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Wynwood Plaza Submitted To FAA, With Construction Permit Getting Closer

The developer of The Wynwood Plaza has submitted the project to the FAA for review as it moves closer to obtaining a construction permitting.

According to the July 26 submission to the FAA, the tallest height of the project is planned to reach 212 feet above ground, or 225 feet above sea level.

A construction permit application was submitted to Miami’s Building Department in September 2021, listing an estimated hard construction cost of $130 million, and Moss Construction as the contractor.

City records show that the permit was moving through multiple reviews by Miami’s Building Department as of July.

In April, the developers said there was strong demand for the office component, with 75,000 square feet said to be in negotiation.

According to a water and sewer utilities deal the developers signed in April, The Wynwood Plaza is planned to include:

  • 509 apartments
  • 212,962 square feet of office space
  • 25,550 square feet of retail

The project is also planned to include a landscaped 25,000 square-foot outdoor public plaza, and a parking garage with 668 car spaces and 954 bike spaces.

Gensler is listed as the architect of record on the construction permit.

 

Source:  The Next Miami

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Brick & Timber To Buy Cube Wynwd Office Building For $60M

Brick & Timber Collective plans to purchase its third Wynwood building.

Glenn Gilmore’s Brick & Timber put the Cube Wynwd offices at 222 Northwest 24th Street under contract for over $60 million. The seller is a joint venture of Tricera Capital and Alex Karakhanian’s Lndmrk Development, which will retain a 20 percent stake, two of the sources said.

In March, Brick & Timber paid $49 million for Wynwood Annex at 215 Northwest 24th Street, across the street from Cube Wynwd. The deal marked the San Francisco-based firm’s debut in South Florida. On the heels of that deal, Brick & Timber bought the three-story office and retail building at 2724 and 2734 Northwest First Avenue for $9 million in May.

Cube Wynwd is almost fully leased, one of the sources said.

The eight-story, roughly 100,000-square-foot building was completed in 2019. The developers, Redsky Capital and JZ Capital Partners, sold it to Tricera and Lndmrk for $28 million in the spring of last year.

 

Source:  The Real Deal

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Here’s A Look At Wynwood’s First Hotel, Opening This Fall

One of the best things about Wynwood: it isn’t crammed with resorts the way South Beach is or packed with high-rises like Brickell. Both mean congested avenues and Miami restaurants you’ll never get into. The worst thing about Wynwood? There’s nowhere to stay overnight, whether it’s after your Miami bar crawl or for a weekend escape in the city’s art district. Luckily, that’s soon to change.

This fall, experience-driven hotel brand Arlo will debut the neighborhood’s very first hotel. Designed by Meyer Davis, Arlo Wynwood is set to be a nine-story, 217-room property boasting a rooftop pool with private cabanas, a bar, a café and a yoga deck. Guests will also have access to an indoor/outdoor restaurant, three bars, a bodega and a pool table—or zip around the neighborhood in your complimentary bike rental. Expect guest rooms to be thoroughly modern but warm, bringing some of the outside in with fresh greenery and light wood accents. Perhaps slightly less gritty and industrial than other developments in the neighborhood.

In keeping with its artistic surroundings, Arlo Wynwood, which opens in October, will display more than 250 works of art from a range of artists, including Alain Castoriano, Coruna Luna and Jessica Poundstone. The hotel’s exteriors will feature works by Miami-based artist Hoxxoh, known for his “spheres of life” that illustrate the motions of space and time, as well as MILAGROS Collective, whose co-founders, Felici Asteinza and Joey Fillastre, will create site-specific geometric work. Up on the yoga deck, Florida-based collage artist Ari Robinson will present a plexiglass mural that interacts with light.

Locals are invited to hang at Arlo Wynwood too, specifically at one of its wellness-themed events—be it the daily yoga classes or weekly meditation sessions. There’s also nighttime programming in the works, featuring DJs and live music to bring home the Wynwood vibes.

 

Source:  TimeOut

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Former Low-Income South Beach Apartments Hit Market As Possible Hotel Conversion

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Jamestown is looking to cut off a slice of its Collins Avenue portfolio by listing a historic South Beach apartment building for sale.

