L&L Holding Company (L&L) and Carpe Real Estate Partners (CREP) have announced that they have successfully completed the acquisition of a 3-acre assemblage for the creation of The Wynwood Plaza, a one-million square-foot multi-building mixed-use development that will bring new office, residential, retail and outdoor space to Miami’s booming Wynwood Arts District. Formerly known as 29N, the project is designed by world-renowned architecture firm Gensler and will become a major attraction and destination for Wynwood. Plans for projected to yield 260,000 square feet of office space, 509 residential units, array of indoor and outdoor dining and shopping options, a beautifully landscaped 25,000 square-foot outdoor public plaza and a parking garage with 668 car spaces and 954 bike spaces
Last November, the City of St. Petersburg issued a Request for Proposals (RFP) for the redevelopment of a 2.02-acre site near Tropicana Field in the Intown Redevelopment Area. The RFP was issued following an unsolicited offer by New York City-based developer Atlas Real Estate Partners. Outgoing Mayor Rick Kriseman has selected Dynasty Financial Partners to purchase the property for $6.25 million, which is specifically located at 910 2nd Avenue South and is comprised of nearly 88,000 square feet. The property is bound by Dr. M.L.K. Jr. St. S on the east, 3rd Ave. S. to the south, 10th St. S. to the west and 2nd Ave. S. to the north, and was previously being utilized as a parking lot leased to the Tampa Bay Rays.