Financing Secured for The Crosby Miami Worldcenter
The vertical construction of The Crosby Miami Worldcenter, which is positioned to provide further density to the existing buildings at Miami Worldcenter, has been successfully funded with a sizeable $94.2 million by The Related Group and Merrimac Ventures. According to building permits submitted to the FAA in January, the residential tower is planned to rise 33 floors high and is anticipated to reach its peak at about 377 feet above ground, or 390 feet above sea level.
The loan was given to DT G Block LLC, a joint venture organization connected to the developers, by the Arkansas-based Bank OZK. The project’s interior design and architectural design are being handled by AVRO|KO and Cohen Freedman Encinosa & Associates.
The Crosby Miami Worldcenter, which commenced work earlier this year, is planned to have 3,370 square feet of ground-floor retail space and 450 completely furnished, ready-to-rent condos.
The Crosby’s construction should advance more quickly now that the finance is secured. It will stand out for its remarkable architectural design, which embodies contemporary luxury. The tower’s sleek design, which is accentuated by modern finishes, is made to blend perfectly with Miami’s dynamic cityscape.
The Crosby is cleverly constructed to take full advantage of its location, with the lower floors laying out a sizable retail area that is open to the public. The amenities offered by the skyscraper are designed to fit a contemporary urban lifestyle. The Crosby residences’ allowance for completely furnished units to be posted for short-term rentals on websites like Airbnb represents an important trend in the Miami condo market and is a standout feature of the development.
Beauchamp Construction serves as the general contractor and according to the current schedule, The Crosby is expected to be complete in the first quarter of 2025.
If you or someone you know have an interest in purchasing at The Crosby Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Cigar Bar El Vecino Set to Open May 5th at Miami Worldcenter
A distinguished cigar bar with expertly chosen wine and beverage menus, award-winning service, and a relentless passion for bringing people together at the table will open at Miami Worldcenter May 5th, 2023, El Vecino.
Courtesy of Ariete Hospitality Group (AHG) and Chef Michael Beltran, El Vecino wants to be among the best cigar shops in Miami and a top cigar destination nationwide.
Modern air filtration and humidification technologies were used to build the exquisitely constructed area, which provides a luxurious environment with soft furnishings and amenities. This ensures that visitors are comfortable. The interior of El Vecino is 1,600 square feet and features historical furnishings, premium wood, booths, velvet and leather furniture, a 10-seat bar, and a specially made walk-in humidor for cigars.
The ScapeGoat in Miami Beach, The Gibson Room on Coral Way, and most recently Brasserie Laurel (Michelin Guide mention) and Chug’s Express at Miami Worldcenter in Downtown are just a few of AHG’s expanding family of eateries and bars. Ariete (Michelin Star), Navé (Michelin Guide mention), Chug’s (Bib Gourmand recipient), and The Taurus are all located in Coconut Grove.
A large variety of quality cigars, as well as a variety of whiskey, bourbon, wine, beer, and seasonal creative cocktails, will be available at the upmarket cigar lounge. Customers will also be able to place orders for snacks and light cuisine from the nearby Brasserie Laurel restaurant.
El Vecino is situated along the 7th Street pedestrian promenade of Miami Worldcenter at 698 NE 1st Avenue Suite G-172, near the base of the Caoba residential tower. In the core of Downtown Miami, the $4 billion mixed-use attraction called Miami Worldcenter, which spans ten city blocks and 27 acres and is one of the largest private urban real estate developments now under construction in the United States, offers top-notch residential, commercial, hospitality, and retail applications. Three residential buildings and a sizable amount of the retail component of the project have already been finished and are occupied, while a hotel construction is scheduled to open in Q4 of 2022.
The Crosby Miami Worldcenter Construction One Step Closer to Breaking Ground
The Crosby Miami Worldcenter, has applied to the Federal Aviation Administration for height approval. According to a filing with the agency on January 12, the tower will be 377 feet above ground, or 390 feet above sea level.
The construction permit that was filed in July 2022 states that The Crosby will include 450 condo units and 3,370 square feet of retail in a 33-story tower.
The Crosby Miami Worldcenter will sit on 0.55 acres in the Park West neighborhood of Miami. The units themselves will be fully furnished and finished from studios to two-bedroom floor plans. Square footage will range from 350 to 825 square feet and pricing will begin in the low $300,000. Interiors will be curated by AvroKo.
