The Goodtime Lodge with Pharrell Williams and (from top) David Grutman, Michael D. Fascitelli and Eric Birnbaum (Getty, Alice Gao)

Immediately after approximately 5 years and $200 million, the Goodtime Resort is almost open.

The Washington Avenue hotel, developed by Imperial Companies’ Michael D. Fascitelli and Eric Birnbaum, opens Thursday. The builders brought on star talent to provide and run the home: Pharrell Williams, hospitality mogul David Grutman and designer Ken Fulk.

The 266-vital hotel, at 601 Washington Avenue, options about 100,000 square feet of general public areas, Grutman’s 30,000-square-foot Strawberry Moon restaurant and pool club, 45,000 sq. ft of ground flooring retail, a health and fitness center and library, in accordance to a release.

The challenge marks the to start with lodge for Grutman, founder of Groot Hospitality. The builders paid out $36 million for the whole Washington Avenue block in 2015, documents clearly show. The venture was partly financed with a $45 million mortgage from Lender OZK in early 2018.

“This location of Washington Avenue was in deep will need,” Fascitelli said. “It took a large amount of revenue to provide it to this issue.”

Fulk said it “feels like the great moment” to open the hotel, with so significantly notice concentrated on South Florida. The Goodtime is hosting InterMiami’s soccer time start on Friday and will have pool activations this weekend to celebrate the opening, Grutman claimed.

The hotel and house ended up made by architect Morris Adjmi, Fulk and landscape architect Raymond Jungles. Hotel rooms range from about 200 square toes to 1,000 sq. toes, Birnbaum reported.

The companions, who referred to the hotel as “approachable luxury,” said they’re open to producing much more Goodtime lodges. Birnbaum and his company, Dreamscape Providers, are getting inns throughout the place. He explained he is also seeking for new improvement websites in the Miami location.

“The key is to get this 1 correct and make it a results,” Birnbaum added. “When and if we do that, prospects will come up.”