Another Wynwood Megaproject Is Up for a Vote This Week

Categories: Unreal Estate

250_wynwood_condo.gif
250wynwood.com
250 Wynwood, one of many condo buildings already underway in the neighborhood.
Wynwood is changing at warp speed. Some walls are going up. Others are coming down. Galleries go out. Ducati dealerships come in. The only constant seems to be the neighborhood's ever-evolving coat of graffiti, shed periodically like a serpent's skin.

So it's no surprise that yet another controversial condo project is up for a vote this week. Wednesday night, the city's Planning, Zoning, and Appeals Board will consider a 264-unit condo building by developer David Edelstein.

See also: Wynwood's Identity Crisis: As Soaring Rents Shutter Galleries, Parking Garages and Luxury Stores Take Their Place

Edelstein is the man behind luxury hotel the W South Beach. He has partnered with New York real estate mogul Robert Futterman to create a company called SBT Wynwood II.

SBT wants to build what is becoming the standard Miami mixed-use development: a condo with retail and office space on the ground level. It's unclear from the plans how many stories SBT has in mind.

Before the project can go ahead, however, SBT needs to rezone the two acres near NW Third Avenue and 28th Street in Wynwood from light industrial to commercial.

Edelstein's condo venture isn't guaranteed victory. The Planning and Zoning Department has recommended against the project, pointing out it would tower over nearby stores.

Wynwood_Central_condo.gif
wynwoodcentral.com
A sketch of what Wynwood Central would look like.
More likely, however, is that the planners' recommendations will get bulldozed along with almost everything else in the neighborhood. As SBT's lawyers point out in their application, the city has already green-lighted Wynwood's first hotel just a block to the east.

The eight-story boutique hotel is the brainchild of the late Tony Goldman. It will be built at NW Second Avenue and 27th Street on what is now an empty lot used for valet parking.

In fact, SBT's proposed project is just the tip of a condo iceberg already on a crash course in the historically Puerto Rican neighborhood.

Construction has already begun on Wynwood Central, a $50 million, 385,000-square-foot, mixed-use megaproject that will also be eight stories tall.

Even when planners protest, Wynwood's megaprojects proceed. Last week, the PZAB overwhelmingly approved to allow another developer to rezone a half-acre property on NW 24th Street so it could build another eight-story, 80-unit apartment building.

Wynwood lovers, beware: The condos are coming, whether you want them or not.

Send your tips to the author, or follow him on Twitter.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.


Advertisement

My Voice Nation Help
18 comments
demoroman88
demoroman88 topcommenter

The death of wynwood approaches 

Giselle Real-d'Arbelles
Giselle Real-d'Arbelles

It's supposed to be the ART DISTRICT. Not a place for condos. This sucks. I'm all for improving our neighborhoods but is this really the only way? :( #sad #gentrificationsucks

Gabriella Echeverria
Gabriella Echeverria

People stop complaining.. Be happy that the place you live in is changing for good! Dont you all "love NY"?

Marc Rosado
Marc Rosado

Sean McCaughan Residential for who though? Affordable?

Mada Lynn
Mada Lynn

the earth without art is jus EH

John Janik
John Janik

Hey good, so Miami can ruin something else that used to be nice.

Gary McFly
Gary McFly

But, but.. what about the hipsters? Where will they go for instagramin'? :P

ramon43
ramon43

hi just wondering who won ultra tickets 


Now Trending

Miami Concert Tickets

From the Vault

 

General

Loading...