Short-Term Offices? Lombardi Properties Unveils 12-Story Wynwood Tower

Key Points

• 12-Story Development: Lombardi Properties plans a new office building at 161 N.W. 29th Street in Miami's Wynwood neighborhood. ​

• Spec Suites with Short-Term Leases: The project features move-in-ready office suites ranging from 900 to 2,400 square feet, available for leases as short as two years. ​

• Amenities Galore: Amenities include an outdoor terrace, gym, yoga room, and lounge on the ninth floor. ​

Lombardi Properties is set to transform Miami's Wynwood district with a proposed 12-story office building at 161 N.W. 29th Street. Designed to cater to businesses seeking flexible, move-in-ready spaces, this development offers short-term leases and a suite of modern amenities. As Wynwood continues its evolution into a bustling hub for arts, dining, and commerce, this project aims to meet the growing demand for adaptable office environments.​

Project Overview

• Location: The proposed building will replace an existing 4,067-square-foot commercial structure from 1972, situated on a 12,200-square-foot lot at 161 N.W. 29th Street and 160 N.W. 30th Street.

• Office Space: The development includes 45,666 square feet of office space, with floors two through eight offering spec suites between 900 and 2,400 square feet, each equipped with conference rooms and kitchens. ​

• Amenities: The ninth floor features an outdoor terrace, gym, yoga room, and lounge, while floors 10 through 12 provide full-floor offices of 2,492 square feet each. ​

• Parking: The building will offer 25 parking spaces, with the developer contributing to the Wynwood Parking Fund to offset a reduction of 60 onsite spaces. ​

Tailored for Tenants

Daniel Lombardi of Lombardi Properties emphasizes that the building is tailored for tenants who find traditional office spaces either too large or inflexible. By providing furnished offices with short-term leases, the development addresses the needs of businesses seeking agility without committing to long-term agreements.

Wynwood's Office Market Landscape

Wynwood has experienced significant growth in its office market, attracting high-profile tenants like Amazon, which signed a major lease in January. As of the fourth quarter, the Wynwood/Design District office market reported a 17.2% vacancy rate, with Class A spaces averaging $79.50 per square foot. The neighborhood's appeal continues to rise, driven by its vibrant arts scene and burgeoning commercial developments.​

Developer's Track Record

Lombardi Properties has been instrumental in Wynwood's transformation since 2000, completing 160,000 square feet of new construction and 50,000 square feet of adaptive reuse projects. The company recently broke ground on the Doris office building in 2024, further cementing its commitment to the area's growth. ​

Wynwood's Business Evolution

Lombardi Properties' latest venture underscores Wynwood's evolution into a dynamic commercial district. By offering flexible, fully equipped office spaces with attractive amenities, the development is poised to meet the demands of modern businesses seeking adaptability in a vibrant community. As Wynwood's popularity continues to surge, such projects play a pivotal role in shaping its future landscape.​