Foreclosed Wynwood Site Sells For $26M
The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.
The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.
VSRE has also been contracted to develop apartment buildings, retail, and offices.
The residential community will cater to residents earning up to 60% of the area’s median income.
The Miami-based developer is building the five-story project on a 2.1-acre property at 13800 NW 22nd Ave.
With Togal.AI’s award-winning technology, Coastal Construction teams cut nearly 14,000 hours of work, saving close to $1 million in their first year using it.
The development property consists of office, multifamily and retail elements.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
The assembly – consisting of three parcels located at 1120, 1130 and 1136 SW 3rd Avenue in Miami – were purchased for a total acquisition price of $8,500,000.
The 17,500-square-foot site will be developed into a high-end boutique condominium.
The property is entitled for the development of 301 residential units, 244,000 square feet of office, and just over 7,000 square feet of retail.
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