A piece bordering the $4B Miami Worldcenter megaproject just hit the market

The 24,000-square-foot development site known as World Center Link

Sep.September 13, 2019 11:30 AM
From left: Cecilia Estevez, Mika Mattingly, and Jack Lowell

From left: Cecilia Estevez, Mika Mattingly, and Jack Lowell

A development site bordering the $4 billion Miami Worldcenter megaproject just hit the market.

Colliers International South Florida’s Urban Core Division’s Mika Mattingly, Jack Lowell and Cecilia Estevez have been tapped to sell the 24,000-square-foot development site known as World Center Link at 33-55 Northeast 6th Street.

The developers are asking $16.5 million for the site, which allows for up to nearly 400,000 square feet of development and as many as 275 residential units.

The property sits right next to the Miami Worldcenter megaproject. In July, developer Dan Kodsi and Miami Worldcenter Associates received a temporary certificate of occupancy for the majority of the 60-story, condo building Paramount Miami Worldcenter that sits at the center of the project. Closings are expected to begin in a couple of weeks on the 569-unit tower, which cost about $500 million to build.

In addition to the condo tower, the $4 billion 27-acre Miami Worldcenter is also expected to include about 450,000 square feet of high street retail, a 1,100-space parking garage, a 1,700-room convention center hotel from MDM Development Group and an office tower being built by Hines.

Art Falcone and Nitin Motwani are leading the development. Partners in the project include CIM Group, Kodsi, citizenM and others. In January, Miami Worldcenter Associates, CIM Group and Falcone Group completed the first building, Caoba, a 444-unit rental tower at 698 Northeast First Avenue.

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