Colliers’ Urban Core Division Hits the Market With Unique Wynwood Listing

Dec 03, 2017 No Comments by

As the Wynwood Arts District continues to evolve into a robust, round-the-clock community, the Urban Core Division of Colliers International South Florida has brought to market ‘The Oasis,’ a 35,000-square-foot assemblage of warehouse and retail space nestled on a 72,0000-square-foot site in the heart of Miami’s arts district.

Located at 2335 N Miami Avenue, the site will allow for 400,000-600,000 square feet of development and highlights the large-scale, vertical growth opportunity that has only recently emerged in the neighborhood.

 

“This is an opportunity to capture a parcel at the gateway of Wynwood,” said Colliers International South Florida Executive Vice President Mika Mattingly, who is representing the listing along with Leasing Associate Caitlin Inklebarger. “All asset types are in-demand here and so any future buyer is uniquely positioned to take advantage as the locale evolves from a nightlife, restaurant and entertainment mecca into a thriving neighborhood where residents live and work, in addition to play.”

In 2015, the City of Miami approved a new zoning plan for the neighborhood, which expanded approved uses for the area and accelerated the transformation of an area that was once best known for its vacant warehouses and gritty sidewalks. Since 2009, when Tony Goldman and Goldman Properties opened the Wynwood Walls, tens of thousands of visitors have flooded Wynwood’s graffiti-lined streets every month, and major developers such as The Related Group, East End Capital and RedSky Capital have planned mixed-use projects around the vibrant arts hub.

With frontage on Miami Avenue – the area’s north-south artery – and 23rd Street, the site also includes an existing 35,000 square foot warehouse and boasts a private cul de sac entrance, which would appeal to hotel and residential development users, though the generous zoning also lends itself to several varied uses. The Wynwood Neighborhood Revitalization District-1 (NRD-1) allows for up to eight stories with an additional four-story option in exchange for public benefit in some areas.

In addition to running through Wynwood, Miami Avenue traverses five of the most bustling neighborhoods in the dense urban core, a central focus for Colliers’ eponynmous division: the Design District, Midtown, the Arts & Entertainment Distict, Downtown Miami and Brickell.

 

“The demand is there – and The Oasis is a blank canvas for a new owner to harnass that interest and demand to support the continuous flow of visitors, residents, and employees that this area is seeing,” added Mattingly.

 

 

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Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, Miami-Dade County Retail, NA, Retail
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