Premier national development firm PMG and Canadian-based private equity firm Greybrook have successfully secured a whopping $178 million in refinancing for Society Wynwood, the bustling apartment community in Miami’s Wynwood Arts District. Arranged by Eastdil Secured, funds were managed by Ares Management and Monarch Alternative Capital. PMG was represented by Randy Barcelo of Stearns Weaver Miller.
Photo Credit: Society Wynwood Since Society Wynwood welcomed its first residents in March, the property has experienced an exponential leasing velocity. Featuring 318 rental apartments and a generous 50,210 square feet of retail space, the property captures residents, locals, and visitors alike across a full city block. The residential offerings present a mixture of traditional units built with efficiency in mind as well as the option for innovative co-living “Rent-by-Bedroom” opportunities.
The internal ground floor courtyard offers a vast variety of dining options for residents as well as guests. As a vibrant addition to the neighborhood, Society Wynwood serves as the perfect amalgamation between premier retail opportunities and contemporary living. The property boasts an extensive amenity package encompassing over 82,000 square feet of community-focused spaces.
These centralized areas include a coworking hub, private conference rooms, and state of the art gym. Stepping outside, additional upscale amenities include a rooftop pool deck, outdoor gym, yoga terrace, theater la.