Artificial Intelligence
Builders Company
Developers/Miami Worldcenter
MW
Miami WorldcenterMiami, United States · founded 2012 · 1 active markets
PRIVATE

Miami Worldcenter develops and operates a large, mixed-use downtown Miami district combining residential towers, hospitality, retail, dining, entertainment, public spaces and offices. Its master-development model coordinates partners and sells or supports buildable sites for urban residents, visitors and tourists alike.

Years in business
14
founded 2012
LinkedIn headcount
7
employees, as shown on LinkedIn · size band 11–50
Portfolio value
USD 6 billion development value
May 27, 2025
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
MIAMI WORLDCENTER ASSOCIATES, LLC1
Headquarters
652 NE 2nd Ave1, Miami1, United States
Founded
20121
Entity type
PRIVATE1
Business model
mixed use1, masterplan1, commercial1, offplan for sale1
Markets
1 market listed
What they build
Residential, for sale (2 of 4) · Retail (2 of 4) · Other (1 of 4)
Full dossier in About →

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+20.0 mo
the middle of 2 scored projects
Average delay
+20.0 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+28.0 mo
Miami Worldcenter Retail and Public-Space District · +25.0 to +31.0
0
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

4 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (2 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
6.7/ 10
Fabric, services, waterproofing, envelope · from 2 of 4 rated buildings
Management & living
7.8/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

4 rated here · 261 developers, 1351 rated buildings in United States
Overall rating
Miami Worldcenter · 261 other developers in United States
8.0 vs 7.8
this developer 0.2 better
The weighted verdict on each side. From 4 of 4 rated buildings here and 1351 in the market.
Structure & systems
Miami Worldcenter · 261 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (2 of 4)
Fabric and engineering only — fixed at handover. From 2 of 4 rated buildings here and 570 in the market.
Management & living
Miami Worldcenter · 261 other developers in United States
7.8 vs 7.4
this developer 0.4 better
Upkeep and response — belongs to whoever runs the building now. From 4 of 4 rated buildings here and 1300 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

  • PROJECT AWARD Winner 2020–2021 competition; presented November 10, 2020
    International Property Awards — Residential High-Rise Development, Florida · PARAMOUNT Miami Worldcenter
    PARAMOUNT Miami Worldcenter won the Florida residential high-rise development category; the project was developed under the leadership of Miami Worldcenter Associates.
  • PROJECT AWARD Winner 2020–2021 competition
    International Property Awards — Project of the Year · Miami Worldcenter
    The Miami Worldcenter project page identifies Miami Worldcenter Associates as client and records a Project of the Year win for the development.
  • SUSTAINABILITY Certified December 8, 2020
    LEED for Neighborhood Development Silver pre-certification · Miami Worldcenter
    Miami Worldcenter earned LEED for Neighborhood Development Silver pre-certification, recognizing its neighborhood-scale sustainability and smart-growth planning; this was a pre-certification, not evidence of final certification.
  • 2 more in Awards
All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Foreclosure suit filed in July 2025; bond deadline missed September 22, 2025 and reported October 1, 2025 Legacy MWC Trustee and Legacy MWC Land Trust, project entities associated with Royal Palm Companies’ Legacy Hotel & Residences at Miami Worldcenter, faced a foreclosure lawsuit by lender affiliate Legacy Lender Holdings/Monarch alleging approximately $31.9 million in unpaid debt; a court-approved resolution required a $32 million surety bond and payment of more than $35 million, but the developer entities reportedly missed the September 22, 2025 bond deadline, leaving the foreclosure dispute unresolved in the latest retrieved report.
  • DELIVERY DELAY Construction halted March 2024; reported July 30, 2024 Construction of Royal Palm Companies’ Legacy Hotel & Residences at Miami Worldcenter halted in March 2024 after incorrectly placed plumbing and electrical penetrations were discovered; work had stopped at the 16th floor, the project was previously expected to be delivered in 2024, and about two dozen liens for unpaid work had been filed, while the developer said it hoped to restart within two to three months.
  • DELIVERY DELAY 2025-10-01 publication; reported construction hold since 2024, prior expected completion in 2024, and missed September 22, 2025 bond deadline (status assessed as of 2026-10-14) Legacy Hotel & Residences at Miami Worldcenter, developed by Dan Kodsi’s Royal Palm Companies, remained unfinished and on hold after construction halted in March 2024; it had been expected to be completed in 2024, and the developer’s LLCs missed a court-approved September 22, 2025 surety-bond deadline amid Monarch Alternative Capital’s foreclosure litigation.
  • 1 more in Risk & Sources
Record status
active
Company sources
91 source entries across 91 fields
Projects tracked
4 · 4 completed in assessment
All flags and sources →

Track Record

Delivery record

2 date-assessed of 4 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
4
within the rolling ten-year window
Median delay
+20.0 mo
the middle of 2 scored projects
Average delay
+20.0 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+28.0 mo
Miami Worldcenter Retail and Public-Space District · +25.0 to +31.0
0
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.

