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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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i5 Wynwood Co-Living Community Reaches Completion With 215 Suites

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Hundreds of new residents are about to begin moving into a newly completed co-living building known as i5 Wynwood.

Leasing and move-ins for i5 Wynwood have now begun, according to a press release.

Residents will have their own private bedroom and ensuite bathroom, inside a 3 or 4 bedroom apartment. The living area and kitchen will be shared.

Prices start at $1580 per bedroom, assuming a 12-month lease with 2 promotional months added, the i5 leasing website says.

Arquitectonica is the architect, with interiors by Michael Wolk. Related Group and W5 Group are the developers.

 

Source:  The Next Miami

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Construction Progress At Wynhouse Miami

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Wynhouse Miami now has nearly all its glass installed.

Construction on the 8-story building began last summer. A top off ceremony was held in March.

Wynhouse is planned to include:

  • 308 rental residences
  • approximately 26,000 square feet of ground floor retail
  • nearly 25,000 square feet of indoor and outdoor amenities
  • 107 parking spaces

The development also includes two pedestrian paseos that will encourage residents and the public to engage with the building, community spaces and ground-floor retail.

A $117.5 million loan provided by JP Morgan Chase and affiliates of Canyon Partners is financing construction.

Nichols is the architect, with interior design of residences by ID & Design International and amenities by Rockwell Group. Fisher Brothers is the developer.

Substantial completion is expected in January 2025.

 

Source:  The Next Miami

 

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Wynwood Arcade Being Redesigned As Wynwood Jungle

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An old established building in the booming Wynwood Arts District is being reborn – again.

The former warehouse at 50 NW 24th St., first reborn as the Wynwood Arcade, is being repurposed once more into Bristol Republic at Wynwood Jungle.

The city’s Wynwood Design Review Committee has voted to recommend approval of the latest project, with several conditions.

In a letter to the city, architect Jorge Eduardo Gonzalez said the application proposed modifications to the north façade of the former Wynwood Arcade on Northwest 24th Street.

“The project involves adding an outdoor bar, a front kitchen, and integrating these elements with a proposed canopy structure designed to mimic the building’s existing façade,” wrote Mr. Gonzalez.

The latest design received unanimous support from the committee, recommending approval with a few conditions.

 

Source:  Miami Today

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Related Group Lands $142M To Complete NoMad Condos In Wynwood

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A joint venture led by Related Group secured a $141.5 million construction package for the NoMad Residences development in Miami’s Wynwood neighborhood.

The condo project — a partnership between Sydell Group, parent company of the now-shuttered New York NoMad hotel, and New York-based Tricap — will feature 329 units and about 18,500 square feet of retail space. Construction has been underway since September and is expected to be completed in 2025, with 80 percent of the condos already under contract, according to Related.

 

Source:  Commercial Observer

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JV Acquires 32K SF Ground Floor Retail Space In Wynwood For $700 PSF

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Ben Mandell, Alex Karakhanian and Michael Simkins joined forces to buy the ground-floor retail space of Society Wynwood, an almost completed mixed-use project,

A joint venture between Mandell’s Tricera Capital, Karakhanian’s Lndmrk Development and Simkins’ Lion Development Group paid $22.5 million for 32,000 square feet at the base of the nine-story development at 2431 Northwest Second Avenue that is currently under construction, a press release states.

The deal breaks down to $703 per square foot.

Society Wynwood’s developers, Miami and New York-based Property Markets Group, or PMG, and Toronto-based Greybrook, are the sellers.

Roughly 50 percent of Society Wynwood’s ground-floor retail space is pre-leased to Starbucks, Nacho Daddy, Chama De Fogo Brazilian Steakhouse and I Scream Gelato, the release states.

Society Wynwood will also almost 300 modern residential units, including co-living units, and a private parking garage.

 

Source:  The Real Deal

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Three Wynwood Buildings Assemblage Changes Hands

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Crunch Fitness founder Doug Levine sold a trio of commercial buildings in Miami’s Wynwood for $23.5 million, roughly $6 million below his asking price.

Wynwood 126 acquired the 0.7-acre portfolio that can be redeveloped into a mixed-use project with a hotel or multifamily component.

Levine paid a combined $5.9 million for the assemblage between 2013 and 2014, records show. The three buildings at 2320-2328 North Miami Avenue and 36-38 Northwest 24th Street were completed in 1928 and 1950.

 

Source:  The Real Deal

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One Of Wynwood’s Biggest Apartment Buildings Now Open

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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

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Gridline Properties Signs Leases With Monster Energy, 7 Others At Wynwood Office Building, Achieving 100% Occupancy

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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.

  • Monster Energy – Company that produces a variety of energy drinks, coffee drinks, hydrating sports drinks, juices, teas, beer and alcoholic beverages. | Leased 7,932 square feet | Represented by Vivian Gonzalez and John Marshall of Cushman and Wakefield
  • Aroma 360 – A luxury scenting company that provides scenting solutions for homes, businesses, and commercial spaces – even cars. | Leased 9,588 square feet | Represented by Gridline Properties
  • Supply Caddy – A leading global manufacturer and supplier of packaging and disposables for the food service industry. | Leased 4,298 square feet | Represented by Carlyle Coffin of Stream Realty Partners – Florida
  • Touchland LLC – An award-winning lifestyle brand that produces a unique hand sanitizing mist experience in a variety of scents. | Leased 2,927 square feet | Represented by Emilia Howard of Gridline Properties
  • Seitrack US – Artist management and booking agency specializing in key areas for artistic development. | Leased 2,625 square feet | Represented by Emilia Howard of Gridline Properties
  • Building Drops – A structural engineering consulting company with a focus on the glazing industry. | Leased 3,375 square feet | Represented by Mateo Romero of Gridline Properties
  • Mircro Design & Sherpa – The two full-service food & beverage design companies will share an office. | Leased 2,550 square feet | Represented by Gridline Properties
  • 4EON – A leading, full-service experiential marketing agency that specializes in merging both the live and digital worlds for top global brands. | Leased 1,334 square feet | Represented by Luca Migliore of Gary Hennes Realtors

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.”

 

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