AMLI Residential Acquires Development Site In Wynwood From TriStar Capital For $35M. Cushman & Wakefield Represents The Deal

A development site in Wynwood has been sold in a transaction valued at $35,000,000. The property, located at 45 Northwest 24th Street, spans a total of 669,600 square feet. The buyer, AMLI Residential, acquired the site from TriStar Capital, represented by David Edelstein. The deal was facilitated by Cushman & Wakefield brokers Robert Kaplan, Robert Given, Errol Blumer, Mark Rutherford, and Ricky Giles.

Summary of Transaction Details

• Property Type: Development site
• Transaction Amount: $35,000,000
• Address: 45 Northwest 24th Street
• Market: Wynwood
• Seller: TriStar Capital - David Edelstein
• Buyer: AMLI Residential
• Brokers: Cushman & Wakefield - Robert Kaplan, Robert Given, Errol Blumer, Mark Rutherford, Ricky Giles
• Total Area: 669,600 square feet
• Price per Square Foot: $52

The sale of the development site in Wynwood was completed on January 15, 2020. This transaction represents a significant investment opportunity in the vibrant Wynwood market, with its thriving arts and cultural scene.