Miami Worldcenter Associates Sells Development's Retail and Entertainment District to Falcone Group and Partners For $210 Million
Miami Worldcenter Associates has sold Miami Worldcenter’s 27-acre retail and entertainment district to a venture comprised of affiliates of the Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies (Davis) and Jamestown for $210 million. The district features 300,000 square feet of retail, dining and entertainment businesses, approximately 2,000 parking spaces, and 100,000 square feet of parks and plazas.
Miami Worldcenter Associates has sold Miami Worldcenter’s 27-acre retail and entertainment district to a venture comprised of affiliates of the Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies (Davis) and Jamestown for $210 million. The district features 300,000 square feet of retail, dining and entertainment businesses, approximately 2,000 parking spaces, and 100,000 square feet of parks and plazas. Miami Worldcenter, a $6 billion mixed-use development, is one of the largest in the U.S. and has activated Downtown Miami with global retail and dining brands, residential towers, hotel options, and new public spaces. Under the new ownership structure, Falcone Group will serve as General Partner responsible for day-to-day operations, joined by ROK Acquisitions and Andrew Mirmelli, with Davis and Jamestown serving as Limited Partners.
Miami Worldcenter’s journey began two decades ago with the assemblage of more than 30 parcels in Miami’s Park West neighborhood and in 2011 the current Miami Worldcenter Associates partnership was formed with Falcone Group, Nitin Motwani and CIM Group. Miami Worldcenter Associates has led the project’s construction in tandem with best-in-class developers from across the country. Along the way, Miami Worldcenter has catalyzed the revitalization of Downtown Miami, with billions in private sector investment pouring into the surrounding district and more than 100,000 residents now calling the neighborhood home.
The following properties are included in the transaction:
Block H Garage – 644 NE 2nd Avenue (922 parking spaces)
Block H Retail – 652 NE 2nd Avenue
Block F West – 725 NE 1st Avenue (including the Apple store at 100 NE 8th Street)
Block F East – 150 NE 8th Street
Block D East Retail – 850 NE 2nd Avenue
Block D East Garage – 888 NE 2nd Avenue (1,100 parking spaces)
Block CD West – 851 NE 1st Avenue
“The coming to life of Miami Worldcenter has been a two-decade journey that began with the belief that Downtown Miami was poised to become a true global destination. What was once a stretch of vacant lots is now a vibrant, walkable neighborhood that reflects the energy, diversity, and ambition of our city. When CIM Group joined the partnership it provided momentum, enabling the team to realize our shared vision for Miami Worldcenter, and as the new owners, we’re committed to sustaining the property’s success well into the future,” said Falcone Group CEO and Miami Worldcenter Associates Founding Partner Art Falcone.
“When CIM Group team members first visited the Miami Worldcenter development site, it was collection of overgrown dirt plots and underutilized structures—but it was clear that this was a premier location with potential for a thoughtfully designed mixed-use development,” said Shaul Kuba, Co-Founder and Principal, CIM Group. “CIM Group joined Art Falcone and Nitin Motwani in a shared vision to create a dynamic, game-changing destination that has been realized as Miami Worldcenter.
The Davis Companies’ involvement reflects a shared conviction in Miami Worldcenter’s strong foundation, long-term potential, and next phase of growth. By combining continuity of vision with additional institutional capital, strategic oversight, and operational discipline, the partnership is well positioned to build on the project’s early success and thoughtfully execute the next phase of leasing, activation, and customer experience initiatives that will further elevate both performance and placemaking.
Davis, a Boston-based investment, development and real estate fund management company that is celebrating its 50th anniversary in 2026, is making this investment in Miami Worldcenter as the firm expands its portfolio of transformational projects turning underused underutilized space into vibrant mixed-use destinations.
“Miami Worldcenter is recognized nationally for its evolution from parking lots, low rise industrial buildings and undeveloped space to an entirely new district within a city, creating endless opportunities for residents to live, shop and socialize all in one neighborhood,” said Jerry Murphy, Managing Director of Investments at Davis. “This partnership with Falcone and Jamestown will unlock new potential for the site’s retail components as it enters its next chapter. Davis is thrilled to expand our South Florida portfolio and to be part of a project redefining the urban landscape in the vibrant and dynamic Downtown Miami area.”
Home to an array of shopping, dining, entertainment options set alongside thousands of residences and hotel rooms, Miami Worldcenter is a master-planned development which features 300,000 square feet of retail, $100 million in privately built infrastructure, 100,000 square feet of public space, a $5 million collection of public artworks, and more than 16 residential and hospitality towers – many of which are already completed or underway.
