It's been happening for a while.
The rent in Wynwood has doubled, tripled, and even quadrupled in some places, forcing many gallerists to move elsewhere. The issue is has divided the community, as a recent panel discussion that turned nasty recently illustrated.
Here's what's certain: Wynwood is no longer just an arts neighborhood. It's an arts and entertainment district. New restaurants and nightlife spots continue to pop up. This trend will not stop, and that's been the developers' plan for years. No, Wynwood is not yet a raging success. Aside from the madness of its Second Saturday Art Walks, the neighborhood is still relatively quiet 29 days out of the month. But as its success continues to build, two things are happening: the developers who built Wynwood are staying put, and many small business owners, most of which are art galleries, appear to be on their way out.
Will these galleries take the pulse, energy and soul of the neighborhood with them? And more importantly, where are they going?