Best Western boutique brand to debut at 7.4-acre Edgewater site

200-room hotel will be the cornerstone of a 7.4-acre mixed-use development

Apr.April 27, 2015 03:30 PM

Rendering of Vib by Best Western

Best Western’s new boutique brand will make its South Florida debut in Miami’s Arts and Entertainment District.

Vīb, short for vibrant, will one of two properties in the U.S. Best Western will team up with Richard Meruelo, who purchased the 7.4-acre lot for $64 million in January, to develop the hotel as the cornerstone of a larger residential and retail project, according to a press release.

The 200-room hotel will be 10 stories tall and is expected to break ground in November 2015, the Next Miami first reported.

“The site where we are developing Vīb is an eclectic neighborhood full of art studios, hip restaurants, and independent shops and is home to Miami’s famous festival, Art Basel,” Meruelo said in a statement. “Our family has been involved in developing and investing in Miami for many years and we view this project as an example of our continued commitment to investing in our communities. This project will add to the vibrancy of the Arts and Entertainment District and be a boost to the local economy.”

Meruelo’s company Rebuild Miami-Edgewater also acquired a $34 million mortgage at the time of the sale. BDB Miami owned the site for nearly a decade and had previously planned a large retail development called Bayview Market. It received approvals for 550,000 square feet of big box retail but never started construction.

The second Vīb in the U.S. will be in Chicago.

Related Articles


Montreal buyer scoops up Shuckers Waterfront Grill

Volume of Miami hotel sales rose 154 percent in 2011: report

Man-Co pays $50M for Miami Beach Best Western

Vero Beach a hub of discount luxury

Hotel gets $12M loan despite crunch

Ken Stiles and The Westerra development site in Sunrise (Credit: Stiles Corp.)

Stiles sells site of planned Sunrise mixed-use project

Join The Real Deal at its sixth annual Miami Showcase & Forum this week

999 Ponce and Benjamin H. Silver  

Downtown Coral Gables office building asks $40M