A Brickell-based developer has filed plans for a 12-story office, retail and residential tower in Wynwood.
Wynwood Square aerial from the proposed plans
One Real Estate Investment, founded and led by Jeronimo Hirschfeld, submitted plans for a 277,000-square-foot project called Wynwood Square.
Wynwood’s Design Review Committee was set to consider the development on Tuesday, but Hirschfeld told The Real Deal the item was postponed. As planned, Wynwood Square would include about 26,000 square feet of retail on the ground floor, 51,000 square feet of office space, 200,000 square feet of rental apartments, and about 505 parking spaces.
One Real Estate Investment purchased the nearly 1.8-acre site at 2201 and 2245 North Miami Avenue a year ago. The company paid $15 million, or $192 per square foot, for the land in March 2015.
The city of Miami recently approved new zoning in Wynwood that allows for projects of this size. In October, a slate of changes to zoning and land use designations allowing for denser residential developments on roughly 205 acres in Wynwood went into effect.
Hirschfeld said he is looking to fill a void in the neighborhood for all three uses – residential, office and retail. If all goes according to plan, the project would be completed in about 40 months.
The Next Miami first reported on the project on Tuesday.