$4 Billion Mixed-Use Development Opens in Miami

The Miami Worldcenter mega-development is in the progress of opening its doors to the public, as the 444-unit CAOBA residential component of the project has begun renting apartments for the first time this week, reports David WIlkening.

The $4 billion Miami Worldcenter is located just north of the city's Central Business District, with 27-acres of mixed-use development on the way, within walking distance of the Perez Art Museum and Miami Central Station.

When finished, Miami Worldcenter will include 1,875 residential unites. Retail components include an open-air mall with 3000,000 square feet for retail businesses. The development also includes a 45-story mixed-use tower that includes 500,000 square feet of Class A office space. Also included are 500,000 square feet of exhibition and meeting space and 1,700 hotel rooms.