Now Open
Miami Worldcenter
A 27-acre, $6 billion mixed-use hub in downtown Miami, and one of the largest urban projects in the United States.
Official WebsiteTMW IntelligenceVerified Jul 14, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
Delivers in phases · 5 components
03.03.16
Start
2028
Full build-out
Financed with $120M from Deutsche Bank in 05.24.
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Details
Open since 2028. Financed with $120M from Deutsche Bank in May 2024.
The story so far
Announced · Miami Worldcenter 2016 est.
Broke ground · Miami Worldcenter Mar 3, 2016
Announced · Legacy Hotel & Residences 2021 est.
Broke ground · Legacy Hotel & Residences 2021
Announced · Miami World Tower 1 Apr 17, 2023
oftmw.comAnnounced · JEM Private Residences Sep 17, 2023
oftmw.comAnnounced · 700 North Miami Avenue Sep 17, 2023
oftmw.comAnnounced · The Crosby Miami Worldcenter Sep 17, 2023
oftmw.comSales launched · JEM Private Residences Oct 17, 2023Naftali Group launched condo sales for JEM in Miami Worldcenter (official), 2023-10-17
thejem.comOpened · Miami World Tower 1 2024
oftmw.comConstruction halted · Legacy Hotel & Residences Mar 2024work on the 50-story Miami Worldcenter tower stopped after plumbing and electrical slab penetrations were found incorrectly placed, and it has not restarted amid contractor liens and the Monarch foreclosure
oftmw.comBroke ground · JEM Private Residences Apr 2024Construction started Apr 2024 (groundbreaking logged); in Miami Worldcenter; completion Q4 2027 — Commercial Observer/Florida YIMBY
oftmw.comFinancing secured · Miami Worldcenter May 2024$120M refinancing of Miami Worldcenter's ~300K sq ft retail, Deutsche Bank as administrative agent, borrower Miami Worldcenter Associates, per The Real Deal (May 2024)
oftmw.comOpened · The Crosby Miami Worldcenter 2025
oftmw.comOpened · Miami Worldcenter May 22, 2025
Foreclosure filed · Legacy Hotel & Residences Jul 2, 2025lender Legacy Lender Holdings, an affiliate of Monarch Alternative Capital, sues Royal Palm Companies in Miami-Dade Circuit Court over $31.9 million in unpaid principal, interest, fees and taxes, with the developer countersuing; the tower has sat stalled since a 2024 design fault halted work
bisnow.comBond deadline missed · Legacy Hotel & Residences Sep 22, 2025Dan Kodsi fails to post the $32 million surety bond a judge ordered by 22 September 2025 under his settlement with lender Monarch Alternative Capital, which had also required more than $35 million paid by early November, leaving the half-built 50-story tower exposed to receivership or a debt auction
therealdeal.comFinancing secured · JEM Private Residences Nov 25, 2025$465M construction financing closed Nov 25, 2025 ($235M C-PACE Nuveen + $230M BHI) — largest C-PACE multifamily in FL — TRD/Commercial Observer/CoStar
oftmw.comTopped out · JEM Private Residences Feb 2026Podium topped off at 11th floor (Naftali), PROFILEmiami, Feb 2026; tower now rising above podium
oftmw.comGoing vertical · JEM Private Residences Feb 18, 2026Naftali Group topped off the 11th-floor podium at JEM, shifting the 67-story tower into full vertical construction above Miami Worldcenter
oftmw.comTenant announced · JEM Private Residences Apr 15, 2026Naftali signed ITO•Kaya and SunLife Organics to JEM's ground-floor retail at Miami Worldcenter
oftmw.comFinancing secured · 700 North Miami Avenue Jul 2026Witkoff and Monroe Capital secure $302.6M construction loan for first phase (894 units) per The Real Deal / Florida YIMBY, July 2026
therealdeal.comBroke ground · 700 North Miami Avenue 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.comExpected opening · 700 North Miami Avenue 2028
Expected opening · JEM Private Residences Q4 2027
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 →
Developer & design
Developers
Inside this development
5 direct components.
