The Real Deal Miami

Genting takes baby steps at old Miami Herald site

February 10, 2014 03:45PM

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A rendering of Resorts World Miami

A rendering of Resorts World Miami

Development titan Genting is waiting patiently for new legislature on gambling in Florida before plowing forward with its 5,000-room casino project at the former site of the Miami Herald headquarters.

The firm is looking to revive its plans to build a smaller complex on the waterfront, because it could be easier to acquire a single building permit. In addition to the casino plan, it wants to build three 60-story condominium towers at the Herald site. The Federal Aviation Administration recently gave approval for the properties to be as tall as 642 feet high.

Earlier this month, Genting dramatically scaled back the gambling component of its resort development. The proposed casino would be the first in Downtown Miami. If state lawmakers and gambling regulators approve the proposal, Genting’s Resorts World Miami could open 2,000 slot machines and simulcast betting on horse races as part of the larger development. [Miami Herald]Mark Maurer 

  • janis

    There aren’t even enough buyers to buy all of these units. This city is going crazy.

  • Glenn E. Gromann

    Plenty of buyers. Miami would be out of condo units in 12 months if gaming were approved.

  • janis

    IF*********

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