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Wynwood Plaza Development Set After $50 Million Sale Of Former Rubell Art Museum Site

A multimillion-dollar property deal sets the stage for transformation of an abandoned corner in Wynwood Norte to begin next spring.

Carpe Real Estate Partners and L&L Holding Company, both New York-based development firms, acquired three acres at the northeast corner of Northwest First Avenue and Northwest 29th Street on Tuesday for about $50 million, said Carpe Real Estate co-founder and managing partner Erik Rutter.

Designed by architectural firm Gensler, Wynwood Plaza would bring 12- and 8-story buildings with 509 apartments to the neighborhood, 266,000 square feet of offices, 32,000 square feet of commercial-retail uses, and parking for about 668 vehicles. Cnstruction is expected to begin in April with a completion date sometime in late 2023


Source:  Miami Herald

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