Miami’s Worldcenter Announces Official Opening

Miami’s Worldcenter Announces Official Opening
News| May 27, 2025| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

CIM Group announced that Miami Worldcenter, a 27-acre, 10-block mixed-use development, is now officially open for business. The $6 billion Miami Worldcenter project features a mix of residential, retail, commercial and hospitality uses developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.

Located West of Biscayne Boulevard and East of I-95, the Miami Worldcenter master plan includes $100 million in completed, privately built infrastructure, 100,000 square feet of new public space, 300,000 square feet of retail and 16 high-rise towers for residential and hospitality uses, many of which are completed or underway. The development will bring approximately 11,000 residences and more than 1,000 hotel rooms.

The retail options include Downtown Miami’s first Apple store, Sephora, Lululemon, Ray-Ban and Lucid Motors.

The development has created 9,000 jobs, and the indirect benefits spurred by the construction have further created jobs and revenue opportunities for local businesses.

Other News

Jonathan Rose Announces Revamp of Ohio Seniors Housing

Chicago & Midwest

Jonathan Rose Companies and Community Opportunity Fund, a nonprofit focused on expanding affordable housing and connecting residents to opportunity, announced plans for a comprehensive $32.8 million rehabilitation of Ashtabula Towers, a 202-unit affordable senior housing community in Ashtabula, Ohio. The project represents a significant reinvestment in a longstanding community asset, with updates designed to enhance...

Learn more

Atlas Capital Snags Hell’s Kitchen Apartments for Reported $150M

New York & Tri-State + Apartment Buildings

Atlas Capital Group has acquired 360 W. 43rd St., a 256-unit multifamily property located in Midtown Manhattan’s Hell’s Kitchen neighborhood. Although Atlas Capital did not disclose the acquisition price, Crain’s New York Business reported it as approximately $150 million, or about $586,000 per unit. The 23-story, approximately 250,000-square-foot property comprises 256 rental apartments, 13,000 square feet...

Learn more

EYA Advances Two Residential Developments in Fairfax County

Washington DC + Apartment Buildings

EYA LLC, a D.C.-based urban infill residential developer, is advancing two major residential projects in Northern Virginia. The firm’s Prosperity Park project received approval from the Fairfax County Board of Supervisors, and the Idylwood Hill development reached a key milestone with the closing of its 6.97-acre site in Falls Church. The two projects will bring...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up