The Genting Group, the Malaysian gaming company that purchased the Miami Herald site, has received a permit to demolish the media company’s former headquarters, the Herald reported.
The demolition of the iconic white-and-yellow structure on Biscayne Bay is set to take place by the end of the year, the Herald reported, citing a statement released by Bill Thompson, senior vice president of development for Resorts World Miami, a Genting Group subsidiary.
Genting’s initial $3.8 billion casino project has been significantly scaled back, according to plans revealed in March. The company now plans a mixed-use complex with a five-star hotel, luxury condos, restaurants, retail and a 800-foot promenade along Biscayne Bay, the Herald said.
Genting paid $236 million for the former Herald site, which includes almost 14 bayfront acres.
The Herald moved from its former downtown location to Doral in May. [Miami Herald] — Emily Schmall