“More than a master-planned development, Miami Worldcenter is a true city within a city that has transformed Downtown Miami with top retail brands and food and beverage operators from around the world. Bringing it all together is an amazing network of public spaces that are bringing our community together every day. This would not have been possible without the foresight of Falcone Group and CIM Group, which understood the potential for this neighborhood long before anyone else,” said longtime Miami Worldcenter Associates Managing Partner Nitin Motwani.
The first phase of retail development was completed and opened in early 2025 and is now home to an array of global brands – including a flagship Apple store, Sephora, Lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, Posman Books, HŸP Sneakers & Streetwear, Timeluxe, Openbank by Santander, SkinSpirit, Blo Blow Dry Bar, and Club Studio.
Miami Worldcenter’s food and beverage offerings include Maple & Ash, Eight Bar, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Crêperie & Café, and Starbucks, and local favorites including Serafina, and Go Greek Yogurt. Entertainment destinations include Lucky Strike Bowling and the immersive Museum of Ice Cream.
Supporting Miami Worldcenter’s retail tenants are several residential towers which bring a built-in population that have been developed by notable owners such as of Related Group, Naftali Group, Witkoff, Adam Neumann’s Flow, Merrimac Ventures, Aria Development Group, Lalezarian Properties, Falcone Group, Abbhi Captial, and Lynd Group. On the hospitality front, the citizenM Miami Worldcenter hotel is now open, with additional hotel concepts set to debut in future phases.
Complementing these commercial and residential offerings is convenient access to rail, road, and pedestrian connections, with Miami Worldcenter standing as South Florida’s premier transit-oriented development. Located adjacent to Brightline’s MiamiCentral Station – a high-speed rail hub linking Downtown Miami to major cities across Florida – the development is also seamlessly connected to Tri-Rail, Metrorail, Metromover, and the Brickell/Biscayne trolley systems, ensuring effortless regional mobility.
Images via Miami Worldcenter and Blue Water Drones
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Club Studio Opens Flagship Fitness Concept at Miami Worldcenter, Bringing Boutique Wellness to Downtown Miami
Fitness International, LLC, the company behind LA Fitness and Esporta, has officially unveiled its 15th Club Studio® location — a 38,000-square-foot flagship facility at Miami Worldcenter, one of the largest and most transformative urban developments in the country. The state-of-the-art destination blends boutique fitness, recovery, and social wellness, marking a major step in Club Studio’s nationwide expansion.
Fitness International, LLC, the company behind LA Fitness and Esporta, has officially unveiled its 15th Club Studio® location — a 38,000-square-foot flagship facility at Miami Worldcenter, one of the largest and most transformative urban developments in the country. The state-of-the-art destination blends boutique fitness, recovery, and social wellness, marking a major step in Club Studio’s nationwide expansion.
“Our corner location at Miami Worldcenter brings our full concept to life, giving members the complete experience,” said Nick Roberts, Chief Real Estate Officer at Fitness International. “With over 30 years of operating history in Miami, we understand the transformative impact of the Miami Worldcenter development. Launching our first Florida Club Studio location here feels both natural and exciting.”
Club Studio offers a full range of premium training environments and recovery options under one roof. The flagship location introduces five boutique studio concepts, each designed to maximize results and engagement:
Strength: High-intensity CS4® classes using treadmills, rowers, ski-ergs, and functional strength equipment.
Box: Signature boxing workouts combining technique, athletic conditioning, and endurance.
Ride: Immersive rhythm-based cycling with coordinated lighting and upper-body integration.
Hot Yoga: Heated “Sweat +” sessions blending traditional asanas, yin poses, and dynamic flows.
Pilates: Reformer-based resistance classes designed to lengthen, tone, and strengthen the body.
Complementing its studios, the facility features Cryotherapy and Recovery zones offering localized and full-body cryotherapy, massage beds, compression therapy, and percussion tools for athletic recovery. Members also enjoy towel service, personal training, and a Kalologie® Medspa, along with Beaming, a healthy café serving smoothies, snacks, and meals. A curated retail boutique offers apparel and wellness products.
“Club Studio’s arrival at Miami Worldcenter marks an important milestone for our development and for Downtown Miami as a whole,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “As one of our marquee tenants, Club Studio brings an entirely new level of health and wellness offerings to the urban core — a destination that blends boutique fitness, recovery, and lifestyle amenities under one roof.”
