The Genting Group, the Malaysian gaming company that purchased the Miami Herald site, has received a permit to demolish the media company’s former headquarters, the Herald reported.
The demolition of the iconic white-and-yellow structure on Biscayne Bay is set to take place by the end of the year, the Herald reported, citing a statement released by Bill Thompson, senior vice president of development for Resorts World Miami, a Genting Group subsidiary.
Genting’s initial $3.8 billion casino project has been significantly scaled back, according to plans revealed in March. The company now plans a mixed-use complex with a five-star hotel, luxury condos, restaurants, retail and a 800-foot promenade along Biscayne Bay, the Herald said.
Genting paid $236 million for the former Herald site, which includes almost 14 bayfront acres.
The Herald moved from its former downtown location to Doral in May.
Getting to know the Genting Group:
Source
Emily Schmall. "Genting gets go-ahead to wreck former Herald site." http://therealdeal.com/miami/blog/2013/08/07/genting-gets-go-ahead-to-demolish-former-herald-site/. 08/07/2013.
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