PMG Locks in $413M Financing for Dual-Tower One Twenty Brickell Residences in Miami
Miami’s development momentum shows no signs of slowing down as national developer PMG secures $413 million in construction financing for One Twenty Brickell Residences, a high-profile dual-tower project planned for the heart of Brickell. The financing package, provided by an Ares Real Estate fund and Monarch Alternative Capital, will support all aspects of the development—including luxury condominiums, rental residences, retail, and structured parking.
This latest deal marks a continued collaboration between PMG and its capital partners, who previously joined forces on a financing package for a separate PMG development in Wynwood. Jones Lang LaSalle (JLL), along with PMG’s Capital Markets team, helped structure and secure the financing. PMG is targeting an early May groundbreaking, with delivery scheduled for 2028.
“Obtaining this financing stands as an incredible feat at a time when current market conditions are making development of multifamily towers challenging,” said PMG’s Andrew Warman, who helped lead the transaction.
One Twenty Brickell Residences will consist of two architecturally distinct towers designed by Sieger Suarez Architects, with interiors by Cotofana Designs. The first tower, rising 37 stories, will include 266 fully finished condos—each with a deeded office suite, a unique offering aimed at today’s work-from-anywhere buyer. The second tower, rising 41 stories, will be operated by Sentral and feature 537 rental apartments ranging from studios to three-bedrooms, all outfitted with high-end finishes, smart home tech, and custom Italkraft cabinetry.
PMG reports that the condominium tower is already over 91% sold, a sign of strong market appetite for luxury residences in this key Miami submarket. “Its swift sales success is a testament to the tremendous team at PMG Residential,” noted Dan Kaplan, Managing Partner at PMG.
The project also boasts an impressive amenity package. Residents will enjoy over 100,000 square feet of shared and exclusive offerings, including concierge service, fitness studios, co-working lounges, a juice bar, pickleball court, spa and treatment rooms, and an infinity-edge pool—catering to both social lifestyles and wellness-focused living.
Representatives from both financing firms expressed confidence in the project’s positioning. Ares’ Bryan Donohoe noted that the firm was “pleased to further build on our relationship with PMG,” while Monarch’s Joshua Acheatel said they were “excited to continue [their] relationship with a best-in-class developer.”
PMG’s legal team, along with leading attorneys from Kramer Levin, Saul Ewing, Bilzin Sumberg, and Greenberg, Trager & Herbst, managed the legal structuring of the deal.
Backed by a portfolio that includes E11EVEN® Hotel & Residences, Waldorf Astoria Hotel & Residences Miami, and 111 West 57th Street in NYC, PMG continues to solidify its reputation as a dominant force in the luxury residential market. With One Twenty Brickell Residences, the developer further affirms its commitment to forward-thinking urban development and lifestyle design in Miami’s most desirable neighborhoods.
Amazon Signs Historic Office Lease at Wynwood Plaza
Wynwood is making history with its largest office lease to date. The developers behind Wynwood Plaza have announced that Amazon has officially signed a lease for 50,333 square feet of office space within the campus. This major move comes just over a year after Amazon founder Jeff Bezos announced his relocation to Miami, further solidifying the city’s status as a hub for high-profile companies.
Amazon’s decision to establish a presence at Wynwood Plaza underscores the growing appeal of Miami’s business district. Andrew Trench, Managing Director at Cushman & Wakefield, expressed enthusiasm about the lease agreement, stating, “We are extremely excited to welcome Amazon to Wynwood Plaza and are already receiving indications that many more will follow.”
Developers L&L Holding Company and Oak Row Equities echoed this optimism, emphasizing their confidence that Miami’s rapid economic expansion will continue to attract top-tier companies to the area.
Amazon joins an impressive list of tenants already committed to Wynwood Plaza, including:
Claure Group – 25,400 square feet
Weitz & Luxenberg – 18,000 square feet
The 12-story office tower, which is set to offer 266,000 square feet of Class AAA office space upon completion, is poised to become a premier destination for businesses looking to establish a presence in Miami.
Wynwood Plaza is more than just a business hub—it’s a mixed-use development designed to enhance the neighborhood’s vibrant culture. The campus includes Wynwood Plaza Residences, a high-end rental community featuring 509 luxury apartments, along with 45,000 square feet of indoor and outdoor amenities. This building is now nearing completion.
Additionally, the project will feature a 26,000-square-foot public plaza at street level, designed by Field Operations—the urban design team responsible for NYC’s High Line and Miami’s The Underline. The plaza will be surrounded by 25,000 square feet of retail space, hosting a mix of indoor and outdoor dining, boutique storefronts, convenience spots, and fast-casual restaurants.
