2016 – The Real Deal
PROJECT: WYNWOOD APARTMENTS
Thor Equities files plans for new Wynwood mixed-use project with apartments, hotel and retail
Thor Equities has filed plans with the city of Miami for a new mixed-use development that would include 306 apartments and 88,000 square feet of commercial and hotel space, The Real Deal has learned.
The development is planned for 2 acres of property that includes 252, 268 and 286 Northwest 29th Street and 2801 Northwest Third Avenue. New York-based Thor Equities paid $29 million for nearly the entire block last year. The site currently houses vacant warehouses.
Thor’s partner on the project is New York-based Rockwood Capital, according to a source familiar with the deal.
Plans call for a 12-story project that would include four levels of parking, including one that would be underground, with a total of 705 parking spaces. Also planned: a pedestrian passage that would connect Northwest 28th Street and Northwest 29th Street.
Touzet Studio is designing the project. The source familiar with the project told TRD the small-sized apartments will be targeting millennials. Delivery is expected in 2018.