The Real Deal Miami

Genting adds more Miami land

August 31, 2011 10:24AM

Genting, which purchased
the Miami Herald headquarters
site for $236 million in May, has
bought an additional 3.6 acres west of the property. The Malaysian
company paid $30 million for the extra land, which sources say could be
used for parking. A group of sellers included former Sony Music
executive Tommy Mottola. Genting
plans a $3 billion resort at the Herald location, which is directly on
Biscayne Bay. [SFBJ]