Third time’s a charm? Hyatt and Gencom unveil new plan for hotel, apartments on James Knight Miami River site

Hyatt Hotels’ stalled plan to redevelop its downtown Miami River site and adjacent James L. Knight Center is back.

Hyatt and Coconut Grove-based Gencom are partnering on a new proposal for three towers with a 615-key hotel and more than 1,500 apartments, and are seeking an extension of Hyatt’s ground lease for the city-owned property, according to the developers’ news release. Event and meeting space would replace and expand by 50 percent the Knight Center, which for four decades has hosted university graduations, conferences and trade shows.

The duo made their latest pitch to a subcommittee of the Miami River Commission, a board charged with reviewing proposals along and near the riverfront, on Tuesday. The Miami City Commission is expected to vote this summer on putting the project and lease extension before voters on a November referendum.