Residence Features Include:
9-foot-high ceilings with floor-to-ceiling glass windows
Balcony with every residence
Finished interior and exterior flooring
Gourmet kitchens featuring custom Italian cabinetry
Bosch appliances, including paneled refrigerator/freezer, dishwasher, built-in convection oven/microwave, and cooktop
Rain showers in primary bathrooms and custom Italian vanities
Full-size washer and dryer in unit
Fully built-out closets
Contemporary lighting packages, including recessed lighting, dimmers, and lighting control
Brilliant smart-home system offering seamless personalization with the touch of a button, including the ability to control audio, climate, window treatments, and lighting systems
Smart keyless entry system allowing you to unlock your door via smart app, door code, keycard, or Apple Watch
The Crosby will be designed by Cohen Freeman Encinosa (CFE) Architects. The design of the tower appears modern with floor-to-ceiling glass windows on every floor and expansive terraces throughout. The Crosby features over 22,000 square feet of luxury amenities from a rooftop pool to a ground-floor restaurant.
Tower Amenities Include:
Expansive rooftop resort-style pool with jacuzzi, cabanas, and grilling stations perfect for entertaining
Inviting fire pit lounge with breathtaking views of the Biscayne Bay skyline
State-of-the-art fitness center featuring saunas and plunge pools
Clubroom with private dining and stunning water views
Convenient juice and coffee bar
Spacious coworking center
Gaming lounge
Curated museum-quality art throughout all common areas
24/7 security services, high-speed elevators, and controlled property access
24/7 concierge services European porcelain flooring
The Crosby will have no rental restrictions and the buyers are able to rent out their units using any available platform for as many days as they would like. In the announcement, Related expects the buyers to be mostly investors due to there being no restrictions.
If you or someone you know have an interest in purchasing at The Crosby Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.
Chug’s Express at Miami Worldcenter Opening Monday, January 16, 2023
Chug’s Express will officially open on Monday, January 16th at Miami Worldcenter! For your morning coffee and some items to-go, stop by Chug’s Express, which is open from 8:00 am to 3:00 pm at the Caoba building at 698 NE 1st Ave in Miami, Florida 33132. Favorites from Chug’s Diner including croquetas, pastelitos, and coffee will be available at the Chug’s Express “ventanita.”
Breakfast Sandwiches
Sausage, egg & cheese house-made pork sausage, American cheese, scrambled egg, mayo
Chug’s Express is owned and operated by the Ariete Hospitality Group. Ariete Hospitality Group extends beyond excellence in cuisine, drink, and hospitality. They are dedicated to elevating the bar for dining in Miami and demonstrating to the world that the city is capable of providing top-notch dining experiences with every concept.
The staff is led by Executive Chef and Owner Michael Beltrán, a native of Little Havana who later trained with Miami’s greatest chefs before launching AHG’s flagship restaurant, Ariete. AHG’s Ariete has been recognized with a 2022 MICHELIN guide star for Chef Beltran’s, who has twice been nominated as a semifinalist for the James Beard Award for Best Chef: South and a 2021 StarChefs Rising Star.
Chef Beltran’s interpretation of a Cuban-American diner, Chug’s Diner, has also been recognized with a 2022 MICHELIN guide Bib Gourmand. This enterprise is personal for Chef Beltran and the staff who have embraced the vision for Miami.
Miami Worldcenter Completes Construction on 255,000 Square Feet of Retail Space
The Miami Worldcenter’s “Jewel Box,” which has a contemporary design and is enclosed in floor-to-ceiling glass, is situated at the intersection of the 7th Street Promenade and World Paseo open-air retail pedestrian streets, directly west of the development’s upcoming CitizenM boutique hotel and north of the finished luxury apartment tower Bezel Miami.
Approximately 255,000 square feet of retail space have now been finished at Miami Worldcenter with the completion of F-East as tenants actively finish out their spaces.
Another 80,000 square feet of lifestyle-focused retail space has been constructed by Miami Worldcenter’s developers. Block F-East, a standalone structure that is part of the $4 billion mixed-use complex in the center of Downtown Miami, is one of the last retail components of the 27-acre project to be completed.
Sephora, lululemon, Savage x Fenty, Ray-Ban, Posman Books, and Lucid Motors are among the impressive list of recently opened and upcoming tenants at Miami Worldcenter. Other dining and entertainment options include Bowlero, Sports & Social, Michelin-starred Chef Michael Beltran’s Brasserie Laurel, El Vecino, and Chicago’s Maple & Ash and Etta restaurants.
The 300,000 square feet of retail, restaurant, and entertainment space at Miami Worldcenter, one of the largest private urban real estate developments in Florida, will be complemented by a variety of residential, business, and hospitality applications.
Miami Worldcenter Associates, directed by Principal Art Falcone and Managing Partner Nitin Motwani, and CIM Group are the project’s master developers.
Three finished residential towers—the PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami—can now be found in Miami Worldcenter. The 351-room CitizenM hotel is now finished with construction and is scheduled to debut at Miami Worldcenter in the first quarter of 2023.
