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The End Of Wynwood? Massive Projects Would Remake Miami’s Hippest Neighborhood

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Miami’s Wynwood may be the hottest, hippest neighborhood in America’s hottest city: A dynamic urban fusion of repurposed industrial buildings and warehouses interspersed with new, low-rise buildings housing shops, bars and restaurants, offices and apartments, all of it steeped in artful design and curated graffiti murals.

Its success is no accident. The reinvigorated Wynwood, once a derelict industrial zone, is the deliberate result of unique planning guidelines and development limits painstakingly laid out a decade ago by district property owners and city of Miami planners. The special Wynwood regulations are backed by a distinct vision — for a dense yet human-scaled alternative to the new high-rise forests of Brickell and Edgewater.

But just as they begin to bear fruit, the carefully laid plans for Wynwood are threatened by a controversial new state law, the Live Local Act, which overrides local building controls and encourages developers to supersize projects in exchange for setting aside apartments as ostensibly affordable housing. Critics say Live Local is a giveaway to developers and the promised affordable housing is anything but that.

In Wynwood, Live Local looms in the form of a developer’s plan for a 48-story tower — 36 stories taller than the highest building now allowed in the district — atop a massive parking garage that by itself is larger than much of the new construction in the neighborhood. The Wynwood Neighborhood Revitalization District rules, by contrast, have restricted new buildings to 12 stories.

The tower plan, by Bazbaz Development, calls for 544 apartments and even more cars and parking, or 621 spots, at North Miami Avenue and Northwest 21st Street. That would effectively bring a downtown Miami density to narrow Wynwood streets already nearly overwhelmed with traffic and infrastructure that has barely kept up with the current wave of redevelopment.

And the tower project is only the first to surface publicly in Wynwood. City planning officials say five other Wynwood applications have been submitted this year. Records provided to the Miami Herald by the city for three of the proposals call for:

  • A 39-story tower with 336 apartments located four blocks north of the Bazbaz project, also on North Miami Avenue, by an affiliate of New York’s Hidrock Properties.
  • A 19-story high-rise with 401 apartments located one block west of the Bazbaz site. As part of the project, Miami Court Holdings would preserve and protect an adjacent, two-story Art Deco building as part of the project.
  • A 25-story building complex — with 996 apartments and 693 parking spaces located along Northwest Sixth Avenue between 24th Street and 26th Street on the western edge of Wynwood along Interstate 95 — is proposed by property owner David Sedaghati’s Ultimate Equity.

Local stakeholders expect more. They fear Live Local projects will turn the carefully nurtured district into another version of Edgewater, the nearby, rapidly changing, bayfront neighborhood that now consists mostly of towers rising from bulky, street-filling parking pedestals.

“If those controls are now overridden by Tallahassee, which has no idea what Wynwood or any neighborhood is, that’s kind of crazy,” said Juan Mullerat, a Miami planner whose firm, PlusUrbia, wrote the award-winning Wynwood plan, which was adopted as law by Miami city commissioners in 2015. “And it’s a little scary. Come Live Local, and you can just go nuts.”

QUESTIONABLE AFFORDABILITY

As to the promised affordable housing in the Bazbaz tower? Though the specifics haven’t been decided yet, it’s likely to be around 217 apartments, mostly studios, aimed at people making up to 120% of the median household income in Miami-Dade County — the level set by the state’s Live Local legislation. In 2024, under published calculations by the state, that means people making up to $95,400 a year can be charged up to $2,385 per month in rent for a studio. Rent for a one-bedroom would be capped at $2,554.

Live Local — a priority of Florida Senate President Kathleen Passidomo, a Republican from Southwest Florida, and credited to Sen. Alexis Calatayud, a Republican from Miami-Dade County — was billed as the answer to the state’s housing crisis when it was passed in 2023.

It unilaterally lifts zoning restrictions across the state for developers of mixed-use projects that set aside 40% of residential units as workforce housing for 30 years. Housing advocates say local zoning restrictions have often blocked development of affordable dwellings.

It also directs hundreds of millions of dollars in funding and tax breaks to developers who use the law’s provisions to build.

