Frida Kahlo Wynwood Residences

Frida Kahlo Wynwood Residences is the first residential project anywhere to carry the Frida Kahlo name — 244 residences across two buildings at 119 NW 29th Street, developed by PMG and LNDMRK Development, with concept architecture by Carlos Ott. Pricing runs $500,000 to $1.6 million, short-term rentals are permitted, and 206 of the 244 units come with a deeded office suite.

It is a genuinely interesting product and it carries a genuinely unusual risk, which most write-ups skip: the Frida Kahlo Corporation’s right to license the name is actively in litigation, and the Eleventh Circuit revived that case in April 2026 — three months after this project launched sales. That belongs on the page, so it is on the page.

By Josh Stein — Miami real estate associate, Florida license SL3057661. Selling Miami luxury property since 2002, with more than $1 billion closed.

What Is Actually Being Built

Two buildings on a 1.1-acre through-block site — an eight-storey north building and a fourteen-storey south building — holding 244 residences between them. The site address is 119 NW 29th Street; the assemblage runs 112–138 NW 30th Street and 119–137 NW 29th Street. The sales gallery is at 1018 N Miami Avenue.

The developers are PMG (Ryan Shear, Dan Kaplan, Kevin Maloney) and LNDMRK Development (Alex Karakhanian) — the same pairing behind another Wynwood condominium a few blocks away. Concept design is by Carlos Ott in collaboration with CUBE 3. Interiors are by Cotofana Designs, with custom Italkraft cabinetry. Sales run through PMG Residential, in-house.

“The architecture that defines Frida Kahlo Wynwood Residences strikes a balance between softness and strength, using graceful curves to create a form that feels resilient, open, and artistic, yet deeply human.”

Carlos Ott, Architect — January 2026

Delivery is stated as 2029 by three separate outlets covering the launch — Florida YIMBY, Axios Miami and Hawkins CRE — against a single outlier reporting 2028. I use 2029. Height in feet has never been published, and no landscape architect or general contractor has been named.

Where the Project Actually Stands

LNDMRK assembled the site across three transactions in 2022 for $11.2 million. PMG bought in and formed the joint venture in October 2023 at $20 million — the site then held nine apartments and two vacant lots. The project was publicly revealed on 26 January 2026, with sales opening concurrently.

The most recent primary source I can verify is 16 June 2026: sales underway, sales gallery open, pre-construction. No groundbreaking. No published permit. No design-review approval date that I could confirm. And no sales-velocity figure has been released at any point.

One correction worth making loudly, because it is circulating. A $126 million construction loan from Madison Realty Capital and Siguler Guff is often attached to this project in search results. It is not this building. That loan went to Twenty Sixth & 2nd Wynwood Residences at 2600 NW 2nd Avenue — a separate PMG/LNDMRK project, 233 units, eight storeys, 73 percent presold, delivering 2028, with an Airbnb short-term-rental partnership. Same developers, same neighbourhood, different building. The 73-percent figure and the Airbnb tie-up do not belong to Frida Kahlo either.

As of the last verified source, no construction financing has been reported for Frida Kahlo Wynwood Residences, against a 2029 delivery target.

The Frida Kahlo Brand Question

The licensor is the Frida Kahlo Corporation, and its role here is deeper than a name on a façade. Per The Art Newspaper, the corporation will curate the art collection, manage food and beverage, and oversee the pool deck. A corporation representative told Axios Miami it will have involvement in the overall design and experience of the building. The licence fee was not disclosed. Kahlo’s likeness is planned to decorate one of the façades.

“Frida Kahlo was never meant to live only on walls, she was meant to be lived.”

Bea Alvarado, Chief Operating Officer, Frida Kahlo Corporation — The Art Newspaper, January 2026

Here is the part that requires attention. The Frida Kahlo Corporation was formed in 2004 by Kahlo’s niece Isolda Pinedo Kahlo, her daughter Mara Cristina Romeo Pinedo, and businessman Carlos Dorado, and it holds more than 25 trademarks on Kahlo’s name and image. Its right to license those marks has been contested by members of the family since at least 2018, when Romeo Pinedo challenged the corporation’s authorisation of a Mattel “Frida Barbie” and the corporation countersued in Florida.

