Miami Worldcenter Associates, led by Nitin Motwani, Art Falcone and the CIM Group, has 280,000 square feet of retail and commercial spaces in the works at Miami Worldcenter (MWC), a 27-acre, $4 billion mixed-use mega project in Downtown Miami’s Park West neighborhood. The managing partners have planned to develop a plethora of venues and outlets throughout multiple buildings in the 10-block complex, including some buildings solely dedicated to that purpose, with several other mixed-use buildings housing variously sized spaces. The retail spaces at MWC will be a mix of food and beverage/fast casual, specialty and service establishments, and the developers are hoping to lease as locally as possible, as opposed to strictly onboarding large and recognized anchor tenants and national chains.
Texas-based Camden Property Trust is planning to redevelop a corner parcel of land adjacent to their Camden Pier District Apartments, previously known as AER Luxury Apartments, and expand the development with an 18-story residential tower at 201 4th Avenue South in the Waterfront Arts District in Downtown St. Petersburg. The developer recently purchased the 0.23-acre piece of property for $2.1 million, which is currently improved with a small medical office and a single family home. Both structures will be demolished to make way for the new tower which is planned to yield 95 additional apartments and rise approximately 200-feet.
After nearly 100 years in operation, Johnson & Wales is closing locations across the country, namely in Denver and Miami. The private university hopes to focus its attention on its central campus in Rhode Island. Yet, the now-defunct location in Miami may get a second life.
Miami real estate developer Mast Capital has submitted an application for design review approval of the new 8-story multi-family residential development proposed for 3900 Alton Road located in the Bayshore neighborhood of Miami Beach. Michael Larkin and a few other attorneys of Bercow Radell Fernandez Larkin & Tapanes represent M 4000 Alton Owner, LLC in the application. The 197,780-square-foot structure will yield 176 residential units, 6,060 square feet of amenities, and 254 covered parking spaces while rising approximately 85-feet. Bernardo Fort-Brescia, co-founder of renown architectural firm Arquitectonica, is leading the design for the project with Witkin Hults + Partners as the landscape architect.
Presently, The Bohemian, a $23 million mixed-use residential venture, is continuing construction. Construction began on the project in the second quarter of 2021, per the Construction Journal. Ideally, the venture will reach completion within the next few years.