Wynwood Archives | Raymond Goirigolzarri
Summer Events in the Design District

Summer Events in the Design District

Looking for a fun way and unique to celebrate summer? Miami’s Design District is the place to be. On August 21st, the Miami Design District presents the community craft market at Roots Miami Kava Bar. Free to the public, this community event will feature a variety of vendors selling everything from jewelry, clothing, personal care products to culinary delights. Highlighting the market is live music, guided meditation and yoga sessions.

Wednesday, August 21 from 5pm to 10pm. Roots Miami Kava Bar & Vegan Eatery. 4400 Northwest 2nd Avenue, Miami.

If art is more your style, also on Wednesday, August 21st in the Miami Design District, is the Public Art Tour. Held on the third Wednesday of each month, the tours showcase selected art and architecture across the neighborhood. Guided by art critic, journalist and educator Margery Gordon, visitors will discover feature favorite pieces and new additions in each month’s tour. This is a great way to get to know the Design District and explore Miami. Afternoon art tours also take place once a month. You can find the schedule here.

Wednesday, August 17th from 6:30pm to 8pm. Tours meet at the Fly’s Eye Dome on the first flow of Palm Court. 140 NE 39th Street, Miami. Click here to rsvp.

CIM Group Acquires Wynwood Square Property for $17 Million

CIM Group Acquires Wynwood Square Property for $17 Million

CIM Group just bought a 1.78-acre site in Wynwood, Wynwood Square, for $16.6 million where a 12-story mixed-use (apartments, office and retail) project is planned.

Wynwood Square

The Los Angeles- based CIM Group, which has more than $ 29 billion in assets, purchased the property from One Real Estate Investment for $ 214 per square foot at 2201 North Miami Avenue. According to a CIM press release, the site is fully entitled and One Real Estate Investment will be a co- developer on the property.

One real estate investment based in Miami, led by Jeronimo Hirschfeld, sought to build a project called Wynwood Square with 241 apartments, 60,290 square feet of office space, 27,212 square feet of retail space and 481 parking spaces.

According to property records, Hirschfeld’s company purchased the property for more than $15 million in 2015. But the company put the 77,580-square-foot site on the market in 2017. Hirschfeld mentioned in the past that he invested several million dollars more in pre-development costs.

At the moment, CIM is developing Caoba, a 444-unit, 43-story apartment tower in downtown Miami. Caoba is part of the Miami Worldcenter project in which CIM is also an owner and co- developer.

One Real Estate Investment has not recently commented on further ongoing for this project.

Read the Original Article Here: CIM Group pays $17M for Wynwood Square property