Wynwood Plaza’s leasing team was led by Bryan Lapidus of L&L Holding Company, along with Andrew Trench, Edward Quinon, and Brian Gale of Cushman & Wakefield.
Shorenstein Investment Advisers is a project partner, while Claure Group has also taken on a co-investor role, further reinforcing the strength and appeal of Wynwood Plaza.
With Amazon’s historic lease and a growing list of prestigious tenants, Wynwood Plaza is rapidly becoming one of Miami’s most sought-after office destinations. As Miami’s business landscape continues to flourish, this development is set to play a crucial role in the city’s next phase of corporate growth and innovation.
Related Group and Tricap Top Off on NoMad Residences Wynwood- The First Residential Concept from NoMad Hotels
Leading real estate developer Related Group, in collaboration with Manhattan-based developer Tricap, marked a significant milestone with the “topping off” ceremony for NoMad Residences Wynwood, the debut residential project by the iconic NoMad Hotels and its parent company, Sydell Group. Situated in the heart of Miami’s vibrant Wynwood Arts District, the nine-story luxury condominium tower has already seen over 80% of its residences contracted. With Beauchamp Construction overseeing the build, the project is on track for completion in Q4 2025.
Designed by the renowned architectural firm Arquitectonica and featuring interiors by DesignAgency, NoMad Residences Wynwood offers a curated collection of 329 fully furnished homes, ranging from chic studios to spacious two-bedroom residences. Each unit is designed with the NoMad brand’s signature touch of luxury, including floor-to-ceiling windows, private balconies, and high-end finishes. Adding to the appeal, the building imposes no rental restrictions, allowing homeowners to easily rent out their units with the support of an in-house management team handling all aspects of guest services.
Nick Pérez, President of Related Group’s Condominium Division, expressed the company’s excitement: “The topping off of NoMad Residences Wynwood marks a significant step in delivering a truly unique lifestyle experience that reflects the creative spirit of this neighborhood. As we get closer to welcoming our first residents to the NoMad brand’s debut residential project, we’re excited to see our vision come to life and play a part in shaping Wynwood’s future as a destination for art, culture and sophisticated urban living.”
In addition to luxurious residences, NoMad Residences Wynwood will offer premium culinary experiences to the public, including a rooftop restaurant and the renowned NoMad Bar, helmed by James Beard Award-winning chef Leo Robitschek. Residents will also have access to Casa Tua Cucina, a Mediterranean-inspired open-kitchen restaurant. Five-star resort-style amenities complement the building’s offerings, featuring a rooftop lounge, a pool with private cabanas, a fitness center, and the NoMad Library and Lounge for curated events and coworking spaces. The building will also showcase museum-quality art from the Jorge M. Pérez Collection.
Situated in one of Miami’s most dynamic neighborhoods, NoMad Residences Wynwood places residents within walking distance of the area’s renowned art scene, trendy boutiques, and vibrant nightlife. Wynwood boasts over 70 art galleries, luxury shops, and MICHELIN-starred restaurants, making it a cultural hotspot. The iconic Wynwood Walls, adorned with large-scale murals, further enhance the creative energy of the neighborhood.
Society Wynwood Secures $178 Million Refinancing for the Mixed-Use Development
National development powerhouse Property Markets Group (PMG) and Canadian private equity firm Greybrook Realty Partners (Greybrook) have successfully secured $178 million in refinancing for Society Wynwood, a prominent mixed-use development in Miami’s dynamic Wynwood Arts District. This 10-story building, designed by MKDA and located at 176 Northwest 25th Street, is a testament to the innovative vision of PMG and Greybrook. The financing was arranged by Eastdil Secured, with funds provided by Ares Management and Monarch Alternative Capital. Randy Barcelo from Stearns Weaver Miller represented PMG in the transaction.
Since opening its doors to residents in March, Society Wynwood has witnessed rapid leasing success, underscoring its appeal in one of Miami’s most sought-after neighborhoods. The building boasts 318 rental apartments alongside 50,210 square feet of retail space, which spans the entire block on the ground floor. Residents can choose from traditional apartments with efficient layouts or opt for the innovative “Rent-by-Bedroom” co-living option, catering to a variety of living preferences.
