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Buckle up! It is that time of year again in Miami. Starting November 29th and running through the first week of December, Miami Art Week attracts millions of visitors from across the globe to Miami’s sunny beach’s and luxurious enclaves for a celebration of art, design, fashion, style and culture.
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Alchemy-ABR Investment Partners, a fully integrated New York based real estate development and investment firm, have closed on a development site at 18 NW 23rd Street in Wynwood for $18 million. The property spans 36,079 SF and the acquisition represents Alchemy's first residential project in Florida. Israel Discount Bank provided financing for Alchemy-ABR Investment Partners to purchase the vacant lot.
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Black Salmon, a national commercial real estate investment and development firm based in Miami; Lineaire Group, a Miami-based real estate investment and development firm focused on urban infill projects; and Bridge Investment Group, a leading, national real estate investment and property management firm, have topped off Wynwood Haus at 20 stories.
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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 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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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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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, 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, 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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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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