A Florida case was dismissed in 2021 and a Mexican court ruled for the corporation. But on 17 April 2026 the Eleventh Circuit reversed the district court’s dismissal for lack of personal jurisdiction and remanded the case. It is proceeding. That opinion also records that the opposing party’s practice has been to send cease-and-desist letters to the corporation’s business partners and licensees, including Florida recipients in 2021 and 2022.

PMG and LNDMRK are now exactly that class of party. A building whose name, façade artwork, curated art, food and beverage and pool-deck programming all flow through a single contested licence carries an exposure that a Ritz-Carlton or Aman licence does not. The remand landed three months after sales opened. Licence term, renewal rights and termination provisions are not in the public record. Ask for them.

There is a softer reputational point too. The Art Newspaper documented immediate backlash at launch, quoting one commenter: “Kahlo was a dedicated communist and would have hated everything about this.” The corporation has drawn sustained criticism for licensing to Shein, Puma and Mattel. Selling a Marxist icon as an investor product is a durable press-cycle vulnerability, not a one-week story. Whether that matters to you is a judgment call — but it should be a judgment you make knowingly.

The Residences and the Office Suites

Units run studios through three-bedrooms plus penthouses, roughly 400 to 1,170 square feet, priced $500,000 to $1.6 million. Select units carry dens and custom murphy beds. Everything is delivered fully finished and furnished.

The specification: Cotofana Designs finishes, custom Italkraft cabinetry, custom countertops, backsplashes and undermount sinks, imported bathroom cabinetry, frameless glass showers, fully built-out primary closets, built-in washer and dryer in every unit, and private balconies in select residences. Appliance brands and ceiling heights have not been published.

The office suites are the interesting structural move. 206 of the 244 units include a deeded, glass-enclosed office suite of 71 to 170 square feet, with conference-room access. That is not an amenity — it is a deeded, separately usable piece of real estate attached to a small condominium, and it materially changes who can buy the unit and what they can do with it. It also makes the unit legible to a buyer who wants a Miami base with a workspace rather than purely a rental instrument.

Amenities, per the developer: a resort-style pool over the Miami skyline; landscaping explicitly inspired by Kahlo’s own garden at Casa Azul; a wellness centre with a thermal circuit — steam, sauna, cold plunge, treatment rooms — reported at roughly 5,000 square feet; a fitness studio; an outdoor bar and social lounge; and a lobby speakeasy called “Diary,” a direct reference to Kahlo’s published journals.

On the ground floor sits Baker Health, a concierge primary-care practice: 24/7 physician access, same-day appointments, virtual and in-person care, mental health and nutrition. Residents receive a complimentary membership for their first year of occupancy and preferred rates after that.

The Rental Thesis, Stated Honestly

Let me be direct about what this product is. Units start around 400 square feet. They are delivered furnished and turnkey. Short-term rentals are permitted. The majority carry a small deeded office. The same sponsor launched a sister Wynwood building with an explicit Airbnb partnership.

This is primarily an investor product. There is nothing wrong with that — it is a legitimate and often profitable category — but it should be named rather than dressed up as a primary-residence purchase.

What is not published, and what you therefore cannot rely on:

• No operator partnership has been named for this building. Unlike the sister project, there is no announced platform relationship.
• No pro-forma, average daily rate, occupancy assumption or yield projection has been published by the developer or by any source I would cite. Any yield number you are shown is a broker’s model, not the developer’s.
• The zoning code itself does not address short-term rental at this site. The permission is asserted by the developer and by The Real Deal, not verified against the ordinance text in anything I could confirm.
• No deposit schedule and no published price per square foot. On the sourced ranges, the arithmetic lands somewhere around $1,250 to $1,370 per foot — my calculation, not a developer figure, and it assumes the cheapest unit is the smallest.

