Posted May 21, 2015, 9:07 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,293
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Miami Beach Approves Gigantic Convention Center Hotel
Quote:
"The City of Miami Beach is entrusting us to create an iconic Convention Headquarter Hotel and we are prepared to deliver," said Jack Portman, Vice Chairman of Portman Holdings and John Portman & Associates. "Portman Holdings will work closely with the City to finalize an agreement that will bring significant economic and community benefits, while John Portman & Associates designs a hotel that reflects the international destination status and the indigenous cultural values unique to Miami Beach."
The hotel development will not use any taxpayer dollars. Portman's plan is100% privately funded and takes into consideration both debt and equity sources. With a diversified real estate portfolio valued in excess of $1.5 billion, Portman has the experience and knowledge to be able to engage well-capitalized partners for the $405 million total project cost.
Designed by John Portman & Associates, in conjunction with local partner Revuelta Architecture International, the hotel will feature a sweeping curve design that will help connect and unify the surrounding area. The development will invigorate the street level, providing a grand welcoming gateway at the main intersection of 17th Street and Convention Center Drive. It will also bring increased tree canopy and ground floor food/beverage functions lining 17th Street. Landscape architecture partner West 8, which designed Miami Beach SoundScape Park, has also incorporated a variety of foliage throughout the development, including an elevated garden plaza expanding across the hotel's podium roof, providing lush terraces and shade surrounding the pools.
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http://miami.curbed.com/archives/201...nter-hotel.php
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