Related Group, in partnership with W5 Group, announced plans for i5 Wynwood, the first co-living project in the area. Think dorm living, but elevated: Residents will pay for their own private room and bathroom, but share the rest of the apartment with other renters.

via Related Group

Located at 51 NW 28th St., i5 Wynwood will encompass 217 fully furnished residences, each with their own private bathroom, spread across 63 apartments with shared living, dining and kitchen spaces. Rents begin at $1,895 per residence. Both three-bedroom and four-bedroom apartments will be available.

“Whether a resident is a young professional starting their career, an artist inspired by Wynwood’s creative scene, or an individual looking for an affordable, community-oriented living experience, i5 Wynwood provides high-quality housing at a reasonable price point,” John Paul Perez, president at Related Group, said in a press release.

“i5 Wynwood represents a bold and forward-thinking approach to addressing the growing demand for urban living spaces in Miami, where rising housing costs have posed challenges for many residents,” said W5 Group Chief Investment Officer Raphael Sidelsky. “This unique co-living concept is designed to provide a vibrant, community-focused living environment that offers affordability without compromising on quality.”

Designed by Arquitectonica and Michael Wolk, i5 Wynwood also includes a resident entertainment center, nearly 4,000 square feet of retail space, a shaded central courtyard, an indoor/outdoor gym and a rooftop pool with views of the city. The development will also feature art from the Jorge M. Perez Contemporary Art Collection, including a mural from artist Jing Wei.

Pre-leasing is scheduled for November, with completion expected in January 2024.