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.

Tower 91/Cassi Breaks Ground Soon in Miami Design District with Residential Units, Retail & Dining

Miami’s Building Department has officially approved a site work permit for Tower 91—also known as Cassi—marking a key step forward for a highly anticipated mixed-use development in the Miami Design District. The approval clears the way for initial work to begin on the site, located at 91-93 NE 36 Street, just east of Biscayne Boulevard.

Tower 91/Cassi is being developed by Design District Associates and Prinz Corner LLC, affiliated entities of renowned Miami developer DACRA. Craig Robins, CEO of DACRA, intends to break ground on a new rental apartment development in the area within a few months. Though unnamed in the interview, the project aligns with Tower 91’s timeline and design scope.

According to a recently finalized utilities deal and city filings, Tower 91/Cassi will include:

• 107 residential units

• 15,981 square feet of retail space

• 6,849 square feet of full-service restaurant space

• 227 parking spaces

Elkus Manfredi Architects is leading the design, with Cube3 serving as the architect of record. Together, the firms aim to deliver a vibrant, modern development that complements the upscale and design-forward character of the surrounding district.

While the city continues to review the master construction and phased vertical permits, the newly approved site work permit signals that visible progress is imminent. Once completed, Tower 91 is expected to further activate this key corridor of Miami’s Design District with a dynamic mix of residential, retail, and dining options.

Villa Miami Hits Construction Milestone as 56-Story Tower Moves Toward Vertical Build

Construction at Villa Miami, a highly anticipated 56-story waterfront residential tower, has officially reached a major milestone with the successful completion of its concrete foundation pour. Rising at 710 Northeast 29th Street in Miami’s vibrant Edgewater neighborhood, the 650-foot-tall luxury skyscraper is now poised to begin vertical construction, propelling it toward its 2027 completion date.

Developed by Terra and One Thousand Group in collaboration with Major Food Group, Villa Miami is set to become one of the tallest and most architecturally distinctive towers along the Biscayne Bay shoreline. The building is being designed by ODP Architecture & Design, with DeSimone Consulting Engineers serving as structural engineer. Moss Construction is the general contractor, while Capform Inc. leads the shell construction efforts.

On May 9, a meticulously coordinated, 14-hour foundation pour marked a major engineering feat. The operation included over 3,400 cubic yards of concrete and 2,095 tons of steel, supported by 43 rotating concrete trucks. C&C Concrete Pumping and Supermix played key roles in ensuring continuous concrete delivery, while aerial photos captured the scale and complexity of the effort. Tower cranes, staging zones, and floodlit work areas showcased the high-level coordination required to execute such a significant pour—completed four weeks ahead of schedule.

The structure’s unique copper-clad façade and luxury branding powered by Major Food Group will make Villa Miami one of the most iconic residential offerings in Edgewater, blending design-forward living with waterfront serenity and world-class amenities.

About Villa Miami

• Location: 710 NE 29th Street, Edgewater Miami

• Height: 650 feet / 56 stories

• Developers: Terra, One Thousand Group, Major Food Group

• Architect: ODP Architecture & Design

• Structural Engineer: DeSimone Consulting Engineers

• General Contractor: Moss Construction

• Estimated Completion: 2027

With momentum building ahead of schedule, Villa Miami is positioning itself as a benchmark of modern luxury and architectural excellence in one of Miami’s fastest-growing neighborhoods.

Massive 80-Story Tower Planned for Brickell by Prosper Group and Forte Development

Prosper Group and Forte Development are moving forward with plans for a striking 80-story mixed-use tower in Brickell, designed by Miami-based ODP Architects. Recently submitted through Miami-Dade County’s Rapid Transit Zone (RTZ) program, the proposal would bring an impressive 945-foot-tall development to 1040 South Miami Avenue—just steps from the Brickell Metromover station.

The tower is expected to deliver a total of 250 condominium units, 48 condo-hotel residences, and 100 hotel rooms, along with 322 parking spaces and nearly 1,900 square feet of restaurant space. The development will also include a robust lineup of wellness-focused amenities such as IV therapy, cold plunge pools, red light therapy, and infrared saunas—positioning the project at the forefront of luxury urban living.

The project is being developed by 1040 S Miami Development LLC, an entity formed by Jay Roberts of Prosper Group and Marius Fortelni of Forte Development. The developers say the building will help shape Brickell’s next chapter, combining high-rise residential, hospitality, and retail in a walkable, transit-oriented setting.

