Get ready for hundreds more residents in Wynwood.
AMLI Wynwood, a property with 316 luxury apartments, is now open, according to the AMLI Residential blog.
Units are available now, the property website shows.
A cross-block pedestrian passage is also now open, the blog post said.
The project also includes 388 parking spaces, and is among the largest to break ground in Wynwood.
Source: The Next Miami
Gridline Properties has closed eight lease agreements totaling nearly 40,000 square feet of space on behalf of commercial real estate investor and landlord, Big Move Properties, marking 100 percent occupancy of the newly renovated office building at 1900 NE Miami Ct.
Leasing Director and Senior Associate Emilia Howard facilitated the lease transactions on behalf of the landlord for the centrally located building at the intersection of Wynwood and Downtown Miami.
The three-floor office building, owned by Big Move Properties, is known as ‘The Sky Building’ and spans a total of 58,500 square feet. The new tenants will reside on the second and third floor, totaling nearly 40,000 square feet. The first floor was previously leased. The building was recently renovated, designed by interior design firm, ReDefine Design, to include modern, loft style offices with glass partitions, LED lights, natural light, high ceilings and exposed, artistic brick walls. Big Move Properties offers tenants build-to-spec office options. Located along North Miami Avenue, Wynwood’s most trafficked artery, the property offers easy access and walking distance proximity to many Wynwood eateries.
Leases were signed with Touchland LLC, Seitrack US, 4Eon, Building Drops, Supply Caddy, Aroma 360, MicroDesign, Sherpa, and Monster Energy, newcomer to the market. All tenants have moved in, except for Monster Energy, which is slated to move in in early May. Details of the newly signed leases and tenants can be found below.
Despite market challenges with office leasing, Gridline Properties was able to secure a strong roster of local and institutional tenants to this adaptive reuse project in the Wynwood neighborhood.
“The success we’ve had while leasing this building proves that Wynwood continues to appeal to growing businesses,” said Emilia Howard, Leasing Director and Senior Associate at Gridline Properties. “We are thrilled to have guided these tenants through the leasing process and to work with a visionary landlord like Big Move Properties that continues to meet the evolving needs of today’s businesses.”
Big Move Properties is a commercial real estate development firm specializing in unique, creative spaces customized for businesses seeking to capitalize on the energy of Miami’s most exciting neighborhoods including Wynwood, Allapattah and Little River.
“The Sky Building is an idyllic property that embodies the essence of Wynwood and offers a dynamic work environment for tenants,” said Doug Levine, Chief Executive Officer of Big Move Properties. “We enjoyed working with Gridline Properties throughout this process and are excited to welcome our new tenants.”
Fisher Brothers recently topped off Wynhouse Miami, a mixed-use multifamily development in Miami’s Wynwood neighborhood. Delivery is set for the first quarter of 2025.
The eight-story midrise at 2200 NW First Ave. will bring 308 rental units to market. Apartments will range from 474 to 1,405 square feet and feature a mix of studio, one- and two-bedroom floorplans, as well as penthouses.
Community amenities will include 26,000 square feet of ground floor retail and paseo space and almost 25,000 square feet of indoor and outdoor amenities, including a lobby lounge, second-floor lawn area, fitness center, co-working lounge, entertainment space, rooftop pool and spa, outdoor entertainment space and barbeque area.
“Wynhouse Miami is the most exciting project yet in Fisher Brothers’ House brand, which will bring a unique character designed to match and enhance the existing culture, history and energy of Wynwood,” Fisher Brothers Partner Winston Fisher said in a press release. “We look forward to the next phase of bringing Wynhouse Miami to life and finalizing its multitude of amenities and artistic details.”
Nichols Architects designed the building, while Suffolk is the general contractor. Interiors were designed by ID & Design International, and Rockwell Group is handling the amenity spaces.
“Today’s achievement celebrates a monumental step in our collaboration with Fisher Brothers to transform Wynhouse Miami from an idea into reality,” said Jay Fayette, president, Suffolk Florida East Coast. “Our industry-leading approach to construction and sophisticated technologies have made the construction of this unique mixed-use building seamless. We look forward to completing this project throughout the year and opening the doors for the Wynwood community to enjoy.”
Source: South Florida Agent
A coffee shop will open at the recently completed Wynwood Haus mixed-use project.
Raccoon Coffee leased 1,800 square feet at 23 Northeast 17th Terrace in Miami, marking the first retail tenant at the development, according to the landlords’ news release. Wynwood Haus is in the Arts & Entertainment District, which is south of Wynwood.
Raccoon Coffee will operate a full-service food truck in front of its space until the interior buildout of its new space is finished and the restaurant moves in by year-end, the release says.
