One of the coolest areas in all of Miami is the Wynwood Arts
District. Established by a group of art
dealers and artists, this neighborhood was originally created as an arts
association as it tended to be the area where artists congregated and
worked. Since then, Wynwood has grown
into a thriving neighborhood.
Prior to its popularity, the Wynwood Arts District was a
neglected warehouse district filled with deserted and run down industrial
buildings. Developers saw the potential
and decided to design a full-fledged arts district that appealed to residents
and visitors who wanted a neighborhood with hip restaurants and bars as well as art galleries,
studios and unique retail shops.
Today, Wynwood has morphed into one of the largest, well-known arts districts in the country.
It is a common sight to see people meandering through art galleries and museums
or dining at many of the excellent restaurants dotting the neighborhood.
Highlights
of Wynwood
There are so many highlights in Wynwood with the most
obvious being the art galleries, studios and museums. At these venues, well-known artists from
around the world show some of their best artwork as do up and coming artists. Additionally, there is a wonderful display of
street art installed throughout the area. In fact, the street art displayed is
one of the largest in the world.
On top of the art influence, there are great restaurants in
Wynwood like the Wynwood Kitchen and Bar, Jimmy’z Kitchen, Joey’s, and others. People from all over Miami-Dade flock to
Wynwood for all it has to offer.
One of the most popular highlights is a venue called the
Wynwood Walls. Created by Miami real
estate innovator, Tony Goldman, the Wynwood Walls is another major art influence
in the area. Created in 2009, it is a complex of graffiti and murals by renowned street artists.
The adjacent Wynwood Doors opened a year later with 176 feet of roll-up
storefront gates painted on both sides to reveal a portrait gallery.
A very popular event is the community Art Walk held every
second Saturday of each month. Galleries,
art studios, alternative spaces and showrooms showcase art and other works
while providing music and refreshments.
The Second Saturday Art Walk also ushered in the Art Basel Fair.
Location of the Wynwood Arts District
Located just north of Downtown, the Wynwood Arts District is
adjacent to another up and coming neighborhood, Edgewater. Its borders are North 36th Street on
the north, North 20th Street on the south, I-95 to the west and NE 1st
Avenue on the east. The location of
Wynwood is ideal as it is just south of another neighborhood on the rise – the
Design District and north of the Performing Arts Center and the Downtown
area.
Wynwood Arts District Real Estate
Wynwood borders the Midtown area of Miami as well so when
searching properties, the two neighborhoods are often intermingled especially
with condominiums and multi-family properties.
Wynwood Arts District real estate offers a mix of single family homes and multi-family dwellings throughout the neighborhood.
Because it
is a revitalized neighborhood, many of the properties have either undergone or
need to undergo renovations and upgrades. This is such a cool area of Miami for residents who like a creative,
relaxed atmosphere. It accommodates many
buyers from first-timers to those who love to fix up homes and have
an eclectic taste.
Single family homes in the Wynwood Arts District are, for
the most part, in need of TLC – well, a little more than that. Depending on the location of the property and
the size of the lot, it is not uncommon for buyers to seek properties where
they can demolish the structure and build up the property with a multi-family
structure or even new construction single family home.
As for multi-family structures, most of the condominiums are
boutique buildings with loft-style units. Parc Lofts and Wynwood Lofts are two
very popular buildings with loft-style residences. A glimpse into a Wynwood loft shows large
open spaces with exposed pipes and beams as well as hardwood or concrete
floors. They have a lot of character and
are typically within walking distance to the galleries, restaurants and retail
shops.
In terms of statistics, the overall median sale price
typically falls in the mid-$300s depending on the timing. The entire range of list prices falls from under $200K to the millions. But, because of the growing popularity, list
and sale prices are destined to increase.
Wynwood’s Influence
Wynwood’s influence on the arts community is very evident
with its stellar reputation all over the world.
Its growing popularity is resulting in significant growth and it
becoming the part of Miami real estate where residents who want arts, culture and a diverse
atmosphere in which to live. Even though
it is new and different, Wynwood is definitely an influential part of Miami in
which businesses are destined for tremendous success.
