'Wynwood Haus' Locks Down $56 Million Refinancing of Multifamily Apartment Tower Overseen By Berkadia

Berkadia, a distinguished leader in the commercial real estate sector, announces it arranged a $56 million loan to recapitalize Wynwood Haus, a newly built 224-unit multifamily community with ground-floor retail located at the entrance to Miami’s Wynwood neighborhood.

Managing Directors Brad Williamson and Scott Wadler of Berkadia Miami and Senior Managing Directors Chris Ellis of Berkadia Denver and Mitch Sinberg of Berkadia Boca Raton, along with Managing Director Matt Robbins, Vice President Abigail Beauchamp and Director Jared Hill, arranged the financing on behalf of the joint venture sponsors, Miami-based real estate investment, development and design firm LD&D (in a joint venture with IGEQ), national real estate firm Black Salmon, and Salt Lake City-based Bridge Investment Group.

Fannie Mae provided the seven-year, fixed-rate loan with full-term interest-only. The property was 94% occupied. The deal closed on July 21.

Completed in 2024 at 1765 N. Miami Avenue, Wynwood Haus is a 20-story property located at the entrance of Wynwood and offers studios, one- and two bedroom-units, along with 6,824 square feet of ground floor retail. One hundred of the apartments are workforce housing for families earning 100 to 140% of area median income (AMI). Modern details and finishes include floor-to-ceiling windows, oversized balconies, full-size in-unit washer and dryer, wireless-controlled smart thermostat, 10-foot ceilings, walk-in closets in most units, a rain shower, and secure keyless entry. Community amenities include a pool and sun deck with bay views, a fitness center and outdoor terrace, a co-working area and conference room, library, resident lounge, pet grooming station, electric car charging stations, a smart locker package room and cold storage.

The property is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station, offering convenient access to downtown Miami, Brickell and Miami Beach, and other areas via the Metrorail and Brightline regional commuter train.

Mixed-Use Multifamily Development Wynwood Haus Launches Pre-Leasing In Wynwood

Wynwood Haus, a new mixed-used, multifamily development designed to encourage living, working, wellness and community in one central locale, has launched pre-leasing for its 224 luxury apartment homes and prepares to welcome its first residents by year's end. Leasing is overseen by Metro1. Developed by Black Salmon and LD&D, in partnership with Bridge Investment Group, Wynwood Haus was created to satisfy the demand of today’s progressive renters, from young professionals to entrepreneurs and starter families, who are drawn to innovation and aspire to enhance their quality of life.

Set at 23 NE 17th St., the property presents studios, one- and two-bedroom floor plans, ranging from 394 to 945 square feet, as well as 5,500 square feet of ground-floor retail. From sweeping views, contemporary design and ample green space to wellness-centric offerings and an impressive rooftop amenity and pool deck with incomparable city and bay vistas, the building sets a superior standard of urban sophistication.

Designed by acclaimed architecture firm Corwil Architects, with interiors by LD&D’s design division, Wynwood Haus allures with dynamic and desirable offerings. It will present the perfect balance of a coveted address, surrounding convenience, and serene ambiance, set among parks and lush landscape curated by world-renowned designer Enzo Enea.

Residences rival those of luxury high-rises and are adorned with intricate wood paneling, concrete accents, and luxe lighting throughout to elevate the modern aesthetic. Floor-to-ceiling windows ensure natural light from every angle, while balconies open to picturesque cityscape panoramas. Additional features and finishes include full-size, high-efficiency in-unit washer and dryer, wireless-controlled smart thermostat in select units, 10-foot ceilings, walk-in closets in most residences, a rain shower, and secure keyless entry. With leasing and property management by Bozzuto, meticulous attention, warm hospitality and a strong sense of community will be unwavering priorities.

“We are thrilled to introduce this stand-out building to Wynwood and the city skyline,” said Camilo Lopez, Managing Partner and Co-CEO of Black Salmon. “The project’s central location, modern residences, and stunning views from both the rooftop amenity deck and units fulfill the urban dweller's dream of harmonizing city life with tranquility, while contributing to the vibrant tapestry of its surrounding community.”

