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Developers: test piles in February; financing closing targeted for March; foundation work in April; hotel opening targeted for Nov. 2027
Summary
Project teams say test piles for the Miami Beach Convention Center headquarters hotel are scheduled for February, with a financing closing targeted for March and foundation work to begin in April; the developer still aims for a November 2027 opening.
Terra (project manager) and city project staff updated the committee on the Miami Beach Convention Center headquarters hotel schedule. Yvette Batista, construction project manager for the developer, said project teams have secured term sheets with the lender and are in due diligence; test piles are scheduled to begin in February, a closing is targeted for March and foundation/pile construction will begin in April. The developer continues to…
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