Soil testing appears to be underway at the Abbhi Capital site at Miami Worldcenter, according to a photo by Ryan RC Rea.
A rendering showing a development on the property has also appeared on the Abbhi website.
According to the Abbhi website, the project is now in the pre-development and entitlements phase.
Abbhi has spent a total of $44 million on 2.2 acres at Miami Worldcenter, with the rights to build up to 2 million square feet. Two adjacent sites were purchased by Abbhi in 2020 and 2021.
Next door, the property that formerly housed the Paramount Miami Worldcenter sales center was purchased by New York developer Naftali Group, with plans for supertall towers on that site.
(photo: Ryan RC Rea)
A rendering showing a potential project on the Abbhi website: