CIM Group and Park West Ventures have sold the retail component of Miami Worldcenter for $210 million. Miami Worldcenter is a newly constructed urban lifestyle center located at Downtown Miami’s mixed-use district.
Newmark’s Conor Lalor acted as advisor to CIM Group, while Eric Williams represented the seller, a joint venture led by CIM Group and Park West Ventures, the master developer of the $6 billion Miami Worldcenter project, along with Adam Spies. The buyer is a joint venture between the Falcone Group, ROK Acquisitions, The Davis Companies and Jamestown.
Completed in 2024, the property’s retail component comprises approximately 272,966 square feet of upscale retail within the development, which, upon completion, will include approximately 12,000 residential units, more than 600,000 square feet of office space and 850 hotel rooms.Â
Anchored by a flagship Apple store, Miami Worldcenter features a roster of national and international retailers including Club Studio, Maple & Ash, Ray-Ban, Sephora, Lululemon, Lucky Strike and Museum of Ice Cream, among others.
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