Despite fluctuations, cryptocurrency is leaving its mark on the real estate industry. Diesel Wynwood Condominium has seen an influx of interest from crypto buyers since partnering with FTX US in May. To date, the team has done more than $5 million in crypto transactions. Diesel Wynwood partnered with FTX to serve as a provider for handling digital currency conversions for the project's residential sales deposits and transactions.
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Supercar Rooms Hosts Miami GP Week For The Big Race In Miami During Formula 1
Supercar Rooms Miami is the world’s first members-only Auto Art Gallery and Curators of Automotive Interactive Experiences. Located in the heart of Miami’s Wynwood Arts and Entertainment District, founded and created by 'Elo,' the British-born automotive visionary. Supercar Rooms Miami houses one-of-a-kind creations such as the 1929 Rolls Royce Bootch.
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Related Group And Tricap Launch NoMad Residences Wynwood With A Casa Tua Cucina
A joint-venture between Related Group, Tricap, led by David Edelstein, and Alex Karakhanian’s LNDMRK Development have launched sales of NoMad Residences Wynwood which will feature a ground floor Casa Tua Cucina. The NoMad Bar on the rooftop which will be overseen by James Beard Award Winner Leo Robitschek.
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KUSH Building In Wynwood Sells For $2.6 Million
2003 N Miami Ave., a mixed-use property which is home to longtime Wynwood staple restaurant KUSH, has sold for $2.6 million. The transaction closed on March 25. Matt Kuscher, owner of Kush Property LLC, purchased the property from Michael Lilov. Both sides of transaction were overseen by Devlin Marinoff, Tony Arellano P.A. and David Richman of DWNTWN Realty Advisors.
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Forte Capital Management Flips Wynwood Industrial Property For $11.2 Million In Off-Market Transaction
Forte Capital, led by Chaim Cahane, and Sheridan Capital have flipped 2830 NW Fifth Ave. in Wynwood for $11.2 million just months after acquiring the industrial property for $6.35 million in December 2021 from Alex Karakhanian’s LNDMRK Development. The off-market cash transaction was brokered by Jordan Karp.
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Neocis Establishes New 38K SF Headquarters At 545wyn in Miami's Wynwood Arts District
Neocis, the leader and pioneer in robot-assisted dental implant surgery, has signed a new lease for 38,000 SF of Class A office space at 545wyn in the Wynwood Arts District. The move is scheduled for October 2022 following Neocis’ exponential sales and employee growth since securing FDA market clearance for its Yomi® Robot-Assisted Dental Surgery System in 2016.
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Inside 'The Rise of Luxury In The Digital Age' Presented By Time & Tonic, PROFILEmiami & Kobi Karp
On Thursday March 3, Time & Tonic, PROFILEmiami & Kobi Karp hosted ‘The Rise of Luxury In The Digital Age’ panel discussion and cocktail party. Guests thoroughly enjoyed an enriching discussion which explored the rising demand and value in the luxury marketplace including collectors watches, cars, real estate, art, NFT’s, etc.
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Morabito Properties Launches Leasing At Adaptive Reuse Wynwood Office Development Wyncatcher
As Wynwood continues its rise into one of Miami’s most desirable office submarkets, Morabito Properties is launching leasing at Wyncatcher, their adaptive reuse project converting an industrial building into a mixed use office development. JLL and Metro1 will lead leasing at the two story, 47,852 SF building situated at 2413 NW 1st Ave. in Wynwood.
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Wynwood Annex Sells For $49 Million To New-To-Miami-Market San Francisco-Based Buyer
Wynwood Annex has sold for $49 million to a new-to-market San Francisco-based buyer Brick & Timber Collective. The transaction was overseen by DWTNWN Realty Advisors who represented both the buyer and the seller. The milestone transaction underscores a paradigm shift in rates and market fundamentals and sets a new bar for the Miami office market
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Core Wynwood Development Site Sells For $11.5 Million
UOVO Storage Deluxe has acquired a core Wynwood development site at 330 NW 29th Street for $11.5 million from Red Group Estate. The buyer was represented by Jordan Karp and the seller was represented by Tony Arellano of DWNTWN Realty Advisors. 330 NW 29th Street is currently two fully occupied buildings leased as creative office space spanning 10,939 SF.
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