Porn king scores Wynwood development site

It’s zoned for up to 85K sf of development

Miami /
Dec.December 20, 2019 01:30 PM
Kris Hinson, Miguel Pinto, 2210 Northwest Miami Court (Getty Images)

Kris Hinson, Miguel Pinto, 2210 Northwest Miami Court (Getty Images)

A porn mogul paid $4.2 million for a development site in Wynwood, The Real Deal has learned.

Showcase Acquisitions LLC, a company led by Kris Hinson, co-founder of porn site Bang Bus closed on the property at 2210 Northwest Miami Court, according to sources.

The 13,345-square-foot corner lot is in the southeast quadrant of Wynwood. Investor Philip Knoll put the property on the market with Miguel Pinto of Apex Capital Realty earlier this year for $5.25 million. Pinto also represented the buyer. He declined to comment on the deal or confirm the buyer’s identity.

The lot is the only piece of land on the block that is not owned by the Salvation Army. It last sold in 2016 for $3.85 million, according to property records.

Pinto said the site, which includes a renovated Class A office building, allows for up to 85,000 square feet of development, a 45-unit multifamily building or a 90-room hotel.

Development is ramping up in that section of Wynwood. In October, developer Valerio Morabito paid $9.3 million for the building a block away, at 2143 Northwest First Avenue. Morabito told TRD at the time that he signed a long-term lease with a co-working tenant that will take the entire building. He declined to identify the tenant.


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