Related Group and Tricap have secured $141.5 million in financing for NoMad Residences Wynwood. The project, underway in Miami’s Wynwood Arts District, received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. The nine-story condominium tower commenced construction in October 2023 following its September groundbreaking. Located at 2700 Northwest 2nd Avenue near the Wynwood Walls, the building is designed by Arquitectonica, with interiors by DesignAgency.
NoMad Residences Wynwood. Credit: Imerza.
“Related Group is proud to partner with Related Fund Management and Kennedy Wilson to drive the development of NoMad Residences Wynwood further,” said Nick Pérez, President of Related’s Condominium Division. “This significant capital infusion is a testament to the strong investor confidence in Miami’s residential market and, more notably, our distinct vision for this hospitality-centric and lifestyle-driven development. We’re excited to bring this unique residential experience to Wynwood, which adeptly blends design, culture, and community in a way that only NoMad can.”
NoMad Residences Wynwood. Credit: Imerza.
“We are pleased to join with Related Fund Management to provide construction financing to Related Group for this exceptional project,” said Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson. “Related Group is arguably the premier residential developer in South Florida and their deep experience, particularly in Wynwood, is one of many reasons we were drawn to this investment.”
NoMad Residences Wynwood. Credit: Imerza.
NoMad Residences Wynwood will offer 329 units, ranging from studios to two-bedroom apartments. Features include floor-to-ceiling windows, private balconies, and modern kitchens with Bosch appliances and Italian-style cabinetry. The residences come fully furnished with packages from DesignAgency and are designed with no rental restrictions, allowing owners to rent their homes for any period.
NoMad Residences Wynwood. Credit: Imerza.
The development will also include public food and beverage venues, such as a rooftop restaurant and bar managed by Leo Robitschek, a James Beard Award Winner, and Casa Tua Cucina on the ground floor, offering Italian and Mediterranean cuisine.
NoMad Residences Wynwood. Credit: Imerza.
Residents can access various amenities, including a rooftop lounge, pool, fitness facilities, and the NoMad Library and Lounge. The building will also feature art from the Jorge M. Pérez Collection and commissioned works reflecting the Wynwood artistic community.
NoMad Residences Wynwood. Credit: Imerza.
NoMad Residences Wynwood. Credit: Imerza.
More than 80% of the residences have been sold, with completion anticipated for late 2025.
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