Arbor Realty Trust, a publicly-traded lender of residential rental projects, will move into an 8,000-square-foot office in Miami’s Wynwood Arts District later this year.
The Uniondale, New York-based company with $16.59 billion in assets as of March will open an office on the seventh floor of Wynd 28, an eight-story building at 127 N.W. 27th Ave. Its Miami office is currently in a WeWork space at 360 N.W. 27th St. in Miami.
Arbor Realty Trust specializes in providing financing for multifamily and single-family rental portfolios and other diverse commercial real estate assets.
The company opted to stay in Wynwood because the location “symbolizes the trends and growth potential of the Miami market as the neighborhood has emerged as a marquee hub for young creatives — not unlike Brooklyn and Arts District Los Angeles,” the company stated. The neighborhood is also part of Miami’s downtown submarket, “which accounts for one-fifth of the Miami multifamily market’s total inventory.”
Available office space for Wynd 28 is listed on LoopNet.com for $65 per square foot.