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Miami Worldcenter Gets $300M Residential Boost | Real Estate News
Description
Witkoff and Monroe Capital just landed a $300 million construction loan to build a towering 890-unit residential complex at Miami Worldcenter — the first phase of 700 North Miami Avenue. With permits in review and site prep already underway, the $270 million project will also include retail and a massive parking garage on land they bought in 2021. Backed by Athene and J.P. Morgan, this move accelerates Miami Worldcenter’s transformation into a bustling urban hub, completing a major piece of the 10-block entertainment and shopping district.
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