One of the largest mixed-use developments in the U.S., Miami’s multi-billion dollar Worldcenter development, is expected to create thousands of jobs in South Florida.
A study by developer Miami Worldcenter Associates and the Orlando-based financial consulting firm Fishkind & Associates estimated that the 25-acre project would generate some 33,500 jobs. According to the study, 14,000 permanent jobs will be created by the project, including 8,000 full-time positions at the center, in addition to 6,000 indirect jobs created by other businesses.
Beyond that, the consulting firm determined that a total of 19,500 construction and temporary jobs could be created from the first phase.
The developers — Miami Worldcenter Associates, the Forbes Co. and Taubman — submitted plans to the city for the first phase of the 25-acre project earlier this week, which includes a convention space, 1,800-room hotel, 1,000-unit residential space and a 765,000-square-foot luxury shopping center.
The developers expect to break ground on the mall in the fourth quarter, and its slated to open in late 2016. [SF Business Journal] — Sasha von Oldershausen