Developer Moishe Mana revealed that he’s moving forward with the Mana Wynwood Americas-Asia Trade Center & International Financial Center, a massive trade hub set to break ground by mid-2018.
The trade center will have more than 10 million square feet and is aimed at facilitating trade between China and Asia, Latin America, North America and the Caribbean, according to a press release. Phase one will have 4.68 million square feet of Class A office space, showrooms, retail, hotels and public space spread across 8.5 acres, and is part of Mana’s big plan for Wynwood.
Mana’s Special Area Plan spans more than 40 acres in the artsy neighborhood. Overall, Mana Wynwood encompasses 51,146 square feet of civic space, 3,487 residential units, 8,483 parking spaces, and a 2.5-acre privately owned park dubbed “Mana Commons.”
The trade center is expected to house importers and exporters, logistics companies, and trade and export agencies, and would be located along I-95, according to its website. The developer estimates that it could create about 20,000 indirect and direct jobs in South Florida. Miami’s trade industry already includes organizations like World Trade Center Miami.
The Miami City Commission approved the SAP in September. The Wynwood Business Improvement District and Mana agreed to split the developer’s 25-acre project into two phases. His trade-oriented towers along Northwest Fifth Avenue can only be built after receiving building permits for a large portion of the culture- and education-centric eastern half on Northwest Second Avenue, which includes the Mana Commons.
/The Real Deal