PMG and LNDMRK Development are on track to break ground on the Frida Kahlo Wynwood Residences — the world's first Frida Kahlo-branded residential development — at 119 NW 29th Street in Miami's Wynwood neighborhood during the third quarter of 2026, with a 10% buyer deposit due at that milestone event.

What exactly is being built at 119 NW 29th Street in Wynwood?

The Frida Kahlo Wynwood Residences project, developed jointly by PMG and LNDMRK Development, will deliver 244 luxury residential units across twin towers of 8 and 14 stories, designed by internationally recognized architect Carlos Ott in collaboration with architecture firm CUBE 3. The development sits squarely inside Wynwood, Miami's densest concentration of street art and creative-industry tenants, and carries the licensed branding of the late Mexican artist Frida Kahlo.

  • Units span studio, one-, two-, and three-bedroom floor plans, plus deeded office suites.
  • Asking prices range from $500,000 to $1.6 million.
  • Targeted completion and buyer closings are set for Q2 or Q3 2028.

Why is the Frida Kahlo branding significant for this project?

The Frida Kahlo Wynwood Residences marks the first time the Frida Kahlo estate's intellectual property has been licensed for a residential real estate development anywhere in the world, positioning the project as a cultural landmark rather than a conventional luxury tower. Wynwood's existing identity as a neighborhood shaped by Latin American artistic influence makes it the developers' chosen setting for that distinction.

What do buyers need to know about the deposit and timeline?

Purchasers who have reserved units will owe a 10% deposit at the Q3 2026 groundbreaking event, which marks the formal start of vertical construction. The developers have outlined a two-year construction window, with closings targeted between the second and third quarters of 2028.

  • The groundbreaking deposit requirement means buyers must be financially prepared before construction begins.
  • No completion date earlier than Q2 2028 has been indicated by the development team.
  • The project's deposit structure follows a staged-payment model common in South Florida preconstruction condominium sales.

What does this development mean for Wynwood's urban landscape?

A 14-story tower would represent one of the tallest structures within Wynwood's rapidly densifying core, a neighborhood that transitioned from a warehouse district to a high-demand mixed-use zone over the past decade. The addition of deeded office suites alongside residential units reflects a live-work model that aligns with Wynwood's creative-professional tenant base.

Original reporting and project details courtesy of the Frida Kahlo Wynwood Residences Official Developer Site.