One of Society Wynwood’s standout features is its extensive amenities, designed to foster community and elevate the living experience. Over 82,000 square feet of community-focused spaces include a rooftop pool deck with an outdoor gym, theater lawn, hot tub, grilling areas, and a coworking hub equipped with private conference rooms. A modern gym, yoga terrace lawn, smart package lockers, and app-based keys further enhance the convenience and lifestyle of residents.
“It’s been exciting to witness the building’s positive reception since opening, and we’re pleased to project that the property will be stabilized by spring 2025,” said Andrew Warman, Managing Director of Capital Markets at PMG. “We’re thankful for the support of our partners and lenders in securing this refinancing, which will enable us to repay the existing construction loan and continue a successful lease-up.”
The completed building not only offers luxurious amenities but also fosters a strong sense of community. According to Sami Mouaket, Director of U.S. Investments & Developments at Greybrook, “Society Wynwood stands out not only for its attainably priced offering but also for its elevated lifestyle with condo-standard finishes across both co-living and traditional suites. We have seen tenants relocating from within the neighborhood, across the state, country, and even internationally, reflecting the social diversity and continued appeal of Wynwood and Miami more broadly.”
Society Wynwood’s ground floor courtyard is a culinary hub, featuring dining options like Dave’s Hot Chicken, Bodega Taqueria, Chama de Fogo’s Brazilian steakhouse, Nacho Daddy from Las Vegas, Starbucks, Voodoo Donuts, and I Scream Gelato. This vibrant array of offerings contributes to the building’s appeal, drawing both locals and visitors to experience the best of Wynwood’s lifestyle.
As the latest addition to PMG’s national portfolio of Society Living apartment communities, Society Wynwood embodies the brand’s mission to provide reasonably priced rental housing in prime locations while fostering a sense of community. PMG’s Society Living brand, which encourages residents to “Choose Happiness,” is expanding rapidly, with over 8,500 units planned across cities like Orlando, Atlanta, Brooklyn, Denver, Fort Lauderdale, and Nashville. Each property is designed to inspire residents and support personal growth, making Society Wynwood a key player in Miami’s continued evolution as a vibrant, diverse, and appealing city.
Society Wynwood is more than just a place to live; it’s a community where modern amenities, diverse retail offerings, and innovative living solutions converge. With its recent refinancing, Society Wynwood is set to continue its trajectory as a premier destination in Miami’s Wynwood Arts District, attracting residents from near and far to experience the best of urban living.
More Development Secures $76.81 Million Loan for SoWy: A Vibrant, Sustainable Mixed-Use Project in Miami
An international real estate company based in Miami and Nassau, Bahamas, More Development, has secured a significant $76.81 million loan for their latest venture, SoWy. This upcoming mixed-use development is set to transform the Wynwood and Overtown areas, situated north of Downtown Miami. The loan was announced by More Development President Whitney Thier and was provided by JP Morgan Chase.
The SoWy project spans nearly eight acres and includes 26 parcels across six blocks along 2nd Avenue, between NW 20th and 22nd Street. The site offers nearly 2.5 million base buildable square feet, even before considering the provisions of the Live Local Act. Initial plans for SoWy feature flexible and adaptable multi-use indoor and outdoor spaces, all housed within site-specific architectural buildings.
A key aspect of the SoWy development is its integration of residential spaces within a dynamic, creative environment, all while focusing on sustainability. More Development, which maintains an office within the SoWy site, is dedicated to respecting the unique cultural and artistic vibe of Wynwood and Overtown, ensuring seamless integration with the neighborhoods’ atmosphere.
Whitney Thier emphasized this commitment, stating, “More Development values artistry, craftsmanship, and history, and we were drawn to the soul and rich history of the area. With financing in place, we are ready to realize the initial phase of our plans to invigorate the neighborhood with a new vibrant environment where people can live, work, shop, dine, and play in a pedestrian-friendly and art-forward setting. We are eager to be a part of the community and are fully committed to preserving and enhancing the area’s distinctive character and contributing positively to its ongoing evolution. SoWy will build upon Wynwood and Overtown’s unique culture that attracts a diverse mix of residents of all ages and backgrounds.”
Wynwood is renowned for its vibrant street art, trendy galleries, and eclectic mix of shops and eateries. The neighborhood has experienced significant growth in recent years, with visitor numbers rising from 240,000 in 2013 to 15 million annually in 2023, according to the Wynwood Business Improvement District.
Overtown, on the other hand, is recognized for its historical significance and vibrant African-American heritage. Once known as the “Harlem of the South,” Overtown has been a cultural hub for music, arts, and community gatherings. The neighborhood is home to historic landmarks such as the Lyric Theater and hosts numerous cultural events celebrating its legacy.
