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Miami Worldcenter 95% leased after Santander Bank, Apple secure space

May 10, 2024 | South Florida Business Journal

MWC Jewel Box

About 300,000 square feet of retail at Miami Worldcenter is now 95% leased after Santander Bank, Apple and several other retailers inked leases in buildings within the 27-acre downtown area development.

Santander Bank is slated to open a 4,000-square-foot branch in the Jewel Box Building at 150 N.E. 8th St., Unit No. F-145 in early 2025. A U.S. subsidiary of Madrid-based Banco Santander, S.A, (NYSE: SAN) the company has $102 billion in assets. Banco Santander also recently submitted plans to build a 40-story office tower in Brickell called Santander Tower.

Apple (Nasdaq: AAPL) will lease a 15,000-square-foot building now being built at 725 N.E. First Ave. Although never confirmed by Apple or Miami Worldcenter, the lease deal was reported by the Commercial Observer in March. Online records also name Apple as a tenant.

Slated to open in the 851 N.E. Second Ave. building in late 2024 is Free People and The Spot Barbershop. Free People, a Philadelphia-based women’s clothing and apparel retailer, will move into a 3,000-square-foot space. The Spot Barbership, which has 25 locations across Florida, will occupy 1,700 square feet.

The tenants will join a slew of retailers, restaurants, and bars that have either secured space or opened in Miami Worldcenter properties controlled by developers Art Falcone and Nitin Motwani and Los Angeles-based CIM Group. They include:

Juvia, a restaurant that was popular in South Beach before it was evicted from its Lincoln Road rooftop space. Owned by restauranteur Jonas Millan, Juvia is slated to open in a 8,769-square-foot space with a 7,100-square-foot outdoor patio on the 12th floor of Miami Worldcenter’s Block H building at 652 N.E. Ave. at the end of the year.
Villa One Tequila Gardens, a 12,294-square-foot rooftop restaurant and bar, owned by singer Nick Jonas and menswear designer John Varvatos, which will open on the roof of The Jewel Box building next year.
Lucky Strike, a high-end 30,000-square-foot bowling alley that has been operating in The Jewel Box since March.
Club Studio, a fitness concept chain operated by California-based Fitness International, which will open in a 35,363-square-foot space at 850 N.E. 2nd Ave. sometime
Maple & Ash, a Chicago steakhouse that is slated to open in a 15,000-square-foot space in Miami Worldcenter’s 7th Street Promenade next year.
The Container Store, a home goods chain, is slated to open a 15,681-square-foot store at 850 N.E. 2nd Ave. by the end of the year.
Museum of Ice Cream, a 14,000-square-foot museum for creamy cold desserts, will open sometime this year at 851 N.E. 1st Ave.
Sweet Paris Creperie & Cafe, a Houston-based French-inspired cafe, will open a 2,330-square-foot spot at 851 N.E 1st Ave.
Sixty Vines, a restaurant chain slated to open an 8,672-square-foot chain in The Jewel Box later this year.
Serafina, a New York-based Italian restaurant chain that will open an 8,672-square-foot space at 652 N.E. 1st Ave.
BurgerFi and Anthony’s Coal Fired Pizza & Wings, a dual concept restaurant that will open in a 3,835-square-foot spot at 851 N.E. 1st Ave.
Earls Kitchen + Bar, a Canadian restaurant chain that will open an 8,400-square-foot restaurant in The Jewel Box.

In addition, Michelin-star-rated chef Michael Beltran operates Brasserie Laurel, Chug’s Express and El Vecino Cigar & Cocktail Bar in Miami Worldcenter. And Lucid Motors has opened a luxury electric vehicle showroom and service center.

Miami Worldcenter is a 27-acre community masterplanned by Falcone, Motwani, and CIM. After obtaining the zoning needed to build mixed-use high-rises in Park West, the Miami Worldcenter partners either sold off tracts of land to other developers or built their own projects.

Among the buildings under construction or competed in Miami Worldcenter are the ciitzenM Miami Worldcenter Hotel, Paramount Miami, Caoba, Bezel Miami, Miami World Tower 1, Legacy Hotel & Residences, Caoba II, The Crosby, 600 Miami Worldcenter, and JEM Private Residences.

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