No Comments

Rilea Group Plans Short-Term Rental In Wynwood

Rilea Group has proposed an apartment building in Miami’s Wynwood neighborhood that would be exclusively for short-term rentals.

The Wynwood Design Review Board will consider plans for The Rider on the 31,358-square-foot site at 100 N.E. 29th St. and 101 N.E. 28th St. on Oct. 12. The Rider LLC, an affiliate of Miami-based Rilea Group and Michigan-based Promanas Groupacquired the property for $12 million in 2021.

It currently has a small industrial building on the site, which is located along the FEC Railway. Rilea Group President Diego Ojeda said the project is called The Rider because it’s near the tracks and that Brightline’s expansion plan for local rail will include a station there at some point.

The project would total 237,823 square feet in 12 stories, with 130 apartment/hotel units, 6,439 square feet of retail and 146 parking spaces. There would be a pool and a bar on the roof.

Ojeda said the bar was inspired by Sugar at Brickell City Centre and it should bring more people to the neighborhood, which is already popular with tourists.

The apartments would be placed on short-term rental platforms like Airbnb and, he said.

The units, which will come furnished, would range from 445 to 1,451 square feet. There would be 18 studios, 67 one-bedroom units, 36 two-bedroom units, and nine three-bedroom units.


Source:  SFBJ

© 2024 FIP Commercial. All rights reserved. | Site Designed by CRE-sources, Inc.