Park West developer insists casino not in the mix

New York /
Oct.October 10, 2008 07:10 PM

The managing director of a limited liability company that wants to transform the Park West area into a 24-hour mini-city insists there are no plans to throw casinos into the mix.

The Miami Worldcenter Group LLC, owned by Palm Beach developers Art Falcone and Marc Roberts, is buying up 25 acres in the Park West neighborhood — located near Downtown Miami and Overtown, and bounded by NE Second Avenue, North Miami Avenue, NE 11th Street and NE Sixth Street — and developing it into pedestrian malls, new hotels, retail, restaurants and entertainment venues.

The project so far has the backing of Miami Mayor Manny Diaz and city administrators, who are seeking a special “Miami Worldcenter” special zoning district for the mega-project.

Falcone and Roberts created a political action committee that is pushing for a referendum in 2010 for a further expansion of casino gambling in South Florida, the Miami Herald reported. Among the areas that would qualify for slot machines, blackjack, high stakes poker and other casino games would be the future Miami Worldcenter district in Park West, the newspaper said.

But, Nitin Motwani, managing director of Miami Worldcenter Group LLC, flat out denied there would be any casino gambling in the new mini-metropolis.

“Our master plan is not anticipating [casino gambling] and our zoning will not allow it,” he said at Monday’s Miami community redevelopment agency meeting, an agency overseen by Miami city commissioners, which seeks to bring economic prosperity within designated “blighted” areas like Southeast Overtown-Park West.

The special zoning district still has to be approved by the Miami City Commission, which will hold hearings on the Miami Worldcenter district on October 16 and 23 and November 13.

Motwani declined to say how much Miami Worldcenter Group LLC plans to invest in Park West. “The numbers are still up in the air,” he said.

The project will go before the city of Miami’s planning advisory board October 15.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Jonathan Kalikow and a rendering of 3 Sutton Place

Court overturns ruling that would have upended “the whole land development industry”

Court overturns ruling that would have upended “the whole land development industry”
Authentic Brands CEO Jamie Salter with 611 Fifth Avenue (Getty; Google Maps)

Barneys to make a comeback

Barneys to make a comeback
Starcity CEO Jon Dishotsky, Ollie President Gregg Christiansen and Long Island City's Alta Tower (LinkedIn, Alta LIC via Facebook, iStock)

Starcity scoops up co-living rival Ollie’s assets

Starcity scoops up co-living rival Ollie’s assets
Renderings by Archimaera

LIC will soon house the nation’s largest passive house office

LIC will soon house the nation’s largest passive house office
Israel Securities Authority chair Anat Guetta and Denizen Bushwick (Photos via Israel Securities Authority; Denizen Bushwick)

All Year fined by Israeli securities authorities, faces new scrutiny

All Year fined by Israeli securities authorities, faces new scrutiny
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...