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Front Page » Real Estate » Two developers teaming up to bring micro-condos to Wynwood

Two developers teaming up to bring micro-condos to Wynwood

Written by on September 27, 2016
Two developers teaming up to bring micro-condos to Wynwood

Looking to attract young professionals and artists, two developers are teaming up to bring micro-condos to Wynwood.

The Related Group and Metro 1 Development plan Wynwood 29, a mixed-use project on 1.2 acres at 2828 NW First Ave. with 182 residences ranging from 416 to 892 square feet apiece.

Raymond Fort of the architectural firm Arquitectonica said the building is designed with the young professional in mind. Wynwood 29 is designed as a well-balanced, urban scale project, he said.

Mr. Fort said the bulk of the units, about 142, are expected to be less than 650 square feet.

The city’s Urban Development Review Board recommended approval of the project Sept. 21.

Planning staff noted the developers are asking for several waivers, including permission to increase the lot area from 40,000 to 42,000 square feet; allowing loading along a principal frontage; allowing a 30% reduction in required parking spaces, and more.

Mr. Fort said the project has four uses on two adjacent sites: residential, office, retail and parking.

The west side will have a 12-story residential building with about 12,726 square feet of ground floor retail. The eastern part will have four stories of office uses, about 26,000 square feet, above 7,000 square feet of ground floor retail and a five-story parking garage.

Mr. Fort said the two buildings will share a street between them accessible to pedestrians, cyclists and motor vehicles at slow speed.

The project proposes 283 parking spaces.

Developers’ attorney Carlos R. Lago said the desire is to fill the commercial space with restaurants and retail that will offer an enhanced pedestrian experience.

Mr. Fort said the buildings are designed to capture the Wynwood vernacular, and geometric repetition is employed in the façades. “It’s a very urban building,” he told the board.

“What is the Wynwood vernacular to you?” asked board member Neil Hall.

“Paint on buildings in artistic fashion,” Mr. Fort responded.

The Wynwood Arts District has a reputation for striking and varied street art and murals on repurposed warehouses, a factor many new developments are trying to incorporate into new construction.

The same is true of the Wynwood 29 proposal. Above the retail uses the buildings are to have a 5-foot-tall band for unique painted signage, Mr. Fort explained.

Dean Lewis, acting board chairman, said he’d rather see a 5-foot tall band in the interior retail spaces and “leave it for the build-outs.”

“As art space, it reinforces the idea of Wynwood,” Mr. Hall said. He also commented on the project’s mass or scale, since many current structures in Wynwood are one story.

“I’m surprised the neighbors did not object to the scale,” he said.

The property is between Northwest 28th and 29th streets, in an area that’s “very, very tight,” Mr. Hall said.

In the end, Mr. Hall cast the lone vote against recommending approval of the project.

But board member Willy Bermello was impressed with the proposal.

“This will be a striking project,” he said. “I like very much your project, and I’m ready to approve it.”

3 Responses to Two developers teaming up to bring micro-condos to Wynwood

  1. DC Copeland

    September 28, 2016 at 7:56 am

    Love the idea. Wonder what these micro-condos are going to cost? Will the price reflect the lack of size or will the cost be scaled up to match the rising Wynwood rents due to gentrification? I would suspect probably the latter. At least this project is easier on the eyes than Magellan Development’s repetitive brutalist style planned for Midtown.

  2. Ben Grimm

    September 29, 2016 at 3:43 pm

    In Miami, NO ONE builds “condos” without “luxury” added to the price. Artists usually live in poverty so these condos are really meant for Millennials with Masters degrees, at best. At worst, these will be picked up by foreign investors needing a place to keep their money from being taxed by their home governments.

    Start your good-byes now ’cause Wynwood will only be an artistic place once a year. The graffiti will be outlawed for the rest of the time.

  3. alex

    October 3, 2016 at 2:16 pm

    as sweet as it sounds, the condos will be scooped up by investors and the wealthy who can pay all in cash. they will then sit vacant, rented out at ridiculous rates no one can afford, and/or flipped later on to an actual full time resident that can barely afford it.