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

Five sellers are in contract to sell 15 parcels on 29th Street and 1st Avenue

Miami /
Jun.June 24, 2020 03:40 PM
From left: Erik Rutter, David Weitz, David Levinson and Robert Lapidus, with 95 Northwest 29th Street (Credit: Google Maps)

From left: Erik Rutter, David Weitz, David Levinson and Robert Lapidus, with 95 Northwest 29th Street (Credit: Google Maps)

UPDATED, June 24, 6:20 p.m.: L&L Holding Company is expanding outside of Manhattan for the first time, partnering with Carpe Real Estate Partners in Miami to build a mixed-use project in Wynwood.

The two firms are under contract to buy a 3-acre assemblage anchored by the former Rubell Family Collection property on Northwest 29th Street and First Avenue, according to Erik Rutter and David Weitz, co-founders of Carpe Real Estate.

The joint venture plans to close on the 15-parcel assemblage in about a year, and is working with five sellers, according to Rutter and Weitz. Among them is the Rubell family, which moved its Rubell Family Collection to Allapattah. Both L&L and Carpe Real Estate declined to provide the total purchase price.

Plans for the site include 800,000 square feet of development with a Class A office tower, indoor and outdoor retail space, and a luxury residential building, according to a release.

Jeff Cohen of Brown Harris Stevens Miami and Stefano Santoro of Apex Capital Realty are involved in the deal.

Carpe Real Estate is the developer of the Oasis in Wynwood, a mixed-use adaptive reuse project under construction at 2335 North Miami Avenue. Spotify is anchoring that development, taking all of the 20,000 square feet of office space.

L&L, led by chairman and CEO David Levinson and co-founder Robert Lapidus, is building 425 Park Avenue, a 670,000-square-foot office tower in New York City that’s designed by Norman Foster; as well as TSX Broadway, a $2 billion mixed-use development in Times Square.


Related Articles

arrow_forward_ios
Renderings of The Wynwood Plaza with L&L’s David Levinson and Robert Lapidus, Oak Row’s Erik Rutter and David Weitz, Marcelo Claure and Shorenstein’s Matt Knisely
Wynwood Plaza project scores $215M construction loan
Wynwood Plaza project scores $215M construction loan
A photo illustration of Jackie Soffer and Rock Soffer along with the Wynwood properties (Getty, Google Maps, Turnberry Associates)
Turnberry turns to Wynwood, plans mixed-use hotel project
Turnberry turns to Wynwood, plans mixed-use hotel project
Brick & Timber’s Glenn Gilmore and Jesse Feldman, Lndmrk Development’s Alex Karakhanian and Tricera Capital’s Ben Mandell with Cube Wynwd (LinkedIn, Tricera, Lndmrk Development, Getty, Google Maps)
Brick & Timber closes on $62M purchase of Cube Wynwd
Brick & Timber closes on $62M purchase of Cube Wynwd
A street view of the development site at 475 Northwest 36th Street in Wynwood Norte with Evolve Companies’ Joe McKinney and Mike Winstead Jr. (Google Maps, Evolve Companies)
Evolve doubles down on apartment development in Wynwood Norte
Evolve doubles down on apartment development in Wynwood Norte
Moishe Mana with Mana Wynwood (Getty, Google Maps)
Moishe Mana scores $275M credit line for Wynwood portfolio
Moishe Mana scores $275M credit line for Wynwood portfolio
Photo illustration of Bazbaz Development's Sonny Bazbaz along with a rendering of the planned development at 2134 North Miami Avenue in Wynwood (Getty, Bazbaz Development, LoopNet)
Bazbaz buys Wynwood development site for mixed-use project
Bazbaz buys Wynwood development site for mixed-use project
Third Point’s Dan Loeb and Livwrk's Asher Abehsera 2050 North Miami Avenue (Third Point, Livwrk, Google Maps, Getty)
Billionaire Dan Loeb selling Wynwood site to Brooklyn developer
Billionaire Dan Loeb selling Wynwood site to Brooklyn developer
Andrew Zobler with a rendering of the NoMad Residences project in Wynwood
Farsighted: Andrew Zobler talks hotel market, surviving the dip and more
Farsighted: Andrew Zobler talks hotel market, surviving the dip and more
arrow_forward_ios

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

Loading...