Real Estate News

Sleek new Wynwood rental complex designed for millennial appeal

A new urban living complex is slated for once-gritty Wynwood.

East End Capital has filed plans with the City of Miami for Wynwood 25, a mixed-use development that would feature 289 rental apartments, collaborative work spaces, bike storage, dog-washing facilties and a rooftop pool terrace, plus retail space, according to a release. The 400,000-square-foot project is located between NW 24th and 25th Streets immediately west of Northwest Second Avenue.

The apartments — mostly studios and one bedrooms — are designed to appeal to cost-sensitive millennials. About 80 percent are expected to rent for less than $2,000 per month, according to the developer. The project was designed by Miami architect Kobi Karp to reflect the neighborhood’s industrial history. A pedestrian walk between 24th and 25th streets will include interactive art.

The project includes 340 parking spaces in the parking-challenged neighborhood.

“Wynwood is known for its cutting-edge art, world-class restaurants, creative office and hip retailers,” said Jonathon Yormak, managing principal of East End Capital, via a release. “Wynwood 25 marks the neighborhood’s next phase — an architecturally significant building that brings reasonably priced rental housing to people who appreciate Wynwood’s unique character and want to be a part of the community.”

Plans now must go before the Wynwood Design Review Board and the City of Miami’s Urban Design Review Board. East End hopes to break ground in the first quarter of 2017.

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