TOTAL AREA: 60,238 SQ.FT.
Wynwood Development Table of Contents 03 Project Overview
15 Conceptual Drawings
17 Location
20 Demographics
23 Site Plan
26 Building Efficiency
29 RelatedISG Project Overview Project This featured property is centrally located in one of Miami’s hottest and trendiest neighborhood, Wynwood. The 60,238 SF site offers the unique possibility to develop one of South Florida’s most ground-breaking projects. There has only been a select amount of land deals in the past few years available in this neighborhood, and it is not common to find anything over 20,000 SF on average. With its desirable size and mixed use zoning, one can develop over 300 units with a retail component.
Wynwood has experienced some of the highest rental rates of any area of South Florida, exceeding $3 per SF, and retail rates exceeding $100 SF. As the area continues to grow and evolve into a world renowned destination, it is forecasted that both residential and retail rental rates will keep increasing. Major landmark projects such as the Florida Brightline and Society Wynwood, as well as major groups such as Goldman Sachs, Zafra Bank, Thor Equity and Related Group investing here, it is positioned to keep growing at an unprecedented rate.
Name Wynwood Development Style Development Site Location Edgewater - Miami 51 NE 22th Street Miami, FL 33137 Total Size 60,238 SQ. FT. (1.3829 ACRES) Lot A 50 NE 23nd STREET Folio # 01-3125-015-0140 Lot B 60 NE 23nd STREET Folio 01-3125-011-0330 Lot C 68 NE 23rd STREET Folio 01-3125-011-0320 Lot D 76 NE 23rd STREET Folio 01-3125-011-0310 Lot E 49 NE 23rd STREET Folio 01-3125-015-0140 Lot F 51 NE 23rd STREET Folio 01-3125-015-0130
Zoning T6-8-O URBAN CORE TRANSECT ZONE 04 Development Regulations And Area Requirements
DEVELOPMENT REGULATIONS AND AREA REQUIREMENTS
DESCRIPTION VALUE CODE SECTION REQUIRED PERMITTED PROVIDED
CATEGORY RESIDENTIAL PERMITTED COMMERCIAL LODGING RESIDENTIAL COMMERCIAL LODGING RESIDENTIAL LODGING PERMITTED GENERAL COMMERCIAL PERMITTED
LOT AREA / DENSITY MIN.5,000 SF LOT AREA MAX. 40,000 SF LOT AREA 150 DU * 1.3829 ACRES = 207 UNIT MAX 101 DU MAXIMUM DENSITY OF: 150 DU PER ACRE *** 1 DU = 2 LU *** 199 LU
MAXIMUM HEIGHT 8 STORIES MAX. POSSIBILITY OF 12 STORIES MAX. 12 STORIES MAX. 12 STORIES WITH PUBLIC BENEFITS WITH BENEFITS
MAX. HEIGHT STORY = 14'-0" MAX. HEIGHT GROUND FLOOR RETAIL = 25'-0"
LOT COVERAGE 1-8 STORIES = 80% 1-8 STORIES = 80% 1-8 STORIES = 73% - ABOVE 8 STORIES = 15,000 SQ.FT. MAX - ABOVE 8 STORIES 15,000 SQ.FT. MAX -ABOVE 8 TOWER 1 = 8,730 FLOORPLATE FOR RESIDENTIAL & LODGING -ABOVE 8 TOWER 2 = 7,200
