Chase Bank Opens At R&B Realty Wynwood Property Next To The Gateway At Wynwood

Chase Bank has opened a new location at the intersection of trendy Wynwood and Midtown Miami. Chase Bank leased 3,391 SF from R&B Realty Group at 2830 N. Miami Ave. CBRE represented R&B Realty Group in the deal and is currently marketing the remaining 2,175 SF of retail space in the one-story building. R&B Realty Group is a family-owned real estate investment, management and development firm which is developing The Gateway at Wynwood across the street from the new chase location.

The Chase Bank Wynwood location is well positioned to serve the growing population in Wynwood and the surrounding Edgewater and downtown Miami neighborhoods. Within a 3 mile radius, there is a population of nearly 268,000 residents with an average household income of $57,000. The bank will also benefit from a daytime population of about 345,000 within that radius.

“The fact that Chase chose this building to open a new branch speaks volumes of the location,” said Shelby Rosenberg, who handles acquisitions & development at R&B Realty. “The Wynwood/Midtown area is seeing an influx of businesses and residents moving from across the U.S. while seasoned real estate developers are bringing thousands of new residents to the area. This is where retailers want to be to capitalize on Miami’s renewed interest across the globe.”

R&B Realty, with assets in New York, New Jersey, Ohio and Florida, has played a key role in the evolution of Wynwood. The developer is behind Kobi Karp-designed The Gateway at Wynwood, which will bring nearly 195,000 SF of Class A office space with an 8,500 SF, private rooftop deck, seven floors of office space, five floors of covered parking and nearly 25,000 SF of prime ground-level retail space. The building is currently under construction and scheduled for completion later this year. The Gateway at Wynwood has contributed to the emergence of Wynwood as Miami’s newest office submarket and helped foster a live-work-play environment.

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Urban X Group Celebrates Grand Opening Of River Landing Shops & Residences On The Miami River

Urban X Group and the Toronto-based H&R Real Estate Investment Trust have officially celebrated the grand opening of River Landing Shops & Residences, located at 1400 NW River Drive along the Miami River. The announcement comes on the heels of the projects completion earlier this year where the first phase of retailers were allowed to open in May 2020. The ownership team delayed the official grand opening for the project until retailers were more comfortable with the economy in the post-COVID-19 world. The project originally broke ground in March 2017 and cost roughly $425 million to develop.

River Landing Shops & Residences brings in excess of 2.2 million SF of total development to the Miami River including 528 market-rate apartments; 135,000 square feet of office space; 345,000 square feet of retail; and, 2,200 parking spaces. The retail component of the project is currently 70% leased. Retail tenants include Publix, Chase Bank, Planet Fitness, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores, Chick-Fil-A, Old Navy, Ficellas Bakery, Five Below and a Hobby Lobby. The project will also bring a 50’ wide linear park designed by Savino & Miller Design Studio, who is the landscape architect for the project.

Leasing for the office component at River Landing Shops & Residences launched in August 2020 with the first residents moving into the residential component in October. The residential component is managed by Lantower Residential, a subsidiary of H&R REIT.

River Landing Shops & Residences Unveils Waterfront "Restaurant Row" On The Miami River

The already under-construction River Landing Shops & Restaurants, being developed by River Landing Development including the Coral Gables-based UrbanX Group and Coralee Penabad along with H&R REIT, and Matthews Southwest, have revealed a waterfront “Restaurant Row,” further engaging the Miami River. The project, which is located at 1400 NW River Drive, will offer 25,500 SF of leasable restaurant space to bring 7 restaurants ranging from fine dining, family-style, cafes and fast casual concepts. River Landing Shops & Residences originally broke ground in March 2017 and will bring a total of 2 million SF of total development including 528 market-rate apartments, 2,200 parking spaces and a large retail component featuring a Publix, Chase Bank, TJ Maxx, AT&T, West Marine, Ross Dress For Less, Burlington Stores and a Hobby Lobby. The project will also bring plenty of green space to the area including a 50’ wide linear park with Savino & Miller Design Studio as the landscape architect for the project. River Landing Shops & Residences was originally designed by Jonathan Cardello of Stantec with BC Architects as the architect of record. Completion and opening is expected for early 2020.