Miami Beach commissioners voted to go with Portman, the only bidder for a convention center hotel. Voters must still approve.
City of Miami Beach Selects Portman for Convention Headquarter Hotel
City Commission authorizes the Administration to negotiate a development and ground lease agreement
Miami Beach, FL (May 20, 2015) – The City of Miami Beach Commission today approved the selection of developer Portman Holdings and architect John Portman & Associates for the development of the Miami Beach Convention Headquarter Hotel. The vote allows for the City Manager to negotiate the terms of the development and ground lease for the hotel. This action is an important milestone in the City’s rigorous review process, which included the review of an Evaluation Committee prior to the Manager’s analysis and recommendation.
Inspired by the City’s global reputation and the uniqueness of existing Art Deco architecture, Portman’s plan calls for the hotel to be a grand gateway to the City’s convention center district, while connecting surrounding areas and enhancing the pedestrian experience along 17th Street. The 800-room hotel will feature top-notch amenities including several pools, a fitness center, spa, and business center. It will also include multiple food and beverage outlets for the public to enjoy including a café, full-service restaurant, and rooftop lounge.
“The City of Miami Beach is entrusting us to create an iconic Convention Headquarter Hotel and we are prepared to deliver,” said Jack Portman, Vice Chairman of Portman Holdings and John Portman & Associates. “Portman Holdings will work closely with the City to finalize an agreement that will bring significant economic and community benefits, while John Portman & Associates designs a hotel that reflects the international destination status and the indigenous cultural values unique to Miami Beach.”
The hotel development will not use any taxpayer dollars. Portman’s plan is100% privately funded and takes into consideration both debt and equity sources. With a diversified real estate portfolio valued in excess of $1.5 billion, Portman has the experience and knowledge to be able to engage well-capitalized partners for the $405 million total project cost.
Designed by John Portman & Associates, in conjunction with local partner Revuelta Architecture International, the hotel will feature a sweeping curve design that will help connect and unify the surrounding area. The development will invigorate the street level, providing a grand welcoming gateway at the main intersection of 17th Street and Convention Center Drive. It will also bring increased tree canopy and ground floor food/beverage functions lining 17th Street. Landscape architecture partner West 8, which designed Miami Beach SoundScape Park, has also incorporated a variety of foliage throughout the development, including an elevated garden plaza expanding across the hotel’s podium roof, providing lush terraces and shade surrounding the pools.