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Announcement

Wynwood Square is coming!!

By
Cashflow In Miami
on
July 18, 2020

2201-2245 N Miami ave , Wynwood

An affiliate of CIM Group, a co-developer of Miami Worldcenter, secured a $71.5 million construction loan to build the Wynwood Square mixed-use project in Miami.

Sumitomo Mitsui Banking Corp., the U.S. arm of a Japanese bank, granted the mortgage to 2201 N. Miami Ave Owner. It covers the 1.79-acre site at 2201 and 2245 N. Miami Ave.

The developer acquired the property for $16.64 million in November 2018. The seller, One Real Estate Investment, owned by Jeronimo Hirschfeld, remained a co-developer of the project.

Wynwood Square was approved for 267 multifamily units, 52,908 square feet of office space, 24,908 square feet of commercial/retail space and 496 parking spaces in 12 stories. Stantec designed the two-tower project.

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