Resorts World Miami, a subsidiary of the Genting Group, is in talks with the city of Miami and the Florida Department of Transportation regarding leasing land to build a marina. The project would be part of a multimillion dollar redevelopment plan in Miami’s Arts and Entertainment District. A portion of the submerged land is owned by FDOT which will deed the land back to the city.
Resorts World Miami comprises 30 acres of land in the A&E District, north of downtown Miami, including the waterfront site at 1 Herald Plaza, the former Miami Herald building which Genting purchased for $236 million, plus the adjoining $185 million Omni retail and hotel complex. Resorts World wants to build a mixed-use project on the former Herald land including two residential towers, a hotel, retail, parking and an 800-foot baywalk. The development also would include a mega-yacht harbor with 50 slips in Biscayne Bay along the former Herald site.
Originally Genting planned to build a 5,000-room casino resort on the Herald site. Despite intense lobbying, Florida law still prohibits casino development there.
