Dream Hotel Group announced plans to open a 165-room, 10-story hotel as part of a hospitality-driven entertainment complex in downtown Miami. Scheduled to open in 2025, Dream Miami will be the hospitality and entertainment centerpiece of Riverside Wharf, a 200,000-square-foot, dual-tower development in Miami’s developing residential, commercial, retail and tourist destination. The project is being led by Miami-based developer MV Real Estate Holdings in conjunction with Driftwood Capital and designed by Jon Cardello of Miami-based Cube3 architects with landscape design by Savino-Miller Design Studios.
“There is a natural synergy between Dream Hotel Group and the city of Miami,” said Dream Hotel Group CEO Jay Stein. “Our leading lifestyle brand Dream Hotels continues to expand quickly, just like Miami, offering international hospitality, vibrant entertainment and one-of-a-kind experiences sought by local residents, as well as business travelers and pleasure seekers from across the globe. We are thrilled to take part in this extraordinary project and can’t wait to open our doors in 2025.”
Located on 600 linear feet of water frontage, Dream Miami will have 165 guestrooms and suites and six dining and nightlife venues, topped off by a 30,000-square-foot rooftop pool deck and nightclub. The property will also have a 10,000-square-foot event hall, health and wellness facilities and a private marina capable of accommodating mega yachts for VIP guests. Currently operating on the site is also the famous Wharf Miami restaurant managed by Breakwater Hospitality Group.
“Our strategic partnership with Dream Hotel Group represents the values we share in contributing to the revitalization of great cities,” commented Alex Mantecon, CEO of MV Real Estate Holdings. “Dream Miami will be the centerpiece of this landmark development and is the ideal catalyst to keep transforming the Miami River into a thriving world class destination.”
When complete, the $185 million mixed-use development will anchor the developing Miami River District, close to Miami’s business district and other market drivers like Brickell Ave, the Marlins Park, the FTX Arena and the Biscayne Bay. Riverside Wharf is slated to break ground in 2022 and will be completed by 2025.