MIAMI—Miami Worldcenter developers just got some good news. Plans for the first phase of what is one of the largest urban real estate developments underway in the US won approval from the City of Miami.

The approval paves the way for the development team to apply for building permits for the Mall at Miami Worldcenter, the Paramount Miami Worldcenter condo, and a luxury multifamily building. Groundbreaking is expected in the third quarter of 2015.

“We have assembled a world-class team with a track record of delivering transformational projects, and now we're taking the last step toward starting construction of Miami Worldcenter,” says Nitin Motwani, managing principal for Miami Worldcenter Associates. “Miami Worldcenter will transform 27 acres in the heart of Miami into a city within a city, connecting the central business district with the arts and entertainment district.”