Miami Worldcenter's master developer, Miami Worldcenter Associates, has brought together a unique team of best-in-class developers working together to create an unprecedented new neighborhood that is carefully planned and meticulously executed.
Miami Worldcenter Associates, led by principals Art Falcone and Nitin Motwani, is a joint venture between the Falcone Group and Centurion Partners. South Florida-based Falcone Group is a privately held and vertically integrated real estate and land development organization specializing in all real estate product types. Centurion Partners, out of Newport Beach, CA, has a team of professionals with more than 150 years of combined real estate experience that possess the full range of property development and financial expertise to take advantage of complex opportunities in some of the world’s most desirable markets. In 2011, Miami Worldcenter Associates partnered with CIM Group, a leading real estate and infrastructure investment firm that since 1994 has systematically and successfully invested in dynamic and densely populated communities throughout North America. Together, they are dedicated to the improvement and revitalization of presently underutilized urban landscapes.
Arthur Falcone has over 35 years of executive experience and a proven track record of success in all areas of real estate. As the founding principal of Miami Worldcenter, his vision and expertise were pivotal to its creation.
Mr. Falcone is also the cofounder and managing principal of Encore Capital Management, a diversified, multiple-fund real estate investment and development firm with more than $1 billion under its management. Prior to founding Encore, he was the CEO and chairman of the board of the Falcone Group, a vertically integrated real estate and land development organization. Mr. Falcone serves on the board of trustees for Nova Southeastern University, where, in 2006, he was inducted into the school’s Entrepreneur Hall of Fame. He is also actively involved in Crohn’s and Colitis charities, the Junior Achievement Hall of Fame, and SOS Children’s Village.
Nitin Motwani has been the managing principal of Miami Worldcenter since 2006. He is responsible for everything from land acquisition, zoning, and entitlements to financing, joint ventures, and development. Mr. Motwani is also a managing director of Encore Capital Management, which currently has over $1 billion of investments across the country, including holdings in Florida, California, Texas, and Arizona. Earlier in his career, Mr. Motwani was the president of Merrimac Ventures.
Mr. Motwani is also actively involved in building the Miami community, through his roles as the chair of the Economic Development and Technology/Marketing and Communications Committees of Miami’s Downtown Development Authority. Mr. Motwani is also a member of the Greater Miami Chamber of Commerce and the Beacon Council. He is also a co-chair of the nonprofit Operation Hope for Haiti, which has helped Haiti position itself for a sustainable, long-term recovery tied to economic development, education, and health.
CIM is a community-focused real estate and infrastructure owner, operator and lender. Since 1994, CIM has led more than $56 billion of projects in communities across the Americas on behalf of its own account and its partners, co-investors and shareholders. CIM’s broad in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and asset management experience in urban real assets, net-lease assets and other associated credit strategies. By utilizing its disciplined approach and extensive in-house expertise, CIM seeks to create value in projects, which ultimately enhances communities. For more information, visit www.cimgroup.com.
Based in Southfield, Michigan, the Forbes Company is a nationally recognized owner, developer, and manager of iconic regional shopping centers, known throughout its respective markets for its retail innovation, fashion leadership, distinctive architecture, and luxury apartments. These properties include the Mall at Millenia in Orlando, Florida; the Gardens Mall in Palm Beach Gardens, Florida; Waterside Shops in Naples, Florida; and Somerset Collection in Troy, Michigan. To learn more, visit: theforbescompany.com and themallatmiamiworldcenter.com.
Founded in 1950, Taubman has more than 60 years of experience in the shopping center industry. Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management, and/or leasing of 28 regional, super-regional, and outlet shopping centers in the United States and Asia. To learn more, visit: taubman.com.
MDM is a Miami-based development and management company with over 20 years of experience developing, owning, and operating hotel, office, and commercial mixed-use projects throughout South Florida. MDM supplements its development experience with a strong track record in operating Marriott hotels, including Miami’s JW Marriott Marquis and Hotel Beaux Arts hotels.
ZOM Living is one of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or directly developed nearly 20,000 apartment units nationwide, with an aggregate value of over $4 Billion. Throughout its 40-year history, ZOM has garnered more than 160 industry awards for project design and development expertise, including the prestigious National Multifamily Development Firm of the Year award and garnering two national Pillar Awards from the National Association of Home Builders for Best Low-Rise Project (Baldwin Harbor|Orlando) and Best High-Rise (Monarc at Met3 |Miami). ZOM is headquartered in Orlando and has regional development offices in South Florida, Dallas, Washington D.C., Chicago and Raleigh. For more information on ZOM’s multifamily portfolio, visit zomliving.com.
Hines is a privately owned global real estate investment, development and management firm, founded in 1957, with a presence in 201 cities in 24 countries and $111 billion of assets under management—including $60 billion for which Hines provides fiduciary investment management services and $51 billion for which Hines provides third-party property-level services. To learn more visit: hines.com
Elkus Manfredi Architects is an internationally recognized, award-winning design firm providing master planning, urban design, architecture, and interior architecture services. To learn more, visit: elkus-manfredi.com.