Miami's Wynwood Plaza is getting a big name, as Amazon has struck a deal to form a 50,333-square-foot office space. That marks the largest office space ever signed in Wynwood, according to a statement by L&L Holding Company and Oak Row Equities, which struck the agreement with the tech giant.
Project partner Shorenstein Investment Advisers and co-investor Claure Group are also included in the deal.
Wynwood Plaza, a mixed-use campus close to completion and set to take up a million square feet, includes 266,000 square feet of what L&L and Oak Row call "Class AAA work space." The office portion includes private terraces, floor-to-ceiling windows, column-free spaces, a fitness club, conference centers, and a golf simulator. Also, the 12-story tower will feature touchless entry elevators, a 25-foot-tall lobby, a parking garage, and outdoor amenities.
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Also, Amazon will join other tenants. For example, Claure will host its headquarters on the whole sixth floor (taking up 25,400 square feet), and law firm Weitz & Luxenberg will occupy 18,000 square feet on the second floor.
“We designed Wynwood Plaza’s office tower as a tech-forward environment situated within a larger hub of commerce, culture and entertainment,” Bryan Lapidus, vice president of L&L, said in a statement.
“We’re thrilled Amazon has selected Wynwood Plaza as its home in Miami. As one of the only new office towers delivering in the market this year, we’re confident it will continue to draw leading companies seeking a world-class, highly-amenitized workspace in one of the most exciting regions in the country.”
The entire Wynwood Plaza development, owned through a joint venture between Oak Row and L&L, is set to be completed early this year. Savills represented Amazon on the lease agreement. Wynwood Plaza got some self-representation from L&L, with Cushman & Wakefield assisting in those efforts as well.
The move comes as Amazon in the fall of 2024 issued a full return to the office demand for this year, impacting more than 350,000 corporate employees. However, those plans have been halted because the company does not have enough workspace to house them all just yet, according to Business Insider. So the Wynwood Plaza lease could be part of the move to satisfy Amazon's RTO demands.
Plus, Oak Row in December made the biggest land purchase in Miami history thanks to its agreement to acquire a 4.25-acre waterfront property in Brickell for $520 million.
In recent months, Amazon has been exploring office leases in New York. In fact, it struck a deal for 304,000 square feet of space in the Penn District in Manhattan, according to a report from CoStar. Plus, the New York Post reported that the Seattle-based firm was in talks to lease a property at 452 Fifth Ave in Manhattan. If completed, it would give the company another 350,000 square feet of space.
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