The Real Deal Miami

Goldmans bet on Wynwood revival

January 05, 2009 10:34AM

The Goldman family, which owns $35 million worth of Miami property in
the Wynwood gallery district, may be ready to begin transforming the
area, loosely defined as between 37th and 20th streets, with a railroad
and I-95 forming the eastern and western boundaries. Financing remains
hard to find in the current economy. Tony Cho, a commercial real estate
agent active in Wynwood and president of Metro 1 Properties in Wynwood,
said it could take as long as 10 years for a market recovery, and
carrying the properties will test the family’s long-term view on real