In addition, work is being done on phase one of the 52-story Miami World Towers, which will include 550 apartment units, Legacy Hotel & Residences, a mixed-use building with 310 branded residences atop a hotel and 50,000 square feet of medical office space, and Caoba’s second phase, which will include a nearby 40-story tower with 420 apartments.
There are several planned projects, including The Crosby, a 450-unit turn-key condominium by Related Group and Merrimac Ventures, and 600 Miami Worldcenter, a 579-unit fully furnished condominium by Aria Development Group and Merrimac Ventures, a mixed-use residential and commercial development by Abbhi Capital, a residential development by the New York-based Naftali Group, and a three-tower mixed-use project by The Witkoff Group that will have up to 2,000
World Square, a 20,000-square-foot outdoor public plaza and park, will complement Miami Worldcenter’s shopping streets. With its abundance of open space, shade trees, and spacious, pedestrian-friendly sidewalks lined with food, entertainment, and retail concepts, World Square is intended to act as the hub of the development.
A $5 million public art project at Miami Worldcenter, organized by the Miami-based curatorial collective PRIMARY and renowned art dealer Jeffrey Deitch, would turn the 27-acre “city within a citystreets “‘s and buildings into a permanent outdoor art museum. Large-scale murals, paintings, and sculptures produced by internationally renowned artists such as Nina Chanel Abney, Woody De Othello, Viktor El-Saieh, Nick Cave, Trenton Doyle Hancock, Hernan Bas, Serge Toussaint, Zadok Ben-David, and Franz Ackermann will be included in the program once it is finished.
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.
Michelin Star and Miami Born Chef Officially Opens Brasserie Laurel at Miami Worldcenter
In the recently constructed Miami Worldcenter Caoba apartment tower in Downtown Miami, chef and restaurateur Michael Beltran has officially opened Brasserie Laurel, a French-focused eatery.
Escargot, frog legs, foie gras, deer tartare, beef Wellington, chicory salad, turbot in tomato beurre blanc, and Maine lobster with veal sweetbreads are just a few of the French classics on the menu at Laurel, which was devised by executive chef Ashley Moncada, a former chef de cuisine at Ariete.
Ashley Moncada, the new chef employed by Beltran at the establishment, trained at Ariete during the pandemic that has been going on for the past two years. Her first substantial project is this eatery.
“We see Laurel as Ariete’s younger sister. It’s a new approach to French brasserie food. Think Frank Sinatra, Dizzy Gillespie, La Tour d’Argent in Paris,” states Chef Beltran.
Tom Lasher-Walker, the restaurant’s beverage director, provides modernized versions of classic cocktails such the Beneath the Sheets, which is created with aged rum and pineapple, and the Corpse Reviver Royal, a late 19th-century concoction made with gin, bubbles, and absinthe. Speaking of absinthe, there is a fountain behind the bar at Laurel where it is readily available. A sizable selection of champagnes and wines in the French and Old World styles completes the menu.
The restaurant’s interior, which is housed inside the flashy Miami Worldcenter, maintains the French concept throughout with its use of deep blue, gold, and dark wood. Two additional Ariete Hospitality eateries, Chug’s Express and El Vecino, will also make their Miami Worldcenter debuts in the upcoming months next to Laurel.
Favorites from Chug’s Diner including croquetas, pastelitos, and coffee will be available at the Chug’s Express “ventanita.” El Vecino, on the other hand, will be an upscale cigar bar that offers a full alcohol menu along with light meals including mussels, a variety of meat and cheese, a greek burger, foie torchon, and a variety of snacks.
The Scapegoat in Miami Beach, the Taurus in Coconut Grove, Ariete, Nave, Chug’s, and most recently, the Gibson Room on Coral Way make up the Ariete Hospitality Group’s fast-expanding restaurant portfolio.
Downtown Miami’s Brasserie Laural can be found at 698 NE 1st Avenue. They are open from 5 p.m. to midnight on Friday and Saturday and from 5 p.m. to 11 p.m. on Sunday through Thursday.
Aria Development and Merrimac Ventures Buy Miami Worldcenter Site for $17.5 Million for Proposed Condo Building
After purchasing a redevelopment site for $17.5 million, Aria Development Group and Merrimac Ventures have proposed a new Miami Worldcenter condominium building.
According to records, the joint venture paid the labor union $11 million to take over the former Miami headquarters of the International Longshoremen’s Association at 33-55 Northwest Sixth Street. According to a press statement, Aria and Merrimac also paid $6.5 million to acquire a neighboring unoccupied 1.2-acre site from a partner of Miami Worldcenter developers Art Falcone and Nitin Motwani.
