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NoMad Hotel tests first luxury condominium project in Miami’s Wynwood

If you’re still in pain from the closure of New York’s beloved NoMad Hotel, it might be time to head to Miami.

Yesterday the hotel brand, which operates in London, Los Angeles and Las Vegas but no longer in its namesake NYC neighborhood, announced its first-ever residential concept in the graffiti-drenched street art mecca Wynwood. It’s a project involving the biggest names in Miami.

Art-obsessed Related Group captain Jorge Perez is collaborating on this project with David Gem’s Tricap, which has been investing in Wynwood for a decade. Miami’s favorite design firm, Arquitectonica, is creating the look of the low-rise project.

The Sydell Group, the NoMad Hotel’s parent company, has hired Leo Robischek, James Beard Award winner and bar director at Eleven Madison Park, to oversee the building’s rooftop restaurant and bar, which will have both public and resident areas. The residences will also feature a library reminiscent of the popular bar space at the now-closed New York hotel.

The Related Group and Tricap building is Nomad's first housing experiment.
The Related Group and Tricap building is NoMad’s first housing experiment.
Courtesy of Related Group
Wynwood has seen massive growth as tourists flock to Wynwood Walls.
Wynwood has seen massive growth as tourists flock to Wynwood Walls.
The residences will feature a rooftop bar and will be anchored by Casa Tua Cucina
The residences will feature a rooftop bar and will be anchored by Casa Tua Cucina
Imerza

At street level, the 329-unit residential tower will be anchored by Casa Tua Cucina, a food hall concept from the owners of the eponymous private club and upscale Miami Beach restaurant.

“If you look at Wynwood from a drone, it’s a hit. It’s at the center of everything,” Juwel, who also owns the ornate W South Beach Hotel, told The Post. “The rededication of the area, which allows for new developments but limits height, has allowed for some really cool projects while maintaining the integrity and history of the neighborhood.”

NoMad Residences Wynwood will be located at 2700 NW 2nd Avenue, one block from Wynwood Walls. The tower will only rise nine stories, and the condominiums will range in size from 464 to 931 square feet and will have private balconies. Buyers also have the option of renting their units to guests through NoMad’s in-house property management team. Pricing starts at $500,000 and groundbreaking is slated for the fourth quarter of the year, with Fortune Development Sales handling marketing.

The project adds significant inventory to an area dominated by luxury rental properties but few units for sale. Nearby, an eight-storey Diesel-branded condominium will offer 159 turnkey apartments designed by the Italian brand’s Living wing. But the NoMad is by far the most ambitious project coming to the area.

It’s also a sea change for the young area, which has seen rapid gentrification over the last decade, but nothing quite like 5-star.

But developers say the building remains relatively affordable, with prices averaging about $1,000 per square foot in an area that has some of the highest rents in Miami-Dade County. They also add that the building will fit seamlessly into the context of the colorful neighborhood spearheaded by developer Tony Goldman some two decades ago.

“All developments at Wynwood need to add art and murals to the building, so there are parts of the building where we will commission artists to do custom work,” said Nick Perez, the scion and senior vice president of Related Group. “Something Related prides itself on providing museum-quality artwork for all of its projects.”

“What we’re doing is really what Tony Goldman originally envisioned,” Gemstone added. “It’s the same slang and vocabulary.”

https://nypost.com/2022/04/14/nomad-hotel-tests-first-luxury-condo-project-in-miamis-wynwood/ NoMad Hotel tests first luxury condominium project in Miami’s Wynwood

DUSTIN JONES

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