The Miami Worldcenter is a planned mixed-use urban development of retail, residential towers, hotels, condominiums and corporate spaces, which is to be developed on a 27-acre site in downtown Miami, Florida, US.
Representing the biggest ever private real estate development in downtown Miami, the $2bn project will be developed by Miami Worldcenter Associates, a joint venture of Falcone Group, Centurion Partners and Los Angeles-based real estate investment company CIM Group. Miami Worldcenter Associates gained approval of its zoning package and master development agreement from the Miami City Commission in October 2014.
The project will transform ten blocks of mostly vacant urban land in downtown Miami into a major retail, residential and commercial destination, as well as connect the Central Business District of Miami with the thriving Arts and Entertainment District.
Construction for Phase One of the project is expected to start in early 2015. The project is expected to generate 35,000 jobs, including 18,000 direct jobs.
The project site, located to the north of the city’s Central Business District, is in close proximity to the Miami-Dade Metromover system, the upcoming All Aboard Florida high-speed rail terminal and regional transportation hubs, including Miami International Airport and the Port of Miami.
Important entertainment venues such as the AmericanAirlines Arena and Adrienne Arsht Center for the Performing Arts are also located nearby. The mixed-use development is closer to area museums, colleges, government centres and Miami Beach.
The initial phase of the mixed-use urban development will include a 1,800-room Marriott Marquis Hotel with a 600,000ft² convention, meeting and exhibition hall to be developed by MDM Group, a 765,000ft² shopping mall called ‘The Mall at Miami Worldcenter’ to be developed by the Forbes Company and Taubman, a pedestrian-only promenade with 90,000ft² of premier retail space and up to 1,000 residential units, including both luxury condominiums and market-rate apartments.
The four-star Marriott hotel building will feature resort facilities with a pool deck offering views of the bay, the AmericanAirlines Arena and the downtown skyline. It will also house an 80,000ft² outdoor event deck and a 1,800 parking garage.
Bloomingdale’s and Macy’s respectively will occupy 195,000ft² and 120,000ft² of anchor space at The Mall at Miami Worldcenter, while the remaining 465,000ft² tenant space will be occupied by other retailers. The mall will also offer complementary dining and entertainment options and 3,000 on-site parking spaces.
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The promenade will create a link between the hotel with Biscayne Boulevard and the bay front to the east.
Streets and sidewalks will also be modified and expanded as part of the project, which will result in increase of traffic flow.
The master plan for the mixed-use development was created by Massachusetts-based Elkus Manfredi Architects. The design for the 54-storey hotel building on top of a large exposition centre was provided by Florida-based Nichols Brosch Wurst Wolfe & Associates.
The design of the pedestrian-only promenade is inspired by classic themes of different pedestrian streets of the world. The thoroughfare runs from east to west through the southern part of the development, with the AmericanAirlines Arena and waterfront lying at the east side. The promenade is planned to be lined by outdoor cafés, shops and restaurants, all inspired by European themes.
International law farm Greenberg Traurig acted as the legal advisor for the agreement signed between Miami Worldcenter Associates and the City Commission in October 2014. The traffic engineering consultant of the project is Kimley Horn & Associates.
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