**Miami Worldcenter Officially Opens for Business**
The CIM Group has announced the official opening of Miami Worldcenter, a transformative 27-acre, 10-block, mixed-use development in the heart of Downtown Miami. Valued at $6 billion, this project is one of the largest private urban real estate developments in the United States.
Developed by Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group, the project features a dynamic mix of residential, retail, commercial, and hospitality spaces.
Strategically located west of Biscayne Boulevard and east of Interstate 95, Miami Worldcenter boasts:
– $100 million in completed, privately funded infrastructure
– 100,000 square feet of newly created public space
– 300,000 square feet of retail space
– 16 high-rise towers for residential and hospitality use, many completed or under construction
When complete, Miami Worldcenter will deliver approximately 11,000 residential units and over 1,000 hotel rooms.
Retail offerings at the development bring notable national and global brands to Downtown Miami for the first time. These include Apple, Sephora, Lululemon, Ray-Ban, and Lucid Motors, enhancing the city’s appeal as a retail destination.
The project has generated 9,000 jobs, with additional economic ripple effects contributing to job growth and new revenue opportunities for local businesses and service providers throughout the region.
