Sonder inks lease for flagship Wynwood hotel

Partners to break ground on 72-key hotel next year

Miami /
Dec.December 02, 2019 08:00 AM
Rendering of One Eleven Wynwood Hotel by Sonder and Eduardo Vargas, Andres Hogg and Andres Klein

Rendering of One Eleven Wynwood Hotel by Sonder and Eduardo Vargas, Andres Hogg and Andres Klein

The hospitality market in Wynwood is heating up.

Sonder, a San Francisco-based startup that leases apartments and rents them out on a short-term basis, signed a lease for a new hotel development near the Wynwood Walls, The Real Deal has learned.

The short-term rental operator will manage the 72-key project at 111 Northwest 26th Street in the artsy Miami neighborhood. Andres Klein, founder and principal of BH Investment Group; New York developer Andres Hogg of Hogg Holdings; and Wynwood investor and former gallery owner Eduardo Vargas are developing the hotel, called One Eleven Wynwood Hotel by Sonder.

The announcement comes a week after Domio said it was taking over the residential component of the Related Group and Block Capital Group’s 175-unit project at 51 Northwest 26th Street, also in Wynwood. Sonder was among the short-term rental operators that was interested in leasing that property.

Earlier this year, Sonder reached unicorn status when it closed on a $210 million funding round that valued the startup at $1 billion. Investors in the company include Fidelity, the Pritzker family through Tao Capital Partners, Alex Rodriguez’s A-Rod Corp. and Valor Equity Partners.

In Miami, Sonder leases units in the Grove 27 apartment building in Coconut Grove; at 250 Collins Avenue in Miami Beach;  at Icon Brickell; at 568 Northeast 66th Street in the MiMo District; and at an existing apartment building at 2601 Northwest First Avenue in Wynwood, according to its website and property records.

Sam Artmann, general manager of Sonder in Miami, said in a release that One Eleven Wynwood will be its flagship property in the Miami market.

The developers plan to break ground on the five-story building early next year. It’s expected to open in the summer of 2021, according to the release.

Each of the 72 rooms will have kitchenettes, and the building will also feature a 6,000-square-foot rooftop pool and dining area, and over 6,000 square feet of ground floor retail space for three to four commercial tenants, including food and beverage operators.

The developers first filed plans for the project last year, without an operator. As part of the Home4Home program, the partnership will donate 72 transitional homes for people living in extreme poverty in Latin America.

DDS Construction will lead construction management, and the project architects are RDR architects with Alain Bartroli Architecture.

Domio will be the first short-term rental/hotel concept to open in Wynwood. A Moxy by Marriott, developed by DolphinBay Hospitality, is also expected to break ground next year.


Related Articles

arrow_forward_ios
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)

Related scores $88M construction loan for Dorsey project in Wynwood

Related scores $88M construction loan for Dorsey project in Wynwood
Ari Pearl, Jonathan Leifer and 9540 West Bay Harbor Drive. (Wyndam Hotels, PPG Development, L3C Capital Partners)

Ari Pearl, Jonathan Leifer acquire Bay Harbor Islands hotel out of foreclosure

Ari Pearl, Jonathan Leifer acquire Bay Harbor Islands hotel out of foreclosure
From left: Tom Brady and Gisele Bündchen; Pharrell Williams; Sylvester Stallone and Jennifer Flavin; Jared Kushner and Ivanka Trump (Getty, iStock)

South Florida’s biggest real estate stories of 2020

South Florida’s biggest real estate stories of 2020
Shelborne South Beach and Seagull Hotel (Shelborne, Google Maps)

Here are South Florida’s biggest hotel sales in 2020

Here are South Florida’s biggest hotel sales in 2020
The Gale Hotel with Harvey Hernandez

Banyan Investment buys Gale Fort Lauderdale hotel from Harvey Hernandez

Banyan Investment buys Gale Fort Lauderdale hotel from Harvey Hernandez
Francisco Martinez Miyashiki (forefront) and Francisco Martinez Celeiro with 16805 Northwest 12th Avenue (Linkedin, Wikipedia Commons, Google Maps)

Former actor sells Miami Gardens hotel for $6M

Former actor sells Miami Gardens hotel for $6M
Paul Lardi and 200-212 Collins Avenue (Linkedin, Alex Zylberglait/Marcus & Millichap)

South Beach property sells for $6M, buyer plans apartment-hotel

South Beach property sells for $6M, buyer plans apartment-hotel
Ben Bernstein and Ryan Shear with a rendering of the project at 2407 Northwest 2nd Avenue, Miami (RedSky, PMG, Google Maps)

PMG adds to assemblage of planned Society Wynwood project

PMG adds to assemblage of planned Society Wynwood project
arrow_forward_ios

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

Loading...