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The plans for the 27-acre mixed-use project, Miami Worldcenter, have been recently approved, and according to an article from The Real Deal , the construction of new condo towers plays an integral role. The center, which includes retail, entertainment, residential, hotel, and convention center spaces, will be located west of Biscayne Boulevard in Greater Downtown Miami. Developers Nitin Motwani and Art Falcone have publicly confirmed their decision to include new condo towers into the first phase of the planned atlantic city vacation packages $2 billion complex at last week’s CBRE Florida Multifamily Summit at the JW Marriott Marquis Miami hotel. Motwani told the standing-room-only crowd that they hope to create a plethora of products to make the Worldcenter an interesting place. “We will have a big-box hotel. atlantic city vacation packages We will have a boutique hotel. We will have smaller condos. We will have larger condos. We will have a for-rent product as well.” The announcement comes in the midst of a Miami real estate boom that is producing hundreds of thousands of new condominium residences around the area.
According atlantic city vacation packages to Falcone, the condo component will add to the already planned 1,800-room Marriott-branded hotel and expo center as well as the 765,000-square-foot shopping center, with retail anchors Macy’s and Bloomingdale’s. The developers did not reveal atlantic city vacation packages any additional specifics, like number of units, prices, or project names, but did say there will be a tower with large units and one with small units for sale. They did state that details will be announce in “short order.” Previously, developers had avoided confirmation on whether the 1,200 residential units planned for the 10-block site would be apartments atlantic city vacation packages for rent or condos for sale. A good mix of both promises to provide a variety of homes to meet the needs of Miami’s growing population.
Currently, there are 64 new condo towers slated for the Greater Downtown Miami market, with nearly 18,500 units. 8 towers are located in the Greater Downtown Miami’s Central Business District submarket, 32 are found in the Brickell Avenue Area submarket, and 24 have been announced for the Biscayne Boulevard Corridor submarket. With so many projects on the way, investment opportunities in downtown Miami are plentiful, and as the area continues to grow in popularity, there’s no reason to think the market will slow any time soon.
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