Commissioners sign off on downtown convention hotel

Miami /
Oct.October 10, 2014 09:45 AM

Miami commissioners unanimously approved city zoning code exemptions that will enable the construction of a 2.2 million-square-foot convention hotel on the former site of the Miami Arena.

Thursday’s decision allows MDM Development Group to build the 54-story, 1,800-room JW Marriott Marquis and Expo Center at Miami Worldcenter on a 4.7-acre parcel at 700 North Miami Avenue. It will be built just west of the first phase of Miami Worldcenter, developed by The Forbes Company and Taubman Centers, which will include 765,000 square feet of retail and 1,000 residential units.

Bruce Brosch, principal of Coral Gables architecture firm Nichols Brosch Wurst Wolfe & Associates, said the proposed project the firm designed is so massive that it could easily cover four city blocks, while the 800-room Loews Miami Beach Hotel could fit within its 100,000-square-foot main exhibition space.

The hotel will include two spacious ballrooms totaling 100,000 square feet and a 30,000-square-foot lecture hall.

MDM representatives claim the project will cost $600 million and require 5,500 construction workers to build. It may not be entirely funded by private money, however. MDM lobbyist Tony Recio told commissioners his client will seek a property tax rebate from Miami’s Southeast Overtown Park West Community Redevelopment Agency.

The subsidy is “very important to secure [private] financing,” Recio said.


Related Articles

arrow_forward_ios
From left: AMLI Residential’s Gregory Mutz; Terra’s David Martin; Grand Peaks Properties’ Luke Simpson; Related’s Jorge Perez; and Grand Peaks Properties' Nick Simpson (Getty Images, AMLI, Terra, Grand Peaks Properties, Related, Corwil Architects, Arquitectonica)
Development bonanza: Four Miami projects nab approval
Development bonanza: Four Miami projects nab approval
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
E11even co-owner Marc Roberts and Lynd President and CEO David Lynd and aerial of the development site at 941 North Miami Avenue (Google Maps, Sonya Revell, Lynd, Getty)
Lynd buys Miami Worldcenter multifamily dev site for $30M
Lynd buys Miami Worldcenter multifamily dev site for $30M
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
rendering of the Nautilus 220 condo project with Developers Daniel Kodsi of Royal Palm Companies and Peter Baytarian, managing partner at Forest Development (LinkedIn, Forest Development, VS Studios)
Forest Development, Royal Palm nab $269M condo construction loan
Forest Development, Royal Palm nab $269M condo construction loan
arrow_forward_ios

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

Loading...