The first retail space at Miami Worldcenter is set to be delivered in a year from now, and the developers have hired a local broker to help lease it.
Miami’s The Comras Company will join The Forbes Company and Taubman Centers, Inc. in the leasing effort, Worldcenter’s developer said today in a press release. Forbes and Taubman are said to have a global retail focus, while Comras has local expertise.
“The biggest brands from across the U.S. and around the world are coming to the same conclusion: Miami Worldcenter’s location, access, transit connectivity, and diverse set of uses are unmatched in the South Florida market,” said Nathan Forbes, managing partner, The Forbes Company.
In total, 300,000 square feet of retail, restaurant and entertainment space is being offered.
“In the coming year, a series of milestones will unfold, including the delivery of a substantial amount of retail space,” said Miami Worldcenter Managing Principal Nitin Motwani. “Our retail program will cater to tourists, residents within driving distance, as well as Downtown’s growing residential population that is reachable by foot, rail, trolley or bike.”
Upcoming milestones for Worldcenter include:
- Paramount Miami – now 85 percent sold, the 500-unit condo building on track for completion May 2019
- Caoba – leasing is underway for a 444-unit apartment tower after it opened earlier this year. A second tower has now essentially completed permitting and is shovel ready
- CitizenM hotel – 348-room hotel breaking ground soon
- Luma – a 434-unit apartment tower breaking ground soon
- Hines – “is preparing to build a new tower that will comprise up to 500,000 square feet of Class A office space”
- Marriott Marquis – MDM group is “planning” a 1,700-room hotel and adjacent expo center