Live Local quickly proved controversial as developers began proposing outscaled projects in municipalities ranging from Doral to Hollywood and Miami Beach. The law’s pre-emption provisions apply in commercial, industrial and mixed-use areas.

At the same time, the Legislature barred local governments from imposing rent controls on private housing and made it harder for municipalities and counties to approve affordable housing in areas zoned residential only.

Some experts say they expect litigation and increased public furor as mammoth Live Local applications proliferate across Miami-Dade.

 

Source:  Miami Herald

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Three More Live Local Act Apartment Towers Proposed In Wynwood

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Developers are seizing on the Live Local Act with plans for five apartment high-rise projects in Wynwood.

The towers, which would range from 18 to 48 stories, promise to alter the look of the Miami neighborhood, where heights for years have been capped at 12 stories.

Three of the proposals were recently revealed. New York-based Hidrock Properties plans a 39-story, 336-unit tower at 2534 North Miami Avenue; Miami Court Holdings proposes a 19-story, 401-unit tower at 2100 Northwest Miami Court; and David Sedaghati’s Ultimate Equity plans a 25-story, 996-unit apartment tower on the southeast corner of Northwest Sixth Avenue and Northwest 26th Street, the Miami Herald reported.

In other proposals, Clara Homes’ preliminary plan is for an 18-story to 20-story building with about 150 apartments on the site of the Austin Burke menswear store at 2601 Northwest Sixth Avenue. Also, Bazbaz Development proposes the tallest tower, a 48-story building with 544 units at 2110, 2118 and 2134 North Miami Avenue, as well as 2101, 2129 and 2135 Northwest Miami Court.

Miami-based Clara Homes is led by James Curnin. Bazbaz, with offices in New York and Miami, is led by Sonny Bazbaz.

The Live Local Act, approved by state lawmakers last year and tweaked this year, incentivizes developers to include affordable and workforce housing in their projects by allowing them to skip public hearings for approvals and build much bigger buildings than local zonings permit. To qualify under the legislation, at least 40 percent of an apartment project’s units must be designated for households earning no more than 120 percent of the area median income. The units have to remain at below-market rents for at least 30 years. Also, under the law, developers can build up to the highest density allowed in a municipality, and up to the tallest height allowed within a mile of the development site.

Critics have raised questions as to whether the state law will truly provide a reprieve to Florida’s affordable housing crisis. At Miami-Dade County’s $79,400 annual area median income, a one-person household can earn up to $95,400 a year to qualify for a unit in a Live Local Act project, according to the Florida Housing Finance Corporation.

Some municipal officials and urban planners also have said the law ultimately lets developers ram through projects that will trump neighborhoods’ low-rise and mid-rise characters.

 

Source:  The Real Deal

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Developer Scores $77M Loan For 8-Acre Wynwood Assemblage

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The original developer of Baha Mar in the Bahamas secured a $76.8 million loan, with plans to build on eight acres of land in Miami’s Wynwood neighborhood.

Miami and Bahamas-based More Development spent $115 million-plus assembling six blocks in south Wynwood between 2018 and 2022 where it plans a mixed-use project, said Whitney Thier, president of the firm. The project will be called SoWy.

JP Morgan Chase provided the financing for the properties, which are along Northwest Second Avenue between Northwest 20th and 22nd streets, according to a press release.

The land could be developed into nearly 2.5 million square feet. The developer could also use the Live Local Act, a new state law that incentivizes developers that incorporate workforce housing into their projects.

Thier said it is too soon to say what More Development’s project will include, but that it will have residential, retail, office, hospitality and arts components.

 

Source:  The Real Deal

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Homes Near Wynwood Could Be Replaced With Apartments

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A development group wants to replace three houses in the Wynwood Norte area of Miami with an apartment building.

The city’s Urban Development Review Board will consider plans for the half-acre site at 107, 121, and 127 N.W. 31st Street on June 20. WYN107 Development LLC, managed by Sebastian Roiter and Ian Ludmir in Aventura, assembled the properties for a combined $4.5 million in 2023.

The Wyn Mood C building would total 53,401 square feet in four stories, with 72 apartments, 38 parking spaces, about 1,400 square feet of amenities on the ground floor and a rooftop pool deck.

