Wave Group Development, Vitrium Capital and Zambala Luxury Apartments are teaming up on a planned short-term rental-friendly condo project in Miami’s Wynwood neighborhood, The Real Deal has learned.
The partners are launching sales for the eight-story, 49-unit Duos Wynwood, slated for 335 Northwest 28th Street, according to a news release. The project will allow owners to rent their units for stays as short as one night, making it the latest addition to the neighborhood’s growing pipeline of short-term-rental friendly developments.
The developers tapped architecture firm MKDA and interiors firm AvroKo to design Duos. The project’s units will span between 400 and 900 square feet, and range from studios to two bedrooms, the release shows. Amenities at Duos will include a fitness center, coffee bar and co-working spaces. It will have 3,000 square feet of ground-floor retail. Construction is expected to begin later this year, with completion anticipated for 2028.
Brown Harris Stevens is leading sales and marketing for the project, and prices range from $500,000 to over $1 million, the release shows.
Wave is led by principal Alessandro Ferretti and based in Miami Beach. Vitrium is led by CEO Federico Gagliardo and has offices in Miami, Paraguay, Uruguay and Argentina. Zambala is an Italian apartment-hotel platform headquartered in Milan.
The project is one of several short-term-rental friendly condo developments planned in Wynwood. In January, PMG and Lndmrk Development launched sales for a Frida Kahlo-branded complex dubbed Frida Kahlo Wynwood Residences, which will have 244 units and allow for short-term rentals. That’s in addition to the planned 233-unit Twenty Sixth & 2nd Wynwood Residences, another short-term-rental friendly project PMG and Lndmrk launched last year.
Rilea Group launched the rock-n-roll themed Rider at Wynwood in 2024, a 146-unit planned complex that will also allow short-term rentals.