Fisher Brothers Secures $117.5 Million Refinancing from Bain Capital for Joule House, A New Mixed-Use Multifamily Community in Wynwood

Fisher Brothers, the fourth-generation real estate company known for creating design-forward, community-oriented destinations across the country, has secured a $117.5 million refinancing from Bain Capital for Joule House, Wynwood’s most design-forward residential community.

Rising eight stories at 2200 NW 1st Avenue, Joule House was named after the joule, the unit of measurement for energy, embodying the dynamic spirit of its location. The recently delivered residential property features 308 luxury residences, expansive indoor-outdoor amenities, and Calle Collective, an immersive arts and cultural destination blending retail, creativity, and community

“The successful refinancing of Joule House is a strong reflection of both the property’s performance since opening last summer and the market’s confidence in well-executed, design-driven residential communities in Wynwood,” said Winston Fisher, Partner at Fisher Brothers. “From day one, our vision was to create something that truly resonates with the neighborhood’s energy and culture, and it’s been rewarding to see that translate into strong leasing, retail momentum, and continued investor interest.”

“This transaction represents a unique opportunity to partner with a best-in-class owner-operator in Fisher Brothers as they continue their thoughtful stabilization of a premier asset in an attractive, high-growth market,” said Mark Gormley, a Managing Director at Bain Capital Credit. “We are proud to have been selected as their partner of choice on this transaction and look forward to supporting the continued development of Joule House as one of Miami’s most innovative and dynamic communities.”

"Miami's strong migration trends, driven by corporate relocation and job growth, have injected significant wealth into the region, reinforcing its multifamily market," said Keith Kurland, Senior Managing Director of Capital Markets and Co-Head of Institutional Advisory at Walker & Dunlop. "We were pleased to partner with Fisher Brothers and Bain Capital on Joule House, arranging a floating-rate, interest-only bridge loan that met our client's strategic objectives and delivered a creative, market-leading solution alongside best-in-class sponsorship."

In December, Fisher Brothers announced a new retail lease with Sunlife Organics at Calle Collective, a new art-infused cultural destination located within the vibrant retail base of Joule House. Renowned for its organic smoothies (including its famed ‘Billion Dollar Smoothie’), bowls and provisions, Sunlife Organics is anticipated to open in Q3 2026.

Open to the public, Calle Collective transforms over 26,000 square feet of everyday walls into a kaleidoscope of color and meaning. Curated in partnership with WXLLSPACE and designed as the neighborhood’s next cultural and social destination, Calle Collective showcases 19 large-scale murals by Miami-based artists, each a bold expression of style and personal inspiration redefining the convergence of art, commerce and community.

Joule House offers a desirable mix of studio, one-, and two-bedroom layouts, along with select two- and three-bedroom penthouses ranging from 985 to 1,400 square feet. Interiors by ID & Design International (IDDI) showcase neutral palettes, bold accents, and contemporary finishes that capture the essence of the neighborhood. Spanning 23,000 square feet, Rockwell Group has thoughtfully crafted a suite of indoor and outdoor amenities across three levels, seamlessly blending wellness, convenience, and entertainment. With leasing and property management by Bozzuto, exceptional attention to detail and genuine hospitality remain at the forefront.

Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Michael Diaz, Michael Ianno, Christopher de Raet, and Edward Leboyer of Walker & Dunlop Capital Markets Institutional Advisory represented Fisher Brothers in this transaction.

Calle Collective is open daily from 9 am to 6 pm and is free to the public.

Images via Joule House / Fisher Brothers

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Fisher Brothers Reveals Wynhouse Miami, Mixed-Use Multifamily Development in Wynwood

Fisher Brothers, a fourth-generation real estate company that owns, manages and operates unique spaces across the country, today announced the start of construction of Wynhouse Miami, a mixed-use multifamily development in the heart of Miami’s Wynwood neighborhood. Wynhouse Miami will rise eight stories and offer 308 rental residences, approximately 26,000 square feet of ground floor retail and paseo space and nearly 25,000 square feet of expansive indoor and outdoor amenities.

Located at 2200 NW First Avenue, this highly-amenitized development will transform the thriving Wynwood neighborhood with grand displays of public art across its facade and two public passageways, known as paseos, that will encourage pedestrians to engage with the building, community spaces and ground-floor retail. The project is being built by Suffolk Construction and substantial completion is anticipated for January 2025. $117.5 million in financing was jointly provided by JP Morgan Chase and affiliates of Canyon Partners. Additionally, the company selected Wynhouse Miami for its first-ever offering on CrowdStreet, the online real estate crowdfunding platform. This opportunity is still ongoing.

Wynhouse Miami is Fisher Brothers’ latest multifamily development within its House brand, a collection of highly-amenitized, design-forward properties purpose built to fit into the contextual fabric of the neighborhood in which it resides. Earlier projects completed as part of the House brand include House 39, which features 297 residences in the Murray Hill neighborhood of New York City and Station House, which offers 378 apartments in Washington DC.

“Wynwood is a thriving neighborhood buzzing with energy at any given moment,” said Winston Fisher, Partner at Fisher Brothers. “We are excited to unveil our latest project in Fisher Brothers’ House brand of design-forward residential communities that complement the existing culture and liveliness of the neighborhood with a project of such distinct, innovative character. It’s been a pleasure working with the design team to bring our eclectic vision for Wynhouse Miami to life.”

