Devlin Marinoff of DWNTWN Realty Advisors brokered the deal for the seller. He marketed the site as having the development potential for 143 residential units of 285 hotel rooms in up to 36 stories. A project there could total 498,648 square feet.
Read More“This was an opportunity to complete a full-block assemblage on Biscayne Boulevard in Edgewater,” Marinoff said. “We called Maria Menzel a number of times trying to buy [her properties] or to see if she wanted to buy this one. She stepped up and bought it.”
Read MoreBrandon Singer and Kim Levandovsky were part of the Retail by MONA team that worked with Solana, although another brokerage represented the tenant. Tony Arellano of DWNTWN Realty Advisors represented the landlord.
Read More“It’s very rare that you find a building with under-market rents at a good basis,” Arellano said. The buyer “could buy a six cap right now, but with an additional $10 a foot in market rents, [he or she] is gonna make a lot more money for sure.”
Read MoreDWNTWN Realty welcomes the techiesThe brokerage’s Tony Arellano and his team can tell you all about Silicon Valley’s influx to Wynwood. Founders Fund and Atomic were among the first new-to-market firms to hone in on the Miami neighborhood. They took 22,000 square feet at the Wynwood Annex in March of last year.
Read MoreRobert Wennett sold a warehouse complex near his Miami Produce Center redevelopment site in Miami’s Allapattah for $10.5 million. Ted Konigsberg with Infinity Commercial Real Estate represented the buyer. Joe Fernandez with DWNTWN Realty Advisors represented the seller, Miami Produce Center LLC.
Read MoreJain and Cho bought the building, which was constructed in 1955, for $9.25 Million in 2014. It was later purchased by The Morgan Reed Group for $11 million, said broker Tony Arellano, managing partner of DWNTWN Realty Advisors.
Read More2003 North Miami Ave., a mixed-use property which is home to longtime Wynwood staple restaurant KUSH, has sold for $2.6 million on March 25. Matt Kuscher, owner of Kush Property LLC, purchased the property from Michael Lilov. Both sides of transaction were overseen by Devlin Marinoff, Tony Arellano P.A. and David Richman of DWNTWN Realty Advisors.
Read MoreThe neighborhood has attracted real estate firms, as well. Commercial real estate data startup CREXi has a space at the Wynwood Annex. And DWNTWN Realty Advisors, which has represented many of the neighborhood’s landlords in lease deals, also moved its headquarters to Wynwood.
Read MoreA Wynwood real estate investor is looking to cash out of an office, retail and parking portfolio in Miami’s hottest neighborhood. Steve Rhodes’ asking price is $27.5 million, according to a brochure prepared by DWNTWN Realty Advisors, which is marketing the portfolio.
Read More“Wynwood has been called ‘the capital of Capital’ and it is known that venture capital firms and web3 companies – cryptocurrency and decentralized finance tenants – have chosen to go [there] and it makes sense,” said Tony Arellano, co-founder and managing partner of DWNTWN.
Read MoreLeasing for 30,000 square feet of storefronts has gone better than expected, with tenants paying an average rent of $75 a square foot, Arellano said. “The concession packages are a little different for each tenant, and the rent structure depends on the space type,” Arellano said. “We are six months in, and the building is close to being stabilized. It usually takes about a year.”
Read MoreA New York-based self-storage developer picked up a three-property assemblage in Miami’s Wynwood that is primed for redevelopment. Tony Arellano and Devlin Marinoff with DWNTWN Realty Advisors represented the seller in the latest deal. Jordan Karp with Jordan Karp LLC represented the buyer.
Read More“What started to happen was a cluster of tech and VC expats from the Bay Area and San Francisco and the West Coast, and others from New York, started to believe Miami could be their new home, and that Wynwood was sort of the preeminent and most appropriate neighborhood for their use,” Arellano said.
Read MoreRelated Group and East End Capital have sold Wynwood Annex for $49 million to a new-to-market San Francisco-based buyer Brick & Timber Collective. The transaction was overseen by DWTNWN Realty Advisors Co-Founders Devlin Marinoff and Tony Arellano P.A., who represented both the buyer and the seller.
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