January 22, 2014
Miami Beach has called off the proposed $1 billion redevelopment of its convention center district, according to the Miami Herald. The years-long process came to a halt when city commissioners unanimously agreed to terminate negotiations with South Beach ACE, the master development team chosen to design and build the 52-acre complex. The project originally included plans to build a new hotel and renovate the convention center. The city is issuing a new request for bids just to renovate the center, while also scouting possible locations for the development of a nearby hotel separately. New proposals for both the convention center and the hotel are expected this spring.