Designed by ID & Design International (IDDI), Wynhouse Miami’s residences range from 474 to 1,405 square feet and feature a mix of studio, one- and two-bedroom floorplans, along with select penthouse units. IDDI implemented neutral tones with bold, colorful accents within the units’ interiors to complement the artistic, diverse community of Wynwood.

“As a South Florida-based interior design firm specializing in hospitality and multifamily developments, we took a deep dive approach to the design of Wynhouse Miami based on our fundamental understanding of the specific demographics and characteristics of this unique market,” said Sherif Ayad, President and CEO of ID & Design International. “This intimate knowledge of the Miami lifestyle resulted in modern residences that reflect the one-of-a-kind, inspired vibe of Wynwood.”

Building architect Nichols Architects meticulously examined Wynwood’s existing culture and rich history while designing the project. Known for its captivating graffiti street art, the Wynwood neighborhood has evolved from an abandoned warehouse zone into a thriving district with hidden entrances, surprising corridors and a network of connected alleyways – elements that became the starting point for the design of Wynhouse Miami. Nichols Architects incorporated two paseos that will enhance the pedestrian experience and increase connectivity for the neighborhood by allowing residents and the public to flow through the ground-floor community spaces and enjoy the retail offerings.

“The project pays homage to the industrial, craft-oriented nature of the historic neighborhood,” said Andrew James, Principal of Nichols Architects. “At the same time, the contemporary identity of Wynwood is being reinforced by the paseos, which will enhance the pedestrian realm, and the application of art throughout the development, which integrates a special emphasis on how the art will be perceived from the street and surrounding area.”

Wynhouse Miami will feature thoughtfully-curated indoor and outdoor amenities designed by award-winning interdisciplinary architecture and design firm Rockwell Group to emulate the bustling arts and culture scene in Wynwood. Located on the lobby, second floor and roof, the building’s amenities are active spaces that will enhance the lifestyle of residents, acting as an extension of their homes. Upon entering the lobby level, residents will be greeted by an eclectic and artistic lounge. The second floor features a lawn area, fitness center, co-working lounge with meeting and individual conference rooms, entertainment lounge, creative lounge and expo kitchen, all of which are connected by a multi-story, indoor-outdoor courtyard that will be wrapped with planters and seating to create a peaceful sanctuary for residents. On the rooftop, residents will enjoy a pool, spa, outdoor entertainment space and barbeque area, boasting sweeping views of the exciting surrounding neighborhood and the nearby skyline of Downtown Miami.

"Wynwood is like a contemporary art museum turned inside out,” said David Rockwell, Founder and President of Rockwell Group. “We wanted to bring the energy and creativity of the streets into Wynhouse Miami, with a celebration of industrial materials that link the lounges, bars, and courtyards to the history of the area."

“Wynwood is one of the largest and most prominent creative communities in the United States that has undergone a transformation over the past few years. We are thrilled to welcome a new project to continue to shape the neighborhood’s next chapter that pays homage to its unique and distinct character,” said Manny Gonzalez, Executive Director of the Wynwood Business Improvement District.

National enterprise and builder Suffolk was chosen for its successful track record on complex and sophisticated projects and its reputation as a respected and successful general contractor in Florida. Known for its client service and diversification across sectors, Suffolk is an industry-leader in innovation and leveraging new technologies that elevate the construction process and contribute to more predictable outcomes.

“We are excited about our collaboration with Fisher Brothers and our partners as we transform the vision of this project into reality,” said Jay Fayette, President of Suffolk East Coast Florida. “Our team is thrilled to implement Suffolk’s unique approach to construction and sophisticated technologies to help deliver a seamless and predictable project for our client and a mixed-use building that will make the community proud.”

Fisher Brothers has a longstanding commitment to delivering innovative, thoughtful developments that celebrate and enhance the community’s character. Wynhouse Miami represents this tradition and is reflective of the firm’s active expansion to key markets throughout the U.S. Recently, the firm announced that the AREA15 district in Las Vegas, home to immersive retail and entertainment, will expand by 20 acres, anchored by a year-round, horror themed attraction from Universal Parks and Resorts.

Renderings via Fisher Brothers

The New York-Based Fisher Brothers Acquire Wynwood Development Site For $17.59 Million

The New York City-based real estate development and investment firm Fisher Brothers has acquired a Wynwood development site for $17.59 million. The property is a 1.5 acre assemblage including the former Miami Rescue Mission located at 2201-2159 NW 1st Ct. and 2200-2250 NW 1st Ave. There are four existing industrial buildings which span 43,440 SF. The seller was a partnership between RedSky Capital and JZ Capital Partners, who acquired the assemblage in 2016 for $22 million.

The RedSky Capital and JZ Capital partnership has been unloading their Wynwood portfolio including the sale of Wynwood Block for $24 million. RedSky Capital also recently sold Cube Wynwd to a development partnership between Tricera Capital and LNDMRK Development.

Fisher Brothers was founded in 1915 by Martin Fisher and was later joined by brothers Larry and Zachary Fisher. Today Fisher Brothers is led by Arnold, Kenneth, Steven and Winston Fisher. Fisher Brothers is a diversified, real estate firm active nationally and recently developed 111 Murray, a 60 story luxury condominium located in the heart of Tribeca; House39, a 372-unit luxury rental tower in Manhattan’s Murray Hill neighborhood; and Station House, a 378-unit luxury rental apartment project in Washington.