Miami Riverbridge Update 06/24/24

Miami Riverbridge Development Receives Unanimous Approval



The City of Miami Urban Development Review Board granted unanimous approval for Miami Riverbridge, the redevelopment of the Hyatt Regency in Miami. The project plans were submitted by Miami developer Gencom and Hyatt Hotels Corporation. The development will include a 3-tower complex comprised of 1,806 apartments (264 will be serviced), 615 hotel rooms, 190,000 sq ft of meeting space, 20,000 sq ft of co-working space, and 1,100 parking spots. The 3.8 million square foot development will be highlighted by an 87-story tower that will rise to 1,044 feet and will contain 860 apartments. Another tower, 61 stories, will contain 682 apartment units. Another 62-story tower will house a 615-key Hyatt Hotel with over 100,000 square feet of meeting space and 264 serviced apartments. The towers will be connected at the top by a sky bridge featuring an upscale restaurant and lounge. Other elements of the development include construction of a 480-foot section of the Miami Riverwalk pedestrian promenade, which will include 50,000 square feet of new public space. In addition, there will be a covered connection to Metromover’s Knight Center Station. Construction is expected to begin in 2026 with completion in 2030.

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