MIAMI — Amazon (NASDAQ: AMZN) has signed on to anchor Wynwood Plaza, a 1 million-square-foot mixed-use campus nearing completion in Miami’s Wynwood Arts District. The Seattle-based e-commerce giant will occupy 50,333 square feet within the development’s 12-story office tower that is set to deliver in the coming months.
The landlords in the lease transaction are New York City-based L&L Holding Co. and Oak Row Equities, which has offices in New York City and Miami. The partners are co-developing Wynwood Plaza with Shorenstein Investment Advisors and investment partner Claure Group, which will also be a tenant in the building.
The office tower will span 266,000 square feet and include an array of indoor and outdoor amenities, including an amenity hub on the second floor that will feature a fitness club with high-end equipment, showers and lockers, as well as a golf simulator and conference rooms. Other features of the tower include floor-to-ceiling windows, private tenant terraces and an expansive lobby.
Office tenants will have direct access to Wynwood Plaza’s onsite parking garage and ground-level restaurants and shops, as well as a landscaped courtyard and a shaded rooftop area with flexible seating arrangements.
Amazon will join other committed office tenants including Claure Group, which will establish its 25,400-square-foot headquarters and occupy the entire sixth floor, and national law firm Weitz & Luxenberg, which will establish its first Miami office encompassing 18,000 square feet on the second floor.
Andrew Trench, Edward Quinon and Brian Gale of Cushman & Wakefield represented the landlord in the lease transaction, along with Bryan Lapidus of L&L. Tom Capocefalo and Mike Catalano of Savills represented Amazon. The deal represents the largest office lease ever recorded in the Wynwood district, according to the developers.
“Amazon making the decision to open a Miami office in Wynwood demonstrates both the excitement around the future of the Wynwood neighborhood as well as recognition of the quality of this tremendous project, while also demonstrating that the interest in major business’ opening Miami offices is still strong,” say Trench. “We are extremely excited to welcome Amazon to Wynwood Plaza and are already receiving indications that many more will follow.”
“As one of the only new office towers delivering in the market this year, we’re confident it will continue to draw leading companies seeking a world-class, highly amenitized workspace in one of the most exciting regions in the country,” adds Lapidus.
In addition to the office tower, Wynwood Plaza will feature The Residences, a 509-unit apartment high-rise that will offer 45,000 square feet of indoor and outdoor amenities.
Amazon’s stock price closed on Monday, Jan. 27 at $235.42 per share, up from $161.26 a year ago, a nearly 46 percent increase.
— John Nelson