L&L Holding, Oak Row Receive $335M Refi for Miami Mixed-Use

L&L Holding Co. and Oak Row Equities, along with co-investor Claure Group and partner Shorenstein Investment Advisers, have received a $335 million refinancing loan for Wynwood Plaza in Miami’s Wynwood Arts District. Funds managed by Blue Owl Capital provided the floating-rate financing for the newly opened mixed-use development.

The refinancing replaces the former $215 million construction loan that Bank OZK provided for the project in 2023, Yardi Matrix shows. Overall, the campus spans 1 million square feet, with a 12-story, 266,000-square-foot office component. The development came online in 2025.

The property’s office building, which topped out in 2023, has floorplates of 25,205 square feet, according to Yardi Matrix. Tenants have access to a variety of amenities including a fitness center, a golf simulator, rooftop outdoor terraces and conference rooms. Before its October 2025 opening, the property was more than 50 percent leased. Amazon signed a 75,000-square-foot lease in July 2025. Other tenants include Oko Group, Claure Group and Weitz & Luxenberg.

Wynwood Plaza also features a 509-unit residential component and a public plaza. Luca Steak, an Italian steakhouse, along with various retailers and fast-casual dining options, will operate across the campus.

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Moss Construction built Wynwood Plaza at 95 NW 29th St., serving as the project’s general contractor. The property is in proximity to interstates 195 and 95, as well as routes 1 and 27. Miami International Airport is within approximately 7 miles and downtown Miami is within 4.5 miles.

Office activity leads in Miami

According to the Placer.ai office index, Miami’s return-to-office numbers are the highest across the U.S., compared to pre-pandemic levels. The metro was down only 10.9 percent in December 2025 compared to December 2019, well above the national average of 33.1 percent.

Having the highest return-to-office numbers, Miami also holds the second-lowest office vacancy rate, according to a Yardi Matrix office update. In October 2025, the vacancy rate was 14.3 percent, following Manhattan’s 13.6 percent. Investment sales in Miami this year seem to be looking up, despite a moderate slowdown in 2025, compared to the previous year. In January, Goldman Properties and Citadel’s Founder & CEO Ken Griffin purchased 545 Wyn, a 10-story office building in Miami’s Wynwood neighborhood, from Sterling Bay Co. for $180 million.