PMG, in partnership with Greybrook, has successfully secured $178 million in refinancing for the Society Wynwood mixed-use project. The 10-story development is located at 176 NW 25th St in Miami’s vibrant Wynwood Arts District. Eastdil Secured played a key role in arranging the financing, which was provided by Ares Management and Monarch Alternative Capital.
The recently completed Society Wynwood boasts a total of 318 rental apartments and over 50,000 square feet of retail space on its ground floor. The property offers both traditional units as well as “Rent-by-Bedroom” (co-living) options to cater to different lifestyles. Its impressive amenity package spans over 82,000 square feet and includes a rooftop pool deck with an outdoor gym and an indoor gym for residents’ convenience. Rental prices range from $1,880 to $5,970.
In addition to its residential offerings and amenities, the internal ground floor courtyard also features multiple dining options for residents’ enjoyment.
With more than three decades of experience under their belt,PMP has delivered over $12 billion worth of assets across the country while maintaining high standards of design and execution.Their latest success with securing refinancing for Society Wynwood further solidifies their reputation as leaders in real estate development.
