JEM Private Residences at Miami Worldcenter Receives Phased Vertical Permit, Marking Major Construction Milestone
The highly anticipated JEM Private Residences at Miami Worldcenter has officially received a phased vertical permit, a significant milestone that paves the way for vertical construction to begin. The Miami Building Department issued the permit this morning, marking another major step in the development of this 67-story luxury tower in the heart of downtown Miami.
JEM Private Residences is set to be a striking addition to Miami’s skyline, with plans for the tower to soar over 700 feet. Once complete, it will stand as one of the tallest residential towers in the city, further cementing Miami Worldcenter’s status as a premier urban destination.
The development will feature 259 luxury condominiums on the upper floors, offering breathtaking views and upscale amenities tailored to high-end living. Additionally, the lower levels will house 530 multi-family units, providing a mix of residential options within the vibrant mixed-use district. The tower will also include ground-floor commercial space, enhancing the retail and dining experience at Miami Worldcenter, along with a 591-space parking garage for residents and visitors.
JEM Private Residences has been making steady progress since its groundbreaking ceremony in April. A site work permit was issued in October 2024, allowing for essential groundwork and foundation work. Now, with the phased vertical permit in hand, construction crews can move forward with erecting the high-rise structure.
As Miami Worldcenter continues to evolve, JEM Private Residences is poised to become a landmark within the city’s dynamic urban landscape. With construction now advancing to the vertical phase, anticipation is building for what promises to be a premier luxury living destination in the heart of Miami.
Abbhi Capital’s Miami Worldcenter Site: Fence Permit Under Review and Plans for Two Towers Revealed
A significant step in the development of the Abbhi Capital site at Miami Worldcenter is now in motion. A permit to install a fence around the construction site is currently under review by Miami’s Building Department. The permit, which was applied for on August 24th, lists an estimated construction cost of $11,500.
This comes as further development plans for the site move forward. In September 2023, detailed plans were submitted to Miami’s Urban Development Review Board (UDRB) outlining an ambitious two-tower project. According to the submission, the site will feature two towering structures: a 59-story north tower rising 643 feet above ground (655 feet above sea level) and a 33-story south tower reaching 453 feet above ground (465 feet above sea level).
The proposed development includes:
558 residential units in the north tower
368,362 square feet of office space in the south tower
A 7,109 square foot ground-floor restaurant
1,319 vehicle parking spaces housed within an 11-story podium, partially lined with residential units
This project marks another milestone in the rapid growth of Miami Worldcenter, one of the largest urban developments in the U.S., and further underscores Miami’s transformation into a premier hub for luxury living and commercial space.
Keep an eye on this space as Abbhi Capital’s vision for Miami Worldcenter continues to unfold, with significant contributions to the skyline and urban landscape of downtown Miami.
Unveiling the Future: The Falcone Group and Nichols Architects Redefine Luxury Living in Miami Worldcenter
The Falcone Group, in collaboration with Nichols Architects, has unveiled plans for a new 53-story mixed-use tower at Block C, East of Miami Worldcenter. This ambitious project promises to reshape the luxury living and hospitality sectors within the expansive Miami Worldcenter complex, spanning ten blocks and 27 acres.
Nestled at 110 Northeast 10th Street, the new tower enjoys a prime location adjacent to the Miami Worldcenter promenade and the Paramount Miami Worldcenter tower, standing tall amidst the city’s bustling downtown. Nichols Architects, renowned for its distinguished designs in the hospitality sector, brings its expertise to Block C, East, following its success with projects like the W Hotel and EDITION hotels in Miami Beach.
Alfonso Costa Jr, Chief Operating Officer (COO) of the Falcone Group, expresses excitement about the project, stating, “With the city’s continued growth and an ever-increasing desire by people to invest, live, work, and vacation here, we are confident this condo-hotel project will meet the mark and exceed the most sophisticated of expectations when it comes to luxury living.”
The tower’s architectural plan is a testament to innovation and luxury living. The first two levels feature premium retail outlets and a distinctive two-story restaurant, seamlessly connecting to the promenade. A rooftop restaurant, doubling as a garage space, adds a unique flair to the culinary experience. The tower’s design also incorporates lush landscaping by Kimley-Horn, enhancing its connection to the surroundings.
