Lower hiring goals expected for $1B Miami Worldcenter

Miami /
Dec.December 26, 2014 09:56 AM

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. 

A tax-rebate deal with the developer of the mega-project would reduce certain proposed benefits for city residents, instead of giving them more as had been expected, the Daily Business Review reported.

Worldcenter plans to bring a 765,000-square-foot shopping center, as well as residential buildings and hotels, to a neglected 27-acre site spanning 10 blocks north of downtown Miami. An expo center and hotel also are planned by another developer on the site of the demolished Miami Arena.

The developer promises to fill about 30 percent of unskilled construction jobs with local residents, favoring people in Overtown and other high-poverty ZIP codes. In addition, at least 10 percent of skilled jobs would have to be filled with locals. Because of the way the deal is structured, the number of jobs promised to city residents would be lower than goals set in September’s agreement. [Daily Business Review] — Kristina Puga


Related Articles

arrow_forward_ios
Lease roundup: Miami Worldcenter, Town Center at Boca Raton score new retailers
Lease roundup: Miami Worldcenter, Town Center at Boca Raton score new retailers
Lease roundup: Miami Worldcenter, Town Center at Boca Raton score new retailers
Rendering of the Legacy Hotel & Residences and exam room (Legacy Hotel & Residences)
Lease roundup: Blue Zones to run Legacy Hotel & Residences health and wellness hub at Miami Worldcenter & more
Lease roundup: Blue Zones to run Legacy Hotel & Residences health and wellness hub at Miami Worldcenter & more
Royal Palm Companies's Dan Kodsi, OneWorld Properties's Peggy Olin and a rendering of Legacy Hotel & Residences
Selling out: South Florida condo developers report feverish market
Selling out: South Florida condo developers report feverish market
Miami Worldcenter Associates' Nitin Motwani, Abbhi Capital founder Sankesh Abbhi and a rendering of the site (Photos via Miami Worldcenter, Abbhi)
Miami Worldcenter developer sells 1-acre lot to Abbhi Capital, doubling its site
Miami Worldcenter developer sells 1-acre lot to Abbhi Capital, doubling its site
 Miami Worldcenter Associates developers Art Falcone and Nitin Motwani and RPC’s Dan Kodsi with a rendering of the project (Royal Palm Companies)
Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Nitin Motwani, Sankesh Abbhi and 1016 Northeast Second Avenue (Google Maps)
Miami Worldcenter developer sells site to Abbhi Capital for $24M
Miami Worldcenter developer sells site to Abbhi Capital for $24M
Miami Worldcenter Managing Principal Nitin Motwani and a rendering of the project
Developer buys Miami Worldcenter site for mixed-use project
Developer buys Miami Worldcenter site for mixed-use project
Dan Kodsi and Legacy Hotel & Residences
For future pandemics, Miami Worldcenter plans $60M health center
For future pandemics, Miami Worldcenter plans $60M health center
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...