29 NW 28th St - Wynwood HQ | Joint Venture or Outright Sale

Metro 1 Commercial is pleased to present the unique opportunity to either purchase the fee simple interest, or participate in the development of the Wynwood HQ (the “Property) as a joint venture partner.
The Property is in the process of receiving full entitlements to be developed as an eight-story mixed use building, consisting of 35 residential units, a ground floor / mezzanine restaurant and an activated rooftop lounge. The current developer/ owner has strategically value engineered the plans, allowing for significant cost savings on the construction and has meaningfully expedited the development timeline by working with the City of Miami on getting the project entitled for the last 2 years. The project is positioned as a high-end boutique multifamily project with activated retail spaces. As per the Miami 21 zoning code, the 35 residential units can be operated as traditional rental apartments on long leases or as short-term rentals (STRs) that can be rented out on a nightly basis.
The Property benefits from being in one of the most recognized and culturally celebrated destinations in Miami - Wynwood. The Property is positioned amongst a myriad of renowned restaurants, bars and nightlife, creating a submarket with bolstering hospitality market fundamentals.
The Wynwood HQ project represents an opportunity to acquire or partner on the development of a high-end boutique multifamily project in one of the most iconic submarkets in Miami.