Alex Karakhanian
Also known as: Lndmrk Development
Principal of LNDMRK Development
Known For
Alex Karakhanian stands out for assembling high-value sites and partnering on transformative multifamily projects like 2900 Terrace in Edgewater, elevating Miami's luxury rental market.
About
At LNDMRK Development, Alex Karakhanian spearheads a $22.5 million Edgewater land buy with Oak Row Equities, launching 2900 Terrace—a 38-story luxury rental tower with $210.5 million financing from Bank OZK and Canyon Partners, featuring premium amenities like yoga studios and golf simulators. He teamed with Related Group on a $12 million three-parcel Edgewater acquisition at Northeast 29th Street, targeting Biscayne Bay-view residences near the MacArthur Bridge. Partnerships extend to PMG on Twenty-Sixth & 2nd Wynwood Residences, blending private offices and short-term rental options in the arts district, plus a $2.8 million Design District retail site with Tricera Capital. These deals underscore his role in fueling South Florida's urban residential surge.