MIAMI—For all the talk about Swire's $1.05 billion Brickell CityCentre, there's an even bigger project coming to Downtown Miami. In fact, it's one of the most transformational commercial real estate developments in Miami's history: Miami Worldcenter.

The $2 billion project took an important step forward when the City's Commission entered a unanimous vote to approve a zoning package and master development agreement that sets the stage for construction to kick off late this year or early next year. What's next for Miami Worldcenter?

The economic impact begins with Phase One of the 27-acre development. The first phase includes retail, residential towers, and an expo center and adjacent hotel that promises to elevate the blighted neighborhood to destination status.

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