DWNTWN Realty Advisors Negotiates Sale Of 2 Wynwood Properties

Sep 29, 2019 No Comments by

Jordan Gimelstein and Skyler Marinoff of DWNTWN Realty Advisors represented both sides in the sale of 2811 NW 5th Avenue in the Wynwood Arts District of Miami.

The 7,000-square-foot building with frontage on NW 5th Avenue sold for $3.3 million in a deal that closed on September 19th.

NW 5th Avenue in Wynwood has been historically home to owner/users in the wholesale business, but is now considered one of the next frontiers for investment and development in Wynwood, spearheaded by the 545Wyn office development being built by Sterling Bay.

The same week, Devlin Marinoff and Tony Arellano, also of DWNTWN Realty Advisors, completed the sale of 255 NW 25th Street in Wynwood for $11 million, home to a future Moxy Hotel.

 

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