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Largest Development Site In Wynwood Hits Market

2000 N. Miami Avenue became available for sale, presenting a rare opportunity for investors and developers to own a parcel of land in Miami’s Wynwood neighborhood, which has skyrocketed into a thriving arts center, nightlife hub, and tourist magnet over the past decade.

Currently, the 1.38-acre lot located on the corner of North Miami Avenue and NW 20th Street is currently the largest undeveloped property by square feet available for sale inside Wynwood, as well as one of the largest development sites over 1 acre that hasn’t been scooped up yet by a major developer. Tony Cho, chairman and chief vision officer of Metro 1, is the broker on the listing, with Andres Nava taking lead as the primary listing agent.

The property comprises four conjoined lots being sold together, which are all zoned T6-8-O NRD-1, allowing up to 8 stories by right and 12 stories with bonuses of mixed-use infill development. Under this zoning, the property can be developed into up to 207 units (310 with bonuses) or licensed for up to 414 hotel keys. The proposed development by Metro 1 Commercial, the Miami-based brokerage representing the owner-seller on the listing, would include a mixed-use residential and retail development with 206 apartment or condo units, 21,000+ square feet of retail, outdoor living spaces, and 360 parking spaces.

“This site is something truly rare in the Miami market, where Wynwood has been the dominant ‘hot’ neighborhood now for more than six to seven years. We feel that coming off of COVID-19, with more optimism in the commercial real estate market and investors poised to compete for high-quality deals, now is the time to bring this opportunity to the table. We anticipate a competitive process as the winning bidder will benefit from the accelerated population growth that has defined Miami as the fourth most densely populated city in the nation,” said Nava, managing director of Metro 1 Commercial.

The property is surrounded by some of Miami’s most exciting restaurant and retail concepts, including rooftop dining destination Astra, local cult-favorite burger bar Kush, and Wynwood newcomer Momosan Ramen by Chef Morimoto. In addition, the site sits adjacent to the Wynwood offices of Uber and Spotify and is just a block away from the Arlo Hotel, Wynwood’s first, which broke ground earlier this month.

 

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Coworking Company Leases Half Of Related Group’s New Wynwood Office Space

Coworking provider Industrious is coming to Miami’s Wynwood neighborhood after signing a lease for space in a building that’s under construction.

Industrious signed a prelease for about 41,000 square feet in the Dorsey – about half of the office space in the building. The 12-story project by The Related Group, Tricera Capital and LNDMRK Development will also have 306 apartments and 33,000 square feet of retail.

The Dorsey broke ground in December at 2801 N.W. Third Ave. and expects be open in 2022.

Click here to read more about this story.

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New Wynwood Residences In Assemblage Of Cubes Win OK

An assemblage of cubes and dark colors will become home to 326 new residential units in the heart of Wynwood.

PMG-Greybrook Wynwood Trustee LLC is the owner-developer for a project called Society Wynwood, to rise at 2431 NW Second Ave.

The mixed-use residential project was reviewed Jan. 20 by the city’s Urban Development Review Board and approved with several recommendations.

The site is east of Northwest Second Avenue, south of Northwest 25th Street and north of Northwest 24th Street.

The project is 528,075 square feet, including 48,288 square feet of commercial-retail space and 8,603 square feet of open space.

The building will be eight stories, up to 124 feet, and have parking for 211 vehicles and 30 bicycles.

In a letter to the city, Javier F. Aviñó, an attorney representing the developer, wrote: “The proposed Project will bring 326 residential units to Wynwood, complete with high quality amenities and a roof deck to allow Wynwood residents to socialize and enjoy outdoor space in their neighborhood.

“The ground floor incorporates over 48,000 square feet of commercial uses, including retail uses and multiple restaurant spaces, providing convenient go-to spots for residents and visitors,” he wrote.

The project will have a cross block passage lined with retail and food and beverage options connecting 24th and 25th streets. A second cross block passage running east-west will connect this passage to Northwest Second Avenue, providing further through-site connectivity.

Mr. Aviñó wrote: “The Project will also incorporate artistic elements including art walls, stucco with graffiti, metal mesh, and green walls, reflecting the surrounding aesthetic of the neighborhood.

“This mix of uses within one site combined with design elements that encourage socialization and pedestrian activity, creates a strong neighborhood anchor for the continued growth and vitality of Wynwood,” he said.

The developer is asking for three waivers:

  • To allow up to a 30% reduction in required parking for a site within a quarter mile radius of a transit corridor.
  • To allow 89.9% lot coverage when 80% is permitted.
  • To allow parking in the second layer, when an art, glass, or architectural treatment, of a design to be approved by the planning director, with the recommendation of the Wynwood Design Review Committee, is provided for that portion of the façade.

