Miami Worldcenter To Welcome 53-Story Condo/Hotel
The city’s Urban Development Review Board approved plans for Miami Worldcenter Block C, located on the 0.68-acre site at 155 N.E. 10th St., on March 20.
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The city’s Urban Development Review Board approved plans for Miami Worldcenter Block C, located on the 0.68-acre site at 155 N.E. 10th St., on March 20.
The 1,049-foot building will be the tallest in Miami.
The $60 million US Department of Transportation grant, which is the largest received in the city’s history according to the mayor, marks a critical leap forward for the I-395 Underdeck and signature bridge.
The three towers will have 1,342 multifamily units, 264 apartment-hotel units, 615 hotel keys, 100,000 square feet commercial, and 1,180 parking spaces.
Mercedes-Benz Places — Miami will be the first residential tower for the luxury car brand in the United States.
Developers are offloading parcels for mixed-use, condo, townhome and multifamily projects, as some struggle to land equity investors or bank financing.
The new development will include both market-rate and workforce housing apartments, along with parking facilities for residents and visitors.
Unlike much of the redevelopment now enveloping Miami, the plan spearheaded by Coconut Grove-based developer Swerdlow Group is aimed squarely at low-income and middle-class Miamians who are now finding it increasingly unaffordable to live in the city, especially in the urban core.
The loan marked a new record for a single tower, residential construction loan.
Plans for the Class A tower include 750,000 square feet of creative offices, structured parking for 1,000 vehicles and 7,500 square feet of ground-level retail space.
Ven-American Real Estate, Inc. established in 1991, is a full service commercial and residential real estate firm offering brokerage and property management services.
Ven-American Real Estate, Inc.
2401 SW 145th Avenue, Ste 407
Miramar, FL 33027
Brokerage & Property Management Services
Phone: 305-858-1188