MIAMI—Resorts World Miami is seeing a renaissance, so to speak. The company acquired the former Miami Herald building and has set the wheels in motion for the revitalization of the historic asset.
Resorts World Miami inked a multi-year partnership with Loud and Live to bring events to the 14.6-acre parcel that was home to the Miami Herald from 1963 to 2015. Now known as Herald Plaza, the Biscayne Bay waterfront property is located in Downtown Miami and will host a variety of special events across the lifestyle, art, music, entertainment and sports worlds, among others.
“Resorts World has been looking for the right group and the right opportunity to engage the property, and bring value to the community,” says Ray Valentino, vice president of Operations at Resorts World. “We are confident that Loud and Live, a national leader in the live events, marketing and entertainment industry, will establish the property as one of the top waterfront destinations in South Florida to host premier local, national and international events.”
Resorts World has begun hosting major events at the Herald Plaza, with the inaugural tenant being Art Miami and Context Art Fair, which ran from December 5-10, 2017. The location will accommodate all kinds of temporary structures in order to satisfy the needs of any given event.
“With its impressive offerings of large-scale space, waterfront setting, stunning views and a central location, Herald Plaza is an ideal event site for lifestyle brands, entertainment, sports properties and global corporations,” says Nelson Albareda, CEO of Loud and Live. “We look forward to securing Herald Plaza its place on the short list of the best event venues internationally and partnering with Resorts World to do so.”
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
Already have an account? Sign In Now
*May exclude premium content© 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.