Moishe Mana plans to spend more than $20 million to rebuild the former RC Coke factory in Wynwood, a step forward for a long-suspended vision for his Miami Arts District portfolio, real deal Learned.
The project will include an indoor food hall with nine tenants, a 100-foot bar on both sides, outdoor space for food trucks, beer gardens, retail, event space, and 10,000 square feet of parks and gardens at 550 Northwest 24th Street , according to RC Cola program directors Mana and Thomas Martin.
Called Mana Wynwood @RC Cola, the project is more of a repurpose than a new development. While two small buildings will be demolished to make way for a loading and unloading area as per city requirements, the rest of the site and all of the murals will remain, Martin said.
Mana bought the 2.7-acre RC Coke factory in 2010 for $2.1 million, according to records. Since then, he has operated it as a concert venue. The 145,000-square-foot venue will continue as such and will include outdoor event space and 10,000 square feet of indoor seating and stage space.
“We will invest in [on] In the evening we have outdoor music for concerts. During the day, it will be a place for families to visit,” said Mana. “It’s been a real undertaking. ”
The developer’s company, Mana Common, has narrowed down the list of potential tenants to 20 but has yet to sign leases, Martin said. One retailer will sell RC Cola themed and Wynwood themed merchandise. The remaining retailers are expected to take turns selling event-related merchandise.
Renderings show the main entrance mimicking the look of a subway station, complete with graffiti sculptures of subway cars.
“It’s an ode to the original tagging community, when the tagging community used to tag on subway trains. That was their canvas,” Martin said.
Work is expected to start soon and is expected to be completed by December next year.
This item follows Mana’s acquisition of $275 million Partial line of credit for December winwood Portfolio, including RC Coke Factory and other properties near the Mana Wynwood Convention Center. Financing does not include conference center.
Mana declined to say how he financed Mana Wynwood @RC Cola and whether it was through a line of credit.
“I have a way. I have my money. I’m not poor,” he said.
The RC Coke factory is separate from the Wynwood property he received a special area plan, or SAP designation from the city in 2016. Plans for the project call for the Mana Wynwood Americas-Asia Trade Center and International Financial Center, as well as cultural and education-focused components.
Next, Mana Common plans to reveal more details and details about the SAP assets, but the timeline for the announcement is unclear, Martin said.
Mana is right downtown miami Real estate, about $5 billion was spent on properties on and around Flagler Street.Total Portfolio 1.3 million square feet Across approximately 70 buildings.
