Permits Issued For Another 40-Story Tower At Miami Worldcenter In Park West, Downtown Miami

Construction permits have been issued for 697 North Miami Avenue, a 40-story mixed-use building planned to rise behind the 43-story Caoba tower at the 27-acre Miami Worldcenter development in Park West, Downtown Miami. Designed by Cohen Freedman Encinosa & Associates and developed by the CIM Group, the structure would rise 413-feet as part of the second phase of Block G. Plans for the second tower include 473,330 square feet of new construction with up to 411 residential units and 4,103 square feet of retail space. There would be no need for additional parking as the building will share the garage already attached to Caoba. Kaufman Lynn Construction, Inc. is listed as the general contractor.

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MV Real Estate Holdings And Driftwood Capital Announce Joint Venture On $185M Riverside Wharf Development In Downtown Miami

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.

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