Mega Mixed-Use Development Wynwood Plaza Locks Down $215 Million Construction Loan
L&L Holding Company, Oak Row Equities and Shorenstein have locked down $215 million in construction financing for Wynwood Plaza, a mega mixed-use development on a 2.85-acre site in Miami’s Wynwood Arts District. Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia South Florida secured the financing on behalf of the developers.
L&L Holding Company, Oak Row Equities and Shorenstein have locked down $215 million in construction financing for Wynwood Plaza, a mega mixed-use development on a 2.85-acre site in Miami’s Wynwood Arts District. Managing Director Scott Wadler and Vice President Michael Basinski of Berkadia South Florida secured the financing on behalf of the developers, a joint venture between L&L Holding Company, a vertically integrated real estate company based in New York, N.Y., Oak Row Equities (formerly Carpe Real Estate Partners), a real estate private equity and development company based in New York, N.Y., and Shorenstein, a real estate investment company based in San Francisco, Calif.
Bank OZK provided the three-year, floating-rate loan with two one-year extension options.
The developers acquired the site, a 15-parcel assemblage, in late 2021 for $53 million, after filing plans for a development that would deliver one million square feet of office, retail, residential and outdoor entertainment space. The project, which Gensler is designing, is slated to complete in 2024.
“Wynwood has emerged as one of Miami’s busiest submarkets, with tech, financial and creative firms flocking to the area and driving demand for office, retail and residential space to all-time highs,” said Wadler. “Wynwood Plaza is poised to be a monumental project anchoring this dynamic community, and we were fortunate to find a lender who recognized the Sponsor’s unique vision and capabilities to execute it.”
Located at 95 Northwest 29th Street, Wynwood Plaza will consist of approximately 509 luxury rental apartments, 275,000 square feet of Class A office space, 25,000 square feet of ground-floor retail space, a 20,000-square-foot open-air retail plaza, and a parking garage.
Mixed-Use Development '29N' Revealed In Wynwood At Former Site Of Rubell Family Collection
A development partnership between L&L Holding Company, CARPE Real Estate Partners, and Fortis Design + Build have revealed 29N, a mixed-use project which feature rental apartments, office space, ground floor retail and micro retail.
A development partnership between L&L Holding Company, CARPE Real Estate Partners, and Fortis Design + Build have revealed 29N, a mixed-use project which feature rental apartments, office space, ground floor retail and micro retail. The project is to be developed on the former site of the Rubell Family Collection at 95 NW 29th St. and is designed by Gensler Architects.
29N will bring 523 residential units; 200,618 SF of office space; 26,372 SF of retail space; and 668 parking spaces. Apartment units would range from 504 SF studios to 1,093 SF two-bedroom residences. The project will also feature 30,000 SF of rooftop space and 22,000 SF of open space on the ground floor with a plaza and pedestrian promenade which is open to the public and designed by James Corner Field Operations. The project is currently under review by the Wynwood Design Review Committee.
The Oasis Wynwood Is Gearing Up To Open In A Few Weeks With Six New Restaurants
The Oasis in Wynwood is gearing up to open in the next few weeks with six restaurants and a 75’ tall “Tower Bar” made out of shipping containers featuring a mural by Antonio Marest. The restaurants include Mr. Mandolin, Prince Street Pizza, Los Buenos, Alidoro, Buya Dumplings + Buns, and Chikin.
The Oasis in Wynwood is gearing up to open in the next few weeks with six restaurants and a 75’ tall “Tower Bar” made out of shipping containers featuring a mural by Antonio Marest. The restaurants include Mr. Mandolin (Mediterranean), Prince Street Pizza, Los Buenos (taqueria), Alidoro (Italian), Buya Dumplings + Buns (Asian street food), and Chikin (crispy chicken concept). There will also be an indoor/outdoor cocktail lounge and nightclub named Huacachina inspired by Huacachina, Peru. The Oasis also features a selection of retail space, art studios, cafes and an outdoor stage for live performance. The indoor/outdoor urban campus is designed by Urban Robot Associates and is being developed by Carpe Real Estate Partners.
