Watch the Full Panel From PROFILEmiami's Exploration into Miami's Art In Public Places Initiative

Real estate news platform PROFILEmiami hosted a thought-provoking symposium about Miami’s Art in Public Places program. Hosted on March 28, 2018, the special panel event, which took place in downtown Miami’s Arts + Entertainment District in the CANVAS condominium tower being developed NR Investments, put a spotlight on future development in the city and explored best practices for the ongoing incorporation of works of art in real estate projects. 

Panelists Featured:
- Jeremy Calleros Gauger, Deputy Director of the Planning Department for the City of Miami
- Steven Gretenstein, Dacra COO
- David Polinsky, Fortis Design + Build Principal
- Gary Ressler, TILIA Companies Principal  
- Nir Shoshani, NR Investments Principal and A+E Co-Founder
- Moderated by: Demetri Demascus, PROFILEmiami Publisher

Guests, who were treated to cocktails and hors d'oeuvres by PROFILEmiami, additionally had a question-and-answer session with the panelists, getting the opportunity to delve into important topics and gain insights regarding unique initiatives unfolding within the city.  Before the panel began, CANVAS and NR Investments also hosted hardhat tours of the property, showcasing several of the condominium building’s 170-foot interior wall murals – all of which are being painted by urban contemporary artists from around the world.

Watch above or: https://youtu.be/pU2om2b0wpw

Check out the full gallery and inside scoop from PROFILEmiami Present's Miami's Art in Public Places Initiative Panel Hosted With CANVAS

Related Group & East End Capital's Wynwood 25 Tops Out, On Track For Completion Summer 2019

Related Group and East End Capital have officially topped out the Kobi Karp-designed Wynwood 25 and construction teams are on track for an expected completion in the summer of 2019. The mixed-use project features 289 rental apartments, 340 parking spots and 31,000 SF of ground-floor retail, making it one of the largest projects to be developed in the Wynwood neighborhood. Units range from studio to 1-bedroom, with some select larger units available. All residence feature 10'-12' ceilings with in-unit washer and dryers. Amenities at Wynwood 25 include a rooftop pool, rooftop barbecue area, rooftop movie lounge, bike room, EV car-charging stations, a state-of-the-art fitness center with yoga studio, a 12,000 SF green courtyard, and dog wash facilities, amongst others.

“This top-out brings us one step closer to achieving our vision of bringing top-tier living options to Miami’s most creative and artistic neighborhood,” said Jon Paul Perez, Vice President of The Related Group. “We expect Wynwood 25 to not only set the standard of living for the area, but also serve as a catalyst for the neighborhood’s next chapter. We look forward to a successful delivery next summer.”

Related Group & Block Capital Group Break Ground On The Bradley In Wynwood

Related Group and Block Capital Group have broken ground on The Bradley in Wynwood, one of Miami's first projects to feature micro-units. The project was designed by Arquitectonica and features interiors by Lenny Kravit's Kravitz Design. When complete The developers expect to close on a $33 million construction loan over the next few weeks. The Bradley will rise 5-stories and will bring 175 rental apartments, 32,000 SF of ground floor retail and a 179 spot parking garage to Wynwood. The units will range in size from 480 SF studios to 1,000 SF 3-bedroom units and monthly rents are expected to range from $1,400 to $2,800. Amenities include a gym and a rooftop deck with grill area and cabanas. The project was first introduced as Wynwood 26 and developers were able to secure a 30% reduction in parking, decreasing the amount from 254 zoning requires to 179 spaces via contributing to the Wynwood Parking Trust Fund. The Bradley is located at 51 Northwest 26th Street. Construction is expected to be completed in 2020. 

Inside PROFILEmiami's Art in Public Places Panel Event Featuring Leaders from City of Miami, A+E District, Design District and Wynwood

Real estate news platform PROFILEmiami hosted a thought-provoking symposium about Miami’s Art in Public Places program. The special panel event, which took place in downtown Miami’s Arts + Entertainment District in the CANVAS condominium tower, being developed NR Investments, put a spotlight on future development in the city and explored best practices for the ongoing incorporation of works of art in real estate projects. 

Moderated by PROFILEmiami publisher Demetri Demascus, the event featured a display of autos by Prestige Imports.  Panelists included Jeremy Calleros Gauger, Deputy Director of the Planning Department for the City of Miami; Dacra COO Steven Gretenstein; Wynwood BID Board Member and Chairman of the Planning & Transportation Committee David Polinsky; TILIA Companies Principal Gary Ressler; and NR Investments Principal and A+E co-founder Nir Shoshani. 

