EPIC Miami Residences and Hotel
EPIC Miami Residences and Hotel was a two-building condo-hotel to be constructed in Miami, Florida by Lionstone Hotels and Resorts. Only the first phase, Epic Hotel & Residences was built. Lionstone bought the former DuPont Plaza Hotel in August 2001[1] with the intention of renovating it at a cost of $80 million, but instead demolished it between April 2004 and January 2005.[2]
Lionstone formed a partnership with Ugo Colombo to develop the site of the former DuPont Plaza Hotel into EPIC Miami Residences and Hotel, a mixed-use development, at a cost of US$370 million.[3] The first 342-unit tower, Epic, was completed in 2008, to be followed by a second nearly 600-unit tower. The 414-room hotel is currently managed by Kimpton Hotels.
The second phase was cancelled during the recession, and the land was sold at a record unit price of $100 million per acre, at $125 million for the 1.25-acre (0.51-hectare) lot.[4]
References
[edit]- ^ DuPont Plaza's owners planning demolition – Retrieved November 22, 2007
- ^ Mayor Manny Diaz & Commissioner Johnny Winton To Personally Complete The Demolition Of Dupont Plaza Archived December 4, 2008, at the Wayback Machine – Retrieved January 13, 2007
- ^ EPIC Proportions Archived 2007-09-30 at the Wayback Machine – Retrieved July 6, 2007
- ^ Brannigan, Martha (July 15, 2014). "Miami land fetches $100 million an acre". The Miami Herald. The McClatchy Company. Retrieved November 21, 2015.
External links
[edit]25°46′14″N 80°11′22″W / 25.770534°N 80.189335°W