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Florida & Gulf Coast  + South Florida  + Apartments  |  July 19, 2021
David Cohen
By: David Cohen

Newmark Arranges $73M Construction Loan for Wynwood MXU Project

Newmark has arranged a $72.8 million construction loan for Wynwood 29, a mixed-use project situated on a more than one-acre site in Miami.

Once complete, the property will feature 248 luxury apartments, resort-style amenities, a 281-car garage and 26,650 rentable square feet of retail space located on the ground floor. The highly-amenitized residential component will include an expansive pool deck with outdoor kitchen, a world-class fitness center, generous co-working spaces and bike storage.

Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Nick Scribani, Don Pavlov and Dominick Calisto of Newmark secured the financing on behalf of the borrower, Related Group. The loan was provided by Cerberus.

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Newmark’s Stolly

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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