Miami Worldcenter Set To Complete Over 200K Square Feet Of Retail By Year End

A large shopping and dining area will come online within months at Miami Worldcenter.

By the end of this year, over 200,000 square feet of retail will be delivered, managing director Nitin Motwani said in an interview with Miami Today.

Another 100,000 square feet will be delivered next year, bringing the total to 300,000 square feet, Motwani said.

Tenants have not yet been announced.

By comparison, Brickell City Centre has around 497,000 square feet of leasable retail space, which is around 90% occupied.

Completion of Paramount Miami Worldcenter is also imminent. The 60-story tower includes over 500 units and is 85 percent sold.

 

Shops and restaurant space will line the ground level at Paramount:

(photo: paramount mwc)

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Anonymous

Please bring a Target, Trader Joe’s & Chipotle then I would never need to leave this area.

Anonymous

Bring a chipotle to south beach too!

Anonymous

agreed. taco rico is pretty good thou

Anonymous

diarreah

Anonymous

South Beach will have 2 of those 3.

Anonymous

Target? Ewwww

Anonymous

true! The SB Trader Joe’s has taken years to build out tho.

Anonymous

almost done – within the next couple months

Anonymous

would love a Cheesecake Factory too!!

Anonymous

Downtown needs a waffle house

Anonymous

agreed.

Anonymous

Wow a you two travel large. Watch out Hialeah…..

Anonymous

Not enough patrons.
Only area growing is Doral
Yuck

Anonymous

House of Blues.

peej

the Brooklyn Bowl was set to open nearby within Brightline’s MiamiCentral station, but might’ve fallen though cause there hasn’t been chatter for quite awhile. It’s a great concept–Live Music, Bowling, Fried Chicken.

Would much prefer that to Live Nation’s House of Blues, but would welcome any live music venue in the area since we lost Grand Central…

Anonymous

how could you stay in this area all the time? nuts.. so gross

Anonymous

Unlike you, everybody can’t afford to live in a mansion surrounded by guards on five acres of it’s own land.

Anonymous

Target would be great in the former Burdines/Macy’s, Woolwoorth/Foot Looker, and Kress/Flagler Station block. Look at the Sullivan Center in Chicago as adaptive reuse of former big city department stores. Of course, this is assuming Mana doesn’t buy it up and leave it to rot covered in broken windows and graffiti.

Anonymous

This area is just getting started.. another 10-15 more building are in the planning stages.. and not even counting the future Innovation District areas or growth in Overtown + A&E, Omni.

Anonymous

You will be in your 50’s or 60’s then, and will no longer care.

Anonymous

If you ever were to get that old, you’d be amazed at how young that really is.

Anonymous

I’m 56 and I will suggest you not to leave your boyfriend unattended when I’m Around.

Anonymous

The bridge will transform the area. It will be stunning.
The museums, Arscht Center, Skyrise, MWC, Brightline and Freedom Tower. Watch out Brickell, you could slip just like the Grove…

Anonymous

The area under the bridge will be the biggest and most beautiful homeless encampment ever.

Anonymous

I doubt it’ll be an encampment, because I bet they’ll put a fence around it to keep the homeless out at night.

Anonymous

Brickell City is not fully occupied because they will only take certain tenants and are being picky as to what concepts they will let in. If they had made it more an every day retail center it would be a lot more successful. This retail will be a challenging sale given that most of the residents are not there yet, but hopefully MWC is a little more creative in chasing tenants of all price points which will help them fill up space quickly.

Anonymous

Would it?
Compare the sales per square foot of Bal Harbour Shops to an “everyday retail center” whatever that is, a lifestyle center like Midtown?

If you count success by warm bodies walking around, or fillng up space quickly, then a Target, Wal-Mart, TJ Maxx will achieve that quickly. If you count success by sales per square ft, then Bal Harbour Shops and Brickell CitiCenter are tremendous successes.

I shop at BCC about 6 times a month if not more, and they are doing pretty good business without a doubt. Thankfully, they have two new restaurant options opening soon, including that Thai Barbeque Microbrewery. Has anyone heard any intel on that?