Developed by Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, in partnership with CIM Group, Miami Worldcenter spans 10 city blocks and represents more than $6 billion in investment. The master-planned district integrates residential, retail, hospitality, and entertainment offerings that continue to shape Downtown Miami’s identity as a premier live-work-play destination.
Club Studio® is a next-generation fitness brand by Fitness International, LLC, combining multiple boutique studios, premium amenities, and advanced recovery within a single membership experience. The brand currently operates 15 locations nationwide, with plans to reach 50 by 2026.
$6 Billion Mixed-Use Miami Worldcenter Set For Official Grand Opening in Downtown Miami Welcoming New Restaurant And Retail Concepts
After nearly two decades of planning and development, Miami Worldcenter is set to host its official Grand Opening this week as the $6 billion, 27-acre mega-development continues Downtown Miami’s transformation into a vibrant, walkable destination where Miami lives, shops, dines, and plays.
After nearly two decades of planning and development, Miami Worldcenter is set to host its official Grand Opening this week as the $6 billion, 27-acre mega-development continues Downtown Miami’s transformation into a vibrant, walkable destination where Miami lives, shops, dines, and plays. A flurry of new openings – from acclaimed restaurants and stylish cafés to retail and lifestyle staples – is bringing new energy to Downtown Miami’s urban core. Chicago’s famed steakhouse Maple & Ash, Earls Kitchen + Bar, and Sweet Paris Cręperie & Café are now open, joined by new tenants including The Spot Barbershop and Starbucks, adding to the project’s dynamic tenant mix that blends global flavors, lifestyle concepts, and everyday conveniences.
Miami Worldcenter was developed by Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with Los Angeles-based CIM Group. Spanning 10 city blocks, 27 acres, in the heart of Downtown Miami, the $6 billion mixed use development blends residential, retail, hospitality, entertainment, and public spaces at the center of the city’s cultural core.
“As one of the largest and most ambitious urban developments in the U.S., Miami Worldcenter is delivering on its promise of creating a true ‘city within a city,’” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “With every new opening – whether it’s a flagship restaurant, boutique shop, or everyday service – we’re bringing our vision of a connected, mixed-use community to life in the heart of Downtown Miami.”
Recently Opened Tenants:
Maple & Ash: The Chicago-based, award-winning steakhouse has debuted its boldest venture yet – a 22,000-square-foot, two-story flagship that blends culinary mastery with unrestrained luxury. 699 NE 1st Avenue
Sweet Paris Cręperie & Café: Known for its ‘art of eating crępes,’ this elegant café serves up sweet and savory crępes, waffles, paninis, and handcrafted cocktails. 851 NE 1st Avenue, #105
Earls Kitchen + Bar: A chef-driven restaurant offering globally inspired dishes, craft cocktails, and a vibrant, welcoming atmosphere. 150 NE 8th Street, #146
The Spot Barbershop: A South Florida favorite since 2001, The Spot brings its signature industrial design, classic bar, and upscale barbershop experience to Miami Worldcenter. This 1,700-square-foot location marks its third in Downtown Miami. 851 NE 2nd Avenue, #124
Starbucks: Serving its signature coffees, teas, and bites, this new café features original murals by local artists Jhonattan and Samantha Arango (Art of Anón), adding a distinct Miami touch to the beloved global brand. 150 NE 8th Street, #147
“Every opening adds to the diversity of options for visitors to Miami Worldcenter who will find great dining, shopping and entertainment in a lively atmosphere which invites guests to linger and fully experience all aspects of this new destination,” said Shaul Kuba, Co-Founder and Principal, CIM Group.
Miami Worldcenter is home to iconic global brands, world-class dining, public art displays, and entertainment for all ages. This pedestrian-oriented corridor offers nearly 300,000 square feet of street-level retail, dining, and lifestyle experiences designed to energize the heart of Downtown Miami.
Anchored by Downtown Miami’s first Apple store, Miami Worldcenter is home to a curated collection of premier retailers including Sephora, Lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, The Container Store, Posman Books, HźP Sneakers & Streetwear, and The Spot Barbershop. Tenants opening soon include Openbank by Santander, SkinSpirit, Blo Blow Dry Bar, Bijoux et Montres, and Club Studio.
The culinary lineup showcases a diverse mix of global flavors and formats – from signature destinations like Maple & Ash, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Cręperie & Café, and Starbucks, to local favorites including Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar. Eateries coming soon include the New York-famous Italian staple Serafina, Go Greek Yogurt, and the highly anticipated JUVIA, a beloved Miami favorite known for its rooftop views, striking design, and a fusion of French, Japanese, and Peruvian flavors.
