700 N. Miami Avenue Site at Miami Worldcenter Construction Update

New York-based developer, the Witkoff Group, is steadily working to change the Miami Arena's former location. The thriving Miami Worldcenter's premium real estate is getting ready to welcome three towers rising 57 stories tall.

Recently, Witkoff signed the utilities deal for the site at 700 N. Miami Avenue at Miami Worldcenter. The expected total for the connection fees for utilities and the Biscayne Basin Sanitary Sewer Special Connection fee is $2,085,466.50 and $1,265,004. Alex Witkoff signed the contract on behalf of the construction company, WG 700 North Miami LLC.

The signing of the utility deal and obtaining FAA height approvals for the towers are significant steps in the development process, even though Miami's Building Department has yet to get construction licenses for the project.

On this large-scale undertaking, Monroe Capital, based in Chicago, is working with Witkoff Group. The location, which is within the confines of Northwest 8th Street, Northwest 1st Avenue, and North Miami Avenue, was previously slated to become the Marriott Marquis Miami Worldcenter Hotel & Expo Center, but is now in line for a dramatic overhaul. This includes the development of three imposing structures that could rise as high as 685 feet. Nichols Architects created the design.

The proposal promises a diverse mix of apartment buildings, shops, and dining establishments. With the utility agreement signed the 700 North Miami Avenue project is preparing for its vertical construction phase, marking an important step in the redevelopment of the former Miami Arena site.

This mixed-use project will undoubtedly become a landmark addition to Miami's skyline due to its massive scale, prominent location, and reputation of its development and design team. It will also undoubtedly play a significant role in future developments at Miami Worldcenter.