“I’m excited with your project. I like it,” said board Chairman Willy Bermello.

Board member Robert Behar said, “I like all that you’ve done.” He did caution about the use of dark colors.

“Be careful with the color you select. In South Florida, that black will turn into gray very soon,” he said.

Board member Dean Lewis said the designers should articulate and celebrate the building corners more.

Board member Fidel Perez called it a “very well put together building.”

The motion to recommend approval included these recommendations: re-think the corners of the building to add light; integrate the artwork; re-evaluate the paint colors for the façade; and include more glass into the base.

The motion passed unanimously.

 

Source:  Miami Today

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Related Scores $88M Construction Loan For Dorsey Project In Wynwood

The Related Group and its partners secured an $87.5 million construction loan for the Dorsey project in Wynwood.

Bank OZK provided the financing for the 12-story mixed-use development planned for Northwest Third Avenue between 28th and 29th streets. Related, Alex Karakhanian’s Lndmrk Development and Tricera Capital are partnering to develop the project.

The Dorsey will include 306 apartments, with a majority between 500 square feet and 620 square feet, with some as small as 400 square feet. The commercial space will be divided into about 33,000 square feet of retail and 78,000 square feet of office. The project will also run along a planned woonerf, a Dutch-inspired pedestrian-friendly street. The Related joint venture secured approval for the project from the Miami Urban Development Review Board in late 2019. Arquitectonica is the architect.

Monthly rents are expected to range between $1,800 and $3,900. Amenities will include a gym with a yoga studio and spa, a courtyard, recreation area for pets and a garage, according to a spokesperson.

Karakhanian said the building is expected to be delivered in about 20 months. Construction began this month.

Weck 29 LLC paid $32 million for the assemblage in September 2019. Affiliated companies secured the loan.

Related has been active in Wynwood, where Jon Paul Pérez, newly minted president of the firm, has taken the helm.

 

Source:  The Real Deal

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Wynwood Votes Down 12-Story Mixed-Use Project

A sprawling mixed-use proposal plans to bring with it apartments and more than 60,000 square feet of office space to two lots in Wynwood.

PRN N. MIAMI is planned for property at 2150 N Miami Ave.

Along with the new office space, the 12-story project is to include 317 residential units, 22,700 square feet of commercial-retail uses, and a garage for up to 534 vehicles.

The Wynwood Design Review Committee recently voted to recommend denial, after itemizing concerns about the project.

After the meeting, attorney Iris Escarra said the developer appreciates the committee comments, is seeking to incorporate them into the design, and will submit updated plans to the City of Miami’s Planning Department for consideration by the Urban Development Review Board early in 2021.

Ms. Escarra said the committee requested that the applicant consider the following items:

  • Emphasize the lobby entrance at the East Tower.
  • Break up the retail/pedestrian façade on North Miami Avenue (East Tower) and Northwest 22nd Street (West Tower) by bringing the vertical elements to the ground level.
  • Further articulate the garage screening on the East Tower.
  • Add landscaping on the north setback area of the East Tower.
  • Reconsider the architectural treatment on the West Tower at the northeast corner, including changing of the curved balconies.

Brian A. Dombrowski, an attorney also representing the developer, wrote to the city saying the site plan was prepared by CFE Architects.

He said the property consists of 95,090 square feet or 2.182 acres. The existing structures at the property are to be demolished.

“The Property has a Principal Frontage on N Miami Avenue which bisects the Property. The Property fronts NE/NW 22 Street to the North comprising the Property’s Secondary Frontage, with NW Miami Court on the West being a Secondary Frontage as well,” wrote Mr. Dombrowski.

The site has the FEC Railway tracks to the east and commercial properties to the south.

He said the property is generally divided into two parcels, Parcel 1 to the west of North Miami Avenue and Parcel 2 to the east of North Miami Avenue.

The property is to be developed with a 12-story mixed-use structure consisting of retail, office, and residential uses.

The east parcel would be of retail space at the ground level, a 7-level parking garage lined on the east façade with residential units up to the 8th level, and office space up to the 12th level.

The west parcel would have retail at the ground level, residential units up to the 12th level and amenity spaces for the residents.

The developer is requesting waivers including:

  • To permit up to a 10% increase in the maximum floorplate length above the 8th story for residential uses. This waiver is requested in order to create an effective design.
  • To permit additional residential floorplate dimensions not to exceed 30,000 square feet.
  • To allow a decrease of required parking by up to 30% within the quarter-mile radius of a Transit Corridor. The waiver would reduce the required parking from 719 spaces to 504.