Residential sections of the tower offer unparalleled living experiences, boasting access to two pool decks. The 10th-level pool deck provides a secluded oasis for residents, while the crown jewel is the 25th-level hotel pool deck, offering sweeping views of the Miami skyline, creating a true architectural gem.
Igor Reyes, principal at Nichols Architects, highlights the innovative design, stating, “By opening the core of the building and strategically splitting the tower massing, we’ve unveiled a truly innovative design for Block C. This architectural choice allows for the integration of a unique pool deck and hotel lounge bar at the 25th level, offering a heightened and immersive experience, marked by panoramic views of the city.”
The tower’s layout encompasses a diverse array of facilities, including a hotel with 280 rooms, 351 luxury condominiums, and ample amenities such as a gym, spa, and meeting spaces. The project also allocates space for retail outlets and a restaurant, promising an enriching lifestyle for residents and visitors alike.
This project marks a significant stride in the evolution of Miami Worldcenter into a dynamic urban center. Nichols Architects, with its forward-thinking design philosophy, promises to contribute another iconic landmark to Miami’s architectural landscape.
Nichols Architects, based in Coral Gables, brings over five decades of architectural expertise to the forefront, specializing in luxury residential and hospitality projects.
The Falcone Group, led by Founder & CEO Art Falcone, operates as one of Florida’s foremost real estate development and investment entities, with a rich history spanning over three and a half decades.
Miami Worldcenter, spearheaded by Managing Partners Art Falcone and Nitin Motwani, alongside CIM Group, offers a dynamic blend of residential, commercial, and hospitality spaces, redefining contemporary urban living.
Apple Touches Down: A New Era Begins at Miami Worldcenter
After months of speculation, it’s official: Apple is making its mark on Miami Worldcenter, the sprawling 27-acre megadevelopment in Downtown Miami. A leasehold agreement filed to Miami-Dade County confirms the tech giant’s arrival, adding to the excitement surrounding this ambitious project.
Construction has been underway since November for a one-story, stand-alone retail building located at 725 NE First Avenue. With a price tag of $12 million, this development is poised to become a focal point within the Miami Worldcenter landscape. Situated on an 18,600-square-foot site, the building occupies a prime spot at the corner of Northeast Eighth Street, just west of the Jewel Box retail building.
Miami Worldcenter, akin to New York’s Hudson Yards, is one of the largest private projects in the country. Spearheaded by master developers CIM Group, Art Falcone, and Nitin Motwani, this mixed-use development promises approximately 300,000 square feet of retail space, offering a vibrant shopping and entertainment experience in the heart of Miami.
Already, the development has welcomed a lineup of notable brands, including Sephora, Lululemon, and Ray-Ban. Exciting additions on the horizon include Starbucks, The Container Store, Rihanna’s Savage X Fenty, and a bar concept by Nick Jonas, among others. Apple’s presence adds further prestige to this burgeoning retail hub.
Speculation about Apple’s involvement at Miami Worldcenter has been rife for months, but confirmation was elusive until now. Despite persistent rumors, both Miami Worldcenter and Apple remained tight-lipped on the matter. However, the recent leasehold agreement filing and confirmation from individuals involved in the project have dispelled any doubts.
Apple’s decision to establish a presence at Miami Worldcenter marks its sixth outpost in Miami-Dade County. This move underscores the company’s commitment to enhancing its retail footprint, particularly following the departure of former retail chief Angela Ahrendts in 2019. Ahrendts, renowned for her tenure at Burberry, left a lasting legacy on Apple’s retail strategy.
With Apple’s imminent arrival, Miami Worldcenter continues to solidify its position as a premier destination for shopping, dining, and entertainment. As construction progresses and anticipation mounts, residents and visitors alike eagerly await the unveiling of this iconic retail landmark.
Nick Jonas and John Varvatos to Launch Villa One Tequila Gardens in Miami Worldcenter
Miami is set to welcome a new pinnacle of culinary and nightlife innovation with the introduction of Villa One Tequila Gardens, a venture co-founded by pop sensation Nick Jonas and renowned menswear designer John Varvatos. This exciting addition aims to infuse the vibrant essence of Mexico’s finest tequilas and mezcals into the heart of Downtown Miami, nestled within the sprawling $6 billion Miami Worldcenter development.
