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

Save on Your Miami & Florida Property Taxes with This Video!
Real Estate News Save on Your Miami & Florida Property Taxes with This Video!
Did you know that property taxes can’t ever increase more than 10% for investors in Florida? Information nuggets like this can easily shave thousands of dollars off your property tax bill in South Florida! In our latest video, Sep Niakan, founder and lead broker of Blackbook Properties, talks to CPA and Miami tax expert, Christian Daulong about the simplest ways to save money on your real estate taxes in Miami, Florida. There’s a lot to take away from this, so permanent residents, second homeowners, and investors, take note!     As a Miami homeowner, we want what’s best for YOU! That's why we’re sharing our top Florida property tax tips (try saying that fast!) for primary homeowners, second homeowners, and even investors. With these recommendations, you’ll make the most out of your South Florida property, so you can fully immerse in Miami’s vibrant culture and beautiful beaches smartly and with financial peace of mind. Learn how to maximize your benefits from the Homestead...
Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Preconstruction Pagani Residences Miami: Live in the Lap of Hypercar Luxury
Miami, it’s time to get hyped about hypercar luxury residences with the groundbreaking fusion of the hyper-automotive industry and architecture through the creation of Pagani Residences. Nestled in the picturesque North Bay Village, this exclusive development marks the world's first collaboration between Italian hypercar icon Pagani Automobili and Miami-based real estate developer Riviera Horizons. And it continues the trend of luxury car branded-residences, which has brought Miami the likes of Aston Martin Residences in Downtown Miami, Bentley Residences in Sunny Isles Beach, and of course, Porsche Design Tower, where residents drive up to their condo homes with its patented Dezervator elevator system.For Pagani’s first venture into the real estate world, Miami’s iconic skyline and global appeal make the perfect backdrop, and in this blog, you’ll find out why Pagani Residences Miami promises a living experience that is engineered to live up to its hypercar luxury name. —...
March 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
Preconstruction March 2024: Fort Lauderdale and Palm Beach Pre-Construction Condo News Update
As developers announced and launched exciting new projects, luxury condo development continued booming in South Florida. This month, partners Related Group and BH Group launched sales for West Palm Beach’s first Ritz-Carlton Residences condo development. The developer duo further launched sales for Icon Beach and won approval to build another condo-hotel in Hollywood Beach. Further, Ari Pearl swapped his plans to build a rental tower at The Club at Emerald Hills golf course with brand-new condos and villas. Read below to find details on these and more projects in our March 2024 pre-construction condo market round-up for Fort Lauderdale and Palm Beach: — March 2024 – Fort Lauderdale Condo Pre-Construction Market at a Glance Sales Launched Ritz-Carlton Residences – West Palm Beach Icon Beach Residences – Hollywood Beach Approved Diplomat Landing Hotel (Tower 2) – Hollywood Beach 1920 Pierce – Downtown Hollywood Planned/Proposed Sage Residences – Fort...
Complete List of Miami Condos with Tennis Courts
Lifestyle Complete List of Miami Condos with Tennis Courts
Tennis has been a favorite sport to enjoy throughout your life. But often it's hard to play at home – you've got to find a racquet club or local tennis complex. So if you're looking for Miami condo buildings that have tennis courts, since enjoying the sport and staying fit is a top priority, we get it. And the convenience of having a tennis court onsite is a big bonus. Since home is where the heart is, having a private tennis court right at your condo doorstep can be one of the biggest motivation factors whether you like to play for fun, fitness, or serious competition. So, for all tennis enthusiasts out there, here's a full list of Miami condos that give their residents exclusive access to tennis courts, whether hard, grass, or clay, as part of their range of amenities. — Miami Condo Buildings with Private Tennis Courts Building name Address Neighborhood City  Year Built Sq. Ft. Range # of courts 1000 Venetian Way 1000 Venetian...
Explore the Understated Elegance at Rivage Bal Harbour with Our Video Tour
Video Blog Explore the Understated Elegance at Rivage Bal Harbour with Our Video Tour
Join us for a tour of the gorgeous new sales gallery of the upcoming Rivage Residences in Miami’s Bal Harbour. Sep Niakan, founding broker of Blackbook Properties, interviews Rita Collins, sales executive at Rivage Bal Harbour, where they talk about all the hand-picked finishes, customizations, and one-of-a-kind luxuries that set this boutique project apart. It will be the next icon in oceanfront living!     — Setting New Standards of Luxury Living on the Beach Rivage welcomes you to a glamorous world of customizable finishes and thoughtful curations that make it a true villa. With only 56 sprawling residences (or less, as first buyers can combine units), this 25-story tower will deliver true boutique living on one of Miami’s most pristine beachfronts. Renowned interior designer Lauren Rottet provides a range of finishes, from wood to marble, or light to dark cabinetry, among other options, transforming each water-facing unit into a place you can instantly call home. Perfect for...
New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Opinions and Advice New Emotional Support Animal (ESA) Law Florida: Complete Condo Guide
Finding and moving to a new home can be a strenuous experience, even when you like the change you’re making. This is more so when you have an emotional condition or disability and part of your treatment involves having an Emotional Support Animal (ESA). In this case, finding a new home comes with a whole new set of challenges only you and your furry friend can know. And no one needs the added fear and stress of possibly being denied housing or being discriminated against for owning an ESA. Thankfully, a new Florida law on emotional support animals that went into effect July 1, 2020, explicitly states what you and your current/prospective landlord or HOA can and cannot do regarding Emotional Service Animals. The law applies to all condos, apartments, and rental homes. Last updated on March 27, 2024. Photo courtesy of Oleg Ivanov Here’s how the 2020 Florida ESA law empowers both sides:  — ESA Rules: What a Florida Landlord Can & Cannot Do A Florida landlord cannot deny...