The Rider Residences has topped off in Wynwood, marking the point at which the 12-story boutique condominium’s concrete structure is complete and the project begins moving into its façade and interior phases. The development rises at 94 NE 29th St., a highly trafficked block near the juncture of Wynwood, Midtown, Edgewater and the Miami Design District.
The milestone is a significant step for a project that has been under construction since 2025 and is now targeting delivery in the second half of 2027. The Rider is being developed by Ciprés in partnership with Rilea Group, with Beauchamp Construction serving as general contractor. The project is one of a growing number of residential developments trying to capture buyers who want short-term rental flexibility, furnished interiors and a location close to Miami’s urban-core lifestyle districts.
Earlier sales and financing activity also show the project’s momentum. According to the developer, sales have reached the 50 percent mark, and Mexico’s Banco Inbursa provided a $90 million construction loan in September 2025. The building’s topping off was celebrated on-site and at the sales gallery on Sept. 9, 2026, reflecting a construction schedule that has stayed on track so far.
| Project Detail | Information |
|---|---|
| Project Name | The Rider Residences |
| Location | 94 NE 29th St., Wynwood, Miami |
| Developer | Ciprés and Rilea Group |
| General Contractor | Beauchamp Construction |
| Architect | Deforma Studio |
| Interior Design | RADYCA |
| Stories | 12 |
| Residences | 152 fully furnished units |
| Price Range | From about $550,000 to $2.4 million |
| Expected Completion | Second half of 2027 |
Construction reaches a key stage in Wynwood
Topping off is a standard but important construction milestone, signifying that the final structural slab has been poured and the building has reached its full height. For The Rider Residences, that means the project is now transitioning from structural work into the visible phases that will shape its final appearance, including the exterior envelope, windows, finishes and interior buildout.
Diego Ojeda, founder of Ciprés and president of Rilea Group, said the project reached the milestone on schedule and credited the construction team, project partners and lender support. He described The Rider as a concept that blends architecture, art, fashion and music under one roof, and said the firm will begin work this month on Mohawk at Wynwood, another development on the same block.
That adjacent project underscores the developers’ longer-term bet on the area. Mohawk at Wynwood is planned as a 12-story, 300-unit multifamily building with about 29,000 square feet of ground-floor retail at 56 NE 29th St., further expanding the company’s footprint in the neighborhood.
What The Rider is bringing to the market
The Rider Residences is being marketed as a boutique condominium with a highly furnished, flexible ownership model. The project includes 152 residences made up of studios, one-, two- and three-bedroom layouts, along with penthouses. Select floor plans include dens and half baths, and unit sizes range from 386 to 1,612 square feet.
Pricing currently runs from roughly $550,000 to $2.4 million, placing the project in the upper-end market for new-condo product in Miami’s urban core. According to the developer, the building will be fully furnished, with select penthouse and lanai homes featuring Restoration Hardware furnishings.
For buyers, the project’s appeal is tied not only to location but also to plug-and-play livability. The residences are planned with Bertazzoni appliances, Italkraft cabinetry, Cosentino Dekton countertops and smart-home technology, reflecting the kind of package often sought by purchasers looking for a turnkey pied-à-terre or investment-oriented home.
Design language draws from Miami’s creative identity
Architecture for The Rider is by Deforma Studio, while interiors are by RADYCA. The project’s design approach mixes industrial cues with the creative energy long associated with Wynwood, one of Miami’s most visible arts and design districts.
RADYCA’s interiors are said to draw inspiration from 1970s glamour, using rich materials and midcentury references. The developer also said the design incorporates photography sourced from Morrison Hotel Gallery and Iconic Images Gallery, adding a cultural layer to the project’s visual identity.
That positioning matters in Wynwood, where recent residential development has increasingly leaned on lifestyle branding, art-forward architecture and amenity programming that tries to differentiate new product from conventional condominium offerings elsewhere in Miami.
Amenities extend beyond the rooftop pool
The amenity package at The Rider Residences is broad for a boutique building. Planned features include a resort-style rooftop pool area, resident lounge and wellness spaces with cold plunges, infrared saunas and a marble Turkish hammam.
