Riverside Wharf Miami: A $300M Waterfront Landmark Set to Transform the City
Miami’s iconic riverfront is about to undergo a dramatic transformation with the highly anticipated Riverside Wharf Miami project. Valued at $300 million, this ambitious development is set to break ground by summer 2025, ushering in a new era of luxury hospitality, entertainment, and waterfront dining.
A Vision for the Future
Spearheaded by Alex Mantecon and Emi Guerra, the masterminds behind The Wharf Miami, the Riverside Wharf project is a collaborative effort involving MV Real Estate Holdings, Driftwood, Merrimac Ventures, and Breakwater Hospitality Group. Together, they aim to redefine Miami’s riverfront by integrating high-end accommodations, world-class dining, and a vibrant nightlife scene.
Key Features of the Development
Dream Hotel: A New Luxury Destination
At the heart of Riverside Wharf stands the eight-story Dream Hotel, a distinguished luxury brand under Hyatt Hotels. This 167-room boutique hotel is designed to attract both locals and visitors, offering an upscale experience that blends seamlessly with Miami’s dynamic culture.
A Premier Entertainment Complex
Adjacent to the hotel, the development will feature a six-story, 100,000-square-foot entertainment hub. Highlights include:
-
High-End Dining: Restaurants specializing in Asian and Italian coastal cuisine.
-
Nightlife & Clubs: A state-of-the-art nightclub with special zoning permits, allowing operations until 5 a.m., promising an unrivaled Miami nightlife experience.
-
Marina & Docking Space: A 540-foot dock, capable of accommodating superyachts, enhancing Miami’s reputation as a luxury boating destination.
Garcia’s Seafood Expansion: A Local Legacy Continues
A partnership with the Garcia family, renowned for nearly 50 years of expertise in the seafood industry, will introduce a new fish market, raw bar, and outdoor dining space. This expansion seamlessly blends local authenticity with the project’s upscale atmosphere.
A Transformative Impact on Miami
Revitalizing the Miami Riverfront
Stretching from the I-95 overpass to Northwest First Street, Riverside Wharf is set to revitalize a historically underutilized area. The project is expected to serve as a catalyst for future investments, turning this section of the Miami River into a bustling urban hub.
Community & Economic Growth
The development has secured widespread community support, having received approvals through two referendums. Developers have committed to investing a minimum of $30 million in infrastructure improvements, including:
-
A new seawall
-
Enhanced public riverfront access
-
A 50% increase in rent payments to the city, reinforcing its long-term economic benefits.
Looking Ahead: Miami’s Next Landmark Destination
The Riverside Wharf project marks a significant milestone in the evolution of Miami’s waterfront. With its combination of luxury accommodations, fine dining, and premier entertainment, it is poised to become a flagship destination for both locals and tourists. As Miami continues to grow, Riverside Wharf stands as a testament to the city’s commitment to urban revitalization and waterfront excellence.