Nearly 2 Acres in Miami's Wynwood Up for Sale
The site is centrally located in the warehouse arts district on the southeast corner of Northwest 25th Street and Second Avenue, except for one lot that's on the northeast corner of the intersection.
January 17, 2018 at 10:09 AM
2 minute read
A 1.72-acre site in Miami's trendy Wynwood neighborhood is for sale without an asking price and expected to bring top dollar.
The assemblage in the internationally known warehouse arts district is on the southeast corner of Northwest 25th Street and Second Avenue, except for one lot on the northeast corner of the intersection.
The William & Doris Friedopfer Trusts own the properties, according to Cushman & Wakefield, which is marketing the property. Some of the lots are vacant, but others have structures, including Brazilian artist Romero Britto's studio and gallery.
Collectively, the lots had a 2017 market value of about $25.2 million, including the buildings, according to the Miami-Dade County property appraiser's office.
The site, which is dubbed Strada at Wynwood, is across the street from specialty coffee roaster Panther Coffee and a block southeast of the outdoor street art and graffiti museum Wynwood Walls.
There are three buildings on the site, two warehouses totaling 31,017 square feet and a 4,450-square-foot retail building, according to Cushman & Wakefield.
The site offers development potential for more than 540,000 square feet, including as many as 259 residential units, shops, restaurants and offices, according to Cushman & Wakefield.
The land is comprised of eight lots at 2421, 2431 and 2455 NW Second Ave.; 146 and 172 NW 25 St.; and 159 and 169 NW 24th St. The last one, 153 NW 25th St., is north of Northwest 25th Street and east of Second Avenue.
Other projects are being developed nearby, including the apartment and retail building Wynwood 25, The Wynwood Garage with retail space, retail project Wynwood Walk, and office and retail development Cube Wynwood.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Yacht Broker Says It 'Has Done Nothing Wrong.' Asks Miami Court to Dismiss the Case
Hyper-Reality Revisited: A Tour of Waldorf Astoria Hotel & Residences Miami
5 minute read
10 Years Later, This High Court Fight Over Real Estate Commissions Is Far From Over
4 minute read
Broward Judge Awards $9.9M in Attorney Fees and Costs After $33M Salmon Settlement
4 minute readTrending Stories
- 1Gibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
- 2Trump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
- 3Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 4Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 5Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
