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Miami Worldcenter Locks Up 90,000 SF Of Retail Space In 90 Days

The $4 billion, 27-acre mixed-use development Miami Worldcenter in Downtown Miami has signed leases accounting for 90,000 square feet of retail space within the last 90 days:

*Sephora is taking 6,000 square feet along Miami Worldcenter’s 7th Street Promenade fronting the development’s World Square Plaza.

*Lucid Motors is taking nearly 23,000 square feet along Miami Worldcenter’s 1st Avenue and 10th Street.

*Bowlero, a retro-inspired entertainment center, will occupy more than 31,000 square feet within the development’s glass-encased ‘Jewel Box’ retail building overlooking World Square Plaza.

Miami Worldcenter’s newest tenants will occupy a total of 60,000 square feet of retail space, joining restaurants Chicago’s Maple & Ash and etta, and Chef Michael Beltran’s Brasserie Laurel and El Vecino.

Retail leasing at Miami Worldcenter is led by CIM Group and The Comras Company. CIM Group and Comras represented the landlord all three transactions while the Comras team represented Sephora and Bowlero on the tenant side.

 

Source:  ConnectCRE

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Moishe Mana Adds To His Allapattah Holdings, Plans E-Commerce Logistics Center

Mana paid $6.2 million for a development site at 634 Northwest 22nd Street in Allapattah, where he could build an e-commerce logistics center.

Mana, downtown Miami’s biggest private landowner and a major investor in nearby Wynwood, purchased the property as he sells off his assets around the world, according to a statement provided by his firm, Mana Common. He is using the funds to invest in Miami, the statement says.

The Allapattah purchase, a roughly 1.4-acre assemblage, has been in the works for nearly two years, including a period in which it fell apart during the pandemic, said listing broker Carlos Fausto Miranda of Fausto Commercial.

An eight-story building with signage fronting I-95 can be built on the industrial site.

Property records show a company led by Javier Lumbreras, a Spanish financier and arts collector, sold the assemblage.

In Allapattah, Mana’s holdings include the former McArthur Dairy site at 2451 Northwest Seventh Avenue. The site is zoned T6-8-0, which allows for 150 units per acre.

 

Source:  The Real Deal

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