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The ordinance, approved on first reading by Miami City commissioners, is intended to help the city align with Miami-Dade County’s rapid transit zoning policies and Florida’s Live Local Act. However, critics described the initiative as favoring developers over neighborhoods.
The deal now places the entire 500,000-square-foot shopping destination under the control of Simon Property Group.
In a newly published interview, billionaire founder of Citadel praised Miami’s energy and outlook.
San Francisco-based Wisk Aero recently signed two memoranda of understanding — one with the Miami-Dade Aviation Department and another with the University of Miami’s Engineering Autonomy Mobility Initiative.
A sweeping proposal could significantly increase development near Miami Metrorail stations and other major transit centers. Under the first phase of the plan, as outlined by city planning officials, certain properties currently capped at five stories could see high-rises up to 12 stories tall. In some areas, density could more than double.
As Miami continues to grow, this upcoming development promises to be a significant addition to its dynamic cityscape.
As Miami solidifies its reputation as the “Wall Street of the South,” institutions are stepping up to meet the needs of global clients navigating this dynamic landscape.
According to the Miami-Dade County Property Appraiser’s Office, the countywide taxable value for 2025 increased by 10.7%, reaching approximately $471.5 billion. While this represents a significant sum, it is a deceleration compared to the 12.7% growth recorded in 2024.
The newly opened retail and dining spaces of Miami Worldcenter marks a major milestone in the $6 billion development—now the second-largest urban mixed-use project underway in the U.S., second only to New York’s Hudson Yards. Partners plan to continue with billions of dollars of development.
The 2.8-acre parcel, located at 700-799 Brickell Avenue, was once slated to become the One Brickell City Centre, a 1,000-foot-tall office tower. However, Swire scrapped those plans earlier this year, citing difficulties in the current office market.
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