Miami-based Developer MV Real Estate Holdings (MVREH) and Coral Gables-based hospitality investment firm Driftwood Capital are pleased to announce Riverside Wharf, a $185 million – 200,000-square-foot hospitality-driven entertainment complex situated along the edges of the historic Miami River in Downtown Miami. Located at 114 Southwest North River Drive beside the I-95, the development is comprised of two 10-story towers that will offer a fully immersive Miami experience anchored by the highly amenitized 165-key Dream Miami luxury hotel by the internationally renowned Dream Hotel Group. The complex will represent the rebirth and expansion of existing The Wharf Miami, adding in 16,000 square feet of signature restaurants, a 12,000-square-foot event hall, a world-class 30,000-square-foot nightclub and rooftop day club, and a private marina capable of accommodating mega yachts.
The project is designed by Jon Cardello of Miami-based Cube3 Architects with landscaping by Savino-Miller Design Studio, and will feature 600 linear feet of water frontage on a 1.5-acre assemblage, extending the continuity of the riverwalk northwards. The project will usher in a new era for the storied Miami River neighborhood while celebrating and paying homage to its historic fishing culture through a pop-up of the area’s beloved Garcia’s Fish Market on the grounds, where locals can get the freshest catches daily.
“Riverside Wharf will be a destination for entertainment unlike any Miami has seen, bringing together world-class entertainment and hospitality offerings to a unique waterfront destination with direct Intracoastal access to the ocean,” said Mantecon. “We are excited to finally bring to fruition the dream and vision Miami has had for its riverfront entertainment district which until now has historically sat vacant and underutilized.”
“Miami is a top international destination for world-class hospitality and entertainment, and continues to set the bar with exciting new experiences for travelers unlike anything else in the world,” said Mayor of Miami Francis Suarez. “Dream Miami at Riverside Wharf will be an unparalleled development in the heart of Miami for visitors and locals alike, and I couldn’t be more excited to see it launch.”
“There is a natural synergy between Dream Hotel Group and the city of Miami,” said Dream Hotel Group CEO Jay Stein. “Our leading lifestyle brand Dream Hotels continues to expand quickly, just like Miami, offering international hospitality, vibrant entertainment and one-of-a-kind experiences sought by local residents, as well as business travelers and pleasure seekers from across the globe. We are thrilled to take part in this extraordinary project and can’t wait to open our doors in 2025.”
Added Carlos Rodriguez Jr., COO of Driftwood Capital, “As Miami continues to attract new capital, new world-class tech and financial firms, and new talent from other parts of the country, the demand for one-of-a-kind destinations combining elements of luxury, nature, outdoor adventure and unique dining experiences is poised to escalate rapidly. We’re pleased to be able to contribute several decades of hospitality development and operational expertise to this truly unique development which will enhance Miami’s skyline and elevate the entire Miami River District.”
The development is projected to break ground in 2022 and be completed by 2025.