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PMG Scores $178M Refi on Wynwood Apartments
PMG, alongside Greybrook, secured $178 million in refinancing for the 10-story Society Wynwood mixed-use project located at 176 NW 25th St in Miami’s Wynwood Arts District. Eastdil Secured arranged the financing, which was provided by funds managed by Ares Management and Monarch Alternative Capital. PMG was represented by Randy Barcelo from Stearns Weaver Miller.
The recently completed Society Wynwood features 318 rental apartments and 50,210 square feet of retail space across the ground floor’s full city block. The property offers a mix of traditional units with “Rent-by-Bedroom” (co-living) options. Its amenity package encompasses over 82,000 square feet, including a rooftop pool deck with an outdoor gym, and an indoor gym. Rents range from $1,880 – $5,970.
The internal ground floor courtyard hosts several dining options.
Over the last 33 years, PMG has delivered more than $12 billion in assets across the country.
- ◦Financing
