L&L Holding, Oak Row Equities, Claure Group & Shorenstein JV Tops Out Construction of 509-Unit Multifamily Development in Miami

A collaborative effort between L&L Holding Co., Oak Row Equities, Shorenstein Properties, and Claure Group culminates in the topping out of the Residences at The Wynwood Plaza. This luxurious 509-unit multifamily development in Miami is set for completion in 2025.

Amenities Redefining Comfort

Envisioned by Gensler, the Residences at The Wynwood Plaza will offer a variety of living options, including studio, one- and two-bedroom layouts boasting floor-to-ceiling windows and adaptable designs. Among the anticipated amenities are a fitness center, two outdoor pools, coworking spaces, a sauna, a game lounge, and a multi-purpose sports court, all promising a lifestyle of convenience. Adding to the allure, the property will also unveil a 26,000-square-foot landscaped public plaza adorned with captivating sculptures and art installations.

Unveiling a Creative Urban Haven

This innovative project encompasses a chic office tower, 32,000 square feet of vibrant retail space, and a charming half-acre landscaped public plaza, all interwoven to craft a unique urban tapestry.

A New Era in Development

In the beginning of 2023, the JV kicked off construction on The Wynwood Plaza following the successful acquisition of the site thanks to $215 million in funding from Bank OZK. The developers purchased the 2.9-acre site in 2020, paving the way for two strategic upzonings that enabled a heightened residential density, surpassing the initial concept of 319 units.

Miami Metro Development Boom

During the year 2023, the Miami metro area witnessed the initiation of construction on an impressive 70 properties, adding up to a remarkable total of over 19,600 residential units. Simultaneously, the completion of 70 properties resulted in the introduction of nearly 17,000 new residences to the market, reflecting a bustling period of real estate development and growth.

New Heights in Wynwood

One particularly noteworthy luxury project unfolding in Wynwood is a 210-unit community currently under development, led by Fifield Cos. and PGIM Real Estate. The commencement of vertical construction signifies a significant milestone in this up-and-coming residential endeavor, positioned less than a mile away from The Wynwood Plaza, promising a blend of modern living in a vibrant neighborhood setting.