MIAMI-MDM Development has confirmed it has signed a contract to acquire the site of the demolished Miami Arena in order to develop a 1,800-room hotel and convention center.
The Miami-based firm is seeking to acquire the property from developers of the proposed Miami World Center, a larger mixed-use project that would take up several blocks in the Park West district west of Biscayne Boulevard downtown. Terms of the purchase deal were not disclosed.
MDM and its architects a released a rendering and a video, posted on You Tube, of a three-legged Marriott hotel tower rising over a huge podium containing the 500,000-square-foot convention center, a 1,500-seat theater, and a 2,300-car garage, according to the Miami Herald.
The developer, which is completing the four-block Met Miami project in downtown Miami, intends to raise all financing for the project privately, with no public money, according to John Nichols, an architect for MDM. He adds that Marriott has agreed to manage the hotel. See story in the Miami Herald.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
