Miami Worldcenter Gets the Green Light!

Miami Worldcenter

Miami commissioners officially approved zoning changes and a development agreement for the highly-anticipated, $1.5 Billion mixed-use, mega project, Miami Worldcenter, soon to be home in Downtown Miami, according to the Real Deal.  Developers of Miami Worldcenter, Miami Worldcenter Associates, have been anxiously awaiting the Miami commissioners’ approval of the zoning changes and development agreement since the changes were approved on September 3, 2014 by the Miami Planning, Zoning and Appeals Board.

On Monday, September 29, 2014, the commissioners voted unanimously, 4-0, in favor of the zoning changes and development agreement with Miami Worldcenter Associates after a 4-hour, public hearing.

Many people, including real estate investors, real estate agents, labor unions and many local business owners, attended the public hearing in full support of the mega project.  Although there were some critics, most people seemed to be in support of Miami Worldcenter because it is certain to radically transform Downtown Miami.  Downtown Miami has been undergoing drastic changes in the past years with the addition of new residential condo towers, office buildings, hotels and Museum Park; however, Miami Worldcenter is going to take Downtown Miami’s transformation to a whole new level.

Spanning nearly 30 acres in Downtown Miami, Miami Worldcenter will be a multi-dimensional landmark in Miami and home to 765,000 square feet of first-class retail space including upscale shopping, a variety of dining and vibrant entertainment; luxurious residential condo towers, with one already being submitted for approval, the Miami Worldcenter Signature Tower consisting of 466 lavish condo residences; and the largest convention hotel in the region, Marriott Marquis World Convention Center Hotel which will offer 1,800 contemporary hotel rooms and over 600,000 square feet of convention and business space with ample parking.

On a final note, Miami Worldcenter will also benefit the local community by providing approximately 35,000 direct and indirect jobs.

If you, or someone you know, would like information on the Miami real estate market, please contact Michael Light of Miami Luxury Homes. You can reach me directly at my office at 305-350-9842, on my cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com.