Construction is under way at Wynwood 25, a mixed-use development by The Related Group, East End Capital, and architect Kobi Karp located in Miami's culturally rich Wynwood neighborhood.
The property is the first residential development in Wynwood to utilize the area's 2015 Neighborhood Revitalization District (NRD) status and zoning changes. The NRD was formed in 2015 to support the neighborhood’s transformation from a largely industrial center to a thriving cultural and artistic space. The district aims to preserve the neighborhood’s character, fund public space and parking, and promote diverse housing options.
To this end, 80% of Wynwood 25’s 289 units will rent for under $2,000 a month. (Miami’s median apartment rent was $1,888 for a one-bedroom apartment and $2,501 for a two-bedroom apartment in August 2017, according to ABODO’s National Apartment Report.) Wynwood 25 will also create 340 parking spaces and 31,000 square feet of retail space.
“We are extremely pleased to be the first NRD-based project out of the ground,” said Jonathon Yormak, co-developer for Wynwood 25, co-founder of East End Capital, and Wynwood Business Improvement District board member, in a statement. “The viability of this project exemplifies the great work the city’s zoning department and the commissioners did with respect to Wynwood’s rezoning.”
Wynwood 25's apartment units will range in size from studios, which will start at 400 square feet, to one-, two-, and three-bedrooms. Community amenities will include a fitness center and yoga studio, work-from-home spaces, bike and package storage, and dog-wash facilities. A coffee lounge will open onto a 12,500-square-foot courtyard. The landscaped roof terrace will feature a pool, barbecue, movie screen, and views of the city and Miami Beach.
“Projects like Wynwood 25 are key for the neighborhood to reach its full potential. Wynwood already had some of the city’s favorite restaurants, coffee shops, and other destinations, but we saw a huge demand for urban living options. People have fallen in love with the neighborhood’s unique, walkable culture, and now it can be their permanent lifestyle,” said Jon Paul Perez, co-developer for Wynwood 25 and vice president of The Related Group. “We look forward to setting the standard for all future projects in the area and delivering a product that complements the vibrant and walkable Wynwood Arts District.”
Kobi Karp, founder and principal of Kobi Karp Architecture and Interior Design, aimed to make Wynwood 25 a landmark project for the area, one that would enhance the neighborhood and mesh with its character.
“Wynwood’s artistic spirit and modern vibe are elements that inspired our designs for Wynwood 25 and Gateway at Wynwood,” said Karp. “This forward-thinking, vibrant area is gaining so much momentum, and we wanted this to translate into our designs. It’s an exciting time to be a part of Wynwood’s growth, and we aim to create unique designs that merge seamlessly with the area’s culture and unique energy.”
Karp also has a commercial design project under way in the area—the 12-story Gateway at Wynwood tower, located just a few blocks away from Wynwood 25. Upon completion, Gateway at Wynwood will be one of the newest office buildings in the area in decades, with 200,000 square feet of Class A office space, 25,000 square feet of retail space on the ground floor, and four levels of covered parking.
Wynwood 25 broke ground in July 2017 and is slated for completion in the summer of 2019.