Breaking Ground

700 North Miami Avenue

Part of Miami Worldcenter →

700 North Miami Avenue is a three-tower residential development planned for the former Miami Arena site in downtown Miami, one of the last large undeveloped parcels near the Miami Worldcenter district and MiamiCentral station.

TMW IntelligenceVerified Oct 6, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
07.26
Start
2028
Completion
2346
Units
53
Floors

Financed with $302.6M from Athene in 07.21.26.

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Details

700 North Miami Avenue, Miami. 53 floors and 2346 residences. Broke ground July 2026, completing 2028. Financed with $302.6M from Athene in July 2026.

The story so far
Announced Sep 17, 2023
oftmw.com
Financing secured Jul 2026Witkoff and Monroe Capital secure $302.6M construction loan for first phase (894 units) per The Real Deal / Florida YIMBY, July 2026
therealdeal.com
Broke ground Jul 2026Sitework underway on phase one after Witkoff and Monroe Capital closed a $302.6M construction loan, per Commercial Observer and The Real Deal
commercialobserver.com
Expected opening 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
Supply pressure 96 · SaturatedMiami marketMarket →
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About the project

700 North Miami Avenue is a three-tower residential development planned for the former Miami Arena site in downtown Miami, one of the last large undeveloped parcels near the Miami Worldcenter district and MiamiCentral station. Witkoff and Monroe Capital are developing it to designs by Kobi Karp, with towers rising roughly 50, 51 and 53 stories over ground-floor retail and structured parking. The first phase carries about 894 apartments, some 17,000 square feet of retail and a nine-story garage, built by Coastal Construction, with the remaining towers following as the market allows. The arena that once stood here was cleared long ago and the land has sat vacant since.

Developer & design
The Miami market 96 · Saturated supplyMiami Worldcenter 83-project pipeline · 32,637 residences and keys · peak Late ’28 Explore the market →
Common questions

Frequently asked

Where is 700 North Miami Avenue located?

700 North Miami Avenue is located in Miami, part of Miami Worldcenter.

When will 700 North Miami Avenue be completed?

700 North Miami Avenue is breaking ground, with completion targeted in 2028.

Who is developing 700 North Miami Avenue?

Witkoff, Monroe Capital is the developer behind 700 North Miami Avenue.

Who designed 700 North Miami Avenue?

700 North Miami Avenue was designed by Kobi Karp.

How big is 700 North Miami Avenue?

700 North Miami Avenue rises 53 stories with 2346 residences.