Manjay Expands Footprint To Wynwood As Modern Caribbean Eatery Opens Second Location
The Miami-born casual, modern Caribbean restaurant Manjay has opened its brand new brick-and-mortar location in Wynwood. The original Manjay first opened as an eatery inside the popular Little River food hall the Citadel in 2019. Manjay founder Christian Dominique and his team aim is to inject the Wynwood food scene with a jolt of delicious Caribbean cuisine.
The Miami-born casual, modern Caribbean restaurant Manjay has opened its brand new brick-and-mortar location in Wynwood. Laid back yet elevated, the original Manjay first opened as an eatery inside the popular Little River food hall the Citadel in 2019. Manjay founder Christian Dominique and his team aim is to inject the ever-evolving Wynwood food scene with a jolt of delicious Caribbean fine-casual cuisine. The new brick-and-mortar location is located at 2618 NW 5th Avenue, Miami, FL 33127, with a 980 square-foot indoor dining area and wrap-around outdoor patio seating. Manjay Wynwood is also adjacent to an activated outdoor deck where guests can expect live music and monthly events.
Guests of Manjay Wynwood can expect to find a refreshed menu at the new location that still retains the most-loved menu items from the eatery’s Citadel outpost. Many of Manjay’s new offerings were inspired by dishes that chef-owner Christian Dominique and his wife, Sabrina enjoy preparing together at home. Manay’s menu includes favorites like the BIG UP BOWLS, Caribbean bowls served with banana Payzay and Manjay pikliz; Mofongo My Way, served with crushed sweet plantains, garlic and Creole sauce; their famous Caribbean Conch Fritters, served with Manjay pikliz and honey mustard remoulade; savory Jerk Chicken wing; home-made Plantain Fries and more.
In addition to the brick-and-mortar locations, Manjay launched its highly anticipated food truck in October 2021. Diners can find the food truck stationed at 609 Brickell Avenue, Miami, FL 33131.
“One thing we try to do is put passion and integrity into every meal we serve and each step we take as a business,” says Dominique. “Manjay is really a combination of our general love of modern cuisine and of the authentic Caribbean flavors we grew up eating. Nothing compares to the flavors of home.”
Dominique grew up immersed in hospitality in his native Haiti, where his maternal grandfather owned two hotels and two restaurants. Dominique’s hospitality background, as well as his and his wife Sabrina’s love for cooking, sparked the idea to create Manjay. Passionate about food, fun and people, the two conceptualized Manjay, which means “food” in Haitian Creole. The mission behind Manjay is to redefine and re-introduce authentic Caribbean cuisine in a modern style while staying true to its comforting soul-food vibe.
Related Group And W5 Group Break Ground On Quarters Wynwood Co-Living Development
The Related Group and W5 Group have broken ground on Quarters Wynwood, a new co-living development coming to Miami’s hot Wynwood neighborhood, after the developers locked down a $29 million construction loan. The building will feature shared living spaces and residents will rent bedrooms in shared apartments.
The Related Group and W5 Group have broken ground on Quarters Wynwood, a new co-living development coming to Miami’s hot Wynwood neighborhood, after the developers locked down a $29 million construction loan. The building, which will be located at 33 NW 28th St., will feature shared living spaces and residents will rent bedrooms in shared apartments. The financing was provided by the Chicago-based MP Real Estate Capital and the property will be managed by Quarters, a Berlin-based co-living operator.
Quarters Wynwood is designed by Arquitectonica and will feature 63 apartments with 217 full furnished co-living bedrooms. Amenities will include a rooftop pool deck, fitness center, co-working spaces. The project will also bring 3,852 square feet of ground floor retail.
OpenStore, The Platform Where Entrepreneurs Can Sell Their Shopify Businesses, Leases Office Space In The Gateway at Wynwood
As tech companies continue to rapidly expand and enter the Miami market, OpenStore has moved into its new office space in Wynwood. Founded by Keith Rabois of Founders Fund, Jack Abraham of Atomic, and Michael Rubenstein of AppNexus, OpenStore is a platform that allows entrepreneurs with Shopify businesses to sell their companies.
