Sheraton stays open for now [South Florida]
Demolition of the Sheraton Bal Harbour will wait until next year as developers shuffle their plans for a condominium and resort complex, an executive said Wednesday.
The Sheraton Bal Harbour gets a reprieve as developers hold off demolishing the resort to make way for condos. A cooling real estate market helped spark the delay.
The oceanfront resort will remain open at least through 2006, and probably into February, when the Super Bowl comes to Dolphins Stadium. And when developers replace it with the pricey new St. Regis, they will retain ownership of most of the 230 rooms instead of selling all of them off as condo-hotel units, as earlier planned.