The apartments would range from 471 to 907 square feet. There would be 42 studio apartments, 12 one-bedroom units, and 18 two-bedroom units.

While there’s been a multifamily development boom in neighboring Wynwood, the same higher density zoning doesn’t apply to Wynwood Norte.

 

Source:  SFBJ

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Hotel Coming To South Beach: Keyah Buys Washington Ave Site For $20M

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Keyah Real Estate Group is planning a seven story, 238-key hotel on South Beach’s Washington Avenue.

An affiliate of Aventura-based Keyah, led by Xaver Kriechbaum and Gavin Crescenzo, will tear down a single-story retail building and 13-unit apartment building at 1509 and 1515 Washington Avenue that the firm acquired for $20 million, records show.

The seller, an entity managed by Miami Beach-based real estate investor Jimmy Resnick, paid $550,000 for the retail building in 1987, and $4.6 million for the apartment building in 2006, records show.

Resnick provided Keyah with $15 million in seller financing.

In April, the Miami Beach Planning Board approved Keyah’s project, which entails 238 rooms, a 5,677-square-foot restaurant on the ground-floor, a pool deck on the second floor and a rooftop 3,525-square-foot restaurant, city records show. Designed by Coconut Grove-based Arquitectonica, the hotel would span 91,230 square feet.

Keyah is negotiating a possible branding deal with Cloud One Hotel, a European hospitality company that has a hotel in New York City, plans submitted with the city of Miami Beach show.

Last year, Resnick had a pending deal to sell the properties to Urbin, a subsidiary of Location Ventures, the Coral Gables-based development firm that went belly up following a string of lawsuits from lenders, investors and vendors alleging defaulted loans, unrealized profit returns and nonpayment of services. At the time, then-Urbin and Location Ventures CEO Rishi Kapoor had planned to convert the retail and apartment buildings into a co-living condo project, but the deal fizzled.

 

Source:  The Real Deal

 

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Board Slams 48-Story Live Local Act Project Proposed In Wynwood

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Bazbaz Development’s plan for a 48-story tower in Wynwood, the area’s tallest ever planned building, struck out in front of a Miami review board.

The Wynwood Design Review Committee voted against the proposal after a roughly two-hour discussion this week. The committee’s vote isn’t final but merely a recommendation.

Sonny Bazbaz’s eponymously named firm wants to build the 544-unit apartment building on a  1.5-acre assemblage at 2110, 2118 and 2134 North Miami Avenue, as well as 2101, 2129 and 2135 Northwest Miami Court in Miami.

The Live Local Act, a state legislation approved last year and tweaked this year, allows developers wiggle room on site and neighborhood zoning restrictions as long as at least 40 percent of the units are designated as affordable or workforce housing for tenants earning no more than 120 percent of the area median income. These apartments have to stay at below-market rents for at least 30 years.

Bazbaz’s project marks the first Live Local Act proposal for Wynwood to go in front of the design review committee for a vote. Wynwood buildings are limited to 12 stories, a threshold reached after a yearslong effort to hammer out the neighborhood’s zoning code in a way that preserves the former warehouse district’s character.

But Bazbaz’s project isn’t the only Wynwood proposal under the state affordable housing legislation. In total, six Live Local Act projects have been filed for Wynwood, according to city staff members.

That’s why review committee members said during their meeting that their vote on Bazbaz’s project essentially sets a precedent for future proposed Live Local Act projects in Wynwood, and ultimately for the neighborhood’s changing character.

Under Live Local, the committee’s hands are tied on the project’s height and size in general. But members took issue with various aspects of the tower’s design and its scale just on the first few levels, including of the garage podium.

After several committee members commented on the tower’s “efficient” design, committee member Shamim Ahmadzadegan chimed in.

“I want to call it efficient as a euphemism for too simplistic. It’s a box on top of a slender box. We feel like it’s probably overly simplistic. I might use the term unremarkable,” he said at the meeting on Tuesday. “Wynwood is never simplistic and unremarkable.”