The homegrown brand, started by the Di Frisco brothers, also has Miami outposts at 609 Brickell Avenue in Brickell and 330 Northeast 30th Street in Edgewater.
Black Salmon, led by Jorge Escobar and Camilo Lopez, as well as Bridge Investment Group and LD&D, which collaborated with IGEQ, completed the 20-story Wynwood Haus building this year with 224 multifamily units and 5,500 square feet of ground-floor retail space.
Black Salmon, LD&D and IGEQ are based in Miami. Led by Jonathan Slager, Bridge Investment is based in Salt Lake City, Utah.
Source: The Real Deal
New York-based Abingdon Square is telling prospective buyers that a 0.7-acre assemblage at 2200 and 2230 Northwest Second Avenue and 224 Northwest 22nd Lane could potentially accommodate a skyscraper with 789 residential units under Florida’s Live Local Act, according to an offering memorandum.
The site is being marketed for $31 million. Abingdon Square, led by principal Benjamin Atkins, purchased the three properties for $5.1 million in 2013, records show.
Prospective buyers will be interested in knowing that they could build a potentially larger project under the Live Local Act, Ari Dispenza, who is marketing the site, said.
In Wynwood, the height of buildings is capped at five to eight stories, but developers can go as high as 12 stories in some areas of the neighborhood by offering public benefits. The Abingdon site’s current zoning allows for a five-story mixed-use development of office or residential with ground-floor retail, the offering states. A residential component could only have a maximum of 70 units.
But a project could score an additional three stories and 55 more units by providing public benefits, the memo states.
Yet, the memo primarily highlights the advantages of the Live Local Act, which allows developers to build new mixed-use or residential projects that can be as tall as buildings within one mile. The Abingdon site is within one mile of multiple high-rise buildings.
Source: The Real Deal
Rilea Group is hoping to tap into buyers’ rock ‘n’ roll energy with its latest condo project, where buyers and residents can drive a fleet of Harley-Davidson motorcycles and relax in a vinyl record lounge.
The Miami-based firm is launching sales of a short-term rental-friendly project in Wynwood called The Rider at Wynwood, according to Rilea President Diego Ojeda. Ojeda said he even trademarked the phrase, “Take a ride on the wild side,” a play on Lou Reed’s “Take a walk on the wild side.”
The 12-story, 146-unit building, planned for 94 Northeast 29th Street, will be next to Rilea’s Mohawk at Wynwood, a planned 12-story, 300-unit apartment building at 56 Northeast 29th Street. Coastal Construction will be the general contractor for both, Ojeda said. Construction is expected to begin this year.
The Rider at Wynwood, which got its name in part because of its proximity to Brightline’s planned Wynwood station, will have units priced from the $600,000s to $1.8 million. Buyers will face no rental restrictions and can enter their units into a rental program or manage them themselves. Cervera Real Estate is handling sales and marketing.
The units will be delivered furnished, with high-end amenities that include Bertazzoni appliances, Cosentino Dekton countertops and Porcelanosa bathroom fixtures.
Condos offering short-term rental options have become a favorite for investors across South Florida because iInvestors can profit more from renting their units out for shorter periods of time than traditional rentals.
The Rider will have 11,000 square feet of retail space, divided between 5,000 square feet on the ground floor and the remainder for a 6,000-square-foot rooftop speakeasy lounge inspired by Sugar at East, Miami, that will be accessible via two private elevators. The rest of the rooftop will be for residents only.
Source: The Real Deal
As the warehouses of Wynwood give way to high-end apartments, developers are spreading their tendrils beyond the dense retail core and into neighborhoods that were all but ignored less than a decade ago.
“It’s almost like there was a memo that went out to all developers across the country: Spend a lot of money in Wynwood and Midtown,” said Ryan Shear, managing partner at Property Markets Group. “And it’s happening, you’re watching it happen before your eyes.”
The rapid growth of Wynwood in the last five years is spilling northward into Midtown as developers look to connect the city’s creative core with its luxury retail center of the Design District, tying together distinct neighborhoods into a unified hub of activity.
Developers from outside of Florida are especially interested in starting projects in Wynwood, Amanda Hertzler, executive managing director at the architecture firm MKDA, said at a Bisnow event Tuesday held at the Hyatt Regency Miami on the future of Wynwood, Midtown and the Design District.
The out-of-state firms are “looking at Wynwood specifically, not just South Florida but Wynwood specifically, as where they want to put shovels in the ground not just for one, not just for two but for multiple projects,” she said.
The interest extends beyond the confines of Wynwood, where developers in recent years have worked to transform what had been a neighborhood of low-rise industrial buildings into a creative hub and hospitality destination.
Midtown, north of Wynwood, is also drawing significant attention from developers who are looking to create a natural connection between the nightlife and hospitality that dominates Wynwood and the high-end shopping that defines the Design District.
