Virgin Voyages unveils plans for $150M terminal at PortMiami

Arquitectonica is designing the project

Miami /
Nov.November 28, 2018 01:45 PM

Rendering of Virgin Voyages terminal and Richard Branson (Credit: Getty Images)

Virgin Voyages unveiled its proposal for a multimillion-dollar terminal at PortMiami.

Virgin Group founder Richard Branson on Wednesday announced plans for the new 100,000-square-foot cruise terminal located on the northwest side of the port. Construction would begin if and when the Miami-Dade County Commission approves the project, which would be completed by November 2021.

The $150 million, two-story storm-proof glass terminal is being designed by Arquitectonica, according to a release.

Virgin’s Scarlet Lady ship will continue to dock in Miami through 2021 and the second ship will sail from Miami for the fall and winter cruise season of 2021/2022. Virgin recently became a minority investor in Brightline, which is rebranding to become Virgin Trains USA. The private passenger-train operator also recently filed with the SEC to go public.

Virgin isn’t the only cruise line to invested hundreds of millions of dollars into a new terminal at PortMiami. Earlier this year, Royal Caribbean unveiled a new 170,000-square-foot, ship-shaped facility, which it funded with a $247 million loan from Sumitomo Mitsui Banking Corp. and infrastructure support from the county.

In March, Norwegian Cruise Line Holdings unveiled its new PortMiami design scheduled for completion in the fall of next year.


Related Articles

arrow_forward_ios
Regalia condominium tower at 19575 Collins Avenue in Sunny Isles Beach (Google Maps)
Regalia association scores $18M settlement in construction defects lawsuit
Regalia association scores $18M settlement in construction defects lawsuit
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
Alliance Residential Company CEO Bruce Ward and 6595 Morikami Park Road (Google Maps)
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Arbor Management Acquisition Company heads Ivan Kaufman and Maurice Kaufman with a rendering of Aventura Park (Anillo Toledo Lopez, iStock)
Arbor Management buys multifamily dev site near Aventura for $10M
Arbor Management buys multifamily dev site near Aventura for $10M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
A photo illustration of Brickell City Centre (Illustration by Kevin Rebong for The Real Deal)
Brickell City Centre developer sues Arquitectonica, contractors over alleged defects
Brickell City Centre developer sues Arquitectonica, contractors over alleged defects
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail
Altman scores $55M construction loan for Ludlam Trail project
Altman scores $55M construction loan for Ludlam Trail project
arrow_forward_ios

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

Loading...