Wynwood keeps getting more apartments. New condos are coming now, too.
Urbanites looking to live in Wynwood are getting new options — including condos from the fashion-savvy Diesel brand.
Miami-based firms Related Group, LNDMRK and Tricera Capital Wednesday launched construction on the Dorsey, a two-acre mixed-use development with 306 units named for Miami’s first Black millionaire. Renters should be able to move in come 2022.
Condo seekers will have to wait until 2023 to settle into the nearby Diesel Wynwood Condominium, from Italian clothing brand Diesel and the Italy-based Bel Invest Group. The sales effort — originally launched last December but put on hold during the pandemic — is now relaunching. Developers plan to start construction on the eight-story building during the second quarter of 2021.
Both projects are on Northwest 28th Street.
Related is leveraging off success it is seeing with other rentals.
“We have seen that the rental market has been performing consistently well amid the pandemic in our other projects,” said Eric Fordin, vice president at Related and the Dorsey project manager via email. “Similar to our strategies during previous downturns, we are working to position ourselves at the forefront of the market. We believe this will give us an advantage for when the market stabilizes and comes closer back to normality.”
The 12-story complex — on the site of a 1920s Coca Cola plant at 280 NW 28th St. — features 306 rental units ranging from 475-square-foot studios for $1,800 per month to 1,600-square-foot, three-bedroom units for $3,900 per month. Amenities include a dog park, gym, and spa.
The project, designed by Arquitectonica, will include 33,000 square feet of retail space, 78,000 square feet of office space, and a parking garage with 476 spaces. An indoor courtyard will sit in the center of the complex.
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Construction on the Diesel condo, at 115-167 N.W. 28th St., is expected to start in the second quarter of 2021. The 8-story building will house 143 units with prices ranging from $370,000 for a 400-square-foot studio to $5.5 million for a 2,376-square-foot penthouse with one bedroom and one-and-a-half baths. Amenities include a spa with a Turkish bath, steam room, rooftop garden, and gym.
This is Bel Invest’s fourth Wynwood project and Diesel’s first residential project.
Diesel and Bel Invest are betting that the influx of northeasterners will continue. “We are seeing a lot of New Yorkers coming to Miami,” said Maximilian Beltrame, CEO of Bel Invest.
Miami-based Zyscovich Architects went back to the drawing board on the design after COVID struck, said Mario Suarez, partner.
“We’re looking at finishes again,” Suarez said. “We know that on copper, pathogens have a very short life span versus on plastic they have a long lifestyle. We are just beginning this research.”
Wynwood continues to draw both residents and businesses, co-working firm Spring Place and music icon Pharrell. Land in the district is in high demand.
This story was originally published December 2, 2020 at 7:00 AM.
