Developers Plan Mixed-Use Project Across From Midtown (Updated)

Wharton Equity Partners and and Mack Real Estate Group are planning a 500,000 square foot, 195-unit project across from Midtown Miami on land that abuts I-195.

The partnership paid $9 million for the property earlier this year, along with an undisclosed amount to contract flipper Terra Group.

Terra had plans for a retail project called The District 36. The new plans will also include a significant amount of retail space.

 

Wharton Equity, in partnership with the Mack Real Estate Group, is in the process of designing an approximately 500,000 square foot, 20-story mixed-use development project at the nexus of Midtown, Wynwood and the Design District in Miami. The property is slated to contain 195 residential units, with such amenities as dog-walking areas, deck-top pool, health club facility, and social lounges. In addition, there will be over 50,000 square feet of retail space at the base of the building, as well as two restaurants. Consistent with all Wharton Equity projects, the property will have a distinctive design…

 

Update: The project is being designed by architect Kobi Karp (see rendering below)