MIAMI—Wynwood Central, the first major ground-up, mixed-use commercial real estate development in Miami's Wynwood Art District, is rising from the dirt. As the district's first community space and connecting points for residents to gather, shop, work, and live, some are calling the $50 million project a game changer.

“We recognized that Wynwood needed a pedestrian-friendly, connecting point that offered additional services and amenities,” says Lyle Chariff, a spokesman for the developers, Marc Kovens and Shawn Chemtov. “Once it's completed, Wynwood Central will appropriately represent the future of one of the country's fastest growing neighborhoods and serve as a catalyst for its growth and vitality, enhancing the overall quality of life.”

Bold words, for sure. But it's not all hype. Wynwood Central will span about 385,000 square feet and include 69 live-work residences, along with 40,000 square feet of retail space tenanted with community needs mind. The project will also offer 50,000 square feet of mixed-use, showroom, office space, and commercial space for Miami's arts, technology and design sectors.