600 Miami Worldcenter Sells Out Before Groundbeaking
Miami’s skyline is poised for a dramatic transformation with the upcoming groundbreaking of the 32-story tower at Miami Worldcenter. This highly anticipated development, spearheaded by Merrimac Ventures and Aria Development Group, has already made waves in the real estate market by preselling all its units. With a robust $95 million construction loan secured from Banco Inbursa, the project dubbed 600 Miami Worldcenter is on track to redefine luxury living in downtown Miami.
The 600 Miami Worldcenter project represents a significant milestone in urban development, blending luxury living with the convenience of downtown accessibility. Nitin Motwani, Managing Partner of Merrimac Ventures, shared his enthusiasm for the project, stating, “600 Miami Worldcenter has been one of our most anticipated and fastest-selling developments, which was appealing for our lenders at Banco Inbursa.” This sentiment underscores the project’s appeal not only to potential residents but also to financial partners who see the value in investing in Miami’s future.
The allure of 600 Miami Worldcenter has reached international proportions, attracting buyers from the U.S., Colombia, Turkey, and Argentina. This diverse buyer profile highlights Miami’s global appeal as a destination for luxury living and investment. The tower’s units, which are being delivered fully finished and furnished, cater to a modern lifestyle that values convenience, quality, and flexibility. Furthermore, the allowance for short-term rentals opens up opportunities for owners to generate income, making it an attractive proposition for investors and residents alike.
600 Miami Worldcenter is not alone in its success or its offerings. The neighborhood is witnessing a surge in developments that allow short-term rentals, a trend that speaks to the evolving demands of the real estate market. Nearby towers such as The Crosby Miami Worldcenter, with 450 condos, and 501 First, boasting 476 condos, have also sold out. These developments, situated within proximity to 600 Miami Worldcenter, underscore the area’s desirability and the growing trend towards flexible living arrangements in urban centers.
With groundbreaking on the horizon and completion expected in 2026, 600 Miami Worldcenter is set to become a landmark in Miami’s bustling downtown area. This project not only signifies a leap forward in urban living but also marks a significant investment in the city’s future. As Miami continues to attract attention on the global stage, developments like 600 Miami Worldcenter play a crucial role in shaping the city’s identity as a hub for luxury, innovation, and cosmopolitan living.
Grand Opening Scheduled for Lululemon at Miami Worldcenter
In December 2022, Miami Worldcenter completed construction on 255,00 square feet of retail space waiting patiently for tenants to open their doors. Today it was announced that Lululemon will have its official grand opening this Friday at 11am. This new store is located at 652 NE Second Avenue, Unit 152.
Lululemon is just one of the many brands that will open this year at Miami Worldcenter. Sephora, 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.
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.
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.