As tech companies continue to rapidly expand and enter the Miami market, OpenStore has moved into its new office space in the Kobi Karp-designed The Gateway at Wynwood. Founded by Keith Rabois of Founders Fund, Jack Abraham of Atomic, and Michael Rubenstein, the former President of AppNexus, OpenStore is a platform that allows entrepreneurs with Shopify businesses to sell their companies and receive liquidity for what they’ve built. The tech company now occupies 14,914 square feet at The Gateway at Wynwood, located at the intersection of the iconic Wynwood and Midtown Miami neighborhoods. It is the first tenant to move into the recently completed building.
R&B Realty Group, the developer behind The Gateway at Wynwood, was represented by Colliers’ Executive Managing Director Stephen Rutchik, Managing Director Tom Farmer and Director Tyler de la Pena. OpenStore was represented by JLL’s Adam Bernstein and Jeffrey Gordon.
“We are very excited to welcome OpenStore to The Gateway at Wynwood,” said Shelby Rosenberg, R&B Realty’s Head of Development and Acquisitions, Asset and Property Manager, US Portfolio. “OpenStore is a fantastic fit for our spec suite program, offering the tech company flexibility as it continues to scale up and grow. We are continuing to see strong leasing activity and continued interest from a variety of sectors. We expect to have more exciting news to announce soon.”
OpenStore connects merchants and customers into a single unified shopping experience through access to data, information, and capital. The company announced in July that it raised $30 million in Series A funding, with a valuation of $250 million. OpenStore’s goal is to offer instant liquidity for eCommerce entrepreneurs.
OpenStore’s founders, Keith Rabois and Jack Abraham, helped fuel the rise of Miami’s tech scene when they were among the first high-profile executives to announce their move to Miami. The Miami tech movement, which was sparked by City of Miami Mayor Francis Suarez’s now infamous tweet - “How can I help?” - has transformed the city’s office market. Companies and executives in search of a better quality of life, lower taxes and great weather have descended upon Miami, now dubbed the “Silicon Valley of the South.”
R&B Realty devoted the entire 10th floor of The Gateway at Wynwood to fully built-out and ready for move-in office space, dubbed ‘spec suites.’ Designed by Gensler, the spec suites take the stress out of the office leasing and build-out process, providing companies flexibility in their space, and the ability to move in almost immediately upon completion of the building. OpenStore’s lease occupies the remainder of the spec suites available on the 10th floor. Due to its success, the spec suites program has been expanded to the 9th floor. The move-in ready suites, starting at 2,000 square feet, can be combined to form bigger units as well.
The Gateway at Wynwood offers about 195,000 square feet of leasable Class A office space and nearly 25,900 square feet of prime street-level retail space. Designed by renowned architect Kobi Karp, the environmentally responsible building features flexible floorplans, a private rooftop terrace, gym, unique bay window system, 24/7 on-site security, vibrant exterior cladding, and 2:1,000 on-site covered parking. This summer, R&B Realty Group announced the building's first office lease with biotech company Veru Inc. The eight-year, 12,155-square-foot lease will serve as the company's global headquarters and triple Veru's current office space
Forte Capital and Sheridan Capital Partnership Acquires Wynwood Commercial Property For $6.35 Million
Forte Capital, led by Chaim Cahane, and Sheridan Capital have acquired 2830 NW Fifth Ave. in Wynwood from Alex Karakhanian’s LNDMRK Development for $6.35 million. The buyers plan to reposition the existing 14,000-square-foot building at 2830 NW Fifth Ave. into creative offices.
Forte Capital, led by Chaim Cahane, and Sheridan Capital have acquired 2830 NW Fifth Ave. in Wynwood from Alex Karakhanian’s LNDMRK Development for $6.35 million. The buyers plan to reposition the existing 14,000-square-foot building at 2830 NW Fifth Ave. into creative offices. DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff represented both the seller and buyer in the transaction which closed on December 16.
“This property is perfectly positioned within Wynwood’s core pedestrian district and at the intersection of the neighborhood’s high-density main access corridor,” Arellano said. “We successfully marketed the building as an unparalleled adaptive re-use opportunity. The buyers will do a tremendous job executing that plan.”
