Miami Worldcenter Says 150,000 Square Feet Of Retail Is Now Complete After Closing On Retail Condo

Miami Worldcenter Associates has announced the completion of a significant amount of retail space, and closed on the purchase of a large retail condo at the base of the Paramount condo tower.

A total of 150,000 square feet of retail has now been completed at Miami Worldcenter, the developer said in a statement.

An additional 50,000 square feet is in development and will be delivered in the coming months.

Earlier this month, a 65,000 square feet retail condo built at the base of the newly completed Paramount Miami Worldcenter was purchased by Miami Worldcenter Associates for $17.52 million, records show. Banco Inbursa provided a $55 million mortgage.

Miami Worldcenter has a “plan to deliver a vibrant and connected pedestrian-friendly retail experience in the center of Downtown Miami’s thriving urban core,” Managing Partner Nitin Motwani said.

Closings are now underway at the residential Paramount Miami Worldcenter condo tower above the retail space.

Retail tenants have not been announced yet.

 

(photos: phillip pessar)

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Anonymous

What a scam !!!
They keep telling lies !!!
They have not delivered on anything they promessed years ago. And will not deliver.

Anonymous

Of course they did but it takes time. It will look amazing once completed and filled with stores.

Anonymous

>Miami Worldcenter has a “plan to deliver a vibrant and connected pedestrian-friendly retail experience in the center of Downtown Miami’s thriving urban core,” Managing Partner Nitin Motwani said

I’d love to see this. They had a chance to narrow the roads and use the extra space to make it less car-dependent (such as protected bike lanes) instead they kept the wide highway style streets and built thousands of car parking spots.

anonymous

They got approval to make 7th Street fully pedestrian, they added another pedestrian walkway within their property lines, and they widened all the sidewalks (I’ve walked it, it’s actually great, though obviously need the retail to activate everything). To do bike lanes you need a City-wide effort, otherwise you end up with random, one-off segments.

Anonymous

Head down there and take a look at 7 St. They’ve yet to do anything there it’s not even dirt just a fence surrounded by emptiness.

Anonymous

Can’t wait to shop til I drop.
Not.
Amazon. Who shops?

Anonymous

But how much of that retail space will be rented

Anonymous

NONE

Anonymous

How does MWC compare to Brickell City Center? As far as square footage and style. Meaning, this is outdoor right? vs BCC is indoor. Sorry for the stupid question, out of towner here;)

Anonymous

So I asked a simple genuine question and I got a thumb down and no replies? I don’t get it.

Anonymous

Because people are jealous of the fact that MWC will be way better than Brickell’s. As per your question, I am not sure about square footage but I think it’s comparable.

Anonymous

HA HA HA HA HA HA HA HA

Anonymous

Too early for comparisons. BBC has only been opened a year or so.. MWC isn’t even open yet.

Anonymous

BCC is going on their 3 year anniversary soon.

Anonymous

Although not open there could still be a comparison with what MWC is going to be, especially in size. I was also trying to understand if this will be street stores or a closed space like BCC.

Anonymous

The original plan was closed space with mall. Bloomingdale’s and Macy’s were going to be the anchors. They decided to go with street stores instead.

Anonymous

i alwasy thought BBC stood for Big Black C—

Anonymous

It does that’s why I’m still rolling on the floor with that comment obviously it was typed in error but I’m glad I’m not the only one who noticed that

Anonymous

Lmao at BBC I think your talking about something else there my friend but we all knew what you meant I’m just pulling your strings

Anonymous

I don’t mean to sound rude but everyone in here seems to know everything even better than the experts, yet no one can answer my simple question? I am confused…

Anonymous

The simple answer is that MWC will be way superior to BCC. Many can’t see it yet but the MWC area will soon be the place to be!

zachJ305

Apparently no one can read to understand the question…this is very different than Brickell City Centre which is an enclosed “mall-style” shopping center where Miami World Center is “high-street retail” think Lincoln Road instead of Aventura Mall. Both are nice for different reasons but very different products. Comparing size, Brickell City Center has roughly 500,000 square feet of retail space and Miami World Center is supposed to have around 300,000

Anonymous

Thank you so much for answering my question??????

Frank

Everyone in here is a first class tool…They just like to complain for complaining sake…. This is a huge project…give it the time it needs to develop…I live across the street, cant wait for it to be done…

Anonymous

Stupid question

Anonymous

There are no stupid questions, just stupid answers.

Anonymous

So those angled areas at the base were just to hide parking….I thought they were condo units…ok.

Anonymous

It makes the garage look uglier, too.

Anonymous

Nice catch. Pathetic.

Anonymous

Anxiously waiting for the retail info! It’s ridiculous, I agree, that it’s taken for ever! Downtown is such a slow process…..

Anonymous

Just what Miami needs, MORE retail space.

Anonymous

build it and they will come – TNM commenters

Anonymous

Truth

Anonymous

Recruit jobs via major companies by building office buildings. Once the jobs are in place it will create traffic for restaurants, bars, museums real public art ( not murals ) etc. The area will be activated in short order. As usual everything here is done ass backwards.

Anonymous

it takes more than building office buildings, they need more incentives

Anonymous

Not a fan of the parking garage/amenity deck. A hotel tower with the amenities should have gone there…

Anonymous

let’s just hope the convention center picks up speed.

Anonymous

Midtown wasn’t built in a year or two, so why do people think World Center should be finished already.

Anonymous

because people are comparing MWC to Hudson Yards in NYC.

Anonymous

Hudson Yards isn’t completed either

Anonymous

Hudson Yards was built so quickly for it could have that tax incentive which was ending.

Anonymous

Lol. Miami is Miami. Period. No comparison to any world class city. Paaaalease.

Eman

Exactly

Anonymous

Pipe down