More Development has a remarkable track record, having developed over seven million square feet of mixed-use property worldwide. The company is well-known for projects such as Baha Mar, a large resort in The Bahamas that includes three luxury hotels, 30 restaurants, bars, lounges, an 18-hole Jack Nicklaus-designed golf course, 10 swimming pools, a world-class spa, and the largest casino in the Caribbean. More recently, they completed Arev St. Tropez, a bespoke luxury hotel in the French Riviera, and are currently developing Mahogany Hill, a collection of luxury condominium residences in Nassau, The Bahamas.
With the SoWy project, More Development is set to enhance the vibrant and culturally rich neighborhoods of Wynwood and Overtown. The project promises to create a new, dynamic environment that respects the unique character of these areas while offering modern, sustainable living spaces. As the development moves forward, it will undoubtedly contribute to the ongoing evolution and growth of Miami.
Expanding Horizons: Morabito Properties’ Wyncatcher Development in Wynwood
In the vibrant heart of Miami’s Wynwood Arts District, a new chapter in urban transformation is unfolding. Morabito Properties, led by developer Valerio Morabito, has embarked on an ambitious expansion of their Wyncatcher development, adding another dimension to the dynamic landscape of this iconic neighborhood.
The recent acquisition of an adjacent warehouse at 2150 NW Miami Court marks a significant milestone for Morabito Properties. This strategic move amplifies the firm’s commitment to redefining urban spaces, breathing new life into forgotten structures. With the support of a $35 million loan from BridgeInvest, Morabito Properties is poised to reimagine Wynwood’s skyline, one building at a time.
Wyncatcher is not just a development; it’s a testament to the fusion of creativity and functionality. Designed to blend seamlessly with Wynwood’s artistic flair, Wyncatcher embodies the spirit of adaptive reuse, transforming once-abandoned spaces into thriving hubs of activity. The existing Wyncatcher I, a boutique mixed-use property, is a testament to this ethos, boasting a distinctive facade adorned with murals by acclaimed artist VHILS.
Now, with the addition of Wyncatcher II, Morabito Properties is poised to set new standards in commercial innovation. Collaborating with Vagabond Architecture, known for their expertise in retrofitting existing buildings, the new structure will redefine the concept of contemporary workspace. From dynamic event spaces to cutting-edge offices and vibrant retail outlets, Wyncatcher II will cater to the diverse needs of Wynwood’s burgeoning community.
At the heart of this development lies a commitment to fostering collaboration and growth. Knotel, a flexible workspace operator backed by Newmark, has already committed to leasing Wyncatcher I, signaling confidence in Wynwood’s future as a premier business destination. With its elegant design and prime location, Wyncatcher I promises to be a magnet for innovation and creativity, offering a home for forward-thinking companies seeking to thrive in Wynwood’s dynamic ecosystem.
Valerio Morabito, CEO of Morabito Properties, encapsulates the vision driving this ambitious project. “Wynwood has evolved into a cultural hub where people want to spend their days,” he remarks. “Wyncatcher will be the community for it all.” Indeed, as Wynwood continues to attract millions of visitors annually, the expansion of Wyncatcher heralds a new era of growth and opportunity for this vibrant neighborhood.
BridgeInvest, the financing partner behind this endeavor, shares Morabito Properties’ vision for Wynwood’s future. Managing Partner Alex Horn highlights the synergy between creative financing and innovative development, underscoring the transformative impact of projects like Wyncatcher on the fabric of Wynwood’s urban landscape.
From its humble beginnings as a warehouse district, Wynwood has blossomed into a global destination for art, fashion, and innovation. With leading tech companies and top-tier hospitality offerings, Wynwood is a testament to Miami’s dynamism and diversity. And as the neighborhood continues to evolve, projects like Wyncatcher serve as beacons of progress, reshaping the city’s skyline and redefining urban living for generations to come.
Rilea Group Unveils The Rider at Wynwood
Miami’s Wynwood district, already renowned for its vibrant culture and artistic flair, is about to welcome a new icon to its skyline – The Rider at Wynwood. Developed by the esteemed Rilea Group, this high-end condominium promises to redefine the concept of urban living with its fusion of rock ‘n’ roll history and cutting-edge luxury.
Situated at 94 NE 29th Street, The Rider at Wynwood stands as a testament to Miami’s most exhilarating neighborhood. Boasting 12 stories and 146 turnkey units, this boutique building breaks boundaries with an atmosphere steeped in rock ‘n’ roll history and an amenity collection that embodies both relaxation and rebellion. What sets it apart is the unparalleled sense of freedom it offers to buyers – the freedom to rent out their units either short-term or long-term without restrictions, providing an unparalleled investment opportunity.
