RedSky Capital obtained an $18.72 million construction loan to begin work on an office building in Miami’s Wynwood neighborhood, and also announced its first tenant.
Cube Wynwd, at 222 N.W. 24th St., will be one of the first modern Class A office buildings in Wynwood, which is best known for street art, dining and shopping. This is one of four developments there with office space, and the third to start construction.
Bank of the Ozarks (Nasdaq: OZRK) awarded the mortgage to Cube Wynwood SPE, an affiliate of Brooklyn, New York-based RedSky Capital. The 12-story building will have 76,356 square feet of office space and 11,155 square feet of ground-floor retail.