Related Group has purchased property in Wynwood with plans to build micro condo units.
PRH/Cho Dragon Wynwood LLC paid $12 million for land at 2828 NW 1st Avenue. The sale closed last week.
The developers recently obtained approval to build micro condo units on the property, with residences ranging in size from 416 to 892 square feet.
The project is to be called W House. It will include 182 residential units, 19,726 square feet of retail space, 26,600 square feet of office space and 283 parking spaces.
Arquitectonica is the architect.