Three More Worldcenter Towers Set To Break Ground In 2018

With our without Amazon, at least three more towers will begin construction this year at Miami Worldcenter

A Worldcenter representative told The Next Miami that the three towers set to break ground this year are:

Worldcenter also announced that their newly topped off 43-story apartment tower has been renamed Caoba.

A second 40-story apartment tower sharing a podium with Caoba is also planned. It will not share the same name, and no groundbreaking date is known to project representatives yet.

Pre-leasing at Caoba will begin this fall, with opening scheduled for fall of 2018.

 

Miami Worldcenter’s CAOBA Apartment Tower Tops-Off Construction at 43 Stories in Downtown Miami

Transit-oriented rental complex will bring 444 market-rate apartments to Miami’s urban core; Pre-leasing is set to begin this summer with delivery expected in the fall

MIAMI, FL – January 22, 2018 – Co-Developers CIM Group and Falcone Group have topped-off construction at CAOBA, a 444-unit apartment tower located within Miami Worldcenter, the 27-acre mixed-use development in the heart of downtown Miami. Formerly known as the first phase of the Seventh Street Apartments, the 43-story market-rate rental building becomes the first tower to top-off construction at the $2 billion Miami Worldcenter development, marking a major milestone for one of the largest urban development projects underway in the country. Construction of CAOBA is anticipated to be completed in the fall of 2018, with apartments set to open for pre-leasing this summer.

CAOBA is located at 698 Northeast 1st Avenue one block from Miami Central, downtown’s new transportation hub and Brightline’s high-speed rail Miami terminal, which offers direct train service to Fort Lauderdale, West Palm Beach and Orlando. Additionally, the tower’s connectivity to other South Florida public transit systems such as the Metromover, Metrorail, Metrobus, Miami Trolley and Tri-Rail, will make owning a car optional for residents.

CAOBA will include more than 20,000 square feet of ground-floor retail space for shops and restaurants, connecting Miami Worldcenter’s ‘High Street’ retail promenade and plaza to the east between Northeast 1st and 2nd Avenues. Plans for an adjacent 40-story, 429-unit tower have been approved by the City of Miami.

“Caoba is the Spanish word for mahogany, which is a variety of wood prized for its beauty, durability and color – attributes that will reflect the luxurious, organic sensibility of the building’s amenity and public spaces,” explains Miami Worldcenter’s Managing Principal Nitin Motwani. “Residents of this complex will value being able to walk outside their door and be in the heart of a ten-block ‘city within a city’ complete with offices, shopping, dining and entertainment. And our proximity to Miami-Dade’s primary transit systems, including the new Brightline high-speed rail, means residents will be able to jump on a train and beat the traffic to anywhere in South Florida.”

With completion anticipated in the fall of 2018, CAOBA’s entry into the downtown Miami rental market will coincide with a surge in demand that shows no sign of waning. According to the Miami Downtown Development Authority’s mid-year 2017 report, demand for urban living continues to grow, with a 25 percent year-over-year monthly increase in the volume of signed leases.

CAOBA’s market-rate apartments range from studios to 3-bedroom units measuring between 500 and 1,300 square feet in size. Features include 9-foot ceilings, contemporary design finishes, in-unit washers and dryers, and private balconies that open up to sweeping views of Biscayne Bay and the downtown Miami skyline. The residential complex will feature a full suite of amenities, including a pool deck overlooking downtown, a fitness center, a clubroom and an outdoor dog-walking lawn.

Encompassing 27 acres in the heart of downtown Miami, Miami Worldcenter is one of the largest private real estate developments underway in the United States. The ten-block project, now under construction, will feature a diverse mix of urban land use, including high-street retail, hospitality, office and residential uses surrounded by world-class amenities and boasting convenient access to transit.

Located two blocks south of I-395, Miami Worldcenter will link downtown Miami’s Central Business District with its Arts & Entertainment District, which is coming alive as a hub for culture and entertainment. Its neighbors include many of Miami’s most exciting cultural and entertainment venues, including Museum Park, home to the Perez Art Museum Miami (PAMM) and the new Frost Museum of Science; AmericanAirlines Arena; and the Adrienne Arsht Center for the Performing Arts. Major destinations including Brickell Avenue, Miami Beach, Miami International Airport, Port Miami, and the Miami Health District are all minutes away.

