CIM Group, Falcone Group to Develop Miami Worldcenter’s Seventh Street Apartments

MIAMI — CIM Group and Falcone Group will co-develop Seventh Street Apartments, a 450-unit apartment high-rise located along northeast 7th Street in downtown Miami. The tower will be part of the $2 billion Miami Worldcenter and feature 20,000 square feet of ground-floor retail and restaurant space. The tower will connect Miami Worldcenter’s high-street retail promenade to the east with All Aboard Florida’s Central Station and MDM Group’s Marriott Marquis hotel and expo center to the west. The city of Miami has also approved an adjacent 413-unit apartment tower, bringing the total number of entitled units on the site to 863 apartment residences. Designed by Cohen & Friedman, Seventh Street Apartments will feature a pool deck, fitness center, covered parking garage and concierge services. Construction is set to begin in June and be completed in approximately two years.