By: Ismael Rodriguez
New York-based Thor Equities secured the financial means to begin construction on its planned retail and restaurant development, Wynwood Walk.
The developer bought 2.3 acres in the neighborhood and later garnered the approval of the Wynwood Design Review Committee in May to move forward with the project at 2800 Northwest Second Avenue.
Bank of the Ozarks provided the construction backing for the developer, according to what a bank spokesperson told the press, but declined to state the exact amount provided by the bank.
The developer plans to build a two-story, mixed-use building with 20,400 square feet of commercial space and renovate three warehouses with another 36,884 square feet of commercial space. The development will span between Northwest 28th Street, Northwest 2nd Avenue and Northwest 29th Street.
The development, designed by Oppenheim Architecture, will feature 63,000 square feet of retail and restaurant space, including 6,000 square feet on a green rooftop, a walkway and outdoor seating on the landscaped terrace.
The construction is expected to begin this week and is scheduled for completion in November 2018, according to what a Thor spokesman told the press. George Stanchfield will handle the leasing, although no contracts have yet been signed.