800-Room Grand Hyatt Miami Beach To Begin Construction Mid-2025

The developers planning the Grand Hyatt Miami Beach have obtained a grant from Miami-Dade for the $600 million project, according to MeetingsNet.

Up to $92.5 million will be issued by the county.

Construction is now set to begin in mid 2025, with completion in Q3 2027.

The Grand Hyatt is planned to include:

  • 800 rooms (including 48 suites)
  • amenities including a gym, two pools, and a resort style pool deck
  • 90,000 square feet of indoor meeting/conference space, plus 10,000 square feet outdoors
  • 5 food and beverage outlets, including a signature restaurant that is already leased
  • A Grand Hyatt club lounge
  • 320 parking spaces

David Martin of Terra Group and Jackie Soffer of Turnberry are the developers. Bernardo Fort-Brescia’s Arquitectonica is the architect.

 

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Justine
8 days ago

Build build build. Miami is growing beautifully

Analyst
8 days ago

They get a grant of 92.5 million from the taxpayers? Do they have to pay it back??

Conrad
8 days ago

The Miami Dade County Taxpayers are giving a 15% grant to the 800 room Convention Center Hotel.
No, they do not pay that back….unless….
Unless, you think about how an 800 room hotel at 75% Occupancy and a $175 Average Daily Rate will generate about $4.8M in County Resort Tax per year from the rooms alone, every year.

Even if you forget about the 5 Restaurant outlets and the 100,000 sq ft of meeting space, that County Resort Tax revenue on the rooms alone pays off in less than 20 years.

Anon
7 days ago

If the developers(I wonder how much they make in 20 years..) would be able to finance themselves the county would get 92 million in 20 years and what is the split between Miami Beach and Dade?? Every developer who can’t get financing is asking now for grants and argues future RE taxes will get your money back?

Him
8 days ago

How long have they been trying to build this?
And why didn’t they do it when the updated the convention center?

Alpina
8 days ago

I know, sincerely I thought it was already built.

Adrian
8 days ago

The metromover needs to be extended there… full loop.

Anonymous
8 days ago

Metrorail, yes. Good luck with residents supporting either.

Anon
8 days ago

Why, because you want a free ride even if it takes you 40 minutes to get from there to downtown? There’s no other reason to choose Metromover over Metrorail expansion for trips this distance.

Kurt
7 days ago

How do you run a Metrorail on 17th St or any other street in South Beach if the streets are only 2 lanes in each direction?

Anon
7 days ago

^^how do you run a Metromover on 17th street or any other street in South Beach if the streets are only 2 lanes in each direction?

Conrad
8 days ago

Needs?
What happens if it doesn’t? Will it continue to be highly successful, and continue to attract 800 room hotels?

You WANT the Metromover for some twisted reason.

Yo Adrian
7 days ago

Homes wants free rides everywhere. He can’t afford to both move out of his mom’s home and also pay for a car. It’s either or.

Anonymous
8 days ago

Wish the city would have proceeded with OMA design for the convention center. It would have completely transformed the beach

Wolfgang731
8 days ago

I don’t live in Florida so I was under the impression that this was already being built if not fully built. How long does it take to get a convention hotel out of the ground? It’s hardly a massive project. The amount of red tape must be staggering.

J.M.
8 days ago

Some projects take longer than others. Are you new to the way things work in life?

Anonymous
8 days ago

What do you expect from Miami Beach?

Conrad
8 days ago

800 rooms is pretty big for Miami. Only the Loews and Fontainebleu would be bigger on Miami Beach.

Jeremey Howlett
8 days ago

The building looks nice but I think the city should have required the setback from 17th street to match the Fillmore theatre setback and change the zoning to allow for a taller building to compensate for the setback.

Anonymous
8 days ago

It needs to be broken up, too. That’s the problem with height limits when you get blobs like these.

Anon
8 days ago

It’s like someone condensed Cipriani Residences into a squat version of itself – ARQ is getting so repetitive/lazy like come on

Anonymous
8 days ago

“Is getting?” Where have you been the last ten years?

Anonymous
7 days ago

thats a good one! fully agree