The Wharf Miami has become a go-to place for locals to spend their evenings and weekends. The team behind the hot-spot destination has just announced their plans to bring a new entertainment-driven venue to the Miami River, called Riverside Wharf.
This new project is a joint venture between Miami-based developer Alex Mantecon of MV Real Estate Holdings and Driftwood Capital. The group plans to invest $185 Million into this one-of-a-kind project.
“Riverside Wharf will be a destination for entertainment unlike any Miami has seen, bringing together world-class entertainment and hospitality offerings to a unique waterfront destination with direct Intracoastal access to the ocean,” said Mantecon. “We are excited to finally bring to fruition the dream and vision Miami has had for its riverfront entertainment district which until now has historically sat vacant and underutilized.”
The team is calling this an “entertainment district”, which will include a 165-key Dream Miami luxury hotel, world-class nightclub, rooftop day club with two pools, a concert venue, banquet halls and a variety of event spaces. In addition to all of this exciting expansion, the group will also work with the original Wharf Miami to create 16,000 square feet of restaurant spaces alongside all of the other exciting new elements.
“There is a natural synergy between Dream Hotel Group and the city of Miami,” said Dream Hotel Group CEO Jay Stein. “Our leading lifestyle brand Dream Hotels continues to expand quickly, just like Miami, offering international hospitality, vibrant entertainment and one-of-a-kind experiences sought by local residents, as well as business travelers and pleasure seekers from across the globe. We are thrilled to take part in this extraordinary project and can’t wait to open our doors in 2025.”
The Riverside Wharf will become a staple in the Miami boating and yachting community, as it will now house the largest public deepwater dock for superyachts in Downtown Miami. Its location could not be more perfect, bridging together the Brickell and Downtown Miami neighborhoods.
Mayor of Miami, Francis Suarez knows that this will become a go-to destination in the Magic City. “Miami is a top international destination for world-class hospitality and entertainment, and continues to set the bar with exciting new experiences for travelers unlike anything else in the world,” he continued, “Dream Miami at Riverside Wharf will be an unparalleled development in the heart of Miami for visitors and locals alike, and I couldn't be more excited to see it launch."
With an emphasis on its local ties and the historic fishing culture in the Miami River district, the Riverside Wharf will celebrate the famous Garcia’s Fish Market with a pop-up seafood market within the grounds.
While this exciting project is still a few years away, this truly encompasses the city Miami has become. The team is set to break ground in 2022, with a hopeful completion date in 2025.