![]() ![]() ![]() de la Fé - say the property has unlimited buildable square footage since it’s in a Metromover subzone, but it is restricted by a height limit of 649 feet stipulated by Federal Aviation Administration regulations. It’s zoned for properties up to 36 stories tall of any use, according to property records.īut the brokers tapped to handle the sale on Genting’s behalf - Avison Young ’s Michael T. The gambling company planned to build a $3 billion complex, but the project never got underway.Īside from the public transit stops, the parcel today remains mostly vacant, occasionally hosting events such as the Context Art Miami fair happening this week. The land also held the headquarters of the Miami Herald, which Genting has since demolished. Genting Group paid $235 million for the land, which includes a bus and Metromover station, in 2011. SEE ALSO: CO’s Most-Read SoCal Stories for 2023: Office Woes and Industrial Grows ![]()
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