Miami Worldcenter convention hotel to be redesigned

Project will now be built in two phases

TRD MIAMI /
Mar.March 15, 2016 11:15 AM

An up-to-date rendering of the hotel, left, and an early version, right

MDM Development Group is reportedly going back to the drawing board for its convention center hotel in downtown Miami.

The $525 million project, officially named the Marriott Marquis Miami Worldcenter Hotel & Expo, was originally planned to house about 365,000 square feet of convention space and an 1,800-room hotel.

MDM was to build the entire project in one phase. But now that the markets have shifted, the developer plans to build the project in two phases, the Miami Herald reported.

The hotel portion will now be split into two towers — one with 1,100 rooms, the other with 600 rooms — so that construction financing can be quickly obtained, an attorney representing MDM told the Herald.

MDM might have to gain new city approvals for the redesigned project, according to the Herald, and is still in the midst of vying for an incentive package that would award the developer $115 million worth of tax credits if it agrees to hire local workers at certain wages.

The news comes two months after Miami Worldcenter scrapped its original closed mall design in favor of “High Street Retail” similar to that of Miami Beach’s Lincoln Road. Developers Nitin Motwani and Art Falcone cited a shifting retail market as one major reason why their plans for a 760,000-square-foot mall were downsized by roughly 400,000 square feet. The project has since broken ground. [Miami Herald]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
From left: Cecilia Estevez, Mika Mattingly, and Jack Lowell

A piece bordering the $4B Miami Worldcenter megaproject just hit the market

Peggy Fucci, Dan Kodsi and a rendering of Paramount Miami Worldcenter

4 years in the making, Paramount Miami Worldcenter condo tower is complete

Rendering of Miami Worldcenter and Kevin Lalezarian

Miami Worldcenter developers sell another piece of their pie

Flying carport rendering (Credit: Vimeo)

Flying carport at Miami Worldcenter featured on CBS Sunday Morning

ZOM Living buys land, scores financing for Luma at Miami Worldcenter

Fifield Companies plans 500-plus unit apartment tower at Miami Worldcenter

Miami Worldcenter taps Comras to partner on retail leasing

Co-living firm Common is expanding to Miami, Brightline’s IPO delayed due to shutdown & other takeaways from TRD panel

arrow_forward_ios