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| Jilliene Helman |
MIAMI, FL -- A $10 million crowdfunding campaign has been launched to develop Mohawk at Wynwood in Miami, FL.
As
Miami real estate gets hotter and hotter - with the likes of Peter Thiel
recently relocating his VC firm to the sunshine state - Mohawk will be a $100 million development.
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| Diego Ojeda |
The
project is planned to transform 1.5 acres in Wynwood, Miami into a 225-unit,
12-story, luxury multi-family building containing 220,750 sf of leasable square
feet with 22,000 sf of prime ground floor retail.
Jilliene Helman is the CEO of
RealtyMogul. Diego Ojeda of the Rilea Group is the creative force behind
this project. Wynwood has partnered with RealtyMogul to crowdfund the financing
of this development.
$10 million of the project's $100 million price-tag is being raised via RealtyMogul, one of the top real estate crowdfunding platforms with a community of over 200,000 investors across a $2.8 billion portfolio that includes over 15,000 multifamily units.
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Rendering for a planned 225-unit, 12-story, luxury multi-family building containing 220,750 sf of leasable square feet
with 22,000 sf of prime ground floor retail
in Wynwood, Miami, FL
The developer is Rilea Group, with a 40-year track record of successful developments in South Florida.
The project will provide not just residences, but a turn-key lifestyle, built-in social scene, art, yoga, activities, food and culture to those who live there.
Located at the crossroads of Miami’s trendy and bourgeoning
Wynwood and Midtown neighborhoods, Mohawk
will be bringing much-needed units to an area where housing demand far exceeds
supply.
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| Peter Thiel |
The mechanism being used to finance this development is equally innovative: crowdfunding.
As
this pandemic continues to drive residents to flee California and New York for
Florida, a wave of new Miami residents is driving this real estate boom.
CONTACT:
Lauren Estes
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