Malaysian developer Genting Group has submitted their plans for Federal approval for their proposed Resorts World development at the former Miami Herald site in Downtown Miami at 1 Herald Plaza. The land has sat there essential untouched, less a fence being constructed on the site several months ago. On January 23, Genting submitted plans for 3 towers to the FAA. Each tower is proposed to rise 642 SF above ground (649 SF above sea level). The FAA had previous approved the three towers at the same height in 2013 when Arquitectonica submitted their application on Genting's behalf. The approval expired on January 10, 2017. Genting has also been working to gain approval to construct a marina behind the site which would house 50 boat-slips and a mega-yacht harbor. They also have a deal in place with Art Miami to move the annual show to the site. Genting purchased the 5.65 acre site in 2011 for $236 million with the plans to build a casino but state and county officials have been slow to approve any plans that would allow gambling.
The Real Estate Mogul's Guide to South Florida
