Construction on phase one of the mixed-use Miami Worldcenter project will begin in the first quarter of 2015, the developers announced Wednesday.
The first phase of the 10-block site will include an expo center, retail tenants, residential towers and a Marriott Marquis hotel. Vertical construction on the project will begin mid-2015.
Nitin Motwani and Art Falcone are the principals on the 27-acre project, which gained critical zoning approval from Miami commissioners this fall. The project is expected to bring $2 billion in new investment to downtown Miami, according to the developers. – Heather Grossmann