CIM Group has topped out construction on a new development in the Wynwood Arts district.
The mixed-use development has 60,000-square feet of office space, 27,000-square feet of retail space, 480 parking spots and 257 apartments. Located on a 1.78-acre site at 2201 N. Miami Ave., the area stretches the city block between NE 22nd and NE 23rd street. The street-level retail space will take up 250 linear feet of frontage on N. Miami Avenue to the west and Brightline Rail to the east.
The Wynwood Arts District is an area in Miami known for its arts and culture. Previously an industrial enclave, it's become home to Art Basel, one of the largest street art installations in the world, and now houses art galleries, shops and restaurants in repurposed factories and warehouses. CIM Group has been involved in projects in the greater Miami area for about 10 years.
The new office space is divided into three floors of 20,000 square feet, and users will be able to design and divide each floor into office suites. This allows tenants flexibility to create additional space between workers amidst new social distancing requirements post-coronavirus pandemic. The raw office space will also feature floor-to-ceiling windows with 12-foot high ceilings, which will create the illusion of more space.
The 257 residential units are located in two eight story towers above the retail and office spaces on the northern and southern ends of the block. The apartments in the towers feature units with ranging from studio apartments to three-bedroom apartments.
One Real Estate Investment is developing the property with CIM Group. CIM also developed Caoba, a 444-unit apartment tower in the same area that opened to residents in January, and is also co-developing the 27-acre mixed-use Miami World Center project, which should be complete in 2021.
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