“Wynwood has really pushed a walkable area,” Hertzler said. “What’s challenging is the walkable area does kind of stop at some point. The idea is to really connect the Design District to Midtown to Wynwood in a really pedestrian-friendly way and get cars off the street.”
The push into the 18 blocks that make up Midtown has been decades in the making and is being shepherded along by a master plan that encourages the development of walkable streets, speakers at the event said.
Two decades ago, the neighborhood was a largely undeveloped industrial expanse known as the Buena Vista railyards. Florida East Coast Railway sold the property to Miami developer Michael Samuel and Joe Cayre, the chairman of New York-based Midtown Equities, who in turn sold half the land to Cleveland-based Developers Diversified Realty, The New York Times reported in 2009.
The real estate investment trust built the 470K SF Shops at Midtown, creating a nominal link between Wynwood and the Design District that is now being supercharged by a wave of recent development.
“In 2005, I was with a different group and we financed the Cayre family to buy the land in Midtown Miami,” said Greg Newman, senior managing director at Bank OZK, one of the most active lenders on developments in Miami. “Everybody in Miami, most of my developer clients, thought we were nuts. But sometimes it takes somebody outside the town to see the vision.”
Miami-based Rosso Development is building The Standard Residences, Midtown Miami in the neighborhood. The 120-story condo building had 80% of its 228 units pre-sold as of October, when Bank OZK provided a $45M construction loan for the project.
Carlos Rosso, the firm’s founder and a former minority partner at Related Group, said the neighborhood was beginning to realize its full potential under its master plan.
Midtown has a “design intent in the whole neighborhood that I don’t think we have anywhere else in Miami,” he said.
Generous sidewalk requirements that extend up to 20 feet wide, a focus on substantial tree cover to shade pedestrians from the South Florida sun and requirements that the ground floors of new developments must be at least 80% glass all help to promote foot traffic and street-level activations, he said.
“Northeast First Avenue, where The Standard is, has been designed from day one as a natural connection between the Design District and Wynwood,” Rosso said. “The whole street doesn’t have one loading dock, one garage entrance, you don’t smell trash, you’re always walking on a sidewalk that is always the same material.”
He pointed to the June purchase by Terra Group, led by David Martin, and Lion Development Group of a 1.7-acre site at 3501 NE First Ave. for a planned condo project as further proof that the neighborhood was rising to meet the moment.
“When the Cayres bought Midtown, I think they paid something like $30M for the whole neighborhood,” he said. “David Martin just paid $40M for 1 acre.”
The neighborhood is being boosted by the success of the Design District, which itself is reaching the culmination of a decade-long redevelopment.
Dacra, led by billionaire Craig Robins, had been repositioning the district since 1998 before partnering with L Catterton, the private equity arm of LVMH and its CEO, Bernard Arnault, in 2010 to bring the firm’s luxury brands to the district.
The pandemic boosted Florida’s profile among the wealthy elite, propelling the Design District into Miami’s premiere luxury retail destination.
“We are getting tenants from the Design District inquiring about our retail spaces at The Standard,” Rosso said. “They say the people that are in the Design District, guess where they live? They live in Midtown.”
The master planning that developers credit with Midtown’s success is also playing out in Wynwood, which passed its own regulations in 2020 to promote pedestrian traffic.
“The common thread between Midtown and the Design District is that they both have streetscape master plans that were very intentional,” said Raymond Fort, vice president at Arquitectonica. “Wynwood also has a streetscape master plan, but it’s not controlled by a single entity. It’s up to the responsibility of each individual developer to build out their frontage.”
Developers have been diligent in the implementation of the new design standards, Fort said, adding that the neighborhood has plans to create pedestrian-only streets as more projects get built.
“It’s not just the building that’s going to create the neighborhood, but the streetscape and the landscape as well,” he said.
Hertzler said the regulations went into effect just as developers began amassing larger assemblages to build denser projects in the neighborhood, helping to promote designs that will make the neighborhood more navigable to pedestrians.
Her firm designed PMG’s Society Wynwood, a 318-unit apartment building at 176 NW 25th St. that is expected to open next month. A primary feature of the development is its paseo, a pedestrian walkway that cuts through the property and helps connect the neighborhood’s long blocks.
PMG’s project was one of the first large assemblages to begin construction when it broke ground in 2021, she said, but other developers have followed suit to design projects that will add paths crisscrossing the neighborhood.
“It creates this shaded, really interesting, meandering path through Wynwood,” she said.
As Wynwood sees a burst of residential development, neighborhood officials also moved in 2020 to tackle Miami’s housing affordability issue. The Wynwood Business Improvement District created the Wynwood Public Benefit Trust Fund, which is financed by developers who pay into it in exchange for additional square footage at their sites.
