Miami

Downtown Wellen is expected to become the central hub and gathering place for the master-planned community.

A contract for $120 million is in review by an undisclosed stalking horse bidder.

Wynwood is "without a doubt, the hottest submarket in the country," said DWNTWN Realty Advisors managing principal Devlin Marinoff.

Legacy Tower at Miami Worldcenter is also the first ground breaking at Miami Worldcenter since the start of the pandemic.

"There's been a lot of immigration to Florida, particularly South Florida with folks from the Northeast, and when you look at Brickell Avenue and downtown, or the urban core, we're a lot less dense, and a lot more affordable than where they came from," said Berkadia's Charles Foschini.

"In the market, we are witnessing a tipping point as the growing technology sector matures into a true global tech hub," said CBRE's Josh Bank.