The development’s prime location ensures not just exclusivity but also connectivity. With the upcoming Brightline high-speed rail stop just steps away, residents will enjoy seamless access to various destinations, including Aventura, Fort Lauderdale, and even Orlando. The convenience of connectivity is matched only by the luxury of choice – residents can opt for full- or part-time living while renting out their units through platforms like Airbnb or take advantage of The Rider at Wynwood’s in-house rental management service.
At The Rider at Wynwood, every detail is designed to evoke the spirit of rock ‘n’ roll. From the curated collection of iconic 1970s rock photography adorning the common areas to the themed amenities paying homage to music legends, each element adds to the building’s unique allure. Residents can start their day at the “Ready, Set, Café,” hit the gym while rocking out to AC/DC, pamper themselves at the “Backstage” beauty room, or chill out in “The Vinyl” hi-fi listening room. The crown jewel, however, is the rooftop pool deck, offering breathtaking views of the city and a standout restaurant and speakeasy bar for the ultimate indulgence.
With prices ranging from the $600,000s to upwards of $1.8 million, The Rider at Wynwood offers fully furnished studios, 1-, 2-, and 3-bedroom residences, each boasting open living areas, gourmet kitchens, spa-inspired baths, and smart home technology. Designed by Deforma Studio, the building seamlessly blends Miami’s vibrant Wynwood flavor with the industrial aesthetic of cities like Chicago and New York. Adorned with commissioned murals and graffiti art, it’s not just a residence but a living, breathing work of art.
Beyond its luxurious amenities and stunning design, The Rider at Wynwood embodies the spirit of its neighborhood – a neighborhood that’s constantly evolving, fueled by creativity and innovation. As part of the Wynwood Business Improvement District, the development contributes to the area’s transformation into a leading destination for culture, creativity, and community. With neighboring projects like Mohawk at Wynwood on the horizon, the district’s allure only continues to grow.
The Residences at The Wynwood Plaza: A New Standard of Luxury Living in Miami’s Wynwood Arts District
L&L Holding Company and Oak Row Equities, in collaboration with project partner Shorenstein Properties and co-investor Claure Group, have achieved a significant milestone in the development of the Residences at The Wynwood Plaza. Situated in the heart of Miami’s vibrant Wynwood Arts District, this luxury development community is part of a sprawling one-million-square-foot mixed-use campus that promises to redefine urban living in the area.
Designed by the renowned architectural firm Gensler, the Residences at The Wynwood Plaza will offer 509 meticulously crafted units, ranging from spacious studios to two-bedroom apartments. Each unit will boast floor-to-ceiling windows, state-of-the-art appliances, luxurious finishes, and flexible layouts, ensuring a living experience that combines comfort and sophistication.
The Residences will feature an expansive residential amenity program aimed at enhancing the quality of life for its residents. Multiple connected rooftops will host a variety of facilities, including a designated fitness area, a multi-purpose sports court, two outdoor pools, a sauna, a hot tub, and a cold plunge pool. Additionally, residents will have access to a glass atrium with co-working spaces, private phone rooms, a game lounge, and a modern fitness center equipped with top-of-the-line equipment.
At the heart of The Wynwood Plaza project lies a commitment to fostering a vibrant community that celebrates art, culture, and innovation. A 26,000 square-foot public plaza, designed by urban design practice Field Operations, will serve as a gathering space adorned with sculptures, art installations, native trees, and lush greenery. Surrounding the plaza will be 32,000 square feet of retail space, offering a diverse array of dining options, lifestyle boutiques, and convenience stores.
The success of The Wynwood Plaza project is a testament to the collaboration between L&L Holding Company, Oak Row Equities, Shorenstein Properties, and Claure Group. With a shared vision of creating a dynamic destination that reflects the spirit of the Wynwood Arts District, these partners have worked tirelessly to bring this project to fruition.
As construction progresses ahead of schedule, anticipation is building for the completion of The Wynwood Plaza in Q1 2025. Once finished, this transformative development will not only set a new standard for luxury living in Wynwood but also contribute to the neighborhood’s ongoing evolution as a cultural hub and economic center.
With its blend of luxury residences, world-class amenities, and vibrant community spaces, The Wynwood Plaza is poised to become a cornerstone of Miami’s dynamic landscape for years to come.
