A company linked to prolific Wynwood developer Moishe Mana acquired two commercial buildings at 380 and 320 Northwest 26th Street in Wynwood for $24.5 million on or before July 20, 2026, topping South Florida's commercial transaction rankings for that week.

What exactly sold and who were the parties involved?

The two buildings — at 380 and 320 Northwest 26th Street — together span 13,000 square feet and currently house restaurant Pastis and design brand Apparatus as tenants. The seller was a New York-based company connected to investor David Edelstein, and the buyer was an entity affiliated with Moishe Mana, one of the most active and well-known property owners in the Wynwood neighborhood.

  • Combined square footage of both properties: 13,000 square feet
  • Tenants in place at closing: Pastis (restaurant) and Apparatus (design brand)
  • Sale price ranked as South Florida's top commercial deal for the week ending July 20, 2026

Why does Moishe Mana keep buying in Wynwood?

Moishe Mana has assembled one of the largest private land positions in Wynwood over the past decade, betting that the neighborhood's transformation from an industrial warehouse district into a dining and design destination would generate long-term value. The $24.5 million Northwest 26th Street acquisition deepens that footprint along a commercial corridor that has attracted both independent operators and nationally recognized brands.

  • Wynwood has evolved into a recognized dining and design destination, drawing institutional and private capital
  • The NW 26th Street corridor sits within Wynwood's core commercial zone
  • Tenants Pastis and Apparatus represent the upscale hospitality and design sectors now anchoring the neighborhood

What does this sale signal for Wynwood's commercial real estate market?

The $24.5 million price tag for 13,000 square feet — roughly $1,885 per square foot — reflects sustained institutional confidence in Wynwood's ability to command premium valuations for well-tenanted commercial assets. The transaction demonstrates that investors outside South Florida, including New York-based sellers like the Edelstein-connected entity, have been willing to enter and exit the Wynwood market at significant profit windows as the neighborhood matures.

  • Per-square-foot implied pricing exceeds benchmarks typical of many Miami suburban corridors
  • Out-of-market sellers participating in Wynwood deals signal broad investor recognition of the neighborhood's value
  • Continued consolidation by a single major landowner like Mana could influence future lease rates and development direction along NW 26th Street

What should Wynwood residents and businesses watch next?

As Moishe Mana's land holdings in Wynwood grow, the neighborhood's small-business tenants and cultural institutions face a landscape increasingly shaped by a single dominant property owner. Mana has publicly articulated long-term mixed-use development ambitions for his Wynwood portfolio, meaning properties like those on Northwest 26th Street could eventually be repositioned or redeveloped once existing leases expire.

Original reporting on this transaction was published by The Real Deal Miami.