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Wynwood Dev Site with Retail Building Lists for $25M


Asi Cymbal and 3466 North Miami Avenue (Google Maps)
A development site with a fully leased retail-office building in Miami’s newly anointed Wynwood Norte district hit the market for $24.5 million.
An investment partnership led by Cymbal Development is selling the 1.4 acres at 3452 and 3466 North Miami Avenue, 20 and 34 Northwest 35th Street, and 28 and 29 Northwest 34th Terrace, according to a release. Property records show the lots were assembled in 2002 and 2003 for $1.9 million.
Real estate developer and financier Cymbal Development, led by Asi Cymbal, is headquartered at the property and will keep its base there once a deal closes, according to listing agent Jeff Cohen of Brown Harris Stevens. ....

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