Society Wynwood

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.

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.

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.

Construction Permits Filed For Society Wynwood At 2431 NW 2nd Avenue In Wynwood, Miami

7:30 am on July 9, 2021 By Oscar Nunez

New construction permits have been filed for a 114-foot-tall, 8-story mixed-use development at 2431 Northwest 2nd Street in Wynwood, Miami. Developers Property Markets Group and Greybrook Realty Partners are once again partnering on another project, expanding their popular Society Living brand with Society Wynwood. According to the permit filing, the structure will yield 680,783 square feet of space including 318 residential units, 54,580 square feet and possibly 211 parking spaces across 2 levels. Sieger Suarez Architects is responsible for the design, and Moriarty Construction is the general contractor.

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