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2005
Metro 1 Moves to Wynwood
In the last quarter of 2005, Metro 1 signed
the lease on our first office in Wynwood and began our journey of shaping neighborhoods
within Miami’s Urban Core, all while giving back along the way.
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2010
Wynwood Gateway
This notable Wynwood landmark has been an ongoing project for Metro1 since we first acquired
it in 2010. Located at the entrance of Wynwood and boasting a spacious and desired corner
space, The Wynwood Gateway soon became home to the area's first international tenant, the
renowned motorcycle brand, Ducati. Through Metro 1’s thoughtful and intentional leasing
abilities, we balanced the intrinsic values of the neighborhood while bringing more
prominent brands including some of wynwoods most popular tenants; Bxldr, Palmar, and
Brothers & Brawlers. Now, The Wynwood Gateway stands to continue making history for the
neighborhood once again after partnering with the world's largest co-living operator, The
Collective, in 2019. With plans to develop a 12 story co-living complex, the concept will be
the first of its kind in the Wynwood area.
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2010
Peter Miller Hotel
This sale represented the hard work
and
collaborative efforts of the M1 Team and demonstrated the increasing demand, specifically
from
foreign investors, for hospitality-related real estate product in South Florida
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2013
Magic City Innovation District
Magic City Innovation District has a long history
with
Metro 1 founder Tony Cho. Originally a trailer park, the Metro 1 team envisioned Miami’s
first
innovation district and conceptualized the Magic City Innovation District – Little Haiti ®
in 2016.
Along with its partners, including Canadian billionaire and co-founder of Cirque du Soleil,
Guy
Laliberte, the District resulted in one of Miami’s largest special area plans & planned to
give out
$33M in community grants. Founded on pillars of technology, sustainability, health &
wellness, and
art & culture, Magic City Innovation District boasts gathering spaces like BaseCamp, an
experiential
art park, The Warehouse, one of Miami’s largest event spaces, and is now home to some of
Little
Haiti’s most prominent leases like Diana Lowenstein Gallery, Element Aqua, CCOM Group, The
Cobblers,
Minds of Tomorrow, Marie Saint Pierre, Squadra Lupo, and Boxed Greens.
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2013
Panther Coffee
Panther Coffee, now considered a Miami staple, has
become a
local favorite when it comes to premium coffee and all around cool vibes. After building a
name for
themselves and developing a loyal following of customers, Panther Coffee turned to Metro 1
for
expert
help in finding their second home. Located in Sunset Harbor, Miami Beach, Panther Coffee’s
fits in
perfectly with its neighboring trendy shops, intimate restaurants and some of the area's
most
beautiful
water views.
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2014
Zak the Baker
One of the first local businesses to call Wynwood
home,
Zak
the Baker worked with Metro 1 when they out-grew their small pop-up operation and were ready
to
launch
their first flagship brick and mortar space. With Metro 1’s help, Zak the Baker grew from
the
farmers
market to a full fledged artisan bakery that won over locals and visitors alike in Wynwood
and
continues
to be synonymous with Wynwood businesses. Since then, Zak the Baker has only grown in
notoriety and
expanded to a larger space but continues to call Wynwood home.
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2014
Wynwood Arcade
The Wynwood Arcade, originally a strip of
warehouses, was
the
first Miami investment for East End Capital. Our team conceptualized and advised East End
Capital
through reimagining and branding this location, which ultimately resulted in the Wynwood
Arcade.
Since
its inception, Metro 1 has brought many notable tenants to The Wynwood Arcade, including
Three by
Norman
Van Aken, Ooh Raw, Edite Mode, and the now famous, Salty Donut. To date, the Wynwood Arcade
remains
one
of Wynwood’s landmark developments that arose from the transformation of old warehouses into
exciting
fun, food, and fitness experiences.
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2015
Security Building
This 16 story building at 117 NE 1st Ave was built
in 1926
and
has been designated on the National Register of Historic Places. Joining the list of several
historic
buildings on Metro 1’s roster, The Security Building boats 47 office condo units in Downtown
Miami.
Metro 1 represented the seller, Capital Loft Miami managed by Guy Sharon, and sold the
property for
$23.5 million.
