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.
The site spans 2.03 acres and encompasses two parcels. The East Parcel falls under Hialeah’s TOD zoning overlay, permitting up to 125 units per acre and building heights ranging from 3 to 15 stories. The West Parcels are zoned for mixed-use projects, allowing up to 60 units per acre.
The duo will be based in the firm’s Miami office and specialize in industrial brokerage and advisory services.
The loan was provided by MetLife and provides for full-term interest-only and a 36 month term.
The leases total 14,201 square feet, or approximately 10% of the total rentable space.
Jake Zebede, Owner of Trustone Advisors, and Joseph Linder, Associate, played a pivotal role in the transaction, representing both Buyer and Seller.