Strategic Utilities Deal for 600 Miami Worldcenter in the Park West Neighborhood
In a significant move underlining its market savvy and strategic planning, a collaboration has been formed between the developers of 600 Miami Worldcenter and Miami-Dade’s Water and Sewer Department. This partnership ensures the provision of utilities for this ambitious project, marking a critical step in its progress.
The 31-story tower, a centerpiece in the Miami Worldcenter development, has moved into the construction permitting phase. This development, handled by the renowned Beauchamp Construction Co., signifies a robust investment opportunity in one of Miami’s most vibrant and growing areas.
Highlights of 600 Miami Worldcenter:
615 Residential Units: High potential for sustained rental income or resale value in a thriving market.
4,500 Square Feet Full-Service Restaurant: Adds a valuable commercial component, attracting both residents and visitors.
6,000 Square Feet Fitness Center: Enhances lifestyle appeal, increasing the attractiveness for potential residents.
The project has already gained momentum with the Urban Development Review Board’s endorsement in July, indicating strong local support and a green light for the forward-moving design and construction phases.
David Arditi’s involvement, representing the developing entity, and the formal utilities agreement recorded on December 19, further solidify the project’s foundation. Aria Development and Merrimac Ventures, standing behind this venture, bring a wealth of experience and a track record of successful developments.
For more information and to discuss investment opportunities, contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Naftali Group’s Vision for the Miami Worldcenter Tower
The New York-based Naftali Group has unveiled its grand plans for a 67-story mixed-use skyscraper within the heart of the Miami Worldcenter. This ambitious project, set to rise over 700 feet, will be situated on a 1.02-acre plot at 1044 and 1016 Northeast 2nd Avenue.
Designed by the esteemed Miami-based Arquitectonica, with interiors crafted by New York City’s Rockwell Group, this tower promises to be a beacon of modern architecture. The building will encompass nearly 1.3 million square feet, housing 259 luxurious condominiums under the “JEM Private Residences” brand. These residences will range from cozy studios to expansive four-bedroom units, with sizes varying from 469 to 2,052 square feet. In addition to these, the tower will feature 550 rental apartments, 3,600 square feet of prime commercial space, and a parking garage for approximately 591 vehicles.
The tower’s design is a testament to modernist principles, with its rhythmic façade and horizontal bands creating a sense of fluidity. This design not only enhances the building’s aesthetic but also serves functional purposes, optimizing sunlight and ventilation. The tower’s glass facade, juxtaposed with other materials, strikes a balance between privacy and engagement with the surrounding urban landscape.
The interiors, conceptualized by Rockwell Group, exude precision and elegance. The kitchens, adorned with custom millwork cabinetry and Calacatta stone countertops, will feature top-of-the-line Miele appliances. The primary bathrooms will showcase custom medicine cabinets, honed Dolomite white countertops, and sleek fixtures, with some units boasting standalone soaking tubs. Condominiums will be priced starting at $540,000, occupying floors 43 and above, while rental apartments will be housed between floors 10 and 42.
JEM Private Residences promises an unparalleled amenity suite on the 50th floor, rivaling the offerings of luxury hotels. Residents can unwind in the Sky Lounge, take a dip in the 60-foot pool, or relax in cabanas and floating daybeds. Fitness enthusiasts will appreciate the state-of-the-art indoor gym and outdoor fitness areas, complete with a boxing arena and yoga patio. The spa suite, with its unique dry sauna, steam room, and tranquil pink Himalayan salt room, promises rejuvenation. Additional facilities include a game room, co-working spaces, and a spirits-tasting room.
This project underscores the Naftali Group’s commitment to redefining luxury real estate in South Florida. With over three decades of experience and successful developments in locales from New York City to Singapore, the group’s foray into Florida is eagerly anticipated. Their portfolio boasts over 3 million square feet of planned development, with iconic properties like “The Shephard” in the West Village and “The Benson” on Madison Avenue to their credit.
The tower’s strategic location, nestled between Northeast 10th and 11th Streets and adjacent to the Eleventh Street Metromover Station, places it in proximity to other notable developments. It’s set to break ground in the second quarter of 2024.
Juvia’s Strategic Pivot-a Testament to Miami’s Flourishing Landscape
In the dynamic world of investment, adaptability is paramount. Similarly, in the realm of Miami’s culinary scene, Juvia, the illustrious rooftop restaurant and bar that once held sway over Lincoln Road’s nightlife, has demonstrated this principle. After an impressive 11-year run in Miami Beach, Juvia is set to transition to the Miami Worldcenter—a staggering $6 billion, 27-acre development poised at the epicenter of downtown.
