The $2.7 Billion Miami Worldcenter is Progressing Rapidly. Downtown Miami Will Never Be the Same

The $2.7 Billion Miami Worldcenter is Progressing Rapidly. Downtown Miami Will Never Be the Same

Sep 15, 2018 September 15, 2018

Construction is proceeding rapidly at Miami Worldcenter, the $2.7 billion mixed-use megaproject that will finally fill the blighted gap between downtown Miami and the Omni area directly to the north. Spearheaded and master planned by developers Nitin Motwani and Art Falcone, various elements of Miami Worldcenter are being built either by them or other developers, and the first part of the massive development will be completed before the end of the year.

Paramount Miami Worldcenter
Paramount Miami Worldcenter

The 27 acre project will include multiple residential towers, at least one office building, hotels, retail, and pedestrian-oriented public spaces. Approximately 140,000 square feet of retail is currently under construction at Miami Worldcenter, predominantly in the parking decks of the Caoba apartment building and Paramount Miami Worldcenter, a luxury condominium tower above an outdoor shopping mall. An additional 160,000 square feet of retail is planned at the project.

Beyond Worldcenter, the entire neighborhood is booming with new construction, as it quickly becomes the latest extension of Downtown Miami. Other notable projects nearby, including the Brightline’s MiamiCentral station, and starchitect Zaha Hadid’s One Thousand Museum, are making it a neighborhood to watch.

One Thousand Museum
One Thousand Museum

Most recently, a Citizen M Hotel was announced. It will be a 348-room, 12-story hotel along NE Second Avenue between Seventh and Eighth Streets. The hotel will be along Worldcenter’s pedestrian open-air shopping promenade. Gensler is the architect of the 128,000-square-foot building which will include nearly 2,000 square feet of co-working/creative meeting spaces. This will be the third Citizen M hotel in Miami-Dade, and the groundbreaking date has not yet been announced.

Citizen M Hotel
Citizen M Hotel

Meanwhile, Worldcenter’s flagship development, Paramount Miami Worldcenter just topped off. This luxury condominium tower is 700 feet tall, with 60 stories, and 569 luxury units. The project is noteworthy for its extensive amenities list, including an outdoor soccer field, two tennis courts, a boxing studio, golf simulator, indoor basketball court, rooftop observatory, game room, and 26 for-sale poolside cabanas, among many other features. One of the latest amenities to be announced is a 5,000 square foot residential ‘skyport’ for flying cars. It will sit atop a pedestrian shopping mall. Paramount is being built atop an outdoor pedestrian shopping mall which will be the retail heart of the project.

Paramount Miami Worldcenter
Paramount Miami Worldcenter

Meanwhile, MDM Group’s massive Marriott Marquis Miami Worldcenter hotel and convention center, adjacent to the Brightline station on the western edge Worldcenter, is breaking ground before the end of the year. It will have 1,700 hotel rooms, 500,000 square feet of meeting and exhibition space, and another 350-room boutique hotel.

The first part of Miami Worldcenter to be completed will be a rental apartment building, the Caoba Apartments. The 444-unit project, developed by CIM Group and the Falcone Group topped off earlier this year, and should be completed before the end of the year. “Miami Worldcenter’s master plan has been in the making for more than a decade, and we’re only months away from our first tower opening its doors,” Nitin Motwani told the SFBJ earlier this year. “From this point forward, we’re going to see a steady stream of project elements delivering to market – residential, retail, office and hotel – as our vision for a ‘city within a city’ in Downtown Miami becomes reality.”

Caoba is only the first of multiple residential apartment towers coming to Miami Worldcenter. Developer ZOM is hoping to break ground on a 434-unit, 40-story apartment tower called Luma at Miami Worldcenter by the end of this year, with a planned completion date of 2020.

Hines, another developer, is planning to break ground on a more than 500,000-square-foot office building at Miami Worldcenter in 2019, which will be the largest office building developed in Miami since 2010. It’s also downtown Miami’s first new office tower in six years and will cater to increasing demand for office space in the urban core. In May, the Miami Herald announced construction would begin by the second quarter of this year. 45 stories tall, it will be located at 110 NE 10th St.

Miami Worldcenter Offices
Miami Worldcenter Office building

The diamond-patterned facade, known as a diagrid structure, looks faintly like the Hearst Tower in New York. The architecture firm of Pickard Chilton Associates, from New Haven, Connecticut, won a competition to design the building. It will feature a gym, common work spaces, and even a separate elevator for employees to bring their pets to work.

Contact Us
Sep Niakan
Broker / Team Lead
(305) 697-7667
sep@blackbookproperties.com
Request Info
By sending you agree to CondoBlackBook's Terms of Use

