The Miami Worldcenter zoning changes were officially approved unanimously by Miami’s Planning, Zoning and Appeals Board on Wednesday night at a meeting that was open to property owners and members of the public, according to exMiami. In addition to the board’s unanimous approval, most people including business and civic leaders seem to be in favor of the Miami Worldcenter. Property owners and other members of the public who attended the meeting on Wednesday night were in favor, by a margin of 10-1, of this $1.5 Billion, mixed-use mega project soon to be home in Downtown Miami.
This unanimous approval by Miami’s Planning, Zoning and Appeals Board came after the board deferred a vote in the June meeting, due to concerns about the mega project.
According to the Daily Business Review, the zoning changes to the Miami Worldcenter project include a revamp of design standards to boost the allowable intensity of the mixed-use development and modifications to the definitions of certain project elements to allow them to be built in accordance with the visions of the project developer, Miami Worldcenter Associates.
The City of Miami Commission will officially vote on the Miami Worldcenter zoning changes, in addition to a new development agreement, sometime next week. If all goes well, Miami Worldcenter will break ground at the end of 2014.
On a final note, I agree with the majority of Miamians that the finished product of Miami Worldcenter will positively transform Downtown Miami. I also strongly believe that Miami Worldcenter will improve Downtown Miami real estate market values.
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.