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Transactions - AUGUST 27, 2021

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$4b Miami mega project breaks ground on retail building element

by Andrea Zander

CIM Group and Miami Worldcenter Associates have broken ground on the Jewel Box building, one of the last retail components part of the $4 billion Miami Worldcenter project, reported South Florida Business Journal.

The two-story building will total 78,000 square feet of retail space. The property also will include a rooftop overlooking the development’s World Square, a 20,000-square-foot public plaza and park.

It is scheduled to be completed during second quarter 2022.

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