First new Wynwood
completed this cycle
Two units at 250 Wynwood have sold for an average price of $535 psf
The first of what boosters envision will ultimately be a series of new condo towers in the rapidly emerging Wynwood Arts District neighborhood of Greater Downtown Miami has been completed since this South Florida real estate cycle began in 2011.
Developed by Wynwood 250 LLC with David Polinsky and Bradley Carlson, the new 250 Wynwood condo project is a six-story building with 11 residential units located in the 200 block of Northwest 24th Street in the Biscayne Boulevard Corridor of Greater Downtown Miami, according to Miami-Dade County and Florida Division of Corporations records.
Buyers have purchased two units in the 250 Wynwood project for nearly a combined $1.8 million, or an average price of $535 per square foot, since the first transaction was recorded on Oct. 7, according to government records.
The individual sales have been recorded at $680,000 for an average of $461 per square foot for unit 2C and nearly $1.1 million for an average of $595 per square foot for unit PH B, according to government records.
As of Monday, no condo units in the new 250 Wynwood project are on the resale market, according to data from the Southeast Florida MLXchange.
The 250 Wynwood project is one of 71 new condo towers with more than 21,400 units announced for Greater Downtown Miami during this real estate cycle, according to …
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