One Million-Square-Foot Wynwood Plaza Financed, Will Begin Construction Immediately

The developers of The Wynwood Plaza have obtained $215 million in construction financing.

They have also announced that two full floors of office space have been pre-leased.

With full project financing now in place, major construction will commence immediately with full completion anticipated in 2025, the developers said in a press release.

Gensler is designing the project, and is also the architect of record.

The Wynwood Plaza will include one of the largest outdoor public plazas in Miami, at 26,000 square feet. James Corner Field Operation, which designed the Underline, is designing outdoor spaces at the project.

There will be 32,000 square feet of retail, including 6,600 square feet of outdoor dining.

A 12-story office tower will have approximately 266,000 square feet of space.

Claure Group, led by Marcelo Claure, will establish its headquarters in 25,400 square feet across the entire eighth floor. Weitz & Luxenberg, an acclaimed nationwide law firm, will open its first Miami office in 18,000 square feet across the second floor.

There will also be residences, with 509 luxury rental apartments.

Developers L&L Holding, Oak Row Equities, alongside project partner Shorenstein Properties and co-investor Claure Group, secured the loan from Bank OZK.

Dustin Stolly and Jordan Roeschlaub of Newmark represented L&L Holding and Oak Row Equities in capitalizing the project, while Scott Wadler and Michael Basinski of Berkadia arranged the Bank OZK financing.

 


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Azarius
14 days ago

One of my favorite projects coming to Wynwood. Definitely going to help with bridging Wynwood and Midtown together!

Azarius
14 days ago

What happened to the offers that were supposed to be installed?

Azarius
14 days ago

Woffers

Brickell Design Board
14 days ago

The City should add better lit paved walkways and date palm trees on SW 2nd and 1st Avenues and more roundabouts in this part (like they added around the Brightline). It’s almost like there is different leadership in the public facing part of Brickell here, or maybe it’s just taking more time to get up to speed with tasteful improvements.

The Brickell metro stop around the Underline needs enhancements like the streetscapes being proposed in non-metro neighborhoods like Wynwood.

No
14 days ago

This isn’t anywhere near Brickell.

Wish it Was
14 days ago

Exactly

Anon
14 days ago

She doesn’t care. She finds a way to make every post about Brickell for some reason.

Anon
14 days ago

Didn’t the BCC stop just get a full renovation? I think it’s also receiving an elevated walkway to connect it to 1BCC.

Brickell is coming along great – we don’t even have undergrounder power lines in wynwood

BDB
14 days ago

I think the City waits for new developments to drop the lines. The City Centre stop is really nice. Around the Brickell stop has gotten better but still has above ground poles. There’s also dark cross walks that drivers speed through, rusted planters and I leveled sidewalks. Hopefully this area gets improved along with Wynwood.

anon
13 days ago

roundabouts are terrible for pedestrians, they are meant for highway intersections so the cars don’t have to stop when they turn

Brickell Gateway Proposal
13 days ago

Well there needs to be a better way of slowing traffic on SW2nd to allow people to cross. Maybe speed bumps and lighting? Traffic lights could be added but that may backup traffic.

There’s a new middle school, and lots of schools including a preschool, and there’s only one blinking yellow light traffic stopper along the entire avenue. it’s very hard to see the yellow blinking light, and often people speed through them… it’s dangerous.

Should we add school zone signs and cameras that fine people for speeding? That’s the standard approach in most school zones.

SW 2nd could also turn some of the narrow parking spots into actual turning lanes (people use them as turning lanes as is).

Metro Rich Miami
14 days ago

This will be a good growth spot after the City finishes building out and modernizing road /bike/pedestrian infrastructure and landscaping in Downtown and Brickell.

We need more density and complete infrastructure around existing metro lines and then should budget for metro to Wynwood.

Safe Streets
14 days ago

Game-changer for Wynwood – hope the city starts on that master plan for the streetscape sometime soon

Anonymous
14 days ago

Once they’re done with the Metromover study to stick giant flyovers over the streets, making any streetscape improvements pointless. Take your pick, free electric beer can to go to a bar with overpriced beer, or undergrounded utility poles and shade trees.

Anonymous
14 days ago

They could buy a car, but then they wouldn’t have any beer money.

Elevate Existing Metro Masterplan
14 days ago

I’d love to see a metro in Wynwood but also want to make sure existing metros get attention and nice planning.

Is the Brickell area around the Underline going to get a study and drop the utility poles and add unified landscaping?

There’s already a metro stop here in Brickell and throughout downtown and south Miami, and many that need to be worked on at the same time if not sooner…

I’d love to see ROYAL and DATE palm trees on SW 2nd and 1st Avenues and more roundabouts in this part like they added around the Brightline.

Vince
14 days ago

When you say “Metro”, what do you mean?
A MetroMover, a MetroRail, a metropolitan area, a GEO Metro, a Metrosexual?
What?

Anon
14 days ago

Can we call all the metros the metro. It’s confusing to distinguish the “Metromover” from the “metrorail”. Can it be one unified system, even if the cars and tracks are different and funded by different sources? This would at least stop people from wasting time thinking of which extension will be a mover versus a rail.

Miami Central
14 days ago

They could be two separate lines, like an orange line and a green line (using UM colors to illustrate the concept.)

Melo is sigma and chad
14 days ago

They are already doing work at the base of this future building. 29th st will be impressive soon.

Miami4Life
14 days ago

feel like this will be a really nice link between Wynwood proper and Midtown

MBeach
13 days ago

Aside from the pedestrian level entourage, the design is bland at best. Mies would be proud.

Anonymous
14 days ago

Metrorail to Wynnwood anyone?

Melo is sigma and chad
14 days ago

Metromover and a trirail station on 29th st.

Anon
14 days ago

From what I hear metrorail is significantly nicer than Metromover

Anonymous
14 days ago

Love the project but not that one of the biggest ambulance chaser law firms is coming down here from NYC…

Casey
14 days ago

Has Gateway filled its office space?

Native Miami
12 days ago

Overdevelopment is ruining Wynwood. This neighborhood used to be cool until all the construction started popping up. That’s why Miami cant have hip neighborhoods cause of the constant construction and over priced apts and condos.

anonymous
14 days ago

No stopping Wynwood

John Alvaresco
14 days ago

Invest in Wynwood before its too late.. People used to see the same with Brickell and look how it is now..

Anon
14 days ago

Definitely Miamis hottest neighborhood right now!!!

Anon
14 days ago

Downtown north of the Miami River will be exactly like Wynnwood in a few years, cool hip urban nightlife and restaurants, with a metro stop there.

Overtown has potential too from the plans I’m seeing.

Vince
14 days ago

Nothing is more cool, hip, or urban than a Metro.
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