DWNTWN Realty Advisors Closes Sale Of Prime Property In Wynwood

Apr 09, 2018 No Comments by

DWNTWN Realty Advisors announced it has closed the listing at 269-285 NW 27th Terrace in Wynwood for $5.850 million.

This significant transaction was brokered by Managing Partners, Devlin Marinoff and Tony Arellano, who represented the seller, Rockwood Capital.

The buyer is a foreign entity and was represented by Gaston Miculitzki of BM2 Realty.

269-285 NW 27th Terrace is located on one of the main transformational corridors of Wynwood, NW 3rd Avenue, a future main pedestrian street. The property known as “The Wood Site” is comprised of 14,250 square feet of vacant land. This property offers a developer the unique opportunity to create a one story retail center or a hotel with up to 8 floors and 98 keys. The high street main avenue location is one of the best development sites in the heart of Wynwood.

 

“The continuing transformation of Wynwood is a strong indicator of the market strength and potential still available in the urban core of Miami,” states Marinoff.

 

“The Wood Site is one of the last remaining vacant lots in this area and offers the opportunity for a developer to really make a mark and be part of the growing revitalization of Wynwood,” adds Arellano.

The team at DWNTWN Realty Advisors is responsible for some of the largest and most significant transactions in the continuing expansion of Wynwood. Marinoff and Arellano have closed an incredible $40 million in the urban core of Miami just over the last 120 days, signaling the sustained strength of the firm and their commitment to the enhancement and growth of Miami’s emerging markets.

DWNTWN Realty Advisors was recently founded by seasoned real estate experts, Devlin Marinoff and Tony Arellano, to offer concept fulfillment, retail placement, commercial sales and investment strategy for clients in Downtown markets throughout the greater Miami Area. The brokerage is focused on the concepts of new urbanism, the densification of Miami’s Downtown, and the value that walkable city centers create. DWNTWN Realty Advisors specializes in the sale, acquisition, and leasing of investment-grade properties within emerging markets in Miami’s urban core.

 

 

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Industry News, Miami-Dade County Retail, NA, Retail
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