MIAMI-The Genting Group received a building permit from the city on Monday to demolish the former downtown headquarters of the Miami Herald.
The Malaysia-based gaming company plans to build a mixed-use project at the site that will include a luxury hotel, condos, retail space, restaurants and a promenade along Biscayne Bay, according to the Miami Herald. Genting paid $236 million for the former Herald property. The newspaper moved to new space in Doral earlier this past spring.
Bill Thompson, senior vice president of development for Resorts World Miami, which is owned by The Genting Group, said in a statement that demolition of the building is expected to begin by the end of this year. See story in the Miami Herald.