Construction start to handover

4 of 4 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Miami, United States
20142015201620172018201920202021202220232024202520262027todayMIAMI, UNITED STATES+4 moestimated+28 moverified+3 moestimated+12 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

Building & Livability Ratings

Resident experience

4 of 4 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 4 of 4 rated buildings
Little structure evidence (2 of 4 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
6.7/ 10
Fabric, services, waterproofing, envelope · from 2 of 4 rated buildings
Management & living
7.8/ 10
Upkeep, response times, amenities, community · from 4 of 4 rated buildings

Against other developers

4 rated here · 261 developers, 1351 rated buildings in United States
Overall rating
Miami Worldcenter · 261 other developers in United States
8.0 vs 7.8
this developer 0.2 better
The weighted verdict on each side. From 4 of 4 rated buildings here and 1351 in the market.
Structure & systems
Miami Worldcenter · 261 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (2 of 4)
Fabric and engineering only — fixed at handover. From 2 of 4 rated buildings here and 570 in the market.
Management & living
Miami Worldcenter · 261 other developers in United States
7.8 vs 7.4
this developer 0.4 better
Upkeep and response — belongs to whoever runs the building now. From 4 of 4 rated buildings here and 1300 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

4 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Flow HouseMiami Worldcenter, Miami466 units
9.7/ 10
—/ 10
9.7/ 10

Google Reviews/Maps provides the only building-specific aggregate located: 4.8/5 from 16 reviews, which converts to 9.4 on the requested market curve and sets the level. The visible building-specific written feedback is strongly positive about staff, amenities, events, community and location, while the only negative is a single minor shower-pressure comment; the larger Point2Homes set is management-company-wide and excluded.

− Low shower pressure (single report)
+ Friendly staff+ Helpful resident support+ Strong amenities+ Pool and events+ Prime location and community

The published reviews contain no recurring report about the structure, HVAC, electrical systems, leaks or waterproofing. One 5/5 review said the only issue was that the shower “doesn’t really have a lot of pressure”; this is a single minor plumbing-related observation, not evidence of a building-wide failure.

Residents and guests writing about the building praised the staff—“Adrian was a God send”—and described “incredible amenities” with “the people” and location as major strengths. Another review said the pool was “awesome” and that there were “Lots of events”; the only operational complaint visible was low shower pressure in an otherwise 5/5 review.

Miami Worldcenter Retail and Public-Space DistrictMiami Worldcenter, Miami
7.8/ 10
—/ 10
7.8/ 10

The district listing’s 4.2/5 aggregate from 69 reviews sets the level, converting to 7.6/10 under the requested curve. The visible written feedback is positive and repeatedly praises the district’s appearance, upkeep and variety, supporting a modest upward adjustment; the evidence concerns a retail/public-space district and does not establish residential structural performance.

+ Well-maintained areas+ Modern vibe+ Diverse destination+ Upscale shops and restaurants
− High-frequency noise deterrents− Parking can be costly

no notes returned

no links returned

The published district reviews are broadly favorable: one reviewer said the plaza and shopping area were “excellent,” while another described the shops as attractive and the areas as well maintained. Independent local coverage also describes “lush landscaping” and vibrant walkways, but another review summary flags high-frequency noise deterrents and pricey parking; these are visitor-experience observations rather than evidence of residential management quality.

PARAMOUNT Miami WorldcenterMiami Worldcenter, Miami569 units
7.3/ 10
6.6/ 10
Brickell & Downtown Miami Living 3.9/5 · 9 reviews · brickelldowntownliving.com
Brickell & Downtown Miami Living publishes 3.9/5 from 9 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.6.
6.6/ 10
Brickell & Downtown Miami Living 3.9/5 · 9 reviews · brickelldowntownliving.com
Brickell & Downtown Miami Living publishes 3.9/5 from 9 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.6.

Google Reviews/Maps supplies the anchor at 4.1/5 from 288 reviews, which converts to 7.3/10 under the specified curve. The smaller Brickell & Downtown Miami Living aggregate is directionally lower but has only nine reviews; the reported commentary is mixed, with substantial praise and serious operational/security complaints, so no material net adjustment was made. No separately publishable structural rating or physical-condition evidence was found.

+ Extensive amenities+ Professional and friendly staff+ Clean common areas+ Welcoming community+ Convenient location
− Management responsiveness complaints− Security-response concerns− Valet handling complaint− Rude staff reported− Pet cleanliness issue

no notes returned

no links returned

Residents describe the daily experience as amenity-rich and generally well maintained: one called it “a private resort,” while another praised “professional, attentive, and friendly” staff and responsive management. Negative feedback is concentrated in operations and safety response, including a reviewer who said management was “super awful” over a valet incident and another who described management’s handling of an alleged assault as “unforgivable.”

Caoba Miami Worldcenter (first tower)Miami Worldcenter, Miami444 units
7.0/ 10
6.8/ 10
RentCafe 4/5 · 45 reviews · rentcafe.com
RentCafe publishes 4/5 from 45 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 6.8.
7.2/ 10
RentCafe 4.5/5, 4/5, 3.5/5, 4.5/5, 3.5/5 · 45 reviews · rentcafe.com
VeryApt 4/10, 7/10, 4/10, 5/10, 7/10 · 1 review · veryapt.com
Tripadvisor 5/5, 5/5, 4/5 · 25 reviews · tripadvisor.com
Combined from 13 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.2.

