Rare Wynwood condo-hotel development opportunity located steps from Wynwood Walls in the center of one of Miami’s most active pedestrian corridors. Compass Commercial presents a waiver-approved hospitality development site supporting a ~120-key concept, comprised of three parcels totaling ±11,234 SF with dual frontage on NW 27th Street and NW 28th Street.
The approved waiver package demonstrates a development program of approximately 73,000 SF of gross building area across 8 stories plus rooftop amenities, supporting the potential for a lifestyle condo-hotel or hospitality residence project with short-term rental (STR) flexibility. This structure allows developers to monetize individual units while operating under a hotel-style management model.
The property is zoned NRD-1 and benefits from existing approvals and waivers, including a parking waiver in place through 2029, significantly reducing parking requirements and enabling higher-density hospitality development.
Wynwood continues to be one of Miami’s most supply-constrained hospitality submarkets, with fewer than 500 hotel rooms serving more than 15 million annual visitors. Recent hospitality and hospitality-residence developments in the neighborhood are currently achieving asking prices ranging from approximately $900 to $1,400+ PSF, demonstrating strong pricing support for condo-hotel product.
Positioned within the Wynwood Walls corridor, the site offers an exceptional opportunity to deliver a rooftop-driven lifestyle hotel or STR-friendly condo-hotel concept in the heart of one of Miami’s most dynamic cultural districts.
Waiver package demonstrating a ~73,000 SF, 8-story hospitality development supporting a ~120-key concept available upon request.