 

Source:  Miami Today

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Sterling Bay Completes Wynwood’s Largest Office Building

Sterling Bay has completed 545wyn, the largest office building in Miami’s Wynwood Arts District.

The building has about 270,000 square feet of office space with floor plates ranging from 20,000 to 38,000 square feet and 14-foot ceilings. Each floor has a private terrace. There’s 26,000 square feet of retail on the ground floor, plus a 440-space parking garage. The fifth floor features 25,000 square feet of amenities, including a wellness center, indoor/outdoor collaborative space, conference rooms, an open-air terrace and food and beverage service.

 

Source:  SFBJ

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Wynwood Mixed-Use Project Gets Design Backing

One of the largest mixed-use projects coming to the booming Wynwood Arts District has received the support of an important review board.

AMLI Wynwood is designed to bring 316 residential units and 30,596 square feet of commercial-retail uses to 70 NW 25th St.

Despite concerns about the massing of the project and its repetitive façade, the Wynwood Design Review Committee recommended approval, after listing several conditions.

PPF AMLI 45 Wynwood LLC is proposing the eight-story building with 544,515 square feet. The building includes a garage for up to 388 vehicles, and 43 bike rack spaces.

The developer said the project will provide needed residential space while activating the street with commercial uses.

Javier F. Aviñó, an attorney for the developer, wrote to the city saying the project includes activated frontages pulled up to the street, creating an engaging pedestrian environment.

“The Project incorporates a generous cross block passage for through-block pedestrian connectivity between 24th Street and 25th Street and numerous landscaped courtyards for residents, including on the 7th and 8th floors,” he wrote.

The passage will be lined with retail and food and beverage options.

To aid in breaking up the building massing, the project includes a more dramatic setback of 17 feet on the upper floors along 24th Street and carries the internal courtyard spaces up through the building, said Mr. Aviñó.

He said the project will provide plenty of opportunities for large murals or graphic art treatments throughout.

The site is within the Neighborhood Revitalization District (NRD-1), the intent of which is to transition the existing Wynwood industrial district into an active, diverse, mixed-use neighborhood.

The NRD-1 district aims to preserve the unique industrial character of the area while promoting a 24-hour environment where people work, live, and play.

Ray Fort of architectural firm Arquitectonica presented details about the site and renderings for the building.

“We have about 200 feet of frontage along 25th Street and 450 along Northwest 24th. We have this T shaped site to work with,” he said.

All amenities are planned for the rooftop level including a dog run, outdoor seating and a barbecue area, a pool and a fitness area.

“Wynwood is an entertainment district and naturally what comes with that is a lot of noise, but people want to live in the area as well,” said Mr. Fort.

“So, the design takes that into account to make sure these are quiet (residential) units, recessed from the street and shielded so people can really live in this neighborhood and not be so impacted by the noise,” he said.

Chairman Victor Sanchez said, “If I look at the individual pieces on a case by case basis, it makes sense … I like the concept and idea … but when you put it all together, it’s a massive project.”

He added, “It stands out. It’s almost like it was designed outside of Wynwood and then placed in here … it almost looks like a massive repetitive building.”

There were some items he liked.

“I love the passage. I love the courtyards and the great creative way to bring natural lighting into those unique spaces, and most are accessible to the public, which is nice,” he said.

But Mr. Sanchez said he didn’t like the repetitive façade.

Committee member Amanda Hertzler agreed, calling the building monolithic.

“The façade feels expansive … The density is just packed in … I do wish I saw more of a differential between the façades so it did feel like it was broken up a little bit,” she said.

Other committee members echoed statements about the massing of the building and the repetitive façade.

In response, Mr. Fort said “the project has to have some sense of unification. You have to clearly signal to your user how to get in, how to get out. With multiple façades you create issues of ‘what building are we looking at here.’”

After more discussion, Mr. Fort said developers would consider subtle changes in the grid work patterns and the colors.

On the vote to recommend approval the committee listed several conditions: add modulation and variety to the street front articulation; widen and celebrate the entrance to the paseo; consider subtle changes to the façade including paint patterns and more; and different balconies and railings; and engage a proper art consultant.

The applicant is seeking waivers to allow:

  • Up to a 30% reduction in required parking spaces. The property is within a quarter mile of a transit corridor, including multiple Metrobus lines and trolley routes.
  • 86% lot coverage when 80% is permitted.
  • Vehicular entries less than 60 feet apart.

 

Source:  Miami Today

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Related Group Proposes Apartments, Retail, Office In Wynwood

The Related Group is requesting approval of a mixed-use project in the Wynwood Arts District of Miami.

