New York Developer Buys Miami World Towers Site, Up To 2,500 Units Can Be Built

Miami World Towers LLC has purchased a key portion of the Miami Worldcenter site.

Lalezarian Properties of New York controls the LLC. The company develops office and residential towers in New York, according to New York Yimby.

The sale includes Block E, totaling 2.17 acres.  The sale price was $43 million, and closed earlier this month.

Also included in the sale was density rights for up to 2,500 residential units, the SFBJ reported.

A time limited restriction on some office and hotel development was recorded.

Lalezarian also recently purchased the Downtown Miami Fedex property next to the I-95 ramps, where up to 80 stories can be built.

 

 

A 2015 plan to develop the property created by Arquitectonica:

 

 

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Anonymous

Beautiful.. nice to see more developers involved, and will likely bring project closer to completion date.

marc

Nice, this project will complete the other side of the 7th street promenade.

Anonymous

Why is Paramount so short in these renderings though??? lol

Anonymous

LOL. In the very last rendering/photo, Paramount looks like it’s 300-400 feet.

Anonymous

What ever happened to the renderings of the NAP being covered in LED billboards, always doubted it because it will cover the vents for those servers.

Reality

The LEDs will happen. The NAP is looking into more climate ribbon to cool the servers instead.

Anonymous

I will hold my breath until I see the new design, but for now, all I can say is: original Architectonica design was hideous

Anonymous

Whew!.. so far, it appears the area dodged a bullet.

Anonymous

Not yet. So far, everything is either apartments or condos. This can be had in Brickell. Nothing so far in MWC is unique or iconic. More of the same bland flat roofed cereal boxes.

Anonymous

Call it what you want but before those “apartments and condos” this area was nothing but a vacant wasteland of empty weed strewn and trash filled lots. Thank God we slowly but surely don’t have to keep looking at that embarrassment anymore.

Anonymous

lets hope for a better, different design, I DO NOT LIKE ARQUITECTONICA as it is, but if this monstruosity gets built I will leave miami!!!

Anonymous

It probably would’ve look like the renderings if Miami World Center had not sold the site.

Anonymous

Nitin Motwani, managing principal of Miami Worldcenter, said the recently sold property will be mixed-use and integrated into the overall development.

“With the development of Miami Worldcenter’s first phase moving forward on schedule and various elements of our $4 billion master plan now delivering to market, we are seeing heightened interest among investors and developers who are tapping into the area’s new amenities, privately-funded infrastructure upgrades, and the surge of commercial and residential activity that Miami Worldcenter is bringing to the community,” Motwani said

Anonymous

Really? Such low expectations!

Anonymous

Go ahead.. show em what you talkin bout!

Anonymous

Great, now scrap that garbage design and do something commensurate to what the Marriott previously was proposed like.

Anonymous

Another giant parking podium. MWC is a failed project from an urban prospective.

Anonymous

not the developers’ fault that the city won’t expand rail… leading them with no option to build a massive parking podium.

Anonymous

There is a ton of rail already there. Just look at how MWC treated the Metromover stop. It was totally ignored, instead of being made a cohesive part of the project.

Anonymous

What about when residents work outside the downtown area????

Anonymous

You’re right. They will probably work in Doral or Miramar, unfortunately, where it’s happening.

Anonymous

Don’t want parking garages. Run for office and fight for a reliable mass transportation system in Miami.

Anonymous

“Another giant parking podium. MWC is a failed project from an urban prospective.”

Let’s see.. This spot you’re complaining about where the parking podium sits went from desolate and empty to a future vibrant place where people are going to gather and eat, shop, and socialize but in your opinion it’s already a “failed project from an urban prospective?”

Tell me something.. is complaining just something you do because you really don’t know anything about anything?