FIU plans to build hotel as part of $66M project

Development calls for alumni center, meeting space and 150-bed hotel

TRD MIAMI /
Mar.March 29, 2019 06:19 PM

Mark B. Rosenberg, FIU Chairman and a rendering of the project

FIU will build a hotel, alumni center and conference center on its main campus as part of public-private partnership.

The $66 million project in Sweetwater will include a 13,700 square-foot alumni center, 33,000 square feet of meeting space and a 150-bed hotel. It will be privately funded, and is expected to open by the fall of 2021, according to a release. The meeting space will host academic, research, and professional conferences as well as special events and tours.

Concord Benchmark is the developer, Rabun Architects is the architect and Moss & Associates will build the on-campus project. The Trustees of the Internal Improvement Trust Fund of the State of Florida have to approve the project before construction can begin.

The project will be across the street from a 7-acre property being built by Global City Development. That development will accommodate about 2,300 students in two 20-story towers. A third tower will provide housing for faculty and staff, along with several hundred thousand square feet of commercial space. Global City raised nearly $228 million in bond financing to complete the project, which was planned as student condos and later converted to rentals.

Concord Eastridge’s other projects include a 23-acre former Fredericksburg Park & Shop retail center in Fredericksburg, Maryland. It’s also constructing a $55 million campus center for the University of Mary Washington.


Related Articles

arrow_forward_ios
The Julia hotel, Jesper Arnoldsso

SMS Lodging lists Miami Beach hotel after selling another for $21M

Daily Digest Miami

Rise in climate-related home buyouts could worsen housing inequality, Eurostars parent buys historic downtown Miami property: Daily digest

From left: Stambul’s Daniel Peña, Hotusa Group's Amancio López Seijas and Langford Hotel at 121 SE 1st Street (Credit: Google Maps and Hotusa)

Hotusa Hotels buys the redeveloped Langford for $37M

Jeffrey Soffer and the Diplomat Beach Resort (Credit: Getty Images)

Jeffrey Soffer in talks to buy 1,000-room Diplomat Beach Resort for under $1B: report

Cavalier and Henrosa hotels with Susan Gale of One Sotheby’s International Realty

Two South Beach hotels hit the market for $42M

From left: Jay Roberts, Keith Menin andRussell Galbut

Russell Galbut, Keith Menin ink deal with short-term rental operator Domio

Rendering of the Moxy Hotel, Pierre Charalambides and David Grutman (Credit: Kobi Karp)

Wynwood is getting its own Moxy hotel

Regency Hotel Miami (Credit: Google Maps)

Regency Miami near Beckham’s planned soccer complex trades for $26M

arrow_forward_ios