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Alexis Bogomolni launches sales of Wynwood Norte condos
Prices for 24-unit Casa Wyn start at $359K, units can be rented out short-term
Alexis Bogomolni’s ABH Developer Group is launching sales of Casa Wyn, the first in his series of planned residential projects in Miami’s Wynwood Norte.
The 24-unit Casa Wyn, at 355 Northwest 31st Street in Wynwood, will have studio and one-bedroom units, according to a press release. Prices start at $359,000, and condos will range in size from 401 square feet to 695 square feet.
Construction is set to begin in early 2024, and is expected to be completed in 2025, the release shows. The planned building is 66 percent pre-sold, according to a spokesperson for the developer.
Owners will be able to rent the units out as short-term rentals, amid an ongoing trend, with other planned projects like the Standard Residences in Midtown Miami and the Crosby in downtown Miami also offering short-term rental services.
Casa Wyn was designed by Miami-based Modis Architects, and will include a rooftop garden and grilling area, the release says.
Target buyers are younger first-time homebuyers and investors looking to take advantage of the short-term rental feature, according to the release.
“We really want to serve the growing demand for attainable housing options in Miami,” Bogomolni wrote via email.
W31 Studios LLC, an affiliate of ABH Developer Group, paid $935,000 for the nearly 0.2-acre development site in 2022, records show. Casa Wyn is one of six projects Bogomolni is starting in Wynwood Norte this year, with a planned pipeline of more than 200 units. In total, he has 13 Wynwood Norte projects in the pipeline, with at least another 150 units planned for the neighborhood beyond 2023, Bogomolni previously told The Real Deal.
Bogomolni is the 24-year-old son of MG3 Group’s Gustavo Bogomolni. He graduated from New York University’s Stern School of Business in 2021, and worked part time as an analyst for MG3 Group while he was a student, LinkedIn shows. He previously launched a fashion and lifestyle brand, Stop Lookin, in 2017, before starting ABH Developer Group in 2021.
Wynwood Norte, the neighborhood just north of the Wynwood Arts District, received a zoning overhaul in 2021 designed to attract workforce housing development.
Bogomolni isn’t the only developer jumping to build in the area. Property Markets Group and Lndmrk Development bought a $20 million assemblage for a planned condo development earlier this month.