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MIAMI (CBSMiami) — Since 2009 Wynwood Walls has been called The Museum of the Streets.

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The were established by the late Tony Goldman, the outdoor art museum features large scale murals created by globally acclaimed street artists. Jessica Goldman- Srebnick has taken over the role of her father since he passed in 2012.

“I believe he’s looking down on us and smiling as to what has happened to this incredible neighborhood,” said Goldman-Srebnick

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On Tuesday evening Tony Goldman is being honored for his work in Wynwood with a dedication of a street in his name.

“Tony Goldman Way,” is on NW 2nd Avenue between 20-29th Streets.

“It’s a very exciting, very emotional day today. They are unveiling the street Tony Goldman Way. It’s really a dream come true for our family,” said Goldman- Srebnick.

Every year, at this time, new walls are created and old ones updated. Legendary street artists Kenny Scharf fine tuned his original work from years past.

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“The inspiration is what is just what I do. I’m always inspired and happy to do my thing” Scharf said.

This year’s theme is called The Art of Collaboration.

Just a few blocks north and east over at Art Miami.

It’s a celebration of 25 years as the longest running contemporary art fair. Director Nick Korniloff said this year’s fair, along with it’s sister fair called “Context” is bigger than ever.

“Art Miami showcases works from more than 125 international art galleries and features art from the most important artists from the 20th and 21st centuries,” Korniloff said.

Art Miami features cutting edge works from world renowned artists such as “Banksy.” A particular piece called Art Buff was actually on a wall recently in a British Town on the English Channel.

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Lisa Petrillo