Developers are banking on the neighborhood to become the next big thing
View of Allapattah and Wynwood from Midtown. (Courtesy of Nicole Lopez-Alvar)
Real estate debt provider BGI Capital has recently structured a $2.4 million loan for the real estate investment company Bardisa Family Holdings to transform nearly two acres in Allapattah into a cultural destination. The borrower has plans to renovate two warehouses: one measuring 21,840 square feet and the other 7,676 square feet, plus, the surrounding land, to create the first concept of its kind in Allapattah.
The development, which consists of 30,000 square feet of warehouse space and 70,000 square feet of land, will include a South Florida-based distillery, four additional tenants that will comprise of food and beverage partners, and an event venue space for live music.
Read full article on Local 10 News: https://www.local10.com/news/local/2021/06/02/is-allapattah-the-new-wynwood-miami-developers-think-so/