MIAMI — The Genting Group has unveiled plans for the $3 billion, 10 million-square-foot Resorts World Miami, a mixed-use development to be located on the current Omni Center and Miami Herald sites in downtown Miami.
“Resorts World Miami will accelerate Florida’s evolution as a global destination at the crossroads of the Americas,” said KT Lim, chairman and chief executive of Genting in a statement. “Most importantly, Resorts World Miami will boost confidence in Florida’s economy, creating 15,000 direct and indirect construction jobs and 30,000 permanent positions on an ongoing basis, attracting more inbound investment, and substantially increasing the tax base for the city, county and state.”
The development will include four hotels with a total of 5,200 rooms and two residential towers with 1,000 units. The towers will sit atop eight stories of commercial uses, including a 250,000-square-foot luxury retail galleria; more than 50 restaurants, lounges, bars and nightclubs; 700,000 square feet of convention and meeting space; a 200,000-square-foot ballroom and a multimedia entertainment area showcasing the music and culture of Florida and South America. Additionally, a casino will be added if Florida’s legislature and governor approve it.
Miami-based Arquitectonica has been retained as the architect for the project. Genting is expected to break on the development early fall 2012, with completion slated for the fall of 2014.
— Savannah Duncan