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Aria Development Group and Merrimac Ventures Purchase Miami Worldcenter Site in Downtown Miami for $17.5M

Development site marks the last remaining parcel at the 27-acre mixed use development. Colliers South Florida’s Urban Core Division team represented both the buyer and seller in the transaction.

MIAMI, FL | Nov. 30, 2022 – Colliers Executive Managing Director Mika Mattingly, Executive Director Jack Lowell, and Senior Associate Cecilia Estevez represented the buyer, a joint venture between Aria Development Group, Nitin Motwani and Dev Motwani’s Merrimac Ventures, and the seller, International Longshoreman Association, in the acquisition/disposition of the 24,000 square-foot development site known as The Miami Link, located at 33-55 NW 6th Street, one block from Brightline Miami Central. ADG and Merrimac, the buyer, also acquired the adjoining corner parcel located at 600 NE 1st Ave (from a separate seller), increasing the total assemblage to 34,800 square feet. The assemblage is located within the Miami Worldcenter mixed use development zoning district, one of Miami’s most favorable mixed-use zoning codes, allowing for up to 1,000,000 square feet of development and a density of 700 residential units. Aria and Merrimac are currently planning a 600+ unit condominium project (named 600 Miami Worldcenter). Launched earlier this month, the project already has significant demand for presales. OneWorld Properties is leading sales for the project.

Located at the southern entrance of Miami Worldcenter, 600 Miami Worldcenter will be positioned within 1,000 feet of Miami's largest transportation hub, creating new mobility pathways so residents and employees can embrace the perks of working, living, and playing in the enhanced, vibrant neighborhood. The sale of 600 Miami Worldcenter’s development site marked the last remaining parcel available for purchase within Miami Worldcenter.

As one of the largest private urban real estate developments in Florida, Miami Worldcenter, is currently coming alive in phases, it will feature a diverse mix of residential, commercial and hospitality uses complemented by a total of 300,000 square feet of retail, restaurant, and entertainment space. Approximately 255,000 square feet of retail space has now been completed at Miami Worldcenter as tenants actively build out their spaces. Recently announced retail tenants include two food and beverage concepts by Michelin-Star Chef Michael Beltran, Brasserie Laurel and El Vecino; Chicago’s Maple & Ash and Etta restaurants; Sports & Social, a dining and entertainment concept; as well as other nationally recognized brands including Rihanna’s Savage X Fenty, Lululemon, Ray-Ban, Sephora, Posman Books, Bowlero, and Lucid Motors. Brasserie Laurel and Sephora are expected to open to customers later this month.

Miami Worldcenter is being developed by master developers Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, in partnership with CIM Group.

“600 Miami Worldcenter’s prime location and advantageous zoning provide a unique opportunity to capitalize on the continued strong demand for housing in Downtown Miami,” said Mattingly. “The site will expand Aria Developments Group’s presence in Downtown where they currently already have two successfully sold-out projects – Yotel Miami and 501 First.”

We are thrilled to have the opportunity to develop another fantastic project in the vibrant and dynamic Downtown Miami market.  Pre-sales for 600 Miami World Center are already off to a strong start,” commented David Arditi, Co-Founder of Aria Development Group and Head of Aria Miami.

Aria Development Group (ADG) is a real estate investment and development firm with offices in New York City, Miami, and Washington, D.C. The award-winning real estate company was founded in 2009 by Joshua Benaim, David Arditi, and Timothy Gordon to focus on generating outsized, risk-adjusted returns through a hands-on, vertically integrated approach to creating value. The firm focuses on developing premier residential properties in notable neighborhoods nationally. ADG has completed or has under development $1 billion+ in projects and over 5,000 residential units. In Downtown Miami, ADG has developed Yotel Miami and recently began construction of 501 First Residences, which is 100% sold out.

Merrimac Ventures is a real estate investment and development firm based in Fort Lauderdale, FL. Its primary focus is on prime resort and mixed-use development but also has extensive investments in multi-family residential, condominiums, retail, and office. While Merrimac Ventures began its journey in South Florida, it has substantially expanded its holdings into a national footprint. Partners in Merrimac Ventures are currently involved in over $3 billion in real estate development projects, which are transformational, building communities and advancing cities. Merrimac Ventures is led by brothers Nitin Motwani and Dev Motwani. Nitin Motwani has served as the Managing Partner and visionary behind Miami Worldcenter since 2006, overseeing all aspects of the $4 billion, 27-acre development project.

The seller of Miami Link, the International Longshoremen’s Association, is the largest union of maritime workers in North America, representing upwards of 70,000 dockers on the Atlantic and Gulf Coasts. The labor union has owned the property for more than 45 years while operating a 5,130-square-foot building on the site.

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Mika Mattingly

Executive Vice President


In 2016, I joined the South Florida offices of Colliers International, launching the firm’s Urban Core division.

As co-leader of this group, our team specializes in urban renewal, off-market sales, and assemblages across core South Florida neighborhoods.

With a strong foundation of building-level market data and a knack for navigating the complexities of urban zoning and approvals, I have established myself as the premier real estate expert in the Downtown Miami area. I have been a driving force behind the market transformation from a neglected business corridor to a revitalized destination for real estate investing and community.

Through my perseverance and keen eye for highest and best use, I have sold many of these cherished historical buildings - some of which had been left unused for years and will now be reenergized with an influx of capital and urban renewal efforts. These landmark buildings include the Old Post Office, Dade Commonwealth Building, Thomas Center and Courthouse Tower. 

Prior to Colliers, I was an instrumental player in major assemblages, including being the lead broker on behalf of investor Moishe Mana, who has acquired a major presence in downtown Miami. Since 2014, I brokered 53 transactions worth $306 million targeting commercial properties on East Flagler Street and surrounding areas.

I began my career in real estate in late 2006, learning the ropes on the tail end of Miami’s last boom. Always on the grind, I sold notes in the dry years that followed. When the market began to recover, I turned my attention to the emerging neighborhoods in Miami’s urban core. I became known for my keen intuition in pinpointing blighted areas that were poised for explosive growth, well before they were on the radar.

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Jack Lowell

Executive Vice President


Jack Lowell’s real estate career spans over four decades. As a well-respected veteran in the commercial real estate industry, Jack has leased over 1.5 million square feet in just the last five years.

With an unparalleled knowledge in commercial real estate market, Jack’s comments and insights have appeared in many real estate publications throughout Miami-Dade.

He currently handles leasing and sales of office buildings and land in Miami-Dade County representing major clients in the market place. Jack’s client list includes Mercantil Center; The Museum of Science; Simply Healthcare; Sacher, Zelman; Pacific National Bank; Codina Partners; RBB and the Gunster law firm.

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Cecilia Estevez

Senior Associate


As an Associate, I work directly with the growing Urban Core division, preparing research and analysis of the team's niche neighborhood data, including rate trends, zoning, comps and due diligence. I also provide support on a variety of marketing and business development initiatives.

Prior to joining Colliers, I was a Leasing Coordinator and Project Manager for Great American Land Management, Inc., where I worked on a team overseeing the property management of more than one million square feet of retail space and assisted in the property marketing and lease documentation of the space. As a Leasing and Market Research Intern for ACRE in Orlando, FL, I analyzed market conditions and researched new business opportunities in conjunction with prospect outreach. 

I am bilingual in Spanish and hold a Florida Real Estate Sales Associate License. Additionally, I bring experience on a multitude of industry platforms, including Xcelligent, Salesforce and ARGUS.

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