Wynwood is getting its own Moxy hotel

David Grutman’s Groot Hospitality will handle the food and beverage operations

TRD MIAMI /
Sep.September 16, 2019 04:30 PM
 Rendering of the Moxy Hotel, Pierre Charalambides and David Grutman (Credit: Kobi Karp)

Rendering of the Wynwood Moxy, David Grutman and Pierre Charalambides (Credit: Kobi Karp)

UPDATED, Sept. 17, 12 p.m.: DolphinBay Hospitality, a joint venture between Dolphin Capital Partners and Baywood Hotels, closed on the site of a planned Moxy by Marriott hotel in Wynwood, The Real Deal has learned.

The partners paid $11 million, or about $630 per square foot, for the 17,500-square-foot site at 255 Northwest 25th Street, according to Tony Arellano of Dwntwn Realty Advisors. Arellano and Devlin Marinoff brokered the deal.

David Grutman and Groot Hospitality will handle the food and beverage operations for the 120-room hotel’s 28,000 square feet of restaurant space, including a ground-floor restaurant and rooftop concept.

The property will mark the second Moxy hotel in Florida, followed by a 202-room Moxy under construction at 915 Washington Avenue in Miami Beach. The Marriott brand is targeted toward millennials in gateway cities.

The Wynwood Moxy project has site plan approval and construction is expected to begin in the first quarter of next year, said Pierre Charalambides, founding partner of Dolphin Capital Partners. Kobi Karp Architects is the architect and iCrave, a New York City-based interior design firm, is handling the interiors.

The Wynwood hotel will be built east of Second Avenue, a block north of the Related Group and East End Capital’s Wynwood 25 apartment complex.

Dolphin Capital Partners has a portfolio of 12 large-scale residential resorts under development in Greece, Cyprus, Croatia and Turkey, according to its website. In 2016, the hospitality development firm sold the Playa Grande Golf and Resort project and its Aman resort, both in the Dominican Republic, for $150.5 million to Third Point LLC, a New York-based hedge fund founded by Dan Loeb.

Baywood Hotels, which will manage the Wynwood Moxy, has been active in South Florida. The Columbia, Maryland-based hotel firm, led by Chris Desai, owns and operates more than $1 billion in assets, according to its website. Earlier this year, Baywood paid $10.5 million for land within the Waterford at Blue Lagoon office park where it’s planning a 225-room hotel.

A number of apartment and office projects are under construction or have recently been completed in Wynwood, but no new hotels have been built.

Philip Levine and Scott Robins are planning a 90-key hotel with 92 apartments at 35 Northwest 27th Street, and Alex Karakhanian and Wynwood Investment Partners are planning a 12-story, 125-room hotel with office and retail at 51 Northwest 29th Street. Last year, developers Eduardo Vargas and Andres Hogg filed plans for a five-story, 72-key hotel at 111 Northwest 26th Street, also near the Wynwood Walls.

An earlier version of this story incorrectly stated the square footage of the land and the food and beverage space. 


Related Articles

arrow_forward_ios
Lennox Miami Beach

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit

Lennox Miami Beach hotel exec sues father-in-law for ousting him: lawsuit
citizenM founder Rattan Chadha, Russell Galbut and a rendering of 1212 Lincoln

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project

CitizenM buys hotel portion of Crescent Heights’ 1212 Lincoln project
Foyer Wynwood and Jonathon Yormak

East End Capital scores approval for co-living project in Wynwood

East End Capital scores approval for co-living project in Wynwood
1 Hotel South Beach (Credit: Google Maps)

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement

Starwood Capital affiliate sues 1 Hotel & Homes South Beach condo association for trademark infringement
From left: Erik Rutter, David Weitz, David Levinson and Robert Lapidus, with 95 Northwest 29th Street (Credit: Google Maps)

Luxury office, resi project planned for former Rubell museum in Wynwood

Luxury office, resi project planned for former Rubell museum in Wynwood
Alex Karakhanian and Chaim Cahane with 48 Northwest 25th Street

Alex Karakhanian sells Wynwood property for $17M

Alex Karakhanian sells Wynwood property for $17M
Ziel Feldman and Richard Branson with renderings of the Shore Club (Credit: Getty Images)

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished

The breakdown: Inside Virgin Hotels’ $330M vision for South Beach and how it vanished
Al Patel, President of Baywood Hotels and 1101 Northwest 57th Avenue (Credit: Google Maps)

Baywood scores $31M loan to build hotel near Miami International Airport

Baywood scores $31M loan to build hotel near Miami International Airport
arrow_forward_ios

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

Loading...