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Florida & Gulf Coast  + Hospitality  |  December 9, 2020
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By: David Cohen

Royal Palm Cos. to Develop 50-Story MXU Tower at Miami Worldcenter

A rendering of Legacy Hotel & Residences

Royal Palm Cos. has acquired a nearly two-acre land parcel at 942 Northeast First Avenue in Downtown Miami with plans to develop Legacy Hotel & Residences, a 50-story mixed-use tower with 274 residences and a 256-room hotel. The property is part of Miami Worldcenter, a $4 billion, 27-acre mixed-use development in Downtown Miami. The transaction includes 66,656 square feet of developable land.

Legacy Hotel & Residences will feature a members-only international business lounge, Singapore-inspired cantilevered pool, downtown Miami’s largest hotel pool deck, a 100,000-square-foot medical and wellness center and microLUXE residences. The project’s signature amenity will be the city’s first enclosed rooftop atrium, taking up the top seven floors of the tower.

Robert Given, Troy Ballard and James Quinn of Cushman & Wakefield represented the seller, Miami Worldcenter Associates, in the transaction.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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