Wynwood Arcade Has Just Started Leasing SpaceMarch 4, 2015
One of the largest commercial developments in Wynwood has already begun leasing space, according to an article in The Miami Herald. The price per square foot is $50.
Wynwood Arcade is a pre-construction retail and restaurant complex spanning 20,000 square feet that is located at 74 NW 24th Street. In addition to its central location, the project will be adjacent to Panther Coffee, a café that is something of a local icon.
The building began construction last week and is slated for completion before the end of this year.
This latest addition to Wynwood’s vibrant commercial landscape is being undertaken by East End Capital, a firm based in New York City. Its founder, Jonathon Yormak, said of this project:
“When we decided to come to Miami, Wynwood was our first choice. For us, Wynwood is that perfect mix of art, design and retail. We foresee great changes and excited to be at the forefront of it.”
Indeed, this is only one of dozens of highly anticipated retail and residential developments going on in the formerly derelict warehouse district. In addition to hip art galleries and fashion houses, Wynwood is increasingly the destination of choice for some of the nation’s most luxurious brands.
Nowhere is this more evident than in the movement of world-class brands like LVMH, Louis Vuitton, and Christian Dior from luxury powerhouses like the Shops at Bal Harbour and Lincoln Road. Wynwood is emerging as the premier center of not just art, culture, and trendiness, but high-end consumer products.
To learn more about this exciting development in Miami real estate, contact Matt Crane. From Miami Beach Homes for Sale, to Pre-Construction Condos in Miami, he is the leading expert in all the trends and changes in this exciting market. Call 305.203.0000 for more details.