LOT WIDTH MINIMUM LOT WIDTH 50'-0'' MIAMI 21 / ARTICLE 5 50'-0'' MIN. 280'-0''
FLOOR LOT RATIO FLOOR LOT RATIO IS MAXIMUM 5.0 60,238 SF * 5 = 301,190 SF MAX. APPROX. 339,120 SF +25%WITH ADDITIONAL PUBLIC BENEFITS +25% 75,297 SF WITH PUBLIC BENEFITS *THIS IS GROSS, FLR NEED TO BE CALCULATED FROM
TOTAL 376,487 SF THE INTERIOR FACE OF THE EXTERIOR WALLS
MINIMUM FRONTAGE MINIMUM 70% NE 23RD STREET = 194'-0 * 0.7 = 136'-0" NE 23RD STREET = 154'-0"
ALL FRONTAGES ARE APPROXIMATE UNTIL WE NE 22ND STREET = 230'-0 * 0.7 = 161'-0" NE 22ND STREET = 174'-0" RECEIVED THE UPDATED LAND SURVEY
OPEN SPACE 10% MINIMUM OF THE LOT AREA 60,238 SF * 10% = 6,024 SF MIN. 16,132 SF = 27% 05 Building Setbacks
BUILDING SETBACKS
DESCRIPTION VALUE CODE SECTION REQUIRED PROVIDED
PRINCIPAL FRONT 10'-0" MIN. UP TO 8th FLOOR MIN.10'-0" MIN. 20'-0" ABOVE 10'-0" - 20'-0" ABOVE 20'-0" MIN. ABOVE 8TH FLOOR 8th FLOOR 8th FLOOR
SECONDARY FRONT 10'-0" MIN. UP TO 8th FLOOR MIN.10'-0" MIN. 20'-0" ABOVE 10'-0" - 20'-0" ABOVE 20'-0" MIN. ABOVE 8th FLOOR 8th FLOOR 8th FLOOR
REAR SETBACK 0'-0'' MIN. UP TO 8th FLOOR MIAMI 21 MIN.O'-0" MIN. 30'-0" ABOVE 0'-0" - 30'-0" ABOVE 30'-0'' MIN. ABOVE 8th FLOOR ARTICLE 5 8th FLOOR 8th FLOOR
SIDE SETBACK 0'-0" MIN. UP TO 8th FLOOR MIN.0'-0" MIN. 30'-0" ABOVE 0'-0" - 30'-0" ABOVE 30'-0" MIN. ABOVE 8th FLOOR 8th FLOOR 8th FLOOR
06 PARKING DATA - RESIDENTIAL
PARKING DATA - RESIDENTIAL
DESCRIPTION VALUE CODE SECTION REQUIRED PROVIDED
PARKING SPACE FOR 90 DEGREES PARKING: STALL SHALL BE 8'-6'' X 8'-6" X 18'-0" 8'-6" X 18'-0" DIMENSIONS 18' AISLE WIDTH SHALL BE MIN. 23' TWO-WAY
PARKING SPACE COUNT RETAIL 1 PARKING SPACES PER 333 SF OF RETAIL USE SEE PAGE 006
RESIDENTIAL 1.5 PARKING SPACES PER DWELLING UNIT MAX 1 PARKING SPACE PER MICRO DWELLING MIAMI 21 UNIT WITH A MAXIMUM OF 1 ADDITIONAL VISITOR ARTICLE 4 PARKING CALCULATION WITH SHARED PARKING PARKING SPACE FOR EVERY 10 MICRO DWELLING UNIT TOTAL REQUIRED (132 PARKING SPACES / 1.1) + 164 PARKING SPACES = LODGING 284 PARKING SPACES MIN. 1 PARKING SPACE FOR EVERY 2 LODGING UNITS MIN. 1 ADDITIONAL VISITOR PARKING SPACE TOTAL PROVIDED FOR EVERY 15 294 PARKING SPACES LODGING UNITS
LOADING SPACE RESIDENTIAL LOADING BERTH: 10' X 20' 2 BERTH OF 2 BERTH OF COUNT COMMERCIAL LOADING BERTH: 12' X 35' 12' X 36' 12' X 36' 07 FOR SITES WITH 340'-0" OF FRONTAGE LENGTH OR MORE, A CROSS-BLOCK PASSSAGE SHALL BE PROVIDED
ABOVE THE 8TH FLOOR, MINIMUM BUILDING SPACING IS 60'-0".
