A formal groundbreaking ceremony was held March 3 for the 1-million-square-foot Wynwood Plaza.
Construction has actually been underway at the site for some time, beginning shortly after the developers said they obtained $215 million in construction financing from Bank OZK in January.
The Wynwood Plaza will include a residential building with 509 luxury rental apartments, indoor and outdoor dining and shopping options, as well as an office tower.
The centerpiece of the project will be a half-acre, lushly landscaped public plaza that will be the largest in the Wynwood Arts District and one of the largest in all of Miami.
There will also be a pedestrian paseo adorned with large palm trees and local vegetation.
James Corner Field Operations, the firm that designed The Underline and New York’s High Line, is overseeing landscape design, including at the plaza and paseo.
Two floors of the 12-story office tower are pre-leased. Claure Group, led by Marcelo Claure, will establish its headquarters in 25,400 square feet across the entire eighth floor. Weitz & Luxenberg, a national law firm, will open its first Miami office in 18,000 square feet across the second floor.
The Class AAA office tower will have 266,000 square feet, with private terraces on each floor. Amenities will include a fitness club, cafe and bar lounge, conference spaces, and rooftop.
The luxury rental apartments will have four activated rooftops with a sports court, two outdoor pools with showers, a sauna, hot tub and cold plunge pool, and a glass atrium with co-working spaces, private phone rooms, game lounge, and fitness center.
The ground floor will include 32,000 square feet of retail, including 6,600 square feet of outdoor dining.
The developers will also collaborate with local artists to include works and installations throughout for residents and the community to enjoy.
L&L Holding Company and Oak Row Equities are the developers, along with project partner Shorenstein Properties and co-investor Claure Group.
Gensler is the architect.
Completion is expected in 2025, the developers said.