The Real Deal Miami

Other buyers emerge for Miami School District property as Genting pulls back

May 08, 2012 11:15AM

A rendering of Genting's planned resort

Other interested buyers have reportedly emerged for a swathe of Miami real estate owned by the Miami-Dade School District after interest by Genting has faded, the Miami Herald reported. While Genting was reported to have been the primary suitor for the property in late 2011, the company is focusing on the property it already owns on Biscayne Bay. “Though we initially indicated interest on the School Board properties, we have since decided to move forward developing Resorts World Miami on the nearby Miami Herald site, independent of the School Board land,” said Jessica Hoppe, vice president and general counsel for Resorts World Miami. [Miami Herald]