Metro1 Logo

Related Group, Thor Equities propose major projects in Wynwood

September 21, 2016

sfbj_header

Rendering of the Wynwood Plant

Rendering of the Wynwood Plant

Wynwood has become a popular tourism, shopping and dining destination so these major developers hope to add more residents to the neighborhood.

Miami-based the Related Group, the largest condo builder in South Florida, would build its 303,942-square-foot project on the 1.22-acre site at 2804, 2810, 2819 and 2828 N.W. 1st Ave., 110 N.W. 29th Street, and 75, 79 and 111 N.W. 28th Street. It acquired the property through subsidiary Wynwood 1st Ave Projects LLC starting in 2014.

Designed by Arquitectonica, the project would go on both sides of Northwest 1st Avenue with a 12-story tower for residential and a five-story building for office space. It would have 182 residential units in 115,000 square feet, 19,726 square feet of retail on the ground floor, 26,600 square feet of office space and 272 parking spaces.

This would primarily be a micro-unit building, with residential units from 416 to 892 square feet. Related Group said it has not been decided whether the units would be condos or rentals.

It would have an amenity deck with a pool and a 770-square-foot fitness room on the ninth floor. Both buildings would have rooftop terraces.

Metro 1 Development is the development partner of Related Group in this project.

“We are strong believers in Wynwood and look forward to developing residences in Miami’s most dynamic district,” said Carlos Rosso, president of the Related Group’s condo development. “Tony Cho and Metro 1 have unmatched market knowledge and our partnership will bring about a unique, walkable lifestyle opportunity to the Wynwood neighborhood.”

Attorney Carlos R. Lago represents the developer in the application.

Thor hammers out plan for residential and retail

The Wynwood Plant project by Thor Equities and partner Rockwood Capital would total 645,146 square feet.

Thor Weck Owner LLC, a joint venture between the development firms, owns the 2.07-acre site at 252, 268, 286 N.W. 29th Street and 2801 N.W. 3rd Ave. It acquired the property, plus some land across the street, for $26.9 million in 2015.

Wynwood Plant would have 305 residential units for about 296,000 square feet, 66,986 square feet of retail on the first two floors, and 673 parking spaces both underground and on four parking decks. Units would average about 969 square feet, ranging from one-bedroom studios to two bedrooms.

The 12-story building was design by Touzet Studio to include industrial elements, such as exposed beams and water towers that are reminiscent of its former use as a Coca-Cola bottling plant.

Amenities would include a pedestrian path between Northwest 28th Street and Northwest 29th Street, a fitness deck and dog park on the fifth floor, a yoga deck on the sixth floor and a pool deck on the roof.

“One of the key features is the pedestrian passage, which is proposed to be activated with retail uses inviting people in and also breaking up the larger block,” said attorney Steven Wernick, who represents Thor Equities in the application. “The connection to the Coca-Cola bottling plant and the specific architectural references that dates back to the 1920s and ’30s is a unique aspect of this project.”

Werneck said the pedestrian passage could send more foot traffic to Northwest 28th Street, which is currently one of the lesser-traveled streets in Wynwood.

Meanwhile, Thor Equities has listed a neighboring site of 2.46 acres for sale.

Call Us Now