Miami Worldcenter, the 27-acre, $4 billion development in Downtown Miami, is preparing to welcome its first residents after 15 years of land acquisitions, planning and construction. The 444-unit, transit-oriented CAOBA rental tower has received the green light to welcome tenants and with the launch of leasing has become the first building to deliver within the master-planned Miami Worldcenter project. The opening of CAOBA is the first in a string of milestones that will take place at Miami Worldcenter in 2019. Over the coming months Paramount Miami Worldcenter, the only condominium for currently for sale in Miami Worldcenter, will be completed; the 348-room citizenM hotel will break ground, and 150,000 square feet of retail space deliver. CAOBA was co-developed by CIM Group and Falcone Group.
CAOBA’s apartments range from studios to 3-bedroom units which range in size between 500 SF and 1,300 SF. Monthly rents range from from $1,775 to $4,275. Units feature 9’ ceilings, contemporary finishes, in-unit washers and dryers, and private balconies offering sweeping views of Biscayne Bay and the Miami skyline. Amenities at CAOBA including a 10th-floor resort-style pool deck overlooking downtown, a rooftop fitness center, a club room with a fully-equipped kitchen, and an outdoor dog-walking lawn. CAOBA also offers more than 20,000 SF of street-level retail space that will be home to shops and restaurants creating an east-west pedestrian promenade linking Miami Central with Miami Worldcenter’s ‘High Street’ retail component and public plaza to the east as well as six transit systems located within one block of the tower.
“As the first tower to deliver at Miami Worldcenter, CAOBA is a cornerstone of our city within a city,” says Nitin Motwani, managing principal of Miami Worldcenter Associates. “CAOBA residents will be living at the intersection of arts, entertainment, education, retail and transit — introducing an element of convenience, proximity and walkability that is new to Miami. Our team has received countless inquiries from people interested in renting a luxury apartment at Miami Worldcenter, and they now have a chance to do just that as we open the doors at CAOBA.”