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The Real Deal Miami

Posts Tagged ‘wynwood’

  • Sales heat up in area from Wynwood to Design District

    Recent deals include sale of vacant land at 11.6x its 2003 price
    May 04, 2015 04:15PM
    Lyle Chariff and Mauricio Zapata and 250 NW 36th Street and Luis Guevara

    Lyle Chariff and Mauricio Zapata, 250 Northwest 36th Street and Luis Guevara

    A vacant lot west of Midtown Miami has sold for $980,000, The Real Deal has learned, as demand for the formerly forgotten area between Wynwood and the Design District heats up. [more]

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  • Sky’s the limit on land prices

    Asking figures in close-in markets of Edgewater, Brickell and Wynwood hit new highs
    May 01, 2015 10:30AM
    The sale of 3333 Biscayne Boulevard lofted land prices in Edgewater.

    The sale of 3333 Biscayne Boulevard lofted land prices in Edgewater.

    From the South Florida Market Report: Land-hungry developers from around the globe are buying up sites in Miami-Dade County for tens of millions of dollars per acre, spurring record sales.

    Among the sky-high prices: nearly $75 million paid for 2.4 acres in Brickell, $64 million for 7.4 acres in Miami’s Arts & Entertainment District, and $75 million for 4.5 acres in downtown Miami.

    International buyers are dominating the local land grab scene. Take the $75 million sale in December of a construction site in the Brickell submarket, an area where asking prices are now 324 percent more than what the land sold for in 2009. [more]

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  • Thor Equities buying big in Wynwood: nearly a square block for $29M

    Seller, David Edelstein of New York-based TriStar Capital, bought site for $8.5M in 2013
    April 15, 2015 04:00PM
    Wynwood site, David Edelstein and Joseph Sitt

    2801 Northwest 3rd Avenue in Wynwood, David Edelstein, above, and Joseph Sitt, below.

    New York-based Thor Equities has signed a contract to pay $29 million for nearly a square city block in Miami’s hot Wynwood neighborhood, The Real Deal has learned. [more]

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  • NY buyer pays $7.4M for retail site in Wynwood

    Price is four times its last sale in January 2006
    April 14, 2015 01:30PM
    2830 North Miami Avenue and Esther Percal

    2830 North Miami Avenue and Esther Percal

    A New York-based company scooped up a Wynwood site on North Miami Avenue last week, joining a number of investors in the area.

    An LLC managed by Miami Beach Realtors Esther Percal and Josephine Pampanas, as well as Neli Santamaria and Frank Amadeo, sold the 11,383-square-foot [more]

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  • Portion of Miami Rescue Mission in Wynwood listed for $22M

    Totals 80K sf of land, four buildings and vacant land
    April 13, 2015 01:30PM
    Miami Rescue Mission properties on the market in Wynwood

    Miami Rescue Mission properties on the market in Wynwood

    Wynwood asking prices continue to skyrocket: the Miami Rescue Mission is listing three assemblages in the area — a total of about 80,000 square feet — for $22 million, The Real Deal has learned. [more]

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  • Here’s what sold between $1M and $6M this week

    Commercial sales include gas station in North Miami Beach and warehouse in Wynwood
    April 08, 2015 03:15PM
    28 Northeast 26th Street

    28 Northeast 26th Street

    Miami-Dade

    Wynwood warehouse: $1.46M

    A 5,108-square-foot warehouse in Wynwood sold to a company headed by a buyer who shares the name of Romanian diplomat, Miami-Dade County records show. Anthony and Iliana Scremin sold the 7,150-square-foot site, which includes paved parking [more]

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  • Wynwood property asks $17M, 5x more than in 2011

    1.1-acre site has a three-story building built in 1923
    April 03, 2015 12:45PM
    1900 Northeast Miami Court

    1900 Northeast Miami Court

    Amid a flurry of recent Wynwood property sales, a commercial building has been listed for $17 million and is being marketed as a mixed-used development site, The Real Deal has learned.

    The 1.1-acre site at 1900 Northeast Miami Court contains a 50,317-square-foot, three-story building, built in 1923, according to Miami-Dade property records. The [more]

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  • Brodson Construction buys Wynwood office building, plans to redevelop into retail

    Amicon Construction sold property for $3.7M, more than seven times its last sale
    March 31, 2015 09:45AM
    2400NE2ndaveandLyleChariff

    2400 Northeast Second Avenue and Lyle Chariff

    A Wynwood office building has traded hands between two construction companies for $3.7 million, The Real Deal has learned.

    The site, at 2400 Northeast Second Avenue in Miami, includes a 10,151-square-foot building on a 12,872-square-foot lot.  [more]

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  • Koniver Stern under contract for $23M Wynwood sale

    Contract expected to close within next four months
    March 26, 2015 02:15PM
    North Miami Avenue properties under contract in Wynwood

    North Miami Avenue properties under contract in Wynwood

    A bundle of properties in Wynwood will be sold for $23 million to an entity controlled by Koniver Stern Group, The Real Deal has learned. [more]

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  • New York-based investors buy another property in red-hot Wynwood

    Jameson Realty Group and Yellow Side Ventures paid $3M for property
    March 24, 2015 04:30PM
    151 Northwest 24th Street in Wynwood, Dan Arev, Jon Krasner and Chaim Cahane

    151 Northwest 24th Street in Wynwood, Dan Arev, Jon Krasner and Chaim Cahane

    Amid surging interest in Wynwood, a group of New Yorkers has bought another commercial property in the burgeoning Miami neighborhood, The Real Deal has learned. [more]

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