The New York City-based real estate investment group Witkoff and the Chicago-based Monroe Capital have acquired the site of the now cancelled Marriott Marquis Miami Worldcenter from MDM Group for $94 million. The 4.7 acre site is located at 700 North Miami Ave.
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New Renderings Revealed of Miami Worldcenter
New renderings have been revealed of Miami Worldcenter where the site maps now show a 24-story, 250-key hotel on the 7th Street Promenade. The hotel would be one block from the 1,700-key Marriott Marquis Hotel & Convention Center, which is also coming to Miami Worldcenter.
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Miami Worldcenter Unveils Construction Timeline for the Mixed-Use Development
Miami Worldcenter is currently the second largest urban developments underway in the United States and occupies 27 acres in the heart of downtown Miami. The ten-block project is expected to account for $2 billion in new investment in downtown Miami and will include world-class retail, hospitality, commercial and residential uses.
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