Miami Condo Market and Lifestyle Updates
New World Trade Center Proposed at PortMiami

New World Trade Center Proposed at PortMiami

by Sep Niakan | March 18, 2014

Officials of PortMiami and the World Trade Centers are seeking funds from investors for a plan to develop a World Trade Center at PortMiami.

The World Trade Center Project will take about 20 years to build, and will comprise of 1.2 million square-feet of hotel space, 1 million square-feet of residential space, and 4.5 million square-feet of office space. The project was designed by architect Chad Oppenheim.

A development team will be selected within the next month to begin creation of the World Trade Center in Miami.

A controversy over the World Trade Center arose when a more recent proposal by David Beckham came to light. Beckham wanted to create a soccer stadium at the site.

Supporters of the soccer stadium believe that the commercial strategy of the World Trade Center is too pushy, but Beckham’s reputation for architecture and business may bring the foot traffic as well as the political support that PortMiami needs.

 “The conversation about soccer has never been just about soccer,” Miami-Dade Mayor, Carlos Gimenez says, “If a stadium can be a catalyst to development, we’re interested. If a stadium is going to be a hindrance, we’re not interested.”

Some believe that the World Trade Center is more practical than a soccer stadium, but ultimately the support will decide which idea is the more popular.

 

Source: exmiami.org

Photo credit: WTC renderings exmiami.org

Recent posts

Lifestyle

Where to Find the Best Latin and Caribbean Food in Miami?

by Sep Niakan | February 15, 2017

Miami has always been a melting pot of cultures. From the Bahamians that came to work at the Peacock Inn in the 1870s to influx of Cuban immigrants in the 1960s. Miami didn’t just welcome people with open arms, but also embraced their...

Lifestyle

A Note from Sep: Valentine’s Day Thoughts in Miami, The Global City

by Sep Niakan | February 14, 2017

Valentine’s is just around the corner, and while most people equate Valentine’s Day with romantic love, I prefer to celebrate love in a broader sense. To me, it’s more about celebrating bonds and relationships of all kinds,...

Real Estate News

2017 is Going to Be a Renter’s Market for Downtown Miami Condos and Apartments

by Sep Niakan | February 12, 2017

If you thought living in Downtown Miami was a distant dream, think again. 2017 comes bearing great news for those who’ve always wanted to live close to the urban core but couldn’t afford it. You will now be able to rent a Downtown Miami...

Real Estate News

Cité Condo in Miami Edgewater is Now Fannie Mae Approved, 5% Down Payments Are Back

by Sep Niakan | February 12, 2017

If you’ve been eyeing property in Edgewater, I have great news for you. With Edgewater’s Cité condos getting Fannie Mae approved, you could now get in with a lower down payment. Or better still, have reduced monthly payments due...