noticias
Amazon signs the largest office lease contract in this neighborhood of Miami
Jan 28, 2025
Amazon.com (NASDAQ: AMZN) signed a lease for 50,333 square feet in a new office building in Wynwood, Miami, which represents the largest office lease in this emerging neighborhood.
L&L Holding Co. and Oak Row Equities, along with their partners Shorenstein Investment Advisors and Claure Group, announced that they signed a lease agreement with the e-commerce giant Amazon for Wynwood Plaza. The 1 million square foot mixed-use project is under construction at 95 N.W. 29th Street.
“We are thrilled that Amazon has chosen Wynwood Plaza as its home in Miami,” said Bryan Lapidus, vice president of L&L Holding. “Being one of the only new office towers being delivered to the market this year, we are confident it will continue to attract leading companies looking for a world-class workspace with numerous amenities in one of the most exciting regions of the country.”
The developers began construction on the 2.85-acre site in early 2023, and the building is expected to be completed early this year. The 12-story building will feature 266,000 square feet of office space, along with 25,000 square feet of retail space and 509 apartments.
The terms of the lease with Amazon were not disclosed. Currently, spaces in Wynwood Plaza are available for lease online with prices ranging from $70 to $85 per square foot, with upper floors being more expensive.
Jemila Campbell, a spokesperson for Amazon, confirmed that a lease was signed at Wynwood Plaza but could not disclose how many people would work there.
“We always evaluate our office footprint based on our business needs,” she said. “This office will include various teams and different business functions.”
In addition to Amazon, office tenants will include 25,400 square feet for the headquarters of Claure Group by Marcelo Claure and 18,000 square feet for the law firm Weitz & Luxenberg.
The developers did not comment on the types of business functions Amazon will have in the Wynwood office. Amazon founder Jeff Bezos recently purchased several properties in nearby Indian Creek Village.
“Amazon's decision to establish a presence at Wynwood Plaza and in the city of Miami underscores the growing importance of Miami as a dynamic and high-growth market in the American economy,” said Erik Rutter and David Weitz, managing partners of Oak Row Equities. “Our AAA class office product has been carefully designed to meet the needs of visionary companies that are shaping the future. Amazon's presence in Wynwood Plaza not only reinforces Miami's global importance but also highlights the exceptional quality of this live-work-play campus.”
The arrival of Amazon demonstrates that the popular artistic scene of Wynwood, along with its shops and restaurants, is an attraction for businesses, a trend that several developers bet on when launching A-class office projects in Wynwood about five years ago. Wynwood Plaza capitalizes on this emerging trend with a variety of amenities for office tenants, such as a fitness club with showers and changing rooms, a golf simulator, conference rooms, a 25-foot high lobby, a rooftop terrace with seating, and a 26,000 square foot public plaza at street level.
The developers were represented in the agreement by Andrew Trench, Edward Quinon, and Brian Gale from Cushman & Wakefield. Amazon worked with Tom Capocefalo and Mike Catalano from Savills.
“Amazon's decision to open an office in Miami, in Wynwood, reflects both the enthusiasm for the future of the Wynwood neighborhood and the recognition of the quality of this tremendous project, in addition to showing that the interest of major companies in opening offices in Miami remains strong,” said Trench.
This has already been a great year for Oak Row Equities, as it recently put a development site in Brickell under contract for $520 million.
