Related Group (Related) and Tricap have closed on $141.5 million in financing for the NoMad Residences Wynwood. Related Fund Management, the investment management arm of New York’s Related Companies, provided a $51.5 million mezzanine loan, and Kennedy Wilson provided a $90 million senior construction loan for the project. Located in Miami’s Wynwood Arts District, the condominium tower’s construction began in October 2023 following its September groundbreaking.

Arquitectonica designed the nine-story tower, that houses 329 residences, from studios to two bedrooms. With over 80% of its homes now in contract, NoMad Residences Wynwood is expected to be completed in late 2025. Buyers will have the option to rent their homes to guests for any period of time. 

The project will include a rooftop restaurant and bar. Amenities include a rooftop lounge, a pool and sun deck, private cabanas, and an indoor and outdoor fitness lounge.

Pricing for NoMad Residences Wynwood begins in the $600,000’s.