Ironstate Development has acquired a more than one-acre development site in Miami’s Wynwood neighborhood. The sales price was $15.6 million.
Miami Beach-based developer Lucky Shepherd had put the development site under contract prior to the pandemic. But, eventually, the contract was assigned to Ironstate Development. Lucky Shepherd had planned to build an eco-friendly project with a150-key hotel, and up to 48 private residences. Currently, the development site is home to Art By God, a 30-year-old business that has become one of the largest retailers of nature products, artifacts and wildlife items in the U.S. The 21,155-square-foot Art By God is located at 60 NE 27th St. The acquisition also includes 26 NE 27 St., 25 NE 26 St., and 61 NE 26 St.
Real estate broker Andy Charry of Metro 1, represented the seller, Art By God Inc., in the transaction. Real estate brokers Mika Mattingly and Cecilia Estevez of Colliers International Florida’s Urban Core Division represented Lucky Shepherd.
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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