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Amazon Opens Doors to Wynwood: A Major Milestone for Miami’s Tech Scene

commercial real estate

Amazon Opens Doors to Wynwood: A Major Milestone for Miami’s Tech Scene

In a significant move that underscores Miami's rise as a burgeoning tech hub, Amazon has signed a lease for a 50,300-square-foot office at Wynwood Plaza, a mixed-use development at 95 Northwest 29th Street in Wynwood. This lease represents the largest office deal in Wynwood to date, marking another step forward in the neighborhood’s transformation into a thriving live-work-play destination.

A Vision for Innovation

Wynwood Plaza, a 1-million-square-foot project spearheaded by Oak Row Equities, L&L Holding Company, Shorenstein Investment Advisors, and Marcelo Claure’s Claure Group, is set to redefine urban living in Miami. The development features a 12-story office tower with 266,000 square feet of Class AAA office space, a 509-unit luxury apartment building, 25,000 square feet of retail, and a 26,000-square-foot public plaza. Construction began in early 2023 and is expected to wrap up this year.

Bryan Lapidus, Vice President of L&L Holding Company, expressed excitement about Amazon’s choice:
“We’re thrilled Amazon has selected Wynwood Plaza as its home in Miami. 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.”

A Magnet for Global Giants

Amazon’s decision to establish a presence at Wynwood Plaza signals the growing appeal of Miami for major corporations. Erik Rutter and David Weitz, managing partners at Oak Row Equities, highlighted this milestone:
“Amazon’s presence at Wynwood Plaza not only reinforces the global importance of Miami but also highlights the exceptional quality of this live-work-play campus. This move underscores Miami’s growing significance as a dynamic, high-growth market in the American economy.”

While Amazon has not disclosed the specific function of its Wynwood office, the decision to establish operations in the area demonstrates confidence in the city’s future as a hub for forward-thinking businesses.

More Than Just Offices

Wynwood Plaza is more than a workplace—it’s a destination. The development integrates office space with an array of amenities designed to enhance the tenant experience. Features include:

  • A fitness club with showers and lockers
  • A rooftop deck with seating
  • A golf simulator
  • Conference rooms
  • A 25-foot-tall lobby
  • A 26,000-square-foot public plaza

These amenities reflect a growing trend toward creating workspaces that foster creativity, collaboration, and community.

Wynwood’s Rise as a Business Hub

Once known primarily for its vibrant arts scene, Wynwood has evolved into one of Miami’s most sought-after business districts. Over the past five years, developers have bet big on the neighborhood, launching Class A office projects to attract tech firms and other leading companies. Amazon’s lease represents the fruition of these efforts, solidifying Wynwood’s reputation as a magnet for innovation.

Other Key Tenants

Amazon joins an impressive roster of tenants at Wynwood Plaza, including:

  • Claure Group: The investment firm founded by Marcelo Claure has leased 25,400 square feet for its headquarters.
  • Weitz & Luxenberg: The law firm’s first Miami office spans 18,000 square feet on the second floor.

A Banner Year for Oak Row Equities

Wynwood Plaza is just one of many high-profile projects for Oak Row Equities this year. The firm recently placed a Brickell development site under contract for $520 million, with plans for multiple supertall towers spanning 3.1 million square feet.

The Future of Wynwood

Amazon’s lease at Wynwood Plaza represents a pivotal moment for the neighborhood and Miami as a whole. As major companies continue to recognize the city’s potential, Wynwood is poised to cement its status as a hub for innovation, creativity, and economic growth.

With its blend of office space, luxury living, and community-focused amenities, Wynwood Plaza embodies the spirit of Miami’s evolution—a city where opportunity and ambition converge.

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If you are in need of expert guidance in the South Florida real estate market, look no further than Polaris Advisors Team at Compass. They are confident that their knowledge, experience, and commitment to excellence will exceed your expectations and ensure a successful transaction.

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