Check Out Miami Worldcenter & Miami Innovation District's Pitch To Transform Downtown Miami Into Amazon's HQ2 Supercampus
Miami Worldcenter and Miami Innovation District have teamed up to offer Amazon a massive opportunity in Downtown Miami's Park West neighborhood for their highly anticipated HQ2. Last week Amazon narrowed the potential cities down to 20 finalists, who are competing to to secure an expected 50,000 jobs and $5 billion in investment.
Miami Worldcenter and Miami Innovation District have teamed up to offer Amazon a massive opportunity in Downtown Miami's Park West neighborhood for their highly anticipated HQ2. Last week Amazon narrowed the potential cities down to 20 finalists, who are competing to to secure an expected 50,000 jobs and $5 billion in investment. The Miami Worldcenter and Miami Innovation District's pitch is already shovel ready with buildings already under construction regardless of the outcome of Amazon's choice. The proposal is one of eight offered to Amazon in Miami-Dade including 3 within city limits. Other highlights include high zoning density which offers a live, work, play opportunity as well as over 23 million SF of office, residential, retail and hotel space already in the works. Additionally, as the proposed site is within Overtown Community Redevelopment Area boundaries, the projects would be eligible for Tax Increment Financing which could exceed over $1 billion in value.
Miami Worldcenter will feature a 500,000 SF Hines office tower which is expected to break ground Q2 2018, a currently under construction Marriott Marquis Hotel with 1,800 keys, 500,000 square feet convention space . MiamiCentral will feature retail, office, residential and transit. Museum Park features the Frost Museum of Science, Perez Art Museum and luxurious residential towers such as Zaha Hadid's One Thousand Museum, Ten Museum Park and Marquis. The Arsht Center for Performing Arts is also nearby. The campus would also have strong transit connectivity, with four different rail services including the Brightline high speed rail service connecting Miami, Fort Lauderdale, West Palm Beach, and Orlando; the Tri-Rail to Miami-Dade, Broward and Palm Beach counties, Metromover through Downtown and Brickell; and the Metrorail, including airport access. Highways include easy access I-95 via 395.
Miami Innovation District Coming to Park West
The Miami Innovation District, a proposed tech hub, is one step closer to coming to Miami after land in Park West controlled by Michael Simkins' Innovate Development Group was cleared. Innovate Development Group purchased the land in 2014 for $54 million. Details and renderings of the proposed project were leaked in June, showing a 10 acre development including 3,850,000 SF of office space, 2,400,000 SF of residential units, 250,000 SF of retail space, and 2,500 parking spaces. Residential units would include 300 SF "micro-apartments" for the young, working class. There will also be an amenity area called the "Cloud Level" which will include classrooms, daycare, tech support, exhibition spaces, as well as landscaped green space and connection to different towers that are part of the complex. Part of the original proposal, a 633-foot LCD tower, has seen great pushback. Miami Innovation District will be designed by SHoP Architects, who designed the Barclays Center in Brooklyn as well as for Google and Uber. Miami Innovation District is expected to bring 700 permanent jobs and the project will contribute $5 million to the South East Overtown/ Park West CRA and 3% of annual sales or $1 million per year.
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