The development is designed to span 200,000 sq. ft. and include a 30,000-sq.-ft. nightclub, a rooftop pool day club, a 12,000-sq.-ft. event hall and 16,000 sq. ft. of signature restaurant space. The development is also expected to include the rebirth and expansion of The Wharf Miami, a planned publicly accessible riverwalk, a seawall and a pop-up location for Garcia’s Fish Market honoring the neighborhood’s fishing heritage.
Designed by Jon Cardello of CUBE 3 Architects, with Gensler completing construction documents and ICRAVE leading interiors, Riverside Wharf is anticipated to be a catalyst that elevates the Miami River into one of the city’s premier entertainment districts. Moss Construction is serving as general contractor, with completion slated for fall 2028.
“Riverside Wharf is designed to bring together hospitality, dining, entertainment and waterfront access in a single development,” said Carlos Rodriguez Jr., president/CEO, Driftwood Capital. “Closing this financing is an important step as construction progresses. Every part of this development has been carefully planned, creating a new landmark for luxury along the city’s historic Miami River.”
Alex Mantecon, managing partner, MVREH and cofounder, Breakwater Hospitality Group, added, “This financing is what turns vision into vertical construction. We’ve built something special with Driftwood, Centennial Bank and the rest of our partners, and we’re excited to keep that momentum going as Riverside Wharf takes shape on the Miami River.”
“This financing supports a concept unlike anything currently operating in Miami, with hospitality, dining, nightlife and public access to the waterfront all thoughtfully integrated in one place,” said J.C. de Ona, Southeast Florida division president, Centennial Bank. “The sponsors have assembled the right expertise to execute a development of this scale, and Centennial Bank is pleased to stand behind their plans as construction moves forward.”
“Securing this construction financing is a significant milestone for Riverside Wharf and reflects the strength of our partnership with Driftwood Capital and MV Real Estate Holdings, as well as our shared confidence in the future of the Miami River,” said Dev Motwani, managing partner, Merrimac Ventures. “Together, we’re bringing back The Wharf—one of Downtown Miami’s most beloved waterfront destinations—while introducing the Dream Hotel, new restaurants and entertainment venues, and vibrant public spaces that that are intended to create an exciting new destination for residents and visitors alike.”
Tags: Dev Motwani, Merrimac Ventures Carlos Rodriguez Jr Driftwood Capital Alex Mantecon Breakwater Hospitality Group
