Where retail demand will reshape Wynwood after Ken Griffin’s $1B megadeal

Wynwood is poised for its next act, but how will that affect the neighborhood’s retail real estate landscape? Ken Griffin’s $1.1 billion purchase of Moishe Mana’s 35-acre Mana Wynwood assemblage, which will bring a Carnegie Mellon campus and thousands of students to the neighborhood, is expected to drive up Wynwood’s retail demand and rents in a market where leases on blocks surrounding the future campus are already marketed at over $100 per square foot, and retail properties are listed for more than $70 million. The district has evolved over the past decade from a neighborhood dominated by mom-and-pop boutiques and […]

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