LMNT venue near Midtown sells for $10.4M

LMNT complex and adjacent parking lots in Wynwood
LMNT complex and adjacent parking lots in Wynwood

The LMNT entertainment venue in Wynwood has sold for $10.4 million, Miami-Dade County records show.

New Midtown Studios 55, a company led by Miami artist Gino Tozzi, sold the 0.65-acre site to Tirrenia Developments, a Miami-based firm led by Giampiero Di Persia.

The property is on the northeast corner of Northwest 36th Street and Northwest First Avenue. It last sold for $2.1 million in 2008, according to Miami-Dade property records. It had been listed for $12.9 million, according to Metro 1.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

LMNT’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 an adjacent parking lot that doubles as a concert area.

The property is within walking distance of Midtown. One block east is the planned mixed-use residential tower, District 36, as well as Triptych, a planned 20-story, mixed-use hotel development.

Tirrenia sold a Design District building at 3800 Northeast Miami Court, which the company developed, for $26 million in January, according to Miami-Dade property records.