Evolve Companies lands $49M loan for 141-unit Wynwood apartment project

• Evolve Companies secures $48.5M construction loan from Genesis Capital
• Project will deliver a 141-unit apartment building in Wynwood
• Completion expected in 2028

What Evolve Companies is building in Wynwood

Evolve Companies has secured construction financing for Evolve Wynwood 35, a new 141-unit multifamily development in Miami’s Wynwood district. The project will rise eight stories at 535 Northwest 35th Street, adding new rental supply in one of Miami’s most active urban submarkets.

What the financing signals for the deal

Genesis Capital provided the $48.5 million construction loan, reinforcing continued lender appetite for well-located multifamily projects in South Florida. Despite broader market uncertainty, capital is still flowing into projects with strong fundamentals and high-visibility locations like Wynwood.

What the project includes

The development will feature a mix of studio to two-bedroom apartments, along with a full amenity package designed to attract urban renters. Planned features include a resort-style pool, coworking spaces, fitness and yoga studios, outdoor kitchens, and pet-friendly amenities like a dog park and pet spa. The building will also include structured parking, catering to both residents and the area’s growing demand for convenience.

How location drives demand

Wynwood continues to evolve from an arts district into a major residential and mixed-use hub, attracting both developers and tenants. The project’s proximity to Interstate 95 and Interstate 195 enhances accessibility, making it attractive for renters seeking connectivity to downtown Miami and the surrounding areas.

What this means for investors

This deal highlights continued confidence in Wynwood’s long-term growth as a residential destination. For investors, the combination of strong location, modern amenities, and available financing signals that mid-scale multifamily projects remain a core investment play in Miami. With delivery expected in 2028, Evolve Wynwood 35 adds to the pipeline, shaping the next phase of the city’s urban rental market