PMG, a New York-based real estate development firm, and Lndmrk Development, a Miami-based real estate development firm, have partnered to develop a new condominium project in Wynwood Norte, a neighborhood in Miami, Florida.
The project, which is still in the early stages of planning, will be located at 112-138 Northwest 30th Street and 119-137 Northwest 29th Street. The site is currently occupied by seven single-family homes, which Lndmrk acquired for $20 million in October 2023.
PMG and Lndmrk plan to develop a 12-story condominium building with approximately 300 units. The building will also include amenities such as a rooftop pool, fitness center, and parking garage.
The Wynwood Norte neighborhood is undergoing a rapid transformation, with a number of new residential and commercial projects underway. The neighborhood is home to a number of art galleries, restaurants, and bars.
The Partnership Between PMG and Lndmrk
PMG and Lndmrk have a long history of working together. The two companies have partnered on a number of successful projects in the past, including the Society Wynwood, a 318-unit condominium project in Miami.
The partnership between PMG and Lndmrk is a good fit for this project. PMG has a strong track record of developing successful condominium projects, while Lndmrk has a deep understanding of the Wynwood Norte neighborhood.
The Wynwood Norte Neighborhood
The Wynwood Norte neighborhood is located just north of the Wynwood Arts District. The neighborhood is undergoing a rapid transformation, with a number of new residential and commercial projects underway.
Wynwood Norte is home to a number of art galleries, restaurants, and bars. The neighborhood is also close to a number of other popular Miami destinations, such as the Design District, Midtown Miami, and South Beach.
The Condo Market in Miami
The condo market in Miami is currently very strong. Demand for condos is high, and prices are rising. The strong condo market is being driven by a number of factors, including low interest rates, a strong economy, and an influx of new residents to Miami.
The Wynwood Norte neighborhood is a particularly desirable location for condominiums. The neighborhood is close to the Wynwood Arts District, Midtown Miami, and South Beach. It is also home to a number of art galleries, restaurants, and bars.
What the Future Holds for the Wynwood Norte Condo Project
The Wynwood Norte condo project is still in the early stages of planning. However, the project has the potential to be a very successful one. PMG and Lndmrk are two of the most respected real estate development firms in Miami. The two companies have a long history of working together and have a strong track record of developing successful projects.
The Wynwood Norte neighborhood is a desirable location for condominiums. The neighborhood is close to the Wynwood Arts District, Midtown Miami, and South Beach. It is also home to a number of art galleries, restaurants, and bars.
Overall, the Wynwood Norte condo project is a good one to watch. The project has the potential to be a very successful one, and it is a good sign of the continued transformation of the Wynwood Norte neighborhood.
Additional Thoughts
The Wynwood Norte condo project is just one example of the many new residential and commercial projects underway in the neighborhood. The neighborhood is undergoing a rapid transformation, and it is becoming one of the most desirable places to live in Miami.
The transformation of Wynwood Norte is being driven by a number of factors, including the neighborhood's proximity to the Wynwood Arts District, Midtown Miami, and South Beach. The neighborhood is also home to a number of art galleries, restaurants, and bars.
The Wynwood Norte condo project is a good sign for the future of the neighborhood. The project will bring new residents to the neighborhood and will help to further transform the area.
