Two major players in Miami’s real estate scene—Property Markets Group (PMG) and Lndmrk Development—have joined forces for a brand-new condo development in the heart of Wynwood, and it’s set to make waves in the short-term rental market.
Introducing Twenty Sixth & 2nd Wynwood Residences
The new project, Twenty Sixth & 2nd Wynwood Residences, will rise eight stories at 2600 Northwest Second Avenue, delivering 233 fully furnished studios and one-bedroom units that are Airbnb-friendly with no rental restrictions. The project is specifically designed for flexibility and investor appeal, catering to the growing demand for legal, short-term rental properties in one of Miami’s most vibrant neighborhoods.
Studios will start at $500,000, and one-bedrooms at $700,000. Each unit will come with deeded office space, creating a unique combination of live-work functionality that’s rare in Miami’s preconstruction market.
An All-Star Team & Luxe Amenities
The project’s design will be handled by Cube 3, a Boston-based architecture firm, and Cotofana Design from Aventura, Florida. On top of sleek, modern interiors, residents and guests will enjoy high-end amenities including a rooftop pool, spa facilities, and a fitness center.
PMG Residential will lead sales, which are set to launch later this week. Construction is expected to begin next year, with a target completion date of 2028.
Strategic Partnerships & Investor Focus
The development site is being purchased from the Gindi family’s ASG Equities, who will retain 26,000 square feet of retail space on the property and remain a minority owner in the residential portion. ASG Equities, known for its retail legacy through the Century 21 Department Stores, assembled the property over several years for a reported $53.5 million.
PMG, led by Ryan Shear, Dan Kaplan, and Kevin Maloney, has a robust track record in short-term rental-friendly projects, recently securing a $215 million construction loan for 38 West Eleventh Residences. Lndmrk, under the leadership of Alex Karakhanian, has been a repeat partner in PMG’s Wynwood ventures.
Raquel Kauffman, PMG’s head of sales for the project, noted that investors from Central and South America are showing strong interest. “Miami has always been a potluck,” she said, pointing to the city’s diverse buyer pool and global appeal.
Wynwood’s Evolution Continues
Wynwood has transformed over the last decade from an industrial art district into a cultural and investment hotspot. This new project is poised to elevate the neighborhood’s profile further, especially for buyers seeking turn-key properties with income potential in one of Miami’s most desirable and dynamic areas.
With the flexibility of short-term rentals, high-end amenities, and a prime location, Twenty Sixth & 2nd Wynwood Residences is positioned to become one of the most sought-after investment opportunities in Miami’s ever-evolving preconstruction market.