Full List Of Every Property Controlled By Genting In Downtown Miami

Here is a full list of every property owned by Genting in downtown Miami, according to their recent annual report.

1601 Biscayne Boulevard (Omni):

  • 1 plot of building land (approximately .25 acres, valued on Genting’s books at approximately $12m)
  • 5-story Omni Office Building (approximately 1,294,995 square feet of building, valued on Genting’s books at approximately $74m)
  • 3-story Omni Retail Building (approximately 689,999 square feet of building)
  • 29-story Omni Hilton Hotel (approximately 850,004 square feet of building, valued on Genting’s books at approximately $64m)

Downtown Miami land:

  • 1 plot of building land (approximately 2.2 acres, valued on Genting’s books at approximately $16m)
  • Checkers Drive-In Restaurant (approximately 800 square feet of building)
  • 1 plot of building land (approximately 13.84 acres, valued on Genting’s books at approximately $220m)
  • 7-story Miami Herald Building (approximately 758,005 square feet of building)
  • 2-story Boulevard Shops (approximately 25,704 square feet of building)
  • 10 plots of vacant land (approximately 1.2 acres, valued on Genting’s books at approximately $3.8m)
  • 1 unit of Marquis Condominium (approximately 4,187 square feet, valued on Genting’s books at approximately $1.4m)

It isn’t clear why the Herald building is still listed after being demolished.

All of the properties above were listed as being acquired in 2011, the report said. The valuation dates are as of December 31, 2021.

The company unveiled plans in 2011 for Resorts World Miami, shortly after acquiring the former Miami Herald site

The proposal included six LED-lit towers with a design inspired by a coral reef.

Four of the towers were to be hotels, with a total of 5,200 rooms. The remaining two towers would be residential, with 1,000 residences.

An eight-story podium was to sit above a three-story underground parking garage.

The podium was to have a two-story shopping mall with 250,000 square feet of luxury retail.

There would also have been more than 50 restaurants, lounges, bars and nightclubs, and 700,000 square feet of convention space including a 200,000 square foot column-free ballroom that would be the largest in the U.S.

Atop the podium would be a massive 3.6-acre lagoon, allowing one to swim from Biscayne Bay to Biscayne Boulevard. The lagoon would be equivalent in size to 12 Olympic-size swimming pools, and would have a sand beach.

A public baywalk was also planned.


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Anonymous
1 month ago

Genting is the Mana of the Omni.

Anonymous
1 month ago

At least Genting has actual plans. Mana just hires some college kids for a teaser full of b-rolls and inaccurate renderings, and strips a building down that should be redeveloped anyway.

Anonymous
1 month ago

The fact that this resorts world casino destination was never built and opposed by many is ridiculous! Just build it that destination casino. Let Miami win for once.

Anonymous
1 month ago

Nahhh.. there are people in this town that think all Miami need is more “Bike Lanes” to be a winner.

I don't read the comments
1 month ago

Cant we have both?

share the streets
1 month ago

Somebody with a bike once hurt you as a kid? “Why the scare quotes”? Can’t share? Don’t care?

Anonymous
1 month ago

Go do your exercising somewhere else besides city streets. Only kids and DUI convicts ride bikes for anything but exercise, and this exercise gets in the way of people in cars transporting themselves and goods to earn a living.

Anonymous
1 month ago

^
lol…

Anonymous
1 month ago

Wouldn’t want to get in the way of these big tough guys with their financed, fancy cars. They probably have an NRA convention to get to.

Anonymous
1 month ago

At least we have cars in this market, where used ones are the price of new ones just a short time ago. How’s that “Great Reset” going to get everyone riding bikes and taking under-capacity buses with seats taped off every six feet? Meanwhile, China and India and buying cars like hotcakes.

Lars
1 month ago

give it a try and live a little, fatass

Anonymous
1 month ago

^
And you should try reading a book sometime, d u m b f u c k !

Anonymous
1 month ago

Relax….Just Slow Down and give the Cyclists 3 ft. just like when people move over on the sidewalk.
BTW the drive-Thru is open 24hrs you’ll get there.

Anonymous
1 month ago

Only the cyclists ignore traffic safety more than motorists in Miami.

EJS
1 month ago

High Stakes casino, yes. But we can’t have a casino with dollar slots attracting more of the Spring Break / Ocean Ave crowd — and bring down property values in Edgewater. I do not understand why more cities do not do like Monaco does. Make one casino for the wealthy and let them subsidize some of the city’s budget. If anyone can’t afford it, then go to the Magic City Casino, or Biloxi.

