Resort World Miami

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In May 2011, Bayfront 2011 Property LLC, a wholly-owned subsidiary of Genting Malaysia Berhad, purchased about 13.9 acres of land in downtown Miami for US$236 million with plans to build a mixed-use development. The parcel includes the building currently housing The Miami Herald Media Company and an adjacent parking lot.

Resorts World Miami, as the development will be called, will include hotel, convention, entertainment, restaurant, retail, residential and commercial facilities – all designed in accordance with the City’s comprehensive zoning code, Miami 21. The resort will include more than ten million square feet of development, and will cost about US$3 billion. All told, Resorts World Miami is expected to create 15,000 direct and indirect construction jobs and another 30,000 direct and indirect positions on an ongoing basis.


The site is bounded by 800 feet of waterfront on Biscayne Bay to the east, MacArthur Causeway (part of I-395) on the south, Biscayne Boulevard (part of US Route 1) on the west, and the Venetian Causeway on the north. Both causeways link Miami International Airport with downtown Miami and South Beach, one of the world’s top beach destinations. Located nearby the site are the Adrienne Arsht Center for Performing Arts of Miami-Dade County, and the future Miami Art Museum and Miami Science Museum.


http://www.rwmiami.com/index.html

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