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600-Unit Miami Condo Project Sells Out Two Years Before Completion – Connect CRE

by | Mar 13, 2024 | 0 comments

Construction is not expected to be completed until 2026, but 600 Miami Worldcenter, a 606-unit, 32-story condominium, is sold out. A joint venture between Merrimac Ventures and Aria Development Group just broke ground on 600 Miami Worldcenter, set within Downtown Miami’s Miami Worldcenter 27-acre mixed-use development. The furnished units will have no restrictions on short-term rentals. A $95 million construction loan from Banco Inbursa was secured to help fund the sold-out tower’s development at 600 NE 1st Avenue. Construction is expected to be completed in 2026.

Residences will range from 407-square-foot studios to 830-square-foot two-bedroom units, with prices starting in the $400,000s. 

As the second largest urban development in the U.S. after Hudson Yards, the Miami Worldcenter features a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 square feet of retail, restaurant, and entertainment space.

Designed by Revuelta Architecture, 600 Miami Worldcenter will boast luxury amenities, including a rooftop swimming pool and a fitness center.

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