New York City-based real estate firm Fisher Bros. has announced the start of construction on its first foray into the Florida market — Wynhouse Miami, a 308-unit, mixed-use multifamily development underway in Miami’s Wynwood neighborhood.
Set to be completed in January 2025, Wynhouse Miami is the third development in Fisher Bros.’ House brand, a series of highly amenitized properties made to fit into the design context of the local neighborhood.
The eight-story building will include about 26,000 square feet of ground-floor retail and nearly 25,000 square feet of indoor and outdoor amenities. The exterior facade is inspired by both the surrounding industrial architecture of the Wynwood neighborhood and its graffiti and street art traditions with broad displays of public art.
The building design will incorporate two paseos, or public passageways, through these displays, encouraging both residents and passerby to engage with the building, spaces and retail, according to a press release.
“The project pays homage to the industrial, craft-oriented nature of the historic neighborhood,” said Andrew James, principal of Miami-based Nichols Architects, in the release. “At the same time, the contemporary identity of Wynwood is being reinforced by the paseos, which will enhance the pedestrian realm, and the application of art throughout the development, which integrates a special emphasis on how the art will be perceived from the street and surrounding area.”
Wynhouse Miami’s units will include studios and one- and two-bedroom apartments ranging from 474 to 1,405 square feet. Pompano Beach, Florida-based interior designer ID & Design International speced neutral tones with bold, colorful accents throughout the community in order to complement the character of the surrounding neighborhood.
“We took a deep dive approach to the design of Wynhouse Miami based on our fundamental understanding of the specific demographics and characteristics of this unique market,” said Sherif Ayad, president and CEO of ID & Design International, in the release.
The property’s lobby will double as a lounge, while the second floor features a lawn area, fitness center, coworking lounge with conference rooms, entertainment area, creative space and exposition kitchen. A multi-story, indoor-outdoor courtyard will connect these spaces together. The rooftop will feature a pool, spa, outdoor space and barbecue area.
Fisher Bros. recently secured $117.5 million in financing for the project from New York City-based financier JP Morgan Chase and affiliates of Los Angeles-based investment firm Canyon Partners. Fisher has also made Wynhouse Miami available on real estate crowdfunding platform CrowdStreet in a campaign that is currently ongoing.
