Wynwood desperately needs more eyes on the street and density with full time residents. Goldman Properties has recently announced a residential development on the corner of NW2nd Ave and NW 27th Street (NW corner). I’m not 100% sure if they will be condos or rentals. Wywnood it mostly zoned T5, meaning you can’t build higher than 5 stories.
Goldman Properties also has a smaller project for an existing building located on the north side of the 300 block on NW 26th Street. This project will have retail on the ground floor with loft style apartments on the second and third floors. The project is called Wynwood House and it won’t be entry-level priced product either. It sounds like they expect to get Brickell-like prices and the units will be larger live/work spaces with high ceilings.
Other than some run down singly-family homes and a handful of poorly maintained multifamily apartments, Wynwood has very little residential housing stock. Don’t get me wrong; some of the single-family homes and multifamily buildings between NW 2nd Ave and North Miami Avenue are beautiful, they just need a little TLC. Wywood Lofts, built by David Lombardi in 2005, is really the only quality residential housing in Wynwood.
Coming soon to Wynwood, is the long-stalled Filling Station project that just sold for $9.2 million. Metro 1 Properties will be handling the leasing of this project. FLS Development will invest $11 million to complete the project by the first quarter of 2014. Includes 81 loft apartments and ground-floor retail. Work has already begun.
For those of you looking for a piece of Wynwood you may fancy this deal- Two single family homes and a 4-plex. This opportunity is 1 block away from the new Goldman Properties residential project and around the corner from Ducati’s new flagship showroom.