KUSH Building In Wynwood Sells For $2.6 Million — PROFILE Miami
2003 North Miami Ave., a mixed-use property which is home to longtime Wynwood staple restaurant KUSH, has sold for $2.6 million. The transaction closed on March 25. Matt Kuscher, owner of Kush Property LLC, purchased the property from Michael Lilov. Both sides of transaction were overseen by Devlin Marinoff, Tony Arellano P.A. and David Richman of DWNTWN Realty Advisors.
The two-story mixed-use building totals 7,562 square feet on the highly trafficked North Miami Avenue corridor in Wynwood, which has been experiencing incredible development and corporate relocation activity. The building features three retail spaces and 10 studio apartment units on the second floor.
Kuscher brought his KUSH concept to Wynwood and quickly turned it into a Wynwood staple beloved by burger enthusiasts. KUSH Hospitality took home the coveted People’s Choice Award during the South Beach Wine and Food Festival’s 2021 Burger Bash, an annual competition that draws more than 30 chefs and restaurants from around the country. The gastropub is also a supporter of the neighborhood’s renowned art scene, displaying eye-catching pieces from local artists on its walls.
“Wynwood is entering a new era as a well-rounded professional, residential, dining and entertainment destination,” Marinoff said. “That shift is inspiring a flurry of investment activity. Established local investors are seeking to expand their holdings in Wynwood, while new-to-market players are eager to expand into the neighborhood.”