TCO Received for Wynwood Rental Building: Amara

Key Points

• 210-unit mixed-use development at 45 NE 27th St in Wynwood now leasing

• Features Miami’s only rooftop sculpture garden and murals by local artist Tes One

• Units range from 467 to 1,206 sq ft, with rents starting at $2,775/month

Amara Wynwood, a new luxury multifamily development in Miami’s vibrant Wynwood neighborhood, has officially received its Temporary Certificate of Occupancy (TCO) and is now welcoming residents. This eight-story, 210-unit complex not only offers upscale living spaces but also integrates art and culture, reflecting the creative spirit of its surroundings.

Project Overview

• Location: 45 NE 27th Street, Miami, FL 33137

• Developers: PGIM Real Estate and Fifield Companies

• Units: 210 luxury apartments (studio, one-, and two-bedroom layouts)

• Retail Space: Approximately 11,604 sq ft on the ground floor

• Amenities:

  • Rooftop sculpture garden featuring works by local artists

  • Murals by Miami-based artist Leon Bedore (Tes One)

  • Resort-style pool deck with private cabanas

  • Indoor co-working and conference rooms

  • Wellness suite with sauna, cold plunge, and red-light therapy room

  • Pet spa and dog run

Out-of-State Investment Trends

Amara Wynwood is developed by Chicago-based Fifield Companies and PGIM Real Estate, highlighting a growing trend of out-of-state and international developers investing heavily in Miami’s urban core. This influx signals broader confidence in the city's economic resilience and appeal. With Miami’s robust population growth, favorable tax climate, and cultural cachet, it's increasingly seen as a prime destination for national real estate capital.This project showcases how national players view Miami not just as a vacation hub, but as a long-term, high-yield investment market.

Market Impact

Amara Wynwood's entry into the market adds significant inventory to Miami's luxury rental sector, particularly in the Wynwood area, which is known for its artistic vibe and cultural attractions. The development's integration of art and high-end amenities sets a new standard for residential offerings in the neighborhood.

With rents starting at $2,775 per month for studios and going up to $4,420 for two-bedroom units, Amara Wynwood positions itself competitively within the high-end segment of the market. The inclusion of ground-floor retail space also enhances the building's appeal and contributes to the neighborhood's commercial vitality.

Connectivity and Accessibility

Amara Wynwood boasts a Walk Score of 96, indicating a walker's paradise. Its proximity to public transit options, including Metrobus, Metrorail, and Brightline, as well as immediate access to major highways like I-95, I-195, and SR 112, ensures excellent connectivity to Downtown Miami, the Design District, Miami Beach, and Miami International Airport.

Appetite for Culturally Rich Living

Amara Wynwood isn’t just another luxury building—it’s a bold statement about where Miami’s rental market is headed. By blending high-end finishes with an unmistakable artistic edge, it taps into the soul of Wynwood while catering to upscale demand. For investors and landlords, it’s a crystal-clear signal: Miami’s appetite for premium, lifestyle-driven rentals in culturally rich neighborhoods is only growing. As the city continues its transformation into a global live-work-play hub, developments like Amara will be at the heart of the action.