Group Announces Plans for Resorts World Miami - NBC 6 South Florida

Group Announces Plans for Resorts World Miami

Genting to build skyscrapers, hotels on land bought from Miami Herald



    Group Announces Plans for Resorts World Miami

    The company that purchased The Miami Herald building this past spring says it will build a 10-million-square-foot, mixed-use development on the site.

    Malaysia-based Genting Group announced its plans for the bayside land Wednesday.

    The McClatchy Company, which owns The Miami Herald, sold the building in May for $236 million, but the newspaper wouldn't have to move out for two years.

    According to a news release, Resorts World Miami will feature coral-reef-inspired skyscrapers and a new three-mile Baywalk. It will include four hotels with a total of 5,200 rooms and two residential towers with 1,000 units.

    The project represents a $3 billion investment by Genting Group. Officials say it will be one of the largest development projects in Florida history.

    Developers estimate the project will create 15,000 construction-related jobs and 30,000 permanent positions.