The Atlanta-based real estate investment firm, led by CEO and principal Matt Bronfman, retained Marcus & Millichap to market 727 Collins Apartments at 727 Collins Avenue in Miami Beach, according to an online listing. Jamestown and Marcus & Millichap’s Joseph Thomas, who is leading the marketing efforts, declined comment.

After publication, Thomas said the price guidance is $15 million. In 2015, a Jamestown affiliate paid $12.3 million for the four-story Art Deco building completed in 1930, records show.

The 25-unit property operated as a low-income, housing tax-credit apartment building until April when the restrictions expired, the listing states. As a result, potential buyers will be able to convert 727 Collins Apartments into a limited-service hotel or a short-term rental building, according to Marcus & Millichap. The 23,238-square-foot building, a mix of one- and two-bedroom apartments, also has a ground-floor retail store.

 

Source:  The Real Deal

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NR Investments Files Proposal To Build Mixed-Use Complex In Allapattah

NR Investments wants to develop a massive mixed-use complex on Miami’s General Services Administration site in Allapattah.

Ron Gottesmann and Nir Shoshani’s development company filed a proposal for a 99-year lease and redevelopment of the city-owned 18-acre property at 1970 Northwest 13th Avenue and 1950 Northwest 12th Avenue, according to the application. The property is just south of the Santa Clara Metrorail station.

NR Investments wants to build 2,500 apartments; 300 hotel keys; 200,000 square feet of office space; and 100,000 square feet of retail, the plans show. As part of the multifamily portion, 500 units will be workforce housing for households earning from 100 percent to 140 percent of the area median income. The proposal calls for roughly 5 acres of open public greenspace.

The application does not specify the heights of the buildings, but does say the project won’t require changes to the site’s existing zoning. Currently, towers of up to 30 stories, or buildings with eight stories for podiums and 22 stories for the main portion of the towers, are allowed.

NR Investments’ submitted the application in late May as an unsolicited proposal for the public property, meaning the city has to allow other developers the opportunity to file redevelopment plans.

On Thursday, Miami commissioners unanimously voted to accept NR’s application, a symbolic decision showing they are not rejecting it, and agreed to issue formal requests for proposals. The official RFP will be issued in 45 days and allow another 45 days for applications submittals.

NR’s project envisions various public spaces, such as a “study house” for after-school, continuing education and job-training programs, as well as a community market with a stage for public events, and a promenade with food and retail stands, the application shows. The redevelopment also would breathe life into the Santa Clara station, which NR said has the lowest ridership out of all Metrorail stops.

The 5 acres of public parks will include a dog park, community gardens and possibly an urban farm.

DPZ CoDesign is the project’s architect.

NR proposes rental payments to the city that would add up to $1.5 billion for the land lease over the 99 years, the filed materials show.

The Miami GSA site currently is used for city services such as printing, and for the storage of trucks. It also has a fire rescue station on the northeast corner of the site. Under NR’s plan, the station would be moved elsewhere along Northwest 20th Street.

Among the issues commissioners discussed is that the GSA site is one of several locations designated for the creation of public park space to make up for the greenspace that will be lost by the development of Miami Freedom Park soccer stadium. Under city rules, a developer that builds over park space has to recreate it elsewhere.

NR’s proposal calls for slightly less than the 6.8-acre greenspace that must be recreated on the site to make up for what is lost from the Miami Freedom Park project.

Overall, this is something that can be fixed as the redevelopment plans move forward, some of the commissioners said.

“I don’t think that at this moment we need to determine down to the inch,” said commission chair Christine King.

Miami-based NR is among the firms that redeveloped the city’s Arts & Entertainment District. Its projects there include the 38-story Canvas condominium at 1630 Northeast First Avenue, and Filling Station Lofts, an 81-unit rental building at 1657 North Miami Avenue.

This year, NR started building the 29-story Uni Tower with 252 workforce and affordable rental units at 1642 Northeast First Avenue.

 

Source:  The Real Deal

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