$60m entertainment block planned for Midtown


This fast growing neighborhood became a center for shopping and dining, comprised of great restaurants and nation wide retail.

Being able to sit down in the movie theater and having your choice of food and drink delivered to your seat is just one of the perks New York-based developer Jack Cayre has in mind for a massive entertainment complex in Midtown.

According to the South Florida Business Journal, construction of the $60 million project—which would also include 220,000 square feet of retail and a 200-room boutique hotel—could begin next year.
Cayre said he’s finishing a negotiation to have a potential partner invest in the project. And he’s already looking for potential tenants for stores and restaurants.

“The market has come back a lot faster than anyone could have imagined,” Cayre told the Business Journal.

The proposed entertainment block will occupy 3 acres between the southeast residential towers and the Shops at Midtown Miami. Oscar Rodriguez, principal of ROC Development and formerly of the Related Group, thinks the movie theater will boost the area’s economy and attract visitors from surrounding neighborhoods.

“I live in downtown and visit Midtown for all my needs,” Rodriguez told the Business Journal. “Restaurants, Target. The only thing I can’t go to Midtown for is movies.”
The block where construction will take place, which has been dubbed by some neighbors as “Jurassic Park” for its dense vegetation, was envisioned as a living art installation and spurred by Art Basel events in the area. But the project was never completed.