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Wynwood, The Rider New Development

Rilea Group and Ciprés Set Record with $1.19 Million Retail Space Sale at The Rider Residences

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New Construction in Wynwood-The Rider at Wynwood

In a remarkable transaction, Miami developers Rilea Group and Ciprés have sold a 702-square-foot retail space at The Rider Residences for $1.19 million. Located at 94 NE 29th Street, where Midtown meets Wynwood, the retail space commanded an impressive $1,700 per square foot, setting a new benchmark for the area, according to CoStar. The buyer, Sunkan LLC, secured this prime location ahead of The Rider’s groundbreaking, slated for early 2025, with completion expected in late 2026.

Representing the developers in the sale were Andres Andrade and Jake Lecce of Cervera Real Estate, The Rider’s exclusive sales team. Ivana Trachter of EXP Realty represented the buyer in this record-setting deal.

Diego Ojeda, President of Rilea Group and Owner of Ciprés, highlighted the significance of this sale: “This sale is more than a milestone for us; it represents a pivotal moment for Wynwood. Being part of the Wynwood Business Improvement District allows us to contribute to the neighborhood’s dynamic evolution. We’re thrilled to see The Rider attracting innovative investors and businesses.”

Sunkan LLC’s Alejandro Kacheroff, the visionary behind OPTIUSA, a luxury eyewear brand, and Wynwood’s Michelin-recognized Ossobuco restaurant, also expressed his enthusiasm:

“Wynwood is a hub of creativity and culture, the perfect location for OPTIUSA’s expansion. This isn’t just about growing our brand—it’s about embedding ourselves in a vibrant community that values quality and innovation.”

A New Standard of Design and Connectivity

The Rider Residences, designed by Miami’s Deforma Studio with interiors by RADYCA, will offer fully furnished turn-key residences. The units, ranging from 386 to 1,612 square feet, include studios, 1-, 2-, and 3-bedroom options, with select layouts featuring dens and half baths. Prices start at $400,000 and extend to $1.8 million, catering to a diverse array of buyers.

Adding to its appeal, The Rider will be just one block from Wynwood’s upcoming high-speed rail station on 27th Street. This transportation hub promises car-free access to popular destinations, including Aventura, Fort Lauderdale, Boca Raton, and Orlando, ensuring unparalleled connectivity.

A Visionary Collaboration

The Rider is a joint venture between Rilea Group and Ciprés, the latter a burgeoning real estate firm led by Rilea Group’s Diego Ojeda. With a commitment to refined elegance and innovation, the partnership aims to redefine luxury living in South Florida. Ciprés is also spearheading a 324-unit multifamily project in Port St. Lucie, further diversifying its portfolio.

Rilea Group’s influence extends next door with Mohawk at Wynwood, a 12-story multifamily development offering 300 units and 31,000 square feet of retail space. Together, these projects solidify the developers’ impact on Wynwood’s urban landscape.

The sale of this retail space is a testament to Wynwood’s continued growth and The Rider’s potential to shape the neighborhood’s future. With innovative design, strategic location, and a vision for community integration, The Rider Residences are set to become a defining feature of Miami’s luxury real estate scene.

New Construction in Wynwood-The Rider at Wynwood

Rilea Group Unveils The Rider at Wynwood

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The Rider at Wynwood

Miami’s Wynwood district, already renowned for its vibrant culture and artistic flair, is about to welcome a new icon to its skyline – The Rider at Wynwood. Developed by the esteemed Rilea Group, this high-end condominium promises to redefine the concept of urban living with its fusion of rock ‘n’ roll history and cutting-edge luxury.

Situated at 94 NE 29th Street, The Rider at Wynwood stands as a testament to Miami’s most exhilarating neighborhood. Boasting 12 stories and 146 turnkey units, this boutique building breaks boundaries with an atmosphere steeped in rock ‘n’ roll history and an amenity collection that embodies both relaxation and rebellion. What sets it apart is the unparalleled sense of freedom it offers to buyers – the freedom to rent out their units either short-term or long-term without restrictions, providing an unparalleled investment opportunity.

The development’s prime location ensures not just exclusivity but also connectivity. With the upcoming Brightline high-speed rail stop just steps away, residents will enjoy seamless access to various destinations, including Aventura, Fort Lauderdale, and even Orlando. The convenience of connectivity is matched only by the luxury of choice – residents can opt for full- or part-time living while renting out their units through platforms like Airbnb or take advantage of The Rider at Wynwood’s in-house rental management service.

At The Rider at Wynwood, every detail is designed to evoke the spirit of rock ‘n’ roll. From the curated collection of iconic 1970s rock photography adorning the common areas to the themed amenities paying homage to music legends, each element adds to the building’s unique allure. Residents can start their day at the “Ready, Set, Café,” hit the gym while rocking out to AC/DC, pamper themselves at the “Backstage” beauty room, or chill out in “The Vinyl” hi-fi listening room. The crown jewel, however, is the rooftop pool deck, offering breathtaking views of the city and a standout restaurant and speakeasy bar for the ultimate indulgence.

With prices ranging from the $600,000s to upwards of $1.8 million, The Rider at Wynwood offers fully furnished studios, 1-, 2-, and 3-bedroom residences, each boasting open living areas, gourmet kitchens, spa-inspired baths, and smart home technology. Designed by Deforma Studio, the building seamlessly blends Miami’s vibrant Wynwood flavor with the industrial aesthetic of cities like Chicago and New York. Adorned with commissioned murals and graffiti art, it’s not just a residence but a living, breathing work of art.

Beyond its luxurious amenities and stunning design, The Rider at Wynwood embodies the spirit of its neighborhood – a neighborhood that’s constantly evolving, fueled by creativity and innovation. As part of the Wynwood Business Improvement District, the development contributes to the area’s transformation into a leading destination for culture, creativity, and community. With neighboring projects like Mohawk at Wynwood on the horizon, the district’s allure only continues to grow.

New Construction in Wynwood-The Rider at Wynwood