Anonymous

I’m there at least 3 times a week and there are still stores that I have not seen a single customer in, since they opened.

Anonymous

retail brick and mortar is dying. this is nuts.

Anonymous

Wrong. Go to Dadeland.

Anonymous

Either high-end or low-end, and/or specialty retail is doing fine. It’s mid-range like Macy’s, Sears, and J.C. Penney which are struggling outside their regional locations. Thanks Amazon/Whole Foods, H&M, and Target, for better or worse.

Anonymous

No it isn’t.
Bad retail brick and motor is dying. But that has always been the case.
See the list below, most of which died before Internet shopping took hold:
Radioshack
Walden Books
Levitt’s Furniture
Sav-a-Lot
Woolworth
Crazy Eddie
Circuit City
Rexall
Eckard
Merry Go Round
Chess King
Spencer’s Gifts
etc. etc. etc.

Anonymous

oh, man !!! Crazy Eddie is dead ??!!! :((((((((((((

Anonymous

No, he just went INSANE!!!

Anonymous

Plus service businesses (cinema, pharmacy, mail/office, restaurants, cafes etc) should thrive no matter what Amazon does.

Anonymous

Jeez, people are on here are talking as if this whole area of downtown is not going through a transformation. For an example, we see some people talking but forgetting about Melo’s planned twin tower apartment project. For another example, they just broke ground on the 400 Biscayne project.

Please people, stop talking like you’re some kind of expert on whatever subject and sit back and watch how things take place.

Anonymous

Get used to it.. Everybody is an expert here.

Anonymous

Been reading this site since it was “The New Miami.” There is no way you can get used to these “know it all simpletons” spewing their crap everyday.

Anonymous

Agree. I’ve tried to knock ’em but they keep multiplying like cucarachas.

Anonymous

LMAO. Including you.

Anonymous

People said the same thing about the Omni Shopping Mall with Penney’s and Jordan Marsh and look how successful that……….never mind.

Anonymous

That was called White Flight… and this the back-to-the city generation.

Anonymous

You mean gentrification…..

Anonymous

Gentrification is word that politicians (and the academics who need funding from politicians) and community organizers use to convince their “victim” constituents that development is bad, and renting is good.

Anyone smart enough to OWN REAL ESTATE in Little Haiti for a while is not complaining about “gentrification”. They have probably experienced a significant growth in their wealth that can be handed down to their next generation.

Anonymous

I talk at lot of shit about gentrification because three years ago I didn’t buy a house a block away from the Citadel in Little Haiti for $120000 because Little Haiti is “Ghetto”.

Anonymous

There was never white flight from Biscayne Blvd and 15th St. You must have confused The Omni with 163rd St Shopping Center.

Anonymous

Yeah?
What city?
Doral with no transportation, views of the Everglades and the Palmetto, horrible traffic and trucks everywhere has managed to take all 3 major cruise companies from downtown. Not that I think it makes sense but it’s what our gas guzzling America wants, suburban sprawled living, gated communities with no sidewalk and 90 lonely, long minute commutes

Anonymous

Detroit Tax

Anonymous

exactly – retail is dead. tons of places in midtown and wynwood closing – or closed and that area has traffic. who the f is going to go to the hood to shop. nuts.

Anonymous

Go to Dadeland. No such issues there. Always packed…and people spending lots of mula.

Anonymous

It is always easy to spot an informed real estate expert. They use “Tons” to measure vacancy.

Anonymous

Omni is dead.
Who goes there anymore????

Anonymous

What if you really are an expert with over 2 decades of development experience in downtown Miami?
Is it okay to talk?

Someone has to set the numbskulls straight.

Anonymous

Another Miami success story

Anonymous

i heard they are going to open a sedanos on the retail space. that’s great news i can’t wait to go there and eat croquetas

Anonymous

LMFAOOOO

Anonymous

A real foodie!!!!!

Anonymous

Piggly Wiggly for the Anglos

Anonymous

Why wait for Sedano for a greasy, overrated bread filled concoction?
They are sold virtually everywhere.

Anonymous

There is an over supply of properties all kind , that the prices they think they worth it is not real , the correction is for real in commercial and residential . Some new areas are getting filled because a shifting , not because an additional demand .

