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.
Related Group Tops Off on Two Tower Project in Wynwood
Wynwood Diamedix, a remarkable construction in Miami’s Wynwood Arts District, Related Group has just completed vertical construction.
There are 304 rental homes with interiors designed by ID & Design International, over 17,000 square feet of first-rate commercial space, and an impressive 63,000 square feet of first-class office space will be found in this two-tower project, which was created by Cohen Freedman Encinosa & Associates and is located at 2150 North Miami Avenue and 2115 North Miami Avenue.
Beauchamp Construction is listed as the general contractor on the project, and it is expected to be finished in September 2024.
Modern architecture and design are included in these luxury rental flats, which also provide painstakingly designed studio, one-, two-, and three-bedroom floorplans. Studios range in size from 550 square feet to more than 1,400 square feet, and all come with floor-to-ceiling windows, high ceilings, walk-in closets, and other features.
Amenities:
Rooftop pool deck
Summer kitchens
State of the art fitness center
Spin rooms
Saunas and steam rooms
Resident-only lounge
Round-the-clock concierge service
Golf Simulator
Podcast room
Wynwood, formerly a neglected industrial area, has evolved into a flourishing cultural center with art galleries, shops, restaurants, and entertainment facilities. For those who appreciate urban living with a creative edge, its convenient location just minutes from downtown Miami and South Beach makes it the best option.
Demolition Permit Filed for Mohawk at Wynwood
Mohawk at Wynwood’s developers file for demolition permit along with updated plans in an effort to quickly begin site preparation for the mixed-use project
The plans for Mohawk now include 35 more units totaling 260 residential units, 20 of which will be two-story lofts. There will also be 335 parking spaces, 1,500 square feet of retail space, and 31,000 square feet of private offices as additional additions. Electric vehicles will receive a 25% allocation.
Mohawk’s design brings the edginess of local artist’s murals and modern steel framing to create a master piece that targets young entrepreneurs.
Building Features:
12-story building
225 residences
3,500 square feet of office space (for residents only)
22,000 square feet of retail space
Designed by Deforma Studios
1, 2, and 3 bedroom unit options
Building Amenities:
Rooftop pool
Bar
Lounge
Chef’s dining room
Children’s room
Game room
2-story gym
Yoga room
Dog park
Outdoor greenway
The development will be sited on a 1.5-acre build site with rooftop pool, fitness facility, dog park, indoor yoga studios, and other amenities are available to residents. Additionally, The Rider at Wynwood, a 131-key hotel/apartment intended for short-term rentals, will be close by.
Both projects were created by Rilea Group. Jaxi Builders is in charge of demolishing Mohawk in Wynwood, and DeForma Studio is in charge of the design. The exterior of Mohawk at Wynwood will emulate metal-accented Chicago brick facades. Mohawk in Wynwood is located at 50 N.E. 29th Street, Miami, Florida 33137.
111 Wynwood Mixed-Use Project Plans Have Been Filed
The 111 Wynwood mixed-use project’s plans have recently been submitted with plans to add 12,106 square feet of commercial space to the current structure. 111 Wynwood will be located on First Avenue in Wynwood, which was originally designated as a pedestrian walkway.
The mixed-use building will be used for multiple restaurants/bars, meetings, and office spaces.
The building exterior, created by Touzet Studio, consists of a low level that swoops widely as it turns from 25th Street to First Avenue. A designated woonerf, First Avenue, is where the lower level interacts with the taller level, which is the main façade. The Mezzanine and Second Floor venues are accessed primarily by a wide staircase off of First Avenue as part of the building layout that accommodates pedestrians. First Avenue also leads to the recessed elevator’s lobby.
Large vitrines that protrude beyond the building’s surface and the deep recess that houses the stairway and benches are used to break up the taller volume’s architectural concrete surface. The lobby’s glass wall and a two-story, fissured, cast-concrete wall that has pockets of plant growing in it line one side of the stairway. From linear beams that go from the fissured wall to the multi-story lobby, flowering vines cascade down over the staircase.
The length of the ground level of the lower volume consists of a vitrine punctuated by glass entry doors set back into the volume. The double-height volume that fronts the corner and a portion of the 26th Street facade is illuminated by a long horizontal glass band. At the western end of the volume, the glass gives way to an open-air terrace at the Mezzanine level. The roof terrace above the lower volume serves as a dining terrace for the Second Floor venue. Horizontal planes, with rendered soffits, hover over portions of the roof terrace and over the arrival court at the top of the staircase.
The mural, which was created by Carlos Prio-Touzet and Touzet Studio, is a stylized representation of a coral rock surface that would appear on an architectural drawing. Here, a trompe l’oeil effect is subverted by the graphic’s sarcastic transformation into the cladding itself. Astro created the spiraling murals on the two bigger faces.
