Hopes for Development as Epicenter of Urban Cool May be a Mirage
Some brokers say people in 2025 will see Wynwood as desirable as New York's Williamsburg or SoHo neighborhoods are now, and praise the investors who scooped up property at upwards of $1,000 per square foot for their foresight.
September 08, 2015 at 02:32 PM
6 minute read
To the hypemasters of the Miami real estate market, the miracle that is transforming Wynwood from an industrial zone to an arts district is akin to the eighth manmade wonder of the world.
The brainchild of a visionary developer, the neighborhood has catalyzed on the cache of revamped warehouses and street art, setting the stage for a new hot spot for urban cool.
In retrospect, people in 2025 will see Wynwood as desirable as New York's Williamsburg or SoHo neighborhoods are now and praise the foresight of investors who scooped up property at upwards of $1,000 per square foot.
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