Rilea, Ciprés Top Off 152-Unit Rider Residences in Wynwood

Rilea Group and Ciprés topped off The Rider Residences at 94 NE 29th St in Wynwood in September, completing the 12-story concrete structure on the timeline the developers set when they broke ground. The boutique condo will hold 152 fully furnished units and roughly 11,000 square feet of ground-floor and rooftop retail and food and beverage space, at a site the developers describe as the crossroads of Wynwood, Midtown, Edgewater and the Design District. Beauchamp Construction is the general contractor. Diego Ojeda, founder of Ciprés and president of Rilea Group, said in a statement that “construction top off is the moment the last slab is poured and the structure is completed.”

Why it matters

A topping off is a press event, but this one comes with a paper trail other Wynwood mid-rise sponsors can actually measure against. Rilea and Ciprés closed a $90 million construction loan from Carlos Slim’s Banco Inbursa on October 1, 2025, arranged by Javier Herrera of Franklin Street. Vertical construction was reported underway by early March 2026. The building topped off six months later, in September 2026, meaning the developers poured roughly 12 floors of structure in about six months, close to two floors a month. That is a real cadence for a 12-story boutique tower with underground and podium parking, not a marketing claim, and it is the number other developers financing similarly scaled Wynwood projects can hold their own contractors to.

The numbers

Between the loan closing and the first vertical pour, about five months passed, the site and podium work that rarely gets covered but eats real time on any mid-rise schedule. From vertical start to topping off ran about six months for 12 stories. The developers are now targeting delivery in the second half of 2027, which leaves roughly 12 to 14 months for facade, interior build-out and certificate of occupancy after structural completion. A check of Miami-Dade’s own permit activity did not turn up a matching recent filing for 94 NE 29th St, so the next hard public record on this project will likely be a certificate of occupancy application rather than a new permit.

What’s next

The real test of this schedule is the next 12 to 14 months, when facade and interior work has to move fast enough to hit a second-half 2027 close on more than half-presold units. For developers underwriting Wynwood and Miami mid-rise construction schedules, Rider Residences is now a dated, three-point benchmark: financing to vertical, vertical to top out, and top out to delivery. The American Developer will track the project for a certificate of occupancy filing as the next confirming milestone.