Monday, February 28, 2022

DWNTWN Realty Advisors’ Tony Arellano and Devlin Marinoff Close $11.5 Million Sale of Premier Commercial Development Site in Miami’s Wynwood

 

SOLD: Premier Commercial Development
 Site in Miami’s Wynwood District

MIAMI, FL, Feb. 28, 2022 – DWNTWN Realty Advisors Co-Founders and Managing Partners Tony Arellano and Devlin Marinoff, the premier investment sales and leasing brokers in Miami’s urban core, completed another successful property sale in Wynwood.

Tony Arellano

The duo represented the seller, Gabriele Braha Izsak’s Red Group, in the $11.5 million sale of a commercial development site at 328 NW 29th Street.


“This property is positioned within the pedestrian heart of Wynwood and at the intersection of two of the neighborhood’s most significant streets: NW 29th Street and 3rd Avenue,” Arellano said.

 

“The use of this building as a creative space and showroom will be perfectly executed by the buyer.”


Devlin Marinoff

The property features high lofted ceilings and quick access to highways. It is walking distance to some of Wynwood’s most notable projects and landmarks, including the 430-space Wynwood Parking Garage.

 

“This development site takes advantage of T6-8-O zoning, Wynwood's most liberal commercial zoning, allowing for development up to 12 stories for sweeping views of this unparalleled urban neighborhood, making it one of the best deals in Wynwood in recent years,” said Braha, Red’s President & Managing Partner.

 

The firm has participated in more than $350 million in investment and development sales in Wynwood over the last few years and has more than $175 million in pending transactions in the neighborhood.


Gabriele Braha Izsak

About DWNTWN Realty Advisors


Founded by seasoned real estate professionals Devlin Marinoff and Tony Arellano, DWNTWN Realty Advisors is a leading commercial real estate brokerage based in Miami. 


The firm’s brokers have an unparalleled depth of knowledge about the urban core neighborhoods and other markets they serve. 


DWNTWN operates with a unique territory-based approach, as each broker brings a specific product and market specialty to the firm. 

 

 

CONTACTS:

 

Eric Kalis

BoardroomPR

954-370-8999

ekalis@boardroompr.com

 

 

Hannah Colson

Senior Account Executive

 BoardroomPR

hcolson@boardroompr.com

O 954-370-8999 

C 954-258-2118

 

https://dwntwnrealtyadvisors.com/inventory.

www.dwntwnrealtyadvisors.com.


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