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
Jupiter mansion sells for $35M as buyer levels up in Admirals Cove
Lennar’s land bank spinoff Millrose bought 1,200 single-family rentals
Cash4Keys principals, United Realty agent accused of stealing elderly man’s house, dumping him in Miami Gardens
Southwest Ranches estate once owned by Mexican pop icon Juan Gabriel hits market for $39M
Miami-Dade’s affordable housing gap grows to 118K units, even as low-income earners flee
Palm Beach’s “Ham and Cheese House” finds buyer at $105M
Estates at Acqualina penthouse with private pool lands $40M contract
“They’re getting hammered”: Fisher Island Club fee dispute escalates into $5M class action after community association sues members
Florida home permits fall 21% in September
Treasury proposes rules for large home investors
