One of America’s most exciting cities is giving rise to a vibrant new center. At almost 30 acres, Miami Worldcenter achieves the heights of a world-class destination. A dynamic urban core of diversity and excitement, Miami Worldcenter brings a new energy to Miami with a compelling blend of exceptional retail, restaurants, entertainment, hotel, residential and commercial offerings in one unique location.
Miami Worldcenter
The Miami World Center is a nine block mixed-use development immediately north of the Central Business District in downtown Miami. It is defined by NE 2nd Avenue to the east, North Miami Avenue to the west, NE 11th Street to the north, and NE 6th Street to the south. Spanning over twenty five acres, the Miami World Center includes a dynamic mix of retail, residential, office, and institutional uses. It will create a vibrant, walkable pedestrian environment with a unique sense of place: a modern design statement driven by Miami’s unique physical context, culture, and architectural heritage.
These nearly 30 acres in the heart of downtown Miami will be transformed into one of the largest private master-planned urban environments in the world. With up to 20 million square feet of buildable area, this is not a project or a development – it is a city within a city
According to exMiami, the owners of the planned Miami Worldcenter megaproject have picked up two more pieces of land in their quest for world domination. Already having caused a big brouhaha when they snagged Grand Central Park, they are now said to be the purchasers of the recently sold Grand Central Nightclub across the street and the former Camillus House site at 726 NE 1st Avenue. And the Worldcenter real estate shopping spree shows no signs of stopping. We can only speculate at how big this project will eventually be.
Miami Worldcenter – Condos, Residences and Floor Plans
Although is too early to tell how many residential towers this project will feature, but considering the developer is still looking to expand the project. Worldcenter has not released any information but its safe to assume this will be happening soon. Taking advantage of the huge monetary power brought by foreign buyers that still drives in. Read more about “Miami, Dubai and London among the top global cities enjoying double digits price Growth”
Miami Worldcenter – Location
Although still one of the most desolate areas of downtown Miami, the Worldcenter land and its immediate environs have a big, big future, including of course the Worldcenter itself, that new Zaha tower about a block away to the east, and the new All Aboard Florida train station about a block away to the south.
Now that the City of Miami has unanimously approved the zoning package and development agreement for Miami WorldCenter, plans are unfolding quickly. The $2 billion project’s master development team has announced an initial construction timeline for its first phase. Physical site work is expected to get underway in the first quarter of 2015 with vertical construction set to begin in mid-2015.
Miami Worldcenter will occupy 27 acres in the heart of Downtown Miami, making it one of the largest real estate developments underway in the United States. The first phase of the 10-block project will include world-class retail, residential towers, and an expo center with a hotel right beside it.
Miami Worldcenter is a collaboration between Miami Worldcenter Associates and a team of best-in-class development, design, and engineering firms. On the retail front, Forbes Company and Taubman will deliver a 765,000 square-foot shopping mall anchored by Bloomingdale’s, Macy’s, and complementary dining and entertainment options.
The future of Downtown Miami shimmers as Miami Worldcenter, the second largest urban development in the United States, becomes a reality! Spanning almost 30 acres in the heart of Downtown Miami, Miami Worldcenter will feature a signature residential condo tower that will sit directly atop its exclusive Mall at Miami Worldcenter. This signature condo tower, Paramount Miami Worldcenter, will truly be a residential gem in the epicenter of Downtown Miami.
Paramount Miami Worldcenter condo tower will consist of 57 stories of luxury rising over 700 feet above the Magic City’s vibrant lights. Paramount Miami Worldcenter will consist of 470 luxury, contemporary condos with only 12 residences per floor. The spacious condos at Paramount Miami will range in square feet from 1,294 to 2,376, under air conditioning, and offer a variety of floor plans including 1 bed + den / 2 bath, 2 bed + den / 3 bath, 3 bed + den / 4 bath and Penthouse residences. You may view and download all of the Paramount Miami Worldcenter floor plans in our floor plans database.
Residences at Paramount Miami Worldcenter will feature private elevator access with private entry foyers, 10’ ceilings throughout, spacious outdoor living rooms, large entertainment areas, European-designed kitchens, full-size laundry rooms, spa-like bathrooms with rain showers and soaking tubs and access to Paramount’s exclusive residence smart phone app. In addition to the luxury and comfort of each residence, residents are certain to love the unparalleled amenities at Paramount Miami Worldcenter.
Miami city commissioners on Monday easily approved a multi-year tax-rebate deal worth tens of millions of dollars for the giant Miami Worldcenter project, overriding complaints from a score of Overtown residents, labor officials and activists that the plan was rushed through.
The 5-0 vote came during a rare, middle-of-the-holidays meeting of the city commission, sitting as the board of the Southeast Overtown/Park West Community Redevelopment Agency, in a packed community room at Camillus House. The unusual timing was prompted by what the project’s developers say were pressing contractual and financial deadlines.
The subsidy package would kick back more than half the property taxes paid out to the redevelopment agency by the owners of the 10-block complex, which sits inside the CRA’s boundaries – or as much $88 million through the 12-year life of the deal. The CRA typically gets a big chunk of property taxes generated by new development inside its boundaries for the purpose of remedying blight, including by providing financial incentives to attract private developers.
In exchange, corporations managed by Miami World Center Holdings, LLC, and shopping center developer The Forbes Company agreed to pay higher wages and ensure their contractors and subcontractors hire up to one-third of their unskilled workers from Overtown and then around Miami and the county.
Also somewhat unusual was the fact that city officials made little attempt to make a case in a three-hour-plus hearing for why the $1 billion Miami Worldcenter development, in the planning for more than a decade and backed by deep pocketed investors from Palm Beach County and California, needs financial incentives in order to build.
CRA staff made no presentation at the outset, and board chairman Keon Hardemon simply opened up the floor to public comments to start the hearing. Worldcenter managing partner Nitin Motwani spoke only to thank the city.
Indeed. Its actually number two and a definite number two. After NYC, they have the most towers under contruction, and when finished, it will have 50 towers over 500 feet. It has 6 super talls in the pipeline, two which are in demo, and thats not even getting to the proposals.
Proposals rank number two, after NYC.
Miami-Dade County as a whole has 300 towers over 12 floors in the pipeline. Sunny Isles alone has 3 towers u/c or in demo that will be over 600 feet and that’s just one of numerous satellites that’s booming.
In terms of what is below 500 feet, the numbers become higher. Many developments, some including 1000’s of units are u/c. Miami is also building the largest mall in the country. Something like 25-30% larger than the Mall of America.
Part of Miami Worldcenter’s Tract A (which is partially under construction) is in negotiations to be sold off to a retail developer, according to newly released bond documents .
The sale would include 1.4 acres at a price of about $25m. Approximately 500,000 square feet of retail and commercial is expected to be built on that site.
On a separate parcel, MWC Holdings is developing 350,000 square feet of retail, which Taubman and The Forbes Company have an option to purchase. Construction will begin by the end of the first calendar quarter of 2017.
Tract A is now also expected to include a 200-room hotel. MWC Holdings intends to develop a boutique hotel, “likely with a development partner,” the documents state.
