Happy Friday, Miami!

In this week’s update:

🌏 Miami Worldcenter officially opens—ushering in a new downtown era: Miami Worldcenter, the $6 billion “city within a city,” is officially open with retail, dining, residences, and public spaces now welcoming locals and visitors to downtown Miami’s newest vibrant neighborhood.

🔑 Central Fare food collective set to open at MiamiCentral in mid-June 2025: Central Fare, a new food collective featuring 12 chef-driven concepts, will open mid-June at MiamiCentral in downtown Miami. The culinary hub aims to showcase Miami’s diverse flavors with options from grab-and-go to formal dining, plus private event space, creating a vibrant gathering spot for residents, workers, and visitors.

🐠 Miami Beach to create new marine science education center and museum: Miami Beach officials have approved plans to transform a recently purchased property on Collins Avenue into a marine science education center and museum. The city is seeking a university partner to renovate and manage the new facility, aiming to boost local science education and tourism.

In case you missed it

🎥 What Makes Miami So Magnetic (and Why That Matters)

In this video, I will discuss Miami and what makes the city so magnetic (and why that matters in 2025!).

🌎 Miami Worldcenter Officially Opens Downtown with Retail, Dining

Driving the news: Miami Worldcenter, the massive $6 billion mixed-use development in downtown Miami, celebrated its grand opening last week with a block party featuring Flo Rida, Nicky Jam, and other live acts. The project is now officially open and ready to transform the city’s urban landscape.

Details:

• Spanning 27 acres between Biscayne Boulevard and I-95, Miami Worldcenter is a “city within a city.”

• It features 16 towers with residential, retail, commercial, and hospitality spaces.

• Public spaces total 100,000 square feet; retail alone covers 300,000 square feet.

• Popular retail anchors include Apple, Sephora, Lululemon, Lucid Motors, Free People, Savage X Fenty, and The Container Store.

• Dining options currently open include Maple & Ash, Sweet Paris Crêperie & Café, Chug’s Express, and Go Greek Yogurt.

• Some residences have been available since 2019, with more coming online as the project continues to grow.

Why it matters: This development marks one of the largest urban projects in the U.S., delivering a dynamic new core for Miami. It promises to attract residents, businesses, and visitors with its mix of amenities and entertainment, boosting downtown’s economy and vibrancy.

The big picture: Miami Worldcenter joins the ranks of transformative developments reshaping major U.S. cities, blending living, working, shopping, and leisure in one walkable, connected district.

What’s next: As more towers and retail spaces open, the district will continue evolving, with additional residential units and amenities expected to debut in the coming years.

The bottom line: Miami Worldcenter is now a fully operational urban hub, setting the stage for a lively new chapter in Miami’s downtown growth story.

Real Estate Insights

What to do this weekend

🩱 PARAISO Miami Swim Week

PARAISO Miami Beach, the official Miami Swim Week, returns for its 21st edition with exclusive runway shows, brand activations, pop-ups and after-parties from May 28th through June 1st.
📍 Location: The Ritz Carlton South Beach, 1 Lincoln Rd, Miami Beach
🗓️ Date & Time: May 28 to June 1 | 8am to 9pm
🎟️ Tickets: Prices may vary
🔗 More Info

🍣 Signature Omakase Experience

Discover the refined art of Edomae sushi in a hidden culinary sanctuary within Miami Beach. The Signature Omakase Experience at The Den at Azabu Miami Beach offers an authentic journey through 22-23 meticulously crafted courses, including 12 pieces of traditional Tokyo-style sushi.
📍 Location: The Den at Azabu Miami Beach, 161 Ocean Drive, Miami Beach
🗓️ Date & Time: Through May 31 | 6:30pm to 9pm
🎟️ Tickets: Starting at $300
🔗 More Info

🎬 Third Horizon Film Festival

Discover bold cinema and global perspectives from the Caribbean and its diaspora during four days of films, conversations and cultural programming at this year’s Third Horizon Film Festival.
📍 Location: The Koubek Center, 2705 SW 3rd St., Miami
🗓️ Date & Time: May 29 to June 1 | Check schedule for screenings
🎟️ Tickets: $80 - $280
🔗 More Info

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Have a great weekend!!

-Joe