Thor Equities is beginning construction on its planned retail and restaurant development Wynwood Walk, after securing construction financing, The Real Deal has learned.
New York-based Thor won approval from the Wynwood Design Review Committee in May for the project at 2800 Northwest Second Avenue, to be built on 2.3 acres the firm owns in the artsy neighborhood.
The developer recently scored construction financing from Bank of the Ozarks, a bank spokesperson confirmed, but declined to provide the amount.
Thor plans to build a new-two story building with 20,400 square feet of commercial space and renovate three existing warehouses with another 36,884 square feet of commercial space on the property it owns between Northwest 28th Street, Northwest Second Avenue and Northwest 29th Street.
When completed, Wynwood Walk, designed by Oppenheim Architecture, will feature a total of 63,000 square feet of new retail and restaurant space, including 6,000 square feet on a green rooftop, with a paseo and a landscaped terrace with outdoor seating. It will have 300 feet of frontage on Northwest Second Avenue.
A Thor spokesperson said site work is beginning this week, and construction is scheduled to be completed in November 2018.
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Source: The Real Deal