Wynwood’s mixed-use development secures $88 million construction loan

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The Related Group, Lndmrk Development and Tricera Capital secured an $87.5 million construction loan for a mixed-use development in Wynwood.

The 12-story building, dubbed The Dorsey, will be built on the Northwest Third Ave. between 28th and 29th streets.

The development will include 306 apartments, with a majority between 500 sq. ft. and 620 sq. ft., with some as small as 400 sq. ft. The commercial space will be divided into about 33,000 sq. ft. of retail and 78,000 sq. ft. of office.

Arquitectonica is the project’s architect.

Construction is expected to complete in late 2021.

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