Construction of a centerpiece hotel for the Miami Beach Convention Center will move forward this year, co-developers Terra and Turnberry announced.
Miami-based Terra and Aventura-based Turnberry said they hired Dallas-based Balfour Beatty as general contractor of the project and site work has already begun. They expect to start vertical construction of the Grand Hyatt Miami Beach Convention Center Hotel later this year and complete the project in 2025.
The 17-story hotel will have 800 rooms, making it the fifth-largest hotel in South Florida and the second-largest hotel in Miami Beach, according to the Business Journal‘s Book of Lists.
The hotel will include four floors of meeting and ballroom space, a resort-style pool deck, a signature restaurant, retail space, a lobby lounge and bar, and a sky bridge with access to the convention center.
It will be developed at the corner of 17th Street and Convention Center Drive.
The project will be privately funded.