The Real Deal Miami

Miami Worldcenter to create 33K jobs: developer

Firm claims site will give rise to 14K permanent jobs
Rendering of Bloomingdale’s at the Mall at Miami Worldcenter

Rendering of Bloomingdale’s at the Mall at Miami Worldcenter

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