Miami’s WorldCenter Phase One Timeline Unveiled

For months, HBW subscribers in the Miami area have been using our building permit activity reports to follow the progress of the Miami WorldCenter, one of the nation’s most distinguished commercial developments. On November 12, the Miami Herald’s Andres Viglucci reported that developers had unveiled their plans for the megaproject, which will be located in the old Park West district. Balazs Szekely, of Commercial Property Executive, reported the December 7 release of the construction timeline for phase one of the project.

The timeline was unveiled shortly after the City unanimously approved a rezoning package and development agreement to facilitate the project. This ambitious project will spread across 27 acres of the downtown area, making it one of the biggest private real estate developments to be built this century. Building professionals in the Miami seeing commercial construction job leads have much to look forward to with this development.

The much-anticipated development unveiled its plans for Phase I, which includes a 60-story luxury living comprised of 470-units. The living space will be embedded into a three-level shopping mall. This section of the development is expected to encompass a 3-and-a-half block area. The project will eventually feature nearly 1,000 housing units, with luxury residences and boutique condos offset by market-rate apartments. The residential part of the development will break ground in Q1 of 2015 with vertical construction set to start in summer 2015. Pre-sales for the 466-unit Paramount luxury condos started in November.

Led by principals Art Falcone and Nitin Motwant, this massive mixed-use development is a collaboration between the Miami WorldCenter Associates and a team of design, engineering, and development firms. Internationally-renowned shopping mall developers Taubman and The Forbes Company have landed Macy’s and Bloomingdale’s as the anchors for WorldCenter upscale shopping complex, which will also feature an array of dining and entertainment options. An 1,800-room Mariott Marquis Hotel will anchor the convention, expo, and event spaces being developed by the Miami-based MDM Group for the WorldCenter. Phase 1 of the project is expected to bring more than 2 billion in new investment to what was once a derelict stretch of the city, with the hotel and expo space slated to break ground in late 2015.

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