The Real Deal Miami

Posts Tagged ‘miami worldcenter’

  • Execs aspiring to build 13M square feet in Miami dish on projects

    Executives from Dacra, Swire, Florida East Coast Industries and Miami Worldcenter spoke at GMCC luncheon
    February 25, 2015 05:30PM
    Rendering of Brickell City Centre

    Rendering of Brickell City Centre

    The developers of four of Miami’s largest projects shared details on their plans — and their predictions and aspirations for Miami’s future  during a Greater Miami Chamber of Commerce luncheon Wednesday. [more]

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  • Lawsuit sends Miami Worldcenter back to city commission

    Legal action says Miami Worldcenter didn't follow procedure
    February 05, 2015 04:38PM
    Miami Worldcenter

    A rendering of Miami Worldcenter

    For the second time, the Miami City Commission will vote on incentives for the Miami Worldcenter development.

    A lawsuit was filed against Miami Worldcenter by one of its tenants after the commission approved the agreement in September. Grand Central Lounge and attorney Paul Savage argued that Miami Worldcenter didn’t follow proper [more]

  • Community activists push for better wages at Miami Worldcenter site

    $1.06 billion project will be built on 28 acres near Overtown
    January 30, 2015 12:00PM
    Community forum at St. John

    Community forum at St. John Institutional Baptist Church

    A coalition of pastors, labor organizers and community activists vowed on Thursday to push for higher wages and permanent jobs from the developers of the massive $1.06-billion Miami Worldcenter development.

    The multi-use project will be built on 28 acres near Overtown.

    “What this is really about is getting to the negotiating table,” said Bishop James Dean Adams of St. John Institutional Missionary Church in Overtown, during a [more]

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  • Miami Worldcenter developers win millions in incentives

    Project to get up to $88M in tax rebates
    December 30, 2014 11:15AM
    Miami Worldcenter rendering and Nitin Motwani

    Miami Worldcenter rendering and Nitin Motwani

    Miami Worldcenter’s developers won millions in incentives on Monday when city commissioners approved a multi-year tax-rebate deal, despite complaints from Overtown residents, labor officials and community activists. [more]

  • Worldcenter subsidy agreement up for vote

    Tax rebates valued at $6.9M annually
    December 29, 2014 09:45AM
    Miami Worldcenter rendering and Nitin Motwani

    Miami Worldcenter rendering and Nitin Motwani

    The Miami Worldcenter subsidy agreement is up for a vote today when city commissioners come together as the Overtown Community Redevelopment Agency. [more]

  • Lower hiring goals expected for $1B Miami Worldcenter

    Tax rebate deal would reduce proposed benefits for city residents
    December 26, 2014 09:56AM
    Rendering of Miami Worldcenter

    Rendering of Miami Worldcenter

    Miami commissioners are scheduled to vote Monday to supercede a previous agreement for the $1 billion Miami Worldcenter project that sets lower local hiring goals.

    Commissioners will be asked to discuss two $1 million grants to Overtown restaurant owners, a raise for the agency head, and hundreds of thousands of dollars in grants to nonprofits, according to published reports.  [more]

  • Worldcenter tenant challenges developer with lawsuit

    Tenant's attorney states Worldcenter agreement violates state laws
    December 23, 2014 03:45PM
    Miami Worldcenter first phase rendering

    Miami Worldcenter first phase rendering

    On Monday, tenants of the Miami Worldcenter, the owners of Grand Central Lounge, reportedly asked Miami-Dade Circuit Court to halt the development plans of Worldcenter. [more]

  • 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]

  • 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]

  • Miami Worldcenter seeks public subsidies

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

    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]