“Our vision for Wynwood Haus was to rise above competition by offering a modern and effortless living experience, one with thoughtfully designed spaces that are not only beautiful but that also nurture collaboration and camaraderie among residents,” added Diego Bonet, Managing Partner of LD&D.

A community-centric vibe presents spaces built to connect with others, with thoughtful programming to satisfy every passion and pursuit. Offering a fusion of activity and relaxation, Wynwood Haus' carefully curated amenities were cultivated to encourage inspiration, interaction, and introspection.

The pinnacle of offerings is set within the rooftop amenity and pool deck with an indoor/outdoor lounge and club room for socialization and entertainment. Those looking to unwind can visit the yoga room for a session, with a sauna and steam room. Health enthusiasts can also work up their heart rate in the state-of-the-art, 2,500-square-foot fitness center, then cool down by the pool and get their share of vitamin D at the sundrenched deck, complete with bay views, a sky garden, and a barbeque area with outdoor dining. Private workspaces provide a corner for focus, while a conference room and co-working area invite function, collaboration, and exploration for the contemporary work life.

A lobby lounge with ample seating and a coffee bar welcome residents with warm hospitality and a striking mural by artist Ana Gutierrez. The ground floor also features a library, pet washing and grooming station, electric car charging stations, a smart locker package room and cold storage, as well as dynamic retail offerings.

Wynwood Haus’ location affords walkability to the conveniences of everyday life. The property complements the neighborhood’s renaissance as one of the city’s thriving destinations, with new offices, tech-centric businesses, and expanding retail, dining, and bustling art scenes, creating a true live-work-play lifestyle. It is also just minutes from major thoroughfares and the Design District, Midtown Miami and Downtown. To further enhance connectivity throughout the city, the project is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station.

Renderings via Wynwood Haus

Black Salmon, Lineaire Group and Bridge Investment Group Top Off Wynwood Haus

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.

The construction milestone for the 224-unit multifamily project, located at 1765 N. Miami Ave., was marked by a celebratory event held onsite on August 12, 2022. In attendance were the development partnership and Wynwood Haus’ general contractor, Beauchamp Construction Company, as well as the Omni Community Redevelopment Agency (CRA).

"The topping off of Wynwood Haus is a significant achievement for our team and another positive step forward for the neighborhood of Wynwood, which is currently undergoing a renaissance as one of the city’s thriving areas,” said Camilo Lopez, managing partner and Co-CEO of Black Salmon. “We are grateful to our construction partners and look forward to the completion of a building that truly encapsulates the best of Wynwood.”

Designed by acclaimed architecture firm Corwil Architects, Wynwood Haus is situated at the entrance of Wynwood, Miami’s creative and cultural neighborhood. It will present the perfect balance between Miami’s fast-paced ambiance and a serene environment, with landscape curated by world renowned designer Enzo Enea. The project will complement the area’s new offices and tech-centric businesses, and expanding retail, dining and bustling art scenes, creating a central live-work-play lifestyle in proximity to Downtown, Miami Beach, and the Design District.

“Demand for multifamily is on the rise, particularly in Miami, which remains the most popular migration destination in the U.S.,” said Lineaire Group Partner Diego Bonet. “We are confident that Wynwood Haus will appeal to those seeking a sense of community – co-working spaces and connectivity to local businesses and transit within a curated, modern environment – all within one of Miami’s trendiest communities.”

“Wynwood Haus is an exceptional project which will serve as one of the main catalysts to growth in the area, the topping off marks an exciting achievement and we look forward to when the project opens next year,” said Bridge Investment Group’s CIO David Coelho.

The apartment’s floor plans will feature studios, one and two bedrooms ranging from 394 to 945 square feet. Modern details and finishes include floor-to-ceiling windows, oversized balconies, full-size in-unit washer and dryer, wireless-controlled smart thermostat, 10-foot ceilings, walk-in closets in most units, a rain shower, and secure keyless entry.

