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Why are developers choosing Wynwood as the perfect spot for their co-living projects?

06 Sep
Why are developers choosing Wynwood as the perfect spot for their co-living projects?

Wynwood has been transforming from a tourist attraction to an actual innovative living area. With amazing business ideas, this neighborhood is now home of preconstruction of co-living apartment buildings with world-class shared amenities and service which has been extremely appealing to more than one public.

One of the main developments taking place in Wynwood right now is the $46 million /1.6-acre terrain purchase at 2431 NW Second Avenue in Miami. Developed by Property Markets Group (PMG) in partnership with Greybrook, this project will be an 8-story mixed-use development with retail spaces, hotel rooms, rooftop bar, restaurant, and over 220 rental apartments from which 30% will be co-living spaces where tenants will have the possibility of renting by room and have some world-class shared common areas. This project promises to be similar to X Miami, the 32-story Hotel & Residences in Downtown.

One of the main goals of this new construction is to target a larger market by rebranding the co-living idea. That’s why this project, and all of them in general, are not limiting themselves by being exclusively residential, but they’re opening to commercial real estate too.

There is a large list of developers focusing on Wynwood and on this Co-living apartments, with office space, restaurants, retail complex, or even art galleries, all in one same venture. Some of them are, The Collective with the 8/12 stories co-living scheme with restaurants and art studios, The Related Group with two different apartment buildings, and Lennar Corp with a 189-unit apartment building.

One of the biggest advantages Wynwood neighborhood has to offer is the fact that it’s one of the most walkable and energetic areas in Miami. With a lively environment, Wynwood is a no brainer.

On the constantly moving world we live on nowadays, people will try to get a more relaxed, creative and inspiring lifestyle. Three characteristics that perfectly describe this area.

The location and space efficiency that you can get in Wynwood in unbeatable! These projects offer a communal environment with a creative lifestyle full of diversity, art, and culture that perfectly matches the neighborhood.

 

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Posted by on September 6, 2019 in News

 

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