The property features private gated parking, high ceilings and quick access to highways. It is walking distance to some of Wynwood’s most notable projects and landmarks, including 545wyn, the Wynwood Building, Love Life Café, Morgan’s and the Wynwood Garage.
“Wynwood is the talk of the nation, given the substantial technology and finance migration to the neighborhood,” Marinoff said. “This building will cater to the demand for cool and creative office space in Wynwood. As we head into 2022, there is still incredible demand from the investment world for acquisition and development opportunities here.”
Micah Johnson Debut's Aku World For Miami Art Week As Digital NFT Astronaut Enters Physical World In Partnership With FTX US
Aku, the digital explorer and crypto-native NFT IP created by artist and former MLB player Micah Johnson, will come to life for the first time since its inception with Aku World: Miami presented by FTX US from December 2-4, 2021 in the vibrant Wynwood Arts District.
Aku, the digital explorer and crypto-native NFT IP created by artist and former MLB player Micah Johnson, will come to life for the first time since its inception with Aku World: Miami presented by FTX US from December 2-4, 2021 in the vibrant Wynwood Arts District. Aku World: Miami will be Aku's first introduction to the physical world, bringing friends and collaborators across art, music, fashion and technology together in one space. The visually-stunning, multilayered event will showcase the otherworldly dimension of Aku and allow guests to step out of reality and into the metaverse through carefully curated exhibits that blur the lines between NFT technology and IRL experiences.
“Aku World is a world built around dreams. It was imperative to incorporate talented artists and designers who have achieved their dreams into the world and it’s our mission to inspire everyone who walks through the door,” said Micah Johnson, creator of Aku. Through a partnership with leading cryptocurrency exchange FTX US, attendees will be able to sign up for their own crypto wallet, collect NFTs throughout the space via hidden QR codes, and purchase digital artworks by legendary 3D artist, Raf Grassetti, as well as unique Aku digital works. Top-tier ticket holders will have exclusive access to the Minting Room presented by FTX US, where they can create their own 4D-scanned avatar that lives within the Aku universe and mint them into NFTs, which they can later trade, sell or display in their digital wallets.
Attendees can shop on-site via the Merch Room, which will host three days of exclusive merch collaborations with VIP guest collaborators Pusha-T, Jerome LaMaar and Aleali May, with each day dedicated to a single limited time, limited edition collection, available for pre-order at the event and online.
Aku’s Collection, curated by Art Angels, will tell more of Aku’s story through an art installation for guests to explore and interact with. A special curation of young Black artists including Jade Yasmeen, Asiko, Floyd Strickland, and Solomon Omogboye will be exhibited alongside two new original paintings by Micah Johnson, as well as three screen prints by Jean-Michel Basquiat. Guests will have the opportunity to view and purchase original artworks on-site.
Conceptualized by renowned creative and experiential studio MATTE Projects, the 30,000 square foot space will house a futuristic lifesize art installation of Aku’s Helmet, where guests can experience three otherworldly dimensions of Aku. The Blue Room will host exciting, informal panel conversations led by leaders in art, fashion, music and crypto, and The Patio will provide food and beverages for guests. Aku World: Miami will also host an invite-only VIP opening party on December 2nd with an intimate live musical performance by Kehlani.
Conceived by Micah Johnson in February 2021, Aku has since become the first NFT to be optioned for film and television projects and is the first NFT to travel to space. Aku is a conduit to empower the next generation of explorers and dreamers.
Aku World: Miami will be held at Wynwood Arts 29 (95 NW 29th St, Miami, FL 33127). The ticketed event will be open to the public on December 2-4 from 12pm-7pm daily. Tickets are on-sale now. Visit aku.world for more information.
Follow Aku on Instagram @aku.dreams, Twitter @AkuDreams and Discord.