Anonymous

Who doesn’t want to shop in the sweltering heat in a narrow alleyway between massive parking garages? Sure it will be a hit.

Anonymous

So the shops of this place will be outside in an alleyway?

Anonymous

#odparchitects on the up and up

Anonymous

They’ve done a wonderful job with Paramount and Caoba but I don’t think they can support all that retail. That’s why they cancelled the Macy’s and the Bloomingdales. If Brickell City Centre is having issues keeping tenants I imagine it would be even worse here.

Anonymous

Recipe for disaster.
Where are the hotels?
Skyrise?
Office components?
Without these 3 it will not work

Anonymous

Oh damn, I don’t know why they didn’t listen to you….

Anonymous

Just build it and they will come, it can’t get worse than not getting built at all. This is a mega project that needs to get its roots in the ground first.

Polo

Nothing happens overnight. If Miami World Center evolves as planned, it will be a success in the long run.

Anonymous

How l o n g?

Anonymous

I live downtown and love Macy’s but I would never go to the one downtown… It was very poorly managed. Also, Marshall’s downtown is always packed!! The line is always 20+ deep when I go in I usually just walk out.

Anonymous

So, I guess you know Macy’s has been closed for almost a year.

Anonymous

If a Macy’s falls in downtown, and no one went to it anyway. Did it really fall?

Anonymous

go to Merrick park – remember that place? dead. no one there.

Anonymous

Not true. I go often. Just as busy as same stores at Design Center…and zero riff-raff walking around in wife beaters. If you think its empty…great. Leave it the way it is.

Anonymous

Only problem is how long can the stores withstand high overhead and few customers?

Anonymous

I kinda like a guy with wife beaters. Totally sexy

Anonymous

People here don’t want to accept reality. Neiman Marcus is always empty and the center lost Burberry and Kate Spade along with other high end retailers.

Anonymous

Perfect place for a blissful meditation session.
No one to disturb you.

Anonymous

Hold up.
First of all, who said that Brickell City Centre is having issues keeping tenants?? That isn’t what I have seen with my eyes.
Secondly, how do you know why Macy’s/Bloomingdale’s pulled out of the program?

Miami

Not an expert, but it always seems to me the way to spot success is to see / count people with shopping bags….. Bal Harbour people are LOADED in shopping bags….. Brickell City Centre seems filled with people eating or having coffee (few shopping back except for Apple). Check that out next time.

Anonymous

Don’t know why?
The coffee scene is horrible at BCC.

Anonymous

Thank you. Finally, someone with common sense.

Anonymous

You’re welcome.
I mean, if I can’t find good croissants or fresh bagels, a baguette with butter, decent pastries at BCC, then I’m going to speak my mind.

Anonymous

You are right…it is a good proxy. Brickell Citycenter does have a lot of lifestyle shoppers walking around, but there are good number of shopping bags too. in fact, I’m on my way there now to pick up some steaks at Casa Tua, and will probably get suckered in to buy something for the wife.

Anonymous

This project is going about too slow… and too underwhelming…

Anonymous

Underwhelming yes, slow-no!

Anonymous

All that space and look how narrow the open air promenade is.. Pretty pathetic if you ask me.

I’d love to hear an opposing view point.

Anonymous

Literally surrounded by parking garages. What a failure.

I guess all those parking loving people here will be in heaven.

Anonymous

Waaaaahhhhhh!!!!!…..

Anonymous

The tall/wide proportions of the space do at least provide shade that looks comfortable for walking on hot days. I guess it will all depend on the pedestrian experience with trees, storefronts, etc as people walk around down there. Photos from ground level may show a different picture, but I do agree the parking garages do appear quite massive.

Anonymous

This is just one angle look at different renderings and you will see a large open area in the middle of the development. This is the true essence of mixed use because like it or not cars arent going away overnight plus the shade offered in these passageways will be very welcoming.

Anonymous

Sidewalks are too narrow, giving the feeling of congestion. Also palm trees are not shade trees.

Anonymous

It must be really agonizing to go shopping with you.