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Cashflow In Miami
December 1, 2021

Three New Oceanfront Luxury Hotel Towers Are in the Works!!

1700 block of Collins Avenue

Raleigh South Beach getting restored with addition of brand new 175-feet

Developer Michael Shvo intends to restore the Raleigh and the adjacent South Seas and Richmond Hotels and construct a new 175-ft luxury residential tower in the 1700 block of Collins Avenue.

Shvo, Chairman and CEO of SHVO, and his partners purchased The Raleigh from Tommy Hilfiger in February 2019 for $103 million. When the City Commission approved a text amendment allowing buildings up to 200 feet on the site, they closed on the purchase of the adjacent Richmond and South Seas for a combined $140 million in August 2019 to create a unified development site and build a new tower behind the Richmond and South Seas. All of the buildings were designed by L. Murray Dixon in 1940-41.

1901 Collins Ave, Miami Beach, FL 33139

The Shore Club getting a brand new 17-story tower!

Robert A.M. Stern Architects is partnering with developers Witkoff and Monroe Capital on the redevelopment.

Combined, the redeveloped Shore Club will have:

  • 80 condos
  • one private villa
  • 65 boutique hotel suites

The Shore Club was built in 1949. It was combined with the Cromwell (built 1939) in 2001, which will also be restored. Kobi Karp is the architect of record. Heritage Architectural Associates is overseeing historic preservation, while Island Planning Corporation is overseeing landscape design.

1671 Collins Ave, Miami Beach, FL 33139

Ritz-Carlton SOBE has new tower coming on board !! The owners of the Ritz Carlton and Sagamore in South Beach have submitted plans to build a 200-foot residential condo tower .The new residential tower will be built cantilevered over an existing 4-story cabana at the Ritz Carlton hotel in South Beach. The tower will also partially sit on the Sagamore property next door, where a 1990s building will be demolished. The new tower will have 50 condo units with Ritz Carlton branding. The Sagamore hotel tower will also be given Ritz Carlton branding and incorporated into the existing Ritz property next door, the letter said. A third floor pedestrian bridge between the two properties is part of the plans. A gut demolition of the Sagamore is also planned, which will increase rooms to larger more luxurious sizes, but reduce room count from 103 to approximately 60. There will also be other renovations at the existing Ritz Carlton to allow for a more unified operation with the Sagamore.

Kobi Karp is the architect of record for the new tower and renovations.

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