Related Group and Metro 1 have obtained a $72.8 million construction loan to begin work on their Wynwood 29 project.
It is the fourth Related project in Wynwood to either break ground or obtain a construction loan, with at least two more planned.
Wynwood 29 will include two buildings – 12 stories (178 feet) and 8 stories, on opposite sides of the street, with:
A construction permit was applied for last year, and a utilities agreement for water and sewer service was also concluded last summer.
Tree replacement at the site began in March 2021.
PRH Cho Dragon Wynwood, LLC is the developer. The company is a joint effort between Related Group and Metro 1.
Arquitectonica is the architect.