Abbhi Capital Buys More Land At Miami Worldcenter & Plans 2M Square Foot Mixed-Use Project

Abbhi Capital of Coral Gables has purchased more land at Miami Worldcenter and is planning a mixed-use project there.

In total, Abbhi has spent $44 million and now owns 2.2 acres at Miami Worldcenter. The latest purchase is 45,000 square feet for $20 million, with another purchase last August for $24 million.

A mixed-use project with multifamily, hotel, office and retail is planned on the combined parcels, Managing Partner Sankesh Abbhi told the SFBJ yesterday.

Over 2 million square feet can be built on Abbhi’s combined properties at Worldcenter. The new parcel alone allows up to 850 residential units and 1.2 million square feet.

Abbhi’s adjacent properties are at Worldcenter’s Block A.

“Abbhi Capital is excited to expand our commitment to Miami Worldcenter and we are proud to be a part of the strategic vision of a ‘city within a city.’ We look forward to the bright future of this incredible location and project,” Abbhi said.

Next door, the 39-story Kenect Miami Worldcenter is planned by Chicago’s Akara Partners with 450 units.

Other projects continue to near completion at Miami Worldcenter.

Approximately 150,000 square feet of retail has been completed for tenant build-out, with another 130,000 square feet currently under construction and nearing delivery, Worldcenter representatives said yesterday.

Construction has topped off at ZOM’s 43-story Bezel Miami Worldcenter, a 434-unit rental tower slated to open later this year, and at Miami Worldcenter’s 351-room citizenM hotel, which is expected to open in December, the representatives said.

 

Fifield once proposed a tower on Abbhi’s property. but that has now been cancelled:

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Anonymous
5 months ago

Taubman and others are going to regret not buying the retail for this section of town. World Center will have the vitality of Brickell once all of this construction is finished and the district fills in.

Crazy to think this was empty warehouses just 4 years ago.

Anonymous
5 months ago

Agree with you.. this Area will fill in similar to what occurred around Brickell City Centre.

Anonymous
5 months ago

agree 100%. This area is going to have a nice mix of condos, apartments, hotel and offices all in a walking distance so there should be alot of foot traffic all throughout the day.

Anonymous
5 months ago

I truly don’t see the same success without the convention hotel on one side and the excitement and vitality of Skyrise to the other.

Anonymous
5 months ago

All those projects (and more) are planned in the short-term. These developers know what they are doing.

Anonymous
5 months ago

The convention center proposal needs to be redesigned and if Skyrise isn’t redesigned, scrap it because anything that looks that wacky should not be in the forefront of Miami’s skyline.

Moishe Mana
5 months ago

When you look at all the projects under construction and proposed, this area will become the center piece for Miami! Perez, science center, AAA, Bayside, Skyrise, MWC, Adrienne Arsht, Convention center, Brightline, signature bridge with park and hopefully the Innovation district.

Anonymous
5 months ago

Awww Mana, that’s so sweet of you… now hurry up and unload a lot of those properties you own.

Anonymous
5 months ago

Game-changer!

Anonymous
5 months ago

Can TNM provide a clear map of the MWC site with proposed construction. I’m really confused as to what goes where. Please show what’s on hold, what’s ready to start construction, what is underway.

Anonymous
5 months ago

Agreed. I have no reference of where this property is.

Anonymous
5 months ago

Miami World Center will soon become the heart of Miami❤️

Anonymous
5 months ago

The stories on the TNM today were kinda lame.

Anonymous
5 months ago

I would boycott reading it if I was you.

Anonymous
5 months ago

It’s been a slow week

Anonymous
5 months ago

Sheesshh!.. talk about a new building proposal in Fort Lauderdale and some readers don’t like it, and don’t excite with every article and some readers don’t like it.

Like the words in the song says, “you can’t always get what you want.”

Anonymous
5 months ago

Start piling work already

Anonymous
5 months ago

ASAP

Anonymous
5 months ago

Yes.. I wanna see piling work going on for the Legacy tower.

Anonymous
5 months ago

Agree. One of the most beautiful towers I’ve seen ever approved here. I live the spire. Reminds me of that Capital project that failed in the 00s on Sout Miami Avenue at 14th street where there’s still an empty hole.

Anonymous
5 months ago

Miami Winning!

Anonymous
5 months ago

Look, saying that bs is getting stale now.

Anonymous
5 months ago

I hope abbih capital is not the next moishe mana buying land and not doing anything with it

Anonymous
5 months ago

Another sad box. 🙁

Anonymous
5 months ago

What is the address of this location?

Anonymous
5 months ago

#odparchitects

Anonymous
5 months ago

The area need a casino and some strippers clubs to spice up the residents.