ACRES has acquired a $36.95 million loan to refinance the development of Wynwood Walk, a retail property in the Wynwood Arts District, located in Miami, FL.
This development will include:
• A retail property consisting of three single-story buildings and one two-story building, built in phases from 1945 to 2020
• 10 tenant spaces ranging from 630 to 17,616 SF, with a rooftop terrace on the second floor of Building 4
• Currently 95% leased, the property has a variety of tenants, including restaurants and retail, and is well-connected with access to highways, downtown Miami, and surrounding amenities
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