Here’s a status update on several projects at Miami Worldcenter that we haven’t heard about for some time.
One Worldcenter (Hines) – Formerly known as 110 10th, this project will include 600,000 square feet of space, led by office.
Developer Hines announced this project four years ago in May 2017, and it was considered a potential candidate for Amazon’s HQ2.
Hines has not yet closed on the purchase of the property from Miami Worldcenter, and they also haven’t submitted plans to UDRB or Planning Department review.
Miami Worldcenter’s master developer said yesterday through a spokesperson that Hines is expected to close on the property in 2021.
Kenect Miami Worldcenter – Akara Partners is planning two towers at 1016 NE 2nd Ave, with a 39-story, 410-foot tower tower and a 79- story 810-foot tower.
The first tower was approved by the UDRB and received final Planning Department approval in October 2019.
Akara closed on the purchase of the property in July 2020 for $18.85 million. No construction permit appears to have been applied for yet, however.
According to a representative of Miami Worldcenter, the building will be a residential tower that is “hospitality-oriented,” with 450 living units, 10,000 square feet of retail, and 20,000 square feet of coworking space.
Abbhi Capital (formerly Fifield) – Coral Gables-based Abbhi Capital paid $24 million for a 1.1 acre site at at 1016 NE 2nd Ave in August 2020.
The property is on the same block as the Kenect project.
The company has not said what they plan, and Miami Worldcenter’s master developer also has no information.
Previously, Chicago developer Fifield submitted plans to the UDRB for a 47-story 499-foot tower with 533 residential units on the property.
The former Fifield plans:
Marriott Marquis Miami Worldcenter Hotel & Expo Center – This project is expected to begin construction in 2021, Worldcenter’s master developer said yesterday.
The latest plans include 1,700 hotel rooms and 600,000 square feet of meeting, exhibition and event space, Worldcenter said. MDM also says it will include a 1,500 seat theater.
In early 2020, the developer said they were in the process of finalizing financing for the project and that they had hoped to break ground last year. However, there are no records of any loans being issued to the developer in the past year.
There also doesn’t appear to be any construction permits for the property in process.
Design of the project was submitted to the city’s Planning Department in 2016. FAA approval was issued in 2015 and has likely expired.
MDM purchased the property for $42.5 million in 2017. It was once home to the Miami Arena.
