What was going to become Miami‘s new largest hotel is now a thing of the past as the plans for the Marriot Marquis Miami Worldcenter have been abandoned after the developer sold the property. The 4.7-acre site was set to give rise to a massive 1,700-room high end hotel with over 600,000 square feet of exhibition and convention space. Just recently, it appeared construction was soon to begin on the site of the former Miami Arena, which is addressed as 700 North Miami Avenue. Former owner MDM Group USA, a subsidiary of P And G Investors Holdings LLC, sold the site to New York-based Witkoff Organization and Chicago-based Monroe Capital for $94 million.
Although the height of the intended structure was never disclosed, the 204,732-square-foot site permitted for a building of up to 60 stories. Designed by Coral Gables-based NBWW Architects, the building’s design was comprised of two rectangular volumes clad in glass and metal or aluminum, featuring several setbacks on the way up and some curvature along the white framing. Both towers were going to rise out of a multi-story podium containing a 65,000-square-foot ballroom, a 42,000-square-foot ballroom, over 110,000 square feet of dedicated exhibit space, 80,000 square feet of pool/event outdoor space and a 1,500 seat theatre.
Marriot Marquis Miami Worldcenter. Designed by NBWW Architects.
Marriot Marquis Miami Worldcenter. Designed by NBWW Architects.
Marriot Marquis Miami Worldcenter. Designed by NBWW Architects.
Marriot Marquis Miami Worldcenter. Designed by NBWW Architects.
Subject Property. Courtesy of Miami-Dade County.
“While MDM Hotel Group remains extremely optimistic on the long-term success and recovery of the hospitality industry in Miami, it is undeniable that the Covid-19 pandemic has taken a toll on the meetings and conventions market,” MDM VP of operations Florencia Tabeni stated. “This reality, coupled with the incredible demand for land in the urban core of the city caused us to explore the possibility of selling the land designated for the development of the Marriott Marquis Miami Worldcenter Hotel & Expo Center. After evaluating numerous offers, ownership of MDM has made the decision to sell the parcel, and not move forward with development of the convention services hotel.”
It is unknown what the Witkoff Organization and Monroe Capital will do with their newly purchased property, but it seems a high-density development between the two could be in the works.
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