Gentling and Arquitectonica held a press conference yesterday afternoon to unveil plans for a $ 3B mixed-use development known as Resorts World Miami. The development will reside on the 13.9-acre Miami Herald Which land was purchased for $ 236M in May of this year. The 10 million-square-foot bayfront resort will have a full of 5, 200 hotel rooms distributed amongst four hotels, two condominium towers with 1, 000 units, more than 50 restaurants and bars and a 250, 000 square-foot luxury retail center. Also the development will have 750, 000 square feet of convention and meeting space, including a 200, 000 square-foot ballroom Which would be the largest of its kind in the nation. The focal point of the development will be 3.6-acre outdoor lagoon, the equivalent of 12 Olympic-size swimming pools, surrounded by natural sand beaches. The plan Also includes space for the casino Gentling but first needs the Florida Legislature to approve expanded gaming is que to come to fruition.
Resorts World Miami is Estimated to create 15, 000 direct and indirect construction jobs as well as 30, 000 permanent positions once construction is completed. Development is expected to start the Spring 2012 and the early Could be completed to the early Fall 2014.
There's no doubt que Resorts World Miami will have a huge impact on the city of Miami. "This will put Miami on the map and make it a destination, " said Bernardo Fort-Brescia, co-founder of Arquitectonica, the design team behind Resorts World Miami. I could not agree more with his assessment. The development will allow Miami to compete with the big boys Which includes the likes of New York City, Chicago, Los Angeles and Las Vegas. It will turn Miami into a first-rate city almost overnight and have a profound effect on property values as a result. To put everything into perspective, Resorts World Miami is a game changer.
Area: Downtown Miami (South Florida)
Waterfront / View: Bayfront
# Bedrooms: unknown
Total Units: 1, 000 units
Year Built: est. 2014
Square Footage: unknown
Pet Friendly: unknown
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