Miami Voters Approve Land Lease Extension For Riverside Wharf In The Miami River District

Last week, Miami voters overwhelmingly approved an amendment to extend the lease of city land for use in the future development of Riverside Wharf, a $185 million hospitality-driven entertainment complex planned for 114 Southwest North River Drive that promises to usher in a new era for the Miami River District. With approximately 60% of the vote in favor of the amendment, the victory marks another step forward in developing the project. Developed by MV Real Estate Holdings in conjunction with Driftwood Capital and Merrimac Ventures, the the 10-story, 200,000-square-foot project will be the defining development for Miami’s Downtown core as a city-within-a-city all-encompassing destination for unparalleled entertainment, exceptional dining and world renowned hotel accommodations. It will encompass a world-class 30,000-square-foot nightclub and rooftop dayclub, a high-energy 12,000-square-foot event hall and mezzanine, as well as the rebirth and expansion of The Wharf Miami, with 16,000 square feet of signature restaurants and a private marina capable of accommodating megayachts. Planning to break ground in the second quarter of 2023, it will also feature a 165-key Dream Miami luxury hotel. 

Riverside Wharf. Designed by Cube3 Architects.

“We want to give a heartfelt thank you to everyone in Miami. We are deeply grateful for everyone’s tremendous support and couldn’t be more excited to transform the Miami River District into the world-class entertainment destination it always had the potential to be,” said Alex Mantecon, co-developer of Riverside Wharf and co-founder of Breakwater Hospitality Group. “Riverside Wharf is designed to be the anchor in entertainment and hospitality for the Miami River District and Downtown Miami. It is carefully curated by deep-rooted Miami locals that have a passion for entertainment and service in order to achieve an iconic building with world class venues that will ultimately redefine the standards for nightlife, entertainment, restaurants and hospitality.”

Riverside Wharf. Designed by Cube3 Architects.

With the voters’ green light, the developers’ lease will be extended for 50 additional years, paving the way for Riverside Wharf to become a longstanding part of the Miami River community. The vote also will allow Riverside Wharf and its development partners the ability to provide the community with more jobs, commit more money to the City of Miami, improve the riverwalk and public areas near the property as well as improve the conditions of the surrounding seawall. 

Riverside Wharf. Designed by Cube3 Architects.

Riverside Wharf aims to merge the storied riverfront location with state-of-the-art amenities and modern design. The interaction between these elements will make the two-tower development a truly distinctive and transformative nightlife destination, offering visitors access into the extraordinary, the unique, and the unparalleled. Designed by Jon Cardello of Cube3 architects with interiors by iCrave, and landscape design by Savino-Miller Design Studio, the fully immersive Miami experience Riverside Wharf will provide will set the stage for patrons to discover the unexpected.

Riverside Wharf. Designed by Cube3 Architects.

Dedicated to improving the neighborhood and giving back to the community, the developers of Riverside Wharf will construct a new public riverwalk along the development site as well as a state-of-the-art sea level rise initiative that will include building a new seawall. The project also will pay homage to the neighborhood’s historic fishing culture by providing a pop-up Garcia’s Fish Market on the grounds, where locals can get the freshest catch daily.

Miami River District is poised for a renaissance with Riverside Wharf and other mixed-use and residential developments on the horizon which will catalyze economic growth in the neighborhood.

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