Crescent Heights is developing the project, which will comprise 588 apartments in studio, one-, two-and three-bedroom layouts, as well as ground-floor retail space, including a 42,030-square-foot Whole Foods Market store.
The transaction represents the sixth that Ron Osborne has completed with this buyer.
Through a strategic partnership, Indigo Properties and Linkvest Capital plan to develop a vibrant mixed-use project comprising several free-standing retail parcels and a proposed storage facility.
The off-market transaction was an all-cash purchase.
In partnership with Society Wynwood developers PMG and Greybrook Realty Partners, Tricera and LNDMRK are forward-purchasing over 32,000 square feet of ground floor retail at the project.
CBRE arranged the 10,175-square-foot retail lease at The Gateway at Wynwood.
The transit-oriented landmark development comprising nearly 2.3 million square feet will revolutionize modern living in the heart of the city.
Built in 2004 on 1.41 acres, the property is an outparcel to Kendall Pointe, a shopping center with several national retailers including Aldi and PetSmart.
Lincoln Road also recently extended its partnership with Smorgasburg for another year. The open-air food market featuring dozens of local vendors takes place every Friday from 5:30-10:30 p.m. on Lincoln Road’s 1100 block and has become a local favorite hot spot.
The Newmark team was led by Jordan Roeschlaub and Dustin Stolly, Co-Presidents of Debt & Structured Finance, along with Executive Managing Directors Christopher Kramer and Nick Scribani, as well as Senior Managing Director Danny Matz from the Miami office.