RentCafe supplies the largest qualifying resident review base, with 4.0/5 from 45 reviews, converting to 7.0 before commentary. Repeated elevator, maintenance and management complaints outweigh the recurring praise within the permitted commentary adjustment, producing 6.0 overall; the same reported systems evidence supports 6.0 for structure and the operational evidence supports 6.0 for living.

+ Modern apartments+ Clean building+ Well-kept appliances reported by guests+ Well-designed amenities+ Good views
− Recurring elevator outages− Repeated refrigerator and dishwasher failures− Construction noise and dust− Reported power outages− Unresolved freezer and ice-maker problem
+ Friendly staff+ Responsive leasing team+ Clean common areas+ Gym and pool praised+ Convenient downtown location
− Elevator disruption affects daily life− Payment and deposit issues− Lost packages reported− Management follow-through complaints− High fees and value concerns

Structural and systems feedback is mixed. Positive reviews call the building “beautiful, clean, modern,” while negative reports describe elevators “down 24/7,” a refrigerator breaking “over 10 times,” and construction-related “power outages and dust”; Tripadvisor also records a freezer and ice-maker that kept generating noise after housekeeping did not arrive.

Day-to-day reviews often praise the staff and amenities: residents describe the team as “very friendly and quick to respond,” and another says the gym and resort pool are “shutterbug worthy.” The negative experience is operationally significant, however, with reports of elevators being “down 24/7,” a misplaced $3,900 deposit, lost packages and recurring online-payment problems.

Only buildings that have reached handover are rated. 0 of 4 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
MIAMI WORLDCENTER ASSOCIATES, LLC
Headquarters
652 NE 2nd Ave, Miami, United States
Park West · 33132
Founded
2012
Entity type
PRIVATE
Revenue
USD 5.74 million annual revenue
Business model
mixed use, masterplan, commercial, offplan for sale

Partners

8 partners
CIM Group
joint venture

CIM Group joined Art Falcone and Nitin Motwani as a partner and the parties are the master developers of Miami Worldcenter.

Falcone Group
joint venture

Miami Worldcenter Associates was described as a partnership between Falcone Group and Centurion Partners.

Centurion Partners
joint venture

Centurion Partners was described as one of the two original partners of Miami Worldcenter Associates.

CoastalTishman
contractor

CoastalTishman was appointed general contractor for the retail component and Paramount Miami Worldcenter.

Southeast Overtown/Park West Community Redevelopment Agency
government partner

The CRA partnered with Miami Worldcenter and Coastal-Tishman on construction-trade training and local employment opportunities.

Miami Dade College
government partner

Miami Dade College partnered with Miami Worldcenter, CoastalTishman and the CRA through the TRAMCON construction-training program.

The Forbes Company
partner

The Forbes Company collaborated with Miami Worldcenter Associates on the High Street retail component.

Taubman
partner

Taubman collaborated with Miami Worldcenter Associates on the High Street retail component.

Sources: partners

COMPANY2025-05-27

CIM Group and Partners Announce the Grand Opening of Miami Worldcenter, 27-acre $6 Billion Mixed-use Development in the Heart of Downtown Miami

CIM Group
The approximately $6 billion Miami Worldcenter project features a mix of residential, retail, commercial and hospitality uses developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.
value seen: CIM Group
https://www.cimgroup.com/press-releases/cim-group-and-partners-announce-the-grand-opening-of-miami-worldcenter-27-acre-6-billion-mixed-use-development-in-the-heart-of-downtown-miami

Sources: partners

COMPANY2011-11-01

CIM GROUP INVESTS IN MIAMI WORLDCENTER Investment Recapitalizes Large Downtown Miami Development Site

Miami Worldcenter
Miami Worldcenter Associates is a partnership between South Florida-based Falcone Group and Centurion Partners.
value seen: Falcone Group
https://miamiworldcenter.com/wp-content/uploads/2020/09/Miami-Worldcenter-and-CIM-Partnership_Final-1.pdf

Sources: partners

COMPANY2011-11-01

CIM GROUP INVESTS IN MIAMI WORLDCENTER Investment Recapitalizes Large Downtown Miami Development Site

Miami Worldcenter
Miami Worldcenter Associates is a partnership between South Florida-based Falcone Group and Centurion Partners.
value seen: Centurion Partners
https://miamiworldcenter.com/wp-content/uploads/2020/09/Miami-Worldcenter-and-CIM-Partnership_Final-1.pdf

Sources: partners

PRESS2016-02-24

Miami Worldcenter General Contractor | Worldcenter Progress

The Real Deal
The developers of Miami Worldcenter have just announced CoastalTishman as the general contractor on the eve of the project’s official groundbreaking.
value seen: CoastalTishman
https://therealdeal.com/miami/2016/02/24/miami-worldcenter-names-general-contractor/

