Goldman nabs $22M construction loan for Wynwood garage

Miami /
Apr.April 27, 2017 12:45 PM

Goldman Properties secured a $22 million construction loan for an artsy parking garage in Wynwood, property records show.

Sabadell United Bank provided the financing to Goldman affiliate Wynwood DS LLC. Goldman, led by CEO Jessica Goldman Srebnick, is building an eight-story, 428-space parking garage on the site at 2660 Northeast Third Avenue in Miami.

The project also will have about 20,600 square feet of retail on the ground floor and nearly 24,000 square feet of office space on the top floor. The facade, a latticework of panels that surround the building, will form a giant blank canvas for artists chosen by Goldman to display their work. The art will be installed using a removable film, which could be swapped out for new pieces every few years.

The garage will mark one of the first in Wynwood, where parking is limited to the street and lots.

Goldman was the first to invest in Wynwood with purchases that were started by her father, the late Tony Goldman. In September, the firm sold a 1.25-acre development site along Northwest Second Avenue and 27th Street to RedSky Capital and JZ Capital Partners for $30.75 million, or about $565 per square foot.

Since new zoning designations were put in place in Wynwood in late 2015 encouraging more density, mixed-use and residential developments, a number of new projects have been proposed.


Related Articles

arrow_forward_ios
AJP Real Estate’s Alberto Pérez and Thor Equities’ Joseph Sitt with Wynwood Walk and MedSquare Health medical offices ( AJP Real Estate, Thor Equities)
Lease roundup: AJP, Mas fully lease Kendall medical offices
Lease roundup: AJP, Mas fully lease Kendall medical offices
2100 Northwest Miami Court, 2101 Northwest First Avenue and 2127 Northwest First Avenue (Google Maps, Getty)
Another Wynwood dev site hits market asking above $30M
Another Wynwood dev site hits market asking above $30M
Block Capital Group's Gustavo Miculitzki and a rendering of the proposed five-story, 17-unit apartment project at 91 Northwest 27 Street in Miami’s Wynwood (MKDA)
Block Capital proposes 17-unit Wynwood apartment project
Block Capital proposes 17-unit Wynwood apartment project
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Evolve's Mike Winstead Jr. and Joe McKinney with rendering of the Evolve's Wynwood project (Evolve Companies, CTD Architecture)
North Carolina firm plans 141-unit Wynwood apartment project
North Carolina firm plans 141-unit Wynwood apartment project
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
Brick & Timber's Glenn Gilmore and Jesse Feldman with 215 NW 24th Street (LinkedIn, Brick & Timber, Google Maps)
Lease roundup: Brick & Timber, UBS nab tenants
Lease roundup: Brick & Timber, UBS nab tenants
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
arrow_forward_ios

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

Loading...