Committee member Amanda Hertzler echoed her colleagues on the dais in saying that the tower is “beautiful,” but the design doesn’t fit in Wynwood.

 

Source:  The Real Deal

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Large Cold Storage Facility Coming To Allapattah

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Boston-based real estate investment firm Longpoint Realty Partners and Vivo Real Estate Group announced that construction has begun on Point 27th, a 107,632-square-foot cold storage warehouse located at 2260 N.W. 27th Ave. in Allapattah.

The facility will include high-efficiency refrigeration systems, a glycol system, 37 dock-height doors, two ramps, 35-foot clear ceilings, a private 120-foot truck court, and 2,700 square feet of flexible office space.

Longpoint and Vivo will jointly build the project. In August 2022, a Longpoint subsidiary paid $16 million for the development site, a 6-acre former trailer park.

 

Source:  SFBJ

 

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Construction Of Phase 2 Of Wynwood’s ‘Wyncatcher’ Project Set To Begin

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Berkadia has secured a $35 million loan to fund the construction of Phase II of Wyncatcher, a new 78,000-square-foot mixed-use creative space in the renowned Wynwood Arts District in Miami.

Managing Director Scott Wadler and Vice President Michael Basinski secured the financing on behalf of the sponsor, Morabito Properties, a Miami-based development firm led by Valerio Morabito.

The deal closed on May 29.

The project consists of two adjoining properties built in phases: Phase I, which was completed in Q4 2023 and consists of 38,400 square feet, is entirely leased to Knotel, a flexible workspace provider. Phase II will consist of 6,000 square feet of ground-floor retail space and 42,000 square feet of creative office space, slated for completion in Q2 2026.

BridgeInvest provided the floating-rate loan which will be used to pay off the existing construction loan on Phase I and fund construction on Phase II.

“Wynwood continues to fortify its reputation as a hub for innovative and creative companies,” said Wadler. “Morabito’s commitment to elegant design fits in perfectly with the ethos of this neighborhood and will ensure Wyncatcher is one of the most desirable creative office properties in the city.”

Located at 2143 Northwest 1 Avenue & 2150 Northwest Miami Court, the Wyncatcher is a high-design project by Morabito Properties involving internationally recognized architecture firm Arquitectónica, the trailblazing Vagabongarq team, and Portuguese artist Alexandre Farto, also known as Vhils.

Phase I features a two-story industrial-style building with restaurant space, a rooftop terrace, elegant double-height, black-frame windows, and a Vhils Studio designed carved concrete facade. Phase ll will be composed of an open-air covered car park, a private garden, large double-height white frame windows, high ceilings, and natural light. The space will be ideal for creative tenants with its open-format layout, and with abundant indoor and outdoor areas, will be conducive to hosting of large events and corporate gatherings.

The property affords convenient access to the Wynwood Arts District’s most notable restaurants, retailers, entertainment, and attractions like Wynwood Walls, Pastis, UNKWN, as well as Downtown/Brickell, Miami Beach, and Miami International Airport.

 

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Developer Proposes Wynwood’s Tallest Project At 48 Stories

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Bazbaz Development wants to build a 48-story apartment tower in Wynwood under the Live Local Act, marking the tallest project proposed for the Miami neighborhood.

The firm filed an application for a 544-unit project on a 1.5-acre assemblage at 2110, 2118 and 2134 North Miami Avenue, as well as 2101, 2129 and 2135 Northwest Miami Court, according to city records. Bazbaz Development, with offices in New York and Miami, is led by Sonny Bazbaz.

The 755,700-square-foot project would include 321 on-site parking spaces and eight off-site spaces.

The Wynwood Design Review Committee is expected to vote on the project at its meeting on Tuesday, including on requests to include fewer parking spaces than required.

The Live Local Act, a state law approved last year and tweaked this year, gives developers wiggle room on sites’ zoning in exchange for designating at least 40 percent of the units for households earning no more than 120 percent of the area median income. Under the legislation, developers can build up to the highest density allowed in a city and up to the tallest height allowed within a 1-mile radius of the development site.

Bazbaz’s proposal for 48 stories is less than the 60 stories they could build under Live Local, but it’s much higher than the 12-story maximum allowed in Wynwood, according to the application and Wynwood zoning records.