ABOVE THE 8TH FLOOR, THE BUILDING FLOORPLATE DIMENSIONS SHALL BE LIMITED AS FOLLOWS; 15,000 SF MAX. FOR RESIDENTIAL USES IN T6-8 180 FEET MAX. LENGTH FOR RESIDENTIAL USES
08 Lot A
NAME Lot A STYLE Development Site
LOCATION Edgewater 50 Ne 23 St. Miami, FL 33137 LOT SIZE 8,413 SF FOLIO 01-3125-011-0340
09 Lot B
NAME Lot B STYLE Development Site
LOCATION Edgewater 60 Ne 23 St. Miami, FL 33137 LOT SIZE 7,380 SF FOLIO 01-3125-011-0330
10 Lot C
NAME Lot C STYLE Development Site
LOCATION Edgewater 68 Ne 23 St. Miami, FL 33137 LOT SIZE 7,380 SF FOLIO 01-3125-011-0320
11 Lot D
NAME Lot D STYLE Development Site
LOCATION Edgewater 76 Ne 23 St. Miami, FL 33137 LOT SIZE 7,350 SF FOLIO 01-3125-011-0310
12 Lot E
NAME Lot E STYLE Development Site
LOCATION Edgewater 49 Ne 23 St. Miami, FL 33137 LOT SIZE 7,792 SF FOLIO 01-3125-015-0140
13 Lot F
NAME Lot F STYLE Development Site
LOCATION Edgewater 51 Ne 23 St. Miami, FL 33137 LOT SIZE 21,923 SF FOLIO 01-3125-015-0130
14 Conceptual Drawings TOWER #1 - RESIDENTIAL TOTAL 101 UNITS TOTAL 170 PARKING SPACES
RESIDENTIAL 101 UNITS (X) 1.5 PARKING SPACES/UNIT = 152 PARKING SPACES GUEST = 101 UNITS * 10% = 10 PARKING SPACES
RETAIL TOWER #1 - RESIDENTIAL TOWER #2 - HOTEL 4,000 SQ.FT. OF RETAIL / 333 SQ.FT = 12 PARKING SPACES TOTAL 101 UNITS TOTAL 199 ROOMS TOTAL 170 PARKING SPACES TOTAL 124 PARKING SPACES TOTAL PARKING REQUIRED = 174 PARKING SPACES TOTAL 135'-0" ROOF
PARKING PROVIDED = 170 PARKING SPACES (-4) 125'-0" 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 12TH LEVEL
115'-0" 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 11TH LEVEL
105'-0" TOWER #2 - HOTEL 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 10TH LEVEL
95'-0" TOTAL 199 ROOMS 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 9TH LEVEL
TOTAL 124 PARKING SPACES 85'-0" 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 8TH LEVEL
75'-0" HOTEL 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 7TH LEVEL 65'-0" 199 ROOMS (X) 1 PARKING SPACES/ 2 ROOMS = 100 PARKING SPACES 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 6TH LEVEL GUEST = 199 ROOMS / 15 = 14 PARKING SPACES 55'-0" 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 5TH LEVEL
9 RESIDENTIAL UNITS 19 HOTEL ROOMS 43'-0" RETAIL & 3,180 SQ.FT. AMENITIES & 3,780 SQ.FT. AMENITIES 4TH LEVEL 34'-0" 92 PARKING SPACES (WITH EXTRA HALF LEVEL) 62 PARKING SPACES 6,000 SQ.FT. OF RETAIL / 333 SQ.FT = 12 PARKING SPACES 3RD LEVEL TOTAL PARKING REQUIRED = 132 PARKING SPACES TOTAL PARKING 65 PARKING SPACES 62 PARKING SPACES 25'-0" 2ND LEVEL 40% MEZZANINE (RESIDENTIAL LOCKERS) PROVIDED = 124 PARKING SPACES (-8) 40% MEZZANINE (HOTEL SERVICES) 16'-0" MEZZ. RESIDENTIAL LOBBY & 4,000 SF HOTEL LOBBY & 6,000 SF RETAIL 0'-0" GROUND LEVEL RETAIL (+13 PARKING) 16'-0" 9'-0" 12'-0" 10'-0" 16'-0" 9'-0" 12'-0" 10'-0" PARKING CALCULATION WITH SHARED PARKING
TOTAL REQUIRED (132 PARKING SPACES / 1.1) + 164 PARKING SPACES = 284 PARKING SPACES
TOTAL PROVIDED 294 PARKING SPACES
16 Location Midtown Neighborhood Highlights
Located in Wynwood, Miami, the coolest neighborhood in the world according to Google, Vogue, Forbes, Timeout, The Independent, and more. Wynwood is Miami Arts District and home to hundreds of the city’s best restaurants, cafes, shops, and entertainment venues.
