Co-living development for the creative class is coming to Wynwood

The Collective, a London-based developer of co-living apartment buildings, and Metro 1 founder Tony Cho are behind the $210M project

Miami /
Jun.June 23, 2019 03:00 PM

Wynwood (Credit: Metro 1)

The Collective acquired property in Miami’s Wynwood neighborhood for development of a co-living apartment building with art-oriented programming.

The London-based company said in a press release it will invest in the $210 million Wynwood project in partnership with Tony Cho, founder of commercial brokerage Metro 1.

Founded in 2010, The Collective has more than 8,000 co-living units in operation or under development and has raised more than $800 million to fund its expansion across the United States, the United Kingdom and continental Europe.

The Wynwood development at 2825 Northwest Second Avenue will range in height from eight to 12 stories. The Collective, which did not disclose a planned number of residential units, said the building would include a street-level gallery, restaurant and pop-up retail space.

“The programming will be focused on arts and maker culture, providing a home for rising talent in the neighborhood, and the creative’s lifestyle,” the company said.

In addition to its development site in Miami, The Collective has three development sites in New York City and recently got permits to build a 170,000-square-foot co-living project on a site in the Chicago Loop.

The company’s largest co-living building will open next month with 705 members at Canary Wharf in London. – Mike Seemuth


Related Articles

arrow_forward_ios
Oprah Winfrey and (inset) Lawrence Stroll over the unit (Getty)

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse

You get a condo! Billionaire Lawrence Stroll sells Oprah’s former Fisher Island penthouse
Michael Stern and a rendering of the project (Getty, JDS Development/SHoP Archictects)

Michael Stern pays $24M for future site of 62-story Brickell tower

Michael Stern pays $24M for future site of 62-story Brickell tower
Goldman Properties' Jessica Goldman Srebnick with 2501 Northwest 5th Avenue and the lot at 413 Northwest 25th Street, Miami (Getty, iStock)

Goldman Properties buys Wynwood property for discounted $5M

Goldman Properties buys Wynwood property for discounted $5M
Pharrell Williams and David Lerner with a photo of 2545 Northwest Third Avenue and a rendering of the Billionaire Boys Club exterior (Getty, Google Maps, Lerner Family Properties)

Pharrell’s Billionaire Boys Club to open store in Wynwood

Pharrell’s Billionaire Boys Club to open store in Wynwood
1396 Northwest 36th Street with Integra's Paulo Tavares de Melo and EHDOC's Melanie Ribeiro (Photos via Getty; LinkedIn)

Integra, partner move forward with $58M senior housing project in Allapattah

Integra, partner move forward with $58M senior housing project in Allapattah
Angel Febres, partner, Homecookin’ Hospitality and Metro 1 Managing Director Andres Nava

Wynwood nightclub building hits the market

Wynwood nightclub building hits the market
Domio Wynwood, Gustavo Miculitzki, and Jon Paul Pérez (Credit: Alberto Tamargo/Getty Images)

Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M

Related lists Domio Wynwood apartment-hotel for sale with whisper price of $90M
From left: Benjamin Bernstein, Pan Shiyi, and Zhang Xin (Credit: Google Maps, Dickson Lee/South China Morning Post via Getty Images)

Lender closes on RedSky and JZ’s Wynwood assemblage

Lender closes on RedSky and JZ’s Wynwood assemblage
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...