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The market is adjusting to the higher interest rate environment, with cap rates correcting 100 to 150 basis points—and investment activity is heating up.
Navigating the challenges of a changing retail market, GlobeSt.com sought insights from Spence Mehl on the importance of landlord adaptability in advance of the upcoming ICSC Las Vegas conference.
The project, Wynwood 27 & 28 started construction in Q4 2021 and recently obtained its certificate of occupancy. At completion, the development will deliver 52,000 square feet of commercial office space, 33,000 square feet of ground-floor retail, 152 residential units and parking for 232 vehicles.