51 NW 28th St

DWNTWN Realty Advisors is pleased to exclusively present i5 Wynwood (the "Property"), a 63-unit, 217-bed Class A furnished private-bedroom apartment asset located at 51 NW 28th Street in Miami's Wynwood Arts District. Developed by Related Group and W5 Group and delivered in May 2024, i5 Wynwood is among the first purpose-built co-living assets of its kind in Miami, offering fully furnished private bedrooms with en-suite bathrooms within shared three and four-bedroom apartments. The Property comprises eight residential floors with a penthouse amenity level featuring a leisure pool, sun deck, indoor/outdoor fitness center, coworking lounge, and summer kitchen. The ground floor includes 4,376 SF of retail space that is 100% leased. The Property also benefits from a perpetual parking easement with 29Wyn providing 82 dedicated spaces leased to residents. The Property's per-bed pricing model creates a structural double advantage over conventional multifamily. From the tenant's perspective, a private furnished bedroom with en-suite bathroom at i5 Wynwood leases at a 47% cost advantage over the cheapest comparable one-bedroom in the submarket, opening the Wynwood rental market to a deep pool of young professionals and remote workers who cannot access it through conventional product. From the investor's perspective, the per-bed leasing model stacks revenue across three or four individually leased bedrooms per unit, generating implied unit-level rent that exceeds what the same square footage commands under a conventional lease. i5 Wynwood's three-bedroom units produce approximately a ~49% premium on a PSF basis over the closest stabilized three-bedroom comparable in the submarket. The asset is simultaneously more affordable for tenants and more productive for ownership than any traditional multifamily alternative with the added benefit of furniture already being included. As of May 2026, the Property is ~92% occupied, a strong result for an asset delivered just 24 months prio