Morabito’s Wynwood office-retail project lands $35M construction loan, as office market slows

Morabito Properties advanced its Wynwood office-retail project with a $35 million construction loan, as looming doubts over the neighborhood’s office market viability persist. The Miami Beach-based development firm dropped $14.6 million for the Wyncatcher II project development site at 2150 Northwest Miami Court in Miami, according to Morabito’s spokesperson. Miami-based BridgeInvest provided the $35 million floating-rate loan, which both refinanced the construction loan for the project’s adjacent first phase, Wyncatcher I, and financed the construction of Wyncatcher II.

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