L&L Holding Company and Oak Row Equities Break Ground On 'The Wynwood Plaza' One Million Square Foot Mixed Use Campus

L&L Holding Company and Oak Row Equities, along with project partner Shorenstein Properties and co-investor Claure Group, have broken ground on The Wynwood Plaza, a 1-million-square-foot mixed-use campus at 95 NW 29th Street in Miami’s famed Wynwood Arts District. This milestone, which took place with a groundbreaking celebration on Thursday March 2, 2023 followed by an afterparty at Oak Row Equities’ Oasis Wynwood campus, comes on the heels of securing $215 million in construction financing from Bank OZK for this dynamic project, designed by renowned architecture firm Gensler.

The Wynwood Plaza will encompass a residential building featuring 509 luxury rental apartments, an array of indoor and outdoor dining and shopping options, as well as a highly amenitized office tower. The development will be defined by a half-acre, lushly landscaped public plaza that will be the largest in the Wynwood Arts District and one of the largest in all of Miami. Designed by James Corner Field Operations, the landscape architecture and urban design practice behind Miami’s Underline and New York City’s High Line, the most iconic public facing feature will be a pedestrian paseo adorned with large palm trees and a unique variety of local vegetation.

Two floors of the 12-story office tower are pre-leased. Prominent investment firm Claure Group, led by Marcelo Claure, will establish its headquarters in 25,400 square feet across the entire eighth floor. Weitz & Luxenberg, an acclaimed nationwide law firm, will open its first Miami office in 18,000 square feet across the second floor.

“Recognizing the need to create something of lasting value to Miami, we assembled an all-star team capable of cultivating an environment that is every bit as unique, artistic and sophisticated as the colorful neighborhood that surrounds it,” said David Levinson and Robert Lapidus of L&L Holding Company. “We are thrilled to share this important moment with our partners Oak Row, Shorenstein, and Claure Group, as well as all of the local stakeholders who made this milestone possible.”

“The groundbreaking at The Wynwood Plaza is a defining milestone for our firm and our partners. This historic project will further enhance the globally-recognized Wynwood Arts District and serve as a bold example of our commitment to placemaking for the local community,” said Erik Rutter and David Weitz, Managing Partners at Oak Row Equities.

“With expectations from commercial tenants and residents alike higher than ever for the places they choose to live and work, we are confident The Wynwood Plaza will stand out and raise the bar,” said Matt Knisely, Managing Director at Shorenstein Properties. “At Shorenstein, we are focused on investing in best-in-class and highly differentiated projects in compelling markets, and this partnership exemplifies our proven approach.”

The Wynwood Plaza’s Class AAA office tower will encompass 266,000 square feet with efficient floor plates that create light-filled workspaces and private terraces on each floor. Tenants will have access to dedicated indoor and outdoor amenities, including a fitness club, cafe and bar lounge, conference and collaboration spaces, and expansive rooftop. The tower will also feature best-in-class air filtration, touchless entry, and elevator systems.

Luxury rental apartments will feature floor-to-ceiling windows, state-of-the-art appliances, exceptional finishes, and flexible layouts. An expansive amenity package will feature four activated rooftops with a sports court, two outdoor pools with showers, a sauna, hot tub and cold plunge pool, and a glass atrium with co-working spaces, private phone rooms, and a game lounge. In addition, residents will have access to a modern fitness center with state-of-the-art equipment and dedicated areas for yoga and other exercise classes.

The Wynwood Plaza will also include 32,000 square feet of retail, including 6,600 square feet of outdoor dining. An eclectic mix of lifestyle boutiques, curated storefronts, convenience locations, and fast casual spots are envisioned for the campus.

Situated on a main pedestrian thoroughfare, the airy, stylish spaces will feature full glass storefronts with the opportunity for impactful exterior signage. To showcase and elevate the creativity of the surrounding community, L&L Holding and Oak Row Equities will collaborate with local artists to include curated works and installations throughout for residents and the community to enjoy.

With construction now underway, completion is anticipated in 2025.

Continuum Company Announces Cullen Mahoney As New Senior Development & Acquisitions Officer

Continuum Company, a New York City-based boutique real estate development firm focusing on ground-up developments that create value for both the consumer and investor, announced today that Cullen Mahoney is joining the company as the Senior Development & Acquisitions Officer for Florida.

“Continuum Company is thrilled to welcome Cullen to the team,” Alexandra Eichner, President of Continuum Company, said. “We believe he is the perfect addition as we begin to hone in on the South Florida real estate market.”

For the past two decades, Continuum has eyed South Florida as an up-and-coming real estate enclave. In 2000, Continuum launched its first South Florida-based high-rise project, now known as the Continuum, which boasts a 42-floor north tower and a 37-floor south tower for a total of 527 units. Continuum has recently emphasized further expanding its projects into the South Florida market. Spearheaded by Alexandra Eichner and Phil Gutman, President of PGutman, Continuum has commenced construction on La Baia South, which is 100% sold, and launched sales on La Baia North. Additionally, Continuum just announced that it acquired a 1.34-acre site in North Bay Village for a brand-new luxury condominium building.

Enter Mahoney – with over a decade of experience in real estate and development in South Florida, he will serve as a tremendous asset to Continuum as the firm continues to expand into the Florida market. Prior to joining Continuum, Mahoney worked as a Development Manager for Miami-based Related Group. In this role, he worked on several Miami-based development projects in both the luxury condominium division and the market-rate apartment division, most notably his involvement with Residences by Armani/Casa. His collective real estate projects portfolio is valued at over $1 billion.

Prior to joining Related Group Mahoney graduated from University of Miami School of Law with a Masters of Law in Real Property Development.

“Since the pandemic, South Florida has seen unprecedented growth. While inflation impacts construction costs and higher interest rates cool demand, we are continuing to see a steady wave of sophisticated buyers transacting in our market,” Mahoney said. “Continuum is carefully curating development sites and providing a high-quality product that continues to be prosperous regardless of market conditions. I am excited to join the team,” he adds.