Crowdfunding campaign launched for Wynwood building

Fundrise teams up with Atlas Real Estate Partners for mixed-use project
June 27, 2014 10:30AM

2301 North Miami Avenue (via LoopNet)

A developer in Miami’s Wynwood neighborhood launched a crowdfunding initiative to help fund the mixed-use project.

Fundrise and New York-based Atlas Real Estate Partners began crowdfunding efforts on Thursday for the 13,000-square-foot development at 2301 North Miami Avenue, according to a written announcement from the companies. The property underwent recent renovations and is 50 percent leased. “Design, artistic and creative tenants” are expressing interest in the remaining two spaces up for lease.

“In addition to being one of the fastest growing neighborhoods in Miami, the Wynwood Arts District is a hub for creative innovation and we look forward to supporting the growth of the community,” Fundrise cofounder Dan Miller said.

Atlas managing principal Arvind Chary cited the company’s interest in “creating projects that spur community growth” and Fundrise’s crowdfunding model as key reasons for the partnership.

The Wynwood project is Fundrise’s first offering in Florida. — Eric Kalis