Another big apartment project is under construction in Wynwood.
Society Wynwood broke ground earlier this year, according to a press release from the developers of the project.
A $142.3 million construction loan was just issued to developers PMG and partner Greybrook Realty Partners, according to the release.
Pacific Western Bank and Square Mile Capital issued the financing, with PMG represented internally by Andrew Warman, Lowell Plotkin and Jonathan Blank.
Society Wynwood will include 318 apartments and 50,210 square feet of commercial space between the ground floor and rooftop.
Tenants will be able to choose from renting an entire apartment or renting by the bed, as at other Society properties.
Amenities will include a pool deck, co-working lab, gym and fitness studio, entertainment lounges, yoga lawn, craft food and beverage operations, smart package lockers, app-based keys, and more.
Completion is scheduled for Spring 2023
Society Biscayne, the 49-story tower under construction nearby, remains on schedule to open in the first quarter of 2022, the developer said last week.