If you are underwriting this as income, get the declaration, the rental rules and the association budget before you commit. Those three documents will tell you more than the entire sales gallery.

What to Watch Before You Sign

• The licence is contested and the case is live. Eleventh Circuit remand, 17 April 2026. Ask for the licence term, the termination provisions, and what happens to the building’s name and programming if the licence fails.
• No construction loan, no permit, no groundbreaking as of June 2026, against a 2029 delivery. The sister project secured $126 million and hit 73 percent presold before breaking ground. This one has done neither publicly.
• The sponsor is competing with itself. Twenty Sixth & 2nd delivers 233 units in 2028 — one year ahead, same neighbourhood, overlapping price band, overlapping product profile.
• The entitlement gap. Bisnow reported in October 2023 that zoning at the site then permitted up to twelve storeys. The announced south building is fourteen. That implies reliance on Wynwood district bonus provisions or a separate approval — and I could not verify that approval. Ask what it was granted under.
• Confirm which overlay governs. The site sits near the boundary between Wynwood NRD-1 and Wynwood Norte NRD-2. Which one controls materially affects the entitlement story.
• No absorption figure has ever been published. Absence of reported sales velocity is not evidence of weak sales, but it is a gap a careful buyer notices.

“Its emphasis on residential quality, flexible office space, and strong architecture positions the project for the neighborhood’s next phase.”

Alex Karakhanian, Principal, LNDMRK Development — January 2026

Wynwood Around It

Wynwood sits north of downtown Miami and west of Miami Beach. At NW 29th Street this site is on Wynwood’s northern edge, immediately adjacent to Midtown and a short distance south of the Design District — which is the single most valuable thing about this particular parcel.

Wynwood Walls, the neighbourhood’s anchor, presents more than 35 murals by internationally recognised artists and runs on timed advance ticketing. Murals extend well beyond it, alongside commercial galleries across a wide price range. The art-district context here is real and predates this project by more than a decade — which is what makes siting an artist-branded residence in Wynwood coherent rather than opportunistic.

NW 2nd Avenue is the spine, with permeable side streets: a genuinely walkable, fine-grained grid rather than a superblock. Panther Coffee, Coyo Taco, The Salty, Gramps and Cervecería La Tropical are among the established operators. There is no Metrorail or Metromover station in Wynwood itself — the practical link is the free Freebee electric shuttle network, which reaches Midtown, Edgewater and the 15th Street Metromover station downtown.

On zoning: Wynwood NRD-1 was the City of Miami’s first Neighborhood Revitalization District, adopted 24 September 2015. It governs building design, commercial and civic uses, alcohol operations, parking and public-benefit contributions, and lets developers gain building capacity by contributing to affordable housing, parks and open space, or the Wynwood Trust Fund. The Wynwood Design Review Committee reviews designs for consistency with the district’s character before they reach the Planning Director and the Urban Development Review Board. A separate NRD-2 overlay governs Wynwood Norte immediately to the north.

Since2002Selling Miami luxury

Closed$1B+In career sales volume

Years24In this market

Buildings478Tracked across Miami

Frida Kahlo Wynwood Residences — Frequently Asked Questions

Where is Frida Kahlo Wynwood Residences located?

119 NW 29th Street, Miami, on a 1.1-acre through-block site at Wynwood’s northern edge, adjacent to Midtown and a short distance south of the Design District. The assemblage runs 112–138 NW 30th Street and 119–137 NW 29th Street. The sales gallery is at 1018 N Miami Avenue.

How much do units at Frida Kahlo Wynwood Residences cost?

$500,000 to $1.6 million, for units of roughly 400 to 1,170 square feet, delivered fully finished and furnished. No price per square foot and no deposit schedule has been published by the developer. A lower $400,000 entry figure circulates on brokerage sites and is not corroborated by any source worth citing.

Are short-term rentals allowed at Frida Kahlo Wynwood Residences?