Journal coverage
Miami · May 20The world's first-ever Pagani Residences officially breaks ground in Miami- Miami · May 19PMG and Palm Tree Crew unveil the world's first-ever Palm Tree Residences in Miami
- Miami · Apr 29HUNIIK, one of the World’s 50 Best Restaurants, is taking over BeyBey for a single night in Miami
- Miami · Apr 13Miami lands two new dining and wellness concepts at JEM Private Residences
- Mar 26JEM Residences unveils exclusive museum and yacht partnerships
- Miami · Mar 16World’s 50 Best Restaurants ‘Best Female Chef’ to cook one-night-only dinner at Bistro Ocho in Miami
- Feb 18Naftali Group tops off podium level at JEM Private Residences
- Miami · Nov 2025JEM captivates Miami Worldcenter with FENDI Casa Sky Villa sale
- Miami · Nov 2025Miami and Dubai are leading the world in branded residences
- Miami · Oct 2025Chef Danny Grant brings his acclaimed Eight Bar to Miami Worldcenter's Maple & Ash
- Miami · Sep 2025The world’s first Bentley-branded residences unveils its $37.5 million penthouse in Miami
- Miami · Aug 2025Playboy moves global HQ to Rivani Miami Beach, the world's first Class-X office
- Miami · Oct 2024Adam Neumann launches his first condominium project at Miami Worldcenter
- Miami · Sep 2024FIFA Club World Cup 2025, the first-ever 32-team tournament is coming to Miami and Orlando
- Miami · Aug 2024The World’s Largest Hip-Hop Festival Returns to Miami to Celebrate “10 Years of Rolling Loud” on December 13-15 at Hard Rock Stadium
- Miami · May 2024One of the United States’ largest urban developments, the Miami Worldcenter, is 95% leased after Maple & Ash, Apple, Juvia, Museum of Ice Cream & more secure space
- Miami · Apr 2024Apple plans biggest-ever Miami offices at The Plaza in Coral Gables and confirms a new Downtown retail store at the highly-anticipated Miami Worldcenter
- Miami · Apr 2024The world's largest hip-hop festival returns to Miami’s Hard Rock Stadium for a special "10 Years of Rolling Loud" edition of its flagship fest, December 13-15, 2024
- Miami · Mar 2024Nichols Architects reveals design for 53-story mixed-use tower at the Miami Worldcenter, including a 280-key hotel, retail space, a restaurant, and luxury condominiums
- Miami · Mar 2024Merrimac Ventures & Aria Development Group officially breaks ground on one of Downtown Miami's fastest-selling condo towers, the sold-out 600 Miami Worldcenter
- Miami · Mar 2024World's first Pagani Residences to launch in Miami’s North Bay Village, featuring 70 units in 28 stories, with prices starting at $2.4 million
- Miami · Feb 2024Villa One Tequila Gardens, co-founded by Nick Jonas and John Varvatos, is coming to the rooftop of theJewel Box building at the Miami Worldcenter
- Miami · Jan 2024Naftali Group continues sales at luxury 67-story JEM Private Residences at Miami World Center, marking their first venture in Miami
- Miami · Nov 20231 Southside Park, a new world-class 64-story mixed-use luxury tower is coming to Miami
- Miami · Oct 2023After 11 years, popular South Beach restaurant, Juvia, will relocate to the Miami World Center
- Miami · Sep 2023Abbhi Capital propose a 2 million-square-foot mixed-use development in Miami Worldcenter
- Miami · Jul 2023Biggest Hip-Hop festival in the world is coming to Hard Rock Stadium Miami, July 21-23
- Miami · Apr 2023Miami World Center, the second-largest development in the U.S after New York's Hudson Yards
- Miami · Apr 2023700-Foot Proposed Residential Tower at Miami World Center
Within 2 miles
Common questions
Frequently asked
Where is Miami Worldcenter located?
Miami Worldcenter is located in Miami.
Is Miami Worldcenter open?
Miami Worldcenter is now open. It was completed in 2028.
How will Miami Worldcenter be built out?
Miami Worldcenter is a phased, multi-component development with 5 tracked components delivering on a rolling schedule. Full build-out is expected in 2028.
Who is developing Miami Worldcenter?
Miami Worldcenter Associates, CIM Group is the developer behind Miami Worldcenter.
Who designed Miami Worldcenter?
Miami Worldcenter was designed by Elkus Manfredi Architects.