Miami Worldcenter’s Block B has been sold, and it could see a mixed-use project developed.
No plans have been filed for the property yet, but a 2017 presentation by Worldcenter says that a project worth $231 million is anticipated for the site.
The buyer is IRR Parkwest Investments, LLC, controlled by Ira Saferstein a co-owner and managing member of Titan Capital ID, LLC and Marc Roberts, a co-owner of the E11even nightclub.
Only one parcel remains available for sale at Worldcenter, Block A.
A number projects will soon break ground or are under construction at Miami Worldcenter.
The 50-story Legacy Hotel & Residences is expected to break ground later this year with a dramatic Singapore-style pool that hangs off the edge of the rooftop.
Hines is said to be preparing to break ground on a tower with up to 600,000 square feet of office space, according to a press release issued by Worldcenter yesterday.
MDM Group is also planning the 1,700-room Marriott Marquis Miami Worldcenter Hotel & Expo Center with 500,000 square feet of convention space, the release stated.
Construction is now underway at ZOM and The Moinian Group’s Luma, a 434-unit rental tower slated to open in 2021, and at Miami Worldcenter’s 351-room citizenM Hotel.
Also now in planning is the first of three Miami World Towers at Block E by Lalezrian Properties. The tower will rise 52 stories.
The new projects will join multiple that have already been completed.
Approximately 150,000 square feet of retail has now been completed at Worldcenter for tenant build-outs, with retailers expected to take occupancy in 2021.
The 60-story Paramount Miami Worldcenter condo tower and the 43-story Caoba apartment tower were completed last year.
