The site where Wynwood Central, an 8-story retail, residential and office project was planned has been sold, and the project could be cancelled.
New York’s East End Capital paid $23.5 million for the property – a new record for the area, and they are said to be either reworking the project or waiting for rezoning, according to a report.
In December 2013, a pair of developers unveiled plans for the large mixed-use building in Miami’s evolving Wynwood area.
Marc Kovens and Shawn Chemtov announced details of their proposed Wynwood Central project, which was also slated to have more than 400 parking spaces, an open-air courtyard and rooftop pool and bar.
Concrete Beach Brewery recently began operations on the property and will likely be incorporated into any new project.
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