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Wynwood Apartment Building Converts To Short-Term Rentals

An apartment building in Miami’s Wynwood has converted into short-term rentals under the new-to-market Sentral brand.

Denver-based Sentral launched in 10 locations across the country July 20, including Sentral Wynwood. The 175-unit building at 51 N.W. 26th St. was previously known as the Bradley Wynwood.

Residents can opt for a traditional monthly rent or pay by the night for up to 29 days.

Miami-based developers The Related Group and Block Capital Group sold it for $77 million in February to an affiliate of San Francisco-based Iconiq Capital. The Sentral platform is backed by Iconiq Capital with an investment of more than $500 million.

At Sentral Wynwood, 75 units are immediately available for monthly residents and the remaining 100 units will be for short-term rentals this fall. Residents can also rent their apartments out while they are out of town.

 

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Related Group, Block Capital Sell Wynwood Building For $77M

The Related Group and Block Capital Group sold the Bradley Wynwood mixed-use building in Miami for $77 million.

The five-story building, at 51 N.W. 26th St., was sold to ICONIQ Capital, a San Francisco-based investment fund with over $3 billion in real estate under management. It has 175 apartments, about 36,000 square feet of retail, and more than 300 parking spaces.

The sale was brokered by Jaret TurkellRoberto PesantScott Wadler and Omar Morales of Berkadia.

 

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