Fisher Brothers Management can begin construction of an eight-story multifamily project in Wynwood after securing a $117.5 million loan.
An affiliate of Los Angeles-based Canyon Partners provided the construction financing for Wynhouse, a proposed development with 312 apartments, 27,500 square feet of restaurant and retail space and 120 parking spaces, records show. The 1.5-acre development site is the former Miami Rescue Mission headquarters at 2201, 2229 and 2159 Northwest First Court, and 2200 and 2250 Northwest First Avenue.
Designed by Miami-based Nichols Brosch Wurst Wolfe & Associates, the specifics of the 340,394-square-foot project include 107 parking spaces, 10 ground-floor retail stores spanning 24,114 square feet and 8,165 square feet of rooftop amenities which include a pool and lounge. The building surrounds a central courtyard, and the property is bisected by more than 8,000 square feet of public paseo space, open to the public and creating more frontage for retail.
Source: The Real Deal