Wynwood House will be an incredible multifamily project in an Opportunity Zone. In fact, Lineare Group and Bridge Investment Group just got a construction loan of almost $38 million to make this happen. At 224 units, Wynwood Haus will elevate the real estate market in the area.
The project broke ground a couple of weeks ago. It will be 20 stories and feature studios, one-, and two-bedroom apartments. Furthermore, the size of the units will range from 394 square feet to 945 square feet. Each unit will come with floor-to-ceiling windows, balconies, washers and dryers, and more.
The site for this project was acquired in 2019 for $5.9 million. In addition to the apartments, the project will also feature ground-floor commercial space. Furthermore, the Opportunity Zone development has also received millions of dollars in incentives.
Right now, Wynwood is experiencing tremendous growth, and this project will help elevate it.
Read more: https://therealdeal.com/miami/2021/07/09/wynwood-apartment-tower-in-an-opportunity-zone-scores-38m-construction-loan/
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