Here are the residential projects planned for Miami’s Wynwood

Developers spent nearly $300M buying property between March 2021 and May

Miami /
Jun.June 06, 2022 10:30 AM
Leaflet map created by Adam Farence | Data by © OpenStreetMap, under ODbl.

Developers seem to agree: Wynwood is a winning bet.

Similar to other areas of Miami, developers are descending into the neighborhood and have over a dozen projects at various stages in the pipeline. An analysis by The Real Deal found that over 2,200 apartments and condos are coming to Wynwood. That number will likely rise as developers reveal unit amounts for other projects.

Developers spent just shy of $300 million in land acquisition alone between March 2021 and May 2022. By comparison, developers spent $366 million for land in Brickell and $555 million in Edgewater.

Here are the projects planned in Wynwood:

Ironstate Development and Brookfield Properties, 26 Northeast 27th Street

Hoboken, New Jersey-based Ironstate Development, led by brothers David and Michael Barry, and Brookfield Properties proposed a 289-unit apartment complex on the former Art by God site. Last year, they paid $15.6 million for the entire assemblage at 26 and 60 Northeast 27th Street, and 25 and 61 Northeast 26th Street.

Gamma Real Estate, 2825 Northwest Second Avenue

New York-based Gamma Real Estate took control of the site from The Collective, after placing a credit bid. Current plans for the property call for 180 units, ranging from studios to six-bedroom apartments.

Clearline Real Estate, 2000 and 2021 North Miami Avenue

Clearline, led by Jenny Bernell, plans a mixed-use project, likely including rentals. The undeveloped property is zoned for more than 300 units.

Fifield Companies, 37 Northeast 27th Street

Fifield plans an eight-story, 210-unit apartment building with about 10,000 square feet of retail and a pedestrian paseo. The Chicago-based developer paid $19.5 million for the property in January. Construction is expected to be completed in 2024.

L&L Holding Company and Carpe Real Estate Partners, 31 Northwest 29th Plaza

New York developers L&L Holding Company and Carpe Real Estate Partners plan a mixed-use project that would span over 1 million square feet and include 509 units.

Rilea Group and Promanas Group, 94 Northeast 29th Street

Rilea Group and Promanas Group plan to build 127 rentals at 94 and 100 Northeast 29th street. Plans call for a 12-story project with a rooftop restaurant and a pool bar. The developers bought the properties for $12.2 million last year.

TriStar Capital, Related Group, Lndmrk Development, Tricera Capital, 2700 Northwest Second Avenue

TriStar Capital, Related Group, Lndmrk Development and Tricera Capital plan to build more than 300 units. The developers paid $26.5 million for the 1.3-acre development site last year. Construction could begin in August.

PMG and Greybrook Realty Partners, 2431 Northwest Second Avenue

PMG and Greybrook Realty Partners scored a $142.3 million construction loan last year for their planned 318-unit, 10-story mixed-use project.

Related Group, 2130 North Miami Avenue, 38 Northwest 22nd Street

Related Group plans to build a pair of 12-story buildings with 317 apartments and 534 parking spaces.

Kushner Companies, Block Capital Group, 127 Northwest 27th Street

Kushner Companies and Block Capital Group are building a project that will have 152 apartments and 232 parking spaces, an outdoor pool deck and lounge. It’s expected to be delivered in the third quarter of this year.





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