Meet Aku:
Digital explorer conceptualized by Micah Johnson in February 2021
Created to empower the next generation of explorers and dreamers
First NFT to be optioned for film and TV projects & to travel to space
Explore the Dimensions of Aku World:
Aku’s Helmet: A futuristic lifesize installation of Aku’s Helmet will invite guests to experience and interact with multiple different worlds of Aku
Curated Exhibitions: by young Black artists Jade Yasmeen, Asiko, Floyd Strickland, and Solomon Omogboye, alongside two original paintings by Micah Johnson, and screen prints by Jean-Michel Basquiat
The Merch Room: will host exclusive merch collaborations with VIP guest collaborators Pusha-T, Jerome LaMaar, and Aleali May. Each day will be dedicated to a single limited time, limited edition collection, available for pre-order at the event and online
The Blue Room: will host exciting, informal panel discussions with leaders in art, fashion, music & crypto; including: special sit downs between Micah Johnson and Aku's merch design collaborators Pusha-T, Aleali May and Jerome LaMaar
The Minting Room: visitors can create their own 4D-scanned avatar that lives within the Aku universe and mint them into NFTs, which they can later trade, sell or display in their digital wallets
Crypto Wallet: visitors can sign up for their own crypto wallet, collect NFTs and purchase digital artworks by legendary 3D artist, Raf Grassetti and unique Aku digital works
Event Information:
WHAT: Aku World: Miami
WHO: Micah Johnson in collaboration with FTX US
WHEN: December 2-4, 2021 | 12PM-7PM
WHERE: Wynwood Arts 29, 95 NW 29th St, Miami, FL 33127
TICKETS: https://aku.world/ (OPEN TO THE PUBLIC)
R&B Realty Group's Kobi Karp-Designed The Gateway at Wynwood Nears Completion Revealing Vibrant Mural
The Gateway at Wynwood, a Class A office building developed by R&B Realty Group and designed by renowned Miami architect Kobi Karp, is nearing completion. The long-awaited exterior garage cladding, which depicts a vibrant mural, has been fully installed just in time for Art Basel next month.
The Gateway at Wynwood, a Class A office building developed by R&B Realty Group and designed by renowned Miami architect Kobi Karp, is nearing completion. The long-awaited exterior garage cladding, which depicts a vibrant mural, has been fully installed just in time for Art Basel next month. Additionally, the rooftop deck has been completed and signage is going up around the building. Located at the intersection of Wynwood and Midtown, the office building, which found inspiration in Wynwood’s innovative spirit and modern vibe, will allow Wynwood's new residents to walk to their offices and shops without having to get in their cars. Wynwood, which used to be home to neglected warehouses, is seeing a construction boom of condos and apartments and, now, office buildings as well.
The Gateway at Wynwood will offer about 195,000 SF of leasable Class A office space and nearly 25,900 SF of prime street-level retail space. Kobi Karp designed the environmentally responsible building with flexible floorplans, a private rooftop terrace, gym, unique bay window system, 24/7 on-site security, vibrant exterior cladding, and 2:1,000 on-site covered parking. This summer, R&B Realty Group announced the building's first office lease signed with biotech company Veru Inc. The eight-year, 12,155-square-foot lease will serve as the company's global headquarters and triple Veru's current office space.
Wynwood has developed into a new office submarket in Miami, creating competition for more established office markets such as Downtown Miami, Brickell, Aventura and Coral Gables. Several big-name companies have made Wynwood their home, such as Spotify, Live Nation, Veru and Founders Fund. New zoning has also attracted many multifamily developers such as Related Group, Lennar, Fisher Brothers, and AMLI Residential, who recently broke ground on one of the largest mixed-use multifamily developments to ever break ground in Wynwood.
International Fashion Brand Diesel And Bel Invest Launch Diesel Wynwood Luxury Condo
Fashion is meeting real estate as Miami is getting another branded condominium development and the first one coming to Miami’s trendy Wynwood Arts District. Sales have officially launched at Diesel Wynwood, a luxury residential development comprised of 159 residences, designed “only for the brave.”
Fashion is meeting real estate as Miami is getting another branded condominium development and the first one coming to Miami’s trendy Wynwood Arts District. Sales have officially launched at Diesel Wynwood, a luxury residential development comprised of 159 residences, designed “only for the brave.” Bel Invest, an international real estate investment and development firm with prominent projects in Italy, Spain, Germany, and the United States, has partnered with global Italian fashion and lifestyle brand Diesel to develop the luxury condominium project.
