Miami Condo Market and Lifestyle Updates
Genting and Related Discuss Potential Partnership

Genting and Related Discuss Potential Partnership

by Sep Niakan | June 26, 2014

Genting Group plans on collaborating with Related Group to build a mixed-use project at the old Miami Herald headquarters.

A while back, the Genting Group attempted to convince legislators to approve their plan to build a destination casino on the Miami Herald site they purchased three years ago. They were unsuccessful. However, Genting spoke to Jorge Perez, CEO of Related Group, about a development partnership with Related.

Perez, Related Group's chairman and CEO, notes that nothing is in stone. “They called me to see if I’m interested in maybe developing together,” Perez said, “We’ll probably talk again. It’s a great site.”

Many believe that Genting is planning a hotel, condo, and retail, mixed-use development on the 14 acre property.

Genting refuted the rumor that they are planning on selling its downtown property. Christian Goode, Resorts World Miami president, said in a written statement that the organization plans on developing the plot.

 

Source: therealdeal.com

Photo credit: Logo Genting en.wikipedia.orgLogo Related - relatedgroup.comJorge Perez - hauteliving.comChristian Goode - mycrains.crainsnewyork.comResort World Miami - luxurysouthbeachrealty.com

Recent posts

Lifestyle

5 February Events in Miami You’ll Regret Not Planning For

by Sep Niakan | January 22, 2017

Welcome to the month of love! February’s here, and it’s time to get into celebration mode once again. With Valentine’s being the highlight of the month, Miami’s got a mixed bag of events that will help singles and couples...

Real Estate News

Could Cite in Edgewater Have New Hotel Neighbor?

by Sep Niakan | January 12, 2017

According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...

Real Estate News

Brickell Avenue Bridge Schedule, Traffic and Solutions -- All You Need To Know

by Sep Niakan | January 09, 2017

Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...

Real Estate News

9 Positive Signs for the Miami Real Estate Market in 2017

by Sep Niakan | January 08, 2017

Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...