Developers have completed the acquisition of the 600 Miami Worldcenter site and say demand for condo units is strong.
600 Miami Worldcenter will include 600+ residential units allowing for short term rentals.
Aria Development Group and Nitin Motwani and Dev Motwani’s Merrimac Ventures paid $17.5M for 24,000 square-foot development site known as The Miami Link, located at 33-55 NW 6th Street. Their total assemblage size is now 34,800 square feet.
Merrimac is also co-developing a 450-unit tower on the same block called The Crosby, which is now in permitting.
Aria is building the 448-unit 501 First tower nearby, also a similar concept.
The International Longshoremen’s Association was the seller of The Miami Link property.
“Pre-sales for 600 Miami World Center are already off to a strong start,” said David Arditi, Co-Founder of Aria Development Group and Head of Aria Miami.
Colliers Executive Managing Director Mika Mattingly, Executive Director Jack Lowell, and Senior Associate Cecilia Estevez represented the buyer and the seller in the transaction.
The new 600 Miami Worldcenter tower is planned to rise 32 stories.
Revuelta is the architect.
