
Merrimac Ventures
Caoba MWC
698 NE 1st Avenue, Miami, FL (Caoba phase 1 tower, Miami Worldcenter), Florida
Caoba MWC is a new pre-construction condominium by Merrimac Ventures in Miami, Florida.
Caoba MWC is a two-tower residential project within Miami Worldcenter, built by Merrimac Ventures. The first tower opened in 2019 with 444 apartments.
A second-phase tower with about 420 apartments is now under construction. No completion date has been announced.
Key project details
- Location
- 698 NE 1st Avenue, Miami, FL (Caoba phase 1 tower, Miami Worldcenter), Miami, Florida
- Developer
- Merrimac Ventures
- Home types
- Rental apartments; first tower 444 units, second-phase tower planned with about 420 apartments
- Occupancy
- First tower delivered 2019; second-phase tower under construction, completion date not announced
Gallery
How this listing is verified
- ✓ Listing facts compiled from multiple public sources and cross-checked by LIQWD's audit system
- ✓ Pricing and availability update as builders release them — last updated October 14, 2026
- ✓ Corrections from verified agents and builders are reviewed by our team — pre-construction details change; confirm final terms with the sales team
Local amenities
The project is part of Miami Worldcenter, a large mixed-use district in central Miami. A specific list of nearby hospitals, schools, shops and parks is not available for this page, so we have not named individual places. Contact the builder or register for details on the surrounding neighbourhood and on-site features.
Getting around
The address at 698 NE 1st Avenue places residents in central Miami, a core area served by the region's major highways, including I-95 and I-395, as well as the Miami-Dade transit network. Confirm specific stations and routes with the builder or a local transit map.
About Merrimac Ventures
Merrimac Ventures is the developer behind Caoba MWC. Further details about the company's wider portfolio are not supplied here, so we limit this note to its role in delivering both phases of this Miami Worldcenter project.
Buying pre-construction at Caoba MWC
Buying a new-construction condo in Florida typically begins with registering your interest so the builder can share floor plans, pricing and availability. Early registrants often see releases first, and buying early in a release can mean a wider choice of units.
Deposits are commonly staged over time, with amounts and schedules set out in the purchase contract. Confirm the specifics with the builder. Closing generally follows once the building is complete and the unit can be legally occupied.
For new condominiums in Florida, buyers have a 15-day rescission period under FS 718.503. Have a real estate lawyer review the contract and disclosure documents before signing.
Frequently asked questions
Where is Caoba MWC located?
Caoba MWC is at 698 NE 1st Avenue in Miami, Florida, within the Miami Worldcenter development. The address refers to the phase 1 tower.
Who is the builder?
The developer is Merrimac Ventures.
How many apartments are there?
The first tower has 444 apartments. A second-phase tower is planned with about 420 apartments.
When will the second tower be complete?
The second-phase tower is under construction, but a completion date has not been announced. The first tower was delivered in 2019.
What are the prices?
Pricing is not published here. Register your interest and the builder can confirm current pricing and availability.
What protections apply to buyers of new condos in Florida?
Florida law provides a 15-day rescission period for new condominium purchases under FS 718.503. Confirm how it applies to your contract with the builder and your lawyer.
How do I get more information?
Register through LIQWD to receive updates. The builder will confirm unit types, sizes, deposit terms and timing.
Information last updated October 14, 2026. Details are provided by the builder and may change without notice.
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