Slated for a grand opening in 2025, Villa One Tequila Gardens promises an exotic rooftop retreat spanning 12,294 square feet atop the ‘Jewel Box’ retail building at 150 NE 8th Street. This space is part of the 27-acre mixed-use Miami Worldcenter, which is rapidly transforming Miami’s urban landscape with a rich blend of residential, commercial, and hospitality offerings. The Tequila Gardens will feature a diverse selection of over 150 tequilas and mezcals, complemented by Baja-style Mexican cuisine, offering guests a unique escape within the bustling city.
The venue will boast panoramic views of the Downtown Miami skyline, a raw bar, a tequila tasting room led by a dedicated tequila sommelier, and an intimate speakeasy operated by a yet-to-be-announced nightlife brand. This addition is poised to enhance the Miami Worldcenter’s appeal, joining other recently announced dining and entertainment concepts such as Starbucks, Earls Kitchen + Bar, Sports & Social, Sixty Vines, and Bowlero.
Miami Worldcenter, one of Florida’s largest privately owned urban developments, is a testament to the vision of Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in collaboration with CIM Group. Nitin Motwani emphasizes that Villa One Tequila Gardens will offer a unique rooftop experience that melds Mexican-inspired cocktails and cuisine with Miami’s modern sophistication, providing a captivating destination within the city’s dynamic core.
Designed by KOM Studio, the venue will immerse guests in the luxurious and authentic Mexican lifestyle, featuring rich textiles, agave-inspired greens, and vibrant neon accents. This addition further enriches the Miami Worldcenter’s growing portfolio of tenants and hospitality destinations, including Michelin-star-rated offerings by Ariete Hospitality Group, national retail brands, and the citizenM Miami Worldcenter hotel.
Villa One Tequila Gardens is set to become a landmark destination within Miami Worldcenter, offering an unparalleled rooftop experience that celebrates the rich flavors and traditions of Mexico, all while embracing the vibrant energy and sophistication of Miami.
600 Miami Worldcenter Sells Out Before Groundbeaking
Miami’s skyline is poised for a dramatic transformation with the upcoming groundbreaking of the 32-story tower at Miami Worldcenter. This highly anticipated development, spearheaded by Merrimac Ventures and Aria Development Group, has already made waves in the real estate market by preselling all its units. With a robust $95 million construction loan secured from Banco Inbursa, the project dubbed 600 Miami Worldcenter is on track to redefine luxury living in downtown Miami.
The 600 Miami Worldcenter project represents a significant milestone in urban development, blending luxury living with the convenience of downtown accessibility. Nitin Motwani, Managing Partner of Merrimac Ventures, shared his enthusiasm for the project, stating, “600 Miami Worldcenter has been one of our most anticipated and fastest-selling developments, which was appealing for our lenders at Banco Inbursa.” This sentiment underscores the project’s appeal not only to potential residents but also to financial partners who see the value in investing in Miami’s future.
The allure of 600 Miami Worldcenter has reached international proportions, attracting buyers from the U.S., Colombia, Turkey, and Argentina. This diverse buyer profile highlights Miami’s global appeal as a destination for luxury living and investment. The tower’s units, which are being delivered fully finished and furnished, cater to a modern lifestyle that values convenience, quality, and flexibility. Furthermore, the allowance for short-term rentals opens up opportunities for owners to generate income, making it an attractive proposition for investors and residents alike.
600 Miami Worldcenter is not alone in its success or its offerings. The neighborhood is witnessing a surge in developments that allow short-term rentals, a trend that speaks to the evolving demands of the real estate market. Nearby towers such as The Crosby Miami Worldcenter, with 450 condos, and 501 First, boasting 476 condos, have also sold out. These developments, situated within proximity to 600 Miami Worldcenter, underscore the area’s desirability and the growing trend towards flexible living arrangements in urban centers.
With groundbreaking on the horizon and completion expected in 2026, 600 Miami Worldcenter is set to become a landmark in Miami’s bustling downtown area. This project not only signifies a leap forward in urban living but also marks a significant investment in the city’s future. As Miami continues to attract attention on the global stage, developments like 600 Miami Worldcenter play a crucial role in shaping the city’s identity as a hub for luxury, innovation, and cosmopolitan living.