Those funds can then be disbursed to developers who include workforce housing inside their projects, a scheme that Miami-based developers Black Salmon and LD&D embraced at their Wynwood Haus project at 23 NE 17th Terrace.
The 224-unit luxury apartment building, also financed with a construction loan from Bank OZK, has units set aside for tenants making between 100% and 140% of the area median income. Part of the lost income from what the units could be leased for at market rates are rebated back to the developer by Miami’s Omni Community Redevelopment Agency, said Diego Bonet, managing partner at LD&D.
Wynwood Haus opened its doors less than a month ago and is now 17% leased by around 45 tenants, most of whom are occupying the workforce-priced apartments, he said.
“Those units have been flying off the shelves, as you’d expect them to,” Bonet said. “Just knowing that we’ll have a base of the building that’s always rented de-risks the project to a certain extent. To us, it was really a win-win solution.”
As more large-scale projects fill into Wynwood, the quiet Wynwood Norte neighborhood just north of the core and west of Midtown is also attracting developers eyeing smaller-scale projects.
PMG and Lndmrk Development spent $20M on a 1.1-acre assemblage in the neighborhood in October. Plans haven’t been announced for the site, but Shear said Tuesday that PMG was preparing to launch a condo project in the neighborhood during the second quarter.
Wynwood Norte has separate zoning from the rest of Wynwood that encourages the development of lower-density projects. These will become attractive relocation options for the boutique retailers that are being pushed out of Wynwood’s core or tenants looking for a smaller scale than Midtown.
“Wynwood Norte is smack in the middle of both these neighborhoods,” Shear said. “It’s already becoming one of the anchor neighborhoods that will connect both of these places.”
Source: Bisnow
Another residential development has entered the construction permitting process in Wynwood.
The construction permit application is for a 12-story mixed-use building replacing a parking lot formerly owned by the Salvation Army.
The permit filing was first created in late November, with the full plans filed in late December. Review is currently underway by Miami’s Building Department.
Beauchamp Construction is listed as the contractor on the permit.
Miami’s Urban Development Review Board voted unanimously in October to approve the development without requiring any modifications.
The mixed-use development is planned to rise 12 stories and include:
Breakers Capital and Alchemy-ABR Investment Partners of New York are the developers.
Arquitectonica is the architect.
Source: The Next Miami
ABH Developer Group, a rapidly growing, fully integrated real estate firm, has begun vertical construction on Wyn 05, a boutique four-story mixed-use development featuring 25 modern apartments and approximately 1,000 square feet of retail space at 3422 NW 5th Ave. in the burgeoning Wynwood Norte district. Completion is estimated for Q2 2024.
“We are thrilled to introduce Wyn 05 to this emerging neighborhood and contribute to the Wynwood Norte’s growth and vibrancy. Wyn 05 will offer tenants exquisite living spaces in an ideal urban environment that truly embodies the spirit of Miami,” stated Alexis Bogolmoni, CEO of ABH Developer Group.
Wyn 05 offers a range of studios and one-bedroom apartments with an average unit size of 525 square feet and a rooftop terrace offering stunning views of the city skyline. Wyn 05 will present a coveted opportunity for renters seeking affordable and flexible living options in a prime location.
Apartments feature modern Italian design. Guests will indulge in a fully equipped kitchen adorned with appliances from renowned brands and unwind in a den accentuated with elegant fixtures, complemented by spacious walk-in closets and an outdoor terrace, perfect for relaxation and entertainment.
Guests will enjoy Wyn 05’s convenient location surrounded by the city’s most desirable attractions. The project is situated between NW 34th Street and NW 35 Street along NW 5th Avenue, and adjacent to a plethora of art, cultural and entertainment and dining destinations including Wynwood Arts District, Miami Design District and Midtown Miami.
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.
On December 5, the Wynwood Design Review Committee will review designs for an 11,250-square-foot site located at 160 N.W. 28th St.
The parking lot was purchased in March for $6.7 million by Robert Finvarb‘s Miami-based company, 160 NW 28 St Associates LLC.
The hotel would have eight stories and total 45,770 square feet. It would have 116 rooms, a restaurant with 205 seats in 3,698 square feet on the mezzanine level, and a restaurant with 156 seats on the roof. Additionally, there would be 24 parking spots on the basement level, a gym on the second story, and a rooftop pool.
The sizes of the rooms would be 298 to 624 square feet.
Finvarb stated that the hotel will feature rooms that were full-sized, in contrast to the current Wynwood hotels that offer smaller rooms. For this project, he anticipates inking a branding agreement with a large hotel chain.
He hopes to break ground in Wynwood in the third or fourth quarter of 2024.
Source: SFBJ