MIAMI—The developers behind $2 billion Miami Woldcenter bought their first parcels of land in the heart of Downtown Miami 10 years ago. Now, they are beginning to see their vision come to pass with construction set to begin in the third quarter.

“We're eager to move forward in transforming our neighborhood, creating thousands of new jobs and attracting additional private investment to downtown Miami,” Nitin Motwani, managing principal for Miami Worldcenter Associates, developer of the project, tells GlobeSt.com. The City of Miami just granted site plan approval for the first phase of development. Applications for building permits will be submitted over the coming weeks. Past litigation involving the project has been resolved. Full steam ahead.

The city's site plan approval applies to The Mall at Miami Worldcenter, the Paramount Miami Worldcenter condominium, and a 429-unit luxury apartment building ZOM will develop. Construction of the mall and Paramount tower will begin in the third quarter. The ZOM project is set to get underway in early 2016. Newgard Development Group has filed new plans with the city to construct a mixed-use tower within the project.