For entertainment, families and visitors alike can enjoy Lucky Strike Bowling and the immersive, multi-sensory Museum of Ice Cream – making Miami Worldcenter a destination for shopping, dining, and play that reflects Miami’s vibrant energy and global appeal.
Miami Worldcenter is planned to bring more than 11,000 residential units to market over the course of the multi-phase development. Several luxury apartment and condominium towers are already completed, with thousands of additional units actively under construction or in planning. On the hospitality front, more than 1,100 hotel rooms are expected across the site, with the citizenM Miami Worldcenter hotel now open and additional hospitality destinations slated to debut in future phases.
As South Florida’s largest transit-oriented development, Miami Worldcenter offers unmatched connectivity with direct access to major expressways, MiamiCentral Station, and Brightline’s high-speed rail linking Downtown Miami to cities across Florida. Integrated with Metrorail, Metromover, Tri-Rail, and the Brickell/Biscayne trolley systems, it provides effortless regional access. Miami Worldcenter’s prime location puts it within walking distance of Museum Park, the Kaseya Center, the Adrienne Arsht Center, and Miami Dade College’s Wolfson Campus, placing it at the heart of Miami’s cultural and entertainment district.
Before & After:
Images via Miami Worldcenter | Before & After via PROFILEmiami
Luxury Electric Vehicle Company Lucid Motors Opens Retail Studio At Miami Worldcenter
Lucid Motors, a luxury electric vehicle company producing the state-of-the-art Lucid Air, is now open at Miami Worldcenter, the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. Located at 951 NE 1st Avenue, the nearly 23,000-square-foot space is Lucid’s largest location in Florida. The location includes a Lucid Studio, which allows customers to experience the brand and its lineup of luxury electric vehicles in an environment that underscores the company’s signature design aesthetic.
Lucid Motors, a luxury electric vehicle company producing the state-of-the-art Lucid Air, is now open at Miami Worldcenter, the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. Located at 951 NE 1st Avenue, the nearly 23,000-square-foot space is Lucid’s largest location in Florida. The location includes a Lucid Studio, which allows customers to experience the brand and its lineup of luxury electric vehicles in an environment that underscores the company’s signature design aesthetic. The new state-of-the-art facility also serves as a service and delivery center for the Lucid Air luxury electric sedan, winner of the 2023 World Luxury Car Award.
“Lucid Motors is an innovative leader and its retail studio at Miami Worldcenter provides a showcase for its vehicles and an engaging customer experience. Lucid Motors opening marks another milestone in the ongoing reveal of the enticing array of retail, restaurants and entertainment experiences at Miami Worldcenter,” said Shaul Kuba, Co-Founder and Principal, CIM Group.
Lucid joins a growing roster of newly opened concepts at Miami Worldcenter, including three new food and beverage options by Ariete Hospitality Group’s Michelin-star-rated Chef Michael Beltran, Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar; national retail brands lululemon and Sephora; and the affordable luxury citizenM Miami Worldcenter hotel. Set to open over the next year are additional food and beverage options including Earls Kitchen & Bar and Chicago’s Maple & Ash; dining and entertainment concepts Sports & Social and Bowlero; a permanent location for the world-famous experiential and immersive Museum of Ice Cream; as well as other nationally recognized concepts including Rihanna’s Savage X Fenty, Club Studio, Ray-Ban, and Posman Books.
As one of the largest privately owned and developed urban real estate developments in Florida, Miami Worldcenter, which is currently coming alive in phases, features a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space spanning over 10 city blocks. Approximately 84% of the development’s retail space has been leased.
The project is being developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.
“Downtown Miami has been in need of an innovative luxury automotive brand like Lucid and we’re thrilled to welcome them to Miami Worldcenter,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “The Lucid Studio adds another layer of offerings at Miami Worldcenter, further advancing the vision for a prominent live, work, and play destination in the heart of our urban core.”
Retail leasing at Miami Worldcenter is led by CIM Group, a partner in Miami Worldcenter, and Miami-based The Comras Company. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Comras Company is a leading, boutique real estate firm providing retail leasing, asset sales, consulting, and development advisory services throughout South Florida.
Miami Worldcenter is now home to three completed residential towers – PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami. Additionally, construction is underway at phase one of the 52-story Miami World Tower, which will comprise 550 apartment units; at Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; at the second phase of Caoba, which will encompass an adjacent 40-story tower with 420 apartments; and at The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures.
Planned developments include 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures; a 65-story condo tower with 700+ residential units by New York-based developer Naftali Group; a mixed-use residential and commercial development by Abbhi Capital; and a three-tower mixed-use residential project by The Witkoff Group.