Jonas Millán, the visionary behind Juvia Group alongside his partner Alexandra, remarked on the city’s transformation, “Over the past decade, Miami has transcended its identity as merely a beach destination. Its metamorphosis into a burgeoning metropolis necessitated our evolution.” After meticulous scouting, the Miami Worldcenter emerged as the unequivocal choice for Juvia’s next chapter. Millán envisions the new establishment, slated for a late 2024 launch, to surpass its predecessor in grandeur, boasting expansive outdoor spaces and a more lavish terrace bar.
The Miami Worldcenter, located at 1010 NE Second Ave., is not just a real estate marvel but a culinary hub. It already houses three ventures from the esteemed Chef Michael Beltran’s Ariete Hospitality Group. Furthermore, 2024 will witness the inauguration of several more dining establishments, including New York’s Serafina and Dallas’s Sixty Vines, among others. Beyond gastronomy, the development is set to feature retail giants like Sephora and Lululemon, as well as avant-garde entertainment venues.
Juvia’s culinary direction remains rooted in its legacy—French cuisine infused with Latin nuances. However, with Miami’s dining scene witnessing a renaissance and the city earning Michelin accolades, Millán acknowledges the heightened benchmarks. “The culinary landscape is evolving rapidly. While some perceive market competition as daunting, I view it as a catalyst—an impetus to innovate and elevate our offerings.”
Nitin Motwani, the strategic mind behind Miami Worldcenter Associates, always envisioned Juvia as the crown jewel of the development’s rooftop. Familiar with Millán’s prowess through Bonito St. Barth, Motwani recognized Juvia’s transformative impact on Miami Beach. “Their influence was palpable. Our initial blueprints often echoed the sentiment, ‘Imagine having an establishment akin to Juvia here.’ Their relocation is serendipitous—a confluence of an expiring lease and the allure of what’s poised to become Miami’s nexus.” Motwani envisions the Worldcenter as a tapestry of diverse experiences, with Juvia serving as both a haven for celebratory occasions and a regular dining fixture.
In the high-stakes world of real estate, we understand the significance of strategic shifts and seizing emerging opportunities. Juvia’s transition is emblematic of this ethos—a testament to the vision, adaptability, and promise of Miami’s burgeoning landscape.
Abbhi Capital Breaks Ground on 2 Million Square Foot Development at Miami Worldcenter
With a ground-breaking of a 2 million square foot mixed-use development that includes the area’s first significant office building, Abbhi Capital plans to revolutionize Miami Worldcenter.
On September 20th, the city’s Urban Design Review Board will consider the expansive project, which consists of a 59-story residential tower and a 33-story office tower joined by a shared podium with plenty of parking. The property was purchased by SanaProperty8LLC, an affiliate of Abbhi Capital, for a total of $44 million between 2020 and 2021. It is located at 1001 N.E. First Ave. The development will have 1,319 spacious parking places, 7109 square feet of retail and dining space, 368,362 square feet of available commercial space, and 558 residential units.
An amenities deck including a pool, jacuzzi, pickleball courts, fitness center, coworking spaces, media room, and even a dog grooming station will be available to residents and renters on the 12th level. The construction intends to accommodate a variety of lifestyles with the majority of residential apartments beginning on the second floor and ranging from small 570-square-foot studios to roomy three-bedroom residences covering 1,562 square feet.
Ten city blocks make up Miami Worldcenter, which is next to Museum Park, which is home to the Frost Museum of Science and Pérez Art Museum Miami, as well as the FTX Arena, Adrienne Arsht Center for the Performing Arts, and Wolfson Campus of Miami Dade College. Miami Worldcenter is the largest and best-connected transit-oriented development in Florida thanks to its proximity to Brightline’s MiamiCentral station, which provides direct train service to Fort Lauderdale, West Palm Beach, and Orlando and access to Tri-Rail, the Metromover, and the Metrorail.
Lalezarian Properties Releases Renderings for New Towers at Miami Worldcenter
The entire vision for Miami World Towers, a massive mixed-use project slated to drastically transform Block E within the 27-acre Miami Worldcenter complex in downtown Miami, has been revealed in new renderings and site plans. This project, which consists of four buildings and is expected to further transform the Miami skyline, was created by Nichols Architects with Kimley-Horn serving as the landscape architect. Miami World buildings LLC, an associate of Lalezarian Properties, is the project’s developer.