Sources: partners

REGULATOR2016-11-28

THE MIAMI WORLD CENTER PROJECT BRINGS NEW EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES TO OVERTOWN RESIDENTS

SEOPW CRA
The program was brought to the community by the Southeast Overtown / Park West Community Redevelopment Agency (CRA) in partnership with Coastal-Tishman, The Development Firm, and the Miami Worldcenter.
value seen: Southeast Overtown / Park West Community Redevelopment Agency
https://www.seopwcra.com/press/the-miami-world-center-project-brings-new-educational-and-employment-opportunities-to-overtown-residents

Sources: partners

OTHER2016-06-15

Miami Dade College Partners with Miami Worldcenter to Educate and Employ Students

Miami Dade College · carried by news.mdc.edu
Miami Dade College (MDC), as part of the Florida Training for Manufactured Construction (TRAMCON) Program, will partner with CoastalTishman, Miami Worldcenter, The Development Firm, and the Southeast Overtown/Park West Community Redevelopment Agency (CRA) to bring a special educational opportunity to the residents of the Overtown/Liberty City area in the construction trade industry.
value seen: Miami Dade College
https://news.mdc.edu/pressrelease/miami-dade-college-partners-with-miami-worldcenter-to-educate-and-employ-students/

Sources: partners

COMPANY2016-03-03

Miami Worldcenter and PARAMOUNT Miami Worldcenter

Miami Worldcenter
The “High Street” retail model ... will be developed in collaboration with The Forbes Company and Taubman.
value seen: The Forbes Company
https://miamiworldcenter.com/wp-content/uploads/2020/09/2.29.16-Press-Release.-PARAMOUNT-MWC-Groundbreaking-Press-Release-FINAL-1.pdf

Sources: partners

COMPANY2016-03-03

Miami Worldcenter and PARAMOUNT Miami Worldcenter

Miami Worldcenter
The “High Street” retail model ... will be developed in collaboration with The Forbes Company and Taubman.
value seen: Taubman
https://miamiworldcenter.com/wp-content/uploads/2020/09/2.29.16-Press-Release.-PARAMOUNT-MWC-Groundbreaking-Press-Release-FINAL-1.pdf

Registrations & licences

COMPANY NUMBERL12000046528
Florida Department of State, Division of Corporations · US · Active
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 4 projects tracked

What they build

4 types
Residential, for sale2 of 4
Retail2 of 4
Other1 of 4
Residential, for rent1 of 4
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

3 names found
AF
Art Falcone
Art Falcone is a founding partner and managing partner of Miami Worldcenter Associates, the master-development group behind Miami Worldcenter, working with Nitin Motwani and CIM Group. He is also founder and CEO of Falcone Group and has a long track record in large-scale real-estate development and operations.
Current title
Managing Partner, Miami Worldcenter Associates
Experience
35+ years real estate
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
FounderManaging PartnerCEO, Falcone Group
The coming to life of Miami Worldcenter has been a two-decade journey that began with the belief that Downtown Miami was poised to become a true global destination. PROFILEmiami https://profilemiami.com/miamirealestate/2026/4/8/miami-worldcenter-associates-sells-developments-retail-and-entertainment-district-to-falcone-group-and-partners-for-210-million

Sources: full name

PRESSdate not shown in source

CIM Group and Partners Announce the Grand Opening of Miami Worldcenter, 27-acre $6 Billion Mixed-use Development in the Heart of Downtown Miami

CIM Group
The approximately $6 billion Miami Worldcenter project features a mix of residential, retail, commercial and hospitality uses developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.
value seen: Art Falcone
https://www.cimgroup.com/press-releases/cim-group-and-partners-announce-the-grand-opening-of-miami-worldcenter-27-acre-6-billion-mixed-use-development-in-the-heart-of-downtown-miami

Sources: quote

PRESSdate not shown in source

Miami Worldcenter Associates Sells Development's Retail and Entertainment District to Falcone Group and Partners For $210 Million

PROFILEmiami
The coming to life of Miami Worldcenter has been a two-decade journey that began with the belief that Downtown Miami was poised to become a true global destination.
value seen: The coming to life of Miami Worldcenter has been a two-decade journey that began with the belief that Downtown Miami was poised to become a true global destination.
https://profilemiami.com/miamirealestate/2026/4/8/miami-worldcenter-associates-sells-developments-retail-and-entertainment-district-to-falcone-group-and-partners-for-210-million

Sources: quote

PRESSdate not shown in source

Downtown Miami retail space and plaza open in nation's second-largest project of its kind

CoStar News
“We do have a well-renowned brand that is committed to coming to Block C,” Falcone said, referring to one of the area’s few remaining undeveloped lots.
value seen: We do have a well-renowned brand that is committed to coming to Block C.
https://www.costar.com/article/676784510/downtown-miami-retail-space-and-plaza-open-in-nations-second-largest-project-of-its-kind

Sources: role type

PRESSdate not shown in source

Miami Worldcenter Associates Sells Development's Retail and Entertainment District to Falcone Group and Partners For $210 Million

