Genting Group

Is Genting Flipping Former Miami Herald Land?

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Genting World Resorts Miami Site

Genting World Resorts Miami Site

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.

Boulevard Shops To Undergo Renovation

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1401 Biscayne Boulevard

1401 Biscayne Boulevard

The Boulevard Shops at 1401 Biscayne Boulevard is about the begin a renovation, according to The Next Miami. 

The 20,000 square foot building is owned by Genting and is part of Resorts World Miami. The renovation will cost $2.5 million and BDI Construction is the contractor. 

Genting recently completed the demolition of The Miami Herald building just East of the building.

Going, Going, Gone - Miami Herald Building Completely Demolished

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Miami Herald Building Demolished

Miami Herald Building Demolished

After starting demolition almost a year ago, The Miami Herald Building has been completely torn down now. A few months ago, all that was left was the Northern portion of the building that still had the Miami Herald sign on the East side. 

In 1963 the iconic building was completed and it finally reached its last legs in 2015.

An aerial of the building during the initial stages of demolition can be seen here.

Miami Herald Building Almost Demolished

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Miami Herald Building Being Demolished

Miami Herald Building Being Demolished

After months of slowly dismantling the Miami Herald building and beginning the official demolition in April 2014, the building is almost completely torn down.

The Northern piece of the building is all that remains and should be fully down by the end of January.

So far, there are no plans for construction in the foreseeable future. Getting has been quiet on the since gambling failed to become legalized. The Miami Herald reports that Miami Tomás Regaledo has not heard from Genting in months and they have not submitted any plans.

Since buying the 14 acre site for $236 million there have been speculation that Genting plans to sell the site, especially for the demand of land on the waterfront. 

An aerial video of the building can be seen here.

Radio Tower Next To Miami Herald Building Halfway Down

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Radio Tower Next To The Miami Herald Building

Radio Tower Next To The Miami Herald Building

The radio tower next to the Miami Herald Building was supposed to come down last month, but after some delays the tower started to come down earlier this week. 

The tower is currently halfway down and should be completely removed by early next week or sooner. 

Genting is still tearing down the Miami Herald building, which is taking a long time.

Aerial Over the Old Miami Herald Building

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Miami Herald Building Off Of Biscayne Bay

Miami Herald Building Off Of Biscayne Bay

After starting demolition on the Miami Herald building in late April 2014, Genting has been slow to demolish the building. 

Genting had plans to build a mega resort on the site, with casinos, hotels, condo and retail, but have not been able to get state approval for a casino.

Below is a video of the Miami Herald Building.