The downtown Miami property at 340 Biscayne Boulevard, currently home to the Holiday Inn Port of Miami-Downtown, is set to undergo a transformative redevelopment that will reshape the city’s skyline. The 10-story hotel, originally built in 1950, occupies a prime location in the heart of downtown, making it a highly sought-after site for mixed-use development.
Regalia on the Bay
The approved plans envision an 82-story tower designed by the internationally acclaimed architecture firm Arquitectonica. The project, named Regalia on the Bay, will feature 374 luxury condominiums, 120 hotel rooms, office and retail spaces, and 500 parking spaces. This combination of residential, hospitality, and commercial use reflects a growing trend in Miami to maximize high-density urban sites while creating vibrant, multi-functional destinations.
The redevelopment offers an opportunity to reimagine downtown Miami living and working environments. Residents will enjoy access to modern amenities, waterfront views, and proximity to cultural and business districts. The hotel component is expected to attract tourists and business travelers, supporting the local economy and contributing to the city’s reputation as a premier destination for luxury hospitality.
A key element of the project is the integration of retail and office spaces, providing opportunities for local businesses and national brands alike. By incorporating commercial space within a primarily residential tower, the development will create a dynamic urban hub where residents, visitors, and workers can interact seamlessly.
The site’s redevelopment process is advancing through legal channels, with a Miami federal bankruptcy court hearing scheduled for Jan. 9 to finalize the sale. Once approved, construction is expected to commence promptly, signaling a major step forward for Miami’s urban growth. The project’s scale and location make it one of the most significant redevelopment opportunities in the city, offering investors and developers a chance to contribute to the evolving skyline.
Downtown Miami has experienced a surge in mixed-use development over the past decade, driven by strong demand for luxury residences, premium office spaces, and lifestyle-oriented commercial environments. Projects like Regalia on the Bay highlight the city’s continued appeal to both domestic and international investors seeking to capitalize on Miami’s vibrant real estate market.
Beyond its economic impact, the redevelopment is anticipated to enhance the city’s urban fabric. With careful planning and design, the tower will introduce architectural distinction to Biscayne Boulevard while respecting Miami’s cultural and historic context. The integration of public amenities and thoughtfully designed retail spaces will contribute to a more lively, pedestrian-friendly streetscape.
As Miami continues to grow as a hub for luxury living, hospitality, and commerce, the transformation of the Holiday Inn site represents a key milestone in the city’s ongoing evolution. Residents and visitors alike can look forward to a destination that combines cutting-edge design, modern living, and vibrant community spaces—all in the heart of downtown Miami.
With the court approval pending and construction likely on the horizon, this redevelopment underscores the city’s position as a global leader in urban mixed-use projects. As the skyline rises, Miami’s downtown will not only gain a landmark tower but also a new hub for luxury living, work, and entertainment.
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