New Downtown Miami $3 Billion Dollar Development Expected to Revolutionize Miami Area Real Estate

Everybody on the South Florida real estate market can’t seem to stop talking about Resorts World Miami, a planned development that will feature hotel,  convention, entertainment, restaurant, retail, residential and commercial space.

Back in May, the Genting Group bought about 14 acres of downtown Miami for $236 million.

That price is just a drop in the bucket, however, when you consider that the company is investing  $3 billion for the new development.

Continue reading to learn more about this incredible downtown Miami development – which some say is rapidly becoming one of the top five projects being built in the world.

South Florida Real Estate is About to Get a Major Facelift

The company Genting has big plans for their recently purchased downtown Miami site.  In fact, they hope the development solidify’s Miami’s reputation as one of the leading tourism locales in the world.

What’s more, this project will have a phenomenal impact locally by creating thousands of construction-related jobs as well as permanent jobs.

And recently, Genting announced that Resorts World Miami will be 3 million square feet bigger than originally announced.  That’s nearly 10 million square feet, filled with such amenities as:

  • 700,000 square feet of convention and meeting space
  • 200,000 square feet of ballroom
  • A super-luxury hotel, a contemporary hotel, a family hotel and a conventional hotel – totaling more than 5,200 rooms
  • Two residential towers with about 1,000 units
  • 250,000 square foot luxury retail center
  • More than 50 restaurants
  • Lounges, bars and nightclubs
  • Possibly even a casino!

According to one recent news article, Resorts World Miami will feature several outdoor terraces as well, including a 1,000-foot-long, 3.6 acre outdoor lagoon on one of the tower’s rooftops.

This project is so amazing, it’s hard to wrap one’s head around it.

But suffice it to say, when complete, this project will not only reshape Miami’s skyline, but the whole South Florida real estate market as well.

South Florida Real Estate Experts

It will still be some time before residents are able to move in to a unit at Resorts World Miami.  If you’d like to learn more information about this amazing development in the interim, however, contact me.

As your South Florida real estate expert, I’d be happy to answer any questions you might have as well as let you know about available listings at some of our other South Florida residential communities, including:

Until next time,

Scott