Loan Approval Leads Way to Mixed-Use Project in Miami’s Wynwood Arts District

After securing a $142.3 million construction loan, developers PMG and Greybrook Realty Partners will proceed with plans to build the 10-story Society Wynwood mixed-use project at 2431 NW 2nd Ave. The loan will help finance the project, which began construction earlier in 2021.

“We are thrilled to expand our relationship with these top lenders beside our partners at Greybrook to create a premier living and entertainment destination on the most prominent block in Wynwood,” says Ryan Shear, Managing Partner at PMG. “Miami and the Wynwood market are close to our hearts as a team of passionate locals. With the incredible success we’ve experienced at Society Las Olas in Fort Lauderdale and Society Biscayne slated to open in early 2022 in Downtown Miami, Society Wynwood will be the third social apartment community in South Florida under our rapidly expanding Society Living national brand. Society Wynwood will provide a community-driven living experience and attainably-priced housing that reflects the vibrant energy and positivity of the surrounding neighborhood.”

The development is expected to be completed by the spring of 2023, featuring 318 rental apartments and 50,210 square feet of commercial space between the ground floor and rooftop. Layouts for the units will provide a mix of traditional units with efficient designs and “Rent-by-Bedroom” (co-living) options. Amenities feature an expansive pool deck, co-working lab, modern gym and fitness studio, entertainment lounges, yoga lawn, craft food and beverage operations, intelligent package lockers and app-based keys.

“Securing this construction loan for Society Wynwood further proves the strength of the Society Living portfolio and the appeal of social apartment communities,” Sami Mouaket, Director, U.S. Investments & Development at Greybrook Realty Partners. “Society Wynwood’s turnkey rental options, premium amenities and curated event programming deliver an attractive investment opportunity for investors and will provide outstanding quality of life for future residents.”

For more information, please visit Societyliving.com

You May Also Like

PulteGroup Reveals Single-Family Community in Broward County

The national home builder purchased a 30-acre development site in Davie.

PMG Unveils One Twenty Brickell Residences 

The property will feature dedicated office suites and over 60,000 square feet amenities.

Discover This Stunning Three-Story Mediterranean Estate in Seven Isles

A gated three-story Mediterranean estate awaits, promising a world of grandeur that is truly unparalleled.

Forman Capital Provides $9.7 Million Refinancing Loan for Ultra-Luxury Spec Home in Palm Beach

The transaction aims to refinance the existing debt on the listed property.

Other Posts

Downtown Miami Condo Towers Begin Construction

The soldout property will include 606 turn-key residences, free of rental restrictions. 

More Than a Fat Chance

The development incorporates a mix of residential units, commercial establishments, and innovative workspaces to cultivate a dynamic and flourishing cultural center.

Compass Looks for Top Spot in Palm Beach County

Compass Florida doesn’t show any signs of relinquishing its No. 1 position in market share in South Florida. It has opened a new office in downtown Delray Beach and relocated

Newgard Development Group Unveils Plans for Newest Lifestyle Project: Natiivo Fort Lauderdale

The 40-story, 384-unit high-rise in downtown is designed for short-term rentals.

Drew Limsky

Drew Limsky



Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.