Yes — the project is marketed and reported as short-term-rental friendly. But no operator or platform partnership has been named for this building, no minimum-stay rule has been published, and no yield, occupancy or daily-rate projection exists from the developer. The governing document is the recorded condominium declaration; get it before underwriting any income assumption.

What is the deeded office suite?

206 of the 244 residences include a deeded, glass-enclosed office suite of 71 to 170 square feet, with access to conference rooms. It is separately deeded real estate attached to the unit rather than a shared amenity, which changes both who can buy and how the unit can be used.

Is the Frida Kahlo brand licence secure?

It is contested. The Frida Kahlo Corporation holds more than 25 trademarks on Kahlo’s name and image, and members of Kahlo’s family have disputed its authority since at least 2018. On 17 April 2026 the Eleventh Circuit reversed a dismissal and remanded that case, so it is proceeding. The same opinion records that the opposing party has sent cease-and-desist letters to the corporation’s licensees and business partners. No licence term or termination provision has been made public.

When will Frida Kahlo Wynwood Residences be completed?

2029, per Florida YIMBY, Axios Miami and Hawkins CRE, all reporting within days of the January 2026 launch. One outlet reported 2028. As of June 2026 there was no groundbreaking, no published permit and no reported construction loan, so 2029 is a target rather than a schedule.

Is the $126 million construction loan for this project?

No. The $126 million loan from Madison Realty Capital and Siguler Guff, reported 1 May 2026, went to Twenty Sixth & 2nd Wynwood Residences at 2600 NW 2nd Avenue — a separate PMG and LNDMRK project of 233 units delivering 2028. The 73-percent-presold figure and the Airbnb partnership associated with that loan also belong to that building, not this one.

Sources and further reading

• PMG, Lndmrk launch Frida Kahlo-branded condos in Wynwood — The Real Deal27 January 2026: address, 244 units, eight and fourteen storeys, $500,000–$1.6M pricing, the $20 million land basis and the short-term-rental permission.
• PMG, Lndmrk score $126M construction loan for Wynwood condos — The Real Deal1 May 2026: the source establishing that the $126 million loan belongs to Twenty Sixth & 2nd, not to Frida Kahlo Wynwood Residences.
• PMG and LNDMRK Reveal First Ever Frida Kahlo Wynwood Residences — PROFILEmiamiThe full launch press release of 26 January 2026 — design team, amenity programme, and the Shear, Ott and Karakhanian quotes.
• Wynwood Welcomes Frida Kahlo Wynwood Residences — PROFILEmiami16 June 2026, the most recent verified status: sales underway, sales gallery address, Italkraft cabinetry, the Diary speakeasy and the Baker Health membership terms.
• Waldorf Astoria Supertall Developer Acquires Wynwood Site — Bisnow6 October 2023: the $20 million acquisition on 1.1 acres, the prior $11.2 million assemblage, and the note that zoning then permitted up to twelve storeys.
• Frida Kahlo Wynwood Residences — official developer siteThe developer’s own amenity, residence and finish schedules, and the Baker Health programme.
• Frida Kahlo Corp. v. Pinedo, No. 24-10293 (11th Cir., 17 April 2026)The appellate opinion reversing dismissal and remanding the trademark dispute, and the record of cease-and-desist letters sent to the corporation’s licensees.
• Frida Kahlo-branded luxury condos go up for sale in Miami — The Art Newspaper29 January 2026: the only source detailing the corporation’s operational role in art curation, food and beverage and the pool deck, plus the Bea Alvarado quote and the launch backlash.
• Frida Kahlo-branded luxury condo planned for Wynwood — Axios Miami30 January 2026: the undisclosed licence fee, the corporation’s 25-plus trademarks, and the 2029 completion target.
• Neighborhood Revitalization District-1 (NRD-1) — City of Miami Planning DepartmentThe municipal primary source: NRD-1 adoption on 24 September 2015, the public-benefit bonus framework, and the Wynwood Design Review Committee’s role.