Related Group submits plans for mixed-use apartment project in Wynwood
The Related Group and Block Capital Group have submitted plans for a mixed-use apartment project in Wynwood.
Wynwood 26, at 51 Northwest 26th Street, joins a handful of new proposals aimed at adding new residents to Wynwood. As planned, the development will have 174 apartments, a courtyard, rooftop, paseo and murals. It marks the first in Wynwood for the Related Group.
Arquitectonica is designing the five-story building. Apartments will have Juliet balconies, which means the balcony doors open up to a railing, like in “Romeo and Juliet.” The project site is 1.2 contiguous acres on 26th and 27th streets.
The zoning requires 254 parking spaces, but the developer, Wynwood 26th Street Owner LLC, is requesting a waiver that would allow for 75 fewer spaces, bringing the total number to 179 spaces in the mezzanine level, according to the Next Miami. Thor Equities is also requesting a parking reduction via waiver for its Wynwood project.
While the neighborhood has transformed in recent years, a wave of planned apartment buildings will further that transformation. In the past month, Thor, East End Capital and RedSky Capital have all proposed projects with apartments and commercial space.
Block Capital Group, an active investor in Wynwood, is a joint venture between the Miculitzki family and Cabi Developers. Related purchased a 50 percent stake in the development in December.
“We have had our eye on Wynwood for a while and when the Miculitzki’s approached us with the property, we realized the size and niche location would allow us to develop something special,” Lissette Calderon, Related’s president of International & Strategic Projects, said in a statement to TRD. “Our vision was influenced by other great neighborhoods like the Meatpacking District in New York and Mission District in San Francisco.”
Miami’s Urban Design Review Board will review Related and Block Capital’s plans at its next meeting July 25, and will go before the Wynwood Design Review Committee tomorrow, a city spokesperson told The Real Deal.
Wednesday’s design review meeting will also address plans for 222 Wynwood and Wynwood 25, both mixed-use projects.
Block Capital could not be reached for comment.