Once the center for manufacturing and logistics in Greater Miami, Wynwood is comprised of predominantly mid-century industrial manufacturing warehouses. After the industrial real estate market moved West to the Doral and Medley, Wynwood’s landscape began to change. Forward-thinking property owners renovated old buildings and marketed them to retailers and creative office users, transforming the neighborhood into an epicenter for the arts and culture.
Wynwood’s Property owners got together in 2013 and created the Business Improvement District (BID), a vehicle to create initiatives to preserve Wynwood’s character and reinvest in the neighborhood. Arguably the best initiative the BID created was the Neighborhood Revitalization District (NRD) rezoning in 2015, which drastically changed the zoning’s density and intensity, making development feasible in the district.
Today, Wynwood is one of Miami’s most active development areas, with multiple multi-family projects being delivered now, or in the planning/construction stages, as well as 500,000 SF of office space under construction with another 400,000 SF planned, over 1M SF of existing retail space and another 600,000 SF in the pipeline. Absorption rates are some of the highest in the city, making Wynwood a booming neighborhood with a lot of future potential.
"9th Global Street Style Report: "16th America’s "Top Search Results for "6th Most Stylish Neighborhood Mapping Out the 15 Coolest Best Hipster Neighborhood" “World’s Coolest in the World" Neighborhoods in the World" Neighborhoods” 18 PORT MIAMI DOWNTOWN
WATSON ISLAND PARK WEST
OMNI
WYNWOOD STATION Development BISCAYNE BAY 51
EDGEWATER
OVERTOWN
WYNWOOD ART DISTRICT
MIDTOWN Demographics Demographics
HOUSEHOLDS BY INCOME 1 Miles 3 Miles 5 Miles 2018 Estimate $250,000 or More 3.09% 2.29% 3.22% $200,000 - $249,999 2.08% 1.39% 1.72% $150,000 - $199,000 2.88% 2.35% 3.08% $100,000 - $149,000 9.13% 6.39% 7.40% $75,000 - $99,999 8.91% 6.50% 7.54% $50,000 - $74,999 14.90% 12.15% 13.45% $35,000 - $49,999 13.36% 12.70% 12.66% $25,000 - $34,999 11.10% 11.88% 11.46% $15,000 - $24,999 11.64% 15.45% 14.79% Under $15,000 22.90% 28.90% 24.69% Average Household Income $65,917 $54,171 $63,524 Median Household Income $39,319 $29,343 $34,064 Per Capita Income $31,043 $22,271 $26,081 21 Geography: 5 Mile
POPULATION In 2019, the population in your selected geography is 32,340. The population has changed by 42.96% since 2000. It is estimated that the population in your area will be 35,463 five years from now, which represents a change of 9.66% from the current year. The current population is 51.73% male and 48.27% female. The median age of the population in your area is 35.04, the US average which is 37.95. The population density in your area is 10,309.62 people per square mile.
HOUSEHOLDS There are currently 15,028 households in your selected geography. The number of households has changed by 66.98% since 2000. It is estimated that the number of households in your area will be 17,128 five years from now, which represents a change of 13.97% from the current year. The average household size in your area is 2.09 persons.
2,060,465 $488M Local Spending 5,000+ Local Jobs 400+ Out-of-Town Visitors by Out-of-Town Visitors Supported Businesses
22 Site Plan Site Plan
HOTEL & RESIDENTIAL TOWERS FLOOR PLANS (LEVEL 9-12)
GROUND FLOOR PLAN (LEVEL 1)
HOTEL & RESIDENTIAL TOWERS FLOOR PLANS (LEVEL 5-8)
24 Site Plan
PROPOSED ELEVATION
PARKING FLOOR PLAN (LEVEL 2 & 3) POOL DECK & AMENITIES (LEVEL 4) 25 Building Efficiency Tower #1 - Residential - Building Efficiency Tower #2 - Hotel - Building Efficiency RelatedISG History
RelatedISG International Realty was founded in 2011 by International Sales Group owner Craig Studnicky, along with Jorge Perez, Chairman and CEO of Related Group.
