Crunch Health and fitness and Large Go Properties’ Douglas Levine with aerial of 400 Northeast 67th Street (Major Move Qualities, Google Maps, Getty)
Crunch Health founder Douglas Levine is embarking on his hottest adaptive reuse task in Miami.
Levine needs to convert approximately 50,000 sq. ft of warehouses at 400 Northeast 67th Street, and an adjacent ton, into retail and workplaces with food and beverage uses, he advised The Genuine Offer. He bought the Minimal Haiti houses spanning 3.3 acres for $11 million from the tenant, indoor hydroponic sprouts farm Fullei Contemporary, in accordance to documents.
Fullei Refreshing is vacating the web page by May perhaps, Levine mentioned.
Levine’s program is in the early stages, but the undertaking marks his continued wager on retrofitting industrial real estate into retail and offices in Miami’s booming neighborhoods. In Wynwood, his done assignments incorporate Atrium @Trackside and MAD @Trackside in previous industrial properties on the northwest corner of Northeast 24th Avenue and the Florida East Coast Railway tracks.
Some of his jobs have been in Allapattah, in which he opened Allapattah Industry at 728 Northwest 29th Avenue. He also owns property in Tiny River.
In his other Minimal Haiti specials, Levine paid out $17.8 million for a pair of retail structures at 8200 Northeast 2nd Avenue and 201 Northeast 82nd Road previous calendar year. The offer came on the heels of his debut in Fort Lauderdale, wherever he purchased an workplace making at 1100 West McNab Highway for $15 million.
Right after promoting Crunch Physical fitness in 2001, Levine moved from New York to Miami Beach front and originally began infant products firm Fridababy. A couple decades afterwards, he purchased his 1st creating in Wynwood, according to his Massive Transfer Properties actual estate firm’s web-site.
Minimal Haiti, once the heart of Miami-Dade County’s Haitian community, has been swiftly gentrifying in the latest many years, as investors snapped up properties for redevelopment. Plaza Equity Partners, Lune Rouge and the project’s buyers, which includes Dragon Global’s Bob Zangrillo, strategy the 18-acre Magic City Innovation District. Ground-up development has not commenced considering the fact that the city approved the challenge in 2019, however various warehouses have been rehabilitated, and officials are reviewing design allow programs, according to the Miami Herald.
