MKDA

Developers Secure $178 Million Refinancing for Society Wynwood in Miami

8:00 am on August 26, 2024 By Oscar Nunez

National development firm Property Markets Group (PMG), in collaboration with Canadian-based private equity firm Greybrook Realty Partners (Greybrook), has secured $178 million in refinancing for Society Wynwood, a 10-story mixed-use building designed by MKDA at 176 Northwest 25th Street in Miami’s Wynwood Arts District. Eastdil Secured arranged the financing, provided by funds managed by Ares Management and Monarch Alternative Capital. Randy Barcelo from Stearns Weaver Miller represented PMG. Since welcoming its first residents in March, Society Wynwood has experienced rapid leasing velocity.

New Detailed Renderings Unveiled for 116-Room Hotel Development at 160 NW 28th Street in Wynwood, Miami

8:00 am on May 4, 2024 By Oscar Nunez

Updated renderings have been revealed via a warrant and waiver application for a proposed 10-story hotel at 160 Northwest 28th Street in Wynwood, Miami. Designed by MKDA and developed by a joint venture between Robert Finvarb Companies and Hidrock Realty, the 121-foot-tall structure would yield a total floor area of 74,498 square feet. This includes 38,096 square feet of net hotel space with 116 rooms, 5,908 square feet of indoor and outdoor amenity space, including the lobby, 2,225 square feet of retail space, and 31 parking spaces. The Wynwood Design Review Committee is scheduled to review the application on May 7.

Wynwood’s Design Review Committee To Review Waiver Application For 12-Story Mixed-Use Development At 18 NW 23rd Street

8:00 am on October 8, 2023 By Oscar Nunez

On October 10, 2023, the Wynwood Design Review Committee will assess a waiver request for a 12-story mixed-use development at 18 Northwest 23rd Street. Designed by Arquitectonica with interiors by MKDA and developed by Alchemy-ABR-BCP Wynwood LLC (an affiliate of New York-based Alchemy-ABR Investment Partners), this structure will rise 178 feet, comprising 291,767 square feet. This space includes 158,309 square feet for residential purposes, distributed among 178 rental units, 12,852 square feet for indoor and outdoor amenities, 13,520 square feet for ground-floor retail, and 167 parking spaces. The project’s genesis traces back to Alchemy Properties’ acquisition of the 34,200-square-foot parking lot from The Salvation Army for $18 million in October 2022.

CP Group Plans Modifications On 40-Story Office Tower At 2 S. Biscayne Boulevard In Downtown Miami

8:00 am on February 14, 2023 By Oscar Nunez

Plans have been filed for modifications on One Biscayne Tower, an existing 40-story office building at 2 South Biscayne Boulevard in Downtown Miami. Completed in 1973, this 982,578-square-foot high-rise stands approximately 443 feet and occupies the entire western frontage on Biscayne Boulevard between East Flagler Street and Southeast 1st Street, across the street from Bayfront Park. Miami-based CP Group is the property owner and applicant behind the proposal, and architecture firm MKDA has been tapped to redesign the section of the building in scope.

Construction Nears Fully Topping Out On Society Wynwood At 2431 Northwest 2nd Avenue In Wynwood, Miami

8:00 am on November 26, 2022 By Oscar Nunez

Construction is near fully topping out 0n Society Wynwood, a 10-story mixed-use development at 2431 Northwest 2nd Avenue in the heart of Miami’s Wynwood Arts District. Designed by MKDA and developed by a joint venture partnership between national developer Property Markets Group and Canada-based private equity firm Greybrook Realty Partners, the 680,873-square-foot structure will have 318 residential units, over 50,000 square feet of retail/restaurant space, and over 200 parking spaces. John Moriarty & Associates is the project’s general contractor, located between Northwest 24th and 25th Streets.

Alchemy ABR-Investment Partners Acquires Wynwood Development Site For 12-Story Luxury Residential Project

8:00 am on October 10, 2022 By Oscar Nunez

Alchemy-ABR Investment Partners (Alchemy) a fully integrated New York-based real estate development and investment firm, announced the acquisition of 18 NW 23rd Street in Miami’s Wynwood Arts District. The 36,079-square-foot property was purchased by Alchemy for $18,000,000 in a deal that closed on September 29, 2022. The mixed-use site will be developed into a 12-story luxury residential building with 186 units, multiple retail spaces, and a parking garage. Local architects Arquitectonica and MKDA have been commissioned to design the building with construction commencing in 2024.

The Krymwood Hotel Proposed For 176 Northwest 28th Street In Wynwood, Miami

8:00 am on May 4, 2022 By Oscar Nunez

Wynwood’s Design Review Committee has received plans for the Krymwood Hotel, an 8-story mixed-use building proposed to be constructed at 176 Northwest 28th Street. The project would be located in the heart of the neighborhood, near the Wynwood Walls with frontages on both Northwest 28th and 29th streets, bound by Northwest 2nd Avenue to the west and Northwest 1st Avenue to the east. Designed by New York City-based architecture firm MKDA for Florida Art Services LLC, a joint venture between developer Michael Krymchantowski and QKapital Group, the development would rise 123-feet and comprise 72,369 square feet of new construction including 60 units mixed between residential and lodging uses. The ground floor would have 4,903 square feet of commercial space and there would no parking for vehicles.

Miami’s Urban Development Review Board Receives Plans For ‘LIVWRK Wynwood’ Designed By Morris Adjmi Architects

8:00 am on April 18, 2022 By Oscar Nunez

Miami’s Urban Development Review Board has received plans for LIVWRK Wynwood, a mixed-use development proposed for 2400 and 2500 North Miami Avenue in Wynwood. Designed by New York City-based Morris Adjmi Architects with MKDA Florida designing interiors, and developed by Brooklyn-based real estate developer LIVWRK, the proposal is comprised of two buildings on separate parcels of land rising 8 to 12 stories each. The 2400 parcel would consist of 420 multifamily residential units and 59,461 square feet of office space above 29,057 square feet of ground floor commercial space. The 2500 parcel would would be developed as an apartment/hotel with 122 units, atop 8,996 square feet of ground floor commercial space. In total, both buildings would collectively yield 922,466 square feet including 611,855 square feet of residential and amenity space, 100,220 square feet of office and commercial space, and a 210,361-square-foot parking structure for 564 vehicles and 50 racks for nearly 800 bicycles.

Mr. Krymwood To Begin Construction in 2023 at 176 Northwest 28th Street, Miami, Florida, 33127

7:00 am on February 25, 2022 By Colt Dodd

Construction’s expected to start on Mr. Krymwood, a hotel coming to Miami, Florida, in mid-2023. Right now, the venture’s currently in its schematic drawings phase. Once construction begins, it will ideally take 18 months to complete.

PMG & Greybrook Land $142.3 Million In Construction Financing For 318-Unit Society Wynwood

7:30 am on August 24, 2021 By Oscar Nunez

Society Wynwood, a 10-story mixed-use development proposed for 2431 Northwest 2nd Avenue, is taking a major step forward in the Wynwood Arts District. Developers Property Markets Group (PMG) and Greybrook Realty Partners have landed a financing deal of $142.3 million for vertical construction of the 318-unit project, which broke ground earlier this year. The financing will be provided by Pacific Western Bank and Square Mile Capital, marking the third Society-branded project for South Florida. MKDA is listed as the architect with Moriarty Construction as the general contractor.

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