CIM Group, alongside master developers Miami Worldcenter Associates—led by Art Falcone and Nitin Motwani—today announced the grand opening of Miami Worldcenter, a transformative $6 billion, 27-acre mixed-use development in the heart of Downtown Miami.
Spanning ten city blocks in the Park West neighborhood between Biscayne Boulevard and I-95, the project has turned a once-blighted area into a vibrant new district. Years in the making, the master-planned development includes 16 high-rise towers offering approximately 11,000 residences and more than 1,000 hotel rooms. It also features 300,000 square feet of retail, 100,000 square feet of public space, and $100 million in privately built infrastructure.
“This is a game-changing development that has revived a dormant section of downtown,” said Shaul Kuba, Co-Founder and Principal at CIM Group. “Our experience with mixed-use projects and commitment to community-building made Miami Worldcenter an ideal opportunity.”
The vision for Miami Worldcenter took shape with early investments like the Paramount Miami Worldcenter condominiums (569 units) and Caoba apartments (444 units), now known as Flow. These initial phases helped establish a base of full-time residents, activating the retail spaces and fostering a true live-work-play environment.
Vibrant Retail and Dining Experience
CIM Group partnered with The Comras Company to curate a dynamic mix of retailers. Anchored by Downtown Miami’s first Apple Store, the project boasts major global brands such as Sephora, Lucid Motors, Lululemon, Ray-Ban, and Free People, along with boutique shops like HŸP Sneakers and Posman Books. New tenants including Openbank by Santander, SkinSpirit, and Club Studio are set to open soon.
Dining options range from acclaimed names like Maple & Ash, Sixty Vines, and Sweet Paris Crêperie to local favorites like Brasserie Laurel and Chug’s Express. Upcoming additions include Serafina, Go Greek Yogurt, and the much-anticipated return of JUVIA.
Visitors can also enjoy entertainment attractions like Lucky Strike Bowling and the Museum of Ice Cream, making Miami Worldcenter a year-round destination for shopping, dining, and leisure.
A Connected, Transit-Oriented Development
One of Miami Worldcenter’s defining features is its unmatched access to transit. It’s adjacent to Brightline’s MiamiCentral Station and integrates with Tri-Rail, Metrorail, Metromover, and trolleys, creating South Florida’s largest transit-oriented development. The site is within walking distance of Miami’s top cultural institutions including the Kaseya Center, Pérez Art Museum, and the Adrienne Arsht Center.
Art-Filled Public Spaces
Public art plays a key role in the identity of Miami Worldcenter. In partnership with renowned curator Jeffrey Deitch and Miami-based collective PRIMARY, the development features a $5 million permanent public art collection. The outdoor museum includes works by celebrated artists such as Nina Chanel Abney, Nick Cave, Hernan Bas, and Franz Ackermann, among others.
World Square, a 20,000-square-foot open-air plaza, serves as the development’s communal heart—offering green space, wide sidewalks, and shaded seating, all surrounded by retail and dining options.
Economic Impact
As of December 2024, Miami Worldcenter has created nearly 9,000 jobs, with many more generated through construction and related services. It is expected to be a long-term economic driver for the region, drawing both residents and visitors from around the world.
About CIM Group
CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests.
