Inside Wynwood’s Burgeoning Office Market
The former industrial district’s rezoning unlocked its full potential, making it a Miami household name that attracts companies from all over the U.S.
Roughly six years ago, the Miami City Commission granted its—unanimous—first approval for the rezoning of 205 acres in Miami’s Wynwood neighborhood. Fast forward to 2021 and the former industrial district is now undergoing a spectacular transformation, reshaping its identity into a 24/7 live-work-play location. But the district’s revitalization seems to have been set off in 2005 by the groundbreaking of a large-scale mixed-use development dubbed Midtown Miami. Situated across the Edgewater and Wynwood neighborhoods, the project enabled the creation of eight high-rise residential buildings, a hotel, two parks and a retail center. The area and its abandoned warehouses also piqued the interest of the arts community, with Wynwood ultimately evolving into an epicenter for murals and graffiti art. The neighborhood became a magnet for events, as well. In early June, Wynwood hosted the largest Bitcoin conference in the world, which relocated to Miami from Los Angeles. The two-day, sold-out conference was one of the city’s biggest in-person events since the onset of the pandemic, attracting tens of thousands of visitors from all over the globe and consolidating the metro’s status as an emerging tech and finance hub.