Amazon to Open Miami Office
This is the largest lease ever recorded in the Wynwood submarket.
In the largest office lease ever recorded in Miami’s Wynwood submarket, Amazon agreed to occupy 50,333 square feet at Wynwood Plaza, a 1 million-square-foot mixed-use development.
L&L Holding Co. and Oak Row Equities are the owners. Shorenstein Investment Advisers is the project partner, while Claure Group serves as co-investor.
Cushman & Wakefield assisted the landlord in the deal, alongside with in-house representation, while Savills worked on behalf of the tenant.
Located at 95 NW 29th St., Wynwood Plaza is taking shape 6 miles from downtown Miami and will have access to interstates 95 and 195. Miami International Airport is some 8 miles west.
READ ALSO: What’s Defining Office in 2025?
Miami’s office vacancy rate at the end of December clocked in at 15.2 percent, posting the lowest rate among the top U.S. markets, the latest CommercialEdge office report shows. Despite a 110-basis-point increase, the metro’s figure was lower than the 19.8 percent national average.
A mixed-use campus in Miami’s Art District
The mixed-use campus broke ground in March 2023, after the developer secured a $215 million construction loan from Bank OZK. The project is scheduled for completion in the following months.
Wynwood Plaza will comprise a 12-story Class A, 266,000-square-foot office building and a residential component that will feature 509 luxury rental apartments. The property will also include 25,000 square feet of retail and a 26,000-square-foot outdoor public plaza.
The office component will have various amenities such as a fitness center, a cafe and bar lounge, rooftop private seating areas and conference spaces. Floorplates will range from 23,756 to 25,205 square feet.
L&L Holding Co. Vice President Bryan Lapidus, together with Cushman & Wakefield Managing Director Andrew Trench, Senior Director Edward Quinon and Vice Chairman Brian Gale, worked on behalf of the landlord. Savills Executive Managing Director Tom Capocefalo and Vice Chairman Mike Catalano represented the tenant.
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