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BY Michael Light / On November 25, 2015

 
Finally…after more than a year under contract, the Holiday Inn located at 340 Biscayne Boulevard in Downtown Miami sold last Friday for $65 Million, and the developers plan to tear down the hotel and build the World Trade Center of the Americas…could they have picked a worst name?

The World Trade Center of the Americas that will replace the Holiday Inn will be a 77-story, mixed-use tower that will include 400 condo residences, 240 hotel rooms, 270,000 square feet of retail space and 246,000 square feet of office space, according to the attorney representing the developers, Iris Escarra. In fact, Miami’s Urban Design Review Board has already approved the plans for the nearly 3-acre, mixed-use development.

Standing 953 feet tall, the World Trade Center of the Americas will be one of the tallest towers in South Florida, and has already been approved by the FAA with respect to its proposed height.

The buyer of the $65 Million Holiday Inn is a Brazilian developer named Gilberto Bomeny. And, the Sunny Isles Beach developer who brought us Regalia, Louis Montello, is also listed on corporate documents filed by one of the companies that submitted plans to the city of Miami, according to the Miami Herald.

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