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TSG, LINEAIRE GROUP & BRIDGE INVESTMENT GROUP BREAK GROUND ON MULTIFAMILY PROJECT - WYNWOOD HAUS
The partners have initiated construction on the Opportunity Zone site that will bring apartment residences to the booming neighborhood
MIAMI (June 22, 2021) – TSG – a South Florida diversified real estate development and investment company, Lineaire Group – a Miami-based real estate investment and development firm focused on urban infill projects, and Bridge Investment Group – a leading, privately-held national real estate investment and property management firm, announced today the groundbreaking of Wynwood Haus. This milestone marks the commencement of construction for the 224-unit multifamily property in the lively Wynwood submarket, with anticipated delivery in Q1 2023.
The development team gathered at the site to mark the occasion with Omni CRA officials, the project’s general contractor Beauchamp Construction Co., architect Corwil Architects, and landscape architect Enea Garden Design. Following the ceremony, guests enjoyed refreshments at Oasis Wynwood – the neighborhood’s newest cultural epicenter.
Wynwood Haus is set at the entrance of Wynwood, Miami’s creative and cultural hub. The 20-story project will deliver much-needed apartment residences to the growing submarket. With the recent completion of additional office and retail space in the surroundings, and more product in the pipeline, the area has increasingly been sought by local and out-of-state young professionals, particularly in the tech industry from Silicon Valley, seeking a live-work-play lifestyle in proximity to Downtown, Miami Beach, and the Design District.
“The multifamily market in South Florida is thriving, due in large part to key demand drivers, such as population growth and migration,” said Camilo Lopez, managing partner of TSG. “Our development partnership is bullish on the Wynwood submarket and is excited to initiate this first step to bring Wynwood Haus to the neighborhood.”
Functional studio, one-, and two-bedroom floorplans will range from 394 to 945 square feet. Modern features and finishes include floor-to-ceiling windows, oversized balconies, full-size in-unit washer and dryer, wireless-controlled smart thermostat, 10-inch ceilings, walk-in closets in most units, a rain shower, and secure keyless entry.
Inspired by the desires of today’s contemporary urban dweller, an all-encompassing rooftop at Wynwood Haus will feature state-of-the-art amenities. For residents looking to bask in Miami’s year-round weather, a pool and sun deck offers bay views, or for the fitness enthusiast, a yoga room with an outdoor terrace and fitness center. Private workspaces, a conference room and a co-working area, which can double as gathering spaces in the evening, will be complemented by Wi-Fi in all common spaces. Wellness perks, such as a steam room, sauna, and experiential showers will be offered, as well as an outdoor BBQ and dining area, great room and catering kitchen for entertaining.
To further enhance the living experience, rooftop activations are paired with ground-floor benefits and services, such as a library and resident lounge, pet grooming, electric car charging stations, a smart locker package room and cold storage, as well as 5,500 square feet of retail space.
Curated interiors by Lineaire Designs (Lineaire Group’s sister company) will feature intricate wood paneling and concrete accents throughout, with lush greenery and gardens by Enzo Enea, one of the world’s leading landscape architecture firms.
Located at 1765 North Miami Ave., Wynwood Haus is a designated transit-oriented development (TOD) project within walking distance of the School Board Metromover station, providing seamless connectivity to Downtown Miami, Brickell, and Florida’s major metropolitan areas via Brightline.
The developers obtained $14 million in incentives from the Omni Community Redevelopment Agency (CRA) in Miami to support dedicating a portion of the apartments to workforce housing.
TSG is a real estate investment and development company that focuses on urban markets where transformative and tactical developments positively impact the neighborhood. The firm has developed several successful real estate projects in the office and residential sectors with future growth plans through its strategic land holdings in Miami’s Health District, Brickell, Wynwood, Edgewater, and other key locations. Connected with the communities in which its team lives and develops, TSG’s goal is to create experiences that allow individuals to collaborate, create and inspire. For more information, visit www.tsg-group.com/.
About Lineaire Group
Lineaire Group is a real estate development and investment company focused on value-add and opportunistic urban infill projects. Lineaire Group was founded with the goal of combining an institutional investment approach with disciplined risk management, and a cutting-edge architectural design and project management team. This unique combination allows the company to turn complex, often overlooked projects into high performing assets, and deliver investors superior risk-adjusted returns. For more information, visit www.lineairegroup.com/.
About Bridge Investment Group
Bridge Investment Group is a privately held real estate investment management firm with ~$26 billion in assets under management. Bridge combines its 1,650+ person, nationwide operating platform with specialized teams of investment professionals focused on select US real estate verticals, which Bridge believes offer above-market opportunity: multifamily, office, seniors housing, affordable housing, opportunity zones, industrial and fixed income strategies. For more information, visit www.bridgeig.com/.