Miami Worldcenter Retail Sells for $210 Million

The retail portion of the mixed-use Miami Worldcenter development has been acquired in one of South Florida's largest recent retail deals.

Apr. 5, 2026 at 7:57pm

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The retail component of the Miami Worldcenter mixed-use development in downtown Miami has been sold for $210 million. The 272,966-square-foot retail space, which features a flagship Apple store and other leading national and international retailers, was acquired by a joint venture between Falcone Group, The Davis Companies, and Jamestown. The sale was facilitated by Newmark's Conor Lalor and Eric Williams.

Why it matters

The Miami Worldcenter project is one of the largest mixed-use developments in the country, and the sale of its retail component represents a significant investment opportunity in a rapidly growing downtown market. The transaction highlights continued institutional investor interest in high-quality, irreplaceable retail assets located in dynamic urban districts.

The details

The Miami Worldcenter retail component, completed in 2024, includes 272,966 square feet of upscale retail space within the larger $6 billion mixed-use development. The project is set to ultimately include 12,000 residential units, more than 600,000 square feet of office space, and 850 hotel rooms. The retail portion is anchored by a flagship Apple store and features a roster of leading national and international retailers such as Club Studio, Maple & Ash, Ray-Ban, Sephora, Lululemon, Lucky Strike, and Museum of Ice Cream.

  • The Miami Worldcenter retail component was completed in 2024.
  • The $210 million sale transaction closed in April 2026.

The players

CIM Group

The master developer of the $6 billion Miami Worldcenter project and the seller in this transaction.

Park West Ventures

The co-master developer of the Miami Worldcenter project, partnering with CIM Group.

Falcone Group

One of the buyers in the joint venture that acquired the Miami Worldcenter retail component.

The Davis Companies

One of the buyers in the joint venture that acquired the Miami Worldcenter retail component.

Jamestown

One of the buyers in the joint venture that acquired the Miami Worldcenter retail component.

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What they’re saying

“Miami Worldcenter represents one of the most significant retail investment opportunities ever brought to market in South Florida.”

— Conor Lalor, Head of Retail Capital Markets, North America at Newmark

What’s next

The Miami Worldcenter development is expected to be a topic of discussion at the 60th Annual NAREE Real Estate Journalism conference, presented in June by the National Association of Real Estate Editors.

The takeaway

The sale of the Miami Worldcenter retail component for $210 million highlights the continued investor interest in high-quality, mixed-use developments located in rapidly growing urban markets. The transaction reinforces Miami's status as a premier destination for retail and real estate investment.