MIAMI-Genting Malaysia Berhad just hand-picked a hometown architecture firm to plan its market-changing Resorts World Miami. Arquitectonica will serve as the master plan architect for the $3-billion mixed-use project.

Three weeks ago, Genting purchased about 13.9 acres of land that’s currently home to the Miami Herald and an adjacent parking lot for its Resorts World Miami. The project will include hotel, convention, entertainment, restaurant, retail, residential and commercial facilities designed in line with Miami 21, the city’s zoning code. The development will create tens of thousands of construction and permanent jobs.

“We have identified a local firm with global expertise which will generate much needed work for the Florida architecture industry,” says KT Lim, chairman and CEO of Genting. “Working with Arquitectonica, we will invite other world-class architects to design specific elements of the master plan, providing iconic buildings and structures that will further enhance the Downtown Miami skyline.”

The Resorts World Miami site features 800 feet of waterfront on Biscayne Bay to the east and is bounded by the MacArthur Causeway on the south, Biscayne Boulevard on the west, and the Venetian Causeway on the north. Both causeways link Miami International Airport with Downtown Miami and South Beach.

“I have visited Resorts World Sentosa in Singapore and was impressed by the design, the quality of landscaping, the world class art and the high caliber of the project’s operations,” says Bernardo Fort-Brescia, co-founder and principal of Arquitectonica. “Resorts World Miami will be a great contribution to the tourism, entertainment and real estate markets of Miami and South Florida.”

The land is located directly across the street from the Adrienne Arsht Center for the Performing Arts of Miami-Dade County and immediately north of Miami’s new Museum Park development, the future home of Miami Art Museum and Miami Science Museum. Resorts Miami is expected to be another boon for the South Florida economy and Miami’s status as a global tourist destination.

“This is a very big deal,” says Alyce Robertson, executive director of the Miami Downtown Development Authority. “This part of downtown has been underutilized. The Herald property is there, but they’ve been downsizing their workforce and there are vacant lots to the west. This project will enhance this area’s status as a location for cultural arts.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.