PROFILEmiami
said Falcone Group CEO and Miami Worldcenter Associates Founding Partner Art Falcone.
value seen: founding partner and managing partner of Miami Worldcenter Associates
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://profilemiami.com/miamirealestate/2026/4/8/miami-worldcenter-associates-sells-developments-retail-and-entertainment-district-to-falcone-group-and-partners-for-210-million

Sources: summary

PRESSdate not shown in source

Miami Worldcenter Associates Sells Development's Retail and Entertainment District to Falcone Group and Partners For $210 Million

PROFILEmiami
said Falcone Group CEO and Miami Worldcenter Associates Founding Partner Art Falcone.
value seen: Art Falcone is a founding partner and managing partner of Miami Worldcenter Associates, the master-development group behind Miami Worldcenter, working with Nitin Motwani and CIM Group.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://profilemiami.com/miamirealestate/2026/4/8/miami-worldcenter-associates-sells-developments-retail-and-entertainment-district-to-falcone-group-and-partners-for-210-million

Sources: tags

PRESSdate not shown in source

Miami Worldcenter Associates Sells Development's Retail and Entertainment District to Falcone Group and Partners For $210 Million

PROFILEmiami
said Falcone Group CEO and Miami Worldcenter Associates Founding Partner Art Falcone.
value seen: Founding Partner
value paraphrased from this source
https://profilemiami.com/miamirealestate/2026/4/8/miami-worldcenter-associates-sells-developments-retail-and-entertainment-district-to-falcone-group-and-partners-for-210-million

Sources: tags

PRESSdate not shown in source

$6B Miami Worldcenter Sees Retail District Change Hands

Commercial Property Executive
Falcone Group, one of the founding partners of Miami Worldcenter Associates along with CIM Group and Managing Partner Nitin Motwani, will retain a majority stake in the Downtown Miami retail district.
value seen: Managing Partner
value paraphrased from this source
https://www.commercialsearch.com/news/6b-miami-project-sees-retail-district-change-hands/

Sources: tags

PRESSdate not shown in source

$6B Miami Worldcenter Sees Retail District Change Hands

Commercial Property Executive
Art Falcone, CEO of Falcone Group. “We’ve established a strong foundation with the retail, dining and entertainment mix, and this next phase is focused on building on that momentum—introducing new concepts and expanding programming that keeps the district active throughout the day and into the evening,” Art Falcone, CEO of Falcone Group, told Commercial Property Executive.
value seen: CEO of Falcone Group
https://www.commercialsearch.com/news/6b-miami-project-sees-retail-district-change-hands/

Sources: tags

COMPANYdate not shown in source

Miami Worldcenter and PARAMOUNT Miami Worldcenter

Miami Worldcenter
Arthur Falcone has over 35 years of executive experience and a proven track record of success in all areas of real estate.
value seen: over 35 years of executive experience
value paraphrased from this source
https://miamiworldcenter.com/wp-content/uploads/2020/09/2.29.16-Press-Release.-PARAMOUNT-MWC-Groundbreaking-Press-Release-FINAL-1.pdf

Sources: title

PRESSdate not shown in source

CIM Group and Partners Announce the Grand Opening of Miami Worldcenter, 27-acre $6 Billion Mixed-use Development in the Heart of Downtown Miami

CIM Group
The approximately $6 billion Miami Worldcenter project features a mix of residential, retail, commercial and hospitality uses developed by master developers Miami Worldcenter Associates, led by Managing Partners Art Falcone and Nitin Motwani, in partnership with CIM Group.
value seen: Managing Partner
value paraphrased from this source
https://www.cimgroup.com/press-releases/cim-group-and-partners-announce-the-grand-opening-of-miami-worldcenter-27-acre-6-billion-mixed-use-development-in-the-heart-of-downtown-miami
NM
Nitin Motwani
Nitin Motwani is the managing partner responsible for Miami Worldcenter’s land assembly, entitlements, financing, joint ventures and development. He also leads Merrimac Ventures, previously worked in equity derivatives at Goldman Sachs, helped create Encore Capital Management, and serves on real-estate and investment boards.
Current title
Managing Partner, Miami Worldcenter Associates
since since 2006
Experience
no career length stated
Companies before
Goldman SachsEncore Capital Management
Education
Duke UniversityBachelor’s degree in International Relations
Columbia UniversityMaster of Science in Real Estate Development
Other boards
University of Miami Master of Real Estate Development program boardInvestment Committee and advisory board of Driftwood Development Partners, LPAdvisory board of Driftwood Lending Partners, LPAdvisory board of DHM Holdings, LP
Known for
Managing PartnerSince 2006Merrimac Venturesex-Goldman SachsDuke University
https://www.linkedin.com/in/nitinmotwani
This moment is the realization of a bold master plan, shaped by years of collaboration, creativity, and commitment from our team and our partners. CIM Group https://www.cimgroup.com/press-releases/cim-group-and-partners-announce-the-grand-opening-of-miami-worldcenter-27-acre-6-billion-mixed-use-development-in-the-heart-of-downtown-miami

Sources: degree

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Bachelor’s degree in International Relations
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: institution

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Duke University
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: degree

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Master of Science in Real Estate Development
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: institution

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Columbia University
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: full name