Complementing Miami Worldcenter’s retail streets will be World Square, a 20,000-square-foot outdoor public plaza and park. Designed as a central gathering place, World Square will serve as the heartbeat of the development featuring an abundance of open space, shade trees, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.
Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; the newly renamed home of the Miami Heat, the Kaseya Center; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which offers direct train service to Fort Lauderdale, West Palm Beach, and will reach Orlando later this summer, together with access to Tri-Rail, the Metromover, and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.
Images via Miami Worldcenter
Michelin Starred Chef Michael Beltran's Ariete Hospitality Group Set To Open First Restaurant In Miami Worldcenter November 28
Buckle-up Miami, after nearly a decade of construction, Downtown Miami’s new $4 billion, 27-acre Miami Worldcenter mixed-use development, will welcome its first tenant on November 28 when Michelin Starred Chef Michael Beltran’s Ariete Hospitality Group (AHG) opens Brasserie Laurel. Brasserie Laurel will deliver upscale French-inspired Miami cuisine with a focus on local, seasonal ingredients and will provide a wide array of table-side service for some of their signature dishes.
Buckle-up Miami, after nearly a decade of construction, Downtown Miami’s new $4 billion, 27-acre Miami Worldcenter mixed-use development, will welcome its first tenant on November 28 when Michelin Starred Chef Michael Beltran’s Ariete Hospitality Group (AHG) opens Brasserie Laurel. Brasserie Laurel will deliver upscale French-inspired Miami cuisine with a focus on local, seasonal ingredients and will provide a wide array of table-side service for some of their signature dishes. The quality of food preparation and service will be at the levels of Ariete where it is no secret that the drive is to deliver world-class hospitality and maintain the highest of standards.
Miami Worldcenter, which is currently coming alive in phases, will feature a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. Brasserie Laurel will join other recently announced tenants slated to open at Miami Worldcenter over the next year such as Sephora, lululemon, Savage x Fenty, Ray-Ban, Posman Books and Lucid Motors, as well as dining and entertainment concepts Bowlero, Sports & Social, and Chicago’s Maple & Ash and etta restaurants.
AHG is known for their growing family of restaurants and bars including Ariete (Michelin Star), Navé (Michelin Guide mention), Chug’s (Bib Gourmand recipient) and The Taurus all in Coconut Grove; The ScapeGoat in Miami Beach, and most recently The Gibson Room on Coral Way.
“We see Laurel as Ariete’s younger sister, and if I had to share one thing about the ideology behind this menu, it would be that it’s a new approach to French brasserie food. Think Frank Sinatra, Dizzy Gillespie, La Tour d’Argent in Paris. Music will be swanky; food will be refined, but unpretentious, and wine and cocktails will be plentiful,” said Chef Michael Beltran.
At the helm of the kitchen is Executive Chef Ashley Moncada, formerly Chef de Cuisine at Ariete, bringing in 8+ years of experience in the industry and who has been until most recently, an integral part of the Michelin awarded team at Ariete. Having worked in France, Australia, New Zealand, UK, and South Africa, Chef Ashley, at her young age, has gained world experience, from shopping and preparing fresh produce in the French Alps, to cooking in an African game reserve, her skills will certainly be an asset, and the driving force behind the brasserie’s kitchen.
From escargots, frog legs, and beef Wellington to crêpes Suzette, you will find these classic French dishes accompanied by full-bodied red Bordeaux, crisp Champagne, refreshing Sauternes, among other pairings. “The wine offering is unequivocally French, but not exclusively; you will also be able to find some Spanish and Italians among Old World style wines available at Laurel,” commented AHG Wine Director, Adrian Lopez.
The cocktail program embodies a theme that runs throughout AHG: reworking the classics in a way that no one else has, a way that makes them uniquely their own; it’s a signature style of AHG Beverage Director, Tom Lasher-Walker. Taking ingredients, in their purest form and transforming them into delectable cocktails, is unquestionably the epitome of fine drink making.
“My philosophy is always to bring inspiration from the classics and creating perfectly balanced beverages, those are the styles that will stand the test of time,” mentioned Walker. From two versions of the House Stinger (vodka or cognac), a Miami and French inspired - Beneath the Sheets- with aged rum and pineapple, to a late 1800’s beverage known as the Corpse Reviver Royal with gin, bubbles, and absinthe; and if absinthe hadn’t made enough of a come- back, then Brasserie Laurel will make sure to bring it back in style. The absinthe fountain, while not a novel contraption, will certainly be an entertaining element that you will find behind their bar.
