Berkadia Secures $35M Loan To Begin Construction Of Phase 2 Of ‘Wyncatcher’ Project In Wynwood
Phase II will consist of 6,000 square feet of ground-floor retail space and 42,000 square feet of creative office space, slated for completion in Q2 2026.
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Phase II will consist of 6,000 square feet of ground-floor retail space and 42,000 square feet of creative office space, slated for completion in Q2 2026.
NAI Miami’s David Oxios, CCIM, Gabriel Garcia-Menocal, SIOR, and Lucia Custer, Executive Vice President represented the seller in the transaction.
While set to open in 2025, the building is already 25% pre-leased.
The development encompasses three contiguous properties that span 49,000 square feet.
The company currently has 16 locations in Canada signed last year to bring 20 locations to Washington state.
The Wynwood Norte district is bordered by I-95 to the west and North Miami Avenue to the east, and Northwest 29th Street to the south and I-195 to the north. Given its walkability to many art, cultural and entertainment and dining destinations along with its recent zoning overhaul, the neighborhood is poised for significant development.
The reduced rate is only applicable to rental periods commencing June 1, 2024.
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The joint venture is planning a significant project following a $48.5 million acquisition in the city’s waterfront Harbordale neighborhood.
Von Romer has been in real estate for 40 years.
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