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Posts Tagged ‘wynwood’

  • N.Y. developers add to Wynwood portfolio, buy entire block for $11M

    Joint partnership between Yellow Side Partners and East End Capital
    January 28, 2015 06:01PM
    wynwood trio

    Dan Arev, Chaim Cahane and Jon Krasner of Yellow Side Ventures

    A joint venture between two New York investment firms just bought an entire block on the west side of North Miami Avenue, between 24th Street and 25th Street, in Miami’s white-hot Wynwood neighborhood.

    The partnership, between Yellow Side Ventures and East End Capital, paid $11 [more]

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  • Board recommends approval for mixed-use Wynwood site

    Plans include 79 hotel rooms, 12K square feet of retail and parking for 315 cars
    January 28, 2015 02:27PM
    Site for planned hotel in Wynwood

    Site for planned hotel in Wynwood

    Last week, Miami’s Urban Development Review Board recommended approval of mixed-use plans for 2110 North Miami Avenue.

    New York developer Sonny Bazbaz is planning to build a hotel in Wynwood, which is expected to feature 163 studio and one-bedroom apartments, 79 hotel rooms, 12,407 square feet of retail and parking for 315 cars. [more]

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  • Concrete Beach Brewery to open in Wynwood

    Amicon Construction to complete brewery this quarter
    January 19, 2015 03:44PM
    Concrete Beach Brewery bar and Amicon CEO Adam Mopsick

    Concrete Beach Brewery bar and Amicon CEO Adam Mopsick

    The concrete has been poured, now it’s time for the beer. [more]

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  • East End begins developing Wynwood property

    Developer paid $23.5M for building
    December 24, 2014 12:45PM
    Rendering of Wynwood Central.

    Rendering of East End’s plans for Wynwood

    East End Capital starting developing its 1.4 million square feet of property in Wynwood.

    About 500,000 square feet of that property is in active pre-development, with initial completion expected by 2016. The developer’s website was updated with new renderings of what is planned in Wynwood. [more]

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  • KAR Properties buys Wynwood site for $12.5M

    Land last sold in 1995 for $280K
    December 19, 2014 05:21PM
    KAR Properties CEO Shahab

    KAR Properties CEO Shahab S. Karmely

    A New York developer bought a 1.03-acre site in Wynwood on Thursday for $12.5 million.

    The property, at 2050 North Miami Avenue, is KAR Properties’ fifth in South Florida. CEO Shahab S. Karmely said in a news release that the company is focused on South Florida’s emerging and established neighborhoods. The developer paid cash for the Wynwood property. [more]

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  • BridgeInvest funds Wynwood acquisition loan

    Deal closed in less than three weeks with repeat borrower
    November 20, 2014 12:45PM
    BridgeInvest closed a loan on a site on NW 2nd Avenue.

    BridgeInvest closed a loan for a site on Northwest Second Avenue

    Miami-based real estate lender BridgeInvest closed a $2.5 million acquisition loan on a prime redevelopment site in the burgeoning Wynwood Arts District.  This is the second deal that the borrower, a special purpose vehicle managed by local investor Remy Jacobson, has done with BridgeInvest in Wynwood.

    The continued influx of new tenants into the area and the site’s location within an emerging submarket made it an attractive project for BridgeInvest. [more]

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  • Wynwood warehouse deal closes after two years in court

    The seller had tried to scuttle the closing
    November 13, 2014 01:30PM
    Screen-Shot-2014-11-13-at-9.39

    217 NW 22nd Street

    The $3 million sale of a Wynwood property nearly two years ago has been tangled in a legal imbroglio ever since. Now, a judge has ruled in favor of the buyer.

    At the closing in 2012, seller M&S Investment had a change of heart as the neighborhood became a development hotspot. Moreover, M&S discovered late in the deal that the property – a 27,000-square-foot warehouse and commercial parcel at 2001 Northwest 21st Street and 210 Northwest 22nd Street — would be subject to a $250,000 early-termination penalty on its Bank of America mortgage, according to the Daily Business Review. [more]

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  • Wynwood veteran recommends patience

    David Lombardi plans to develop mixed-use project on 29th Street over the next four years
    November 06, 2014 03:00PM
    Wynwood and David

    Wynwood and David Lombardi

    With Wynwood real estate so hot, a neighborhood pioneer David Lombardi says now is a great time to “do nothing.” [more]

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  • Documentary explores gentrification of Wynwood: VIDEO

    Local filmmakers detail transformation of Miami neighborhood through development
    November 04, 2014 11:40AM
    righttowynwood

    Images from the “Right to Wynwood” documentary

    A recently released documentary explores the impact of gentrification on Miami’s burgeoning Wynwood neighborhood, which is being heavily targeted by major investors and developers. [more]

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  • Moishe Mana has grand plan for Wynwood

    Largest landowner continues to add to his holdings
    October 30, 2014 04:30PM
    Moishe Mana

    Moishe Mana

    The biggest landowner in Miami’s Wynwood district is becoming even bigger.

    That’s according to a profile in the Daily Business Review, in which Moishe Mana described some of his vision for the area. Mana, an Israeli entrepreneur, recently hired architect Bernard Zyscovich to create a master plan for the area, where he has been buying up lots since 2010. [more]

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