CoStar News
Summary:
Miami Worldcenter, a $6 billion, 27-acre mixed-use development, has faced challenges over the years, including delays due to the Great Recession and the impact of the COVID-19 pandemic. The project, the second-largest of its kind in the United States, aims to reshape Miami’s urban core by focusing on pedestrian-friendly spaces and creating a walkable neighborhood. Despite setbacks, the development is nearing completion, with over 90% of its 300,000 square feet of retail space leased. The project includes residential units, offices, public green areas, and a variety of amenities, contributing to Miami’s status as a growing global city.