by Lisa A. Grimaldi | March 08, 2017
Developer MDM Group has acquired the former site of the Miami Arena for $45 million, with plans to build the Marriott Marquis Miami Worldcenter Hotel & Expo Center. The project will include 1,100 guest rooms and 600,000 square feet of convention space, all of which will open first; an additional 600-room hotel tower is planned for the second phase.
The architect for the project is Nichols Brosch Wurst & Wolfe Associates, with interior designs by RTKL. The Marriott complex will sit between two other developments currently under construction: the mixed-use station complex that will house the Brightline train service to Orlando, and a condo/retail complex.
The $750 million hotel project, which is expected to break ground in late 2017, might be contingent on whether the Southeast Overtown/Park West Community Redevelopment Agency's existence will be extended to 2042 from its current expiration date of 2030, according to the Miami Herald; the agency gives tax breaks to developers who build within its geographical purview. 
"We have been passionately working on this project and are thrilled to be another step closer to creating a hotel and conference center that will continue to further the city of Miami's stance as a true global destination," said Joseph Herndon, director of development for MDM Development, in a statement. "The property will be a transcendent step for the community, not only bringing thousands of jobs, but literally hundreds of thousands of visitors to area businesses."