Downtown Miami Retail Space And Plaza Open In Nation’s Second-Largest Project Of Its Kind

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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.

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Swire Sells Miami Site Planned For Office Supertall For Over $211M

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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.

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Condo Sales At Mandarin Oriental’s Miami Redevelopment Hit $1 Billion

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The condominium sales in the South Tower of the two-tower project reached a major milestone by surpassing $1 billion. The 66-story tower is now 50% sold, underscoring the city’s continued demand for high-end real estate.

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Developer Scoops Up Aging Coconut Grove Condos Staring Down Forced Demolition

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As of May 5, 2025, no recertification documents had been submitted, prompting the city’s Unsafe Structures Board to schedule a hearing for May 16 regarding the condo association’s non-compliance.

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Miami Office Sector Vacancy Rate Nation’s Lowest

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According to a recent report, Miami recorded the lowest office vacancy rate among the top 25 U.S. markets in Q1 2025, at 15.5%. Miami also stood out as the second-strongest market in terms of high sales prices.

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