UPDATE, 3/2: On Feb. 24, developers of the $2-billion Miami Worldcenter announced the selection of CoastalTishman as the mixed-use project’s general contractor. The contractor, a joint venture between Miami-based Coastal Construction and New York-based Tishman Construction, will construct the 60-story Paramount Miami Worldcenter condominium, and phase one of the the project’s retail component for master developer Miami Worldcenter Associates in collaboration with Forbes and Taubman.
ORIGINAL POST: After just announcing in January a switch from building an enclosed mall to an open-air retail concept, developers of the planned $2-billion Miami Worldcenter mixed-use project unveiled renderings of the re-planned mega-development.
According to master developer Miami Worldcenter Associates, working with The Forbes Company and Taubman, the pedestrian-oriented streetscape—in a style called “High Street”—will be the focal point of the 27-acre mixed-use development. The companies say they will officially break ground on both the retail component and the adjoining, 700-ft-tall Paramount condominium building in March.
“By creating a network of open-air promenades and plazas, we'll ensure Miami Worldcenter is seamlessly integrated with surrounding streets,” stated Nitin Motwani, managing principal for Miami Worldcenter Associates.
“We believe that 'High Street' retail is the right way to move forward in downtown Miami," added Robert S. Taubman, chairman, president and CEO of Taubman Centers, Inc.
Other planned project components include an 1,800-room Marriott Marquis hotel and expo center developed by MDM Group; Luma, a 429-unit luxury apartment building developed by ZOM; and two apartment towers built atop street-level retail.