The project also includes what the developer calls The Leopard Room, a soundproofed speakeasy and lounge on the ground floor that will be separated from the residences by the garage above it. The space is intended for private events and reserved use by owners and tenants.
Additional features include motorcycle and bicycle rentals, a gated bike room, approximately 11,000 square feet of ground-floor retail and rooftop food-and-beverage space. Owners will also have access to a private beach club in Miami Beach’s South of Fifth neighborhood, a perk that adds a cross-neighborhood amenity component uncommon in many smaller condo buildings.
Short-term rentals and financing set the project apart
One of the project’s defining features is its flexible ownership model. The Rider Residences is planned to allow short-term rentals, and The Rider Living will offer optional property and rental management services for buyers who want a more hands-off approach.
The project also embraced an unusual financing channel for South Florida condominium sales. In July 2025, the development announced a collaboration with Miami-based crypto mortgage lender Milo, allowing buyers to finance residences through crypto-backed mortgages. Closings are being facilitated by Propy, according to the development team.
That structure helps explain why the project has drawn attention beyond Wynwood. Crypto-friendly financing remains a niche product in South Florida, but it has become part of a broader effort by some developers to appeal to buyers with significant digital-asset holdings who may want to use them to support real estate purchases without liquidating positions.
Why the location matters
The Rider’s address places it inside one of Miami’s most interconnected development corridors. Wynwood has evolved from an art district into a mixed-use market with new residential towers, office and retail conversions, hotel activity and continued demand from buyers seeking proximity to Midtown, Edgewater and the Design District.
That positioning gives the project access to several distinct demand drivers: foot traffic from Wynwood’s dining and retail scene; residential spillover from nearby urban neighborhoods; and the prestige associated with the Design District’s luxury shopping and national brand presence. For new condo developers, that mix is especially valuable because it broadens the buyer pool and supports the case for higher pricing than older stock in the surrounding area.
At the same time, Wynwood remains a neighborhood in transition, with continued construction activity reshaping blocks that were once dominated by warehouses and surface parking. The Rider and Mohawk at Wynwood are part of that ongoing transformation, showing that the district continues to attract both boutique residential product and larger rental developments.
Sales, financing and the developer partnership
Ciprés and Rilea Group are partnering on a project that blends brand strategy, project finance and construction execution. Rilea Group is a long-established South Florida developer, while Ciprés has presented itself as a next-generation firm focused on a lifestyle-driven residential concept.
Cervera Real Estate is exclusively handling sales and marketing for the building. According to Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project is aimed at buyers who travel often and want a home that fits an active lifestyle. Sales activity has reportedly been strongest among buyers from Europe, South America, California and New York, suggesting the project is drawing interest well beyond Miami’s traditional local base.
The construction financing from Banco Inbursa, owned by billionaire Carlos Slim, also points to the level of capital support behind the project. In a market where lenders have become more selective, securing a sizable construction loan and keeping the job on schedule are both important indicators for buyers tracking whether a new condominium will reach completion on time.
What comes next
With the structure topped off, the next phases of The Rider Residences will focus on the façade and interior work that ultimately define the finished product. Those stages can be just as critical as the frame itself, especially for a project with fully furnished residences, custom interiors and high amenity expectations.
The development is still scheduled for completion in the second half of 2027. If that timeline holds, The Rider will arrive as part of a broader wave of new residential supply in Miami’s core neighborhoods, with Wynwood continuing to evolve from an arts destination into a more fully built-out mixed-use residential district.
For now, the topping off marks the clearest sign yet that the project has moved firmly out of the planning stage and into the final construction stretch.
Frequently Asked Questions
Where is The Rider Residences located?
The project is located at 94 NE 29th St. in Wynwood, near Midtown, Edgewater and the Miami Design District.
Who is developing The Rider Residences?
The project is being developed by Ciprés in partnership with Rilea Group.
How many units are planned?
The building is planned for 152 fully furnished residences, including studios, one-, two- and three-bedroom homes and penthouses.
What is the current construction status?
The project has topped off, meaning the full structure is now complete and work is moving into the façade and interior phases.
When is The Rider expected to be completed?
The project is currently targeting completion in the second half of 2027.
