A homeless shelter in Wynwood is using the area’s rapid gentrification to secure its financial future.
The Miami Rescue Mission — based in Wynwood since the 1970s, long before the neighborhood became a hipster hangout — plans to sell three parcels of land at an asking price of $22 million. That’s just a million dollars shy of the shelter’s annual operating budget.
“It’s kind of bittersweet because we’ve been in the area for many years,” said Rev. Ron Brummitt, president of the Miami Rescue Mission and the Broward Outreach Centers. “But we’re sitting on a lot of valuable property and if we sell we’ll be able to do even more things in the community in terms of affordable housing and refurbishing our buildings and putting away some money for a rainy day.”
The land for sale includes the Rescue Mission’s administrative offices, two thrift stores and a center for women and children who have been victims of domestic abuse. The shelter will negotiate to stay in the buildings for twelve months after a sale so that it has time to relocate.
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“We’d love to find a small apartment complex or an old hotel somewhere that can serve even more women and children,” Brummitt said.
In the same area, the nonprofit also operates a shelter for men with more than 350 beds, a soon-to-open private elementary school, a health clinic and several other facilities. Those properties won’t be sold, Brummitt said, unless a buyers offers “crazy money.” The group also runs shelters in Hollywood and Pompano Beach.
The Wynwood parcels span three blocks on the 2200 block of NW 1st Ave. and NW 1st Ct. Each parcel can be purchased separately.
Dave Colonna of FIP Realty, who is handling the sale, said interest in the land has been strong.
“Our hope is that residential and mixed-use developers will come in for this,” Colonna said.