New Mixed-Use Project In Wynwood Heads To Foreclosure
The foreclosure auction is set for July 2.
The foreclosure auction is set for July 2.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
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.
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 leases total 14,201 square feet, or approximately 10% of the total rentable space.
The executed deals include two lease renewals, one expansion, and seven new leases, all of which were for Miami Tower’s newly completed spec suites.
The 33-story bayfront tower is more than 90% occupied.
The landlords were represented by Juan Ruiz, Andres del Corral, Jack Davidson, Jessy Aguila, and Tere Blanca, of Blanca Commercial Real Estate in the lease transaction. Brent Woodruff, Matthew Goodman, and Tyler Wyant from CBRE represented the tenant.
Black Lion President Robert Rivani has plans to invest an additional $50 million to reimagine the property into ‘Class X’ – an innovative concept that aims to redefine luxury and service standards in the office industry.
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