PMG, LNDMRK Secure $126M Loan and Break Ground on Wynwood Condo Project

• PMG and LNDMRK Development secure $126M construction financing
• Project includes 233 fully furnished residences with Airbnb flexibility
• Located in Wynwood, one of Miami’s fastest-growing districts

What’s moving forward in Wynwood

PMG and LNDMRK Development have officially broken ground on Twenty Sixth & 2nd Wynwood Residences, an eight-story boutique condominium project at 2600 NW 2nd Avenue. The development is backed by $126 million in construction financing provided by Madison Realty Capital and Siguler Guff. This milestone pushes the project into active construction, with completion targeted for Q2 2028.

What makes the project different

The development will deliver 233 fully finished and furnished units, with a structure designed around flexibility. Select residences include deeded office suites, and owners will be able to rent units on Airbnb year-round, supported by on-site management. This hybrid model blends residential ownership, hospitality, and remote work infrastructure, a format that is increasingly being tested in urban markets.

Design and amenities

Designed by CUBE 3, the building will incorporate over 32,000 square feet of wellness-focused amenities. These include a rooftop pool lounge, fitness center, spa-style thermal circuit, meditation spaces, and co-working areas integrated with private office suites. Retail will also play a role, with approximately 26,000 square feet of ground-floor space, helping activate the street level and tie into Wynwood’s pedestrian-heavy environment.

Market positioning

The project is already 73 percent sold, indicating strong early demand. Pricing ranges from roughly $500,000 to $1 million, placing it within the attainable luxury segment for Miami buyers and investors. Its positioning targets both end users and short-term rental investors, particularly those seeking exposure to Wynwood’s cultural and tourism-driven growth.

Why Wynwood continues to attract development

Wynwood has evolved from an arts district into a full mixed-use neighborhood with residential, retail, and hospitality integration. Projects like this reflect the next phase of that evolution, where developers are introducing flexible, residential products tied to lifestyle and income generation. For investors, this signals continued momentum in short-term rental-friendly developments and hybrid living concepts