Ribbon-cutting ceremony held for Wynwood Gateway Complex

MIAMI -

A ribbon-cutting ceremony was held Wednesday for the Wynwood Gateway Complex. It is the area's first development community and now a competition is underway to design the park inside the complex.

You could say Wynwood wears its art on its sleeve. The bohemian barrio is a vibrant up-and-coming neighborhood that developers are digging.

"Something about this place has the right feng shui," said Miami Commissioner Marc Sarnoff. "It always seems to be facing the right direction."

Wednesday at Northwest 29th Street and Second Avenue, a development called Wynwood Gateway touted its newest tenant: Ducati motorcycles.

"It is the first time that an international brand comes to Wynwood and that is a game changer," said Miami Mayor Tomas Regalado.

But some say the changes are coming faster than these high-speed motor bikes.

Colorful Wynwood will soon be getting its first hotel; an eight-story luxury boutique hotel will be built on an empty lot.

Wynwood Central is one of many rental and condo projects that includes retail and office space, but one project that has been proposed has more than 250 units and many say that's too many too fast.

Sarnoff said Wynwwood needs a building height limit of six stories.

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Ribbon-cutting ceremony held for Wynwood Gateway Complex