The last remaining parcel at Miami Worldcenter has been listed for sale at NE 1st Avenue between 10th and 11th Streets, which is being marketed by Robert Given of Cushman & Wakefield. The parcel is located on Block A and spans 2.18 acres, allowing for 1.7 million square feet of total development and up to 1,100 residential units. The multi-use parcel is zoned for residential, retail, office and hotel use. Miami Worldcenter has been a hotbed for new development where Hines is gearing up to break ground on a neighboring parcel to bring 500,000 SF of Class A office space to Miami Worldcenter, MDM Group is finalizing their plans for a 1,700-key Marriott Marquis Hotel with expo center, a 348-key CitizenM hotel is nearing groundbreaking and Akara Partners is planning Kenect Miami adjacent to the newly listed parcel. Previously Fifield had proposed a 47-story tower with 533 apartments on the now for sale parcel before it hit the market.
“The coming year will see a series of important milestones at Miami Worldcenter, including the delivery of a substantial amount of retail space, the rise of a CitizenM hotel, the opening of our signature condo tower, and the announcement of our first retail tenants,” said Nitin Motwani, Managing Partner of Miami Worldcenter Associates. “In marketing our last remaining parcel, it’s critical that we identify an investor or joint venture operator whose plans are aligned with our vision for creating a city within a city in the heart of Downtown Miami.”
“This site represents a unique opportunity to be aligned with an impressive number of world-class developers including the Miami Worldcenter team in one of the most transformational projects in Miami’s history,” said Robert Given, Vice Chairman at Cushman & Wakefield.