On July 18, there will be a hearing before the Wynwood Design Review Committee. The application was submitted by BH Wynwood Hotel LLC.
Arlo Hotel Now Open and it’s Wynwood’s Very First Hotel
Wynwood now has the newest hotel from independent, experience-driven hotel chain Arlo Hotels, which already operates hotels in Miami Beach and other parts of New York City. Arlo Wynwood, a new hotel in Miami’s most unique area, combines art and peace with nonstop entertainment.
The hotel is the first to open in Miami’s premier creative and cultural neighborhood, which is home to the most street art in the entire world. With guest rooms starting at $239 a night, the 9-story hotel, with 217 rooms will be a cultural hub for locals and tourists alike and offer intelligent travelers prime access to the best of the area.
The hotel’s signature restaurant, MaryGold’s, a “Florida brasserie,” was designed by the James Beard-nominated team of Brad Kilgore and Bar Lab and is located to your right as you enter.
The hotel was created by Meyer Davis, a highly esteemed company at the forefront of international, luxury commercial design. It embraces an eclectic industrial look where organic meets modern while drawing on the neighborhood’s bold and well-curated creative nature.
A flawlessly balanced tension between the natural and the artificial is achieved by contrasting warm, earthy materials with crisp, modern finishes and vibrant accents that create subtle richness through a delightfully welcoming palette. In keeping with the Arlo Hotels brand, the establishment’s sizable living room and lounge areas foster amicable interactions and creative connections among visitors, employees, and members of the neighborhood. The spaciousness of the main spaces reflects the friendly vibe that distinguishes Wynwood.
The property’s rooftop pool and bar, which are now only accessible to guests, are its main attractions. Huge red and white striped umbrellas and cabanas line the edge of the pool.
The airport is only roughly 15 minutes away from the hotel, and the Brightline station is even closer. Wynwood is Arlo’s fifth site; the other four are the Nautilus in Miami and three other hotels in New York City.
According to CEO of Quadrum Global of Arlo Hotels, Oleg Pavlov, “Wynwood is one of the most vibrant districts in Miami. We’ve been eager to develop a hotel in the neighborhood, and with an increasing number of tech-forward businesses moving their headquarters to Wynwood, we feel this is a great time. The year-over-year hotel occupancy in the broader downtown market has grown nearly 30%. We’re thrilled to debut Arlo Wynwood as the premier hotel in the neighborhood. The property will embody Wynwood’s renowned artistic flair and offer first-rate restaurants, bars, wellness programming, and entertainment for guests and locals alike.”
New Development Announced in Wynwood-The Rider
The Rider, a new project in Wynwood, has just had its designs submitted to the Wynwood Design Committee. The Rider will be a mixed-use upscale rental development that will rise 12 stories tall.
Spanning over 131 luxury units with a total leasable area of 104,625 square feet for the units and 6,000 square feet for ground-floor retail. The Rider will also include 146 garage spaces.
The Rider is situated at the intersection of Miami’s hip and developing Wynwood and Midtown neighborhoods, at 94 NE 29th Street, Miami, Florida on 0.56 acres. Residents will be able to scooter to their preferred locations, such as the Wynwood Walls, trendy shops and restaurants with a variety of flavors, and the shops at Midtown Mall, as well as a stroll to a prospective train station that may be only 85 yards away.
The Rider will have excellent access because it is about a 5-minute drive from the Miami Design District’s world-class shopping and from Interstate 195.
Tower Features
Rooftop Pool
Pool deck
Dog Park
Private hangout area
Resident’s lounge
Cutting-edge gym
Art and Photography by Morrison Hotel Gallery
Rooftop food service establishment that will be open to the public and be serviced by separate elevators
The developer is listed as the Rilea Group with Wynwood Deforma Studio listed as the architect.
On October 12, there will be a hearing before the Wynwood Design Review Committee to continue discussions about the new development.
Brick & Timber Collective Recently Purchased a Wynwood Mixed-Use Property for $9 Million
Brick & Timber Collective just increased their Wynwood portfolio with an off-market $9 million purchase of a newly finished mixed-use property.
The developer and real estate asset manager from San Francisco purchased a 3-story office and retail property at 2724 and 2734 Northwest First Avenue.
The mixed-use property is located across the street from Wynd 27 and Wynd 28. Kushner Companies and Block Capital Group are developing the site, with 152 apartments, 79,500 square feet of office, and retail space.
The building was purchased for $900 per square foot by Brick & Timber Collective, managed by partners Jesse Feldman and Glenn Gilmore. The property is leased to a bay area tech business that finished a 10,000 square feet makeover was finished one month ago.
According to public records, the seller, a subsidiary of Miami-based Fortis Design-Build, paid $1.8 million for the two properties in 2018.
