The construction of the project is expected to be completed in 2026. However, a team consisting of Merrimac Ventures and Aria Development Group has already sold out all 606 fully furnished units located at 600 NE 1st Avenue. The tower, known as “600 Miami Worldcenter”, will be situated within Downtown Miami’s expansive mixed-use development spanning over 27 acres. This development will have no limitations on short-term rentals and is being funded by a $95 million construction loan from Banco Inbursa. Revuelta Architecture has been commissioned to design the project.
The rental models offered will range from cozy studios measuring at just over 400 square feet to spacious two-bedroom units spanning up to approximately830 square feet, with prices starting in the $400,000s.
According to Nitin Motwani of Merrimac Ventures: “Increased demand for our prime location and turn-key residences are just some factors that set this project apart as an exceptional addition to our city-within-a-city at Miami Worldcenter.”
Miami World Center ranks second only after Hudson Yards as one of the largest urban developments in the United States.
This joint venture successfully sold out their upcoming condo tower before its completion date – an impressive feat for any real estate endeavor.