Diesel Wynwood will be the first ever luxury residential development for Diesel, which is poised to be an iconic project that will usher in a new way of living to Miami. Diesel Wynwood Condominium, which is located in the heart of the famed Wynwood arts district, at 148 NW 28 Street, is being exclusively represented by ONE Sotheby’s International Realty. Rising eight stories, the development harnesses the neighborhood’s rebellious energy in a design that converges casual luxury with cutting edge.
Diesel Wynwood wis designed by Zyscovich Architects. The building will infuse eco-consciousness and urban sustainability, seeking LEED and WELL certifications, as well as incorporate electric vehicle charging stations and private bicycle storage. The building will deliver a visual renaissance that celebrates living boldly, beginning with an unmistakable façade detailed with a neon sculptural edifice. The electric exterior beckons into distinctive interior common areas, designed by Diesel Living, the brand’s home line for furniture, lighting, kitchen, bath and flooring.
“It’s rare nowadays to push the envelope with residential real estate, and by partnering with Diesel, we are doing that and more,” said Maximilian Beltrame, CEO of Bel Invest. “Diesel Wynwood Condominium embodies the DNA of its legacy namesake, with a history of reinventing fashion for more than 40 years, through an unapologetic approach to living that’s never boring. This project will redefine what we call home.”
To emulate the art of living in a way that reflects the personality and style of future residents, each floorplan will be flexible, made possible with modular wall systems. Residences will range from micro-studios to three-bedroom units, between 395 to 4,411 square feet, while extra-high ceilings up to 11.6’ to take living to new heights. Exceptional standards are met to include Italian Berti wood flooring. IRIS tiling, Iodes lights, Baruse doors, Miele appliances, Scavolini custom cabinetry, Corian and Nero countertops, and Mullion windows. Industrial accents, such as concrete ceilings and decorative mesh, fuse to create contemporary interiors.
Not only will buyers be able to live what they wear through the project, but can opt for turnkey residences by Diesel Living, consisting of the Diesel Collection by Berti line. For the most daring, the “Brave Collection” features 14 premium penthouses equipped with high-end, exclusive materials and finishes, including liquid marble in the bathrooms and private rooftops with options for an added kitchen and jacuzzi. Of these residences, four will be “Audacious,” possessing the largest square footage and positioned on the building’s exterior.
Amenities at Diesel Wynwood include a rooftop pool deck, lounge, and gardens which lead into an indoor living room, dining area, and full kitchen; as well as a state-of-the-art wine cellar / library will have secure, personal lock-box storage with climate control. There will also be event space for community gatherings, soirees and tastings. Catering to modern-day digital nomads, a conference room for virtual meetings and calls will be available, along with a fully equipped co-working area in front.
Recognizing that wellness is at the core of creative performance, Diesel Wynwood Condominium will feature a European-inspired spa, inclusive of therapeutic steam rooms, a sensory room, aromatherapy stations, decadent full-body scrub and shower experiences and spa refreshments. There will also be a state-of-the-art fitness center, consisting of topline exercise technology and equipment, as well as cardio and weight-training machines by Technogym. In addition, a yoga area will allow dwellers to center and harness calming energy.
In-building services will include a valet, concierge / receptionist and security, as well as a full-time facility manager and high-speed internet in common areas.
“Diesel Wynwood Condominium satiates buyers’ relentless appetite for something new and pioneering in the market,” added Fernando De Nunez y Lugones, executive vice president and chief economist of ONE Sotheby’s International Realty. “This project will be unlike any other; we are honored to spearhead its presence, domestically and internationally, and provide Diesel brand loyalists and early adopters with an epic place to call their own.”
It Wynwood location has significantly transformed into a mecca for art, national retail and boutique shopping, eclectic bars, artisanal eateries and one of the largest open-air street art installations in the world. This is a significant draw for more than 400 businesses establishing roots in the area, including WeWork, Founders Fund, Spotify, Live Nation, Atomic and more. Another of the neighborhood’s top attributes is its central location - only 15 minutes from Miami Beach, Downtown Miami and Brickell.