The proposal marks a switch from Bazbaz Development’s previous proposal for an eight-story building and a 12-story building with a total of 339 apartments, 25,653 square feet of retail and a 407-space parking garage. The Miami Urban Development Review Board greenlit the plan last year.

Bazbaz bought the development site in 2022 for $12 million, records show. The purchasing entity also ties to Isaac, Jacobo, Simon and John Bazbaz.

 

Source:  The Real Deal

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ABH Developer Group Breaks Ground On Two More Projects In Miami’s Wynwood Norte District

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On the heels of breaking ground on Casa Wyn and Wyn 05 in Miami’s Wynwood Norte district, ABH Developer Group has broken ground on two more projects in the heart of the district.

The first, Wyn Ave, located at 3332 NW 5th Ave., is a six-story mixed-use development featuring 44 apartments and 2,370 square feet of square feet of ground floor retail space.

The second, W35 located at 319 NW 35th St., is a five-story mixed-use development featuring 24 apartments and 2,500 square feet of ground floor office space.

MG3 serves as the general contractor for both projects. W35 is scheduled to be completed first in Q2 2025 with Wyn Ave following shortly thereafter in Q3 2025.

Designed by Modis, Wyn Ave seamlessly integrates a modern, urban design. The project offers a variety of studio, one- and two-bedroom layouts spanning from 423 to 874 square feet. Apartments include contemporary finishes, state-of-the-art kitchens and washer and dryer. Five retail spaces on the ground level will fuse the streetscape with vitality, among them of which is a prominent tenant to be announced in the near future. The building includes many desirable amenities including a rooftop pool deck, fitness center, garden, co-working spaces and electric car charging stations. With rents starting at $2,400, Wyn Ave is a rare opportunity for those seeking attainable rental options in a prime Miami location.

Also designed by Modis with a modern urban design, W35 offers move-in ready studios, one- and two-bedroom apartments ranging from 477 to 510 square feet. Units include high quality contemporary-style finishes, walk-in closets and washer and dryer. A rooftop terrace with a barbecue area and solarium provides an ideal setting for entertainment and relaxation with outdoor workspaces that deliver a serene environment for productivity. To promote eco-friendly transit, all residents will have access to complimentary on-demand electric scooters, fostering sustainable and convenient exploration of Wynwood, the Design District and Midtown.

“We’re thrilled to have reached these milestones and extend our appreciation to the community for their unwavering support,” stated Alexis Bogomolni, CEO of ABH Developer Group. “Wyn Ave and W35 are symbols of our dedication to sustainability and the creation of accessible living spaces in the dynamic Wynwood Norte District. Our vision is to help sculp the future of the Wynwood Norte community, enrich lifestyles, and contribute to the area’s vibrancy. We’re excited to get these developments off the ground and deliver beautiful projects to the area.”

 

Valentin Carbonell, COO of ABH Developer Group, added, “These two pivotal projects will help reshape the 5th Avenue corridor in Wynwood Norte. Surrounded by an array of dining options, nightlife and easy access, 5th Avenue is becoming a hub of convenience and culture in our community, and we’re pleased to be part of the neighborhood’s revitalization.”

The Wynwood Norte district is bordered by I-95 to the west and North Miami Avenue to the east, and Northwest 29th Street to the south and I-195 to the north. Given its walkability to many art, cultural and entertainment and dining destinations along with its recent zoning overhaul, the neighborhood is poised for significant development.

ABH has topped off construction on Wyn 05, a mixed-use rental community with 25 modern apartments and approximately 1,000 square feet of retail space, and is under construction on Casa Wyn, a 24-unit condominium, both in Miami’s Wynwood Norte district.

ABH Developer Group is the largest property owner in the Wynwood Norte District, having assembled a total of 180,000 square feet since 2021. The firm has 13 projects ranging from 24 to 150 units in various stages of development within the Wynwood Norte boundaries. Further north, ABH is nearing completion on Hollytown, a 24-unit townhome development in Hollywood, and construction is underway on Aire Residences, a luxury waterfront condominium in Bay Harbor Islands.

 

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