Miami Worldcenter Retail Portfolio Hits the Market in $300M+ Landmark Sale Opportunity
In a move poised to reshape Miami’s commercial property landscape, the 273,000-square-foot retail component of Miami Worldcenter—Downtown’s crown jewel of mixed-use development—has officially hit the market, with offers expected north of $300 million. For real estate investors seeking prime, stabilized, income-generating assets in one of the nation’s fastest-growing cities, this offering is nothing short of exceptional.
This open-air retail portfolio, part of the $6 billion, 27-acre Miami Worldcenter master plan, is 100% leased. The tenant mix is curated with precision to attract both high foot traffic and long-term value, featuring powerhouse names like Apple, Lucid Motors, Sephora, Juvia, Club Studio, and the Museum of Ice Cream, among others.
As urban retail continues to evolve, Miami Worldcenter has achieved what many developments strive for—creating a destination retail experience that blends lifestyle, entertainment, and high-end convenience within a vibrant residential and hospitality ecosystem.
This isn’t just another retail strip coming to market—it’s a generational asset. Miami Worldcenter is a transit-oriented mega development that includes thousands of residential units, hundreds of hotel keys, and a significant office footprint—all within walking distance to Brightline’s MiamiCentral station. It is embedded within the city’s growth engine.
With Miami-Dade County’s retail vacancy rate among the lowest in the nation (2.9% as of Q1 2025), the sale arrives at a time of undeniable strength for Miami’s urban core. In fact, this is a strategic moment to bring such a stabilized asset to market. Institutional investors are eager for deals of this caliber—and opportunities of this scale, tenant quality, and location are exceedingly rare.
For those looking to secure a cornerstone position in Miami’s commercial real estate scene, this offering represents a blue-chip acquisition opportunity. Represented by Newmark’s powerhouse team of Adam Spies, Conor Lalor, and Adam Doneger, the listing will no doubt attract global attention.
The Miami Worldcenter retail portfolio isn’t just about square footage—it’s about long-term positioning in one of America’s most transformational mixed-use developments. For investors with vision, this is more than a sale—it’s a statement.
Baccarat Residences Brickell Continues to Rise, Nears Skyline Dominance
A new photo reveals that the highly anticipated Baccarat Residences Brickell is continuing its ascent, solidifying its status as one of the tallest towers in Miami’s financial district. The 75-story luxury tower, which broke ground last year, is set to rise 848 feet above ground, making it the second-tallest building in Brickell—surpassed only by the 868-foot Panorama Tower.
In August, Baccarat Residences reached a major milestone with its foundation pour, setting the stage for vertical construction. Now, just months later, the tower’s progress is becoming increasingly visible on the skyline. Notably, glass installation has already begun at the riverfront residences, hinting at the sleek and sophisticated design that will define this ultra-luxury development.
The tower will feature an exclusive collection of 324 residences, 8 penthouses, and 28 riverfront flats and duplexes. With demand for high-end real estate in Miami remaining strong, Baccarat Residences has seen remarkable sales velocity, reaching 95% sold as of April 2024.
Baccarat Residences is not the only tower rising within this ambitious riverfront complex. The 45-story Viceroy Brickell, which topped off in January, is also visible in the latest construction photos. This 420-unit luxury condo-hotel will complement Baccarat’s offerings, providing additional high-end living and hospitality options in the heart of Brickell.
With completion planned for early 2028, Baccarat Residences will be a defining addition to Miami’s evolving skyline. Designed to deliver the ultimate in refined living, the tower will blend the timeless elegance of the Baccarat brand with modern architectural brilliance, promising residents an unparalleled lifestyle on the Miami River.
Redefining Attainable Luxury in Miami by YAKOL Capital
In a bold move to redefine urban living, YAKOL Capital is teaming up with acclaimed Japanese architect Shigeru Ban to bring an innovative “attainable” condo development to Miami-Dade County. Aptly named House, this 320-unit project aims to strike a balance between luxury and accessibility, with residences priced at approximately $1,100 per square foot. The smallest units will start in the low $300,000s, making this project an attractive opportunity for first-time buyers, investors, and those seeking high-quality living spaces at competitive prices.
Construction for House is set to begin in 2026, and the development offers a significant incentive for international investors. Through the EB-5 visa program, investors can secure a pathway to U.S. residency while supporting a transformative project in a burgeoning market.
