Just days after PROFILEmiami reported that Miami Worldcenter Associates have closed on a $43 million construction loan for the retail component of the $2 billion Miami Worldcenter mixed-use mega-project in the Park West neighborhood of Downtown Miami, the developers have applied for permission to modify their design for Block D. Block D is currently under construction and the proposed changes includes the exterior finishes and façades including artwork by Franz Ackermann and integrated projected panel and fin systems. Ackermann will maintain the art for 5 years. Miami's Urban Development Review Board (UDRB) will review the proposal on January 17. Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, are developing Miami Worldcenter in partnership with Taubman Centers, The Forbes Company, and MDM Group. The master plan was designed by Elkus Manfredi Architects and the project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo as well as a 45-story office tower being developed by Hines.
The Real Estate Mogul's Guide to South Florida
