This Week in Miami Real Estate: Wynwood to be home to Miami’s first shared street

by Rincey Abraham

Wynwood will soon have Miami’s first true shared street — a “woonerf.” Inspired by the Dutch, Miami commissioners approved a contract with a Brooklyn firm to transform the Northwest Third Avenue right-of-way between Northwest 29th Street and 25th Street — located next to the famous zebra-striped Wynwood Building. Woonerfs typically include planters, landscaping and bollards to slow down drivers in order to include pedestrians and bike riders in the mix. See more of the proposed plans in the Miami Herald

In other Miami news: 

  • The highly anticipated One Thousand Museum luxury condo has officially reached its height of 62 stories, according to World Property Journal. Miami developers Louis Birdman, Gregg Covin, Kevin Venger and Regalia Group celebrated with a private rooftop event at the Frost Science Museum, which has a direct view of One Thousand Museum. The building is expected to be complete in late 2018. 
  • Heinrich von Hanau is launching sales for a new Fisher Island luxury condo, Palazzo Della Luna. The Real Deal Miami reports that this new luxury condo building is under construction next to Palazzo del Sol and is expected to be completed by summer 2019. Broker and owner of Luxe Living Realty Dora Pui is handling the sale of the building, which will feature units that range from 3,724 square feet to 10,194 square feet, with three to seven bedrooms. 
  • Described as “the Gold Coast’s sexiest mansion,” this mega mansion just hit the market at $5 million. Built in 2013, the location used to be occupied by an old beach house before it was torn down for the five-level industrial-style residence. NGU Real Estate’s Emil Juresic and Edward Smyth are marketing the property.
  • A new sale in South Coconut Grove set a record for the highest sales price and price-per-square-foot non-waterfront home so far this year. The property is located at 4131 Woodridge Road and sold for $2.35 million (or $565 per square foot). Michael Light and Andrew K. Becerra, Jr., of the Miami Luxury Homes Group at Douglas Elliman Real Estate sold the home. See photos of the property at Curbed Miami.
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