The Wharf Miami to Close and Reopen as Riverside Wharf
The Wharf, a Miami River outdoor entertainment destination that influenced the direction of regional hospitality, is officially closing. Breakwater Hospitality’s waterfront gathering place, which debuted in 2017, is making way for the Riverside Wharf project, which is anticipated to break ground before the year’s end.
A new iteration of The Wharf is one of the development’s goals. However, the 30,000 square foot original Wharf Miami, which featured seven bars, five culinary concepts, and 185 feet of dock space, will no longer exist
The 10-story Riverside Wharf project will also have a new wharf, a 30,000 square foot nightclub and rooftop dayclub, 16,000 square feet of eateries, a 12,000 square foot event space, and a marina in addition to the opulent Dream Hotel. The new home’s architecture was created by Cube3 architects’ Jon Cardello, with help from iCrave for the interior design and Savino-Miller Design Studio for the exterior landscaping.
Along with erecting a new seawall to prevent sea level rise, the developers are also constructing a new public riverwalk on the property. Additionally, there will be a Garcia’s Fish Market where people may purchase fresh fish. According to Mantecon, the new Wharf will have a similar design to the first one but be a permanent structure rather than a pop-up. There will be new eating concepts, with chefs working in dedicated kitchens rather than food trailers. However, don’t anticipate an elegant, red carpet setting.
The Wharf Miami will officially be closing on September 17th, and of course, there must be a party or two to say goodbye. The venue has a history of hosting theme parties, and according to Guerra, they intend to celebrate all the memories shared by bringing out all the old favorite props.
One of the parties is schedule for Friday, September 15, 4 p.m.–3 a.m., 114 SW North River Dr., Miami. includes enormous inflatables and unique bars with particular themes, such as Christmas, the ’90s, Blowfish & Friends, St. Patrick’s Day, and Cinco de Mayo. The last party will take place on September 16th from 12 noon to 3 a.m. With an RSVP, the first 500 visitors can spin the prize wheel to win prizes.
Developer Files Permit for Vertical Construction on Riverside Wharf in Downtown Miami
Developers for the newest construction development, Riverside Wharf, located at 114 SW North River Drive in downtown Miami, has filed a permit for vertical construction.
Plans for the project include the construction of a 10-story building across 1.5 acres that will serve as a world-class entertainment destination, designed by highly-acclaimed architecture firm Cube3 Architects, with interiors by world-renowned iCrave and landscape design by Savino-Miller Design Studio, and developed by a joint venture partnership between MV Real Estate Holdings, Driftwood Capital, and Merrimac Ventures.
Riverside Wharf will feature 222,279 square feet of space, including a 165-room Dream Miami luxury hotel, a world-class 30,000-square-foot nightclub and rooftop day club, a high-energy 12,000-square-foot event hall and mezzanine, the rebirth and expansion of The Wharf Miami with 16,000 square feet of signature restaurants, a private marina capable of accommodating megayachts,
The permit was filed in December and no general contractor has been listed. MTCI Private Provider is in charge of the project’s plan review and inspections, according to Building Department records.
The developers stated in August 2022 that they intend to begin construction in the second quarter of 2023. Once construction begins, The Wharf Miami will close temporarily before reopening permanently as part of the new Riverside Wharf complex.
Official Plans Submitted for Riverside Wharf
In December 2021, it was announced that a Miami Developer along with Driftwood Capital announced plans the rebuild The Wharf alongside the Miami River. Now, those plans have officially been submitted to Miami’s Urban Development Review Board.
The plans for this project include a hotel and an entertainment complex with retail, food, and beverage. The cost for the project is estimated at $185 million. The plans submitted include 174 hotel units operated by Dream Hotels and 91,733 square feet of commercial space.
A 16,000-square-foot restaurant, a 12,000-square-foot event hall, a 30,000-square-foot nightclub/rooftop day club, and 600 feet of river frontage are all planned for the 200,000-square-foot project. Garcia’s Fish Market may also set up shop on the property as a pop-up market. Its commercial fishing activity used to be located on the property.
The zoning requirements for this type of proposal would include 417 parking spaces but the developers are requesting a 50% reduction in parking by the entertainment and hotel spaces sharing parking. Once approved, the parking spaces will be offsite.
A part of the proposed development includes public used land, which will require a special election. That election is currently scheduled for August 23 and it will involve a potential lease of the public property to the developer.
The 1.5-acre Miami River property at 114 Southwest North River Drive will be developed by MV Real Estate Holdings and its partner, Coral Gables-based Driftwood Capital. Nitin Motwani, the managing partner of Merrimac Ventures and the developer of the Miami Worldcenter, is also a general partner in the project, according to Mantecon.
The Miami Urban Development Review Board is scheduled to review the development proposal on March 16, 2022.
Miami Developer Plans to Rebuild The Wharf in a $185 Million Project
On the site of the iconic downtown Miami’s The Wharf along the Miami River, a Miami developer is teaming up with Driftwood Capital to build a $185 million Dream Hotel and entertainment complex.
The Riverside Wharf project will consist of two 10-story buildings, one of which will house the 165-room Dream Miami hotel. According to a press release, it will also contain a restaurant, nightclub, and entertainment establishments, including an expanded and updated version of the Wharf. Some additional amenities will be built including a deep-water yacht port, and a public riverwalk.
A 16,000-square-foot restaurant, a 12,000-square-foot event hall, a 30,000-square-foot nightclub/rooftop dayclub, and 600 feet of river frontage are all planned for the 200,000-square-foot project.
Garcia’s Fish Market may also set up shop on the property as a pop-up market. Its commercial fishing activity used to be located on the property.
In 2016, voters in Miami approved a deal that awarded MV Real Estate Holdings, led by Alex Mantecon and Guillermo Vadell, a long-term lease on half of the land. The other half is also owned by MV Real Estate Holdings and is located in an Opportunity Zone.
The 1.5-acre Miami River property at 114 Southwest North River Drive was developed by MV Real Estate Holdings and its partner, Coral Gables-based Driftwood Capital. Nitin Motwani, the managing partner of Merrimac Ventures and the developer of the Miami Worldcenter, is also a general partner in the project, according to Mantecon.
According to Mantecon of MV Real Estate Holdings, the developers plan to seek project permissions from the Miami River Commission in January and then go before the Miami City Commission. Cube3 architects’ John Cardello is designing it, with landscaping by Savino-Miller Design Studio.
Once approved, construction is planned to begin in 2022 with a completion date in 2025.
