MIAMI | World Center | 10+ Towers

[chris08876]

429-Unit Rental Apartment Project Planned At Miami Worldcenter

While sales are already underway for a condo tower at Miami Worldcenter, a second residential tower is being planned as a rental tower.

Plans for the 47-story ‘Tower 1′ at Miami Worldcenter show that the high-rise would include 429 apartments. Units would be relatively small, ranging in size from a 743-square-foot studio to a 1,188-square foot 2-bedroom apartment.

Tower 1 will be built across from the 600 Biscayne parcel, which includes the Freedom Tower. FEC’s rail spur to the port runs behind the property.

Parking would be provided on the lower levels, but the small footprint of the tower means that just 130 parking spaces will be built within the structure (thousands of spaces are being built for the Mall at Miami Worldcenter, which will be connected.) Residents will likely make heavy use of the nearby metromover station, which will have it’s canopy modified by Worldcenter (subject to Dade Transit approval.)

A leasing office, bar, lounge and fitness center are planned on the fifth level. An outdoor pool and other amenities are planned on the same level, atop a parking podium.

ADD Inc. is the architect of the rental tower, while Elkus Manfedi is designing the rest of Worldcenter’s first phase.

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http://www.scribd.com/doc/261043562/mwc1
http://www.thenextmiami.com/index.ph...i-worldcenter/

[chris08876]

Paramount:




Credit: https://www.facebook.com/paramountmw...type=1&theater

[bobdreamz]

^ Love the model for that tower!

[dave8721]

Hope they were just advertising the tower and just left the mall part blank because the mall portion looks pretty blah in those models.

[chris08876]

Sales are going pretty well for the complex. This is also true for many other towers. Often either sold out or reserved to the 40-50% mark. Sunny Isles is one place where units go quickly.

[chris08876]

City Within A City: Miami Worldcenter To Eventually Have Almost 8,000 Residential Units, Documents Say

Miami Worldcenter finalized an agreement last week with Dade’s Water and Sewer Department that will bring enough utility capacity to the site for 7,780 residential units.

To date, there are only two residential towers going through the city approval process. The Paramount condo tower will have 513 units, while a rental tower is proposed with 429 apartments.

The paperwork was signed by Nitin Motwani, a vice president of the development company building Worldcenter (Motwani also has a promoted interest in the project.)

In addition to the residential units, the developers secured water and sewer capacity for 1,055,000-square-feet of retail space, along with 295,000 square feet of restaurant space.

The developers have agreed to pay a utility connection charge that is projected to be about $10.3 million. They will also be required to connect the project to water and sewer lines at several points, with construction to start within 365 days.

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http://www.thenextmiami.com/index.ph...dential-units/

[chris08876]

This is good news I believe. CHina City Construction is well known, and they do not f around. Usually giving us good developments, tall, and on schedule.
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China City Construction In Talks To Buy Worldcenter Development Site

China City Construction Holding Group Company is looking to add a second development site in downtown Miami.

They could be buying a piece of the Miami Worldcenter project. China City has held talks with the owners of Worldcenter, and negotiations are said to be ongoing.

Worldcenter’s Nitin Motwani recently met with Haibo Pan, the General Manager of China City’s Development arm. At the meeting, Motwani introduced the project planning details, and discussed how they would collaborate.

Motwani has promised to provide China City with a price for the land soon.

China City could become one of many developers to build at Worldcenter. The list includes national mall developers The Forbes Company and Taubman (The Mall at Miami Worldcenter,) Daniel Kodsi (Paramount Condos,) and MDM Development (Marriott Expo Center.) In addition, Harvey Hernandez of Newgard Development Group has said that he intends to develop a project there.

While in Miami, China City representatives also signed a deal with law firm Greenberg Traurig. Under the agreement, the firm will handle all legal matters pertaining China City’s projects in Miami.

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http://www.thenextmiami.com/index.ph...elopment-site/

[chris08876]

ZOM To Build 429-Unit Apartment Tower At Worldcenter

Miami Worldcenter Associates announced yesterday that apartment developer ZOM has a deal to build a 429-unit apartment tower at the project.

