Wynwood is Poised for More Growth

Apr 24, 2015

Article Courtesy of South Florida Business Journal

Wynwood is poised for more growth
Miami’s Wynwood neighborhood has seen hundreds of millions of dollars worth of investments in the last 12 months, said Joe Furst, chair of the Wynwood Business Improvement District. The area is poised for more growth, Furst says, and the new breweries, restaurants and retailers moving in are adopting Wynwood’s artsy aesthetic to maintain its identity. Furst told the Business Journal how he thinks new development will shape the neighborhood.
What’s new in Wynwood? The opening of 250 Wynwood, which is currently under construction, will add new retail, office and residential units to the area. The BID is also working with the city of Miami on a Neighborhood Revitalization District plan that will create new zoning guidelines for the area and encourage the development of small, affordable residential units, while protecting the unique character of the neighborhood. The goal of the Wynwood NRD plan is to ensure the neighborhood continues to grow, and the new businesses preserve the artistic and industrial character that have made the area so distinctive. New schools are opening in the district, the most recent being the Miami Advertising School, which relocated from Miami Beach.
What would the BID like to see more of in Wynwood? We would like to see more [of a] mix of residential options. Most of the space in Wynwood today is a mix of either owner-occupied or leased industrial buildings. There is also still a good amount of vacant land, about 35 percent.
What about tourism to the area?
Over 40,000 people came to Wynwood in March and, just last weekend, over 3,500 customers dined at Joey’s and Wynwood Kitchen and Bar. Visitors came from countries throughout Europe, South America and Asia.
What else is the BID focusing on to enhance the neighborhood? We’ve increased security and cleanliness on the street level to make sure Wynwood is enjoyable for visitors. Our executive director, Tom Curitore, manages a group that works daily to keep our streets clean. We also routinely hire off-duty Miami police officers to patrol the neighborhood. Wynwood has never been stronger or better positioned for its future.

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