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Former Kushner Exec Buys Miami Development Site In Wynwood

New York developer Jenny Bernell picked up a site in Miami.

Bernell, former executive vice president of development at Kushner Companies, paid $19.1 million for the assemblage at 2000 North Miami Avenue and 2021 Northwest Miami Court in Miami’s Wynwood neighborhood. She acquired the 1.4-acre development site via her new company, Clearline Real Estate, according to the listing brokerage.

A firm linked to LGL Realty, led by waste management and recycling principals Charles Gusmano and Charles Lomangino, sold the land.

Metro 1 founder Tony Cho and managing director Andres Nava represented the seller, LGL Realty. The site was on the market for $21.5 million, Nava said.

Bernell is founder and CEO of New York-based Clearline, which has multifamily and mixed-use projects in Florida, New York, Tennessee and New Jersey. Its planned pipeline totals about 1,500 multifamily units, according to Bernell’s LinkedIn. She worked for New York-based Kushner for nearly seven years until she left in early 2021.

Clearline plans a mixed-use project on the site that will likely include apartment rentals. Nava said the assemblage is the last undeveloped property in the area with zoning for more than 300 units. The land’s T6-8-O zoning allows for 310 units and 12 stories of development under Wynwood’s NRD-1 overlay district.

The seller paid $5.6 million for the properties between 2003 and 2007, records show.

 

Source:  The Real Deal

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