Le CITY deluxe USA · Issue 5 · 2014

Page 25

Le CITY deluxe USA, Issue 5, 2014, Page 25
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Brickell City Centre The Brickell City Centre is a $1.05 billion shopping and mixed-use project that will span four block t the west of Brickell Avenue and to the South of the Miami River. The project is being developed by Swire Properties Inc. and will include a department store, luxury shops, restaurants, hotel, office spaces, and condominiums. On July 15, 2013, it was announced that Swire Properties had purchased for just over $64 million an adjacent site at 700 Brickell Avenue in Miami, formerly the headquarters of Northern Trust Bank. In September 2013, a proposal was announced for an 80-story tower, called One Brickell City Centre

Resorts World Miami Malaysian resort conglomerate Genting Group presents Resorts World Miami, which is a major development, proposed for the Omni District of Downtown Miami scaling at 10 million square foot and at an estimated cost of $4 billion. This construction will be considered one of the largest developments in the history of Florida.

The structure will include a large eight-story podium and stylized skyscrapers that are inspired by Miami’s own natural beauty of the Coral Reefs.

It will include the site of the Miami Herald & El Nuevo headquarters buildings, bars and nightclubs, a luxury galleria consisting of vast amounts of retail, entertainment, and convention space. It will also consist of condominium towers and one of the largest lagoon swimming pools in the world.

The Malaysian resort Genting Group might be willing to scale back its plan to build the world’s largest casino within the resort if they can at least have a resort with slot machines. They Genting Group would form a four-way partnership that would allow them to use a permit owned by Gulfstream Park racetrack to open a casino. The development will allow Miami to compete with the big boys, which includes the likes of New York City, Chicago, Los Angeles and Las Vegas.

It will turn Miami into a first-rate city almost overnight and have a profound effect on property values as a result FEB-MAR 2014

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