CIM Group sells mixed-use development in Miami’s Wynwood District

CIM Group has sold Strata Wynwood, a recently completed mixed-use development with 257 apartment residences, 60,300 square feet of creative office space, 27,040 square feet of retail and 474 parking spaces in the Wynwood Arts District of Miami.

The financial terms and the new owner were not disclosed.

Spanning a full city block along N. Miami Ave at NE 22nd and NE 23rd Streets, Strata Wynwood is designed with street-level retail, topped by three floors of office space and above them, two eight-story apartment towers. The contemporary apartments are offered in a variety of sizes and floor plans ranging from studios to three-bedroom units. Residents have access to an array of amenities, including a 24-hour fitness center, swimming pool with cabanas, lounge areas, grilling stations, open-air theater, music room and co-working spaces. The apartments, office and retail feature floor-to-ceiling windows that provide an abundance of natural light.