Since 1979, Related Group has enhanced skylines with iconic developments characterized For over 27 years, ISG World® has been honored and privileged to work with some by innovative design, enduring quality and inclusive living. Through groundbreaking part- of the most respected and talented professionals in the real estate industry, from developers, nerships with world-renowned architects, designers and artists, Related has redefined urban architects, engineers and designers, to brokers, vendors and of course, our dedicated environments on a global scale, fostering distinctive, dynamic communities and symbolic employees. To engage ISG today is to harness the talent, network and creativity that landmarks that have become sources of local pride. To date, Related has built and managed provides our clients the competitive edge necessary to succeed in the South Florida more than 100,000 condominium and apartment residences that are meticulously designed marketplace. with finishes and amenities that transform buildings into vibrant residential environments. Related doesn’t just create neighborhoods…it builds legacies. 100,000 40+ Years of 17 Million Over Over 99 Over Residences Commitment Square Feet $50 Bil 27+ Years Developments $10+Bil Built & Managed Reshaping Cities & Developed Sold Luxury Sales in Sales Skyscrapers
Jorge M. Pérez Craig Studnicky CHAIRMAN, CHIEF EXECUTIVE OFFICER, FOUNDER PRINCIPAL & CO-FOUNDER
30 About
The general realty group is represented by top-producing agents and is headed by Craig Studnicky, CEO and president, and a 25-year industry leader. Growing quickly and now encompassing five offices across Miami- Dade and Broward counties, RelatedISG is an expanding leader in residential and commercial sales, and has come into the forefront of the development world as well.
With extensive knowledge in every aspect of the field, from pre-construction to standing inventory, the RelatedISG team, and its over 375 local agents have an outstanding track record of providing clients with exceptional and rewarding real estate experiences.
375 $440 Mil+ 5 REAL ESTATE AGENTS IN SALES VOLUME SOUTH FLORIDA FOR 2019 LOCATIONS
31 4 Weston 5 Fort Lauderdale
Hollywood Beach
RelatedISG International Realty maintains five offices throughout Miami-Dade and Broward County. These locations
Hallandale Beach allow RelatedISG to blanket the Southeast Greater Miami and Fort Lauderdale areas and create a broader reach to potential Aventura3 buyers and tenants.
Sunny Isles Beach North Miami Beach 1. Coral Gables
Bal Harbour 2. Downtown / Edgewater Bay Harbor Islands Surfside 3. Aventura
4. Weston Design District
BISCAYNE CORRIDOR Midtown 2 Edgewater Wynwood Omni Miami Beach / South Beach 5. Fort Lauderdale
Downtown Miami Miami River District
1
Coconut Grove
Key Biscayne 32 Team
Key Personnel
TOMAS SULICHIN President, Commercial Division RelatedISG International Realty
A young and driven professional, Tomas has had a real estate career spanning "Miami has been my home since I came close to a decade. Gravitating to commercial real estate in the beginning stages from Argentina as a young kid. I’ve seen of his career, Tomas was one of the founding partners of Rotsztain & Sulichin, a successful boutique commercial firm. After a few years of running his own areas grow and change dramatically company, Tomas saw the value in working as a team and joined Decorus Realty through the years, with South Florida opening its commercial department within the company's 160 agent firm. He has becoming one of the most competitive closed deals with some of the biggest names in the industry like AT&T Corporate, Honda, Toyota, as well as represented some of Florida's biggest developers. real estate markets in the country. A strong track record in South Florida's hottest areas like Wynwood, Mimo, Growing up here has given me a deep Hollywood, Miami Beach & North Miami Beach. Tomas has really stood out for understanding and knowledge of this complex value add deals & repositioning of key asset classes. market, which is a much needed tool Now taking his career to the next level, Tomas is now the President of the when the goal is to create added value Commercial Division for RelatedISG, where he will lead the development of the commercial team leveraging the established strength of the firm in residential and for investors and clients." new development. On a personal level, Tomas is a dedicated husband & father, who cares deeply about his community, and an avid golf player.
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33 HEADQUARTERS
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