The luxury real estate scene in Wynwood, Midtown, and the Design District is booming. This has left local artists and pioneering developers searching for the next frontier of neighborhoods that offer more affordable properties to house up and coming cultural movements. Style makers have targeted Miami’s Little River Neighborhood for the next big Miami revolution.
Located a mile west of Biscayne Boulevard and the MiMo District, Little River currently serves as a home to weather worn businesses and a historically designated church. But more and more, developers are rolling up their sleeves to mask value, and the area is slowly picking up momentum as a hub for artists, swanky restaurants, and specialty businesses. On NW Miami Court, one of Little River // Miami’s future main streets, there’s a music production studio, a surfboard manufacturing shop, a sprawling gym frequented by professional athletes called Fast Twitch, and a warehouse, Fountainhead Studios, that serves as a base for 40 artists.
But this is just the beginning. Major developers with investment in the area, Jain and Vander Werff, say their plans involve packing Little River // Miami full of galleries, tech startups, restaurants, bars, art studios, and other unique businesses. Among their confirmed new tenants are Vanity Projects (a video gallery and designer nail salon from New York), Hot Satellite (a pizza establishment from Los Angeles), Bill Brady Gallery (a contemporary gallery founded in New York), FJ Company (a car restoration business specializing in Toyota J40 Land Cruisers), and a mysterious cocktail bar that’s TBA.
On the surface, this sounds rather similar to the evolution of Wynwood. But the price per square foot differences between the two neighborhoods keeps them worlds apart. Rents in Little River stand around $12 per square ft while Wynwood asks between $20-$60. The article cites multiple real estate experts who forecast great things for the area as buyers look for cheap options in the next development cycle. It also mentions the underlying community appeal offered by the ethnic footprint that the Haitian community left there. Find the full description of this community transition in the Biscayne Times here. I look forward to keeping you updated on opportunities – reach out for a confidential consultation.
Susan Gale is the leading luxury estate agent specializing in commercial real estate, boutique hotels, and stunning residential properties in Miami Beach. She has over 25 years of experience and a sales track record of over $1 billion in sales, that has given her global cache as a luxury real estate leader. Contact us today, we look forward to working with you.