- The Related Group, Tricera Capital, and LNDMRK have partnered with Industrious.
- Industrious will operate nearly 41,000 square feet of flexible space at The Dorsey, a mixed-used property in Wynwood Arts Districts.
- The office space at the mixed-use complex is now 50% pre-leased weeks after breaking ground.
MIAMI, FL – FEBRUARY 4, 2021 – One of the nation’s most prolific developers, The Related Group — alongside partners Tricera Capital and LNDMRK — today announces their partnership with Industrious, the highest-rated workplace provider in the US, to operate nearly 41,000 square feet of flexible office space at The Dorsey, a mixed-use property in Miami’s vibrant Wynwood Arts District. This brings the office space to 50% pre-leased merely weeks after breaking ground.
The swift lease-up of office real estate at The Dorsey follows a frenzy of residential and commercial activity throughout South Florida, driven in part by the state’s lifestyle and tax benefits.
“Miami continues to be a hot spot for individuals and companies alike, and those relocating from out of state, or another part of the city, can find everything they need in Wynwood,” said Jon Paul Pérez, President of Related and a board member of the Wynwood Business Improvement District (BID). “Over the years, the area has matured into a walkable, urban hub with world-class dining, established and locally-owned retail concepts and entertainment. The addition of Industrious brings much-needed flexible office space to new and existing residents, which comes at a time where many are working from home now and indefinitely.”
For Industrious, this marks the workplace provider’s third location in greater-Miami, bringing its total footprint to more than 115,000 square feet in the market. Industrious’ eighth location in Florida, the addition of Industrious Wynwood demonstrates Industrious’ commitment to providing safe, low-commute workspace options in high-demand locations for those seeking a flexible alternative to working from home. Industrious Wynwood will feature private offices and shared workspaces for teams of various sizes, and is expected to open in 2022.
“While Florida has historically been a very strong market for Industrious, we firmly believe the demand for flexible office space will soar as workers continue to relocate to South Florida. We’ve been eager to find the right opportunity to enter Wynwood specifically for quite some time, as the neighborhood’s residential growth and prominence as a destination for the arts, culture, and design make it a perfect fit for our growing regional network,” said Peri Demestihas, Director of Real Estate at Industrious. “We’re thrilled to partner with the Related Group to bring Industrious Wynwood to The Dorsey and offer those visiting and living in this vibrant neighborhood a premium workspace experience to be proud of.”
In addition to nearly 78,000 square feet of office space and over 33,000 square feet of retail, The Dorsey will include 306 apartments from 450 to 1,600 square feet. Residents will enjoy a highly curated set of on-site amenities like a cutting-edge fitness center with a spin and yoga room, a first-class pet spa, a resort-style rooftop pool, a sprawling outdoor courtyard and more. True to Related builds, world-class art will be featured throughout.
As the first developer to eye residential opportunities in Wynwood, Related has been bullish on the area and more so, its responsible development. As such, all projects are outfitted with large-scale murals and public artwork, with architecture designed to seamlessly integrate into its surroundings. Notable past projects include Wynwood 25 and its accompanying office property, Wynwood Annex as well as The Bradley Wynwood.
Industrious provides productive and engaging workplaces for companies of all sizes and stages. Around the country, past and present Industrious members include: Cisco, Lyft, Spotify, Heineken, Chipotle, Pinterest, and Salesforce.
About Related Group
Established in 1979, The Related Group is Florida’s leading developer of sophisticated metropolitan living and one of the country’s largest real estate conglomerates. Since its inception, the privately held company has built, rehabilitated and managed over 100,000 condominium, rental and commercial units. The firm is one of the largest Hispanic-owned businesses in the United States with a development portfolio in excess of $40 billion in 40 years.
The Related Group has earned international status for its visionary designs and development of luxury condominiums, market-rate rentals, mixed-use centers and affordable properties – often in emerging neighborhoods that impact the lives of all demographics. The Related Group has redefined real estate by diversifying both its products and buyers, expanding internationally while also sponsoring public art installations that enhance cities’ global culture and streetscapes.
TIME Magazine named Founder, Chairman and CEO of The Related Group, Jorge Pérez, one of top 25 most influential Hispanics in the United States. Currently, The Related Group has over 70 projects in varying phases of development.
Industrious’ private offices and suites — the highest-rated workspaces in the industry — provide the most sustainable option for companies to manage newly distributed teams for the long term. We make it easy to find an office that works for you — even if you come in just once or twice a week. Recognized as one of America’s 500 fastest-growing companies in 2020 by Inc. Magazine, Industrious offers flexible terms and locations in more than 50 U.S. markets. For more information, visit industriousoffice.com.