Genting, the Malaysian gaming giant that bought The Miami Herald building and surrounding acreage last year, has a new plan for luxury hotel at the west end of the Venetian Causeway.
The plan, which The Herald covered today, is smaller in scale than the 5,200-hotel room mega resort casino Genting touted last year. And they say this proposal — with a five-star luxury hotel, luxury condominiums, waterfront restaurants, retail and an 800-foot walkway on Biscayne Bay — will be built whether or not Florida opens up casino gambling.
But the plan only accounts for 5 of the nearly 14 acres Genting bought from Herald corporate parent McClatchy. And it doesn’t include the Omni property also purchased by Genting.
So the impact of the overall development — in fact, even details for the plans for the Herald 5-acre building site — is still quite unclear.
Stay tuned.
