Diego Ojeda Sells Retail Space At Mohawk In Miami, Brokered By Angelica Cruz And Jorge Lopez

The asset involved in this transaction is a commercial retail space located at 50 Northeast 29th Street in Miami, spanning 1,005 square feet. It was sold at a price of $2,150 per square foot, marking the highest price per square foot ever recorded for pre-construction retail in the Wynwood and Midtown areas. This property is part of the larger Mohawk at Wynwood project, comprising a 12-story, 300-unit multifamily development. The development will include approximately 30,000 square feet of ground-floor retail distributed across 21 spaces, strategically situated at the intersection of Wynwood, Midtown, the Design District, and Edgewater.

Summary of transation details:

• Property Type: Commercial
• Transaction Amount: $2,150 per square foot
• Address: 50 Northeast 29th Street, Miami
• Asset Size: 1,005 square feet
• Seller: Diego Ojeda
• Buyer's Representative: Jorge Lopez - Compass
• Seller's Representative: Angelica Cruz - Cervera Real Estate
• VP of Developmental Sales: Paulie Hankin - Cervera Real Estate

This transaction involved significant representatives in the real estate market. Jorge Lopez from Compass represented the buyer, while Angelica Cruz and Paulie Hankin from Cervera Real Estate represented the seller, providing expertise in the sale of this retail space. The deal reflects the ongoing development activity in the Wynwood area, exemplified by the Mohawk project led by the Rilea Group.