Witkoff Plans Huge Miami Worldcenter Project With 2,200 Resi Units
The Witkoff Group is planning a massive residential development in Downtown Miami.
The New York-based developer wants to build 2,195 residential units at its Miami Worldcenter project at 700 North Miami Avenue, according to documents filed with city planners, first reported by The Next Miami.
If approved, the development would not only be the largest residential development in Downtown Miami, it would also dwarf all the other projects in Miami Worldcenter, the master-planned project underway in Downtown Miami.
Miami Worldcenter is one of the vastest private developments in the U.S, spanning 27 acres in the heart of the Magic City. A mix of high-profile real estate groups, including the Related Group and Royal Palm Companies, are developing their own towers on the site.
The Witkoff Group bought the 4.7-acre parcel, once the site of the Miami Arena, for $94 million last summer with Monroe Capital. Its plans would more than double the number of units currently planned inside Miami Worldcenter, which stands at 2,100 units, according to its website.
Besides the residential component, The Witkoff Group is seeking to build 50,000 square feet for retail and 540,000 square feet for offices.
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