MDM Closes On Purchase Of Miami Arena Site, Convention Center Hotel Coming

MDM’s 53- story convention center hotel is one step closer.

MDM closed on the purchase of the former Miami Arena site late Friday for $45 million. The developer has issued a press release confirming the purchase.

The deed is said to be restricted to only allow a convention center hotel to be built on the vacant lot. MDM has approval to build a 1,700-room hotel with 600,000 square feet of convention center space.

The 4.7-acre site at 700 N. Miami Ave last sold for $35 million in 2012.

MDM will break ground in the third quarter as it is still pursuing a tax subsidy deal with the CRA, a representative told The Real Deal. They previously said they would break ground in Spring 2017. The project has two phases, and both will completed by 2020.

NBWW is the architect.

 

 

 

 

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GMX
4 years ago

Maybe the architecture is not that impressive but the convention center is much needed. I think it will only bring positive things to the area.

marc
4 years ago

It’s a game changer for the immediate vicinity.

William
4 years ago

Exactly. Mediocre architecture is second to function. This space will a good thing for the area. Plus it’s across from the brightline train and metro rail. Excellent location and use!

Anonymous
4 years ago

it’s a pretty awful design, specifically the elevation with that huge curve. Consider this though. a couple years ago Miami Beach was going forward with a convention center and hotel project that would have brought either BIG or OMA, and the Mayor (Levine) got greedy and then politics intervened so that now all that is being done is a rehab by ARQ that regardless of design is not enough to bring that convention center to current quality level. They really ruined what was going to be a great project and true game changer for Miami Beach. That is one of the biggest debacles since the Marlins Stadium.

Anonymous
4 years ago

I don’t know…I liked the first plan better…

marc
4 years ago

So did I.

Anonymous
4 years ago

Me three!

Anonymous
4 years ago

me 4

Anonymous
4 years ago

They still have the old renderings in the scribd docs. That original architecture was so pretty and modern. Looked like something you would find on the Vegas strip. This new one is – ugh. But whatever. Better than nothing at all.

Anonymous
4 years ago

The new one looks like something you would find on an 80’s episode of Miami Vice with Sonny Crockett driving by in his White Testarossa.

Anonymous
4 years ago

Indeed it does. Lol.

Anonymous
4 years ago

But you can’t go wrong with Miami Vice…

Anonymous
4 years ago

Am I the only one that likes this? Yes, I liked the previous design better. Not only have I seen a TON of non-creative cookie-cutter straight vertical buildings, I think this is unique and I like it.

Anonymous
4 years ago

Yeah, I think you are the only one that does.

MDM wants to decrease the amount of hotel rooms that the last rendering had proposed, but all they had to is keep the design but build it on a little smaller scale. The rest of us like the idea of an additional tower planned next to it, but the last design was way more eye appealing.

Anonymous
4 years ago

It looks like something straight out of Miami Vice.

Anonymous
4 years ago

this design is garbage and dated.

Anonymous
4 years ago

Chattanooga hotels have more panache than this horrible ’80s design. Why can’t we get good hotel designs in Miami is beyond me

ANONYMOUS
4 years ago

Because Miami is a mediocre town full of mediocre designers/developers. Poorly designed buildings are glittered all over the city skyline. Go take a look at Chicago’s city skyline and just about all of the skyscrapers/high rises/condos are beautiful. You have a very diverse skyline of beautiful buildings in Chicago with varying height, architecture, density and much higher class materials used. In Miami, it looks like every high rise is made of cheap stucco with no real design or input. So that’s what you have here: mediocrity.

AndrewN
4 years ago

But Chicago has high rises that were built over many decades. Most of Miami’s have been built in the last 15 years.

ANONYMOUS
4 years ago

Correct. But you also have very stunning projects in Chicago going on at the moment and a lot of their “late” projects over the past 10 years look amazing. Check out chicago.curbed.com for reference. I guess I shouldn’t really be surprised as Chicago is an architecture powerhouse and is actually where the very first “skyscraper” was built over 100 years ago.

Anonymous
4 years ago

That podium is an eyesore.

Anonymous
4 years ago

Why is there even a pool? Is this a downtown convention center or a pool party spa?

Anonymous
4 years ago

Isn’t the new Miami Beach Convention Center project going to have 505,000 square feet of convention center space? That’s not that big of a difference between the MBCC and Miami World Convention Center which is going to be 600,000 of convention center space.

Edin
4 years ago

I see homeless people walking by the pool.

Anonymous
4 years ago

Well good for them!