Announced details
There is no capital, personnel or business relationship with the seller. Falcone Group, LLC is the local developer leading the development of Miami Worldcenter.
Miami A/I Parcel 3 Subsidiary, LLC is based in Boca Raton, Florida, U.S.A., with Alfonso Costa as its Manager, and is engaged in real estate. Falcone Group, LLC is a local developer based in Florida.
155 NE 10th St, Miami, FL 33132, U.S.A. (within Miami Worldcenter)
The company considers the impact on its results for the fiscal year ending August 2026 to be minor, but states that the project is expected to contribute to improvements in results and corporate value over the long term.
The company does not address Contract Value / Offering price.
| Item | Details |
|---|---|
| Names of Products / Services Covered | BLOCK C EAST Project (provisional name), Mixed-use hotel and residential complex (planned) |
| Counterparty | Miami A/I Parcel 3 Subsidiary, LLC, Falcone Group, LLC |
| Counterparty overview | Miami A/I Parcel 3 Subsidiary, LLC is based in Boca Raton, Florida, U.S.A., with Alfonso Costa as its Manager, and is engaged in real estate. Falcone Group, LLC is a local developer based in Florida. |
| Relationship with the Company | There is no capital, personnel or business relationship with the seller. Falcone Group, LLC is the local developer leading the development of Miami Worldcenter. |
| Launch date | 2 April 2026 (actual date of business launch and project commencement) |
| Applicable area | Hotel Development and Operations, Residential development, Mixed-use development |
| Location | 155 NE 10th St, Miami, FL 33132, U.S.A. (within Miami Worldcenter) |
| Location scale | Approx. 5,700 sq. m (site area) |
| Impact on Business Performance | The company considers the impact on its results for the fiscal year ending August 2026 to be minor, but states that the project is expected to contribute to improvements in results and corporate value over the long term. |
Items this document does not state (9)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company decided to enter the U.S. market after comprehensively considering its business foundation in hotel development and operations developed in Japan, as well as supply and demand conditions in the U.S. hotel and residential markets.