Hospitality On The Horizon: NoMad Residences Wynwood Secures $141.5 Million In Financing

Presenting the first residential concept from global hospitality brand NoMad Hotels, leading real estate developer Related Group and Manhattan based developer Tricap have secured $141.5 million in financing for the highly anticipated project. Related Fund Management provided a $51.5 million mezzanine loan while Kennedy Wilson, a global real estate investment company, provided a $90 million senior construction loan for the project. Pricing for NoMad Residences Wynwood begins at $600,000 with Fortune Development Sales as the exclusive sales partner. 

Located in Miami’s vibrant Wynwood Arts District, construction began in October 2023 following its September groundbreaking. With over 80% of its homes now in contract, NoMad Residences Wynwood is slated for completion in late 2025. Buyers will have the option to rent their homes to guests with the in-house property team set to manage the processes. 

Photo Credit: Imerza

The nine-story tower boasts an eclectic contemporary design crafted by South Florida’s Arquitectonica and interiors by the renowned DesignAgency. The collection of 329 residences ranges from studios to two bedrooms featuring floor to ceiling windows, private balconies, and open floor plans. With panoramic views of downtown Miami, residents can indulge in the fully-serviced pool and sun deck, private cabanas, and state of the art indoor and outdoor fitness lounge. The ninth floor presents the signature NoMad Library and Lounge for specially curated experiences and events. 

The property will boast world-class food and beverage offerings with a signature rooftop restaurant, The NoMad Bar, by James Beard Award Winner Leo Robitschek. Casa Tua Cucina will also be featured as an open kitchen concept for high-end social dining. Additional on-site highlights include a card room, private dining room, and expansive rooftop lounge. Furthermore, the space will showcase museum-quality works from the Jorge M. Pérez Collection with sections of the building commissioned to artists honoring Wynwood. 

Photo Credit: Imerza

Nick Pérez, President of Related's Condominium Division, shares that "this significant capital infusion is a testament to the strong investor confidence in Miami’s residential market and, more notably, [the] distinct vision for this hospitality-centric and lifestyle-driven development.”