Wynwood revitalization plan gets OK from Miami commission
by Brain Bandell
South Florida Business Journal
The city of Miami commission granted the first approval for the rezoning of the emerging Wynwood neighborhood as tens of millions of dollars of developer dollars have poured into the area.
Having gained international fame for its street art, Wynwood is in the midst of a transformation from a district of old warehouses and empty lots to buzzing restaurants, shops, and galleries. It’s located to the northwest of downtown Miami, just west of Edgewater.
The Wynwood Neighborhood Revitalization District (NRD) plan would allow greater residential density and height while encouraging the preservation of its signature warehouses. Residential density would be increased to 150 units per acre and units could be as small as 650 square feet, which would make them more affordable. Through buying Transfer of Development Rights (TDRs) from other properties in Wynwood, sites could be developed eight to 12 stories tall. The greatest density would be on North Miami Avenue, Northwest 29th Street and Northwest 20th Street.
The NRD was approved by a 3-0 vote on Thursday. If it passes at a second reading in September, the plan would be put into place.
“We are pleased and grateful for the approval of the City of Miami Commission,” said Joseph Furst, chair for the Wynwood Business Improvement District (BID) Board. “The NRD plan will ensure Wynwood’s continued evolution as a center for art and innovation for all of Miami’s residents and visitors—and we look forward to working with the City to implement it.”
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