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates, a position he has held since 2006.
value seen: Nitin Motwani
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: other boards

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani is on the board of the University of Miami’s Master of Real Estate Development (MRED) program and previously served as Board Chair.
value seen: board of the University of Miami’s Master of Real Estate Development program
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: other boards

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani also serves on the Investment Committee and advisory board for Driftwood Development Partners, LP, in addition to advisory boards for Driftwood Lending Partners, LP and DHM Holdings, LP.
value seen: Investment Committee and advisory board for Driftwood Development Partners, LP
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: other boards

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Mr. Motwani also serves on the Investment Committee and advisory board for Driftwood Development Partners, LP, in addition to advisory boards for Driftwood Lending Partners, LP and DHM Holdings, LP.
value seen: advisory boards for Driftwood Lending Partners, LP and DHM Holdings, LP
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: previous companies

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Early in his career, Mr. Motwani was an equity derivatives trader at Goldman Sachs in New York.
value seen: equity derivatives trader at Goldman Sachs in New York
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: previous companies

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani | MRED+U

University of Miami
Shortly thereafter, he was involved in the creation of Encore Capital Management, a private equity fund that focused on opportunistic real estate investments and development in growth markets across the U.S.
value seen: creation of Encore Capital Management
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: quote

PRESSdate not shown in source

Downtown Miami retail space and plaza open in nation's second-largest project of its kind

CoStar News
It's people that make great communities, not just buildings. You can build beautiful buildings, but if you have four-foot sidewalks, that doesn't create a sense of place to people to co-mingle and come together.
value seen: It's people that make great communities, not just buildings.
https://www.costar.com/article/676784510/downtown-miami-retail-space-and-plaza-open-in-nations-second-largest-project-of-its-kind

Sources: quote

PRESSdate not shown in source

CIM Group and Partners Announce the Grand Opening of Miami Worldcenter, 27-acre $6 Billion Mixed-use Development in the Heart of Downtown Miami

CIM Group
This moment is the realization of a bold master plan, shaped by years of collaboration, creativity, and commitment from our team and our partners.
value seen: This moment is the realization of a bold master plan, shaped by years of collaboration, creativity, and commitment from our team and our partners.
https://www.cimgroup.com/press-releases/cim-group-and-partners-announce-the-grand-opening-of-miami-worldcenter-27-acre-6-billion-mixed-use-development-in-the-heart-of-downtown-miami

Sources: since

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates, a position he has held since 2006.
value seen: since 2006
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: summary

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Mr. Motwani is responsible for every facet of the project, including land acquisition, zoning and entitlements, financing (public and private), joint ventures and development.
value seen: Nitin Motwani is the managing partner responsible for Miami Worldcenter’s land assembly, entitlements, financing, joint ventures and development.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: tags

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates, a position he has held since 2006.
value seen: Managing Partner of Miami Worldcenter Associates
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: tags

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates, a position he has held since 2006.
value seen: since 2006
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: tags

OTHERdate not shown in source

Nitin Motwani | Nitin Motwani

The Miami Foundation
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates, a position he has held since 2006.
value seen: Managing Partner of Merrimac Ventures
value paraphrased from this source
https://miamifoundation.org/profiles/nitin-motwani/

Sources: tags

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Early in his career, Mr. Motwani was an equity derivatives trader at Goldman Sachs in New York.
value seen: equity derivatives trader at Goldman Sachs in New York
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: tags

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Bachelor’s degree in International Relations from Duke University
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: tags

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
value seen: Master of Science in Real Estate Development from Columbia University
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html

Sources: title

OTHERdate not shown in source

Nitin Motwani | MRED+U | U-SoA

University of Miami
Nitin Motwani serves as Managing Partner of Merrimac Ventures and as Managing Partner of Miami Worldcenter Associates, a position he has held since 2006.
value seen: Managing Partner of Miami Worldcenter Associates
https://mredu.arc.miami.edu/advisory-board/motwani-nitin/index.html
DK
Daniel Kodsi
Daniel Kodsi is the CEO of Royal Palm Companies and the developer behind Paramount Miami Worldcenter, delivered through Paramount Ventures with Miami Worldcenter’s master developers. He founded Participant Capital in 2011 and has built a substantial Florida mixed-use, multifamily, condominium and master-planned development portfolio; he is also involved in the Legacy project at Miami Worldcenter.
Current title
Developer, Paramount Miami Worldcenter; CEO, Royal Palm Companies
Experience
32+ years real estate
Companies before
none sourced
Education
University of MiamiBSBA in Real Estate Finance; minor in Urban Planning and Architecture
Other boards
none sourced
Known for
CEO, Royal Palm CompaniesParamount developerParticipant Capital founderUniversity of Miami
https://linkedin.com/in/daniel-kodsi
since CEO of Royal Palm Companies since 1991
Today’s loan closing is a major milestone for the PARAMOUNT brand. Miami Worldcenter https://miamiworldcenter.com/wp-content/uploads/2020/09/3.7.17-Press-Release.-PMWC-Loan-1.pdf