Your Miami Condo Awaits

Recent Posts

Pre-Construction Condo Spotlight: La Baia in Bay Harbor Islands
Preconstruction Pre-Construction Condo Spotlight: La Baia in Bay Harbor Islands
Looking to bring the same transformative change to Bay Harbor Islands as he did in the South of Fifth neighborhood in South Beach with the iconic Continuum Condo Towers, developer Ian Bruce Eichner launched sales for La Baia residences in October 2021. The ultra-luxury La Baia will be a bayfront, boutique condo community featuring only 68 plush residences and its own 20-boat private marina. La Baia: A Waterfront Enclave of Luxury in Miami’s Northern Islands Crafting a new language of bespoke living on the water, La Baia condo residences will be tailored to fit Bay Harbor Islands’ tranquil ambiance. Designed by Revuelta Architecture, the stylish glass building will rise only 8 stories with a total of 68 luxury residences. Big on space, the one- to four-bedroom units at La Baia will range from 1,125 to 2,500 square feet in size. Owing to the Bay Harbor waterfront setting and expansive balconies, all La Baia residents will be able to enjoy unobstructed views of Biscayne Bay, Bal...
Introducing Downtown Miami’s Okan Tower - Luxury Miami Condos
Preconstruction Introducing Downtown Miami’s Okan Tower - Luxury Miami Condos
Meet Downtown Miami’s latest supertall condo tower that is sure to become an icon of the Magic City’s skyline for years to come - Okan Tower. With sales relaunched in November 2021 and buyers going straight to contract, after putting the project on hold, Turkish developer Okan Group is determined to make up for lost time. Back in action with revamped floor plans and the addition of an all-weather, glass-enclosed rooftop deck and observatory, the Okan Tower will feature 70 stories of luxury Sky Residences, world-class amenities, and 5-star Hilton Hotel & Resort. The Okan Residences Experience - Unfolding the Tulip Tower of Miami On track for a June 2022 opening, the condo-hotel marks Turkey-based Okan Group’s first development in the U.S. Designed by the Coral Gables-based Behar Font & Partners (the architects behind Quadro), the glass tower will feature a tulip-inspired façade as an ode to Turkey’s national flower. Certain to stand out on Downtown’s skyline, the...
Video: Take a Walking Tour of Edgewater, Miami
Lifestyle Video: Take a Walking Tour of Edgewater, Miami
Having spent almost 17 years in this mainly residential locale, Blackbook Properties’ luxury condo expert Sep Niakan takes you on his bright and sunny morning walk through this Edgewater, Miami, one of the city’s most popular waterfront neighborhoods.   Filmed in December, with a balmy winter morning temperature of 79° F/ 26° C, this scenic walking tour takes you through Margaret Pace Park and onto the Venetian Causeway. Besides being popular among walkers, joggers, and runners, the bayfront Margaret Pace Park is also a hot favorite among dog lovers, picnickers, and sports enthusiasts. The 8-acre park features two lighted tennis hard courts, two sand volleyball courts, one basketball court, personal fitness equipment, a gated playground, and more. The Venetian Causeway connects the mainland to Miami Beach, and again, makes a scenic seaside escape to clear your mind or simply absorb the sights and sounds of Miami. Watch the video to walk along. If you want see available units...
Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
Real Estate News Miami Condo Development Guide: 52 New Pre-Construction Projects in 2021
It’s a trend we’ve been talking about since the last quarter of 2020 - waves of buyers are contributing to one of the biggest real estate booms in Miami history. As individuals and businesses escape high tax states like New York and California, and have the freedom to work from any location, luxury condo developers in Miami are announcing new project after new project.   Miami condo developers announced more than 52 new and relaunched condo projects last year in 2021. In an attempt to appeal to a wide range of new residents, each new project aims to be taller, more luxurious, and offer the most exciting set of amenities imaginable, and could bring more than 10,000 residential units to Miami over the next few years. With the real estate market in Miami in one of its most lucrative cycles yet, here’s a look at the latest condo projects proposed in Miami in 2021: New Miami Condo Development Projects 2021 - Table of Contents New Downtown Miami Condo Development...
Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Real Estate News Get to Know Brickell, Miami: Comparing North Brickell vs South Brickell vs Brickell Key
Brickell is one of Miami’s most desirable and popular neighborhoods, known the world over. Starting at the junction of the Miami River and Biscayne Bay, extending from Downtown Miami south along the water to the Rickenbacker Causeway that leads to Key Biscayne, Brickell is now known as the “Manhattan of the South.”  Indeed, Brickell is one of the world’s most important international financial hubs, home to many transnational companies and professionals from around the world. But Brickell is more than just Miami’s Financial District and the largest global banking center in the US south of New York. It’s an ultimate live, work, and play destination, and many celebrities have made their home in Brickell, including such Latin pop icons as Luis Miguel, Jennifer Lopez, and the late José José, as well as salsa legend Marc Anthony. To really get to know Brickell, and also know where you might want to live, Brickell actually consists of subdivisions that exist as distinctly different...
Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Preconstruction Video: Waldorf Astoria Residences, New Heights of Luxury Comes to Miami
Combining the luxuries of New York City’s oldest hotel brand with Miami's first residential supertall tower, the Waldorf Astoria Residences Miami will transcend and transform luxurious living in Miami – all in the heart of Downtown. Moreover, a joint venture between the developers (PMG) and city will including expanding the green spaces in front of the luxury tower along Biscayne Boulevard, transforming the main boulevard of the Miami.  Waldorf Astoria Residences will be the tallest building south of Manhattan, transcending the skyline here and the heights of Miami luxury as we know it today.  Watch the video for more information.   Waldorf Astoria Residences Miami Key Details Groundbreaking: Early 2022 ​​Completion: 2025 Architecture by: Carlos Ott (conceptual artist) & Sieger Suarez (Miami’s award-winning architects). Designed to look like 9 offset crystal cubes, this sculptural condo-hotel is set to redefine Miami’s skyline. Interiors by: San Francisco’s...