Guests, who were treated to cocktails and hors d'oeuvres by PROFILEmiami, additionally had a question-and-answer session with the panelists, getting the opportunity to delve into important topics and gain insights regarding unique initiatives unfolding within the city.  Before the panel began, CANVAS and NR Investments also hosted hardhat tours of the property, showcasing several of the condominium building’s 170-foot interior wall murals – all of which are being painted by urban contemporary artists from around the world.  

R&B Realty's The Gateway at Wynwood Launches Office Space Leasing, Gears Up To Break Ground

The New York-based R&B Realty has officially launched leasing at The Gateway at Wynwood, their new Class-A office building which is based at the intersection of Wynwood, Midtown and Miami Design District. Located at 2916 North Miami Avenue, the project is expected to become the first office building in Wynwood which has the capabilities of accommodating a major Class A tenant of scale. The Miami Urban Design Review Board issued a favorable recommendation following an October 2016 decision by the Miami Planning and Zoning Board granting R&B Realty's request to switch the property from multifamily to general commercial zoning in march 2017. The Gateway at Wynwood will feature over 420,000 SF of spacing including 200,000 SF of leasable Class A Office Space, 25,000 SF flexible floor plates, an on-site parking garage, floor-to-ceiling glass windows, a private rooftop terrace, around-the-clock security, and 25,000 SF of prime street-level retail space. Site preparations have begun, financing is secured, and groundbreaking will take place in the next 3 months as R&B Realty is set to begin construction "on spec." R&B Realty is looking to take advantage of strong demand and limited inventory of office space over the past five years where Wynwood has seen average office rents rise from $22.70 to more than $40.00 per square-foot as vacancy rates have fallen to 6.7%. Leasing is being overseen by Stephen Rutchik of Colliers EVP. The Gateway at Wynwood is expected to be completed in 2019.

“Artsy, accessible and efficient, The Gateway at Wynwood is the office address of choice for both creative directors looking for a hip, trendy location – and CFOs focused on the bottom line,” said Aron Rosenberg, chairman of New York-based R&B Realty. “Our team is confident in the Miami market, and we’ve encountered significant pre-leasing demand among tenants eyeing a move into Wynwood who view our building as the only option for true Class-A users, leading us to begin development ‘on spec.’”

“As Miami becomes more urban and new commercial districts emerge, office users of all sizes are seeking out space in well-located neighborhoods with strong quality of life offerings, like Wynwood and Midtown,” says Stephen Rutchik, executive vice president with Colliers International. “Capable of accommodating major global brands and entrepreneurial firms alike, The Gateway at Wynwood is the only true Class-A building under development in one of Miami’s fastest-growing submarkets.”

Moshie Mana Expects To Break Ground In Wynwood In Early 2018

Moshie Mana expects to break ground and begin construction on his Wynwood development site within the next 3 months to show the city of Miami that he means business. Mana plans to build the Americas-Asia Trade Center & International Financial Center (TCIFC) where phase 1 of the project will include developing 4.68 million SF over the 8.5 acre site including 1 million SF of "Class A" office space, 75,000 SF of retail and restaurants, a 400-room hotel and 90,000 SF of public space including landscaped parks, gardens and walkways. Mana did not specify which buildings he will break ground on first, but the entire project is not expected to be completed in 2028. Last year, Mana fought back against the Wynwood Business Improvement District over allegations that they were cutting close to $30 million of public benefits from their Wynwood project. Mana says they will still provide $45 million of public benefits with few changes to their original proposal. They were cutting a $10 million cash payment to the commission that was in exchange for a height increase to 24 stories. Mana will still provide $7.5 million to the Overtown CRA and $2.5 million to the commission. They also fought back about claims that they would be changing the phases of the project and were sticking to their original plan. Mana is looking for investors for the Wynwood project and has spent over $350 million on real Estate in Miami, mostly in Wynwood and Flagler Street in Downtown Miami.

