The Omni
The Omni Center and Hilton Downtown is situated in Miami's Art and Entertainment District. The property, at 1501 Biscayne Blvd., has 1.5 Million square feet of office, retail and hotel space, and a 2,700-space parking garage on 14 acres. The hotel has 527 rooms.
September 2011 Update - Congratulations for our lead partners on successfully selling this note to The Genting Group. For full details please see the news section of our website or click below:
http://www.miamiherald.com/2011/09/14/2407173/genting-unveils-plan-for-miami.html
In May of 2011 Scheck Group, along with lead partners Rok Acquisitions,The Related Group, and Tate Capital, bought the Senior Debt to the property.
The property has received $66 million in capital improvements since 2008. Formerly a mall, it has been mainly transformed into offices and educational space. Possible redevelopment opportunities might include a retail big box tenant and a residential building in the north portion of the structure.
The Omni is close to venues such as the Arsht Center, Bicentennial Park, Bayfront Park, American Airlines Arena, and the New Florida Marlins Ballpark opening 2012. It has direct access to the Miami Metromover which provides access to Metrorail and Tri-rail.
To learn more about this historic site, please visit: http://en.wikipedia.org/wiki/Omni_International_Mall_of_Miami
