Resorts World Miami Update
The giant Malaysia-based Genting Group has demolished the entrance to the former Miami Herald building along with a two-story parking garage next door as they continue preparations to build their mixed-use mega-development set for the site. Genting plans a five-star hotel, luxury condos, restaurants, retail and an 800-foot promenade along 14 bayfront acres. The initial proposal for a $3.8 billion casino has been significantly scaled back. State legislators have yet to grant Genting a gambling license for Downtown Miami, according to the South Florida Business Journal.
Last month, Genting moved into the Omni Offices building at 1501 Biscayne Boulevard next door to the construction site, as previously reported.
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