Thor Equities Officially Begins Construction on Wynwood Walk After Locking Down Construction Financing

Thor Equities, a global leader in urban real estate development, leasing and management, have broken ground and officially commenced construction on Wynwood Walk (November 2017) after locking down construction financing from Bank of the Ozarks. Wynwood Walk will run the entire block from NW 29th Street to NW 28th Street near Wynwood’s northern entrance, and will bring the fast-growing neighborhood approximately 63,000 SF of new retail and restaurant space. Wynwood Walk is being developed by Thor Equities and is designed by Oppenheim Architecture. Thor plans to build a new-two story building with 20,400 square feet of commercial space and renovate three existing warehouses with another 36,884 square feet of commercial space on the property it owns between Northwest 28th Street, Northwest Second Avenue and Northwest 29th Street. The project will include a green rooftop, a paseo, 300' of retail frontage on NW 2nd Avenue, and a landscaped terrace with outdoor seating.

“We are excited to begin construction on this premier development situated in the heart of the Wynwood Art District, which continues to draw hundreds of thousands of visitors each year to its numerous galleries, open-air street art installations, retail stores, bars and restaurants,” said Joseph Sitt, CEO of Thor Equities.

Check-out PROFILEmiami's coverage of Wynwood Design Review Committee approval of Wynwood Walk from May 2017.

Construction Update: The Related Group & East End Capital Close on $58 Million Construction Loan & Breaks Ground on Wynwood 25

After closing a $58 million construction loan from Bank of the Ozarks, The Related Group and East End Capital have broken ground on Wynwood 25, the area's first major residential project to be built under the 2015 Neighborhood Revitalization District plan's zoning changes. Wynwood 25 is slated to bring 289 rental apartments, a host of embedded amenities, 31,000 square feet of retail and 340 parking spaces to Wynwood. The efficiently-sized units are designed to add desperately-needed reasonably priced living options to the city’s most creative and artistic neighborhood. Projected to rent for under $2,000 per month. East End Capital announced in May that The Related Group has acquired a 50% partnership interest in its Wynwood 25 project and they both co-control the development. 

"Projects like Wynwood 25 are key for the neighborhood to reach its full potential. Wynwood already has some of the city's favorite restaurants, coffee shops and other designations, 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. We look forward to setting the stand for all future projects in the area and delivering a project that complements the vibrant and walkable Wynwood Arts District," said Jon Paul Perez, Vice President, The Related Group.

“We are extremely proud to partner with The Related Group, who bring unparalleled development expertise to the endeavor,” said Jonathon Yormak, founder of East End Capital. “More importantly, Related shares our commitment to Wynwood and building a project that contributes to the existing fabric of the community.”

Floorplans will come in studio and one bedroom layouts. Units will feature 10' to 12’ ceilings, luxurious kitchens and bathrooms, and full-sized washer/dryers. Amenities will include a large state-of-the-art fitness center with yoga studio, collaborative work-from-home spaces, a coffee lounge opening onto the building’s 12,000 square foot green courtyard, bike storage, package storage, and dog wash facilities. It will also feature a landscaped roof terrace that includes a pool, barbeque, movie screen, outdoor and covered work areas, and green areas from which to take in the best views in Wynwood. Substantial art programming will be integrated into the building exterior, the paseo and the building interiors, creating a distinctive living experience.

"The vision behind creating the masterpiece of Wynwood 25 was to design a project that truly enhances the creative neighborhood of Wynwood. The Wynwood community is always evolving. Out goal was to create a project that has a sleek and modern design to become an iconic building in this thriving, vibrant community," said Kobi Karp, founder and Principal of Kobi Karp Architecture and Interior Design, Inc.

Related Group Buys into Wynwood 25 Rental Project as Jorge Perez Calls Wynwood "Very Hot"

Related Group has bought into Wynwood 25, a residential rental project in Wynwood, a neighborhood in which Jorge Perez has previously called "very hot." Wynwood 25 will now be a joint venture between Related Group and East End Capital, a New York based real estate developer. Wynwood 25 will feature 289 micro-units which will range from 400 SF to 1,200 SF and prices starting at $1,400 per month. 80% of the units will be priced under $2,000. The building will be designed by Kobi Karp and will also feature 31,000 SF of ground floor retail and 340 parking spaces. Groundbreaking is expected for summer 2017.

Wynwood Design Review Committee Approves Mixed-Use Wynwood Walk

The Wynwood Design Review Committee has granted approval to Thor Equities to build Wynwood Walk, a mixed-use project located at 2800 NW 2nd Ave. Wynwood Walk will be designed by Oppenheim Architecture and features 20,398 SF of commercial space including ground level retail and restaurants on the 2nd floor. There will also be 36,884 SF of adaptive commercial space between 3 existing warehouses on the property.