Miami Worldcenter Associates, led by Principal Art Falcone and Managing Partner Nitin Motwani, serves as the master developer for the mixed-use Miami Worldcenter project. In 2011, Miami Worldcenter Associates partnered with CIM Group, a Los Angeles-based real estate investment company that makes equity and debt investments in urban communities throughout North America. Together, they have assembled a best-in-class team of developers that will help bring the Miami Worldcenter vision to life. Learn more at www.miamiworldcenter.com.
Art Falcone
Founding Principal
Founding Principal
Arthur Falcone has over 35 years of executive experience and a proven track record of success in all areas of real estate. As the founding principal of Miami Worldcenter, his vision and expertise were pivotal to its creation.
Mr. Falcone is also the cofounder and managing principal of Encore Capital Management, a diversified, multiple-fund real estate investment and development firm with more than $1 billion under its management. Prior to founding Encore, he was the CEO and chairman of the board of the Falcone Group, a vertically integrated real estate and land development organization. Mr. Falcone serves on the board of trustees for Nova Southeastern University, where, in 2006, he was inducted into the school’s Entrepreneur Hall of Fame. He is also actively involved in Crohn’s and Colitis charities, the Junior Achievement Hall of Fame, and SOS Children’s Village.
Nitin Motwani
Managing Partner
Managing Partner
As Managing Partner for Miami Worldcenter Associates, Mr. Motwani has overseen the development of Downtown Miami’s $4 billion Miami Worldcenter mixed-use real estate project since 2006. Mr. Motwani is responsible for every facet of the project, including land acquisition, zoning and entitlements, financing (public and private), joint ventures and development. Mr. Motwani is currently overseeing $1.5 billion of development at Miami Worldcenter.
Nitin Motwani also serves as Managing Partner for Merrimac Ventures, a real estate investment and development firm based in Fort Lauderdale, FL. The firm’s portfolio primarily focuses on prime resort and mixed-use development, but also includes extensive investments in multifamily residential, condominium, retail, and office developments. In this role, Mr. Motwani is involved in all aspects of acquisitions, development, and capital markets for mixed-use projects as well as hotel, office, retail, and residential assets on a national scale.
Prior to joining Miami Worldcenter, Mr. Motwani was an equity derivatives trader at Goldman Sachs in New York. Mr. Motwani was also involved in the creation of Encore Housing Opportunity Fund (Encore), a private equity fund focused on opportunistic real estate investments and development. He has overseen investments totaling more than $1 billion in Florida, California, Texas and Arizona through his work with Encore.
An active member of the greater South Florida business community, Mr. Motwani serves on the board of the Miami Downtown Development Authority where he is the co-chair of the enterprise committee. He also served as Board Chair of the University of Miami’s Master of Real Estate Development (MRED) program and is currently on the board. He has also served as Co-Chair for One Community One Goal, Miami Dade County’s long term strategic plan for economic development. Nationally, he is a member of Young Presidents’ Organization (YPO), Urban Land Institute (ULI), and International Council of Shopping Centers (ICSC). He is also a member of City Year’s Red Jacket Society. Mr. Motwani is actively involved in the R. Motwani Family Academy of Hospitality and Tourism Management at Broward College.
Mr. Motwani earned a Bachelor’s degree in International Relations from Duke University and holds a Master of Science in Real Estate Development from Columbia University.
CIM Group
CIM is a community-focused real estate and infrastructure owner, operator and lender. Since 1994, CIM has led more than $60 billion of projects in metropolitan communities across the Americas on behalf of its own account and for its partners and co-investors. CIM’s broad in-house expertise includes decades of research, acquisition, credit analysis, development, finance, leasing and property management experience in real assets located in and serving densely populated communities, net-lease assets and other associated credit strategies. By utilizing its disciplined approach and extensive in-house expertise, CIM seeks to create value in projects, which ultimately enhances communities. For more information, visit www.cimgroup.com.
Benjamin Feldman
Director
Director
Max Ducharme
Director
Director
Max is a Director for Miami Worldcenter, working alongside Nitin Motwani across all areas of the business including deal structuring, legal, and financial matters. More specifically, Max oversees the company’s transaction related matters, including land sales, underwriting, and financial structuring. In addition, Max plays an active role in retail leasing and in planning and executing company strategy. Since joining Miami Worldcenter, Max has been involved in capitalizing over $1B in development across multiple property types.
Prior to joining the MWC team, Max was Head of Strategy for Bite Lietuva, a telecom operator in Eastern Europe, and was a member of the M&A Advisory group in KPMG’s New York City office. Max received his MBA from The Wharton School of Business at the University of Pennsylvania and a B.S. in both Accounting and Finance from Lehigh University.
Rosa Pineda
Controller
Controller
Rosa is the Corporate Controller for Miami Worldcenter, overseeing the day-to-day financial operations and accounting department for the development. She is responsible for the accounting, auditing, financial reporting, and the company’s corporate books, which are comprised of various partnerships. Rosa brings 25 years of experience in accounting to the Miami Worldcenter team.
Prior to joining the Miami Worldcenter team, Rosa was instrumental in the exponential growth of two start-up businesses as a direct result of her financial and business leadership contributions.
Alexa Cohn
Office Manager and Executive Assistant
Office Manager and Executive Assistant
Alexa serves as the Office Manager for Miami Worldcenter while also maintaining her responsibilities as Executive Assistant to Nitin Motwani. Alexa oversees the day-to-day operations of the Miami Worldcenter team including, but not limited to, acting as the liaison between the company’s investment, accounting, leasing, technology, public relations, and marketing teams.
Alexa earned a Juris Doctor from Nova Southeastern University and is licensed to practice law in Florida. Prior to attending law school, Alexa earned a Bachelor’s Degree in Communications from Florida State University.
