The Real Deal Miami

Posts Tagged ‘miami worldcenter’

  • faenafeech

    Faena House rendering

    “South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.

    Here at SFBTN headquarters, we are so obsessed with the data behind Miami’s business and real estate news, that we rarely if ever  stop to look inward. But the holidays and new year are a time for reflection, and we were happy to learn that we provided exactly 54 interesting and illuminating figures in 2014. [more]

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  • CRA hiring demands newest roadblock for Miami Worldcenter

    Developer pushing aggressively for approval of first phase
    December 18, 2014 02:15PM
    Miami Worldcenter first phase rendering

    Miami Worldcenter first phase rendering

    The mixed-use Miami Worldcenter project has reportedly met with some serious setbacks as of late.

    The project was hit with a surprise roadblock when officials made a demand on increased minority hiring a condition in negotiating a property tax rebate, according to a published report. [more]

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  • Miami Worldcenter seeks public subsidies

    Subsidies could range from $85 to $121 million
    December 10, 2014 12:14PM
    worldcenter-and-motwani

    Miami Worldcenter first phase rendering, Nitin Motwani inset.

    Developers of the mixed-use Miami Worldcenter project are seeking public subsidies that could be worth tens of millions of dollars as they ready for phase one construction in the first quarter of 2015. [more]

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  • Miami Worldcenter announces phase one construction timeline

    First phase includes expo center, retail, residential towers, hotel
    December 03, 2014 05:30PM
    Nitin Motwani

    Nitin Motwani

    Construction on phase one of the mixed-use Miami Worldcenter project will begin in the first quarter of 2015, the developers announced Wednesday.

    The first phase of the 10-block site will include an expo center, retail tenants, residential towers and a Marriott Marquis hotel. Vertical construction on the project will begin mid-2015.    [more]

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  • Yet another hotel coming to Miami Worldcenter

    The project will be half-hotel, half-residences and “lifestyle heavy”
    November 05, 2014 03:00PM
    Parking lot where Miami Worldcenter will be at west side of NE 2nd Ave between 9th Street and 8th Street

    Future Miami Worldcenter site at Northeast Second Ave between Eighth and Ninth streets (credit: J. Albert Diaz)

    A new mixed-use boutique hotel is coming to the Miami Worldcenter site. [more]

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  • Miami Worldcenter project to feature new condo towers

    Developers confirm residential plans during recent real estate industry event
    October 14, 2014 12:00PM
    Miami Worldcenter first phase rendering (inset: Peter Zalewski)

    Miami Worldcenter rendering (inset: Peter Zalewski)

    New condo towers will be an integral part of the overall plans for the recently approved Miami Worldcenter mixed-use complex slated to be developed on 27 acres of vacant land located west of Biscayne Boulevard in Greater Downtown Miami.

    For the first time, developers Nitin Motwani and Art Falcone publicly confirmed their decision to incorporate new condo towers into phase one of the planned $2 billion Miami Worldcenter complex during a question-and-answer session at last week’s CBRE Florida Multifamily Summit at the JW Marriott Marquis Miami hotel. [more]

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  • Rising star: Nitin Motwani on his evolution from Lauderdale kid to real estate titan

    Worldcenter principal discusses decade-long project saga, growing up in Lauderdale Beach
    October 13, 2014 09:45AM
    Nitin Motwani

    Nitin Motwani

    After a decade spent assembling land north of downtown Miami and waiting out the economic downturn, Nitin Motwani and his partners are finally moving forward with the massive Miami Worldcenter mixed-use project.

    Motwani, 35, is managing principal of Miami Worldcenter Group and managing director of Encore Housing Opportunity Fund, which is developing the Paramount Fort Lauderdale Beach condo tower. He is one of 10 South Florida real estate leaders in the 35-and-under crowd featured in The Real Deal’s latest South Florida Market Report. [more]

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  • Commissioners sign off on downtown convention hotel

    MDM can build Marriott-branded expo center on former Miami Arena site
    October 10, 2014 09:45AM
    Tony Recio

    Tony Recio

    Miami commissioners unanimously approved city zoning code exemptions that will enable the construction of a 2.2 million-square-foot convention hotel on the former site of the Miami Arena.

    Thursday’s decision allows MDM Development Group to build the 54-story, 1,800-room JW Marriott Marquis and Expo Center at Miami Worldcenter on a 4.7-acre parcel at 700 North Miami Avenue. It will be built just west of the first phase of Miami Worldcenter, developed by The Forbes Company and Taubman Centers, which will include 765,000 square feet of retail and 1,000 residential units. [more]

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  • Battle of the retail titans

    Miami's biggest projects — Brickell City Centre and Miami Worldcenter — compete for major shopping tenants
    October 09, 2014 11:15AM
    Miami Worldcenter secured anchor tenants Macy’s and Bloomingdale’s in December

    Miami Worldcenter secured anchor tenants Macy’s and Bloomingdale’s in December

    From the South Florida Market Report: One has been in the planning stages for a decade. The other is being built by an internationally known developer with massive projects under its belt. Both secured experienced teams to bring in top retail tenants. [more]

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  • Worldcenter developers get critical approvals

    Miami commissioners OK development agreement, zoning changes for massive project
    September 30, 2014 09:45AM
    Nitin Motwani

    Nitin Motwani

    Miami commissioners paved the way for Miami Worldcenter’s developers to start construction with the approval of zoning changes and a development agreement for the $1.5 billion mixed-use project.

    After a four-hour public hearing, commissioners voted 4-0 in favor of the zoning changes and development agreement with Miami Worldcenter Associates, which claims the massive project will create 35,000 direct and indirect jobs. Commissioner Wifredo Gort was absent. [more]

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