Wynwood art and concert venue listed for sale at $12.9M

Artist Gino Tozzi owns the venue that can hold 3,000 guests

TRD MIAMI /
Feb.February 25, 2015 01:30 PM

The LMNT complex, a popular multi-use venue in Wynwood, has been listed for sale at $12.9 million.

Metro 1, a Wynwood-based real estate firm, is handling the listing. The firm said LMNT is completely turnkey, with event production permits, liquor licenses and future booking contracts already in place.

The complex’s 13,680-square-feet of indoor and outdoor space can hold up to 3,000 guests. It also features state-of-the-art recording and production studios, five studio offices and two workshops, a 3,000-square-foot art gallery with tall ceilings, mezzanine office space and a parking lot that doubles as a concert area.

Tony Cho, president and CEO of Metro 1, told The Real Deal that the property could be used as a nightclub, restaurant or retail space.

“The property is zoned for up to 3,000 people,” Cho told The Real Deal. “Miami is a party town; People want to have fun. Here you can do it legally without being shut down by the Fire Marshall.”

Miami artist Gino Tozzi is the owner. His company, Midtown Studios 55, purchased the property at 55-85 Northwest 36th Street in 2008 for $2.1 million and constructed the current building. Since then, the venue has hosted patrons like Lexus, Cadillac, Remy Martin, the Universal Music Group and the Latin Billboard Awards after-party, among others.

“I think he wants to shift back into his art and move on to the next venture,” Cho said.


Related Articles

arrow_forward_ios
From left: Andrea and Renzo Rosso

Diesel family dishes on Wynwood condo project

(Credit: Redwood Media Group)

Developers and brokerages are getting creative for Art Basel

Daily Digest Miami

Palm Beach estate hits market for $110M, Gulfstream Park bets on $20M renovation

Rendering of One Eleven Wynwood Hotel by Sonder and Eduardo Vargas, Andres Hogg and Andres Klein

Sonder inks lease for flagship Wynwood hotel

Gustavo Miculitzki, Jon Paul Perez, and Jay Roberts with a rendering of the project

Related, Block Capital sign deal with short-term rental operator

Daily Digest Miami

Sterling Bay tops off 545wyn in Wynwood, Reich Brothers buys $70 million former Sears distribution center in Ocala

LeBron James with a rendering of Unknwn Wynwood (Credit: Getty Images)

Renderings revealed: River Parc master plan, Unknwn’s Wynwood store

Miami-Dade County Commissioner Xavier Suarez and Miami City Mayor Francis Suarez (Credit: Getty Images, iStock)

Developers, ex-mayor push for rail expansion in Wynwood, Little Haiti and Liberty City

arrow_forward_ios