The Real Deal Miami

Worldcenter could be getting smaller

January 26, 2009 10:39AM

Failure to close on seven acres of a potential building site may force
the developers behind the giant mixed-use Miami Worldcenter to shrink
the project by about a quarter of its planned size. Africa-Israel, a
Tel Aviv-based conglomerate that owns the real estate, announced the
deal fell through in a statement to investors but did not return calls
for comment Friday. The 30-acre project was slated to include hotels, shops and
entertainment venues on nine city blocks.