{"id":4962,"date":"2023-03-28T00:00:00","date_gmt":"2023-03-28T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/gentings-miami-land-start-biding-to-be-sell-them-for-1-5billion\/"},"modified":"2023-03-28T00:00:00","modified_gmt":"2023-03-28T00:00:00","slug":"gentings-miami-land-start-biding-to-be-sell-them-for-1-5billion","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/gentings-miami-land-start-biding-to-be-sell-them-for-1-5billion\/","title":{"rendered":"Genting`s Miami land start biding to be sell them for 1.5Billion"},"content":{"rendered":"<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The land was once home to the headquarters of the Miami Herald. The newspaper sold the property in 2011 for $236 million to Genting, which proposed building a $3.8 billion casino resort named Resorts World Miami. Genting never could secure a gambling permit for the project. Genting didn&rsquo;t respond to inquiries for comment on the listing.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Genting&#39;s Miami property now is one of the most valuable for sale in the United States with nothing comparable in markets the size of Miami, Michael Fay, the Miami-based chairman of Avison Young&rsquo;s capital markets executive committee who is handling the listing, told CoStar News.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/gentings-miami-land-start-biding-to-be-sell-them-for-1-5billion2.jpg\" style=\"width:100%\" \/><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:small\">Some artistical representation of genting&acute;s project<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">A 16-acre parcel of prime Miami real estate recently put up for sale by Malaysian gaming giant Genting Berhad has attracted five offers of over US$1 billion, including one of almost US$1.5 billion, according to a report by <\/span><\/span><em><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Bloomberg<\/span><\/span><\/em><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Genting already owns the Hilton Miami Downtown hotel and connected Omni Center but had hoped to develop a large-scale integrated resort, Resorts World Miami, on the parcel of land it purchased for US$236 million in 2011.<\/span><\/span><\/span><\/p>\n<p><span style=\"font-family:Times New Roman,serif\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Miami-Dade Board of County Commissioners had also commissioned in 2020 a&nbsp;feasibility study into a potential monorail system&nbsp;that would have connected Resorts World Genting with the city of Miami.<\/span><\/span><\/span><\/p>\n<p>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The land was once home to the headquarters of the Miami Herald. The newspaper sold the property in 2011 for $236 million to Genting<\/p>\n","protected":false},"author":1,"featured_media":4963,"menu_order":341,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2159,15,2158,2157],"class_list":["post-4962","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-casino-miami","tag-gambling","tag-genting-company","tag-miami-herald","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Genting`s Miami land start biding to be sell them for 1.5Billion - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/gentings-miami-land-start-biding-to-be-sell-them-for-1-5billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genting`s Miami land start biding to be sell them for 1.5Billion - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The land was once home to the headquarters of the Miami Herald. 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