Construction Set to Begin on 32-Story Worldcenter Condo Tower

Published Date: February 20, 2024

A collaboration between Merrimac Ventures and Aria Development Group is poised to commence construction on 600 Miami Worldcenter, a 32-story condominium tower within the expansive 27-acre Miami Worldcenter mixed-use development.

The project boasts 606 furnished units, already sold to buyers primarily from the U.S., Colombia, Turkey, and Argentina. Residences range from 407-square-foot studios to 830-square-foot, two-bedroom units, priced from the $400,000s.

Sales and marketing management for the tower is under the purview of OneWorld Properties, led by CEO Peggy Olin, situated at 600 NE 1st Ave, with construction expected to conclude by 2026.

Miami Worldcenter, a $6 billion project in Downtown Miami, is the second-largest urban development in the U.S. after New York’s Hudson Yards. It spans ten city blocks and is adjacent to Brightline’s Miami Central station, offering unparalleled connectivity to Tri-Rail, the Metromover, and the Metrorail.

Designed by The Design Agency, the residences will feature floor-to-ceiling windows, balconies, custom Italian cabinetry and countertops, integrated paneled refrigerators/freezers, in-unit washers and dryers, and fully built-out closets.

Community amenities include a summer kitchen, rooftop swimming pool with resort seating, fitness center with outdoor private training area by Homage Fitness, co-working space, resident lounge, and entertaining space.

The project secured a $95 million construction loan from Banco Inbursa, facilitated by Newmark’s Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Daniel Matz, Holden Witkoff, and the law firm Bilzin Sumberg LLP’s Joseph Hernandez, Salomé Bascuñan, and Anthony De Yurre.

Merrimac Managing Partner Nitin Motwani expressed confidence in the project’s appeal, citing heightened demand for its prime location and fully furnished turn-key residences, positioning it as a noteworthy addition to Miami Worldcenter’s dynamic urban landscape.

In addition to 600 Miami Worldcenter, Merrimac is spearheading the development of two additional residential towers within Miami Worldcenter: The Crosby, a 450-unit condo tower in partnership with Related Group, and the second phase of Caoba, a 40-story building with 420 apartments.

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Original Article By John Yellig- South Florida Agent

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