Hyatt and Gencom have revealed plans for a three-tower development on the Miami River, including a supertall tower.
The supertall tower is planned to rise exactly 1,049 feet – the maximum permitted by Miami’s zoning rules, according to a representative of the joint venture.
Representatives of the development team are in a attendance at a Miami River Commission subcommittee meeting today, where they are presenting the plans.
The Hyatt-Gencom development is proposed to include:
- 1,806 apartments (including 264 serviced apartments)
- 615-room Hyatt Regency hotel
- 190,000 square feet of Class A meeting space
- 20,000 square feet of coworking space
- 12,000 square feet of food and beverage/retail in the podium
- Destination restaurant and lounge perched 700 feet over the city, located in a skybridge linking the two shorter towers
- 50,000+ square feet of new public space
- Rebuilt riverwalk spanning 480 feet, completing a key missing connection
- Covered pedestrian bridge connection to Metromover’s Knight Center Station
- 1,100 parking spaces
Two of the towers are proposed to rise 61 stories.
Tower three is planned to become the supertall, with 860 apartments. It becomes one of at least ten supertall proposals in Miami.
The existing Hyatt Regency and James L. Knight Center will be replaced for the new development.
Redevelopment of the complex will also allow for a large and reconfigured arrival and drop-off area, improving access and traffic flow.
Hyatt and Gencom are currently negotiating with City of Miami staff on a lease extension for the property to 99 years from an existing 45 year deal. They then plan to ask the City Commission to place both the revised lease and the proposed development on the November 2022 ballot for a referendum.
Based in Coconut Grove, Gencom is an international owner and developer of luxury hotel and residential properties, with a real estate portfolio valued above $3 billion. Hyatt is regarded by many as being the best major hotel management company.
If the referendum passes, construction is expected to begin in 2025.
Arquitectonica is the architect.