The 0.6-acre site was previously designated for a Virgin Hotel, but the revised plan embraces a more dynamic, multi-use approach. Thanks to its RTZ classification, the project bypasses traditional City of Miami zoning regulations, allowing for a faster entitlement path.

While no official construction timeline has been released, the proposed tower signals continued momentum in Brickell’s high-rise boom—and a bold new addition to Miami’s evolving skyline.

Miami Approves $3B Little River District: Largest Affordable Housing Development in County History

In a landmark move for Miami’s urban evolution, the Miami-Dade County Commission has officially approved the Little River District, a groundbreaking $3 billion development poised to reshape the fabric of the Little River and Little Haiti neighborhoods. Spearheaded by SG Holdings — a partnership between Swerdlow Group, SJM Partners, and Alben Duffie — the transformative 63-acre master plan will become the largest affordable housing initiative in Miami-Dade County history.

At the heart of this ambitious project are over 5,700 housing units, with a strong emphasis on affordability and accessibility. The plan includes:

• 2,284 affordable rental units (targeting 60% Area Median Income),

• 1,398 workforce rental units (up to 120% AMI),

• 2,048 workforce condominium units (eligible for subsidy at up to 140% AMI).

Crucially, the development guarantees current public housing residents the right to return to newly built homes within the district — without rent increases — ensuring existing communities aren’t displaced but rather uplifted.

A Vision for Equitable Urban Growth

The Little River District isn’t just about housing. It’s a mixed-use, transit-oriented community that will blend residential, retail, green space, and mobility infrastructure to support long-term economic and social growth.

Key highlights include:

• 370,000+ square feet of retail space, with tenants like Home Depot and BJ’s already signed on.

• A major supermarket, gas station, food and beverage offerings, and essential neighborhood services.

• 250,000 square feet of green, open space including parks, shaded walking paths, and bike lanes.

• A new Tri-Rail train station, backed by a $35 million private investment to boost connectivity and reduce congestion.

Designed by globally renowned firm Arquitectonica, the project embraces sustainable, pedestrian-friendly design and thoughtful urban planning.

Historic Public-Private Collaboration

The project reflects a strong collaboration between private and public sectors, including:

• Miami-Dade County’s Department of Housing and Community Development (HCD)

• U.S. Department of Housing and Urban Development (HUD)

• City of Miami, with support from Mayor Daniella Levine Cava, County Commissioner Keon Hardemon, and City Commission Chairwoman Christine King.

“This approval is a major milestone in addressing Miami’s critical need for affordable and workforce housing,” said Michael Swerdlow, Founder and CEO of Swerdlow Group. “The Little River District will deliver a community that prioritizes quality housing, public transit, and local economic opportunity.”

Community Amenities and Long-Term Impact

Future residents of the Little River District can expect thoughtfully designed homes featuring:

• In-unit washers and dryers, granite countertops, dishwashers, and central air.

• Complimentary high-speed internet for three years.

• Onsite management, security systems, fitness centers, swimming pools, computer labs, and dedicated recreation areas.

Beyond the residences, the project promises robust economic benefits:

• 3,840+ construction jobs and 518 permanent jobs.

• Local hiring preferences, especially for low-income and public housing residents.

• $9.5 billion in potential County revenue, the largest revenue-sharing agreement of its kind in Miami-Dade’s history.

Construction of the Little River District is slated to begin in 2026, with full buildout projected over an eight-year timeline. Once complete, this community-driven development will stand as a national model for inclusive urban revitalization, proving that equitable housing, thoughtful design, and economic development can go hand in hand.

Midtown Park Residences by Proper: A New Chapter of Luxury Living in Miami’s Most Connected Neighborhood

A dynamic new vision is taking root in the heart of Midtown Miami as Proper Hospitality, Rosso Development, and Midtown Development proudly unveil Midtown Park Residences by Proper—a transformative luxury residential tower that redefines urban living with sophistication, design, and a deep sense of place.

Nestled within a $2 billion master-planned, mixed-use development spanning nearly five acres, Midtown Park Residences is more than a residential address—it’s a curated lifestyle experience. Anchored by lush green spaces, two public parks, pedestrian-friendly paseos, and seamless walkability to the Design District and Wynwood, this visionary development will feature over 120,000 square feet of premium retail, chef-driven restaurants, designer boutiques, creative office space, and an 8-court public racquet and padel club.

