Fisher Brothers has broken ground on Wynhouse Miami, a mixed-use multifamily community located at 2200 NW First Ave in Miami, Fla. Appropriately named after its location in the Wynwood neighborhood, the eight-story Wynhouse Miami will feature 308 units. JPMorgan Chase and affiliates of Canyon Partners provided $117.5 million in financing for the community.
After its construction finishes, Wynhouse Miami will span 308 units, comprised of studio, one- and two-bedroom apartments. Alongside the homes, the company plans develop some 26,000 square feet of ground floor retail space and pedestrian paths, in addition to 25,000 square feet of indoor and outdoor amenities.
Units sizes at Wynhouse Miami will range from 474 to 1,405 square feet and will feature interiors designed with neutral tones complimented by colorful accents. Wynwood is historically known for its street art, having transformed from a warehouse district into a popular residential neighborhood. As a homage to the area’s history, public art will be featured on the building’s façade and pedestrian paths, or paseos in Spanish.
Resident amenities are set to include a fitness center, spa, grilling area, outdoor entertainment area, expo kitchen, multi-story courtyard and a second-story lawn area, alongside co-working, entertainment and creative lounges. The rooftop pool area will offer views of Downtown Miami.
Suffolk Construction is building the community, and Nichols Architects is the project’s architect. ID & Design International is heading up the development’s exterior design while Rockwell Group oversees indoor and outdoor amenity arrangements.
Wynhouse Miami is set to finish construction in January 2025. The community is part of the Fisher Brothers’ House brand, a series of amenity-driven properties designed specifically with their location’s surroundings in mind.
The Miami hot spot
South Florida has seen market stabilization after two years of rapid growth, posting an occupancy rate in March in stabilized properties of 96.0 percent. Further, the area ranks sixth nationally for rent growth as of April.
While investment and development activity has decelerated, there are still plenty of deals underway. Recently, The Swerdlow Group topped off another mixed-use development in the area. The 578-unit community, Block 55, first broke ground in 2020.
