From left: Former Miami Herald headquarters and earlier Genting renderings for the site
The Malaysia-based Genting Group has torn down the entrance to the former Miami Herald building and a two-story parking garage on the site as part of a mixed-use mega-development.
It plans for a five-star hotel, luxury condos, restaurants, retail and an 800-foot promenade along 14 Biscayne bayfront acres. The initial proposal called for an $3.8 billion casino, but that has been significantly scaled back. State legislators have yet to grant Genting a gambling license for Downtown Miami.
Last month, Genting moved into the Omni Offices building at 1501 Biscayne Boulevard next door to the construction site, as previously reported.
Genting paid $236 million for the former Herald site. The newspaper moved from its former downtown location to Doral in May. [South Florida Business Journal] — Mark Maurer
via The Real Deal Miami http://feedproxy.google.com/~r/trdnews_miami/~3/YnNr6Fb3oqA/
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