Wynwood Plaza Development
Amazon has signed a lease for 50,333 square feet at Wynwood Plaza, marking the largest office lease in the Wynwood district. This mixed-use project features office spaces, retail, and residential units, underlining Miami’s growing corporate significance. With the office tower set to support various business functions, Wynwood Plaza aims to create a lively community hub. Other notable tenants include Claure Group and Weitz & Luxenberg, contributing to Wynwood’s image as a burgeoning business destination with a vibrant lifestyle.
Miami, the vibrant gem of Florida, is about to get a little more exciting! Amazon has just signed a lease for a whopping 50,333 square feet at the hotly anticipated Wynwood Plaza, marking it as the largest office lease recorded in this up-and-coming Wynwood district. Can you believe it? This is huge news for both the tech giant and the local community!
The Wynwood Plaza, located at 95 N.W. 29th Street, is an ambitious mixed-use project currently under construction. Spanning a massive 1 million square feet, the facility will fuse together office spaces, retail spots, and residential units, designed to create a hub of activity and business. It’s not just a workspace; it’s a lifestyle upgrade!
The office tower alone will boast 266,000 square feet of modern office space, coupled with 25,000 square feet earmarked for retail and a staggering 509 apartments. It’s safe to say that this project aims to cater to every need, from work to leisure!
Construction on this 2.85-acre site kicked off in early 2023, which means we’re on track for an early completion this very year. Just picture it: a magnificent 12-story building that’s not just about brick and mortar but about creating a community. As it draws nearer to completion, excitement is building?
While the exact rental terms between Amazon and Wynwood Plaza are yet to be announced, potential rental prices for office spaces in this trendy new district are fluctuating between $70 to $85 per square foot. It’s clear that prime real estate in Wynwood doesn’t come cheap, but with its rising star, who can blame them?
Amazon has confirmed its lease but isn’t sharing how many employees will be working there, keeping the mystery alive! From what we know, the new office will host several teams and business functions, which hints at a busy work environment bustling with innovation.
Amazon isn’t the only name making waves. Other tenants include Claure Group, which will occupy a sizeable 25,400 square feet for their headquarters, and the law firm Weitz & Luxenberg, taking up 18,000 square feet. It seems that Wynwood Plaza is shaping up to be the go-to destination for businesses looking for modern workspaces!
Amazon’s choice of Wynwood Plaza sends a clear message about Miami’s rising significance as a high-growth market. As the project comes to life, it is crafted to attract key enterprises seeking advanced and amenity-rich workspaces. The amenities planned for this location are nothing short of fabulous, featuring a fitness club, golf simulator, conference rooms, a rooftop deck, and a public plaza!
It’s intriguing to note that Cushman & Wakefield represented the landlords in this exciting lease deal, while Amazon turned to Savills for representation. The developers behind Wynwood Plaza include notable names like L&L Holding Co., Oak Row Equities, Shorenstein Investment Advisors, and Claure Group.
Adding another layer of interest to this development is the fact that Amazon’s new office is located close to Jeff Bezos’s recent home purchases in Indian Creek Village. It makes you wonder if there’s a personal investment in the area as well!
The developers are optimistic that Wynwood Plaza will draw even more tenants as the building nears completion. With Wynwood’s vibrant arts scene, eclectic shops, and mouth-watering restaurants, it’s becoming a magnet for companies and locals alike. Miami is truly on the map as a booming business hub!
So, keep your eyes peeled; Wynwood Plaza is paving the way for a new era of work-life balance. Who knows what exciting developments are just around the corner?
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