Tony Goldman has made a huge impact on the world of real estate by developing and revitalizing neighborhoods. He is responsible for transforming the Soho Building in New York City into luxury lofts and buying Miami’s Wynwood district and developing a hip community centered around art and dining. In addition, he is also credited with restoring 25 properties in Philadelphia’s City Center.
With offices employing over 250 people in New York, Boston, Philadelphia and Miami Beach, Goldman Properties’ revenue is estimated at $75 million. Goldman recently spoke out about the Miami real estate market and where are the best opportunities for development.
Goldman says the Miami market is “strong in some areas like the residential rental market, moderate in the commercial office market, strong in retail and moderate to weak in warehouse/industrial areas.” He strongly believes that the best opportunities for development remain in adaptive reuse of quality, well-located buildings.
This year Goldman will be unveiling the Wynwood Building, the district’s first industrial, cool office and retail building. His company has expanding Wynwood Walls and added many world-class street art murals to the district as well.
Another recent improvement Goldman has made to the Wynwood area is The Light Box at Goldman Warehouse which has been open since April 2011. According to Goldman, “it is a superb addition to the neighborhood adding an ongoing collaboration of our growing local arts organizations and performances.”
Goldman is also working with the Friends of Miami Marine Stadium, a volunteer organization committed to preserving the landmark, to assure a “big vision approach to the whole place, stadium and surroundings.”
Perhaps not surprisingly, his biggest concern about the Miami market is the banks and financing criteria.
Source: The Real Deal