New Development To Serve As Wynwood’s First True Class A Office Space

Dec 18, 2018 No Comments by

Sterling Bay, the Chicago-based real estate investment and development firm, and institutional investors advised by J.P. Morgan Asset Management have completed the purchase of 545wyn in Miami.

Located at 545 NW 26th Street, the 10-story, 325,000-sq.-ft. mixed-use development was designed by the San Francisco-based design and architecture firm Gensler, and will be Wynwood’s first true Class A office space.

 

“Situated at the center of Miami’s most bustling neighborhood for growth, 545wyn will be developed by our team at Sterling Bay along with our partners, J.P. Morgan, with three simple, yet crucial goals in mind,” says Andy Gloor, Managing Partner at Sterling Bay. “To deliver an unprecedented, immersive office and retail experience to the City of Miami, to preserve Wynwood’s artistic charm and to engage the surrounding neighborhood thoughtfully both inside the building and out.”

 

“We are very excited to be partnering with Sterling Bay on bringing the first large, Class A creative office building to Wynwood to capture the growing creative office demand in Miami,” said Preston Meyer, Managing Director, at J.P. Morgan Asset Management.

545wyn will feature a progressive design with more than 298,000 sq. ft. of modern office space on oversized in-demand floor plates, ranging from 16,000 sq. ft. to 36,000 sq. ft. On the ground floor, the building will have 26,000 sq. ft. of retail with a heavy emphasis on food and beverage. In addition, the building will include 420 parking spaces on floors 2-4 and a 18,000-sq.-ft. tenant amenity floor, which will include indoor/outdoor collaborative space, conference rooms, a state-of-the-art wellness center, private tenant open-air balconies and a paseo park connecting 26th and 27th Streets with 3 new retail spaces. These amenities, coupled with Sterling Bay’s award-winning design capabilities, will raise the bar and set a new standard for creative office space in Miami.

CBRE has been appointed as exclusive office leasing partner for 545wyn, which is already capturing the attention of Miami’s office users.

 

“Bringing Sterling Bay and J.P. Morgan’s innovative concept of the tenant experience to Miami will be a game changer. 545wyn will set the new standard that many will emulate,” said Diana Parker, Senior Vice President at CBRE.

To preserve the distinctive artistic roots of the Wynwood community, the developer will reserve the west facade of the office tower as a canvas for yet-to-be-designed, commissioned murals by local community artists. In addition, all parking decks will be designed to accommodate murals and mosaics that will be visible from the street.

“We are excited to extend the Sterling Bay track record for delivering state-of-the-art office space that not only transforms business operations but attracts quality talent and strengthens the surrounding Wynwood district,” states Gloor. “We can’t wait to contribute a leading-edge space for continued innovation and collaboration in this already unique, expressive community.”

 

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Industry News, Miami-Dade County Office, Miami-Dade County Retail, NA, Office, Retail
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