Brasserie Laurel’s interior is inviting and elegant, yet youthful and incorporates a touch of classic French aesthetic. The dark wood, gold, and deep blue elements give it a polished and vibrant look that showcases the quality and finesse of the dining experience.
“Our team is thrilled to welcome our first restaurateur, Brasserie Laurel, to Miami Worldcenter. Ariete Hospitality Group exemplifies the quality of tenants and the experience we are curating for Miami Worldcenter’s residents and visitors,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Bringing life to the retail, food and beverage, and entertainment components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination, and we look forward to the group’s additional concepts slated to open soon.”
Laurel is located at 698 NE 1st Avenue Suite G-170 at the base of Miami Worldcenter’s Caoba residential tower along the development’s 7th Street pedestrian promenade. Also debuting at Miami Worldcenter over the coming months, adjacent to Laurel, will be two other AHG’s concepts, Chug’s Express and El Vecino. The ‘ventanita’ from Chug’s Express will serve Chug’s Diner favorites such as croquetas, pastelitos, and coffee from 8 a.m. to 4 p.m. Meanwhile, El Vecino will be a high-end first-class cigar bar serving a full liquor bar and light fare such as mussels, an assortment of meat and cheese, a grúyere burger, foie torchon, and a selection of snacks.
Miami Worldcenter is a new $4 billion mixed-use destination in the heart of Downtown Miami. As one of the largest private urban real estate developments currently underway in the United States, the project occupies 27 acres spanning ten city blocks and offers world-class retail, hospitality, commercial office and residential uses. Several phases of the project have already been completed and occupied, including three residential towers and a significant portion of the retail component, with a hospitality development slated to open by the end of 2022. The project is being developed by master developers Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, in partnership with CIM Group.
Images via FujiFilmGirl
Miami Worldcenter Completes Major Milestones Including 50K SF of Retail And 43-Story Bezel Tower
Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space.
Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space, and a 922-space public parking garage fronting Northeast 7th Street, between Northeast 1st and 2nd Avenues. A portion of the structure’s rooftop is also home to a resort-style amenity deck serving Bezel Miami, a newly delivered 43-story luxury rental tower developed next door by ZOM Living.
As the largest private, urban development underway in Florida, Miami Worldcenter will feature a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. The project is being developed by master developers Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, in partnership with CIM Group.
“When we envisioned Miami Worldcenter more than a decade ago, we pictured a Downtown Miami where people could walk, ride a bike, push a stroller, get on public transportation or drive a car, and as more of our developments continue to deliver, we’re seeing that vision come to life,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “Miami Worldcenter is at the confluence of arts, culture, entertainment, transportation and education, and I believe this is just the beginning of Downtown’s evolution into a fully integrated community.”
Approximately 176,000 square feet of retail space has now been completed at Miami Worldcenter, with another 124,000 square feet remaining under construction and slated to deliver by the end of the year. The development’s enticing lineup of recently announced tenants includes Chicago’s Maple & Ash and etta restaurants, Miami chef Michael Beltran’s Brasserie Laurel and El Vecino, Bowlero, Sephora, and Lucid Motors.
“Each development milestone is an important achievement for Miami Worldcenter and our development team. This is a dynamic, multifaceted project that benefits visually from a variety of architectural styles, interwoven streets, plazas and gathering spaces; creates a connected community and an engaging experience for all,” said Shaul Kuba, Co-Founder and Principal, CIM Group.
Bezel Miami becomes the latest residential development to be completed at Miami Worldcenter, joining other completed towers including the 60-story Paramount Miami Worldcenter, and the 43-story Caoba luxury apartment building. Coming up, a 351-room citizenM hotel is expected to open at Miami Worldcenter in the Spring. Additionally, construction is now underway at New York-based developer Lalezarian’s 52-story Miami World Tower, which will comprise 550 multifamily apartment units; at Royal Palm Companies’ Legacy Hotel & Residences, a 50-story mixed-use tower with 310 branded residences atop a hotel and 50,000 square feet of medical office space; and at the second phase of Caoba, which will encompass a 40-story tower with 420 multifamily apartments.
Planned residential developments include Kenect, a hospitality-oriented apartment tower with 450 multifamily units by Chicago-based Akara Partners; and The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures. The Witkoff Group is also planning a three-tower mixed-use project at Miami Worldcenter, which will include up to 2,000 residential units, 550,000 square feet of office space and 50,000 square feet of retail.
