Blog

Category: <span>Wynwood</span>
No Comments

PMG Buys Wynwood Development Site From Lndmrk For $20 Million

Author: Admin
Categories: Commercial News,Development,Multifamily,Wynwood
112 NW 30th Street Assemblage 1170x435

Property Markets Group (PMG) acquired a development site in Miami’s Wynwood neighborhood for $20 million, property records show.

The 1-acre assemblage spans about half a block at 112 NW 30th Street and is home to three single-family homes in the Wynwood Norte Neighborhood Revitalization District. Two years ago, Miami commissioners approved zoning changes to the area in hopes of transforming warehouses into office and apartment-oriented mixed-use projects.

The seller, Lndmrk Development, assembled the seven lots last year, paying $12.5 million in total. PMG plans to erect a condo development with Lndmrk coming on as a joint venture partner, according to a source familiar with the deal.

 

Source:  Commercial Observer

No Comments

Former Miami Beach Mayor Sells Wynwood Complex For $24M

Author: Admin
Categories: Commercial News,Development,Hospitality,Multifamily,Offices,Retail,Wynwood
Whale & Star Building In Wynwood 1170x435

Miami Beach’s former mayor Philip Levine has cashed in on a Wynwood complex known as the Whale & Star Building.

An entity managed by Levine sold three warehouses for $24 million. Combined, the buildings at 2215 Northwest First Place total 27,400, according to a press release. The deal breaks down to $623 dollars per square foot.

The buyer is a Delaware LLC named Whale & Star Wynwood Owner.

Laura Valente with Global Luxury Realty and Alyssa Morgan with the Inside Network represented the buyer. Tony Arellano and Devlin Marinoff with DWTN Realty Advisors and Miami-based attorney Charles Ratner represented Levine.

The full-block property was listed for $29 million.

The existing complex can be repurposed into retail storefronts with glass walls. However, some of the site is primed for redevelopment, according to a listing. A developer could tear down the southern portion of the complex and replace it with a hotel with 265 rooms to 388 rooms or an apartment building with 132 units to 194 units. The zoning also allows for an eight-story office building, the offering states.

 

Source:  The Real Deal

No Comments

Goldman Properties Proposes Work/Live Project In Miami’s Wynwood

Author: Admin
Categories: Commercial News,Development,Multifamily,Retail,Wynwood
2400 Wynwood Building 1170x435

Goldman Properties is seeking approval for a six-story project in Miami’s Wynwood Arts District with loft-style work/live units.

The Wynwood Design Review Committee will consider plans for 2400 Wynwood on Sept. 25. Goldman Properties, through affiliate 2400 NW 2 Avenue LLC, has proposed it on the 13,472-square-foot site at 2400 and 2450 NW Second Ave. The small warehouses there would be demolished.

Totaling 62,908 square feet, the six-story building would have 9,655 square feet of commercial space on the ground floor, 20 work/live units on floors two through five, and a partially covered roof deck with a 1,838-square-foot lounge for tenants. There would be no parking spaces, but it would have a bike storage room.

 

Source:  SFBJ

No Comments

5-Story Food And Beverage Venue Proposed In Miami’s Wynwood

Author: Admin
Categories: Commercial News,Development,Retail,Wynwood
Jack Punma's Food and Beverage In Wynwood 1170x435

A local restauranteur has proposed building a five-story food and beverage establishment in Miami’s Wynwood Arts District.

Somkid “Jack” Punma, chef and owner of Moon Thai & Japanese Restaurant, has submitted plans to build a five-story food service establishment at 74-82 N.W. 28th St.

If built, the 52-foot-tall, 19,873-square-foot project will be have 318 indoor and outdoor seats on each level, “including an activated roof, which is conducive to Wynwood’s character,” wrote Steven J. Wernick, managing partner of Coral Gables-based law firm Wernick & Co., in the development application to the city of Miami. The anticipated hours are 7 a.m.-2 a.m., Monday through Friday, and 10 a.m.-2 a.m., Saturday and Sunday, Wernick added.

The proposed project, designed by Miami-based architecture firms Future Vision Studios and M3 Design + Development, will come before the Wynwood Design Review Committee on Sept. 25.

 

 

Source:  SFBJ

No Comments

Aromatherapy Supply Store Aromoa360 Inks Deals For 33,500 SF In Wynwood

Author: Admin
Categories: Commercial News,Leasing,Retail,Wynwood
aroma360 miami showroom_photo credit aroma360 1170x435

Aromatherapy supply store Aroma360 opened offices, and storage and production outposts in Wynwood neighborhood.

Aroma360 took 4,000 square feet at 10 Northwest 24th Street; 7,500 square feet at 31 Northwest 23rd Street; 2,000 square feet at 51-53 Northeast 24th Street; and 20,000 square feet at 38 Northwest 24th Street, according to a company spokesperson. The outposts, which are open, are not storefronts.

Founded and led by Benzion Aboud, Aroma360 has collaborated with brands such as Ferrari and Cipriani, as well as celebrities such as Dwyane Wade and Dr. Dre.