Interiors by Lineaire Designs will introduce intricate wood paneling and concrete accents throughout to elevate the modern aesthetic. For the urban dweller, living will be effortless with amenities that include a pool and sun deck with bay views, a fitness center and outdoor terrace. Private workspaces, a conference room and co-working area invite function for the contemporary work life. The ground floor will also feature a library, resident lounge, pet grooming, electric car charging stations, a smart locker package room and cold storage, as well as 5,500 square feet of retail space.

The project is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station. This furthers the economic growth of the area by increasing access to jobs and connectivity.

Wynwood Haus is scheduled for completion in Summer 2023.

Redevelopment Of Hollywood's Bread Building Site Secures $83 million Construction Loan

In partnership with Bridge Investment Group, Fort Lauderdale-based BTI Partners has secured an $83 million construction loan for a development in downtown Hollywood. The site was home to the long-neglected Hollywood Bread Building on Young Circle. The building was demolished last year. Canadian Imperial Bank of Commerce is the lender. Cushman & Wakefield Equity, Debt & Structured Finance team brokered the transaction, which closed on Friday, Aug. 19th.

BTI Partners and equity partner Bridge will build 362 market-rate apartments and about 16,000 square feet of retail space on Young Circle. Located at 1727-1745 Van Buren St.,1700-1716 Harrison St., and 1740-1760 S. Young Circle, the redevelopment of the site is an important step in the revitalization of the west end of Downtown Hollywood anchored by the 10-acre ArtsPark at Young Circle.

“The new Hollywood Bread Building development will continue to inject new life into Downtown Hollywood and is an important milestone to the future redevelopment of a new and revitalized Young Circle,” said Noah Breakstone, CEO of BTI Partners. “Overlooking ArtsPark, easy access to amazing beaches, and close proximity to South Florida’s largest employment hubs, the new mixed-use development will be a tremendous asset for the city and residents looking to live, work and play in Hollywood’s east urban core.”

BTI Partners, a leading developer of master-planned communities and residential properties across Florida, and Bridge Investment Group, a real estate investment manager headquartered in Salt Lake City, Utah, with over $42 billion in assets under management throughout the country, acquired the site for $11 million in June 2021.

“Bridge is excited to bring a development of this quality to Young Circle for Hollywood residents to enjoy,” said David Coelho, Chief Investment Officer of Bridge Development and Opportunity Zones. “We are grateful for all of the support we received from residents, community leaders, and elected officials. We look forward to continuing construction and turning our vision into reality.”

This project is part of BTI Partners’ and Bridge’s larger effort to continue to revitalize Downtown Hollywood. BTI Partners is also in the planning and approval stages of a second project to replace a rundown strip mall a few steps away from the Bread Building with twin modern towers on the east side of Young Circle. The second project will include residential living, shops, restaurants, office space and a skywalk connecting the two towers. Both projects together will represent a direct investment of over $500 million in Hollywood's Young Circle neighborhood.

Cushman & Wakefield Equity, Debt & Structured Finance team, including Steve Kohn, Chris Lentz and Chris Moyer, played a key role in identifying CIBC as the ideal capital source.

“We are pleased to have been involved in the financing of this game-changing development, which will help meet the demand for more housing opportunities in Hollywood as its strategic location continues to attract residents and businesses to the city,” said Kohn, whose team advised BTI Partners on arranging the joint venture with Bridge as well as on securing the construction loan.

Attorneys Luis Flores, Michael Denberg and Sophia Rub of Saul Ewing Arnstein & Lehr represented the developer in closing the transaction.

"We are proud to be part of a development team that is focused on bringing new life to downtown Hollywood, which has so much to offer," said Denberg, Managing Partner of Saul Ewing’s Fort Lauderdale office. "The new Hollywood Bread Building will bring pedestrian activity to the ArtsPark and to the many businesses on Young Circle eager to grow and thrive. This is the perfect urban location to create a highly-desired live, work, play and enjoy environment."