Mana Wynwood has submitted plans for a 49-story, 328-unit apartment tower in downtown Miami, the first for developer Moishe Mana in downtown Miami.
Mana and Zyscovich Architects submitted their plans for 200 North Miami Avenue to Miami’s Urban Development Review Board for its July 25 meeting. Mana has spent more than $200 million acquiring land and buildings in downtown Miami, in addition to what he’s amassed in Wynwood.
The 322,355-square-foot apartment tower would rise on a 14,325-square-foot plot of land in the Flagler Street neighborhood of downtown Miami. It would include 23,295 square feet of residential amenities, a 6,550-square-foot lobby and a leasing office – and no parking, according to the proposal.
Last year, Mana filed suit against the Miami Parking Authority after the city agency agreed to lease the garage land next door to another developer, Grand Station. Mana wanted to combine both sites for his own development, which would include a bigger expansion the existing parking garage.
Micro units, which Mana previously hinted at, would take up about a third of the 328 apartments, architect Bernard Zyscovich told The Real Deal. They would be located on the lower levels, with higher end units on the upper levels.
Amenities at 200 North Miami Avenue will include an infinity pool and pool deck, shared social spaces and possibly conventional amenities like a gym, Bernard Zyscovich told TRD. “We’re looking very much at the idea of trying to have a very intensely filled out technology [oriented] building,” he said. Think very fast Wi-Fi and TVs that stream services like Netflix.
Dylan Finger, managing director of Mana Wynwood, previously told TRD that micro units would attract young professionals, millennials and creative workers, who would otherwise be out-priced.
“In Miami, we have these nice condo buildings that are beautiful. But they’re not affordable; they’re out of reach,” he told TRD last summer. Either Miami’s young professionals “have to share an apartment or live in Kendall or live at home or live far away from the urban core.”
Zyscovich said there is no set start date for the project yet.
In June, Mana took out close to $10 million in financing out of a bigger $100 million loan for properties he owns in downtown Miami, this project site not included. Centennial Bank is the lender for that loan. Mana could not be reached for more information on what that would be used for.