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$185M Riverside Wharf Hospitality, Entertainment Development Headed to Miami
MV Real Estate Holdings and Driftwood Capital have announced plans for the development of Riverside Wharf, a hospitality-driven entertainment complex situated along the Miami River in downtown Miami.
The $185-million mixed-use development will rise on the current site of The Wharf Miami and the abutting vacant parcel. The 1.5-acre assemblage is the culmination of the vision established in the City of Miami’s 2016 voter referendum approval, obtained by MVREH, for the development of food and beverage establishments along the waterfront. The roughly 600 linear feet of water frontage will provide for the continuity of the publicly accessible Riverwalk, seamlessly connecting Riverside Wharf between Downtown Miami and Brickell.
The 200,000-square-foot, two-tower development will be anchored by the 165-key Dream Miami and feature an expansion of The Wharf Miami with 16,000 square feet of restaurants, a 12,000-square-foot event hall, a 30,000-square-foot nightclub and rooftop dayclub, and a private marina capable of accommodating megayachts.
- ◦Development