US: Developer Related Group and family office W5 Group has announced announce Wynwood’s first co-living project, i5 Wynwood.
Located at 51 NW 28th Street, in the heart of Wynwood, the nine-storey i5 Wynwood features 217 suites, each with a private bathroom and a shared living room, dining room and kitchen, spread across 63 fully furnished apartments. Rental rates begin at $1,895 per private suite and include access to a communal kitchen as well as shared living and dining spaces. Residents can choose between three-bed/three-bath and four-bed/four-bath apartments, which have been fully furnished with queen-size beds, writing desks, multiple shelving units, trendy light fixtures, dining tables and chairs, couches, coffee tables, entertainment consoles and flat-screen TVs.
With architecture by Arquitectonica and interiors by Miami-based designer Michael Wolk, the name behind the Porsche Design Tower and St. Regis Resort Bal Harbour, i5 Wynwood offers “a high-design lifestyle at an unmatched price”.
Pre-leasing will begin in November with completion expected in January 2024.
Raphael Sidelsky, chief investment officer of W5 Group, said: “i5 Wynwood represents a bold and forward-thinking approach to addressing the growing demand for urban living spaces in Miami, where rising housing costs have posed challenges for many residents. This unique coliving concept is designed to provide a vibrant, community-focused living environment that offers affordability without compromising on quality. W5 Group invests in cutting-edge, affordable, and community-oriented residential projects that provide exceptional amenities, design, technology and energy efficiency for residents. That’s exactly what i5 Wynwood delivers. We conceived of and helped design these highly efficient units based on our experience with micro-units, student living, multifamily and co-living projects in other similar dynamic urban environments.”
i5 Wynwood will feature more than 3,900 square feet of ground-floor retail space surrounding a 6,600 square feet shaded central courtyard, along with a rooftop pool with views of the city, an indoor and outdoor gym, coworking and meeting spaces.
Wynwood is one of several Miami districts which were zoned for coliving in September last year.
