Description
The project presented here is located in Wynwood a strategic area of Miami, very close to the Design district, Buena Vista and the Lagoon. The Wynwood Arts District is home to over 70 Art Galleries, Retail Stores, Antique Shops, Eclectic Bars, and one of the largest open-air street-art installations in the world.
Taking over what used to be the warehouse and manufacturing district of Greater Miami, developers have rehabilitated neglected warehouses, shuttered factories, and other unused buildings, transforming them into the numerous art complexes, galleries, performing art spaces, restaurants, cafes, and other creative businesses that are seen here today. Though the influence and relevance of the arts community in Wynwood is undeniable, new, creative businesses of all types are opening their doors in the District and encountering success here.
Wynwood is listed at position #6 on the Cushman & Wakefield two year list of the coolest neighborhoods in the United States, and at position #20 on America's Best Hipster Neighborhoods list of Forbes. Through the approval of the new zoning plan Wynwood finally lays the groundwork for one of the most important future residential, retail and office localities in Miami.
This development project is a unique opportunity to buy a piece of one of the coolest and trendy neighbourhoods of the USA.
Bel Invest has already bought several land plots on 28th street, a strategic road that intersects with the 2nd avenue, the main route with the most important retail developments. The 28th street will be one of the most attractive roads and offer distinct retail and cultural offer for pedestrian visitors.
Development plan
The real estate development project proposed, consists of the demolition of the existing buildings and construction of a new mixed use residential/retail building of the total gross area of 42.358 ft2 = 3.935 m2 developed in 8 stories + mezzanine (33% of ground floor). The saleable / rentable area is 90% of the built area, applying The American National Standards Institute Calculating Method (ANSI). (ANSI Z765-2003).
The expected time for the completion of the project, construction and sale/rent of all units, is 4 years.
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