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 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.  

PARAMOUNT Miami Worldcenter Receives TCO As Tower Powers Towards Completion

PARAMOUNT Miami Worldcenter has received its TCO as the $500 million, 60-story tower is powering towards completion with closings expected to commence in the coming weeks. The residential tower features 569-units which start at $885,000. The tower is 90% sold with buyers representing 56 countries. PARAMOUNT Worldcenter features more than 40 amenities including resort style pool complete with floating pods, tennis courts, soccer pitch, boxing studio, basketball court, golf simulator, state-of-the-art fitness center, Sky Observatory, Tai Chi deck, and a rooftop entertainment deck 60 stories above the Miami skyline.PARAMOUNT Miami Worldcenter is being developed by Dan Kodsi with Art Falcone and Nitin Motwani. PARAMOUNT Miami Worldcenter is the luxury residential condo tower that is part of the larger $2 billion, 30-acre Miami Worldcenter initiative that will transform Miami's urban core via world-class high-street retail concept with shopping, dining, entertainment, hospitality, office space, a Marriott Marquis Miami Worldcenter Hotel & Expo Center, apartment rentals, amongst others.

The Comras Company Tabbed To Lease 300K+ Square Feet Of Retail At Miami Worldcenter

The Forbes Company and Taubman Centers, Inc. have tabbed The Comras Company to help lead retail leasing at Miami Worldcenter. The Miami-based commercial brokerage will represent over 300,000 SF of retail leasing including restaurant and entertainment space at the 27-acre, $2 billion mixed use mega-project which is currently under construction. Miami Worldcenter is located between NW 1st Avenue and NE 2nd Avenue as well as NE 6th Street and NW 11th Street. Retail spaces range from 400 SF to over 50,000 SF. With PARAMOUNT Miami Worldcenter, the mega-development’s luxury condo tower, targeting closings beginning this summer, the retail component is expected to open by the end of 2020.

While Taubman Centers and The Forbes Company have a global focus, The Comras Company will help bring a local expertise to the leasing effort which will target entertainment concepts, theaters, sports bars, breweries, fitness center operators, food hall operators, restaurants, lounges, coffee shops, salons, speciality fitness operators and spas. Comras Company will also pursue fashion, athleisure, cosmetics and beauty retailers. Miami Worldcenter will be represented by Michael Comras, President and CEO of Comras Company, as well as Jeff Evans and Michael Silverman.

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, the completed CAOBA rental tower, a 348-room CitizenM hotel, the soon-to-break-ground Luma rental tower, a 45-story office tower being developed by Hines and 365,000 SF of high-street retail.

For more information about commercial leasing at Miami Worldcenter, private showings, availability or more information please fill out the form below:

PARAMOUNT Miami Worldcenter Reveals Urban Villas Starting At $3.5 Million

PARAMOUNT Miami Worldcenter has revealed their exclusive collection of four, two-story urban villas, the most unique residences offered at the massive 27-acre complex, which has been compared to New York’s Hudson Yards as one of the country’s most visionary and largest mixed-use developments. The standalone residences span 2,576 SF of interior space with 2,038 SF of outdoor space and feature three bedrooms, a den and four bathrooms, a rooftop for entertaining as well as private sky pools. The urban villas, which are priced ranging from $3.5 to $4.5 million, are located steps from the spa on the pool level amenity deck and will offer direct access to the parking garage for added convenience. They will also be just an elevator ride away to the buildings Skyport should the future of flying cars become reality, and regulatory hurdles are met.

“We’re thrilled to introduce our ultra-luxury, limited villa collection, which offers the best of both worlds – a single-family home in the sky in an urban setting,” said developer Dan Kodsi. “We’ve saved the best for last. These villas will appeal to a very special buyer, who appreciates the world at their fingertips.”

“The debut of these exceptional villas adds yet another dimension to the unrivaled offerings at PARAMOUNT Miami Worldcenter,” said Peggy Fucci, CEO of OneWorld Properties, the exclusive sales brokerage for the project. “It is simply elevated living at its best.”

PARAMOUNT Miami Worldcenter is currently the only residential tower for sale within the mixed-use Miami Worldcenter site. It will be the most amenitized building in the country, features a massive amenity deck, Upper Deck, which will also be the largest amenity deck in the U.S., spanning 90’ above downtown Miami and featuring the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; a resort-style pool; and multiple bungalows, among others.

PARAMOUNT Miami Worldcenter is 85% sold with $400 million of the 500+ city- and bay-view condo residences with buyers representing over 50 nationalities. Tower residences range in size from 1,180 to 2,350 SF, with prices starting at $750 per square foot. Construction crews from CoastalTishman celebrated the building’s top off in August 2018 and it is on course for building completion this spring. The tower is constructed atop Miami Worldcenter’s high street retail component, a pedestrian-oriented shopping streetscape that is being developed in collaboration with The Forbes Company and Taubman. Miami Worldcenter’s retail plan reflects downtown Miami’s emergence as one of the country’s fastest-growing urban centers, where the population that has doubled in size since 2000, with a streetscape that has become more pedestrian-friendly in recent years.

For more information about PARAMOUNT Miami Worldcenter, private showings or purchasing/ leasing information please fill out the form below:

Miami Worldcenter Unveils Construction Timeline for the Mixed-Use Development

Miami Worldcenter is currently the second largest urban development underway in the United States and occupies 27 acres in the heart of downtown Miami. The ten-block project is expected to account for $2 billion in new investment in downtown Miami and will include world-class retail, hospitality, commercial and residential uses. 

The project, whose “master plan has been in the making for more than a decade” is running on all cylinders with more than 800 workers active on site each day as the project prepares to open its first residential phase as early as this year. To date, 4,000 workers have been hired, and approximately 75 percent of those live in Miami-Dade County. A Class AA office tower of this size and scale hasn’t been built in Miami in a decade and its construction coincides with the launch of Brightline’s rail service into Downtown Miami, which will bring Miami commuters to Fort Lauderdale and West Palm Beach starting Saturday, May 19th.

The developers, Miami Worldcenter Associates, provided PROFILE with this construction timeline:

• CAOBA apartments will welcome renters to its 444 units who are seeking a well-connected location adjacent to multiple transportation hubs in the fourth quarter of this year. 
• PARAMOUNT Miami Worldcenter, a 569-unit luxury condominium tower is slated for completion during the first quarter of 2019. 
• The open-air retail, dining and entertainment component, developed in collaboration with The Forbes Company and Taubman, is underway with more than 140,000 square feet of space in construction and another 160,000 square feet forthcoming in phase one. Delivery is expected to begin in the fourth quarter of 2019.
• MDM Group expects to begin construction of its 1,700 room Marriot Marquis, complete with 500,000 square feet of meeting, exposition and event space, in the fourth quarter of 2018.
• LUMA, a 434-unit luxury apartment tower to be developed by ZOM, will break ground later this year with completion anticipated in 2020.
• A new Class AA office-led mixed-use tower developed by Hines will begin rising out of the ground next year in advance of opening to tenants in 2021.

“Today’s consumers are looking for convenience and connectivity, and Miami Worldcenter delivers on both,” said Nathan Forbes, Managing Partner of The Forbes Company. “We see strong demand for a pedestrian-friendly shopping, dining and entertainment district that will be home to premier brands and inviting public spaces flowing seamlessly with surrounding streets and nearby transit options. Once complete, Miami Worldcenter will become the perfect confluence of arts, culture, entertainment and transportation.” 

Article by Katya Demina