Genting, Jorge Perez discuss development partnership

Miami /
Jun.June 16, 2014 10:30 AM

Unable to get Florida Legislature approval to build a destination casino since acquiring the former Miami Herald headquarters three years ago, Genting reached out to Jorge Perez to see if the Related Group would be interested in partnering on a mixed-use project at the waterfront site.

Perez told the Herald an executive with the Malaysian gaming giant recently reached out to him about a development partnership. Genting is believed to be pursuing a hotel, condo and retail project on the 14 acres in downtown Miami. The Related Group chairman and CEO described the discussion as preliminary.

“They called me to see if I’m interested in maybe developing together,” Perez said. “We’ll probably talk again. It’s a great site.”

Genting also refuted marketplace rumors that the company is looking to sell its downtown land. Christian Goode, president of Genting’s Resorts World Miami, told the Herald in a written statement the company is focused on developing the site.

Goode declined to address the company’s talks with Perez. [Miami Herald]Eric Kalis


Related Articles

arrow_forward_ios
Here are the resi projects planned for downtown Fort Lauderdale
Here are the resi projects planned for downtown Fort Lauderdale
Here are the resi projects planned for downtown Fort Lauderdale
409 Southeast Eighth Street in Fort Lauderdale with Related Group CEO Jorge Pérez and President Jon Paul Pérez and Henry Pino, principal at Alta Development (Google Maps, Alta Development)
Jorge Pérez’s Related, Henry Pino pay $15.5M for Fort Lauderdale dev site
Jorge Pérez’s Related, Henry Pino pay $15.5M for Fort Lauderdale dev site
Wynwood in Miami (Google Maps, iStock)
Here are the residential projects planned for Miami’s Wynwood
Here are the residential projects planned for Miami’s Wynwood
A rendering of 2629 North Riverside Drive and a rendering of Casamar (Casamar)
South Florida by the numbers: Pompano Beach’s moment in the sun
South Florida by the numbers: Pompano Beach’s moment in the sun
South Florida by the numbers: Miami developers stay nimble
South Florida by the numbers: Miami developers stay nimble
South Florida by the numbers: Miami developers stay nimble
Jorge Pérez vs Stephen and Louise Kornfeld with a rendering of Icon Marina Village (Related Group, Getty, Wikipedia)
Related Group allegedly jilted investors in waterfront West Palm resi project: lawsuit
Related Group allegedly jilted investors in waterfront West Palm resi project: lawsuit
Tricap's David Edelstein, Related's Nick Perez and a rendering of NoMad Residences Wynwood (Getty, Related)
Related, Tricap launch sales of NoMad-branded condos in Wynwood with Casa Tua
Related, Tricap launch sales of NoMad-branded condos in Wynwood with Casa Tua
Rishi Kapoor, Eric Fordin, Suzanne Amaducci-Adams with The Crosby and Urbin
Investors flock to short-term rental condo projects in Miami
Investors flock to short-term rental condo projects in Miami
arrow_forward_ios

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

Loading...