News Summary
A joint venture between LD&D, IGEQ, Black Salmon, and Bridge Investment Group has secured a $56 million loan for the recapitalization of Wynwood Haus in Miami. The loan, structured as a seven-year, fixed-rate financing, will enhance the residential community, which features 224 units designed to offer quality living. Notably, the property includes workforce housing options for families earning between 100% to 140% of the Area Median Income, catering to affordable living needs in the vibrant Wynwood neighborhood.
LD&D, IGEQ, Black Salmon, and Bridge Investment Group Secure $56 Million Loan for Wynwood Haus Recapitalization in Miami
A new financial boost is on the horizon for the Wynwood Haus community in Miami, as a joint venture involving LD&D, IGEQ, Black Salmon, and Bridge Investment Group recently secured a significant $56 million loan. This funding aims primarily at the recapitalization of the 224-unit residential complex, positioned at the bustling entrance of Wynwood.
This substantial loan, a seven-year, fixed-rate offering from Fannie Mae, comes with full-term interest-only payments, allowing for enhanced financial flexibility. The loan arrangement received support from teams at Berkadia in Miami, Denver, and Boca Raton, showcasing collaborative efforts in realizing this essential financial backing.
Details on Wynwood Haus
Wynwood Haus, located at 1765 N. Miami Avenue, was completed just last year, reflecting a modern blend of residential living and urban convenience. The community offers a variety of living options, featuring studio, one-bedroom, and two-bedroom apartments, with sizes ranging from 390 to 960 square feet. Notably, out of the total apartments, 100 units are set aside as workforce housing designated for families earning between 100% to 140% of the Area Median Income.
The Wynwood Haus property also boasts over 6,800 square feet of ground-floor retail space, enhancing the local commercial landscape and providing residents with convenient access to essential services.
Amenities and Features
The apartments at Wynwood Haus are designed with an array of modern features and finishes. Residents can enjoy floor-to-ceiling windows, oversized balconies, and in-unit full-size washer-dryers. Additionally, smart home features such as wireless-controlled smart thermostats add a layer of convenience to daily living. The interiors also include 10-foot-high ceilings, walk-in closets, and rain showers, all aimed at enhancing the living experience.
The community amenities are equally impressive, offering a pool and sun deck with stunning bay views, a fitness center, and an outdoor terrace. For those who work from home or require office space, a co-working area complete with a conference room and a library is available. Social and recreational spaces like a resident lounge, smart locker package room, and even electric car charging stations highlight the focus on modern, sustainable living. Pet owners will appreciate the convenience of an on-site pet grooming station.
Accessibility and Location Benefits
Wynwood Haus is designated as a transit-oriented development, situated near the School Board Metromover station, providing residents with seamless access to downtown Miami, Brickell, and Miami Beach via the Metromover elevated rail system. This connectivity is further complemented by proximity to Metrorail and Brightline regional commuter trains, ensuring residents enjoy excellent access to surrounding areas.
The current occupancy rate at Wynwood Haus stands at an impressive 94%, indicating strong demand for this urban lifestyle. Moreover, the property’s strategic placement within an Opportunity Zone enhances its appeal for investors and residents alike.
Back in 2019, the site where Wynwood Haus now stands was acquired for $5.9 million. In 2021, the development garnered a $37 million construction loan from Bank OZK, further illustrating the strong financial backing behind this ambitious project.
With this latest loan, Wynwood Haus is set to continue thriving, combining urban living with modern conveniences in one of Miami’s most vibrant neighborhoods.
Deeper Dive: News & Info About This Topic
Additional Resources
Author: Construction NY News
NEW YORK STAFF WRITER The NEW YORK STAFF WRITER represents the experienced team at constructionnynews.com, your go-to source for actionable local news and information in New York and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the New York Build Expo, infrastructure breakthroughs, and cutting-edge construction technology showcases. Our coverage extends to key organizations like the Associated General Contractors of New York State and the Building Trades Employers' Association, plus leading businesses in construction and real estate that power the local economy such as Turner Construction Company and CMiC Global. As part of the broader network, including constructioncanews.com, constructiontxnews.com, and constructionflnews.com, we provide comprehensive, credible insights into the dynamic construction landscape across multiple states.
