PMG and LNDMRK Development have secured $126 million in construction financing for their new condominium project, Twenty Sixth & 2nd Wynwood Residences, located in Miami’s vibrant Wynwood neighborhood. The groundbreaking has occurred, with completion anticipated in the latter half of 2028. The development is already experiencing strong sales, with 73 percent of units sold.
Key Takeaways
- $126 million in construction financing secured for Twenty Sixth & 2nd Wynwood Residences.
- The project features 233 condo units, extensive amenities, and ground-floor retail space.
- Located in Miami’s Wynwood neighborhood, with strong pre-sale interest.
Project Details
The eight-story building, designed by CUBE 3, will offer a total of 233 condominium units, including studios, junior suites, and one-bedroom units with dens. Each residence is designed with a dedicated office area, complete with conference spaces, lounge areas, and a kitchen. The development is strategically situated at 2600 NW Second Ave., providing convenient access to downtown Miami, Midtown, the Design District, Miami Beach, and Miami International Airport.
Amenities and Retail Space
Twenty Sixth & 2nd Wynwood Residences will boast over 32,000 square feet of indoor and outdoor amenities focused on wellness. These include a rooftop Sky Swim Lounge with a pool, cabanas, and bar; a glass house for meditation and yoga; a thermal circuit with steam, sauna, and cold plunge; an outdoor infrared sauna; and a spa center. Additionally, the project will feature 26,000 square feet of ground-floor retail space. ASG Equities, the seller of the development site, will retain ownership of the retail component and a minority stake in the residential portion.
Market Context
The Miami condominium market continues to show robust activity, with several other significant projects underway. Recent financing deals include a $360 million loan for the Icon Beach Waterfront Residences in Hollywood, Fla., and a $323.8 million loan for the Four Seasons Private Residences Coconut Grove in Miami.