Miami Worldcenter to Get More Retail, Parking
- Apr 25, 2019
The developers of Miami Worldcenter, the $4 billion mixed-use project that begun construction in 2016, have broken ground on a 50,000-square-foot, street-level retail property and a public garage of 922 parking spaces. The 27-acre site will feature residential, commercial and hospitality buildings as well as 300,000 square feet of retail, restaurant and entertainment space.
This construction phase involves a portion of the project’s high-street retail promenade and one of the two public parking garages fronting Northeast Seventh Street, between Northeast First and Second avenues in Downtown Miami. Part of the structure’s rooftop will have an amenity deck serving Luma, the 43-story luxury rental tower developed by ZOM Living.
“We have almost 200,000 square feet of world-class retail space now under construction across the site, which reflects the strong feedback we’ve received from brands from around the world and across South Florida,” said Nitin Motwani, managing partner at Miami Worldcenter Associates, in prepared remarks.
Although retail is a key component of Miami Worldcenter, the 10-block development also encompasses a 444-unit apartment tower that was recently delivered—dubbed Caoba—a 513-unit luxury condo tower slated for completion in June, a 348-key hotel expected to break ground this year and Luma, the 434-unit tower currently under construction. Furthermore, Hines intends to build a Class A office tower totaling up to 500,000 square feet and MDM Group plans a 1,700-key Marriott Marquis hotel as well as a 500,000-square-foot adjacent meeting, exhibition and convention space.