The Miami Herald is speculating that the Genting Group might be looking to flip the 14 acres of land they purchased in 2011 for $236 million and even had a potential buyer look at the site.

When the site was purchased, Genting planned to build a mega resort on the edge of Biscayne Bay that would also include a casino. Included in the purchase of the land was the former Miami Herald Building, which took almost a year to completely tear down.

There was even discussion in 2014 with The Related Group to partner on a project, but plans never came to fruition.

The only activity on the site is the renovation of the historic Boulevard Shops on Biscayne Boulevard.