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.
Recent Posts

“Reckless”: Lawsuit accuses Madison Realty of negligence and financial mismanagement at downtown Miami condo-hotel tower

Hip hop mogul Rick Ross adds “developer” to resume in Miami Gardens

Florida REIT accused of fraud, spending investor money on jets, jewelry, gun ranges, adult clubs

Top permits: $44M condo reno, massive Baptist hospital expansion

Lender makes $40K credit bid for foreclosed Broward beach resort

Multifamily is back. Or is it? Oversupply lessens but vacancies, pipeline still high

South Florida’s top deals: Sketchers co-founder picks up Miami home for $11M

Pinnacle scores $41M financing for senior affordable housing in growing market

Baron nabs $227M refi for Hialeah rental complex as nearby development advances

Billionaire Larry Ellison expands Manalapan estate with $34M land buy

