The Malaysian gaming giant that bought the former Miami Herald site in downtown Miami Monday received a permit to demolish the media companys former headquarters.
The demolition is slated to take place by the end of 2013, according to a statement released by Bill Thompson, senior vice president of development for Resorts World Miami, which is owned by The Genting Group.
In March, Genting revealed plans for a mixed-use complex with a five-star hotel, luxury condos, waterfront restaurants, retail space and an 800-foot long promenade along Biscayne Bay. Those plans were significantly scaled back from an initial $3.8 billion project, proposed in 2011, that was to include a casino.
Genting paid $236 million for the former Herald site, which includes almost 14 bayfront acres.
The Herald moved from its former downtown location to Doral in May.