South Florida’s largest construction site is running on all cylinders.
The developers behind Miami Worldcenter, a $2 billion mixed-use development reshaping the center of Downtown Miami, unveiled timelines for construction this week: The open-air retail, dining, and entertainment component, developed in collaboration with The Forbes Co. and Taubman, is well underway, with more than 140,000 sq. ft. of space in construction and another 160,000 sq. ft. forthcoming in phase one.
Delivery is expected to begin in the fourth quarter of 2019. Other elements of the project will open as early as this 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,” says Nitin Motwani, managing principal for Miami Worldcenter Associates. “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.”
Miami Worldcenter is the second-largest urban development underway in the U.S., totaling 27 acres spanning ten city blocks. the project includes a 1,700-room Marriott Marquis hotel, more than 1,000 apartment units, and a Class AA mixed-use tower primarily housing office space.
When complete, Miami Worldcenter will occupy 10 city blocks surrounded by some of the most exciting demand drivers in Miami, including Museum Park, home to Perez Art Museum Miami and the new Frost Museum of Science; AmericanAirlines Arena; the Adrienne Arsht Performing Arts Center; Brightline railway’s Miami Central station; and Miami-Dade College’s Downtown Miami campus.
Construction of Miami Worldcenter coincides with the May 19 launch of Brightline’s rail service into Downtown Miami, which brings private passenger trains to the city’s urban core for the first time in more than a half-century. Miami Worldcenter’s adjacency to Brightline’s Miami Central station—which provides a central hub for public transit connections—makes the project the largest and most-connected transit-oriented development in South Florida.
“Today’s consumers are looking for convenience and connectivity, and Miami Worldcenter delivers on both,” says Nathan Forbes, managing partner of The Forbes Co. “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.”
To view a 360-degree panorama of the project, click here.