CIM Group has begun construction of a mixed-use development on a 1.78-acre site at 2201 N Miami Avenue in the Wynwood district of Miami, Florida.
The mixed-use project includes approximately 27,000 square feet of street-level retail and studio space, approximately 60,000 square feet of office space, 257 apartment units and approximately 480 parking stalls.
Spanning a full city block bounded by NE 22nd and NE 23rd Streets, the site has approximately 250 linear feet of frontage on N. Miami Avenue to the west, and fronts the Brightline Rail to the east.
The development is well-positioned in Wynwood, a distinctive area in the urban core of Miami, nationally recognized as a center for arts, innovation and culture, as well as one of the major settings for Art Basel, and one of the world’s largest street art installations. The ground floor retail space will accommodate a variety of shops, cafes and restaurants, galleries or other businesses that desire a prominent location in Wynwood
The project is anticipated to be complete in mid-2021. CIM Group acquired the fully-entitled site in October 2018.