Sources: degree

OTHERdate not shown in source

Daniel Kodsi | Daniel Kodsi | MRED+U

University of Miami
Mr. Kodsi holds a BSBA in Real Estate Finance and a minor in Urban Planning and Architecture from the University of Miami and is a licensed general contractor.
value seen: BSBA in Real Estate Finance; minor in Urban Planning and Architecture
held out of the figures · the quote does not carry this value
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: institution

OTHERdate not shown in source

Daniel Kodsi | Daniel Kodsi | MRED+U

University of Miami
Mr. Kodsi holds a BSBA in Real Estate Finance and a minor in Urban Planning and Architecture from the University of Miami and is a licensed general contractor.
value seen: University of Miami
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: full name

COMPANYdate not shown in source

PARAMOUNT Miami Worldcenter Closes on $285 Million Loan

Miami Worldcenter
“Today’s loan closing is a major milestone for the PARAMOUNT brand,” said developer Daniel Kodsi.
value seen: Daniel Kodsi
https://miamiworldcenter.com/wp-content/uploads/2020/09/3.7.17-Press-Release.-PMWC-Loan-1.pdf

Sources: quote

COMPANYdate not shown in source

PARAMOUNT Miami Worldcenter Closes on $285 Million Loan

Miami Worldcenter
“Today’s loan closing is a major milestone for the PARAMOUNT brand,” said developer Daniel Kodsi.
value seen: Today’s loan closing is a major milestone for the PARAMOUNT brand.
https://miamiworldcenter.com/wp-content/uploads/2020/09/3.7.17-Press-Release.-PMWC-Loan-1.pdf

Sources: quote

PRESSdate not shown in source

Miami Worldcenter Was Almost A 'Dinosaur.' Now It's A $6B Juggernaut

Bisnow
“I was literally redesigning the plans and building the foundation at the same time,” Kodsi said.
value seen: I was literally redesigning the plans and building the foundation at the same time.
https://www.bisnow.com/news/south-florida/construction-development/we-were-going-to-build-a-dinosaur-tracing-miami-worldcenters-origin-and-evolution-123986

Sources: role type

OTHERdate not shown in source

Daniel Kodsi | MRED+U | U-SoA

University of Miami
Daniel Kodsi CEO Royal Palm Companies
value seen: CEO Royal Palm Companies
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: since

OTHERdate not shown in source

Daniel Kodsi | MRED+U | U-SoA

University of Miami
Mr. Kodsi is the managing principal of Participant Capital, which he founded in 2011 as the capital arm of Royal Palm Companies, where he has held the position of CEO since 1991.
value seen: CEO since 1991
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: summary

COMPANYdate not shown in source

PARAMOUNT Miami Worldcenter Closes on $285 Million Loan

Miami Worldcenter
PARAMOUNT Miami Worldcenter is being developed by Paramount Ventures, which is comprised of Daniel Kodsi and Miami Worldcenter master developers Art Falcone and Nitin Motwani.
value seen: Daniel Kodsi is the CEO of Royal Palm Companies and the developer behind Paramount Miami Worldcenter, delivered through Paramount Ventures with Miami Worldcenter’s master developers.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamiworldcenter.com/wp-content/uploads/2020/09/3.7.17-Press-Release.-PMWC-Loan-1.pdf

Sources: tags

OTHERdate not shown in source

Daniel Kodsi | MRED+U | U-SoA

University of Miami
Daniel Kodsi CEO Royal Palm Companies
value seen: CEO Royal Palm Companies
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: tags

COMPANYdate not shown in source

PARAMOUNT Miami Worldcenter Closes on $285 Million Loan

Miami Worldcenter
PARAMOUNT Miami Worldcenter is being developed by Paramount Ventures, which is comprised of Daniel Kodsi and Miami Worldcenter master developers Art Falcone and Nitin Motwani.
value seen: developer of Paramount Miami Worldcenter
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://miamiworldcenter.com/wp-content/uploads/2020/09/3.7.17-Press-Release.-PMWC-Loan-1.pdf

Sources: tags

OTHERdate not shown in source

Daniel Kodsi | MRED+U | U-SoA

University of Miami
Mr. Kodsi is the managing principal of Participant Capital, which he founded in 2011 as the capital arm of Royal Palm Companies, where he has held the position of CEO since 1991.
value seen: founded Participant Capital in 2011
value paraphrased from this source
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: tags

OTHERdate not shown in source

Daniel Kodsi | Daniel Kodsi | MRED+U

University of Miami
Mr. Kodsi holds a BSBA in Real Estate Finance and a minor in Urban Planning and Architecture from the University of Miami and is a licensed general contractor.
value seen: BSBA in Real Estate Finance and a minor in Urban Planning and Architecture from the University of Miami
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: tags

OTHERdate not shown in source

Daniel Kodsi | Daniel Kodsi | MRED+U

University of Miami
Mr. Kodsi is a real estate industry veteran with more than 32 years of experience in real estate development, capital investment, and asset management.
value seen: more than 32 years of experience in real estate development, capital investment, and asset management
https://mredu.arc.miami.edu/advisory-board/kodsi-dan/index.html

Sources: title

COMPANYdate not shown in source

PARAMOUNT Miami Worldcenter Closes on $285 Million Loan

Miami Worldcenter
“Today’s loan closing is a major milestone for the PARAMOUNT brand,” said developer Daniel Kodsi.
value seen: developer Daniel Kodsi
https://miamiworldcenter.com/wp-content/uploads/2020/09/3.7.17-Press-Release.-PMWC-Loan-1.pdf
1 slot empty — we found no sourced name for development or projects.