CAOBA apartments will open for pre-leasing in summer 2018 and be ready for occupancy in fall 2018. For more information, please visit www.caobamwc.com.

 

three more coming:

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William

MDM has been delaying the hotel since the day they announced it. Saying that they will start in late 18′ is a bit ridiculous. I do hope they deliver but I don’t think they are.

Anonymous

Won’t be surprised if they water it down a bit more. It’s a shame. The first render design was gorgeous.

Anonymous

I don’t think it could look worse, but then again, the architect NBW really did sodomize the final result of a comparable convention center hotel in West Palm Beach. Whereas the original proposal was grand and palatial, what was built was shorter and a cheap, nasty clusterf**k of architecture. I’m referring to Hilton West Palm Beach.

mondocondo

They’re repainting the “big” picture for marketing purposes (400 rentals to let), but in reality the phasing of the development will be pretty slow, and it may end up looking much different. Cheers.

Anonymous

“Hines 45-story, 500,000 square foot mixed-use office tower (Q4 2018)”

Yes! …Love that Hines building and its design and location.

Anonymous

I guess it’s happening…

Maybe MWC could push for some protected bike lanes in the neighborhood…

Anonymous

LOL.. Definitely happening

Anonymous

Happened

Anonymous

What is with people like you and this bike crap? Look, this is not Coral Gables, or some other suburb in Miami, this is DOWNTOWN.

Anonymous

Move to the Redland or Davie. Plenty of biking opportunities. Not as many people there to laugh at your booty wrapped in spandex.

Anonymous

Will believe it when I see it…Check the articles linked: MDM has been “breaking ground” since 2014, and Zom since 2015

Anonymous

Some of these developers like pissing people off in Miami.

Anonymous

I’m tired of these rectangular shaped buildings. These developers and architects need to wake up! We are in 2018! Time to be a little bit more creative and innovated

Anonymous

What you meant say was “Time to be a little bit more creative and innovative,” right?

Anonymous

grammar nazi

Miami1

Caoba?? Mahogany?? The other tower can be named Cedro or Ebano then….

Anonymous

Caoba Township (草坝乡, lit. “Grass Dam Village”) in Li County, Gansu, in China.

Miami1

Well Caoba is Mahogany in Spanish…doubt it has to do with China..

Anonymous

Yeah if they were playing to the Chinese money they would have called it 8

Anonymous

Isn’t it incredible when you look at aerial photos of the downtown area and a little beyond and see all that vacant land? If done right, Miami can have one of the most densest skylines in the world!

Anonymous

This thing is proceeding at such a snail pace.

Anonymous

Ok, so this Comment has nothing to do with this particular story, but I’m going to post this opinion wherever I can. So this means you’re going to see this quite often. Please forgive. And if you feel the same please pass it on till we see some results. Miami, world-class city/Third World Rd. Taking the construction out of the equation, I 95, in Miami -Dade looks like a dump. The landscaping is a disaster, the amount of garbage, debris, car parts, layer upon layer of absolute garbage piled onto the side of the road and off – ramps is absolutely unacceptable for a city that defines itself as a world-class. I Have complained to the mayor of the county, the Mayor of Miami, and the administrators of the southern region of I 95 but To no avail. So now I’m going to start posting this everywhere I can. There’s no excuse for this mess when the roads maintained by the county and the Turnpike authorities are spotlessl. When you take into consideration the millions of people that drive up and down I-95 you start to wonder what they’re all Thinking of Miami’s curb appeal.

mondocondo

And what road are you adopting? Cheers

Anonymous

Agree completely. Miami, and most of South Florida, has always looked like a junkyard from I 95 and actually from most other roadways as well. The city should prioritize landscaping and maintainenance of the roadsides and the properties that line them. But they’re entirely focused on adding controlled lanes to move more cars which is of course not working and never will. When you add road capacity it just induces more demand.

Anonymous

Yeah sure, people are moving to South Florida because they see another lane has been added to I-95. Adding road capacity increases demand, not the other way around. OK.

Anonymous

So the trash won’t pick itself up. When you bitch to the Mayor, he won’t pick it up, when you bitch to the commissioners, they won’t pick it up. Odds are that by posting here, no one here is going to pick it up.
How about YOU take action, pick it up yourself, and stop bitching. You may inspire a movement.