Complementing Miami Worldcenter’s open-air retail will be World Square, a 20,000-square-foot public plaza and park. Designed as a central gathering place and outdoor event space, World Square will serve as the heartbeat of the city-within-a-city featuring an abundance of shade trees, works of art by local and international artists, and oversized, pedestrian-friendly sidewalks lined with dining, entertainment, and retail concepts.
Miami Worldcenter occupies ten city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach, and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail, making Miami Worldcenter the largest and most connected transit-oriented development in Florida.
Royal Palm Companies Acquires 1.53-Acre Future Site of Legacy Hotel & Residences In Miami Worldcenter For $33.9 Million
Miami Worldcenter Associates, the master developer behind Miami Worldcenter, the $4 billion, 27-acre mixed-use development under construction in the heart of Downtown Miami, has sold a 1.53-acre parcel to Royal Palm Companies (RPC). The transaction includes 66,656 square feet of developable land that was sold for $33.9 million.
Miami Worldcenter Associates, the master developer behind Miami Worldcenter, the $4 billion, 27-acre mixed-use development under construction in the heart of Downtown Miami, has sold a 1.53-acre parcel to Royal Palm Companies (RPC). The transaction includes 66,656 square feet of developable land that was sold for $33.9 million. The property, which is situated at 942 Northeast First Avenue, will be home to the Legacy Hotel & Residences, a 50-story mixed-use tower with 274 branded residences atop a 256-room hotel. The Cushman & Wakefield team of Robert Given, Troy Ballard and James Quinn represented the seller, Miami Worldcenter Associates, in the transaction.
Legacy Hotel & Residences’ developer, Dan Kodsi of RPC, previously partnered with Miami Worldcenter Associates developers, led by Nitin Motwani and Art Falcone, on the newly completed Paramount Miami Worldcenter luxury condominium tower, which opened to residents in 2019 across the street.
“Legacy Hotel & Residences is one of our most anticipated developments. The project’s iconic architecture and state-of-the-art amenities featuring a world-class restaurant and medical facility are just some of the components that will make it a standout addition to our city-within-a-city at Miami Worldcenter,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “We’re committed to working with best-in-class developers to create a diverse and vibrant eco-system for the ultimate live, work, play Miami experience, and our recent collaboration with Dan Kodsi on Paramount is a testament to that vision.”
Legacy Hotel & Residences will feature first-of-its-kind amenities and offerings, including a sophisticated members-only international business lounge, a dramatic Singapore-inspired cantilevered pool, downtown’s largest hotel pool deck set on one acre, a highly-anticipated 100,000 square foot medical and wellness center, and stylish microLUXE residences – all topped with the project’s signature amenity: the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.
“We are looking forward to breaking ground in early 2021 on what we expect will be one of the iconic centerpieces of Miami Worldcenter,” said Dan Kodsi, CEO of RPC. “Legacy Hotel & Residences is setting the stage for the future of mixed-use developments and branded-residences that prioritize health and wellness without sacrificing luxury lifestyle experiences and resort-style amenities that discerning homeowners and travelers are accustomed to.”
The Miami Worldcenter master plan, delivering in phases, features an array of residential, commercial and hospitality uses. These include approximately 300,000 square feet of retail, restaurant and entertainment space; the 60-story Paramount Miami Worldcenter condominium tower; Caoba, a 444-unit apartment tower that opened in 2019; a 348-room CitizenM hotel which is now under construction; and Bezel, a 434-unit rental tower by ZOM Living which is also underway. In addition, Hines is preparing to build a new tower that will comprise up to 500,000 square feet of Class A office space and MDM Group is planning a 1,700-room Marriott Marquis hotel and adjacent 600,000 square foot expo center.
Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Perez Art Museum Miami and the Frost Museum of Science; AmericanAirlines Arena; the Adrienne Arsht Performing Arts Center; and Miami-Dade College’s Downtown Miami campus. It is also adjacent to Virgin Trains’ MiamiCentral station, which will soon offer direct train service to Fort Lauderdale, West Palm Beach and Orlando, together with access to TriRail, the Metromover and the Metrorail, making Miami Worldcenter the largest and most-connected transit-oriented development in Florida.
The Mixed-Use Block H Is Now Rising At Miami Worldcenter Bringing Retail & Restaurants To Downtown Miami
Construction is moving swiftly on Miami Worldcenter’s Block H, which now can be seen rising out of the ground adjacent to the also rising 43-story Luma residential tower and now under construction CitizenM Hotel. Block H will serve as one of the center pieces of the mega-project reinvigorating Downtown Miami.
