Whale & Star Wynwood LLC is looking to transform a commercial property into a mixed-use hospitality development in Miami, Florida, according to a report from the Commercial Observer.

The developer, which originally paid $24 million for the property, has now proposed to transform the building located at 2215 NW First Place into 214 hotel rooms and 87 multifamily units, plus 11,350 square feet worth of commercial space.

The hotel rooms will be located on the second and fifth floors, while the residential units will be on the top floors. The rentals will range from 406 to 1,420 square feet and hotels span from 220 to 440 SF.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.