The recently released designs and images feature a 25-story North Tower, a 68-story South Tower, a 68-story West Tower, and a 557-unit East Tower, The East tower is presently under construction. It is anticipated that these new towers will add about 2,137,110 square feet of space, including 2,040 residential units, amenities, and 810 extra parking places. The four towers will produce 2,600 residential units and 3 million square feet of space. On September 20th, Miami’s Urban Development Review Board is scheduled to examine the proposal.
According to the renderings by Nichols Architects, the four-tower complex will be extremely dense and take up nearly the entire block. The facades will vary and include Miami’s first examples of many architectural styles. Tower 3, despite being significantly taller, follows the same design aesthetic as Tower 1. It has floor-to-ceiling glass windows, elegant silver aluminum frames, and glass balcony handrails that enhance the façade while subtly highlighting the superstructure’s distinctive wave-like concrete balcony slabs. This beautiful mix highlights the tower’s characteristic exterior curves, giving the impression that the edifice is moving.
On the other hand, Tower 2 introduces a series of white diagrid aluminum-clad columns for both its 25-story and 68-story tower facades, featuring diamond-shaped patterns between the columns, various chamfering edges, sections of staggered slabs, and glass curtain walls. This design is reminiscent of the Foster + Partners-designed, 46-story Hearst Tower in New York City, as well as an office tower Hines has planned for their Miami Worldcenter site.
The Miami World Towers’ units will come in a range of floor plans, with sizes from 380 to 1,286 square feet and comprising studios, one-bedroom, one-bedroom with a den, two-bedroom, and three-bedroom designs. The majority of amenities will be located on the 14th floor, while rooftop pools can be found on levels 65 and 66 of the two larger towers.
Miami World Towers, which strategically places more than 2,000 residential apartments close to a number of Metromover and Metrorail stations, adds to the city’s urban appeal by providing inhabitants with easy access to Miami’s enormous public transit system. The property includes 2,994 square feet of commercial space on the ground floor, which adds to its attraction by enhancing the streetscape and promoting a lively pedestrian environment.
Additionally, the proposal places a high priority on pedestrian connectivity by constructing a publicly accessible promenade that effortlessly directs people from NE 8th Street to the opulent lobby of Tower 2. The Miami Worldcenter Promenade is accessible to locals and guests via this lobby connection that extends to a pedestrian paseo. This ground-breaking promenade, created especially for pedestrians, connects Biscayne Boulevard and the larger Miami Worldcenter Area in a busy east-west corridor, further enhancing the project’s role in encouraging vibrant urban interactions.
New Restaurants to Open at Miami Worldcenter in 2024
The long list of tenants at Miami Worldcenter, a $6 billion, 27-acre mixed-use complex remaking the center of Downtown Miami, will grow by four national food and beverage concepts.
A dual-concept location for BurgerFi and Anthony’s Coal Fired Pizza & Wings has been signed by the development’s ownership group, as well as leases with Serafina, an internationally renowned Italian restaurant group founded in New York City; Sixty Vines, a sustainable restaurant with an exciting wine-on-tap program and food inspired by vineyards.
The development’s exceptional lineup of recently opened food and beverage outlets, which already includes three concepts from Michelin-starred Chef Michael Beltran of Ariete Hospitality Group’s Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar, as well as two more eateries anticipated to open soon, Earls Kitchen & Bar and Chicago’s Maple & Ash, will be strengthened by the development’s newest restaurants, which are anticipated to open in 2024.
The 300,000 square feet of retail, dining, and entertainment space at Miami Worldcenter, one of the largest privately owned and developed urban real estate developments in Florida, complement the diverse mix of residential, commercial, and hospitality uses that it offers. Approximately 84% of the retail space in the property is leased. In collaboration with CIM Group, Miami Worldcenter is being built by master developers Miami Worldcenter Associates, headed by Managing Partners Art Falcone and Nitin Motwani.
Ten city blocks make up Miami Worldcenter, which is next to Museum Park, home to the Frost Museum of Science and Pérez Art Museum Miami, Adrienne Arsht Center for the Performing Arts, and Wolfson Campus of Miami Dade College. Miami Worldcenter is the largest and best-connected transit-oriented development in Florida thanks to its proximity to Brightline’s MiamiCentral station, which provides direct train service to Fort Lauderdale, West Palm Beach, and Orlando and access to Tri-Rail, the Metromover, and the Metrorail.
