The legacy of late developer Tony Goldman is taking shape in Wynwood, as his company is about to add offices, retail and apartments to the former warehouse district north of downtown Miami.
In Goldman's eye, each street in Wynwood was to play a specific role in the area's redevelopment. He had amassed a significant number of properties there in the last decade.
Goldman died Sept. 11 of heart failure. He was 68 years old.
This month, Goldman Properties, Wynwood's largest property owner, plans to start construction in the "adaptive re-use" of two aging warehouses along Northwest 26th Street. That street would connect Northwest Second Avenue, the heart of the district, to sleepy Fifth Avenue.
"It was always Tony's desire that 26th Street be like the Eight Street of the South Beach endeavor," said Marlo Courtney, Goldman Properties' managing director.
Eighth Street home of trendy stores including A/X Armani Exchange, Adidas, Diesel, Kenneth Cole and Banana Republic connects Ocean Drive to Washington Avenue in Miami Beach's Art Deco district. In the 1980s and 1990s, Goldman played a pivotal role in helping create and shape the Art Deco district. The South Beach moves followed Goldman's role in the successful revitalization of New York's Soho neighborhood in the late 1970s.
Now, after acquiring nearly 250,000 square feet of properties in Wynwood, Goldman Properties is again executing its late leader's vision. The company is now led by daughter Jessica Goldman Srebnick and son Charles "Joey" Goldman.
This month, the company will begin renovating a three-story, 17,000-square-foot shoe warehouse at 331 NW 26th St. The company plans to build eight rental apartments on the top floor, about 1,200 square feet of office space on the second floor and about 7,000 square feet of retail space on the ground floor, Courtney said.
The mixed-use project would be named Wynwood House. With a construction budget of $1.7 million, Wynwood House could open in mid-2013, he said.
These are the first residential units Goldman Properties is building in Wynwood, a mostly commercial area. Goldman said during a 2010 interview with the Daily Business Review that to make a neighborhood vibrant, people must live in it, not just visit or work there.