The city’s Wynwood Design Review Committee will consider the plans by PRN N Miami LLC, an affiliate of Miami-based Related Group, for the 2.18-acre site at 2150 N. Miami Ave. and 38 N.W. 22nd St. The land is separated by North Miami Avenue, so the project would have two buildings.

The project would total 860,880 square feet with two buildings of 12 stories each. They would combine for 317 apartments, 22,700 square feet of retail, 60,400 square feet of offices and 534 parking spaces.

 

Source:  SFBJ

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Wynwood Is Getting An Eco-Friendly Hotel At The Site Of The Art By God Store

Art by God, the museum store specializing in furnishings and jewelry made from natural artifacts, is proceeding with negotiations for the sale of its Wynwood location. Fittingly, the site is set to become an earth-friendly hotel.

The 21,155 square-foot store, located at 60 NE 27th St., is part of a four-parcel assemblage totaling more than 56,000 square feet and currently priced at $15.6 million. The acquisition includes three other lots at 26 NE 27 St., 25 NE 26 St. and 61 NE 26 St.

The buyer is the Miami-based Lucky Shepherd, a multi-company firm founded in 2016 that specializes in holistic wellness in technology, real estate and design.

The new owners plan to raze the existing property and build a 150-key eco-friendly lodging, with 48 residential units, a farm-to-table restaurant, a speakeasy and a rooftop pool and bar. Touzet Studio is the architect on the project. Gensler will handle the interior design. Construction is expected to begin in late 2021 and last 24-30 months.

Gene Harris, who founded Art By God Inc. in 1982, paid $350,000 for the 1.29 acre assemblage in 1997. He opened the Wynwood store on the property in 2014. The Harris family is still deciding whether to open a store at another location or go entirely online.

Andy Charry of Metro 1 (formerly of APEX Capital Realty), represented the seller. Arden Karson, managing principal of Karson & Co., together with Mika Mattingly and Cecilia Estevez with Colliers International Florida’s Urban Core Division, represented the buyer.

“Just like 2020, this transaction has been very challenging,” Charry said. “I’m grateful to everyone who is helping to push this deal to the finish line. The buyers are getting a phenomenal site.”

A COVID DELAY

The property, which was sold off-market, has been under contract since November 2019.

The hospitality industry has been banking on Wynwood as a lucrative hotel location to capitalize on its flood of annual visitors (more than four million in 2019, according to the Wynwood Business Improvement District).

The San Francisco-based Sonder is currently developing a 72-room hotel at 111 NE 26th St., just one block from the Wynwood Walls. The international firm Quadrum Global is developing a nine-story, 217-room hotel at a three-parcel assemblage it bought for $8.5 million at 2217 NW Miami Court.

The New York-based Domio leased an entire 175-unit building developed by The Related Group and Block Capital Group, originally intended as apartments, and is operating it as a hotel at 51 NW 26th St.

 

Source:  Miami Herald

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A Government-Owned Lot Near Wynwood Is Up For Grabs. These Five Developers Want it.

Miami-Dade wants a library and county offices in Wynwood Norte — and is putting its land into the deal. Five local developers now are vying for the action.

Three adjacent county-owned parcels in the city of Miami, at the northwest corner of Northwest 29th Street and Northwest Second Avenue, just across the street from Midtown Miami, are up for bid as part of the Request for Proposal issues in July by the Miami-Dade Strategic Procurement Division, according to the county solicitation page on BidSync. The deal comes with a 50-year lease and the potential for two 20-year renewals.

Under the RFP, the developer must incorporate a total of 10,000 square feet for a public library and office space for county officials on the site, currently home to the De Hostos Senior Center. The site covers almost an acre.

In the running: New Urban Development, Integra, Related Urban Group, Buslam and the South Florida Community Land Trust. All submitted proposals by the early November deadline. The county will select the firm by January 2021.

Only Integra agreed to comment for this article.

The firm envisions a $50 million mixed-use development on the site, said Jake Morrow, head of Integra Investments’ Interurban. The 12-story, 265,000-square-foot project would include 14,000 square feet of ground floor retail space, a second floor with a 5,000-square-foot library and 5,000 square feet of county office space. The tower would feature 160 affordable housing units for seniors and income-limited workforce housing apartments.

Integra partnered with the Sunrise-headquartered Elderly Housing Development & Operations Corporation, or EHDOC, on the proposal. The two firms also are co-developing an affordable housing community for seniors in Allapattah.

In recent years, developers have zoomed in on the Wynwood area, with a flurry of office, residential and mixed-use projects, including 545 Wyn, Wynwood Green and Wynwood Square. In October, Miami commissioners approved a neighborhood-led development plan for Wynwood Norte and a new streetscape plan for Wynwood.

 

Source:  Miami Herald

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