Miami-Dade County real estate investor Doug Levine, through affiliates, owns the buildings, property records show.

The deals mark an expansion for Aroma360, which already leases a 50,000-square-foot warehouse at 1148 Northwest 72nd Street in unincorporated Miami-Dade.

 

Source: The Real Deal

 

 

 

 

No Comments

12-Story Office Tower At Wynwood Plaza Tops Out

Author: Admin
Categories: Commercial News,Development,Multifamily,Offices,Retail,Wynwood
wywood plaza_photo credit the wynwood plaza dot com 1170x435

L&L Holding Co. and Oak Row Equities, with project partner Shorenstein Properties and co-investor Claure Group, have completed the vertical construction of a 12-story office tower situated within The Wynwood Plaza, a 1 million-square-foot mixed-use campus underway in Wynwood.

Upon completion, the office development will total 266,000 square feet and will feature touchless entry and elevator systems, a dedicated parking garage, fitness club, bar lounge, conference and collaboration spaces and an expansive rooftop. Tenants will include Claure Group and law firm Weitz & Luxenberg, which will occupy 25,400 and 18,000 square feet, respectively.

Located at 95 N.W. 29th St., Wynwood Plaza is scheduled for completion in the first quarter of 2025 and will feature 509 residential units, as well as 32,000 square feet of shops, cafes and restaurants.

 

Source:  RE Business

 

 

 

 

No Comments

French-Style Cafe From New York To Make Florida Debut In Wynwood

Author: Admin
Categories: Commercial News,Retail,Wynwood
maman_photo credit maman dot com 1170x435

Maman, the popular French cafe started in New York, is making its way south, with plans to open three locations across South Florida, Commercial Observer has learned.

The first — and largest — location on the docket will be at the Sentral Wynwood residential development, according to Brand Urban, the real estate brokerage that represented Maman. Located at 51 NW 26th Street, the 4,202-square-foot restaurant is slated to open this winter and will function as a flagship location, housing an all-day cafe and bakery, as well as a pastry production kitchen for the South Florida region. The asking rent stood at $80 per square foot.

Founded by husband-and-wife duo Benjamin Sormonte and Elisa Marshall in New York’s SoHo neighborhood nearly a decade ago, the all-day cafe concept has grown to 31 locations across the Northeast and Canada. Maman, which means “mother” in French, sells quiches, salads and pastries. The Florida cafes mark the brand’s first venture into the South.

Maman will also open locations in Coral Gables and West Palm Beach.

 

Source:  Commercial Observer

No Comments

Construction Permit In Process For 289-Unit Wynwood Urby, Contractor Named

Author: Admin
Categories: Commercial News,Development,Multifamily,Offices,Retail,Wynwood
The Wynwood Urby Apartment and Retail Project Planned At 60 N.E. 27th St., Miami 1170x435

The permit was applied for in May, with the full plans filed on June 27 and now in review.

The hard construction cost is estimated on the permit at $69,800,000. Beauchamp Construction is listed as the contractor.

The project was first reviewed by the Wynwood Design Review Committee in April 2022.

A total demolition permit to clear the site was applied for last July. Then in August, a utilities deal for water and sewer was signed.

Wynwood Urby is planned to include:

  • 289 apartments
  • 8,000 square feet of full service restaurant
  • 9,200 square feet of retail
  • 1,450 square feet of office
  • 193 parking spaces

Urby is a joint venture between David Barry and Brookfield Properties.

Amsterdam’s Concrete is the design architect, with 5G Studio the architect of record.

 

Source:  Next Miami

No Comments

Total Demolition Permit Submitted For 2000 Wynwood

Author: Admin
Categories: Commercial News,Development,Multifamily,Retail,Wynwood
2000 wynwood multifamily 1170x435

A total demolition permit has been submitted for the 2000 Wynwood site, where an apartment building is planned.

The demolition permit was applied for on July 20, with the full plans filed August 9 and now under review.

The estimated cost listed on the permit is $13,000.

A new construction permit to build a multifamily rental building was submitted in December 2022 and is still in process.

In February, the developer signed a deal for water and sewer utilities for 310 apartments, 1,000 square feet of full service restaurant, and 8,300 square feet of retail.

In June, the project had hearings before the Wynwood Design Review Committee and the Urban Development Review Board.

Both boards voted to recommend approval with conditions.

The 12-story project is proposed to include:

  • 310 residential units
  • 9,416 square feet of retail
  • 308 parking spaces

 

Source:  The Next Miami

What Can We Help You Find?

About FIP Commercial

Discover prime performance for your asset or portfolio with FIP’s Repositioning professionals. We offer experienced asset management professionals and techniques to help you scale the positioning of your property and the growth of returns. Our Valuation professionals will assist you with everything from financial analysis to personalized investment strategies to meet your needs.

Social

Contact Us

2136 NW 1st Ave Miami, Florida 33127 (305) 438.7740 web@fiprealty.com
© 2024 FIP Commercial. All rights reserved. | Site Designed by CRE-sources, Inc.