One of America’s most exciting cities is giving rise to a vibrant new center.
Miami Worldcenter is a $4 billion mixed-use development under construction in the Park West neighborhood of downtown Miami. The project being led by principals Arthur Falcone and Nitin Motwani and designed by Elkus Manfredi Architects.
Here, we break down this massive megaproject by the numbers.
10 new downtown towers (at least)
Miami Worldcenter’s development plans are still unfolding, with two new towers were revealed last month alone. Planned towers currently include One Worldcenter, Paramount Miami Worldcenter, Marriott Marquis Hotel & Convention Center, Luma, Caoba, Caoba 2, Kenect, Kenect 2, Fifield Tower, and Citizen M.
27 acres of land
Miami Worldcenter is currently one of the largest private master-planned projects in the United States, second only to Hudson Yards in New York City. Located in the center of downtown Miami, the 10-block and 27-acre development is situated immediately north of the Central Business District and directly across from American Airlines Arena.
“Our master plan for Miami Worldcenter will transform 10 blocks of urban blight into a thriving retail, residential and commercial destination while creating tens of thousands of local jobs and attracting new investment to the City’s urban core,” Nitin Motwani, Managing Principal for Miami Worldcenter Associates, noted in a prepared statement at the project’s inception.
55-story hotel and convention center
A 55-story hotel and convention center — the Marriott Marquis Miami Worldcenter Hotel & Expo Center — will contain 1,700 rooms and 500,000 square feet of meeting, exhibition, and convention space. This property is being developed by MDM Group.
569-unit luxury residential tower
Completed earlier this month and developed by Paramount Ventures, the 60-story Paramount Miami Worldcenter has been advertised as a “vertical country club” and the most luxurious residential tower in America. It features over 46 onsite amenities, including over four acres of outdoor decks, a basketball court, a state-of-the-art fitness center, boxing gym, golf simulator, a rooftop infinity pool, soccer fields, a spa, and more.
The building was also designed to eventually include a Skyport landing pad on the roof for flying cars — an homage to Miami’s reputation as the “City of the Future.”
300,000 square feet of retail space
Along with the convention center, hotel space, and residential units, the development will include a large amount of street-level retail and large anchor tenant space, including Macy’s and Bloomingdale’s.
According to a press release from the development group, “Miami Worldcenter’s retail plan reflects downtown Miami’s emergence as one of the country’s fastest- growing urban centers, home to a population that has doubled in size since 2000 and a streetscape that has become more pedestrian-friendly in recent years.”
13.9 million visitors per year
Miami sold more than 12.5 million hotel rooms last year, with revenue per available room ranking only behind New York and San Francisco. This massive investment in downtown Miami is expected to serve both its 20 million residents and the millions of visitors the city sees every year.
A few of Miami Worldcenter’s towers have already been completed — beginning with the Caoba apartment tower on January 14, 2019 and with more on schedule to be topped off throughout the year. With a true opportunity to propel Miami to the forefront of American cities, this development project is certainly one to watch as it continues to progress.