Anonymous
1 month ago

100%

Urbanist
1 month ago

Land Value Tax now please!

Anonymous
1 month ago

DENIED

Anonymous
1 month ago

If you own land in Miami, you know that you have to pay taxes on that land, and how much you have to pay, depends on how much that land is valued at.

N.P.
1 month ago

A good LVT system would keep or lower taxes for those who have improved their land and raise taxes on those speculating others will increase the value of their unimproved parking lot.

Anonymous
1 month ago

I doubt “own land” and the “Urbanist” go together.

Lenny
1 month ago

Correct.
It is clear that the cat who keeps whining for a “Land Value Tax” does not own property.

One can only imagine that the cost of that Land Value Tax idea was a $75,000 student loan and the dopey professor who advocated that Utopian nonsense is still meeting his 20 year “friends” even after graduation at the Titanic.

Anonymous
1 month ago

Let me guess, you’re a communist too lol

Anonymous
1 month ago

Yes, the elected officials and government union bosses need that revenue for new boats and vacations, and we certainly don;t need Metrorail expansions.

Lenny
1 month ago

Look up how much Genting is paying in property tax. (It is well over $40m per year)

THEN
Go back and read the wisdom in the previous posts about how Miami-Dade County Schools are funded with property taxes and how the Utopian dream of some Land Tax will kill the funding for the kids…

Anonymous
1 month ago

Please read up on what land value tax actually is before you comment incoherent nonsense. If anything, an LVT would increase funding for schools

Melo is sigma and Chad
1 month ago

They should just build condos and hotels and a large “convention center” that could be quickly remodeled to a gambling area if they ever do get gambling.

Connor
1 month ago

Forever one of my favorite never built developments in the entire country. Pains me to see the renderings

Anonymous
1 month ago

So….is there any update?

Anonymous
1 month ago

Project launched in 2011, 11 years ago. Extraordinary vision, as it remains modern to this day. Too bad it didn’t come off the drawing board.

Anonymous
1 month ago

Can you imagine all the money the city would’ve made from this project by now?

Lenny
1 month ago

Even the Maefield Development proposal would have improved that area significantly.

Anonymous
1 month ago

MWC was announced in 2006, and look at the watered-down disappointment under construction today.

Anonymous
1 month ago

Yeah.. but the difference is, at least MWC built something.

Anonymous
1 month ago

This project would have made the view from Biscayne Bay as iconic as Sydney’s…sigh…oh well

MiMiami
1 month ago

I better get to that Checkers Drive-In before its knocked down…. I like their fries.

Good news for me is it’ll be there for another 20 years.

Anonymous
1 month ago

Genting’s Empire Resorts were upgraded by Fitch to the high end of junk bond status last year yipee where the shovels at?

Lenny
1 month ago

Resorts World Las Vegas opened in the pandemic and probably valued at a Billion dollars or more.

Anonymous
1 month ago

..and Resorts World Catskills is bleeding out money

Anonymous
1 month ago

Reach and Rise opened in a down market to and so many other buildings around the world also.. so what’s your point?

Anon
1 month ago

it’s a tragedy that this did not happen.

Melo’s pájaro nalgon
1 month ago

Completion date: 2055

Lenny
1 month ago

Quoted:
“Four of the towers were to be hotels, with a total of 5,200 rooms. The remaining two towers would be residential, with 1,000 residences.
An eight-story podium was to sit above a three-story underground parking garage.
The podium was to have a two-story shopping mall with 250,000 square feet of luxury retail.
There would also have been more than 50 restaurants, lounges, bars and nightclubs, and 700,000 square feet of convention space including a 200,000 square foot column-free ballroom that would be the largest in the U.S.
Atop the podium would be a massive 3.6-acre lagoon, allowing one to swim from Biscayne Bay to Biscayne Boulevard. The lagoon would be equivalent in size to 12 Olympic-size swimming pools, and would have a sand beach.
A public baywalk was also planned.”

Read that again, and let it sink in….
This sounds like a mega project….with 100’s of thousands of square footage.
But in that whole quote, they left out the 40,000 sq ft gaming floor.

Hmmmm…..
Seems like the Destination Resort would have been an amazing attraction to downtown Miami.
An attraction that would compete with the MDM Worldcenter Convention plan. A resort that would compete with the Fontainbleau, the Miami Beach Convention Center.
The 5,200 hotel rooms owned by Genting (which at the time owned a controlling interest in NCL) would even provide a competitive advantage over Carnival Cruise Lines.

