Miami Condo Market and Lifestyle Updates
After Legislative Denial, Genting Returns with Condo Plans for 2014

After Legislative Denial, Genting Returns with Condo Plans for 2014

by Sep Niakan | May 17, 2013

With its initial ideas to erect a 5,200 room casino resort on the remains of the demolished historic Miami Herald headquarters having been shot down by local legislators, the Genting Group has scaled back its grander plans in lieu of a more modest luxury hotel and pair of condo towers. And while plans still call for the destruction of the old Herald headquarters, the new proposal calls for a fewer than 500-room luxury hotel with no more than 100,000 square feet of commercial space and two towers with several hundred residential units. Genting currently expects to sign an agreement by the end of the year for at least a four-star branded hotel while marketing is also going to begin for the sale of the luxury condos.

According to Genting’s senior vice president of development Bill Thompson, the company has decided to “…go with a phased approach. That seems to be more conducive with what’s acceptable in Miami. You start out with the waterfront property and that improves the value across everything else. Then you stay fluid based on what’s happening in the marketplace.”

After all relevant deals have been struck, demolition of the nearly 14 acre bay front site of the headquarters building will “herald” the commencement of construction. The trio of towers will line a 50-foot wide promenade Genting’s own Resorts World Miami project and Miami’s museum development project Museum Park. The promenade is also scheduled to include a handful of restaurants overlooking Biscayne Bay accessible to pedestrians via a boardwalk from under the I-395 overpass out into the bay.


Renderings of Genting:


Image Credit:

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...