Merrimac Ventures and Aria Development Group have celebrated a significant construction milestone, topping out the 32-story 600 Miami Worldcenter condominium tower. This fully sold-out project, located in the heart of downtown Miami, is on track for completion in 2026, adding to the city’s rapidly expanding residential landscape.
Key Takeaways
- The 32-story 600 Miami Worldcenter is fully sold out and scheduled for completion in 2026.
- The development secured a $95 million construction loan last year.
- It features 606 turn-key residences with studio, one-, and two-bedroom layouts.
- The tower is part of the massive Miami Worldcenter mixed-use development.
Project Details
The joint venture between Merrimac Ventures and Aria Development Group has officially topped out 600 Miami Worldcenter, a 32-story condominium tower located at 600 NE First Ave. The project, which is already fully sold out, is slated for completion in 2026. Last year, the partnership secured a $95 million construction loan for the development, with Banco Inbursa issuing the note.
The high-rise will house 606 turn-key residences, offering studio, one-, and two-bedroom layouts. These units range from 407 to 830 square feet, with initial prices starting in the $400,000s. Notably, the residences will not be subject to rental restrictions. Residents will have access to a suite of shared amenities, including a rooftop pool and lounge, a fitness center, a coworking suite, a summer kitchen, a 24-hour attended lobby, and bike storage. Revuelta Architecture was responsible for the building’s design, while The Design Agency handled the interior plans. Sales for the development were managed by OneWorld Properties.
Part of a Larger Vision
600 Miami Worldcenter is an integral component of the expansive Miami Worldcenter, a $6 billion master-planned community in downtown Miami. This megadevelopment, the second-largest urban development in the United States after Manhattan’s Hudson Yards, spans 10 city blocks and integrates residential, hospitality, retail, dining, and entertainment venues. The 27-acre development benefits from its proximity to Miami Central station and major expressways like I-395 and I-95.
Merrimac Ventures has a significant presence within Miami Worldcenter, with other condominium projects like the 450-unit Crosby and the 40-story, 466-unit Flow House also under construction and expected to be completed this year. Upon the completion of 600 Miami Worldcenter, the mixed-use district will boast over 1,500 residential units.
Downtown Miami’s Residential Boom
The topping out of 600 Miami Worldcenter occurs amidst a surge of new luxury condominium developments in downtown Miami. Earlier this month, Grupo T&C received approval for Edge House Miami, a 56-story, 608-unit project. Additionally, Terra and JDS Development Group, in partnership with investors Rafi Gibly and Gianluca Vacchi, secured financing for a new luxury community on the site of the former Bay Garden Manor condo tower.