First Piece of Miami Worldcenter is Open
The first piece of one of the largest real estate projects in the U.S. is ready and open for tenants.
Caoba, a 43-story apartment tower located at 698 NE First Ave., marks the initial phase of completion of Miami Worldcenter, the 27-acre mixed-use development that sprawls across 10 city blocks in downtown Miami.
The building houses 444 apartments ranging in size from 500 to 1,300 square feet. 60 percent of the units are studios and one-bedrooms. Rents range from $1,775 to $4,275. The rental office will open later this month and move-ins start January 31.
Miami Worldcenter managing principal Nitin Motwani, who has helped guide the $4 billion project since its inception 15 years ago, said the apartment building is being pitched at a wide range of potential tenants.
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