600 Miami Worldcenter
Update
02/06/24
Developers Secure $95 Million in Construction Financing for Residential Tower in Miami’s Worldcenter
Developers Aria Development Group and Merrimac Ventures have secured a $95 million construction loan for 600 Miami Worldcenter, a proposed 32-story mixed-use tower. The loan was provided by Banco Inbursa. The mixed-use development will provide 615 residential units. The development will also include a 4,500 square foot full-service restaurant and a 6,000 square foot fitness center. The studio, one-, and two-bedroom condominiums will range in size from 600 to 830 square feet. Units will be priced in the $500,000 range, with no rental restrictions, which will allow owners to live in the residences, rent them out on an annual basis or list them on Airbnb and other platforms. Amenities include a rooftop pool, bistro and bar, fitness center, co-working spaces and more. Construction is expected to start in 2024 with completion in 2026.