Diesel Wynwood Condominium residences range from $320,000 to $4.8 million.
For more information about Diesel Wynwood, private showings or purchasing/ leasing information please fill out the form below:
Wynwood Annex Class-A Office Building Hits 100% Occupancy As Ramp Financial And Field Trip Sign Leases
Related Group and East End Capital’s Wynwood Annex Class A office building has hit 100% occupancy as tech firm Ramp Financial and psychedelic health company Field Trip have signed new leases. DWNTWN Realty Advisors represented the landlord in finalizing leases.
Related Group and East End Capital’s Wynwood Annex Class A office building has hit 100% occupancy as tech firm Ramp Financial and psychedelic health company Field Trip have signed new leases. DWNTWN Realty Advisor’s Tony Arellano and David Lerner represented the landlord in finalizing deals with Ramp Financial, a technology company that develops corporate cards designed to save money for businesses, and Field Trip, a health company that uses evidence-based, legal psychedelic therapies to help patients heal depression and feel better.
Ramp Financial is set to occupy 8,205 square feet on the fifth floor of the 215 NW 24th St. building. Tony Jones of Cushman & Wakefield represented Ramp Financial in the lease. Field Trip is leasing 7,474 square feet on the second floor of Wynwood Annex.
These new leases come on the heels of DWNTWN bringing three Silicon Valley tenants to Wynwood Annex. Venture capital giants Founders Fund, which includes PayPal Co-Founder Peter Thiel as a partner, Atomic and their e-commerce joint venture OpenStore signed leases for a total of more than 22,000 square feet at the building. Live Nation also occupies a floor of Wynwood Annex.
“We are proud of our role in curating Wynwood Annex with a roster of tenants who are truly changing the industries they operate in,” Arellano said. “Leaders of the technology and finance worlds who are relocating to Miami realize Wynwood is where they need to be. All of the complementary elements, such as arts and culture, fashion, experimental and service-oriented retail, dining, nightlife and residences, are already in place.”
Located in the core of Wynwood and just steps from prime neighborhood establishments such as Panther Coffee, Zak the Baker and KYU, Wynwood Annex has 60,000 square feet of rentable space and a generous parking ratio of four spaces per 1,000 square feet. With 12-to-18-foot ceiling heights and amenities including a brand-new fitness center, rooftop common area, outdoor conference space and private balconies, the building is perfectly suited for the tech and finance tenants it is attracting.
Global Consulting Firm Slalom Signs 8,000 SF Lease At Sterling Bay's 545wyn
Global consulting firm Slalom will be moving into Wynwood after signing a lease at Sterling Bay and J.P. Morgan Asset Management’s 545wyn, Wynwood’s first-ever Class-A creative office building. The lease, which marks Slalom’s first office footprint in South Florida, covers approximately 8,000 SF.
Global consulting firm Slalom will be moving into Wynwood after signing a lease at Sterling Bay and J.P. Morgan Asset Management’s 545wyn, Wynwood’s first-ever Class-A creative office building. The lease, which marks Slalom’s first office footprint in South Florida, covers approximately 8,000 square feet at 545wyn. Slalom is a $2.4 billion company with nearly 10,000 employees around the globe. The firm joins Gensler, the world-renowned architecture and design firm, and Love Life Café, a local vegan eatery, as tenants.
Sterling Bay’s Director of National Leasing, Jesse Van Dyke, negotiated the transaction. Newmark Knight & Frank’s Managing Director, Carlyle Coffin, and Executive Managing Director, Daniel Levine, represented the tenant.
“Slalom’s decision to open its first South Florida office location in Wynwood further solidifies the submarket as Miami’s next big hub for global innovation,” says Andy Gloor, Principal at Sterling Bay. “The property’s highly customized and ultramodern office features will enable Slalom to service clients in both North and Latin America, creating exposure for Wynwood in international markets and elevating the area’s reputation as an emerging destination for worldwide business.”
Slalom’s consulting services focus on strategy, technology, and business transformation with clients from top Fortune 500 companies, promising startups, established not-for-profits, and many other innovative organizations from around the world. Slalom has hired more than 50 local Miami residents since launching the Florida business and intends to hire several hundred more to build out the Florida business.
