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The Associated Press
Related Group and W5 Group Open New Residential Concept in Wynwood, Miami’s First Ground-Up Co-Living Community; Curated, Fully Furnished Suites Starting in the $1,500s
2024-05-21
MIAMI--(BUSINESS WIRE)--May 21, 2024--
, one of the country’s premier developers of sophisticated metropolitan living, and W5 Group, a leader in innovative residential investments in Europe and the US, have officially kicked off leasing and move-ins for i5 Wynwood, the district’s first co-living community. Envisioned to offer Miami’s definitive communal living experience, i5 Wynwood features 217 fully furnished, curated private suites with top-tier amenities starting in the $1,500s roughly 45% less than the cost of leasing a comparable, unfurnished studio apartment in the Wynwood, Downtown, and Brickell neighborhoods.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521933982/en/
i5 Wynwood; photo by Robin Hill/courtesy of Related Group
“i5 Wynwood exemplifies Related’s commitment to continuously reimagining what housing can be,” said Jon Paul Perez, President at Related Group. “In collaboration with W5 Group, we’ve created a residential community that shows the full potential of the co-living sector, while catering to a diverse range of residents, from young professionals drawn to the neighborhood’s growing tech scene to individuals seeking a more accessible, community-focused lifestyle.”
Each of i5 Wynwood’s suites provides each resident with a private bedroom and private bathroom, as well as a spacious shared living room, dining room, and chef-inspired kitchen. Tenants have a choice of 3- or 4-bedroom apartments—all fully furnished with queen beds, writing desks, multiple shelving units, sleek lighting, dining tables and chairs, leather sofas, coffee tables, entertainment consoles, wall-mounted flat-screen TVs, dining and cutlery sets, wall art, Latch electronic locks in all suites, and Nest Smart Thermostats by Google. Rental rates begin at $1,580 per private bedroom suite and include the use of all communal spaces.
“In vibrant urban hubs like Wynwood, access to premier living often comes with a hefty price tag. However, co-living communities are revolutionizing the landscape, making this coveted neighborhood accessible to a diverse spectrum of tenants,” shared Ralph Winter founder and principal of W5 Group. “While boasting unparalleled aesthetics and amenities, our development, i5, stands out by offering affordability without compromising on quality. It’s poised to redefine the Wynwood experience.”
Interiors by Michael Wolk, also of the acclaimed St. Regis Resort Bal Harbour and Porsche Design Tower, embrace the artistic spirit of the Wynwood neighborhood with a fresh, colorful take on mid-century modern style, and simple, clean-lined design, enriched by artist Jing Wei’s striking murals across the building’s exterior facade.
i5 Wynwood amenities are designed to surpass those of existing co-living communities, featuring a rooftop pool oasis with sweeping skyline views, cabanas, picnic tables, a state-of-the-art grilling station, state-of-the-art fitness center outdoor yoga lawn, an expansive entertainment space with a premium sound system, game room with ping pong and lounge seating, and versatile co-working spaces equipped with sleek Poppin work pods, and meeting rooms.
A dedicated 24-7 lobby concierge, property-wide security system, and designated parking promise incomparable ease, security, and convenience for the i5 community.
Located at 51 NW 28th Street, the nine-story i5 Wynwood places residents at the heart of Miami’s most exciting neighborhood with unmatched access to Michelin-star restaurants, award-winning bars, and trendy boutiques as well as the rich assortment of art galleries, studios, and exhibition spaces for which the area is known. Built to extend the neighborhood’s art-driven, pedestrian-centric lifestyle, i5 Wynwood features over 3,900 sq. ft. of ground-floor retail space surrounding a 6,600 sq. ft. shaded central courtyard.
For more information about i5 Wynwood, please visit i5wyn.com or contact our leasing team at (786) 607-7407 or info@i5wyn.com.
About Related Group
Established in 1979, Related Group is Florida’s leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception, the privately held company has built, rehabilitated, and managed over 100,000 condominium, rental, and commercial units. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio in excess of $40 billion over 40+ years.
Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers, and affordable properties – often in emerging neighborhoods that impact the lives of all demographics. Related Group has redefined real estate by diversifying both its products and buyers, expanding internationally while also sponsoring public art installations that enhance cities’ global culture and streetscapes.
Currently, Related Group has 70+ projects in varying phases of development.
About W5 Group
Established in 2009, W5 Group is a single-family investment office, founded by entrepreneur and real estate investor Ralph Winter. W5’s real estate activities are focused on innovative residential real estate investments in Europe and the US in the multifamily, student housing, single-family rental, co-living, and micro apartment sectors. The firm has offices in Zug, Switzerland, Frankfurt, Germany Miami, New York, and Washington D.C, in the U.S.
W5 has invested in U.S. and European real estate assets with a total capitalization of more than $55 billion, including more than 55,000 beds through a combination of investments in real estate operating companies and direct real estate investments.
W5 focuses on real estate investments, which include creative contextual design, state-of-the-art amenities, smart building solutions, and ESG initiatives to create environmentally sensitive, vibrant, and healthy communities.
View source version on businesswire.com:https://www.businesswire.com/news/home/20240521933982/en/
CONTACT: Media Contact:
Audrey Latimer
Audrey.Latimer@antennagroup.com
(312) 489-8479
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: INTERIOR DESIGN ARCHITECTURE OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY URBAN PLANNING
SOURCE: Related Group
PUB: 05/21/2024 10:00 AM/DISC: 05/21/2024 10:02 AM
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