CIM Group Sells Mixed-Use Development in Miami
The firm has sold the recently-completed Strata Wynwood, which features multifamily, office and retail space in the city’s Wynwood Arts district.
MIAMI, FL – Owner, operator, lender and developer, CIM Group has sold its recently-completed, mixed-use development, Strata Wynwood, in Miami, FL.
The development spans one full block in the city’s Wynwood Arts district, and comprises 257 multifamily units, 60,300 square feet of creative office space, 27,040 square feet of retail space and 474 parking spaces. The property features two eight-story apartment towers situated above three floors of office space and ground-level retail.
Strata Wynwood offers a range of residences from studios to three-bedroom units. Resident amenities include a 24-hour fitness center, a swimming pool with cabanas, lounge areas, grilling stations, an open air theater, a music room and co-working spaces.
CIM Group co-developed Strata Wynwood with One Real Estate Investment.
“Strata Wynwood exemplifies the quality and creativity of CIM Group’s innovative, mixed-use developments,” states Shaul Kuba, CIM Group co-founder and principal. “Utilizing our team’s experience in office, retail and residential, we were able to seamlessly blend these elements into an exceptionally functional and architecturally appealing property that enhances the dynamic Wynwood District.”
Located along N. Miami Ave. between NE 22nd St. and NE 23rd St., Strata Wynwood is situated near the city’s design district, Downtown Miami, Midtown and Edgewater, as well as I-195 and I-395. Miami’s Wynwood Arts district continues to grow as a technology and venture capital hub within the city.
CIM Group has been involved in the greater Miami region for more than 10 years. The firm also co-developed and owns part of the 27-acre, master-planned, mixed-use Miami Worldcenter project.