“There is a new Midtown being born,” says Carlos Rosso, Founder and CEO of Rosso Development. “This landmark project represents a defining ‘before and after’ for the neighborhood.”

After nearly two decades at the Related Group, where he led condominium operations both domestically and across Latin America, Carlos Rosso launched Rosso Development in November 2020. As president of Related’s condominium and international development divisions, he played a pivotal role in shaping projects throughout the U.S. and countries such as Mexico, Colombia, Brazil, Argentina, Uruguay, and Panama. Today, through Rosso Development, he focuses on high-end boutique projects that reflect his passion for design, innovation, and curated urban living.

Midtown Park Residences

The first residential tower to launch, Midtown Park Residences by Proper, rises 28 stories and will offer 288 impeccably designed residences, combining world-class hospitality with Proper’s signature touch. Following the success of the sold-out Austin Proper Residences, this marks the brand’s second foray into residential living—infused with culture, community, and design-forward sensibilities.

Located at 2901 NE 1st Avenue, the residences are brought to life by an acclaimed team including Arquitectonica, Meyer Davis Studio, and Naturalficial. The development offers over 40,000 square feet of private amenities, an expansive seventh-floor pool deck, and access to curated events throughout the Proper Hospitality portfolio.

Buyers can choose from a variety of layouts—studios to three-bedrooms, and penthouses ranging from 510 to 3,150 square feet. Interiors by Meyer Davis reflect Proper’s distinct aesthetic: visually rich, effortlessly sophisticated, and thoughtfully functional.

Residences feature:

• Soaring 10-foot ceilings

• Wrap-around terraces with glass railings

• Floor-to-ceiling energy-efficient windows

• Imported wood porcelain flooring

• Italian kitchens with quartz countertops, Sub-Zero and Wolf appliances

• Spa-inspired bathrooms with Hansgrohe brass fixtures and Jade ceramic walls

• Penthouse options with 20-foot double-height living rooms, rooftop pools, and gardens

Pricing begins in the low $700,000s to $2.7 million, with exclusive penthouses also available. Completion is expected in 2028.

Amenities are tailored to inspire wellness, leisure, and community:

• 16-foot-high art-filled lobby gallery

• 40,000-square-foot tropical pool deck with skyline views

• Signature restaurant & bar

• State-of-the-art fitness center, yoga garden, Pilates studio

• Pickleball court, spa pool, sauna, and steam rooms

• Residential lounge, kids club, private dining spaces

• Communal vegetable garden by Naturalficial

• Virtual golf simulator and projection screening room

• Co-working and conference space

A standout feature is the Culture Concierge, offering insider access to Miami’s vibrant art and culture scene, along with tailored services like in-residence dining, housekeeping, pet care, wellness events, and more. Residents also receive preferred access to Proper Hotels, including the soon-to-reopen Shelborne by Proper on Miami Beach.

Luxury Car Condos Launched by DuPont REGISTRY Group Partners and Fortune International

The world of luxury real estate and high-end automobiles is about to witness a groundbreaking fusion as DuPont REGISTRY Group teams up with Fortune International Group and Pininfarina to introduce an architectural masterpiece in Miami—DuPont REGISTRY Tower designed by Pininfarina.

DuPont REGISTRY Group, a leader in the luxury automotive ecosystem, has joined forces with Fortune International Group, renowned for developing over 30 remarkable buildings, and Pininfarina, the legendary Italian design house responsible for some of the most iconic automotive masterpieces. Together, they are redefining high-end real estate with a first-of-its-kind tower catering exclusively to elite car collectors.

Situated in Miami’s Magic City Innovation District, near the Miami Design District and Miami Beach, DuPont REGISTRY Tower will offer an exclusive membership-based experience for passionate car collectors. The invitation-only club will feature premier spaces for members to showcase their prized collections, conduct business in state-of-the-art private offices, and indulge in luxury amenities, including a fine dining restaurant and an upscale spa.

“At Fortune International Group, we are committed to creating exceptional real estate developments that redefine luxury living and innovation,” said Edgardo Defortuna, President and CEO of Fortune International Group. “The duPont REGISTRY Tower is a perfect embodiment of this vision—an architectural masterpiece that seamlessly blends high-end automotive culture with world-class design and functionality.”

The tower will also house premium office spaces tailored to businesses within the luxury and automotive sectors, offering an unparalleled work environment that seamlessly integrates business with lifestyle.

