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.
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.
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.
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.
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.
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