- Terra and Turnberry, two South Florida actual property growth companies, have secured $392 million in building financing from TYKO Capital to advance the event of the Grand Hyatt Miami Seashore.
- The 800-room, 17-story property, slated for completion in late 2027, can be an anchor for Miami Seashore’s Conference Heart District. It can present new luxurious lodging and public areas, in addition to improved connectivity and infrastructure upgrades.
South Florida actual property companies Terra and Turnberry have secured $392 million in building financing from TYKO Capital, bringing the Grand Hyatt Miami Seashore growth nearer to actuality. The 800-room, 17-story resort is about to turn into a landmark in Miami Seashore’s Conference Heart District, providing luxurious lodging, new public areas, and enhanced connectivity and infrastructure.
The financing will facilitate the mission’s groundbreaking, which is scheduled for completion in late 2027. This follows the completion of pre-construction website work and comes after the mission was awarded a $75 million grant from the Miami Seashore Redevelopment Company in late 2024.
Positioned strategically at seventeenth Avenue and Conference Heart Drive, the Grand Hyatt Miami Seashore is about to supply seamless entry to the newly renovated Miami Seashore Conference Heart. The resort goals to be the primary main conference resort in Miami Seashore immediately adjoining to and linked with the Miami Seashore Conference Heart, thus enhancing town’s capacity to draw main nationwide and worldwide shoppers.
“The Grand Hyatt Miami Seashore is a game-changer for main assembly and occasion planners and a transformative addition to our conference heart ecosystem,” mentioned David Whitaker, President & CEO of the Higher Miami Conference & Guests Bureau.
The resort design, by Arquitectonica’s Bernardo Fort-Brescia, contains 12 flooring of visitor rooms, together with 52 suites with sweeping views of Miami Seashore, and 4 flooring of assembly and ballroom areas. Friends could have entry to a resort-style pool deck with panoramic metropolis views, a signature restaurant, and a foyer lounge and bar.
The resort can even introduce new public areas, pedestrian-friendly promenades, bike-sharing stations, and connectivity to public transit, consistent with Miami Seashore’s broader sustainability and resilience targets. The mission, which was overwhelmingly authorized by Miami Seashore voters in 2018, is a key element of town’s efforts to remodel its Conference Heart District right into a extra dynamic, walkable, and economically vibrant hub.