Other developers that have already been announced for the project include MDM Group (Marriott Marquis hotel), The Forbes Company and Taubman (Mall at Miami Worldcenter), and Daniel Kodsi, Art Falcone and Nitin Motwani (Paramount condos.)

With the latest addition, ZOM has almost 2,000 units planned or under construction in downtown Miami. Those projects include:

Monarc at Met 3 (462 units)
Solitair Brickell (438 units)
Met Square (391 units)
Worldcenter rental (429 units)

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http://www.thenextmiami.com/index.ph...t-worldcenter/

[chris08876]

Also to add, q3 will see construction on the complex.

[chris08876]

First look: Marriott Marquis Miami Worldcenter Hotel to open fall 2018 — Pictures

MDM Group revealed the opening time-frame and a first look at Marriott Marquis Miami Worldcenter Hotel & Expo Center at a media event Tuesday.
The developer says the 1,800-room hotel will be delivered fall 2018 and generate more than $1 billion in local tax revenue over the next 30 years.

Additionally, the project is slated to create 1,300 permanent direct jobs and an average of 850 temporary construction jobs every year for the next three years.

The 2.3 million-square-foot hotel will feature two ballrooms that total 110,000 square feet of space, 100,000 feet of exhibition space, 390,000 square feet of meeting space and event space, and a 1,500-seat theater. Only valet parking will be available for the hotel's 1,094 parking spaces.
Annual revenues for the hotel are estimated at $174 million.

Miami-based Nichols Brosch Wurst Wolfe & Associates are the architects behind the hotel project and RTKL is the heading up the development's interior design. The general contractor is Coastal Construction.

Miami Worldcenter Hotel & Expo Center is part of Miami's massive Worldcenter development, which includes a mall and several residential towers on 27 acres of the Overtown neighborhood, on the north side of the central business district. Most of the project will break ground in the third quarter this year, but the hotel does not yet have an exact ground breaking date because it has a separate site approval plan process. Construction is expected to begin in the coming months.

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http://www.bizjournals.com/southflor...n-fall-18.html

[chris08876]

Miami Worldcenter district gets preliminary nod from county

The developers of the $1.7 billion Miami Worldcenter complex are one step closer to creating a special district that will help finance the construction of the massive project.

Miami-Dade commissioners gave preliminary approval Tuesday to the Miami Worldcenter Community Development District. If given final approval next month, the developers behind the retail, condo, apartment and hotel project will be able to establish the 24-acre district — called a CDD — and appoint a board of executives from their own businesses.

Once established, the board will issue special assessments to property owners within the district, located between Northeast Second Avenue and North Miami Avenue, and 11th and 6th streets. They will be able to issue tax-free municipal bonds to help pay for infrastructure upgrades, and manage contracts for services like parking valets and security. The developers estimate the district will help fund some $72 million in needed infrastructure upgrades, and plan to break ground on the project within weeks.

“We’re eager to move forward in transforming our neighborhood, creating thousands of new jobs and attracting additional private investment to downtown Miami,” Miami Worldcenter Associates principal Nitin Motwani said in a statement.

But while Motwani touts new jobs, the Worldcenter’s plan to create a CDD has drawn significant opposition from labor groups and clergy, who argue that the developers ought to make stronger commitments to wages and local hiring. They say a deal negotiated with City of Miami commissioners to return as much as $108 million in property taxes to the developer only strengthen that argument, and criticize community benefits included in that package.

Dozens traveled to County Hall Tuesday to urge the commission to force developers to make greater concessions, many wearing shirts that, in remembrance of civil unrest in areas like Ferguson and Baltimore, read “Black Work Matters.” Some argued that the county should only approve the CDD through an agreement that would guarantee better wages.

“We should not operate under the illusion that the builders of the Miami Worldcenter are doing us any favors,” said Phillip Agnew, an organizer with the social activist group Dream Defenders. “They are doing us no favors by offering us jobs at substandard wages.”

Miami Commissioner and Community Redevelopment Agency Chairman Keon Hardemon attended the hearing as well to defend the agreement he negotiated last year. He and CRA Executive Director Clarence Woods III said they secured worthy wages and jobs for poor Miami communities, and touted the need for a project they believe will be a catalyst for jobs, housing and efforts to reinvigorate Overtown.

