facebook
Traded Co logo
Submit

Design for Four-Tower Mega‑Project at Former Miami Herald Site

Traded Media
by Traded MediaShare
Florida
Residential
Residential
Hotel
Hotel
Mixed Use
Mixed Use

Key Points

  • Four towers planned on 15.5-acre waterfront site, totaling 689 residences and 300 hotel rooms.

  • Max building height—196 m (643 ft)—set to reach FAA limits for downtown Miami.

  • Includes a phased build, public baywalk, landscaped pier, and above-ground parking due to site constraints.

A fresh wave of vision is stirring at the former Miami Herald site, courtesy of Genting’s Resorts World Miami. Designs from Uruguay’s Gómez Platero Architecture & Urbanism, uploaded publicly, reveal a mixed-use waterfront complex featuring four towers, residences, hotels, and community amenities. 

Project Overview & Site History

  • Site owner: Resorts World Miami (a Genting Group affiliate), acquired in 2011 for approximately $236 million.

  • Previous deal: SmartCity Miami, led by Terra, pulled out in 2023—ownership remains with Genting affiliate.

  • FAA action: The firm recently filed for approvals for three towers (642', 643' & 645')—a renewed push following earlier 2013–2021 submissions.

Design & Program

Architect: Gómez Platero Architecture & Urbanism (Uruguay; plan since 2021) .

  • Tower configuration: Four high-rises, tapering between 642'–645', conforming to FAA maxima.

  • Use mix:

    • 689 residential units—presumably a mix of condos and possibly rentals.

    • 300 hotel rooms in vibrant waterfront setting.

  • Public Realm Enhancements:

    • Baywalk, seamlessly connecting to Museum Park.

    • A reimagined landscaped pier on the site’s existing platform (formerly a radio tower).

  • Parking logistics: Above-ground decks due to high water table—avoiding costly excavation.

  • Phasing: Two towers per phase to optimize financing, leasing, and construction flows.

Why It Matters to Investors

  • Strategic zoning: Classified as RTZ (Rapid Transit Zone), allowing dense development within aviation height limits.

  • Market timing: Downtown Miami is in peak demand, driven by increased migration and corporate influx.

  • Resorts World cachet: Genting’s renewed filings and revised scale (post-gaming-era) show stability and commitment.

  • Value-add potential: Early-phase targeting residences while the hospitality component could unlock incremental cash flow as tourism rebounds.

Development Challenges & Opportunities

  • Above-ground parking may be a drawback for rental upgrade strategies but can be offset by smart podium design and facade wrap.

  • Phased construction provides flexibility yet requires strong presales or lease-up velocity to support financing.

  • Public amenities like baywalks and piers enhance placemaking and attract high-income renters/tourists—critical for valuation.

This striking four-tower vision by Resorts World Miami at the former Miami Herald site signals a bold reactivation of this waterfront asset. The blend of high-density residential, hotel usage, and curated public space aligns well with ongoing downtown growth trends. For CRE investors and brokers, it's a compelling pipeline opportunity—especially in early phases as zoning and FAA clearances fall into place.

Published:
Last Updated:

Got News?


Explore recent deals in Florida