Slalom works differently,” said Beau Williamson, General Manager at Slalom. “Unlike typical consulting firms, Slalom consultants live in and are committed to the cities in which we work. We’re proud of our commitment not only to this premier office space in Wynwood, but also to the people of Miami as we hire locally to build out our business and create a positive impact on this community.”
Sterling Bay broke ground on 545wyn in January 2019 and completed the building in late 2020. Today, the 298,000 SF creative office and retail property offers future and current tenants access to large flexible floorplates and an unmatched suite of exclusive, highly sought-after healthy building amenities including a state-of-the-art wellness center, touchless elevator systems, vast outdoor lounges and high-quality air filtration systems. To reflect the artistic aesthetic of Wynwood, Sterling Bay commissioned a number of creative installations at the property, including three very prominent exterior murals, to engage local and international artists and establish a sense of place for tenants.
PMG and Greybrook Lock Down $142.3 Million Construction Loan for Society Wynwood
National investment, development, and asset management firm PMG, alongside partner Greybrook Realty Partners, has secured a $142.3 million construction loan for the 10-story Society Wynwood mixed-use project located at 2431 NW 2nd Ave. in Miami’s Wynwood Arts District.
National investment, development, and asset management firm PMG, alongside partner Greybrook Realty Partners, has secured a $142.3 million construction loan for the 10-story Society Wynwood mixed-use project located at 2431 NW 2nd Ave. in Miami’s Wynwood Arts District. The loan will provide financing for the development of the project, which commenced construction earlier this year.
Financing was provided by Pacific Western Bank and Square Mile Capital. In its second recent multifamily project with both lenders and sixth overall transaction with the duo, PMG was represented internally by Andrew Warman, Lowell Plotkin and Jonathan Blank.
“We are thrilled to expand our relationship with these top lenders beside our partners at Greybrook to create a premier living and entertainment destination on the most prominent block in Wynwood,” said Ryan Shear, Managing Partner at PMG. “Miami and the Wynwood market are close to our hearts as a team of passionate locals. With the incredible success we’ve experienced at Society Las Olas in Fort Lauderdale, and Society Biscayne slated to open in early 2022 in Downtown Miami, Society Wynwood will be the third social apartment community in South Florida under our rapidly expanding Society Living national brand. Society Wynwood will provide a community-driven living experience and attainably-priced housing that reflects the vibrant energy and positivity of the surrounding neighborhood.”
Slated for completion in Spring 2023, Society Wynwood will include 318 rental apartments and 50,210 SF of commercial space between the ground floor and rooftop. Scott Sherman’s Tricera Capital has a deal to acquire the commercial spaces upon completion of the project.
The development will offer a blend of traditional units with efficient layouts and “Rent-by-Bedroom” (co-living) options. Amenities will include a massive pool deck, co-working lab, modern gym and fitness studio, entertainment lounges, yoga lawn, craft food and beverage operations, smart package lockers, app-based keys, integrated retail space and more.
“Securing this construction loan for Society Wynwood further proves the strength of the Society Living portfolio and the appeal of social apartment communities,” Sami Mouaket, Director, U.S. Investments & Development at Greybrook Realty Partners. “Society Wynwood’s turnkey rental options, premium amenities and curated event programming deliver an attractive investment opportunity for investors and will provide outstanding quality of life for future residents.”
Launched in 2019, the national Society Living multifamily brand was created to address insatiable demand for reasonably priced rental communities close to urban centers, where modern neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that foster personal growth within a culture of inclusivity and unity.
Existing Society Living developments include Society Las Olas in Downtown Fort Lauderdale, Florida, which opened in May 2020; Society Biscayne in Downtown Miami, slated to open in Q1 2022; Society Orlando, under construction in Downtown Orlando; and Society Denver, which was announced last month. Over 8,500 units are planned nationally including additional developments in Atlanta, Brooklyn and Nashville.
Bentley Residences Miami hosted the Torcal’s Florida debut, pairing Bentley’s first fully electric production vehicle with a tour of its model residence and private garage.