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

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

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

2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

Madison Realty Capital'a Josh Zegen and Fort Partners' Nadim Ashi  

Four Seasons in Fort Lauderdale scores $210M loan

Christopher Nassetta and Doubletree by Hilton Doral managed by Driftwood Acquisitions and Development

Hilton CEO warns against ignoring global warming threat

Rattan Chadha, Executive Chairman & Founder of CitizenM

CitizenM scores $48M loan to build Brickell hotel

Placeholder image

Blackstone sells Weston hotel for $12M

Rendering of One Eleven Wynwood Hotel by Sonder and Eduardo Vargas, Andres Hogg and Andres Klein

Sonder inks lease for flagship Wynwood hotel

A conceptual rendering and Lon Tabatchnick

Margaritaville developer plans another Hollywood hotel despite opposition

Ambassador Hotel Cooperative Apartments (Credit: iStock)

Copperline Partners closes on bulk co-op deal in Palm Beach