The owners of the music venue had clashed with the developers of Worldcenter in court in several lawsuits, which were settled a few months ago. Grand Central had been leasing the property from Worldcenter.
Plans for a new commercial development on the site have already been filed (we will post them soon.) Across the street to the west is the former Miami Arena site, where the 1,800-room Marriott Expo Center is planned. To the north is Worldcenter Block E.