“This agreement has taken monumental steps forward and we can’t take steps back,” Hardemon said.

Motwani told commissioners he has agreed to sit down with unions ahead of a second vote next month, tentatively scheduled for July 14.

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http://www.miamiherald.com/news/loca...#storylink=cpy

[chris08876]

Interview with developer.

• Video Link

[chris08876]

ZOM Plans Early 2016 Groundbreaking For 429 Unit Luma At Miami Worldcenter

Apartment developer ZOM has revealed the names of two additional rental towers in the works for downtown Miami. They are:

Luma at Miami Worldcenter, a 44-story, 429-unit high-rise
Avant at Met Square, a 42-story, 391-unit high-rise

Groundbreaking for Luma is scheduled for early 2016. That is around the same time that ZOM’s 462-unit Monarc at Met 3 will be opening (leasing for for Monarc will begin towards the end of this year.)

ZOM representatives say that they don’t have a construction schedule for Avant at Met Square yet.

The developer began construction this week on the 438-unit Solitair Brickell, after obtaining construction financing from JP Morgan Chase and HSBC. The project will benefit from being directly across the street from an entranceway to Brickell City Centre, allowing for an ‘extraordinary’ covered walkway to the Metromover.

Architect ADD Inc says that the exterior of Solitair was inspired by the Majule palm tree.

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http://www.thenextmiami.com/index.ph...i-worldcenter/

[chris08876]

• Video Link

[chris08876]

Art Falcone settles Worldcenter lawsuit with Edie Laquer

Miami Worldcenter Associates has entered into a settlement agreement over a lawsuit initially filed by real estate investor and former commercial broker Edie Laquer, according to a statement released on Monday. Terms of the agreement were not disclosed. “On behalf of our development team, I’d like to thank Edie for sharing her vision for the redevelopment of Park West and for the role she has played in the planning of Miami Worldcenter. I am pleased that we have resolved the business matters between us and delighted that Miami Worldcenter is moving forward,” Miami Worldcenter principal Art Falcone said in the statement.

Laquer was suing Worldcenter partners since 2008 over a stake in the massive 27-acre mixed-use development that she claimed was promised to her. “With groundbreaking imminent, I look forward to Miami Worldcenter evolving into an extraordinary mall, expo center and important public space. This development will transform Miami’s urban core and bring long-awaited economic impact to the area,” Laquer said.

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http://therealdeal.com/miami/blog/20....aYbulL69.dpuf

[jlsix6]

Worldcenter district vote draws outrage
Seem the fight never ends, I wonder if this project will ever get off the ground:http://miamitimesonline.com/news/201...utrage/?page=1

[bobdreamz]

Originally Posted by jlsix6

Worldcenter district vote draws outrage
Seem the fight never ends, I wonder if this project will ever get off the ground:http://miamitimesonline.com/news/201...utrage/?page=1

Seems like a over hyped headline. The developers made these promises and they are set to meet with the coalition mentioned in the article so where is the outrage?

[jlsix6]

Well this is some long awaited positive news in the right direction: http://therealdeal.com/miami/blog/20...enter-project/

[chris08876]

Originally Posted by jlsix6

Well this is some long awaited positive news in the right direction: http://therealdeal.com/miami/blog/20...enter-project/

Starting up in Q3. A good summer indeed.

[jlsix6]

Originally Posted by bobdreamz

Seems like a over hyped headline. The developers made these promises and they are set to meet with the coalition mentioned in the article so where is the outrage?

They have been over hyping this issue from the start. Here is an excerpt from the Miami Herald from June 2nd when MWC was granted preliminary approval :
("Dozens traveled to County Hall Tuesday to urge the commission to force developers to make greater concessions, many wearing shirts that, in remembrance of civil unrest in areas like Ferguson and Baltimore, read “Black Work Matters.” Some argued that the county should only approve the CDD through an agreement that would guarantee better wages.

“We should not operate under the illusion that the builders of the Miami Worldcenter are doing us any favors,” said Phillip Agnew, an organizer with the social activist group Dream Defenders. “They are doing us no favors by offering us jobs at substandard wages.”)

Here is the whole article if interested:http://www.miamiherald.com/news/loca...e22939785.html