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2016
210 NW 22 St
Representing both the buyer and seller in the
transaction, this
30,000 SF property was sold for $22M to Sam Herzberg, real-estate mogul and President of
Sterling
Building. With the majority of Sterling Building’s developments being in Miami Beach, this
sale marks
the company's first property and future expansion in Wynwood. The property, previously sold
for $3
million in October 2014 was acquired for a 633% gain in 2016, showing just how much property
value and
investments in Wynwood increased in just 3 short years.
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2016
2601 NW 2 Ave
Sold to ASG Equities, led by the Gindi family from
Century 21
Department Stores, for $53.5M this sale marked a milestone in the retail market in Wynwood.
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2016
Brought Related Group to Wynwood
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2016
Istitutto Marangoni
Istitutto Marangoni, arguably one of the world's
top fashion
institutes, expands its reach and opens its first location in the United States. Located at
3701
Northeast Second Avenue in the Miami Design District, The Mason Building is now home to the
fashion
school which signed a 10 year lease brokered by Metro 1’s managing Director, Andres Nava.
The building,
designed by Shulman + Associates, sits near the southeast entrance to the Design District,
where tenants
include Hermes, Tiffany & Co., Tom Ford, Louis Vuitton and Cartier.
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2017
Brickell AC Hotel
This transaction marks a dive into uncharted
territory for
Metro 1 President & Chief Vision Officer Tony Cho and partner Robert Finvarb. The joint
Venture between
Metro 1 and Robert Finvarb Companies includes three properties near Brickell City Center,
acquired for
$18.4M and includes plans to develop a mixed-use, millennial driven hotel. The dual branded
262 key
AC/Element hotel, designed by Arquitectonica, is a 24 story project with ground floor
retail. The
location of these plans is particularly exciting because of their proximity to the
Underline’s Brickell
Backyard Park, set to open to the public in late 2020.
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2018
Arlo Hotel
Metro 1 represented both buyer and seller in this
$8.5M
investment set to become the first hotel set to break ground in Wynwood. Quadrum Global is
developing a
hotel with the Arlo brand, which will have 141,758 SF and 217 rooms, along with a fitness
center and
yoga deck, valet parking, restaurants and bars. It will also feature a landscaped inner
courtyard and
public art facades. The Arlo brand, having already launched Nautilus in Miami beach, is
known for its
trendy spaces and are very popular among younger travelers. With the sale of this property
to Arlo
Hotels, Metro 1 coined the term “Wynwood’s SE Quadrant” and pioneered the development of
this new
frontier of Wynwood.
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2019
Momosan Ramen
Momosan, which already has outposts in Seattle, New
York City,
and Waikiki, features the Iron Chef Masaharu Morimoto’s take on Japanese ramen, grilled
skewers, and
Izakaya dishes, with a large focus on noodle dishes made with unique broths. The restaurant,
concepted
by the Iron Chef and the Lerner Family is one of Wynwood’s most important additions to its
Food &
Beverage scene. Metro 1 represented both sides of the transaction and the famed restaurant
is slated to
open in the near future.
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2019
T-Site
T-site, gaining its name from the T-shaped stretch
of land
sold by Metro 1 to Block Capital and the Kushner Companies, is the last piece needed for
Wynwood 28, a
mixed use project with 152 rental apartments, 50,000 SF of office space, and 34,000 SF of
retail space
with parking. The development of Wynwood 28 will mark one of Wynwoods largest multi-family
living
complexes to date and become one of the first housing developments to be situated along the
main strip.
Metro 1 represented both buyer and seller in the transaction and the project has an
estimated completion
date of 2022.
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2019
Springplace
Metro 1 has been responsible for spearheading the
growth and
excitement behind Wynwood’s SE Quadrant, which led to the sale of 2143 NW 1 Ave, aka
Springplace, to
Morabito Properties. While Metro 1 represented both the buyer and the seller, Morabito
Properties came
to the deal with a new tenant already in place. The tenant, an undisclosed coworking company
with
locations in both Beverly Hills and New York City, is slated to begin development on their
first
coworking space in the SE United States, calling Wynwood its new home. This is Metro 1’s
first property
to become a space of this kind.
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2020
M1 Community Fund
In partnership with The Miami Foundation, Metro 1
established
the M1 Community Fund with the purpose of raising funds and giving back to Miami
neighborhoods and
bolstering community growth.
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2020
Metro 1 moves headquarters to Little Haiti
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