Artsy Wynwood Garage secures $22M in construction financing

Another artsy Miami garage is rising in the form of the Wynwood Garage, with Holliday Fenoglio Fowler, L.P. announcing it has secured $22 million in construction financing on behalf of developer Goldman Properties for the mixed-use development in the flourishing neighborhood north of downtown Miami.

Within Wynwood’s first public parking garage will be 430 parking spots, 30,000 square feet of Class A office space, and 23,000 square feet of ground-floor retail. The architect is Wolfberg Alvarez. The unique façade designed by California-based Faulder’s Studio will have the ability to alter its appearance by swapping in and out art via a removable film.

Wynwood currently only offers parking along the street or in lots.

The eight-story garage will officially break ground this week, along Northwest Third Avenue between Northwest 26th and 27th Streets near Zak The Baker. It’s expected to be completed by Fall 2018.