The Real Deal Miami

Wynwood tract sells for $3.6M

December 13, 2011 10:35AM

A 3.22-acre vacant lot in Wynwood has been sold to buyer Megan Holdings for $3.6 million,
according to Metro 1 Properties President and CEO Tony Cho, who
represented Megan in the deal. The seller was Artist Lofts, an entity
owned by David Lombardi and a group of investors. “The acquisition is
part of a larger plan for future development, but it is a key piece to
the puzzle,” Cho said. “We believe Wynwood is one of the most exciting
neighborhoods in Miami’s urban core and has tremendous upside
potential.” The site has been used in the past for food trucks during
the Wynwood Art Walk. — Alexander