The Oasis encompasses 70,000 SF including 35,000 SF of former warehouse space converted into 20,000 SF of creative office space with a 2,500 SF rooftop and 17,000 SF of retail space. Outside offers 35,000 SF of heaving landscaped outdoor courtyard space with an outdoor food hall and the 75’ tall “Tower Bar” to activate the outdoors and complete the urban campus. Retail suites range from 1,000 SF to 6,000 SF.
For more information about commercial leasing in The Oasis, private showings or availability/ pricing information please fill out the form below:
Spotify To Open Headquarters in Wynwood's The Oasis Designed By Urban Robot Associates
Spotify will open a headquarters at The Oasis in Wynwood, which is scheduled for completion later this year (2020). Spotify has agreed to lease 20,000 SF in the urban campus for their Latin American HQ and plans to have up to 100 employees based out of the Wynwood location after they complete their move from Brickell.
Spotify will open a headquarters at The Oasis in Wynwood, which is scheduled for completion later this year (2020). Spotify has agreed to lease 20,000 SF in the urban campus for their Latin American HQ and plans to have up to 100 employees based out of the Wynwood location after they complete their move from Brickell.
“We are thrilled that Spotify is leasing space at the Oasis and are very happy to have played a role in making the vision of Wynwood as a best in class tech-hub become a reality,” said Erik Rutter co-founder of Carpe Real Estate Partners.
The Oasis is designed by Urban Robot Associates and is being developed by Carpe Real Estate Partners. The Oasis encompasses 70,000 SF including 35,000 SF of former warehouse space converted into 20,000 SF of creative office space with a 2,500 SF rooftop and 17,000 SF of retail space. Outside offers 35,000 SF of heaving landscaped outdoor courtyard space with an outdoor food hall and a 75’ tall “Tower Bar” made out of shipping containers to activate the outdoors and complete the urban campus. Retail suites will range from 1,000 SF to 6,000 SF.
“Wynwood is still in its infancy, and we are very excited to continue to watch the submarket mature. We feel that building a creative campus that attracts the likes of Spotify is the exact type of innovation that Wynwood needs to reach its full potential,” said David Weitz, co-founder of Carpe Real Estate Partners.
Wynwood has been a hotbed for corporate and office leasing with 545wyn by Sterling Bay nearing completion and launching leasing for Class A office space in the once warehouse and arts district. The Oasis is located at 2319 North Miami Avenue. Leasing is being oversee by Brian Gale and Andrew Trench of Cushman Wakefield.
For more information about commercial leasing in The Oasis, private showings or availability/ pricing information please fill out the form below:
Inside The Oasis, Wynwood's First True Creative Office Campus Delivering Late 2019
Wynwood will soon be getting its first true creative office campus, The Oasis, on track to deliver in late 2019. The 70,000 SF site features 35,000 SF of existing industrial warehouse space which is being converted into a mix of 20,000 SF of creative office space with a 2,500 SF rooftop, brick and mortar retail, and a 35,000 SF heavily landscaped courtyard with an outdoor food hall.
Wynwood will soon be getting its first true creative office campus, The Oasis, on track to deliver in late 2019. The 70,000 SF site features 35,000 SF of existing industrial warehouse space which is being converted into a mix of 20,000 SF of creative office space with a 2,500 SF rooftop, brick and mortar retail, and a 35,000 SF heavily landscaped courtyard with an outdoor food hall and a 75’ tall “Tower Bar” made out of shipping containers. Retail suites will range from 1,000 SF to 6,000 SF. The Oasis is located at 2319 North Miami Avenue and is being developed by Carpe Real Estate Partners and designed by Urban Robot Associates.
For more information about commercial leasing in The Oasis, private showings or availability/ pricing information please fill out the form below:
Mast Capital and BH Group have announced Raffles Residences Coconut Grove, the brand’s first standalone residential development, with 35 homes from $4.5 million and architecture by Brandon Haw.