Downtown Miami Gets A Facelift As Hotel Market Heats Up

Law360, New York (June 14, 2013, 4:40 PM EDT) -- Downtown Miami has emerged from the Great Recession as fertile ground for new condominium, retail and especially hotel development, attracting a slate of ambitious large-scale projects that could transform the city's long-overlooked urban core.

The return of capital has already made Miami one of the hottest hotel markets in the world. Additions like MDM Group's recently revealed convention center plans, Florida East Coast Industries' All Aboard Florida train line to Orlando and the Museum Park on Biscayne Bay, which is under construction, suggest development has reached the critical mass necessary to catch the eye of major investors.

"I think Miami is...

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