Content Divider
Blog Home » General » Investing in Wynwood is a Win-Win

Investing in Wynwood is a Win-Win

Wynwood WIn WinMore Info

January 30, 2015 - This week saw two major retail development deals go down in Wynwood which could soon turn Miami’s arty “East Village” neighborhood from funky town to Trendsville. Yes, two young New York investment firms -- Yellow Side Ventures and East End Capital -- partnered to pay $11 million for the whole block on the west side of North Miami Avenue, between 24th and 25th Streets, plus a separate parcel on the corner of North Miami Avenue and 24th Street. Total: 70,000 square feet.

With lofty plans to develop a hotel, residences and retail spaces, this is the team’s third big acquisition in Wynwood. In May 2014, they bought a 20,911 square-foot warehouse at 2214 North Miami Avenue for $4.7 million; and last February, they paid $5.3 million for what was once Mega Shoes on NW 23rd Street, just west of North Miami Avenue.

“Wynwood has become a major thoroughfare for developers around the country to look at and invest,” Yellow Side’s Dan Arev told The Real Deal.

No kidding. The game of Monopoly continues two blocks south, now that Miami’s Urban Development Review Board’s recently approved New York developer Sonny Bazbaz’s mixed-use plans for 2110 North Miami Avenue. With Stantec architect Jonathan Cardello on board, Bazbaz envisions an L-shaped industrial-style condotel featuring 163 studio and one-bedroom apartments, 79 hotel rooms, 12,407 square feet of retail and parking for 315 cars.

Our advice: Get in now. Whether you're looking for retail space or a Miami condo for sale, let Streamline show you the town -- 305.532.7368.

- Cyn. ZarcoMore Info


Streamline Properties, Inc.
Real Estate Brokerage / Property Management
305.532.7368 Main 305.538.0917 Fax
1125 Washington Avenue , Miami Beach , FL 33139
info@stream-line.com
Back to TopMore Info
Terms / Privacy / Accessibility ADA