Miami Worldcenter Associates has announced the sale of the 27-acre retail and entertainment district at Miami Worldcenter to a venture comprising affiliates of Falcone Group, ROK Acquisitions, Andrew Mirmelli, The Davis Companies, and Jamestown. The transaction transfers seven parcels totaling approximately 300,000 square feet of retail and dining space, roughly 2,000 parking spaces across two garages, and 100,000 square feet of parks and plazas within the $6 billion mixed-use development in Downtown Miami’s Park West neighborhood. No acquisition price was disclosed.
Credit: Blue Water Drones.
Under the new ownership structure, Falcone Group will serve as General Partner with day-to-day operational responsibility. ROK Acquisitions and Andrew Mirmelli join as equity partners, while Davis and Jamestown participate as Limited Partners. The partnership’s stated near-term priorities include leasing, activation programming, and customer experience initiatives across the retail district.
Credit: Miami Worldcenter.
The seven properties included in the sale are the Block H Garage at 644 NE 2nd Avenue, containing 922 parking spaces; Block H Retail at 652 NE 2nd Avenue; Block F West at 725 NE 1st Avenue, which includes the flagship Apple store at 100 NE 8th Street; Block F East at 150 NE 8th Street; Block D East Retail at 850 NE 2nd Avenue; Block D East Garage at 888 NE 2nd Avenue, containing 1,100 parking spaces; and Block CD West at 851 NE 1st Avenue.
Credit: Blue Water Drones.
Miami Worldcenter’s retail phase opened in early 2025 and currently counts Sephora, Lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, Posman Books, and Openbank by Santander among its tenants. Food and beverage operators include Maple & Ash, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Creperie, Serafina, and Starbucks. Entertainment tenants include Lucky Strike Bowling and the Museum of Ice Cream. The citizenM Miami Worldcenter hotel is now open, with additional hospitality concepts planned for future phases.
Credit: Miami Worldcenter.
The broader Miami Worldcenter development comprises more than 16 residential and hospitality towers, $100 million in privately built infrastructure, and a $5 million public art collection. Residential components have been developed in partnership with Related Group, Naftali Group, Witkoff, Merrimac Ventures, Aria Development Group, Lalezarian Properties, Abbhi Capital, and Lynd Group, among others. Adam Neumann’s Flow is also among the residential partners on site.
Credit: Blue Water Drones.
The development sits adjacent to Brightline’s MiamiCentral Station and provides connections to Tri-Rail, Metrorail, Metromover, and the Brickell/Biscayne trolley network. The original Miami Worldcenter Associates partnership, formed in 2011, included Falcone Group, Nitin Motwani, and CIM Group, which is exiting its position through the transaction. The assemblage of the more than 30 parcels comprising the site began approximately two decades ago.
Davis, a Boston-based investment, development, and real estate fund management firm marking its 50th anniversary in 2026, described the investment as consistent with a strategy of converting underutilized urban space into mixed-use destinations.
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