The Miculitzki family’s Block Capital Group bought into Diesel Wynwood, Bel Invest Group’s planned branded condominium project in the trendy Miami neighborhood.
Wynwood-based Block Capital is taking the lead on the development, according to sources. Bel-Invest Group, led by CEO Maximilian Beltrame, remains a partner. Block Capital plans to relaunch the project by November, said Gaston Miculitzki, a spokesperson for the family and commercial director at Wynwood-based BM2 Realty. BM2 is handling sales and marketing in-house.
It will mark the second re-launch for Diesel Wynwood since plans for the 159-unit project at 148 Northwest 28th Street were revealed in 2019. Bel-Invest, an international development firm based in Vicenza, Italy, originally planned to kick off sales after Art Basel Miami Beach in 2019, but delayed the timeline because of the pandemic. It launched sales in 2021.
Source: The Real Deal