Record Amount Spent on Wynwood Property by Real Estate Investment Firm
by Sep Niakan | December 23, 2014
A real estate investment firm based out of New York has just purchased two acres of Wynwood land for $23.5 million, a record for the neighborhood.
East End Capital, represented by Newmark Grubb Knight Frank, purchased the 215 and 227-339 Northwest 24th Street properties from Marc Kovens and Shawn Chemtov for $23.5 million. Kovens and Chemtov were represented by Chariff Realty.
Lyle Chariff, president of Chariff Realty said that the deal set an all time record for the highest sale price of a property in Wynwood. The neighborhood itself is beginning to experience some new investments that are reaching the development of the neighboring Design District.
East End plans on creating a 23,500 square-foot project on a different Wynwood property, which they purchased earlier in the year. Kovens and Chemtov were planning on building an eight-story building with three floors of retail space, and five stories of residences, but ended up selling the land to East End.
Photo credit: Land - therealdeal.com
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...