Just after roughly five several years and $200 million, the Goodtime Resort is virtually open up.
The Washington Avenue lodge, produced by Imperial Companies’ Michael D. Fascitelli and Eric Birnbaum, opens Thursday. The builders introduced on star talent to provide and work the home: Pharrell Williams, hospitality mogul David Grutman and designer Ken Fulk.
The 266-key resort, at 601 Washington Avenue, features about 100,000 sq. feet of general public areas, Grutman’s 30,000-square-foot Strawberry Moon cafe and pool club, 45,000 sq. feet of floor floor retail, a gym and library, according to a launch.
The undertaking marks the first hotel for Grutman, founder of Groot Hospitality. The developers paid out $36 million for the full Washington Avenue block in 2015, records display. The task was partially financed with a $45 million financial loan from Lender OZK in early 2018.
“This region of Washington Avenue was in deep need,” Fascitelli mentioned. “It took a large amount of cash to carry it to this place.”
Fulk explained it “feels like the fantastic moment” to open up the lodge, with so a lot attention centered on South Florida. The Goodtime is internet hosting InterMiami’s soccer season launch on Friday and will have pool activations this weekend to rejoice the opening, Grutman claimed.
The resort and assets were built by architect Morris Adjmi, Fulk and landscape architect Raymond Jungles. Resort rooms assortment from about 200 sq. feet to 1,000 sq. ft, Birnbaum said.
The companions, who referred to the hotel as “approachable luxurious,” mentioned they are open up to developing much more Goodtime inns. Birnbaum and his agency, Dreamscape Corporations, are getting inns throughout the country. He explained he is also looking for new growth web pages in the Miami region.
“The key is to get this 1 ideal and make it a good results,” Birnbaum additional. “When and if we do that, possibilities will occur.”