wynwood plaza Archives | FIP Commercial

Sep 18 No Comments

12-Story Office Tower At Wynwood Plaza Tops Out

Author: Admin

Categories: Commercial News,Development,Multifamily,Offices,Retail,Wynwood

wywood plaza_photo credit the wynwood plaza dot com 1170x435

L&L Holding Co. and Oak Row Equities, with project partner Shorenstein Properties and co-investor Claure Group, have completed the vertical construction of a 12-story office tower situated within The Wynwood Plaza, a 1 million-square-foot mixed-use campus underway in Wynwood.

Upon completion, the office development will total 266,000 square feet and will feature touchless entry and elevator systems, a dedicated parking garage, fitness club, bar lounge, conference and collaboration spaces and an expansive rooftop. Tenants will include Claure Group and law firm Weitz & Luxenberg, which will occupy 25,400 and 18,000 square feet, respectively.

Located at 95 N.W. 29th St., Wynwood Plaza is scheduled for completion in the first quarter of 2025 and will feature 509 residential units, as well as 32,000 square feet of shops, cafes and restaurants.

Source: RE Business

Mar 06 No Comments

L&L, Oak Row Land New Tenants, Start Construction On 1M SF Wynwood Plaza

Author: Admin

Categories: Commercial News,Development,Multifamily,Retail,Wynwood

Developers broke ground on The Wynwood Plaza on Thursday, a 1M SF mixed-used project that is the largest yet in Miami’s Arts District.

The Wynwood Plaza at 95 Northwest 29th St. is being developed by L&L Holding Co. and Oak Row Equities, which acquired the site — where the former Rubell Museum once stood — in December 2021 for $53M. California developer Shorenstein Properties and Claure Group, the family office of former SoftBank and Sprint CEO Marcelo Claure, joined the project as partners.

The development team held a groundbreaking ceremony Thursday evening commemorating the start of construction after securing a $215M loan from Bank OZK, according to a press release.

“Recognizing the need to create something of lasting value to Miami, we assembled an all-star team capable of cultivating an environment that is every bit as unique, artistic and sophisticated as the colorful neighborhood that surrounds it,” L&L co-founders David Levinson and Robert Lapidus said in a joint statement.

When it opens, which is expected to be in 2025, the Gensler-designed Wynwood Plaza will feature a 509-unit apartment building, 32K SF of retail, 6,600 SF of outdoor dining and a half-acre public plaza designed by renowned landscape architecture firm James Corner Field Operations, which designed Brickell’s Underline and Manhattan’s High Line.

Source: Bisnow

Jan 22 No Comments

Wynwood Plaza Project Scores $215M Construction Loan

Author: Admin

Categories: Commercial News,Development,Multifamily,Offices,Retail,Wynwood

In yet another sign that lenders are still confident in the South Florida market, a mixed-use office development in Wynwood secured a $215 million construction loan.

Little Rock, Arkansas-based Bank OZK provided the loan to L&L Holding Company, Oak Row Equities, San Francisco-based Shorenstein Properties and Marcelo Claure’s Miami-based Claure Group for the Wynwood Plaza, a 1-million-square-foot office, apartment and retail project planned for 95 Northwest 29th Street in Miami.

The assemblage is anchored by the former Rubell Family Collection properties. Rubell moved its museum to a new space in Allapattah.

Newmark’s Dustin Stolly and Jordan Roeschlaub represented New York-based L&L and Oak Row in finding additional partners, according to a press release. Berkadia’s Scott Wadler and Michael Basinski arranged the construction loan. Bank OZK and other lenders have been providing large loans in South Florida, despite the challenging interest rate environment and the trend of banks pulling back overall.

Construction of the Wynwood Plaza will begin “immediately,” according to the release. The development could be completed in 2025. It includes a 12-story, 266,000-square-foot office building, a 509-unit luxury rental building, 32,000 square feet of indoor and outdoor retail space, and a 26,000-square-foot public plaza. Gensler is the architect and James Corner Field Operations is designing the outdoor spaces.

Source: The Real Deal

Apr 18 No Comments

Strong Demand For Office Space At Wynwood Plaza, Utilities Deal Inked

Author: Admin

Categories: Commercial News,Offices,Wynwood

The developers of The Wynwood Plaza have signed a deal for water and sewer utilities.

Active negotiations for 75,000 square feet of office space at the project are now underway, according to a release last month by representatives of co-developer Carpe Real Estate Partners.

Some of the world’s “most creative companies” are among those who have expressed interest in the new project, Carpe said.

Records show that the developer signed a deal for water and sewer utilities at the site late in late March. Demolition is already underway there.

According to the newly signed utilities agreement, Wynwood Plaza will include:

212,962 square feet of office space
509 apartments
25,550 square feet of retail

Plans previously submitted to the city also show a landscaped 25,000 square-foot outdoor public plaza, and a parking garage with 668 car spaces and 954 bike spaces.

Source: The Next Miami

Jan 03 No Comments

Wynwood Plaza Development Set After $50 Million Sale Of Former Rubell Art Museum Site

Author: Admin

Categories: Commercial News,Development,Multifamily,Offices,Retail,Wynwood

A multimillion-dollar property deal sets the stage for transformation of an abandoned corner in Wynwood Norte to begin next spring.

Carpe Real Estate Partners and L&L Holding Company, both New York-based development firms, acquired three acres at the northeast corner of Northwest First Avenue and Northwest 29th Street on Tuesday for about $50 million, said Carpe Real Estate co-founder and managing partner Erik Rutter.

Designed by architectural firm Gensler, Wynwood Plaza would bring 12- and 8-story buildings with 509 apartments to the neighborhood, 266,000 square feet of offices, 32,000 square feet of commercial-retail uses, and parking for about 668 vehicles. Cnstruction is expected to begin in April with a completion date sometime in late 2023

Source: Miami Herald

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Tag: <span>wynwood plaza</span>

12-Story Office Tower At Wynwood Plaza Tops Out

L&L, Oak Row Land New Tenants, Start Construction On 1M SF Wynwood Plaza

Wynwood Plaza Project Scores $215M Construction Loan

Strong Demand For Office Space At Wynwood Plaza, Utilities Deal Inked

Wynwood Plaza Development Set After $50 Million Sale Of Former Rubell Art Museum Site

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