New vision for mid-Miami Beach

  •   PATRICK FARRELL / MIAMI HERALD

  •   PATRICK FARRELL / MIAMI HERALD

  • Rem Koolhaas, pictured, is one of the celebrity architects Alan Faena signed up to design a set of three new buildings that, together with the existing hotels, would costitute what Faena has branded as the Faena District Miami Beach.. File photo

  • An architectural rendering of the Faena District cultural building on Collins Avenue by Office for Metropolitan Architecture. dbox / Office for Metropolitcan Architecture

  • Architectural rendering of the Faena District cultural building by Office for Metropolitan Architecture as seen from Indian Creek Drive. dbox / Office for Metropolitcan Architecture

  • Alan Faena announced the hiring of film director Baz Luhrmann, pictured, of "Moulin Rouge" and "Great Gatsby" fame, for a yet-unspecified role on his Faena District creative team. Rick Rycroft / AP file

  • An architectural rendering showing an overhead view of the planned Faena District in Miami Beach. Handout / Faena District Miami Beach

  • An architectural rendering of the robotic garage at the Faena District on Collins Avenue by Office for Metropolitan Architecture. dbox / Office for Metropolitan Architecture

  • Billionaire Leonard Blavatnik, pictured, is Alan Faena's financial backer. Nick Harvey / Getty file

  • An architectural rendering show the Faena House condominium by Foster + Partners from Collins Avenue. Foster + Partners

  • An architectural rendering showing the top floors of the Faena House condominium by Foster + Partners. Foster + Partners

  • An architectural rendering showing the two-story, $50 million penthouse at the Faena House condominium by Foster + Partners. Foster + Partners

  • Norman Foster, pictured with Elena Ochoa Foster, is one of the celebrity architects Alan Faena signed up to design a set of three new buildings that, together with the existing hotels, would costitute what Faena has branded as the Faena District Miami Beach.. Fotonoticias / Getty file