Miami Worldcenter Welcomes New Lucid Motors Location
Lucid Motors, a producer of high-end electric vehicles, has unveiled the opening of its newest plant at Miami Worldcenter, a revolutionary $6 billion, 27-acre mixed-use development in Downtown Miami.
Lucid Motors has joined the list of freshly launched restaurants and bars, well-known national retailers, and the citizenM Miami Worldcenter hotel as concepts. Earls Kitchen & Bar, Maple & Ash, Sports & Social, Bowlero, and the renowned Museum of Ice Cream are just a few of the exciting new attractions that will soon be opening. Miami Worldcenter, one of the biggest privately owned and constructed urban real estate projects in Florida, provides a vibrant mix of residential, business, and hospitality facilities as well as a staggering selection of shopping, dining, and entertainment options.
The almost 23,000 square foot space includes a Lucid Studio where clients may test-drive the company’s upscale electric cars, including the lauded Lucid Air sedan. The building also functions as a service and delivery center for Lucid Air, open Monday through Friday from 11:00 a.m. to 7:00 p.m. and on weekends with modified hours.
The project is overseen by Managing Partners Art Falcone and Nitin Motwani and is managed by Miami Worldcenter Associates in collaboration with CIM Group. Nitin Motwani expressed delight about the inclusion of Lucid Motors, highlighting the brand’s cutting-edge premium appeal and its commitment to the goal of Miami Worldcenter as a lively live, work, and play destination in the center of the city.
In addition to its amenities, Miami Worldcenter has World Square, a lively 20,000 square foot public plaza and park intended to serve as a hub for gatherings. With alternatives for dining, entertainment, and shopping, the plaza provides open space, shaded places, and sidewalks that are favorable to pedestrians.
The $5 million public art project at Miami Worldcenter, organized by the Miami-based curatorial collective PRIMARY and renowned art dealer Jeffrey Deitch, turns the building into a permanent outdoor gallery. Large-scale murals, paintings, and sculptures, as well as other contemporary and modern works by internationally renowned artists, are on display as part of the effort.
Witkoff Proposed 3 Tower Development at Former Miami Arena Site
Three tower development has just been proposed to the Miami Urban Development Review Board at the site of the former Miami Arena.
In May 2023, developer Witkoff signed the utilities deal for the site located at 700 N. Miami Avenue at Miami Worldcenter.
The original design for the tower showed the tallest out of the three buildings to reach 57 stories tall. This revised proposal states that the three towers will rise 577 feet, 589 feet, and 615 feet with the tallest of the towers to reach 54 stories. The ground floor supermarket was in the original plans for the development but according to the proposal, it is no longer included.
The 700 N. Miami site proposal also includes 30,535 square feet of commercial space, 2,078 parking spaces on levels 2 through 9, and 2,346 residential units. Amenities for the development will include an amenity deck, indoor lounges, rooftop amenities for each tower, and pools for each tower.
Kobi Karp is listed as the architect for the project. The Urban Development Review Board is scheduled for June 21, 2023.
Museum of Ice Cream to Open at Miami Worldcenter
In 2024, Miami Worldcenter will welcome the permanent opening of the Museum of Ice Cream. The new facility will be more than 14,000 square feet on two levels, with an entrance on the pedestrian promenade of Worldcenter.
The Museum of Ice Cream will feature 10 interactive installations that are inspired by Miami including, MOIC’s sprinkle pool, the Hall of Freezers, Mary-E’s Diner, and the Cream Liner.
There will also be 5 stations where guests can taste sweets during the 60-90 interactive tour
The art installation was originally open in 2017 at Faena Miami Beach for as a temporary location for 2 months but was so popular, they kept the installation up for 6 months.
Museum of Ice Cream is located at Miami Worldcenter at 851 NE 1st Avenue, Unit 134, Miami.
Miami Worldcenter is a $6 billion mixed-use complex in downtown Miami, which is spread across 27 acres and ten city blocks and includes retail, hospitality, business, and residential areas, is one of the biggest private urban real estate developments in the United States. Three residential buildings, a sizable chunk of the retail area, and a recently built CitizenM hotel are among the project’s phases that have already been finished and are occupied.
