Berkshire Residential Investments And Bayshore Global Management Acquire Wyn 29 Apartments In Wynwood For $135M

Miami's Related Group and Metro 1 have finalized the sale of Wyn 29 apartments in Wynwood for $135 million. The mixed-use property spans 1.3 acres and is located at 2819 Northwest First Avenue and 2828 Northwest First Avenue. This impressive 12-story building boasts 248 apartments, as well as retail space and parking facilities.

Summary of transaction details

• Property Type: Mixed-use
• Sale Price: $135,000,000
• Acres: 1.3
• Address: 2819 Northwest First Avenue & 2828 Northwest First Avenue
• Market: Miami

The buyers for this remarkable property are Berkshire Residential Investments and Bayshore Global Management. Represented by David Olney and George Pavlov, respectively, these companies have joined forces as Wynwood LLC in this acquisition. On the sellers' side, the Related Group, led by Jorge Perez, and Metro 1, represented by Tony Cho, facilitated the successful sale.

It is worth noting that Wells Fargo acted as the lender in this transaction, providing the necessary financial support to facilitate the $135 million sale.