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| The Bradley Apartments, Wynwood Neighborhood, Miami, FL |
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| Scott Wadler |
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF)
announces financing totaling $53.175 million for the development of The
Bradley, a mixed-use residential and retail property in Miami’s Wynwood
neighborhood.
Working on behalf of the developers, a partnership between The
Related Group and Block Capital Group, the HFF team secured a $33.175 million
construction loan from Santander Bank and $20 million in preferred equity from
Greenstreet Real Estate Partners, L.P.
The Bradley is situated in the southeast end of Wynwood and is
walkable to the neighborhood’s main retail strip on NW 2nd Avenue.
The mid-rise
development is designed by Kravitz Design and will comprise 175 residential
units along with approximately 32,000 square feet of ground-floor retail
space.
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| Jesse Wright |
The project is located at 51 NW 26th Street
proximate to Wynwood 25, which is also being co-developed by The Related
Group. HFF sourced construction funding for that project in May of last
year.
The HFF debt placement team included senior director Scott
Wadler and associate Jesse Wright.
“The Bradley, along with Related’s other Wynwood properties, are a
preview of what’s coming to the neighborhood,” said Jon Paul Perez, vice
president for The Related Group.
“For a long time, Wynwood was seen simply as
a weekend destination, but now the influx of high-quality residential and
mixed-use options is driving the community’s transition into a true 24/7
neighborhood. We look forward to continuing work with our partners to
help the neighborhood reach its full potential.”
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| Jon Paul Perez |
“The Bradley’s central location between Wynwood and Midtown will
further connect and densify the neighborhoods,” Wadler said. “We are
excited to see how Wynwood evolves as the first institutional-quality
apartments are delivered in the area.”
For more
information, please contact:
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3500