Strategic Utilities Deal for 600 Miami Worldcenter in the Park West Neighborhood
In a significant move underlining its market savvy and strategic planning, a collaboration has been formed between the developers of 600 Miami Worldcenter and Miami-Dade’s Water and Sewer Department. This partnership ensures the provision of utilities for this ambitious project, marking a critical step in its progress.
The 31-story tower, a centerpiece in the Miami Worldcenter development, has moved into the construction permitting phase. This development, handled by the renowned Beauchamp Construction Co., signifies a robust investment opportunity in one of Miami’s most vibrant and growing areas.
Highlights of 600 Miami Worldcenter:
615 Residential Units: High potential for sustained rental income or resale value in a thriving market.
4,500 Square Feet Full-Service Restaurant: Adds a valuable commercial component, attracting both residents and visitors.
6,000 Square Feet Fitness Center: Enhances lifestyle appeal, increasing the attractiveness for potential residents.
The project has already gained momentum with the Urban Development Review Board’s endorsement in July, indicating strong local support and a green light for the forward-moving design and construction phases.
David Arditi’s involvement, representing the developing entity, and the formal utilities agreement recorded on December 19, further solidify the project’s foundation. Aria Development and Merrimac Ventures, standing behind this venture, bring a wealth of experience and a track record of successful developments.
For more information and to discuss investment opportunities, contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
Naftali Group’s Vision for the Miami Worldcenter Tower
The New York-based Naftali Group has unveiled its grand plans for a 67-story mixed-use skyscraper within the heart of the Miami Worldcenter. This ambitious project, set to rise over 700 feet, will be situated on a 1.02-acre plot at 1044 and 1016 Northeast 2nd Avenue.
Designed by the esteemed Miami-based Arquitectonica, with interiors crafted by New York City’s Rockwell Group, this tower promises to be a beacon of modern architecture. The building will encompass nearly 1.3 million square feet, housing 259 luxurious condominiums under the “JEM Private Residences” brand. These residences will range from cozy studios to expansive four-bedroom units, with sizes varying from 469 to 2,052 square feet. In addition to these, the tower will feature 550 rental apartments, 3,600 square feet of prime commercial space, and a parking garage for approximately 591 vehicles.
The tower’s design is a testament to modernist principles, with its rhythmic façade and horizontal bands creating a sense of fluidity. This design not only enhances the building’s aesthetic but also serves functional purposes, optimizing sunlight and ventilation. The tower’s glass facade, juxtaposed with other materials, strikes a balance between privacy and engagement with the surrounding urban landscape.
The interiors, conceptualized by Rockwell Group, exude precision and elegance. The kitchens, adorned with custom millwork cabinetry and Calacatta stone countertops, will feature top-of-the-line Miele appliances. The primary bathrooms will showcase custom medicine cabinets, honed Dolomite white countertops, and sleek fixtures, with some units boasting standalone soaking tubs. Condominiums will be priced starting at $540,000, occupying floors 43 and above, while rental apartments will be housed between floors 10 and 42.
JEM Private Residences promises an unparalleled amenity suite on the 50th floor, rivaling the offerings of luxury hotels. Residents can unwind in the Sky Lounge, take a dip in the 60-foot pool, or relax in cabanas and floating daybeds. Fitness enthusiasts will appreciate the state-of-the-art indoor gym and outdoor fitness areas, complete with a boxing arena and yoga patio. The spa suite, with its unique dry sauna, steam room, and tranquil pink Himalayan salt room, promises rejuvenation. Additional facilities include a game room, co-working spaces, and a spirits-tasting room.
This project underscores the Naftali Group’s commitment to redefining luxury real estate in South Florida. With over three decades of experience and successful developments in locales from New York City to Singapore, the group’s foray into Florida is eagerly anticipated. Their portfolio boasts over 3 million square feet of planned development, with iconic properties like “The Shephard” in the West Village and “The Benson” on Madison Avenue to their credit.
The tower’s strategic location, nestled between Northeast 10th and 11th Streets and adjacent to the Eleventh Street Metromover Station, places it in proximity to other notable developments. It’s set to break ground in the second quarter of 2024.