Introducing Wynwood Station: Miami’s Newest Luxury Mixed-Use Development
Miami’s skyline is ever-evolving, and the latest addition to its vertical landscape is the much-anticipated Wynwood Station. Situated just 2.4 miles from downtown Miami, this eight-story mixed-use development is poised to redefine modern urban living in one of the city’s most vibrant neighborhoods.
Wynwood Station promises an unparalleled living experience with its 210 luxury units, ranging from cozy studios to spacious two-bedroom residences. Each unit is meticulously designed, boasting premium finishes such as quartz countertops, frameless glass showers, and state-of-the-art stainless-steel appliances.
But luxury extends beyond the confines of individual units. Residents will have access to an array of amenities designed to enhance their lifestyle. From a convenient pet spa to a cutting-edge golf simulator, Wynwood Station leaves no stone unturned in providing residents with the ultimate in comfort and leisure. Additionally, a residents-only lounge, indoor and outdoor fitness centers, and more ensure that there’s something for everyone to enjoy.
The journey to bring Wynwood Station to life began in 2021 when FRC Realty, a subsidiary of the esteemed Fifield Companies based in Chicago, proposed the concept for this mid-rise tower.
After securing a $66.9 million construction loan in 2023 and acquiring the 1.41-acre build site for $19.5 million in 2022, the developers wasted no time in bringing their vision to fruition. Prior to groundbreaking, KAST Construction demolished existing structures on the site, paving the way for vertical construction to commence.
Wynwood Station isn’t just about residential living—it’s also set to become a hub of commercial activity. With over 11,000 square feet of commercial space incorporated into the development, residents will have easy access to a variety of retail and dining options right at their doorstep. Additionally, six levels of enclosed parking ensure convenient parking for both residents and visitors.
As construction progresses, anticipation is building for the completion of Wynwood Station in 2025. Located at 45 NE 27th St. in Miami-Dade County, this development is poised to become a landmark in the city’s ever-evolving skyline.
Discover the Future of Luxury Living in Wynwood with Clara Homes
Miami’s vibrant Wynwood neighborhood is about to welcome an exciting addition to its skyline, and it’s set to redefine the concept of luxury rental living. Clara Homes, the renowned real estate development firm founded by James Curnin, has just secured a $7.7 million residential development site at 2601 NW 6th Avenue, spanning an impressive 17,000 square feet. This prime location in Wynwood will soon transform into a 154-residence luxury rental building, designed by the renowned architect Kobi Karp.
What sets this development apart is its commitment to providing affordable workforce housing. Clara Homes is embracing the Live Local Act by allocating at least 40% of the residences for affordable housing, ensuring that a diverse range of residents can enjoy the Wynwood lifestyle. Rising to approximately 200 feet, this luxury rental building promises to offer an unparalleled living experience.
The acquisition of this prime Wynwood site at $450 per square foot is a game-changer. It represents a remarkable 40% discount compared to other Wynwood land sales, which typically command prices ranging from $750 to $1,000 per square foot. This strategic purchase was made as a cap rate play, with attractive below-market seller financing at 5% and a sale leaseback agreement for at least a year to a year and a half.
James Curnin, the CEO and Founder of Clara Homes, is excited about the venture. He stated, “Wynwood is one of the hottest Miami markets to invest in and only continues to increase in value as new cultural, dining, and art institutions open in the neighborhood. When presented with the rare opportunity to acquire the land at such an attractive rate, we jumped at the chance to create a new rental experience in this rapidly growing part of town.”
While the project is still in the planning stages, the luxury rental building is poised to offer a comprehensive suite of premium amenities and sophisticated touches. Residents can look forward to 24-hour doormen, valet service, dedicated ground floor retail spaces, and a unique feature that’s bound to make waves – Miami’s first rooftop padel court, catering to the city’s growing interest in this global racquet sport sensation. Construction is expected to commence within the next 12-15 months and will take approximately 18 months to complete.
But that’s not all. Clara Homes is also making waves in South Florida with its first multifamily development, Clara Bay Harbor. Following the firm’s success in developing, building, and selling numerous luxury spec homes at above-market rates, Clara Bay Harbor is set to be a remarkable addition to South Florida’s real estate landscape. The development will be completed in three phases, with construction already underway for the first building located at 10281 West Bay Harbor Drive.
The future of luxury living in Wynwood is bright, and Clara Homes is at the forefront of this exciting transformation. Stay tuned for updates on this remarkable project and Clara Homes’ continued dedication to redefining real estate development in South Florida.
