Developers are planning to build an 8-story co-living project called Quarters in Wynwood.
W5 Group LLC announced the project in a press release last week, saying it is partnering with Related Group. W5 will provide 80 percent of capital.
There will be 200 apartments, all of which will be furnished. Residents will have free access to co-working space, a fitness center, and a rooftop pool. There will also be weekly events run by management of the building.
The ground floor will include 3,600 square feet of retail.
Quarters, a Berlin-based co-living company with plans for 3,000 beds worldwide, will manage the property.
Related purchased the site last summer, and the former Wynwood Yard property is next door where Lennar is now developing the Wynwood Green apartment building.