Wynwood Business Improvement District moves to expand

Miami /
Jul.July 14, 2016 03:00 PM

The Wynwood Business Improvement District’s board of directors unanimously backed plans to increase the size of the special taxing district, during a meeting Wednesday.

The expansion aims to incorporate dozens of properties that were previously left out of the BID, including a few parcels controlled by Wynwood’s largest property owner Moishe Mana, who has plans to build a miniature city near I-95.

The expansion will add about $300,000 to the BID’s coffers, which will pay for security, lighting, sanitation, marketing, and other amenities. The three-year-old Wynwood BID, which is governed by area landowners, also helped create the guidelines for the Wynwood Neighborhood Revitalization District, which governs future development within the booming arts district.

The BID expansion is far from being a done deal. The Miami City Commission is scheduled to rule on the new Wynwood BID at its July 29 meeting. After that, 51 percent of the property owners within the new map’s boundaries would have to vote to be a part of the Wynwood BID. Those property owners will have a chance to cast ‘yes’ or ‘no’ ballots over the course of five months.

Albert Garcia, vice chairman of the Wynwood BID, is confident that most of the owners of properties previously left out of the district will now want to be included.

“There is strong interest,” Garcia said. “They want to receive our services, securing, and planning efforts.”


Related Articles

arrow_forward_ios
From left: Steve Fifield of Fifield Companies (buyer and site developer); Tony Cho of Metro 1 (seller) (1Metro, Fifield Companies)
Chicago developer pays $20M for Wynwood dev site with plans for mid-rise apartments
Chicago developer pays $20M for Wynwood dev site with plans for mid-rise apartments
L&L Holding's David Levinson and Robert Lapidus, Carpe Real Estate Partners' Erik Rutter and David Weitz with a rendering of the project (James Corner Field Operations, L&L, Carpe)
Developers buy former Rubell site in Wynwood, plan major mixed-use project
Developers buy former Rubell site in Wynwood, plan major mixed-use project
Moishe Mana with the Shoreland Arcade at 120 Northeast First Street (Getty)
Moishe Mana buys historic downtown Miami buildings for $34M
Moishe Mana buys historic downtown Miami buildings for $34M
Moishe Mana, already downtown Miami’s biggest landlord, pays $25M for three more buildings
Moishe Mana, already downtown Miami’s biggest landlord, pays $25M for three more buildings
Moishe Mana, already downtown Miami’s biggest landlord, pays $25M for three more buildings
Forte Capital Management leads $6M acquisition of Wynwood building
Forte Capital Management leads $6M acquisition of Wynwood building
Forte Capital Management leads $6M acquisition of Wynwood building
Clockwise from top left: Steve Protulis Towers, 2000 Ocean condominium in Hallandale Beach and The Gateway at Wynwood (Photos via Allison Gross, Golden Dusk Photography and R&B Realty Group)
From Wynwood to Hallandale Beach, projects score TCOs prior to year’s end
From Wynwood to Hallandale Beach, projects score TCOs prior to year’s end
Nicolas Weinstein, President of Respark Residential and Alta Developers CEO Raimundo Onetto (Berkadia, LinkedIn via Onetto, Respark)
Respark Residential acquires Wynwood Bay apartment building for $67M
Respark Residential acquires Wynwood Bay apartment building for $67M
Inset: Jay Philip Parker, Alicia Cervera Lamadrid, Edgardo Defortuna
Real estate developers, brokers court Art Basel Miami Beach attendees
Real estate developers, brokers court Art Basel Miami Beach attendees
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...