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

4 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Flow HouseMiami, United States
Miami Worldcenter
residential for sale466141———2024October 2, 2024Oct 2025 – Dec 2025Mar 2026+4.0 mo
(+3.0 to +5.0)
estimatedcompleted
Miami Worldcenter Retail and Public-Space DistrictMiami, United States
Miami Worldcenter
retail, other—————2016March 3, 2016Sep 2022 – Dec 2022Jan 2025 – Apr 2025+28.0 mo
(+25.0 to +31.0)
sourcedcompleted
Caoba Miami Worldcenter (first tower)Miami, United States
Miami Worldcenter
residential for rent, retail444143———2018fall of 2018Sep 2018 – Nov 2018Jan 2019+3.0 mo
(+2.0 to +4.0)
estimatedcompleted
PARAMOUNT Miami WorldcenterMiami, United States
Miami Worldcenter
residential for sale569160—USD 670m
other
—2014November 2014Jan 2018 – Dec 2018Jan 2019 – Dec 2019+12.0 mo
(+1.0 to +23.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
PROJECT AWARD Winner 2020–2021 competition; presented November 10, 2020
International Property Awards — Residential High-Rise Development, Florida · PARAMOUNT Miami Worldcenter
PARAMOUNT Miami Worldcenter won the Florida residential high-rise development category; the project was developed under the leadership of Miami Worldcenter Associates.
PROJECT AWARD Winner 2020–2021 competition
International Property Awards — Project of the Year · Miami Worldcenter
The Miami Worldcenter project page identifies Miami Worldcenter Associates as client and records a Project of the Year win for the development.
SUSTAINABILITY Certified December 8, 2020
LEED for Neighborhood Development Silver pre-certification · Miami Worldcenter
Miami Worldcenter earned LEED for Neighborhood Development Silver pre-certification, recognizing its neighborhood-scale sustainability and smart-growth planning; this was a pre-certification, not evidence of final certification.
PROJECT AWARD Winner 2020
South Florida USGBC GalaVerde Leadership Awards — Project of the Year · Miami Worldcenter
USGBC Florida’s published winners list records Miami Worldcenter as the Project of the Year in the South Florida GalaVerde Leadership Awards.
U.S. Green Building Council Florida · https://www.usgbc.org/local-engagements/awards
PROJECT AWARD Winner 2021
South Florida USGBC GalaVerde Leadership Awards — Neighborhood Development · Miami Worldcenter
USGBC Florida’s published winners list records Miami Worldcenter as a winner in the Neighborhood Development category.
U.S. Green Building Council Florida · https://www.usgbc.org/local-engagements/awards

Risks

Risk flags

4 found
FINANCIAL DISTRESS Foreclosure suit filed in July 2025; bond deadline missed September 22, 2025 and reported October 1, 2025
Legacy MWC Trustee and Legacy MWC Land Trust, project entities associated with Royal Palm Companies’ Legacy Hotel & Residences at Miami Worldcenter, faced a foreclosure lawsuit by lender affiliate Legacy Lender Holdings/Monarch alleging approximately $31.9 million in unpaid debt; a court-approved resolution required a $32 million surety bond and payment of more than $35 million, but the developer entities reportedly missed the September 22, 2025 bond deadline, leaving the foreclosure dispute unresolved in the latest retrieved report.
DELIVERY DELAY Construction halted March 2024; reported July 30, 2024
Construction of Royal Palm Companies’ Legacy Hotel & Residences at Miami Worldcenter halted in March 2024 after incorrectly placed plumbing and electrical penetrations were discovered; work had stopped at the 16th floor, the project was previously expected to be delivered in 2024, and about two dozen liens for unpaid work had been filed, while the developer said it hoped to restart within two to three months.
DELIVERY DELAY 2025-10-01 publication; reported construction hold since 2024, prior expected completion in 2024, and missed September 22, 2025 bond deadline (status assessed as of 2026-10-14)
Legacy Hotel & Residences at Miami Worldcenter, developed by Dan Kodsi’s Royal Palm Companies, remained unfinished and on hold after construction halted in March 2024; it had been expected to be completed in 2024, and the developer’s LLCs missed a court-approved September 22, 2025 surety-bond deadline amid Monarch Alternative Capital’s foreclosure litigation.
PROJECT CANCELLED 2021-07-02 publication; project cancellation and site sale reported in July 2021
MDM Hotel Group, founded and led by Ricardo Glas and Luis Pulenta, scrapped the planned Marriott Marquis Miami Worldcenter Hotel & Expo Center and sold the site to Witkoff and Monroe Capital, citing the pandemic’s impact on the meetings and conventions market.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.