- Genting set to construct marina in Miami
- Site could eventually become home to luxury casino resort
A plot of land in Miami could one day be home to Genting Group’s next big casino resort.
The city of Miami has recently been able to lease some submerged land to the company so it can go ahead and construct a marina; it’s intended the marina will be partly on this leased land, partly on a site owned by Genting Group, according to Miami Today.
The land leased by the city was originally going to be used for the MacArthur Causeway, however the Florida Department of Transportation (FDOT) decided it was no longer needed. Therefore, the FDOT was able to convey the land back to the city, which has enabled the construction of the marina to go ahead.
The original purchase and plans
The site owned by Genting Group, which has the address One Herald Plaza, was originally home to the headquarters of the Miami Herald.
Genting Group purchased it from the newspaper, South Florida’s second largest, back in 2011 for a sum of $236 million.
It takes up some 14 acres and is located in the Biscayne Bay part of the city. Genting Group announced plans for Resorts World Miami, the latest in its hugely successful international Resorts World chain.
The resort would have cost $3.2 billion to build and would have included numerous hotel towers and a luxury casino, not to mention a lagoon and elevated beach.
After the company became unsuccessful at getting permission to construct the casino, plans were scaled back to include just two residential towers, before being scrapped altogether; nothing ended up getting constructed, though the site has been used for various temporary events.
Genting Group, which also has branched out into online casinos received permission from the Miami River Commission to construct the marina in 2016.
It’s thought the marina will have some 50 slips and will be able to accommodate ships up to 175 feet in length.
The construction project is very much independent from the future casino resort project. No details regarding the casino resort have been confirmed at this point in time.
The construction of the marina is certainly a sign the Genting Group intends to make use of the site, so it’s quite likely a formal announcement about the casino resort will be made sooner rather than later.
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