A two acre parcel inside Miami Worldcenter, now being marketed as One Miami World, has quietly hit the market and is already stirring fresh interest in one of downtown Miami's few remaining large development sites. Brokers say the assembled lot could fetch a price well north of $100 million, a sign that institutional capital is still circling some of the city's most active blocks. The listing throws a spotlight on the stretch between the project's completed towers and recently traded retail parcels.
Coral Gables-based Abbhi Capital has tapped Cushman & Wakefield to market the site at 1001 NE First St., a property the firm assembled in 2020 for roughly $44 million and later pitched with a multi tower plan and marketing materials. The property does not yet carry a public asking price, but Cushman brokers told local reporters they expect offers well above $100 million, as reported by Bisnow.
What Developers Once Proposed
Earlier marketing and planning documents laid out an ambitious concept for the block: a 59 story residential tower alongside a 33 story office building, tied together by a shared podium with roughly 368,000 square feet of leasable space. The scheme also called for several thousand square feet of ground floor retail and more than 1,000 parking spaces. Those plans were filed in 2023 but never moved into construction, leaving the parcel open for a new buyer to refile or reshape the program. HawkinsCRE highlighted the filings and the scope of the proposed design.
Sales Momentum In The District
The listing arrives on the heels of a string of sizable deals inside Miami Worldcenter. In March, Tokyo-based Kasumigaseki Capital paid about $88.8 million for a nearby development site, according to The Real Deal. In April, a venture led by Art Falcone paid roughly $210 million for the project's retail component, as reported by Commercial Observer. Together, those trades have helped turn one off interest in individual pads into appetite for larger institutional plays across the 27 acre master planned district.
Abbhi Capital has been active elsewhere in the city as both owner and occasional builder. The firm delivered a 46 unit rental community called Elemi at Grove Village in Coconut Grove in 2025 and is planning a second, 27 unit phase, according to Florida YIMBY.
What To Watch Next
For whoever steps up to buy One Miami World, the main strategic call will be whether to stick with Abbhi's office heavy program or lean harder into residential or hospitality, and how debt markets and preleasing appetite for new office space will shape bids. Marketing materials and brokers have leaned into the site's scarcity and skyline potential. "This is the type of opportunity that shapes skylines and defines markets for decades," Cushman & Wakefield executive Virgilio Fernandez said in marketing commentary quoted by Bisnow.
Cushman & Wakefield is expected to run a formal marketing process, circulate an offering memorandum, and begin tours in the coming weeks. Whoever wins the bidding will control one of the last large buildable footprints inside Miami Worldcenter, a district that has already drawn billions of dollars of investment.
