Midtown, situated between Downtown Miami and the Upper East Side includes the neighborhoods of Wynwood, Omni, Edgewater, Overtown, and Park West. These neighborhoods have undergone a dramatic gentrification with large investments and developments over the past 10 years. These new developments have brought renewed attention to the area, and previously abandoned warehouses have begun to be occupied by artists, restaurants, cafés, and lounges.
- Park West is a neighborhood of Greater Downtown, roughly bound by Biscayne Boulevard to the east, Northwest First Avenue to the west, Northeast 7th Street to the south and Interstate 395 to the north.
- Much of the neighborhood west of the Metromover will be developed into Miami World Center a major urban center containing a convention center, hotel, residential condo towers, and 765,000 square feet of retail. Plans for an enclosed Mall at Miami WorldCenter anchored by Bloomingdale’s and Macy’s, have been replaced in favor of an open air promenade shopping district. Demolition of buildings making up the former “club row” began in 2015 clearing the way for construction to begin.
- Overtown is a neighborhood of Miami, Florida, United States, just northwest of Downtown Miami. Originally called Colored Town during the Jim Crow era of the late 19th through the mid-20th century, the area was once the preeminent and is the historic center for commerce in the African-American community in Miami and South Florida.
- Now roughly bound by North 20th Street to the north, North Fifth Street to the south, the Miami River and Dolphin Expressway (SR 836) to the west, and the Florida East Coast Railway (FEC) and West First Avenue to the east.
- In recent years, both the city of Miami and Miami-Dade County have been actively working to revitalize and gentrify Overtown. In 2015, David Beckham announced that he had secured land in the neighborhood for a future Major League Soccer expansion franchise in Miami. The stadium will not be finished until 2018 at the earliest.
- Edgewater is a neighborhood located north of Downtown and Omni. It roughly bound by North 17th Street to the south, North 37th Street to the north, the Florida East Coast Railway and East First Avenue to the west and Biscayne Bay to the east. Just a couple of blocks above the Adrienne Arsht Center is Edgewater; a primarily residential neighborhood with towers by the bay. West of Edgewater you’ll find Wynwood, Miami’s booming art district.
- Edgewater is primarily a residential neighborhood, with many historic early 20th century homes. The neighborhood has many high-rise residential towers to the east along Biscayne Bay, and historic homes elsewhere in the neighborhood. Since 2000, the area has grown in popularity, due to its proximity to Downtown and neighborhoods such as the Design District. Recent developments in the neighborhood, have brought rapid urbanization to the area, with the construction of high-rise and mid-rise residential buildings, and more retail
- The Omni, or sometimes labeled as the Media and Entertainment District, is a neighborhood of greater Downtown, Miami, Florida, United States, just south of Edgewater. It is bound roughly by North 24th Street to the north, Interstate 395 to the south, by the Florida East Coast Railway and North East 2nd Avenue to the west, and Biscayne Bay to the east.
- Omni is an urban, residential neighborhood with many high-rise residential towers, as well as some smaller scale historic buildings. Omni is home to the Adrienne Arsht Center for the Performing Arts and the Omni International Mall.
- In the 2000s, rapid construction of high-rise residential skyscrapers has revitalized the neighborhood from urban blight. The area around Margaret Pace Park has seen large population growth from 2000 to 2010. Omni today has a large residential population, and with continued retail and residential construction in the neighborhood, has grown into its own unique neighborhood in the city.
- Wynwood is north of Downtown Miami and Overtown, and adjacent to Edgewater. Wynwood has two major sub-districts, the Wynwood Art District in northern Wynwood, and the Wynwood Fashion District along West 5th Avenue. Wynwood is roughly divided by North 20th Street to the south, I-195 to the north, I-95 to the west and the Florida East Coast Railway to the east.
- Tony Goldman, a New York developer also assisted in the growth of Wynwood by creating a mecca out of the already present graffiti. Some 30 artists traveled from around the world to create what is now the Wynwood Walls, this led to an incredible increase in other street art in the surrounding area. The large arts presence brought upon Miami what is conceived as a new Hipster neighborhood. Art and fashion are major elements of Wynwood, as Wynwood has a large fashion and textiles industry, primarily along NW 5th Avenue, in the Wynwood Fashion District.
- The Midtown Miami development construction began in 2005 between North 29th and 36th Street and Miami Avenue and the Florida East Coast Railway (FEC) on what was historically an FEC rail yard. Key developments that will affect Wynwood real estate transactions in the near future the stage is set for new acquisitions due to the finalization of the Neighborhood Revitalization District (NRD) plan, which outlines specific development goals; The expansion of the Business Improvement District (BID) boundaries, following the inception of the original BID area two years ago, will accelerate development as BID dues will be applied directly to Wynwood neighborhood’s enhancement, such as street beautification and security.
The go-ahead for the massive Mana anchor development site this year at the southwestern corner of the neighborhood will dictate development decisions as both pedestrian and traffic flows will be fundamentally and permanently altered asking prices for vacant land have remained high relative to actual current value, despite the downturn of the development cycle which would typically suppress prices.