Wynwood Square has become the first project approved by Wynwood’s newly created Design Review Committee.
The 12-story project also recently was approved by Miami’s Urban Development Review Board in a 7-0 vote.
“We are excited about this mixed-use pedestrian-friendly project as it will help address Wynwood’s dearth of residential and office uses – while adding much needed prime retail to North Miami Ave,” Jeronimo Hirschfeld, founder, chairman and CEO of One Real Estate Investment, said. “Our goal is to integrate these three elements, both physically and functionally, to enhance Wynwood’s already stellar appeal.”
When completed, Wynwood Square will include 267 residential units, 55,227 square feet of office space, 25,214 square feet of ground floor retail, and almost 500 parking spaces.
Developer One Real Estate Acquisitions, a division of One Real Estate Investment paid $15 million for the 78,050 square feet development site at 2201 and 2245 North Miami Avenue last year.
Marc S. Coleman, President of Development, added, “We are currently working on construction drawings and finalizing the capital structure, and plan to break ground by August of this year.”