World Trade Center

Downtown Miami Holiday Inn Purchased For $65M

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Holiday Inn in Downtown Miami

The Holiday Inn located at 340 Biscayne Boulevard in Downtown Miami has sold for $65 million, according to The Miami Herald.

The buyer is Brazilian developer Gilberto Bomeny, who plans on building a 77 story building at a height of 953 feet. The building will include 400 residential units, 240 hotel rooms, 270,000 square feet of retail and 246,000 square feet of office space. 

The World Trade Center of the Americas was first proposed earlier this year with Arquitectonica as the architect.

World Trade Center of the Americas Proposed For Biscayne Boulevard

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Rendering of the Proposed Project

ITC Center Miami and BH Downtown Miami have submitted plans for a 77 story tower called World Trade Centre of the Americas on Biscayne Boulevard. 

The architect of the project is Arquitectonica and the highest point would reach 953 feet.

The Holiday Inn and building next to it would be demolished to make way for the tower.