700 North Miami Avenue Secures $302.6 Million Construction Loan, Set to Begin First Phase at Miami Worldcenter
Construction is set to begin on the first phase of 700 North Miami Avenue in Miami Worldcenter after developer Witkoff, in partnership with Monroe Capital, secured a $302.6 million construction loan for the project. Designed by Kobi Karp Architecture, the development is planned as a three-tower residential complex on one of the district’s final large-scale undeveloped parcels. The project first appeared before the City of Miami’s Urban Development Review Board in early 2023.
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