The project calls for a 32-story skyscraper with about 600 fully furnished residential units with no limitations on short-term rentals with pricing starting at $395,000.
The final construction plot that was up for grabs in the Miami Worldcenter district was purchased by Fort Lauderdale-based Merrimac, led by Nitin and Dev Motwani, and Miami-based Aria, led by principal David Arditi, according to Mattingly.
Merrimac and The Related Group partnered earlier this year to pay $12 million for another Miami Worldcenter development plot at 601 North Miami Avenue, The Crosby, a 33-story, 450-unit condo tower that will also be accommodating to short-term rentals.
Miami Worldcenter, a $4 billion master-planned mixed-use city, is luring titans of the real estate sector to make investments in the area. For a property at 697 North Miami Avenue that was previously permitted for a 40-story, 429-unit skyscraper, a business connected to WeWork co-founder Adam Neumann received $108 million in construction financing in February. Neumann also owns the Caoba apartment complex, which is a nearby residence.
A.5-acre development site on Northwest 10th Street and North Miami Avenue was purchased by San Antonio-based Lynd Living in August for $30 million. Although a 650-unit apartment building is permitted on the plot, Lynd hasn’t made its official plans public.
One acre at 1016 Northeast Second Avenue, where the New York-based developer intends to construct a two-tower residential complex, was purchased by Naftali Group for $40.5 million a month later.
New Development Revealed at Miami Worldcenter-600 Miami Worldcenter
Aria Development Group and Merrimac Ventures are partnering for a new construction development located at Miami Worldcenter. The project has officially been dubbed 600 Miami Worldcenter.
600 Miami Worldcenter will rise 32 stories and will feature 579 fully furnished and finished luxury residences ranging from studios to two-bedroom floor plans with no rental restrictions. The studios will start at $400,000.
The Design Agency, a renowned design firm, was selected by the developers to design the residences at 600. The architect for the project is listed as Revuelta Architecture.
Residence Features:
Floor-to-ceiling glass windows with custom window treatment
All residences feature balconies
Finished flooring on all residential interiors
Kitchens and bathrooms feature custom Italian cabinetry and counters
Top-of-the-line, separate, in-unit washers, and dryers
Fully built-out, generous closets
Tower Amenities:
Covered porte-cochère
24-Hour attended lobby
Luxer one automated parcel storage
Dedicated co-working space
Resident lounge and entertaining space
Air-conditioned resident storage
Bike storage
Summer kitchen
Rooftop swimming pool with resort seating
World-class state-of-the-art fitness center with outdoor private training area by Homage Fitness
The 600 Miami Worldcenter will be within a few blocks from the 300,000+ square foot commercial district of Miami Worldcenter, situated in the Park West neighborhood of Miami at 600 NE 1st Ave.
Lululemon Buildout Begins at Miami Worldcenter
Construction on Block F West and World Square to the Right
The $4 billion and 300,000+ square foot multiple use development also known as Miami Worldcenter is ramping up construction. Miami Worldcenter is a vibrant location where you will soon be able to enjoy some of Miami’s finest foods, shopping, and entertainment! This new urban area is will be home to both national and local favorites as well as prestigious international companies.
One of the long-awaited retail locations is the glass cube known as Block F West, which is set to begin construction soon along with the World Square building. It is situated immediately west of Block F East also known as the “Jewelry Box”, which is now under construction and nearly completed.
Along with Sephora, Lucid Motors, and Bowlero, Lululemon is also expanding its retail chain to World Square with their space currently under construction.
These companies join other tenants that have already been revealed, such as Maple & Ash and Etta from Chicago which will both take up 2 stories of retail Space. According to Nitin Motwani, general partner of Miami Worldcenter Associates, these together with the most recent tenants have leased a total of around 90,000 square feet of retail space in the last 90 days.
According to Motwani, “On the heels of announcing an award-winning lineup of restaurant concepts slated to open at Miami Worldcenter, we are upping the ante with a trio of nationally and globally recognized lifestyle brands. These tenants exemplify the diversity we are offering throughout our residential, hospitality, and office developments across Miami, and bringing to life the retail components of Miami Worldcenter’s master plan is critical to transforming our 27-acre site into a thriving open-air destination.”
Lucid Motors is creating a multi-use building that will occupy almost 23,000 square feet. Bowlero will take up more than 31,000 square feet in the glass-enclosed “jewelry box” retail structure at Miami Worldcenter that looks out over the World Square plaza.
With the building permit issued in March 2022 for remodeling, Lululemon will occupy more than 6,000 square feet at the World Square plaza along Block H. The construction cost for Lululemon is an estimated $132,000 which will include remodeling and repairs.
