Developers plan luxury condo project on former Salvation Army lot in Wynwood
Alchemy-ABR Investment Partners is moving forward with plans for a luxury condo project on the former Salvation Army property in Miami’s Wynwood neighborhood, The Real Deal has learned. The developer is teaming up with Jason Haim’s Miami-based Breakers Capital and Miami-based Galapagos Global Capital Management to build a 12-story, 186-unit condo building at 18 Northwest 23rd Street, according to a press release. Alchemy-ABR paid $18 million for the 0.8-acre development site in 2022 and planned to build an apartment building on the property. Some developers have pivoted from building apartments to condos because the rental market is dealing with a […]This article originally appeared on The Real Deal. Click here to read the full story.
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