The Real Deal Miami

Posts Tagged ‘wynwood’

  • Kit and Ace aims at cool Miami spots for new store openings

    Stores in Wynwood and Coconut Grove will be first in Florida, as company expands worldwide
    October 07, 2015 02:15PM
    Houston Rice Village

    Kit and Ace’s store in Houston

    Kit and Ace, the luxury apparel, accessories and lifestyle brand for men and women  linked to the founders of lululemon  will open its first Florida stores in Coconut Grove and Wynwood by mid-November, as it targets hip areas for expansion. [more]

  • Wynwood assemblage hits the market for $28M

    Site is zoned for five stories, with a bonus of up to eight stories
    October 07, 2015 10:30AM
    201 Northwest 21st Street and 210 Northwest 22nd Street, and Andy Charry and Jon Gerszberg

    201 Northwest 21st Street, 210 Northwest 22nd Street, and Andy Charry and Jon Gerszberg

    A development site in Wynwood hit the market for $28 million, The Real Deal has learned. [more]

  • Miami CRE: neighborhoods emerging, transforming

    Starbucks, national chains eyeing Wynwood, creating fear it will turn into Lincoln Road
    October 02, 2015 05:15PM
    An aerial view of Miami

    An aerial view of Miami

    When Avra Jain bought the Vagabond Hotel in Miami’s MiMo district two years ago, she couldn’t capture the interest of traditional real estate investors. Comparable rates along Biscayne Boulevard were $60 a night  or $20 an hour, she quipped. Now, after redeveloping the property into a boutique hotel with financial backing from friends and family, off-season rates stand at $159 a night, and the coming season will command $229 to $259 per night.

    Changes taking place in the commercial real estate market in neighborhoods like MiMo and Wynwood are spurring widespread revitalization in Miami and creating other newly emerging areas, panelists said Friday at the Miami Association of Realtors’ RCA Super Conference, held at the Biltmore Hotel in Coral Gables. [more]

  • All washed up: Wynwood car wash sells, to be redeveloped

    Buyers paid $1.48M for site that includes 5,130 sf lot and 2,280 sf building
    September 30, 2015 02:15PM
    car wash

    2021 Northwest Second Avenue in Wynwood

    A Wynwood car wash soon will be redeveloped into a health food cafe and physical training facility, as the gritty Miami neighborhood quickly transforms, The Real Deal has learned. [more]

  • Investor adds to Wynwood assemblage for $5.46M

    Based on land, sale breaks down to $528 psf
    September 23, 2015 12:45PM
    2640 Northwest Fifth Avenue and the surrounding properties the buyer owns, Andy Charry and Jon Gerszberg of Marcus & Millichap

    2640 Northwest Fifth Avenue, and Andy Charry and Jon Gerszberg of Marcus & Millichap

    A retail property on the corner of Northwest Fifth Avenue and Northwest 27th Street in Miami’s Wynwood neighborhood sold for $5.46 million, according to Miami-Dade County records. [more]

  • Thor Equities buys an entire block in Wynwood for $41.5M

    The plan for the site includes a mix of retail, residential, hotel and/or office uses
    September 22, 2015 12:45PM
    Wynwood and Bruce Koniver

    Thor Equities’ new Wynwood properties and Bruce Koniver

    Thor Equities just paid $41.5 million for more than an entire block in Wynwood, a missing piece that gives it one square block and marks the largest deal ever in the red-hot Miami neighborhood, The Real Deal has learned. [more]

  • J Cube Development lands $10M for Wynwood sites

    LLCs tied to Remy Jacobson own both properties
    September 17, 2015 03:45PM
    Charles Penan and Howard Taft, and a map of the mortgaged property

    Charles Penan and Howard Taft, and a map of the mortgaged property

    Remy Jacobson of J Cube Development closed on a combined $9.75 million in financing for two Wynwood properties, real estate investment firm Aztec Group announced on Thursday. [more]

  • Jessica Goldman Srebnick turns her sights to ‘Wynwood 2.0’

    On tap: Wynwood Garden, a garage and a mixed-use project
    August 28, 2015 05:15PM
    Jessica Goldman Srebnick cropped_by_Mia Nunez

    Jessica Goldman Srebnick

    Goldman Properties, often credited with revitalizing Miami’s Wynwood neighborhood, said it’s now turning its sights on “Wynwood 2.0” — a slew of projects in the coming months for the Miami neighborhood, including breaking ground on an eight-story car garage and an expansion of the public art project Wynwood Walls.

    “Wynwood is an extraordinary community,” said Goldman Properties CEO Jessica Goldman Srebnick on Friday, during a “Champions of Business” lunch panel organized by the Miami Beach Chamber of Commerce. “It’s what we love — to see thriving neighborhoods come from something hopeless.”

    While the neighborhood is still in its infancy, Goldman’s focus right now is the next phase of development she told the audience at the St. Regis Bal Harbour Resort. [more]

  • Dr. Smood, a new health-oriented cafe, to open in SoFla

    Quincoces-Dragò & Partners, G. Alvarez Architects and Amicon are working on both cafes
    August 21, 2015 04:30PM
    Renderings of Dr. Smood locations in Miami

    Renderings of Dr. Smood locations in Miami

    Dr. Smood, a new cafe concept specializing in organic food and drinks, has begun a build-out in South Miami and Wynwood, The Real Deal has learned. [more]

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  • Q&A with Tony Cho: on revitalizing Miami’s urban core, expanding to Broward

    Cho has advocated for the rezoning of Wynwood
    August 18, 2015 01:30PM
    Buena vista villas and tony cho

    Rendering of the Buena Vista Villas and Tony Cho, president and founder of Metro 1

    Tony Cho, founder and CEO of Metro 1, ended July with a company record: $80 million in transactions. It was a milestone for Cho, who started his real estate career in 2000 with plans to be a “Realtor to the stars.” [more]