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Miami Worldcenter Associates has sold Miami Worldcenter’s 27-acre retail and entertainment district to a venture comprised of affiliates of the Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies (Davis) and Jamestown for $210 million. The district features 300,000 square feet of retail, dining and entertainment businesses, approximately 2,000 parking spaces, and 100,000 square feet of parks and plazas.
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After nearly two decades of planning and development, Miami Worldcenter is set to host its official Grand Opening this week as the $6 billion, 27-acre mega-development continues Downtown Miami’s transformation into a vibrant, walkable destination where Miami lives, shops, dines, and plays.
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Lucid Motors, a luxury electric vehicle company producing the state-of-the-art Lucid Air, is now open at Miami Worldcenter, the $6 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. Located at 951 NE 1st Avenue, the nearly 23,000-square-foot space is Lucid’s largest location in Florida. The location includes a Lucid Studio, which allows customers to experience the brand and its lineup of luxury electric vehicles in an environment that underscores the company’s signature design aesthetic.
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Club Studio
An enticing collection of shops and dining spots in Downtown Miami continues to take shape with three new national retail and restaurant tenants coming to Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The development’s ownership has completed leases with a new high-end fitness concept called Club Studio, popular dining spot Earls Kitchen + Bar, and luxury swimwear brand Luli Fama through Leap.
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The developers of Miami Worldcenter have completed another 80,000 square feet of lifestyle-driven retail space. The stand-alone building, known as Block F-East, marks one of the final retail components of the 27-acre project to be delivered as active vertical development continues at the $4 billion mixed-use development in the heart of Downtown Miami.
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Buckle-up Miami, after nearly a decade of construction, Downtown Miami’s new $4 billion, 27-acre Miami Worldcenter mixed-use development, will welcome its first tenant on November 28 when Michelin Starred Chef Michael Beltran’s Ariete Hospitality Group (AHG) opens Brasserie Laurel. Brasserie Laurel will deliver upscale French-inspired Miami cuisine with a focus on local, seasonal ingredients and will provide a wide array of table-side service for some of their signature dishes.
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Live! Hospitality & Entertainment has signed an agreement with Miami Worldcenter to bring its nationally acclaimed concept, Sports & Social, to the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. The 20,000-square-foot venue will include an open-air rooftop restaurant overlooking the project’s World Square public park and plaza.
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Miami Worldcenter has announced the completion of Block H, adding to the retail and parking components at the 27-acre project as active vertical development continues on the $4 billion mixed-use development in the heart of Downtown Miami. Block H is composed of 50,000 square feet of prime street-level and rooftop retail space.
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A joint venture between Related Group and Dev Motwani’s Merrimac Ventures has acquired a development lot in Miami Worldcenter for $12 million from Miami Worldcenter Associates. The .6 acre lot is located at 601 North Miami Avenue and 25 Northeast Sixth Street and is currently used as a surface parking lot.
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Sephora, Lucid Motors, and Bowlero have become the latest brands to announce leases at Miami Worldcenter, accounting for 90,000 square feet of retail space signed within the last 90 days at the $4 billion, 27-acre mixed-use development in Downtown Miami. The retailers will be located along the open-air shopping and entertainment promenades, and will join a growing roster of brands that recently announced openings at Miami Worldcenter beginning in 2022.
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