CIM Group Disposes Mixed-Use Development Spanning Miami City Block
May 24, 2023
CIM Group has sold Strata Wynwood, a recently completed mixed-use development with 257 apartment residences, 60,300 square feet of creative office space, 27,040 square feet of retail and 474 parking spaces in the Wynwood Arts District of Miami, FL. The company co-developed Strata Wynwood with One Real Estate Investment.
Spanning a full city block along N. Miami Ave at NE 22nd and NE 23rd Streets, Strata Wynwood is designed with street-level retail, topped by three floors of office space and, above, two eight-story apartment towers.
The Wynwood Arts District has emerged as a developing technology and venture capital hub as well as a center for art, fashion and creative enterprises. Strata Wynwood is situated on a north-south corridor with access to I-195 and I-395 and is within minutes to the Design District, downtown Miami, Midtown and Edgewater.
CIM is an owner and co-developer of part of the master planned 27-acre mixed-use Miami Worldcenter project.
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