Moishe Mana wins county nod for Wynwood land swap

Miami /
Jun.June 11, 2015 06:15 PM

Miami-Dade’s Economic Development Committee on Thursday unanimously backed a pending land swap-construction deal between the county and Wynwood developer Moishe Mana.

The deal, which Miami-Dade County Commissioner Audrey Edmonson described as a “win-win,” will come before the full Miami-Dade County Commission for a vote on June 30. It involves the county giving Mapton Holdings, a subsidiary of Mana Wynwood, 1.4 acres of 60,560 square feet of land valued at $6.8 million, located at 270 Northwest 23rd Street, 251 Northwest 22nd Lane, 205 Northwest 22nd Lane, and 2268 Northwest Second Avenue.

Mana Wynwood already owns 30 acres in Wynwood, as well as the massive Dade Foreign Trade Zone, which is located “directly adjacent to the county property,” according to a county memo.

In exchange, Mana Wynwood will give the county 15,715 square feet of land at 2153 Northwest Second Avenue and 2145 Northwest Second Avenue valued at $3 million.

Mana Wynwood will also build a $7.37 million, three-story, 45,912 square foot county facility with 29 indoor parking spaces that will include an office for Edmonson (whose district includes Wynwood), a Puerto Rican Community Center, and an office for the Puerto Rican Chamber of Commerce. About $2.5 million of the facility’s cost will be paid for by a county general obligation bond. The rest of the facility’s bill will be footed by Mana Wynwood.

“They will also give us a line of credit for $5 million,” Edmonson told her colleagues. “So, if they renege [on the deal], the county keeps the $5 million.”


Related Articles

arrow_forward_ios
48 and 76 East Flagler Street with Moishe Mana (Google Maps)
Moishe Mana’s downtown Miami buildings declared unsafe, ordered evacuated
Moishe Mana’s downtown Miami buildings declared unsafe, ordered evacuated
(Facebook via Wynwood 25 and Joe's Pizza)
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
Lease roundup: New York pizzeria opening at Wynwood 25, logistics provider heading to Davie & more
Robert Finvarb and Abraham “Abie” Hidary with the site at 2534 North Miami Avenue (Koniver Stern Group)
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
Hidrock Properties, Robert Finvarb pay $13M for Wynwood site
The Dorsey project by Related Group in Wynwood and 2600 Sawgrass Mills Circle (Google Maps)
Lease roundup: New York hedge fund takes Miami space for second HQ, Sushi Maki expands to Fort Lauderdale
Lease roundup: New York hedge fund takes Miami space for second HQ, Sushi Maki expands to Fort Lauderdale
Developers of Society Wynwood mixed-use project scores $142M construction loan
Developers of Society Wynwood mixed-use project score $142M construction loan
Developers of Society Wynwood mixed-use project score $142M construction loan
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
5801 Northwest 49th Avenue in Miami Gardens and Lightstone CEO David Lichtenstein (Google Maps, Lightstone)
Lightstone pays $20M for Miami Gardens warehouse leased to Moishe Mana
Lightstone pays $20M for Miami Gardens warehouse leased to Moishe Mana
A rendering of Wynwood Haus
Wynwood Haus apartment tower in an Opportunity Zone scores $38M construction loan
Wynwood Haus apartment tower in an Opportunity Zone scores $38M construction loan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...