A San Francisco-based investor made its first major play in South Florida, buying The Bradley Wynwood mixed-use multifamily building for $77 million.
Iconiq Capital bought The Bradley from a joint venture of Jorge Pérez's Related Group and Miami-based Block Capital Group.
The 175-unit apartment building was previously leased to now defunct short-term rental operator Domio.
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Related completed the building in 2019.
The Bradley is on the northeast corner of Northwest 26th Street and First Avenue at 51 NW 26th St.
The Bradley includes 36,000 square feet of retail and a 230-space garage.
Seller Block Capital is a major Wynwood investor as it owns notable properties there, including the buildings where Warby Parker and the Salty Donut are located, according to its website.
Iconiq, a privately held investor, has roughly $54 billion in assets under management, according to its website.
Iconiq retained Aventura-based brokerage and property manager BM2 Realty to handle the retail leasing.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
