New Tenants at Miami Worldcenter Retail, 75% Leased

With the addition of three new national retail and restaurant tenants to Miami Worldcenter, the $4 billion, 27-acre mixed-use complex that is remaking the center of Downtown Miami, an alluring assortment of stores and eating options in Miami continues to take shape. Through Leap, a platform that creates and manages immersive retail locations for contemporary and emerging brands, the development's owner has negotiated leases with a new high-end fitness concept called Club Studio, well-liked eatery Earls Kitchen + Bar, and opulent swimwear brand Luli Fama. With the addition of these new tenants, Miami Worldcenter's retail area will be about 75% occupied and total 45,000 square feet in size.

Chicago's Maple & Ash and etta restaurants; Miami Worldcenter's Sports & Social, a dining and entertainment concept; and other nationally renowned brands like Rihanna's Savage X Fenty, Lululemon, Ray-Ban, Sephora (now open), Posman Books, Bowlero, and Lucid M are just a few of the recently opened and upcoming tenants. Miami Worldcenter is also expanding its stellar lineup of current tenants.

The 300,000 square feet of retail, dining, and entertainment space at Miami Worldcenter, one of the biggest privately owned and constructed urban real estate developments in Florida, will be complimented by a variety of residential, business, and hospitality applications. At Miami Worldcenter, some 255,000 square feet of retail space have already been finished as tenants eagerly finish out their areas.

Miami-based The Comras Company and Miami-based CIM Group, a partner in Miami Worldcenter, are in charge of retail leasing there. Owner, operator, lender, and developer of real estate and infrastructure with an emphasis on the community is CIM Group. Leading boutique real estate company The Comras Company offers retail leasing, asset sales, consultancy, and development advice services in South Florida.
Shaul Kuba, Co-Founder and Principal, CIM Group, said: "Retailers and restauranteurs are selective in their choice of new locations. We view the strong leasing activity, and ongoing interest, from a variety of top-quality businesses, as a testament to the compelling destination we are creating with Miami Worldcenter.

Three finished residential towers—the PARAMOUNT Miami Worldcenter, Caoba, and Bezel Miami—can now be seen at Miami Worldcenter. The 351-room citizenM hotel is fully finished with construction and is scheduled to debut at Miami Worldcenter in the first quarter of 2023. In addition, work is being done on phase one of the 52-story Miami World Towers, which will include 550 apartment units, Legacy Hotel & Residences, a mixed-use building with 310 branded residences atop a hotel and 50,000 square feet of medical office space, and Caoba's second phase, which will include a nearby 40-story tower with 420 apartments.