Oak Row Refinances Wynwood Plaza With $335M Loan From Blue Owl Capital

Key Points

• $335 million refinancing replaces a $215 million construction loan from Bank OZK.
• The project combines 266,000 square feet of office with a 509 unit apartment tower in Wynwood.
• Office tenants include Amazon, Claure Group, OKO Group, and Weitz & Luxenberg.

Mixed Use Miami Hub

Located at 95 Northwest 29th Street, Wynwood Plaza is a 1 million square foot, dual tower development featuring a 12 story office building alongside a 12 story apartment tower. The project was completed in October 2025, adding institutional scale density to one of Miami’s most active neighborhoods. The office component totals 266,000 square feet and is roughly 60% leased, reflecting continued demand for high quality space in lifestyle driven submarkets. The residential tower includes 509 apartments, with leasing nearing 50%, supported by in migration and job growth across Miami Dade County. Ground floor retail and dining further anchor the project, including Luca Steak, an Italian style steakhouse from chef Giorgio Rapicavoli, reinforcing Wynwood Plaza’s live work play positioning.

Inside the $335M Refinance

The refinancing replaces a $215 million construction loan and provides flexibility as lease up continues. The floating rate facility is managed by Blue Owl Capital, with the transaction arranged by Walker & Dunlop alongside  L&L Holding Company’s internal capital markets team. In a higher rate environment, the size and structure of the loan underscore lender confidence in the project’s sponsorship, tenancy, and long term cash flow profile.

Developer Background

Wynwood Plaza is backed by a deep and experienced ownership group. Oak Row Equities, led by Erik Rutter and David Weitz, is joined by L&L Holding Company, Shorenstein, and Claure Group, led by Marcelo Claure, former Sprint and SoftBank executive. Oak Row continues to expand its footprint across Edgewater, downtown Miami, and North Miami Beach, reinforcing long term conviction in South Florida’s urban core.

Bottom Line

The $335 million refinancing at Wynwood Plaza highlights the resilience of Miami’s office and multifamily markets, even as financing remains disciplined.

With marquee tenants, strong sponsorship, and a fully integrated mixed-use design, the project underscores why well located assets in Wynwood continue to attract institutional capital. For landlords and investors, the message is clear. Quality still wins in South Florida