Lease roundup: Gateway at Wynwood, Goodtime Hotel score tenants

In other deals, maritime investor The Yacht Portfolio will open a new HQ in Fort Lauderdale

Miami /
May.May 09, 2022 09:45 AM
The Gateway at Wynwood office building at 2916 North Miami Avenue with R&B Realty Group CEO Aron Rosenberg (LinkedIn, R&B Realty Group)

The Gateway at Wynwood office building at 2916 North Miami Avenue with R&B Realty Group CEO Aron Rosenberg (LinkedIn, R&B Realty Group)

OpenStore, Baseline, Daliyah and Mizu Rooftop Garden I The Gateway at Wynwood

Tech e-commerce firm OpenStore has more than doubled its office space at The Gateway at Wynwood four months after first relocating to the office building.

The 13-story property, at 2916 North Miami Avenue in Miami’s Wynwood neighborhood, also scored two new tenants.

OpenStore expanded its space by 26,000 square feet, meaning it now leases more than 40,000 square feet, after originally moving its office to The Gateway from the Wynwood Annex in January.

Single-family rentals investor Baseline took 5,000 square feet of office space; and Mediterranean-Asian-Fusion steakhouse Daliyah and Mizu Rooftop Garden leased 6,000 square feet of ground-floor retail and the almost 3,000-square-foot rooftop, respectively, according to a news release from The Gateway’s developer.

New York-based R & B Realty Group, led by CEO Aron Rosenberg, completed The Gateway with 195,000 square feet of offices and almost 25,900 square feet of street-level retail in December and opened it in January. The Kobi Karp-designed building includes a gym and 24/7 security.

Stephen Rutchik led the Colliers team that represented the landlord in the office leases. Alex Cesar and Drew Schaul of CBRE represented the landlord in the retail deal.

OpenStore, which first leased more than 14,000 square feet, buys Shopify businesses and then uses its software and data to boost sales, striving to allow instant liquidity to the business sellers, according to the release. Keith Rabois, general partner of venture capital firm Founders Fund; Jack Abraham, founder of startup and investment fund Atomic; and Michael Rubenstein, the former president of AppNexus, founded OpenStore. The company temporarily leased space with Atomic and Founders Fund at Wynwood Annex before moving to The Gateway.

Orlando-based Baseline develops and runs short-term and long-term single-family home rentals, according to the release. It has delivered more than 4,000 vacation rentals and 20,000 single-family homes with a combined value of $7 billion.

Mizu will open its rooftop restaurant space in time for this year’s Art Basel, with the downstairs restaurant, Daliyah, opening in summer 2023.

The concept was created by Derrick Orosa’s Dzyne Hospitality and Opso Group, which has other Miami ventures such as Midtown Maü Miami and Kavo Miami. They also partnered with Montréal-based A5 Hospitality, founded by Alexandre Besnard and Patrick Hétu, on the planned restaurants at The Gateway.

Others that have taken space at the building are Danish furniture chain BoConcept, which will open in 3,000 square feet of ground-floor retail in the fall; and oncology biopharmaceutical company Veru, which leased 12,155 square feet for its global headquarters.

Jon & Vinny’s, milk + honey & more I The Goodtime Hotel I Miami Beach

The Goodtime Hotel in South Beach, backed by rapper Pharrell Williams and hospitality tycoon David Grutman, scored eight new tenants.

They are: Jon & Vinny’s, a Los Angeles restaurant offering Italian food; milk + honey spa; juice and smoothie brand Pure Green; designer vintage eyewear store Vintage Frames Company; gym franchise F45; alternative medicine provider Binske, which offers legal cannabis products; the luxury watch and jewelry store VAULT; and swimwear company Vilebrequin, according to a news release from hotel developers Michael Fascitelli and Eric Birnbaum of New York-based Imperial Companies.

The tenants will be opening starting in the second quarter through the second quarter of 2023. Imperial declined to disclose the square footage leased.

The 266-key Goodtime Hotel opened in April of last year at 601 Washington Avenue with roughly 100,000 square feet of public spaces; Grutman’s 30,000-square-foot Strawberry Moon restaurant and pool club; 45,000 square feet of ground-floor retail, a gym and library.
The property includes a 26,000-square-foot amenity deck and 242 valet parking spaces, according to the release.

The developers had paid $36 million for the hotel property in 2015. Designer Ken Fulk also is a project partner.

The Yacht Portfolio I Plaza 100 I Fort Lauderdale

Maritime investment company The Yacht Portfolio will open its new headquarters at the Plaza 100 in downtown Fort Lauderdale. 

The Yacht Portfolio leased a 16,690-square-foot penthouse at 100 Northeast Third Avenue, with plans to move in early next year, according to a news release from the tenant’s broker.

Scott Goldstein and Keith Edelman of CBRE represented The Yacht Portfolio. Doug Okun of JLL represented the landlord.

New York-based Zurich Alternative Asset Management, an arm of Switzerland-based Zurich Insurance Group, bought the 11-story Plaza 100 for $46.5 million in 2015.

The building was constructed in 1985 on 1.9 acres, property records show.

The Yacht Portfolio was previously based in Coconut Grove but subleased its space at 2601 South Bayshore Drive during the pandemic, according to media reports. The Fort Lauderdale lease marks a return to the office for the company.

The Yacht Portfolio, led by CEO Douglas Prothero, has various investments, including The Ritz-Carlton Yacht Collection.

Shawmut Design and Construction I The Square I West Palm Beach

Construction management firm Shawmut Design and Construction opened its second South Florida office at Stephen Ross’ The Square in downtown West Palm Beach. 

Boston-based Shawmut Design leased space at 700 South Rosemary Avenue, according to a news release. The office square footage was not disclosed.

The Square, a mixed-use office and retail development, was rechristened from its most recent moniker of Rosemary Square. New York-based Related Companies, led by Ross, developed the 72-acre complex in 2000, and at the time named the property CityPlace. Related Companies then rebranded it to Rosemary Square as part of a $550 million renovation done in recent years.

Shawmut Design, led by CEO Les Hiscoe, is an employee-owned company valued at $1.3 billion, according to the release. In South Florida, Shawmut Design worked on projects in the Miami Design District, Brickell City Centre and a penthouse renovation at Fontainebleau Miami Beach.

Aside from West Palm, the company has 10 offices nationwide, including one in Miami-Dade County at 10800 Biscayne Boulevard, according to its website.

Tim Barges is Shawmut’s director for South Florida, and Dan Paulus was recently hired to lead regional development efforts.





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