Long-awaited Salty Donut to open permanent location during Art Basel
The much-anticipated Salty Donut will open its permanent doors during Art Basel 2016.
The craft doughnut cafe has been operating out of a pop-up location in Wynwood and will open at the Wynwood Arcade next month along with retailers Please Don’t Tell, Osme Perfumery and Apothecary.
East End Capital completed the 25,000-square-foot Wynwood Arcade and turned it over to its tenants during the summer. The adaptive reuse project, at 50 Northwest 24th Street, is in a pocket of new development in the artsy neighborhood that includes the Miami Arts Charter School next door.
David Peretz, founder and managing partner of East End Capital, wants Wynwood Arcade to be a communal gathering spot in Wynwood, like the Wynwood Walls and Panther Coffee.
Please Don’t Tell is a clicks-to-bricks women’s fashion and accessories store owned by designer and blogger Carolina Benoit. It will open on Wednesday in a 774-square-foot space, a spokesperson told The Real Deal. The 700-square-foot Osme Perfumery and Apothecary opened last weekend, and the Salty Donut, which has been operating on the weekends, will launch its 1,046-square-foot doughnut shop and coffee bar during Miami Art Week. It was originally slated to open in January 2016.
Bonobos, artist Shawn Kolodny and Patrizia Bozzi Design are already open. Three spaces are left at the arcade ranging from 1,500 square feet to 2,000 square feet, not including Norman Van Aken‘s restaurant and cooking school, Raphaella Booz and Bella Mia Gelato. Buildouts are underway for those tenants, according to a press release.
Asking rent at the retail and restaurant project was $55 triple-net, per square foot.
The Wynwood Arcade, wrapped with murals by artist Tristan Eaton, has four entrances, an open-air atrium, a cascading staircase and a rooftop bar and lounge. East End Capital secured a $10.5 million loan to pay off construction financing and return equity for the project during the summer. East End bought the property in 2014 for $5.37 million.
The developer plans to break ground on its second Wynwood project, a mixed-use apartment building called Wynwood 25, during the second quarter of next year. He expects construction to take about two years.
An earlier version of this story incorrectly identified the sales price for the land. East End paid $5.37 million for the property in 2014.