“DuPont REGISTRY has always been at the forefront of automotive luxury, and this project represents the next evolution of our brand,” said Antoine Tessier, CEO of DuPont REGISTRY Group. “With Pininfarina’s world-renowned design expertise and Fortune International Group’s real estate leadership, we are creating a destination that embodies the fusion of art, engineering, and lifestyle.”

More than just a building, the DuPont REGISTRY Tower, with DB Lewis as the architect of record, is set to be a community—a place where the passion for automobiles meets avant-garde design and sophisticated living.

“At Pininfarina, we have always believed that great design is about more than aesthetics—it’s about emotion, innovation, and a seamless fusion of form and function,” said Paolo Trevisan, Vice President of Design at Pininfarina of America.

With its cutting-edge architecture, world-class amenities, and exclusive community, the DuPont REGISTRY Tower is poised to become the ultimate destination for luxury car collectors and connoisseurs. Miami is once again proving to be the epicenter of innovation, design, and unparalleled luxury experiences.

Master Permit Secured for The Residences at 1428 Brickell

The Residences at 1428 Brickell, a highly anticipated 70-story, 195-unit residential tower in the heart of Brickell, has officially secured its master permit approval. Developed by Ytech and led by CEO Yamal Yidios, this milestone ensures that construction can proceed seamlessly without interruption, allowing the project to rise efficiently into the Miami skyline.

Recent aerial images provided by Ytech highlight significant site activity, with excavation and foundation preparations in full swing. Heavy machinery, drilling rigs, and construction crews are actively working across the site, marking steady progress toward vertical construction. The images showcase extensive groundwork, including piling operations and site grading, underscoring the project’s forward momentum.

Designed by ACPV Architects in collaboration with Arquitectonica, The Residences at 1428 Brickell is being positioned as a groundbreaking development in sustainability. The tower will feature a “Solar Backbone” consisting of 500 photovoltaic-integrated windows spanning nearly 20,000 square feet along the west-facing façade. This innovative system is set to generate 175,000 kWh of clean energy annually, reducing CO₂ emissions by 4,700 tons and offsetting 3,000 barrels of oil each year. This pioneering approach establishes a new standard for eco-conscious luxury living in Miami.

The Residences at 1428 Brickell will offer an exclusive collection of homes ranging from two- to four-bedroom layouts, spanning between 1,800 and 4,000 square feet. Pricing starts at $3 million and extends up to $7 million for premium units. Select residences will feature two-story floor plans, providing expansive living spaces with breathtaking views of the city and Biscayne Bay.

At the pinnacle of the tower, a $60 million penthouse will offer an unparalleled living experience with seven bedrooms, nine bathrooms, soaring 30-foot ceilings, and two vast terraces. Additional penthouses, starting at $8 million, will range up to 10,000 square feet, catering to ultra-luxury buyers seeking grand, sky-high retreats.

The top three floors of the building, positioned 850 feet above Brickell, will be dedicated to over 80,000 square feet of world-class amenities. Residents will have access to three pools, including an exclusive rooftop pool at the crown of the tower, a state-of-the-art 10,000-square-foot fitness center, and a two-story wine and art lounge. Additional features include:

• A private dining room with a custom Vaselli kitchen
• A juice and wellness bar
• An immersive spa with personalized treatments
• Office suites and a dedicated children’s recreation center
• Fully furnished guest suites
• Wellness offerings such as aquatic therapy, personal training, and holistic spa treatments

Designed as a resident-only, private, and gated community, The Residences at 1428 Brickell will offer personalized services to elevate everyday living. Each home will be assigned an estate manager to handle housekeeping, pet care, in-unit deliveries, and other lifestyle services. A grand porte-cochère will provide 24/7 valet, porter, and security services, ensuring a seamless arrival experience. Additionally, the exclusive Owner’s Club will offer curated food and beverage service, an on-site sommelier, and event planning assistance for private gatherings.

With its cutting-edge sustainable features, ultra-luxury residences, and curated lifestyle offerings, The Residences at 1428 Brickell is set to become a defining architectural landmark in Miami’s luxury real estate market. Now that the master permit has been secured, the project is poised for rapid progress, bringing this visionary development closer to reality.

