90 NW 32nd St - NorthWyn Development Site 0.99 Acres of Residential Land Offered at $16,000,000 in Miami, FL 33127

You can find the full OM here: https://dwntwnrealtyadvisors.com/our-listings/northwyn
DWNTWN Realty Advisors is pleased to exclusively present NorthWyn (the "Property"), a 7-parcel, 42,957 SF (0.986 AC) development assemblage located at 75-93 NW 31st Street, 84-92 NW 32nd Street, and 3129-3131 NW 1st Avenue in Miami's Wynwood Norte neighborhood, immediately north of the Wynwood Arts District. The Property wraps the block between NW 31st and NW 32nd Streets with frontage on three streets, and is currently vacant with a handful of older structures, delivering a buyer effectively clear land at a scale that individual Wynwood Norte lots, capped at 20,000 SF under Miami 21, cannot replicate without assemblage. Zoned T4-R within the Wynwood Norte NRD-2, the Property carries an allowed density of 150 units per acre, supporting 148 residential units across the combined site per the Miami 21 zoning data sheet.
The Offering includes a rezoning concept study by Modis Architects illustrating one path to the site's full potential: a rezoning to T5-O consolidating the program into a single eight-story building with 148 units and 100,025 SF of leasable area, averaging 676 SF per unit across 55 studios, 42 one-bedrooms, and 51 two-bedrooms, crowned by a rooftop pool deck and resident lounge areas. Under the existing T4-R envelope, the same density must be delivered lot by lot at three stories, with repeated vertical cores, multiple curb cuts, and inefficient dead-end parking; the unified T5-O scheme places units at the building perimeter, consolidates circulation, and captures the rooftop as a shared amenity. The Property also sits within a designated Transit Corridor area, qualifying for a 30% parking reduction by waiver. No rezoning application has been filed; the study demonstrates feasibility, leaving the entitlement path, and its upside, in the buyer's control.
The Offering is structured on a reverted land basis: the seller retains the retail and office component, the buyer acquires the multi-family air rights, and the seller reimburses the core and shell hard costs of the commercial space the developer builds, handing the developer only the residential density it wants. NorthWyn is a rare opportunity to control nearly a full acre across 7 contiguous folios in Wynwood Norte, with 148 units supported under existing zoning, an architect-designed pathway to scale, and the flexibility to rezone, develop as of right, or land bank as the neighborhood matures.