MIAMI—Wynwood is heating up fast—and more is surely yet to come. Just after a Wynwood asset sold at near record price, construction is soon getting underway at 250 Wynwood.
Aztec Group director Charles Penan, along with senior managing director Howard Taft, just arranged a $3.4 million construction loan for Wynwood-based Fortis Development Group on the project.
“250 Wynwood's ideal location, unit mix, unique design and strong ownership proved very valuable for the lender,” says Penan. “This marks the first of several transactions both borrower and lender propose to work on together in the near future.”
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