Wynwood 1,300-Unit Mixed-Use Development

Asset Overview

This assemblage comprises nine contiguous parcels totaling 83,492 square feet (1.9 acres) in Wynwood with approved entitlements for one of the highest-density multifamily developments available in Miami.

The approved program includes two 36-story towers at 390 feet in height, containing 1,300 residential units (650 per building) plus 21,601 square feet of ground-floor retail space. Gross building area totals 1.06 million square feet with 936 parking spaces.

Entitlement Status

The project has secured approvals from the Urban Development Review Board and Wynwood Design Review Committee for zoning. Pending approvals include Schematic Design, Construction Documents, and Design Development from the City of Miami — a streamlined path relative to projects requiring full rezoning.

Live Local Act Structure

The development proceeds under Florida's Live Local Act with at least 40% of residential units designated as affordable at 120% of Area Median Income. This designation enables expedited administrative approvals, bypasses certain local zoning restrictions, and provides favorable property tax treatment.

Importantly, the Live Local Act structure requires rental-only development — no condominiums. This aligns with institutional preferences for stabilized multifamily cash flows over for-sale inventory risk.

Market Context

Wynwood has transformed from industrial warehousing to Miami's premier creative and residential district over the past decade. The site benefits from proximity to the Wynwood Art District, Miami Fashion District, and Wynwood Technology District — a convergence of cultural and economic activity that commands premium residential rents.

Class A rents in Wynwood now exceed $3,000 per month for premium units, with new construction achieving $3,500–$4,000 for top-tier product. The neighborhood's walkability, transit access (2 minutes to Metrorail), and cultural cachet attract young professionals, creative workers, and international residents.

Approved entitlements at 684 units per acre are exceptionally rare in Miami. Most Wynwood parcels face height restrictions, lengthy approval processes, or fragmented ownership that prevents assemblage at this scale.

Investment Thesis

This represents a flagship development opportunity in one of the nation's most dynamic real estate markets. The combination of approved density, Live Local Act benefits, prime location, and institutional-scale creates a differentiated asset suited for major development sponsors.

Tokenization enables broader participation in development-stage projects that typically require $25M+ equity commitments — democratizing access to trophy development opportunities historically reserved for sovereign wealth, pension funds, and ultra-high-net-worth family offices.