Miami Worldcenter

Miami Worldcenter
General information
Status Approved
Type Mixed use
Location Park West, Miami, Florida, United States

Miami Worldcenter is a large proposed mixed-use development, led by principals Arthur Falcone and Nitin Motwani, spanning several blocks in the Park West neighborhood of Miami, Florida, just north of Downtown.[1] It may include over 25 acres of land, with a convention center, hotel space, residential, as well as copious street level retail and large anchor tenant space, such as Macy's and Bloomingdale's.[2] The hotel and convention center are planned to be part of the same 55 storey building.[3] The hotel will be very large with 1,800 rooms over the approximately 600,000 square feet (55,742 m2) convention center.[2] One proposed residential building known as the Miami Worldcenter Signature Tower may rise to the maximum 749 feet (228 m) above sea level permitted in that area.[4] The project may connect with the under construction All Aboard Florida intercity higher-speed rail system's Miami station.[2]

Miami Worldcenter was originally proposed in the 2000s, but was put on hold for several years due to the bad economy.[5]

Taubman announced that it will not be developing an enclosed regional mall. Instead the company is planning to build an open-air development.[6] The change in plans reflects a change in strategy for REITs as they move away from the enclosed regional mall concept.[6]

See also

References

  1. ↑ "Miami World Center". Emporis. Retrieved November 2, 2014.
  2. 1 2 3 Musibay, Oscar Pedro (December 5, 2013). "Macy's, Bloomingdale's to open stores in Miami Worldcenter". South Florida Business Journal. Retrieved November 2, 2014.
  3. ↑ "Marriott Marquis at Miami World Center". Emporis. Retrieved November 2, 2014.
  4. ↑ "Miami Worldcenter Signature Tower To Rise 749 Feet". The Next Miami. August 6, 2014. Retrieved November 2, 2014.
  5. ↑ Bandell, Brian (June 24, 2011). "Second foreclosure targets Miami Worldcenter". South Florida Business Journal. Retrieved November 2, 2014.
  6. 1 2 "Taubman, Kimco Start Off 2016 With ‘De-Malling’ Plans for Pair of Retail Centers - CoStar Group". www.costar.com. Retrieved 2016-01-22.

External links

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