JEM Private Residences at Miami Worldcenter Receives Phased Vertical Permit, Marking Major Construction Milestone

The highly anticipated JEM Private Residences at Miami Worldcenter has officially received a phased vertical permit, a significant milestone that paves the way for vertical construction to begin. The Miami Building Department issued the permit this morning, marking another major step in the development of this 67-story luxury tower in the heart of downtown Miami.

JEM Private Residences is set to be a striking addition to Miami’s skyline, with plans for the tower to soar over 700 feet. Once complete, it will stand as one of the tallest residential towers in the city, further cementing Miami Worldcenter’s status as a premier urban destination.

The development will feature 259 luxury condominiums on the upper floors, offering breathtaking views and upscale amenities tailored to high-end living. Additionally, the lower levels will house 530 multi-family units, providing a mix of residential options within the vibrant mixed-use district. The tower will also include ground-floor commercial space, enhancing the retail and dining experience at Miami Worldcenter, along with a 591-space parking garage for residents and visitors.

JEM Private Residences has been making steady progress since its groundbreaking ceremony in April. A site work permit was issued in October 2024, allowing for essential groundwork and foundation work. Now, with the phased vertical permit in hand, construction crews can move forward with erecting the high-rise structure.

As Miami Worldcenter continues to evolve, JEM Private Residences is poised to become a landmark within the city’s dynamic urban landscape. With construction now advancing to the vertical phase, anticipation is building for what promises to be a premier luxury living destination in the heart of Miami.

The Residences at Shell Bay Break Ground on Construction

A new chapter in South Florida luxury living has begun as Witkoff Group and PPG Development officially break ground on The Residences at Shell Bay. Following the successful securing of a $273 million construction loan, this eagerly awaited luxury condominium is set to redefine exclusive living within a 150-acre Mediterranean-inspired enclave.

Designed by renowned architect Kobi Karp, The Residences at Shell Bay seamlessly blend modern sophistication with the world-class amenities of The Shell Bay Club. With only 108 residences, this development offers a rare opportunity to live at South Florida’s premier private resort destination, where residents will enjoy the unparalleled service of the Auberge Resorts Collection.

According to Alex Witkoff, Co-Chief Executive Officer of Witkoff Group, “Breaking ground on Shell Bay is a monumental moment for us. We are not just creating a place to live, but a legacy of luxury and privacy. This development sets a new standard for what it means to live in South Florida, combining world-class features and an unmatched lifestyle.”

Even before construction is complete, buyers at The Residences at Shell Bay will enjoy immediate access to one of South Florida’s most prestigious golf and leisure experiences. The Shell Bay Club is home to:

• A Championship Golf Course designed by World Golf Hall of Famer Greg Norman
• A 12-acre practice facility with a nine-hole par-3 course
• A state-of-the-art Racquet Club featuring all four Grand Slam surfaces, plus pickleball and padel courts
• Additional lifestyle offerings including basketball courts, batting cages, and a children’s discovery playground

“Shell Bay represents the pinnacle of private club living, offering unparalleled experiences in a serene and sophisticated environment,” said Ari Pearl, Founder and President of PPG Development. “With partners like Auberge, Kobi Karp, and AvroKO, we are creating residences with unprecedented views of the water and fairways, and a design that is meant to transport owners to their dream oasis.”

Offering one- to four-bedroom floor plans, The Residences at Shell Bay are designed to embrace indoor-outdoor living with expansive open-concept layouts. These homes will overlook the Championship Golf Course and the Intracoastal Waterway, offering breathtaking views alongside an elevated lifestyle.

Residents will enjoy private, resident-only amenities, complementing those available within The Shell Bay Club and the future 60-key Auberge hotel and spa. Some of the exclusive perks include:

• Michelin-starred dining by Chef Julien Jouhannaud
• In-residence dining & house sommelier services
• Resort-style swimming pool
• Full-service medical day spa
• Fitness center with indoor and outdoor personal training spaces

Adding to its unparalleled appeal, Shell Bay will introduce a 48-slip private marina directly accessible to the Intracoastal Waterway, expected to open in 2027. Future plans also include a private members’ clubhouse with a state-of-the-art indoor-outdoor wellness spa, elevated event spaces, and gourmet dining venues.

With pricing starting at $2 million, The Residences at Shell Bay offer a unique blend of privacy, luxury, and exclusivity. As construction progresses toward its anticipated 2027 completion, The Residences at Shell Bay continue to capture the attention of discerning buyers seeking the ultimate in South Florida luxury living.