The structure, designed by Florida International University Dean of Architecture Jason Chandler, has ground-floor retail, second-floor office space, and a rooftop deck that may be expanded, according to Polinsky.
This isn’t the first Wynwood project Brick & Timber Collective has been involved in. The company purchased a Wynwood Annex Class A office building in February for $49 million but plans on buying more properties in Wynwood in the future.
Brick & Timber Collective specializes in leasing office space to technology startups, and has been exploring Miami, notably Wynwood, for more than a year. “We were scanning the rest of the country to see which market would profit from the tech industry in the same manner that San Francisco has and we landed in Miami and Wynwood. There is a significant migratory change in progress.”
Sales Launch for NoMad Residences Wynwood
Sales of NoMad Residences Wynwood, a NoMad Hotel-branded condo building featuring a Casa Tua Cucina on the ground floor, have launched sales thanks to a joint venture between Related Group and David Edelstein’s Tricap.
Located at 2700 Northwest Second Avenue in Wynwood will house 329 units in a nine-story structure. The plans were officially approved by the Wynwood Design Review Committee on March 12, 2022.
Tricap, Related, and its project partner, Alex Karakhanian’s Lndmrk Development paid $26.5 million for the development site last year. The almost 1.3-acre property was sold by Chinese lender Seven Valleys, which took over the land from RedSky Capital and JZ Capital Partners.
The project will be NoMad Hotels’ first residential development, according to Andrew Zobler’s Sydell Group. (Last year, Zobler purchased a property in Miami Beach.) Sydell sold its stake in the NoMad hotel in New York, which reopened as the Ned last year as a Soho House property. The NoMad hotels are located in London, Las Vegas, and Los Angeles.
The Freehand hotels in Miami Beach, New York, Los Angeles, and Chicago are also owned by Sydell.
NoMad Residences Wynwood, units will range from 464 sq. ft. to 931 sq. ft. and will be fully furnished and finished. Pricing will begin in the mid $500,000 equating to over $1,000 per sq. ft. This development will have not rental restrictions and there will be in-house management team that will handle check-ins and check-outs.
According to Nick Pérez, senior vice president at Related, buyers will be a mix of investors and end users, similar to the buyer pool at Related’s two short-term rental friendly condo projects, the Crosby at Miami Worldcenter and District 225. Pérez also mentioned the slew of IT firms that have or are planning to open headquarters in Wynwood.
The building will feature a rooftop restaurant and bar, which will be directed by James Beard Award winner Leo Robitschek, who was previously the bar director at New York City’s Eleven Madison Park, a three-Michelin-star restaurant.
On the bottom floor of the building, Casa Tua, which has a flagship store in Miami Beach and a food hall at Saks Fifth Avenue’s Brickell City Centre site, will open. Casa Tua has additional sites in Aspen and Paris.
Building Information:
Developer: Related Group and Tricap
Interiors: Design Agency
Architect: Arquitectonica
Building Amenities:
Pool
Deck with cabanas
Indoor and outdoor fitness center
NoMad library and lounge
Shared workspaces
Outdoor theater
Art spaces
According to the press release, the construction hasn’t been secured yet. The groundbreaking is scheduled for the fourth quarter of 2022.
As More Companies Migrate to South Florida-Miami Commercial Real Estate Booms
As more companies migrate to south Florida, we are seeing more office spaces renting out, new mixed-use construction and now more than ever, new mixed-use projects. More recently, RAL Tricap Wynwood LLC has proposed a mixed-use twin tower project in the Wynwood Arts District.
Located at Northwest Fifth Avenue and 27th Street, these two 8 story buildings are proposed to have over 250,000 square feet of office and retail space. Dubbed the names, Wyn on 5th North and WYN on 5th South, this twin developments was review by the city in March 2022 and the developers are just waiting on final approvals.
Wyn on 5th North will feature 106,414 square feet of office plus 6,961 square feet of retail and 268 parking space with available bike spaces. Wyn on 5th South will showcase 139,254 square feet of offices, 16,000 square feet of retail, and 377 parking spaces. Each garage will be enclosed and will feature a roof deck.
The project was envisioned to encompass work and play into one creative space. The developer is looking to advertise to local and national companies who wish to be at the beginning stages of the Miami’s financial and tech scene.
According to the attorney, Steve Wernick, “Together, the buildings create a landmark arrival and visual gateway into the Wynwood Arts District from NW 5th Avenue, and significant public realm improvements that will enhance the connectivity and pedestrian experience of Wynwood – extending 24/7 activity to the Fifth Avenue corridor.”
The project itself will be designed Arquitectónica. Although the board recommended approval they still had some commend concerning the design, which were called “two decorated boxes.” They wish to see buildings that resembled more of what the Wynwood Design District is and what the area is all about. Another recommendation included the artwork on the exterior of the building to encompass the vibe of Wynwood.
