The Gentin Group purchased approximately 13.9 acres of land currently housing The Miami Herald Company and an adjacent parking lot in addition to the Omni Center to which Gentin has acquired all outstanding mortgages from Miami Real Estate investors Jorge Perez, Jimmy Tate and Sergio Rok. Genting Malaysia Berhad (“Genting”) has selected Miami, Florida-based Arquitectonica as the Master Plan Architect for Resorts World Miami. Although not yet disclosed what was paid for the note what was disclosed is what the Gentin Group is going to do with the land. The proposal is the build a mega Resort unlike any ever seen in Florida. The scale of this project is just fascinating and if carried out like their masterpiece in Singapore, World Resorts Santona, I am sure we will not be disappointed.
But what does this mean for Miami and the Downtown area? Well it means new jobs, a continued revival for Downtown and a step in the right direction for anything and everything Real Estate related. Having this go to destination in our backyard will mean properties and neighborhoods in the adjacent areas will become prime real estate. This is so exciting…this is exactly what Downtown needs to take it to the next step, we have seen the changes taking place along the Biscayne corridor and how Midtown has taken a life of it’s own with walkable cafes, shops and restaurants this will be the icing on the cake.
The Resorts World Miami site will feature 800 feet of waterfront on Biscayne Bay to the east and is bounded by the MacArthur Causeway on the south, Biscayne Boulevard on the west, and the Venetian Causeway on the north. The land is located directly across the street from the Adrienne Arsht Center for the Performing Arts of Miami-Dade County and immediately north of Miami’s new Museum Park development, the future home of Miami Art Museum and Miami Science Museum.
Take a minute and read the full story below and take a look at the video it is truly expected to be a masterpiece! Downtown will never be the same….
World Resorts Miami Video
Read more: http://www.miamiherald.com/2011/09/14/v-fullstory/2407173/genting-unveils-plan-for-miami.html#ixzz1Y69e4Q48