News

RED Group sold the 21,000 SF assemblage located at 328-342 NW 29th Street in Wynwood, Miami to “UOVO fine art storage”, a New York City-based art storage space provider that specializes in safeguarding high-value fine art, fashion, interior design, and archival collection.

RED Group acquired the properties in 2016, subsequently adding value and stabilizing the property with Class A tenants such as Sonder.

This development site, commented Gabriele Braha Izsak, RED’s President & Managing partner, takes advantage of T6-8-O zoning, Wynwood’s most liberal commercial zoning, allowing for development up to 12 stories for sweeping views of this unparalleled urban neighborhood, making it one of the best deals in Wynwood in recent years.

In addition, the assemblage is just a stone’s throw from the incoming Woonerf pedestrian plaza soon to line 3rd Ave, where RED group has a separate development project in the pipeline.