Miami Beach Convention Center hotel plan still alive
Development of a Miami Beach Convention Center Hotel has been delayed for an unknown period, but developer David Martin of MB Mixed Use Investment LLC said in a statement he is still confident in the project.
On March 16, Miami Beach spokesperson Melissa Berthier told Miami Today this week, the developer notified the city that it was experiencing “adverse delays” due to Covid, in keeping with the notification requirements of its contract. Since events including a pandemic would qualify the developer for an extension, she said, one was granted for a still-unknown period. According to a spokesperson for developers, a new timeline has not yet been announced.
“Under the development agreement,” Ms. Berthier said, “the developer is entitled to, and the city is required to grant, an extension of time for events of force majeure and/or economic force majeure, which would include epidemics/pandemics such as Covid-19 and/or economic events that would impair the developer’s ability to obtain financing for the hotel project.”
“Our team is fully committed developing the Miami Beach Convention Center Hotel,” Mr. Martin said in a statement. “Since announcing a management agreement with Hyatt, one of the world’s premier hospitality operators, earlier this year, we have been working to finalize construction and engineering plans for the hotel.”
Indeed, Ms. Berthier said, the decision to make the hotel a Grand Hyatt was announced last December.
According to a February press release, the 800-room, 17-story hotel was set to open in 2023 before the pandemic struck. The new hotel, it said, was to be the second Grand Hyatt in Florida, and was to connect guests to the recently-renovated convention center via a skybridge.
“We all look forward to the day that this pandemic is behind us,” Mr. Martin said. “We remain confident of Miami Beach’s long-term future as a premier business, leisure and convention destination, and we look forward to the grand opening of the Grand Hyatt Miami Beach.”