South Florida LGBTs will soon have a new playground. G Wordwide, out of New York, plans to break ground on an $80 million, 700,000 square foot resort with a fitness center, spa, nightclub and restaurants. The resort will be at 1224 NE 24th Street and is scheduled for completion in 2011. It will reportedly bring 500 jobs to the area and the developers are planning on attracting 25 major events to the resort.
The project also has a timeshare component which will allow visitors to purchase from the 172 planned units, including 3-story, 3,000-square-foot penthouse suites. That component is expected to make up about 20% of the resort’s revenue.