The Real Deal Miami

New York-based Carpe Real Estate Partners pays $14M for Wynwood site

Goltens Miami sold the 1.65-acre site, which could be developed into 600,000 sf project
March 16, 2018 02:30PM

2335 North Miami Avenue

New York-based Carpe Real Estate Partners just paid $14 million for a development site in Wynwood.

David Weitz and Erik Rutter of Carpe bought the 1.65-acre site at 2335 North Miami Avenue from Goltens Miami, a marine engine repair company. It hit the market unpriced in November. Land away from Second Avenue was trading for $225 per square foot to $275 per square foot, which would equate to at least $16 million for the Goltens site.

Mika Mattingly, Noa Figari and Cecilia Estevez of Colliers International South Florida represented the seller. Daniel Lombardi of Lombardi Properties represented the buyer, according to a press release.

Mattingly said she received five offers for the property and that the all-cash deal closed in five days.

The site is zoned T-6-8 and T-5, which means it can be developed into 12 and eight stories, and between 400,000 square feet and 600,000 square feet. It includes a 35,000-square-foot warehouse with a private cul de sac entrance, which Carpe plans to adapt.

Goltens, which owned and operated the site for at least 35 years, is relocating to Miramar.

The property is in southeast section of Wynwood, a block away from East End Capital’s Wynwood Arcade, an adaptive reuse project that is home to the Salty Donut.  – Katherine Kallergis