Construction is moving swiftly on Miami Worldcenter’s Block H, which now can be seen rising out of the ground adjacent to the also rising 43-story Luma residential tower and now under construction CitizenM Hotel. Block H will serve as one of the center pieces of the mega-project reinvigorating Downtown Miami including being the main point of drop off with Miami Worldcenter’s main public plaza located adjacent to the immediate north and being one of the developments 2 main parking garages. Block H will feature 48,000 SF of retail and restaurants split between floors 1, 2 and 12 with 922 parking spaces filling the rest of the development.
Miami Worldcenter is a $2 billion mixed-use mega-project coming to Downtown Miami led by Art Falcone, Nitin Motwani. The total retail component will features 360,000 SF of high-street retail which Miami Worldcenter Associates, Taubman Centers and The Forbes Company are currently leasing. Miami Worldcenter is being developed by Miami Worldcenter Associates, Taubman Centers, The Forbes Company, and MDM Group with the master plan designed by Elkus Manfredi Architects. The project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, in addition to a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo as well as a 45-story office tower being developed by Hines.
CAOBA Miami Worldcenter Reveals New Renderings As Tower Powers Towards Completion
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans.
CAOBA Miami Worldcenter has revealed new renderings and launched a website in anticipation of the buildings upcoming completion. CAOBA’s market-rate rental apartments range in size from 500 SF studios to 1,300 SF 3-bedroom floor plans. Residences feature 9' ceilings, contemporary design finishes, in-unit washers and dryers, and private balconies that open up to sweeping views of Biscayne Bay and the downtown Miami skyline. Amenities, including a pool deck overlooking downtown, a fitness center, a clubroom and an outdoor dog-walking lawn.
CAOBA was the first tower in the 27-acre, $2 billion Miami Worldcenter mega-project to top-off at 43 stories in Downtown Miami's Park West neighborhood. The transit-oriented rental complex is bringing 444 market-rate apartments to Miami’s urban core along with 888 parking spaces. CAOBA also will bring more than 20,000 SF of ground-floor retail space which will feature shops and restaurants, connecting Miami Worldcenter’s ‘High Street’ retail promenade and plaza to the east between Northeast 1st and 2nd Avenues.
The project was formerly known as the first phase of the Seventh Street Apartments and was co-developed by CIM Group with Falcone Group. CAOBA is located at 698 Northeast 1st Avenue and is one block from Miami Central, downtown’s new transportation hub and Brightline’s high-speed rail Miami terminal, which offers direct train service to Fort Lauderdale, West Palm Beach and Orlando. The 27-acre, 10-block Miami Worldcenter is one of the largest private real estate developments currently under construction in the United States. Miami Worldcenter features a diverse mix of urban land use, including high-street retail, hospitality, office and residential uses surrounded by world-class amenities and boasting convenient access to transit.
Check out the website: https://www.caobamwc.com
New Renderings Revealed of Miami Worldcenter
New renderings have been revealed of Miami Worldcenter where the site maps now show a 24-story, 250-key hotel on the 7th Street Promenade. The hotel would be one block from the 1,700-key Marriott Marquis Hotel & Convention Center, which is also coming to Miami Worldcenter.
New renderings have been revealed of Miami Worldcenter where the site maps now show a 24-story, 250-key hotel on the 7th Street Promenade. The hotel would be one block from the 1,700-key Marriott Marquis Hotel & Convention Center, which is also coming to Miami Worldcenter. Zom will also break ground in the next few months on Luma Miami Worldcenter, a 44-story, 434-unit residential tower. Zom has proposed $3.2 million to rebuild the Freedom Tower Metromover Station due to needing a utilities and pedestrian easement through the property to move ahead with Luma Miami Worldcenter. The station would be designed to integrate with Miami Worldcenter aesthetically and would give the public direct access to the district.
Miami Worldcenter is a $2 billion mixed-use mega-project coming to Downtown Miami led by Art Falcone, Nitin Motwani. The total retail component will features 360,000 SF of high-street retail which Miami Worldcenter Associates, Taubman Centers and The Forbes Company are currently leasing. Miami Worldcenter is being developed by Miami Worldcenter Associates, Taubman Centers, The Forbes Company, and MDM Group with the master plan designed by Elkus Manfredi Architects. The project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, in addition to a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo as well as a 45-story office tower being developed by Hines.
Another major residential development is moving closer to construction in Downtown Miami after Witkoff, in partnership with Monroe Capital, secured a $302.6 million construction loan for the first phase of its planned three-tower community at 700 North Miami Avenue in Miami Worldcenter.