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(Photo courtesy Miami Worldcenter Associates)
On the heels of Miami Worldcenter’s latest announcements unveiling a slew of food and beverage concepts set to open at the $6 billion Downtown Miami development this year, its ownership group has now signed a lease with Starbucks, the world’s largest coffeehouse chain.
Set to open in 2024, the coffee shop giant will occupy 2,824 square feet of space on the ground floor of the 27-acre mixed use development’s “Jewel Box” retail building at 150 NE Eighth St., which also will be home to other recently announced dining and entertainment concepts including Earls Kitchen + Bar, Sports & Social, Sixty Vines and Bowlero.
As one of the largest privately owned and developed urban real estate developments in Florida, Miami Worldcenter, which currently is coming alive in phases, features a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. More than 90 percent of the development’s retail space was leased as of December 2023.
Starbucks will join a growing roster of newly opened retail tenants at Miami Worldcenter, including three new food and beverage options by Ariete Hospitality Group’s Michelin-star-rated Chef Michael Beltran, Brasserie Laurel, Chug’s Express, and El Vecino Cigar & Cocktail Bar; national retail brands lululemon, Sephora, and Ray-Ban; the affordable luxury citizenM Miami Worldcenter hotel, and a Lucid Motors luxury electric vehicle showroom and service center.
Announced tenants set to open during the next year feature an exceptional lineup of restaurants including local favorite JUVIA, Chicago’s Maple & Ash, Serafina, Sweet Paris Creperie & Café, Earls Kitchen + Bar, Sixty Vines, and a dual-concept location for BurgerFi/Anthony’s Coal Fired Pizza & Wings, along with dining and entertainment concepts Sports & Social and Bowlero; a permanent location for the world-famous Museum of Ice Cream, plus other nationally recognized favorites including The Container Store, Club Studio, Savage X Fenty, and Posman Books.
Miami Worldcenter is being developed by master developers Miami Worldcenter Associates, led by managing partners Art Falcone and Nitin Motwani, in partnership with CIM Group.
“As we near the lease-up of Miami Worldcenter’s retail space, choosing which concepts we bring in has become even more selective as brands of all kinds increasingly wanting to have a presence in Downtown Miami,” Motwani said. “We are very excited to have a popular, fan favorite brand like Starbucks coming to our city within a city.”
Retail leasing at Miami Worldcenter is led by CIM Group, a partner in Miami Worldcenter, and Miami-based The Comras Company. CIM Group is a community-focused real estate and infrastructure owner, operator, lender, and developer. The Comras Company is a leading, boutique real estate firm providing retail leasing, asset sales, consulting, and development advisory services throughout South Florida.
“As we have been advancing leasing at Miami Worldcenter, we have explored retailers and restaurateurs from across the country in order to create a collection of national brands, such as Starbucks, as well as smaller boutique businesses and chef-led restaurant concepts. We have secured an intriguing array that sets the property apart in the Miami area,” said Shaul Kuba, co-founder and principal, CIM Group.
Miami Worldcenter occupies 10 city blocks within walking distance of Museum Park, home to Pérez Art Museum Miami and the Frost Museum of Science; newly renamed home of the Miami Heat, the Kaseya Center; Adrienne Arsht Center for the Performing Arts, and Miami Dade College’s Wolfson Campus. It is also adjacent to Brightline’s MiamiCentral Station, which offers direct train service from Downtown Miami to Aventura, Fort Lauderdale, Boca Raton, West Palm Beach and Orlando, together with access to Tri-Rail, the Metromover, and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.
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