Page 10 - #200 June/July 2025

THE MULTI-BILLION-DOLLAR MIAMI

WORLDCENTER HAS MADE ITS LONG AWAITED DEBUT

Real estate investment and development firm CIM Group has
announced the grand opening of Miami Worldcenter, a 27-acre,
10-block mixed-use development in the city’s downtown.
The approximately $6bn project features a mix of residential,
retail, commercial and hospitality uses developed by master
developers Miami Worldcenter Associates, led by managing partners
Art Falcone and Nitin Motwani, in partnership with CIM Group.
The Miami Worldcenter masterplan includes approximately
$100M in completed, privately-built infrastructure, 100,000sq ft of
new public space, 300,000sq ft of retail space and 16 high-rise towers
for residential and hospitality uses, many of which CIM Group says
are completed or underway, that will bring approximately 11,000
residences and more than 1,000 hotel rooms to the property.
The retail area is accompanied by World Square, a 20,000sq
ft outdoor public plaza and park, which serves as a central
gathering space.

OOFOS is opening its first brick-
and-mortar retail experiences
AMERICAS NEWS
across the US. The locations,
launching in May and June are
at pentagon city in Arlington,
Virginia. The Mall of Georgia
in Buford, Georgia and The
Florida Mall in Orlando, Florida.
The brand says the new store
locations were chosen for their
“strong market potential”.
Launched in 2011, OOFOS
is known for its proprietary
“OOFOAM” technology, which
absorbs 37 per cent more impact
than traditional footwear and is
designed to absorb impact and
stress on the body, according
to the company. OOFOS initially
focused on a core line of sandals
and has since expanded its
product offerings to include
clogs and other types of shoes.
The retail launch follows the
success of its DTC and wholesale
channels as well as pop-up
locations across the country.

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10 RETAIL & LEISURE INTERNATIONAL JUNE/JULY 2025