Juvia’s Strategic Pivot-a Testament to Miami’s Flourishing Landscape
In the dynamic world of investment, adaptability is paramount. Similarly, in the realm of Miami’s culinary scene, Juvia, the illustrious rooftop restaurant and bar that once held sway over Lincoln Road’s nightlife, has demonstrated this principle. After an impressive 11-year run in Miami Beach, Juvia is set to transition to the Miami Worldcenter—a staggering $6 billion, 27-acre development poised at the epicenter of downtown.
Jonas Millán, the visionary behind Juvia Group alongside his partner Alexandra, remarked on the city’s transformation, “Over the past decade, Miami has transcended its identity as merely a beach destination. Its metamorphosis into a burgeoning metropolis necessitated our evolution.” After meticulous scouting, the Miami Worldcenter emerged as the unequivocal choice for Juvia’s next chapter. Millán envisions the new establishment, slated for a late 2024 launch, to surpass its predecessor in grandeur, boasting expansive outdoor spaces and a more lavish terrace bar.
The Miami Worldcenter, located at 1010 NE Second Ave., is not just a real estate marvel but a culinary hub. It already houses three ventures from the esteemed Chef Michael Beltran’s Ariete Hospitality Group. Furthermore, 2024 will witness the inauguration of several more dining establishments, including New York’s Serafina and Dallas’s Sixty Vines, among others. Beyond gastronomy, the development is set to feature retail giants like Sephora and Lululemon, as well as avant-garde entertainment venues.
Juvia’s culinary direction remains rooted in its legacy—French cuisine infused with Latin nuances. However, with Miami’s dining scene witnessing a renaissance and the city earning Michelin accolades, Millán acknowledges the heightened benchmarks. “The culinary landscape is evolving rapidly. While some perceive market competition as daunting, I view it as a catalyst—an impetus to innovate and elevate our offerings.”
Nitin Motwani, the strategic mind behind Miami Worldcenter Associates, always envisioned Juvia as the crown jewel of the development’s rooftop. Familiar with Millán’s prowess through Bonito St. Barth, Motwani recognized Juvia’s transformative impact on Miami Beach. “Their influence was palpable. Our initial blueprints often echoed the sentiment, ‘Imagine having an establishment akin to Juvia here.’ Their relocation is serendipitous—a confluence of an expiring lease and the allure of what’s poised to become Miami’s nexus.” Motwani envisions the Worldcenter as a tapestry of diverse experiences, with Juvia serving as both a haven for celebratory occasions and a regular dining fixture.
In the high-stakes world of real estate, we understand the significance of strategic shifts and seizing emerging opportunities. Juvia’s transition is emblematic of this ethos—a testament to the vision, adaptability, and promise of Miami’s burgeoning landscape.
Abbhi Capital Breaks Ground on 2 Million Square Foot Development at Miami Worldcenter
With a ground-breaking of a 2 million square foot mixed-use development that includes the area’s first significant office building, Abbhi Capital plans to revolutionize Miami Worldcenter.
On September 20th, the city’s Urban Design Review Board will consider the expansive project, which consists of a 59-story residential tower and a 33-story office tower joined by a shared podium with plenty of parking. The property was purchased by SanaProperty8LLC, an affiliate of Abbhi Capital, for a total of $44 million between 2020 and 2021. It is located at 1001 N.E. First Ave. The development will have 1,319 spacious parking places, 7109 square feet of retail and dining space, 368,362 square feet of available commercial space, and 558 residential units.
An amenities deck including a pool, jacuzzi, pickleball courts, fitness center, coworking spaces, media room, and even a dog grooming station will be available to residents and renters on the 12th level. The construction intends to accommodate a variety of lifestyles with the majority of residential apartments beginning on the second floor and ranging from small 570-square-foot studios to roomy three-bedroom residences covering 1,562 square feet.
Ten city blocks make up Miami Worldcenter, which is next to Museum Park, which is home to the Frost Museum of Science and Pérez Art Museum Miami, as well as the FTX Arena, Adrienne Arsht Center for the Performing Arts, and Wolfson Campus of Miami Dade College. Miami Worldcenter is the largest and best-connected transit-oriented development in Florida thanks to its proximity to Brightline’s MiamiCentral station, which provides direct train service to Fort Lauderdale, West Palm Beach, and Orlando and access to Tri-Rail, the Metromover, and the Metrorail.