Does anyone think that….maybe….just maybe….the Arisons, MDM, the MBCC, and the hotel and restuarants of Miami would hire lobbyists and public relations firms to sway public opinion against this project??

Maybe?

Maybe, just maybe, they could convince the mouth-breathers that the project quoted above wasn’t really an amazing Destination Resort and an attraction unlike any other in S. Florida. Maybe if all these stake holders could get their cronies together, in a concerted way, they could get all the mouth-breathers to think that this project was a “Casino”.

Truth Matters
1 month ago

The one Architectonica design that would really make an impact world wide and move us to the edge of architecture and it doesn’t get built. This will never happen.

Anonymous
1 month ago

The Chinese like this will probably buy out Mana’s flips in time and then they’ll pretty much own Miami

Anonymous
1 month ago

By that time, they will have invaded Taiwan, and Chinese assets would be frozen. FYI, Genting is Malaysian by a Chinese diaspora businessman, not Chicom.

Anonymous
1 month ago

Malaysia China, same thing lol

Stupid Comment Warrior
1 month ago

Get a passport. Stat. There’s so much more to see outside the US.

calivalle
1 month ago

Just build it…..

Anonymous
1 month ago

Why is this news if this is a fail project ? 11 years later and no approval or anything on it .

Anonymous
1 month ago

Is this approved ? I heard they are selling the lots by the water at a high price which at this point no developer will buy

Andrew
29 days ago

Resorts world Miami hotel casino

Anonymous
1 month ago

We have enough low-class trash in Hialeah. We don’t need a casino that attracts that ilk in downtown. Think of our property values. Sorry, tenants, this isn’t your fight.

Anonymous
1 month ago

Haha.. no, all downtown Miami needs to be a “World Class destination tourist town” are parks and bike lanes.

Oh, I almost forgot.. and walking paths everywhere also.

Anonymous
1 month ago

and Trees

Anonymous
1 month ago

Yep.. just become another Sarasota or Jasper Florida and that’ll do it!

hewfg3
1 month ago

Will resorts world Miami ever be built?

Anonymous
1 month ago

Not as long as the Republican Mafia is running things. Unless, of course, they are open to bribes which is probably why we never saw the Genting plan for the Herald site ever come to fruition.

Afi K James
1 month ago

That is not true

Anonymous
1 month ago

If Gentling wanted to do something with that property, then they already would have. And could’ve had it finished before this last real estate boom. You can’t blame Republicans for everything. Overall, they’re not out to ban as many things as the “other” team seems to want to ban.

Anonymous
1 month ago

You mean the same mafia that challenged the Seminole Tribe’s gambling monopoly and took away special privileges from Disney, a major lobbying power that has been against such development and special privileges which should have been phased out already, social issue hegemony or not?

Lenny
1 month ago

They have invested so much money…I think so. It’s just a matter of time.

Anonymous
1 month ago

Loved this project… the casinos not much

Anonymous
1 month ago

And just think, this project wouldn’t cost YOU a dime of your money.

People living in fantasy land.
1 month ago

Go back and live in dream world.
The casino part is what makes this financially feasible to build such a thing.

Anonymous
1 month ago

A casino, and the abject trash it would attract, would not be good for our property values. If you rent, you don’t get a say in this.

Anonymous
29 days ago

..any rightfully so. What standing should you have to give any input on issues that affect your Landlord’s property in perpetuity because you signed a one year lease? You can move any time your lease expires.

Anonymous
29 days ago

If Miami wants to put something in it to get past that “South American sleepy little town feeling,” then someone who’s afraid of trying anything new is against it because they think it would attract nothing but “abject trash.” Some people in this city think and say the same thing about people who come to South Miami Beach for Memorial Day.

Some people want to and feel they should be living in a city that has the atmosphere of some small town in Montana but have the dynamic tourism of NYC. Miami has to get past its foot dragging and people who are afraid of trying something different and new if it wants to get beyond the level its at.

Lenny
1 month ago

Yeah….but out of the marina, bay walk, 5,200 hotel rooms, 100’s of thousands of convention/meeting/ballroom space, 250,000 sq ft of restaurants and retail, there was only a casino floor the size of a CVS on the third floor.

Croney capitalism is not the same as free market capitalism, and the Malaysians got screwed a bit. But they have lots of money, and a long time horizon.