The Billionaire Bet on Wynwood

Wynwood was once best known for warehouses, murals and street art. Today, it’s attracting billions of dollars from some of the wealthiest investors in Miami.

The Real Deal’s Iman Elshahawi joins Hannah Kramer and Lilah Burke to unpack the neighborhood’s rapid evolution following Ken Griffin’s $1.1 billion purchase of part of the Mana Wynwood portfolio. They discuss the arrival of major office, residential and retail projects; investments tied to Amazon, Adam Neumann and other tech billionaires; and the zoning changes that helped turn Wynwood into one of Miami’s hottest development markets.

They also look at what could hold the neighborhood back — including a 36 percent Class A office vacancy rate and some surprisingly significant transportation and infrastructure gaps.

Later, Hannah and Lilah examine how New York’s pied-à-terre tax is complicating multimillion-dollar divorces, the latest twists in a New York real estate family dispute, Floyd Mayweather’s dropped lawsuit against Jona Rechnitz and a $47 million arbitration involving Michael Stern, Silverstein and the Brooklyn Tower.