© Maya Hayuk

Growing Wynwood Investment

During the past two years, large tech and venture companies relocated to South Florida, fleeing high-tax locations. The Wynwood BID has been positioning the neighborhood to grow in stature to become a 24/7 mixed-use community. A short list of companies already committing to office space in Wynwood includes Founders Fund, Spotify, Technology  SA, Blockchain.com, and Pricewaterhouse Coopers.

New projects still under construction, opening soon or in the near future include the Arlo Wynwood, the area’s first of its kind, and scheduled for a November 1 launch. It pays homage and builds on the neighborhood’s artistic legacy. Another hotel, the Moxy Hotel Wynwood, had construction topped off about a month ago. Both Wynwood Works, mixed-income housing, a collaboration with Magellan Housing and the Miami Heat’s Udonis Haslem, and Diesel Living Wynwood projects, are currently in discussion with the City of Miami and the BID to participate in the Wynwood Public Benefit Trust Program. The Wynwood Design Review Committee (WDRC) recently approved the Fisher Brothers’ development plans and their new residential project.

New investors and established businesses are working together to build a stronger community open to the full spectrum of economic diversity. The area attracts young families striving for work/life balance, tech workers seeking a work/play place to live, and independent retail owners offering goods that fit into the established authentic, energetic, and creative vibe. Wynwood’s wide range of bar and restaurant options serve to satisfy a wide range of gourmet to street-food appetites.