House’s strategic focus goes beyond just real estate. By prioritizing sustainability and well-being, the development is set to feature a “biophilic” design that fosters a deep connection between residents and nature. This design philosophy aligns seamlessly with Shigeru Ban’s reputation for creating structures that harmonize with the environment.
House’s biophilic design will incorporate elements like natural light, green spaces, and sustainable materials to enhance the living experience. By embracing this approach, YAKOL Capital is not only investing in the aesthetics of the building but also in the mental and physical well-being of its future residents.
The site for House, located at 237 N.E. 54th Street, Miami, FL, 33137, spans 1.16 acres and was acquired in 2023 by Toussaint Ateliers Residences for $6.57 million. Currently occupied by a low-rise, multi-family dwelling built in 1965, the property’s redevelopment will transform it into a landmark in Miami-Dade County.
The site’s T5-O zoning designation and its position in a Qualified Opportunity Zone offer additional financial incentives for investors and developers. Google Earth renderings highlight the property’s potential to become a thriving residential hub, perfectly aligned with the neighborhood’s growth trajectory.
House is just one of YAKOL Capital’s ambitious ventures in South Florida. The developer is also planning a mixed-use project featuring 700,000 square feet of new construction, blending residences with ground-floor retail. Collaborating with Netherlands-based architectural firm MVRDV, YAKOL Capital continues to push the boundaries of innovative, community-focused design.
House is poised to redefine attainable luxury in Miami-Dade County. With its biophilic design, sustainable approach, and strategic location, it represents a forward-thinking model for urban living. Coupled with its potential to attract global investors through the EB-5 visa program, this project highlights YAKOL Capital’s commitment to creating transformative spaces that benefit both residents and the community at large.
Millennium Developments Signs Covenant for New 70-Story Brickell Tower-Calle 8
Millennium Developments is moving forward with plans for an impressive new 70-story tower in Brickell, Calle 8. In a significant step toward realizing this ambitious project, the developer has signed a covenant with Miami-Dade County. The agreement, officially recorded on November 4th, states that the tower will connect to the county’s water and sewer systems, which is required as a condition of the building permit.
The proposed tower is set to become one of Brickell’s tallest buildings, rising to 750 feet. The design envisions 464 residential units, offering a mix of luxury residences with stunning views of Miami’s skyline. Additionally, the project includes 75,736 square feet dedicated to either performing arts spaces or retail, bringing a blend of culture, commerce, and community to the heart of Brickell. The building will also provide ample parking, with 653 planned spaces, along with various amenities to enhance the lifestyle of future residents.
In August, Millennium Developments submitted an updated version of the proposal to Miami-Dade County as part of the ongoing zoning approval process. This proposal includes preliminary plans and renderings, shared for reference in the zoning phase, with a formal submission to follow as part of the site plan review.
BMA Architects is the architectural team behind the vision for this 70-story tower, adding their expertise to shape what is anticipated to be an iconic addition to the Miami skyline.
Millennium Developments’ latest project reflects Brickell’s growth as a hub for luxury living, arts, and entertainment. As zoning approval progresses, more details on the tower’s features and design will be revealed, shaping an exciting future for this high-rise in Brickell.
Brickell’s Mercedes Benz Places Breaks Ground on Second Tower as Construction Progresses
The second tower at the highly anticipated Mercedes Benz Places Miami is now officially under construction. This luxury mixed-use project is a major milestone for the neighborhood, and the progress doesn’t stop there. Foundation work at the first tower is nearly complete, according to Serhant, the exclusive brokerage handling condo sales for the development.
Both towers will add to Brickell’s ever-evolving skyline, with the first tower rising to an impressive 780 feet and the second slightly shorter at 763 feet, as detailed in plans submitted to the county in July.
A Vision for Modern Living: What to Expect from Mercedes Benz Places
The combined development will offer a diverse range of amenities, including:
1,010 residential units
200 hotel units
142,129 square feet of commercial space
153,070 square feet of office space
881 parking spaces
38,582 square feet allocated for governmental use
Designed for the Future
JDS Development Group is leading the project, while ODP Architects is serving as the architect of record. With its strategic location, cutting-edge design, and mix of residential, hotel, office, and commercial spaces, Mercedes Benz Places is poised to become a standout addition to Brickell’s luxury market.
This development not only adds to the neighborhood’s vertical growth but also serves as a prime example of how Miami’s urban core continues to evolve into a global hub for high-end living and business. Stay tuned for more updates on the progress of this groundbreaking project!
