The planned redevelopment of the former Miami Arena site is moving forward after a joint venture led by Witkoff Group and Monroe Capital received a loan for the first phase of what is expected to be three multifamily towers near Miami's Worldcenter.
Witkoff Group lands loan for apartments at high-profile site near Miami Worldcenter
Former Miami Arena site to be redeveloped into three multifamily towers designed by Kobi Karp
CoStar News
July 22, 2026 | 6:08 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Old Miami Arena Development Site
700 Miami Ave, Miami, FL
- Marriott
700 Miami Ave, Miami, FL
- Contacts
- Alex Witkoff
Co-Chief Executive Officer, Witkoff