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Rentyl Resorts Partners With New Luxury Hotel Brand To Develop, Manage Upscale Historic Hotel In Miami Beach

2814 Collins Avenue Rendering_Image Provided by Rentyl 1170x435

Rentyl Resorts announced its collaboration with DaVinci Hospitality Group and Ferrari Group to brand and manage a new, cutting-edge boutique hotel at 2814 Collins Avenue in Miami Beach.

This partnership unites Rentyl’s expertise in creating authentic, extraordinary experiences with DaVinci Hospitality’s proven success in developing captivating properties.

“We are delighted to work with DaVinci Hospitality Group,” said Nicholas Falcone, CEO of Rentyl Resorts. “This venture aligns perfectly with our goal of providing a unique Miami Beach experience at a vibrant condo hotel.”

Set for transformation into a chic 44-unit retreat, the property boasts a prime location with direct beach access and proximity to fine dining. In homage to autistic artist J. Stacholy, whose historic mosaic graces the courtyard, the hotel will feature artworks by other local artists, celebrating Miami’s rich cultural and artistic heritage.

The ground floor will debut innovative restaurant and entertainment concepts, reflecting Miami’s diverse cultural and culinary landscape. Rentyl and DaVinci Hospitality will work collaboratively to preserve the property’s historical significance, while integrating contemporary design elements and cutting-edge technologies to ensure the highest possible overall guest satisfaction.

Rentyl will employ targeted branding and marketing strategies, alongside comprehensive hospitality services including front-office operations, concierge services, and exceptional management, to position this boutique hotel as a top Miami destination. Additionally, this partnership enhances developer options by offering the flexibility to consider integrating condo sales into Rentyl Resorts’ comprehensive rental program.

Together, Rentyl Resorts, DaVinci Hospitality and Ferrari Group look forward to creating an unparalleled hospitality experience at this iconic Miami Beach location.

 

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Miami Beach Weighs A Hotels Moratorium

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Miami Beach, the county’s visitor magnate for a century, is considering a moratorium on adding hotel rooms.

A discussion headed to the city commission’s Land Use and Sustainability Committee is to weigh repeal of floor area ratio incentives for hotel developments, a cap on hotel rooms based on zoning districts, and a recently enacted New York model for addressing the limits on approvals for hotels.

The city commission approved a market study researching the correct balance of residents and hospitality in Miami Beach in December 2021.

“The reason why I commissioned this study is [because] I think that you hit a fine line when you cross over a certain amount of hotel rooms versus residential, and studies like this have been done in other communities.… I wanted to get this presentation and have a robust discussion. We might have to recommission this study,” said Commissioner Kristen Rosen Gonzalez, who brought the discussion to the city commission in December.

“I think it’s a very different commission,” she said at that meeting. “I think that … the former commission was a lot more excited about building thousands more hotel rooms and the reason I commissioned this study was so that we would stop…. We’re going to… flood the market now with an additional 800 rooms when the new Convention Center hotel hits.”

In addition to Commissioner Rosen Gonzalez’s initial item, the complexity of the topic interlaced with other commissioners’ talking points.

A discussion to repeal the floor area ratio incentive for hotel development in areas like the commercial district was approved to be sent to the Land Use and Sustainability Committee, said Commissioner Alex J. Fernandez.

“I think that’s going to be important, sending a big message when we repeal an incentive like that that right now incentivizes hotel development, and we’re going to be discussing that at Land Use,” he said. “We also approved a referral to the Land Use Committee on another item to establish a cap on the maximum number of hotel rooms that may be developed in particular zoning districts.

“As part of that discussion,” he said, “we’re looking to limit which zoning districts permit hotels, increasing the minimum and average unit size potentially for hotel rooms because that’s one of the ways through which we can limit hotel development and promote more permanent residential development and limit the density of new hotel rooms in the city.”

Commissioner Fernandez suggested that the discussions are “all alike and almost belong together at the Land Use Committee” and could be referred a single conversation.

In the December meeting, commissioners pointed to 21,000 hotel rooms in the city and a little over 2,000 hotel rooms in the pipeline to be built.

Commissioner Rosen Gonzalez used the statistics to showcase her point.

“You’ve got an additional 2,000 rooms including the Convention Center hotel, which would take us to 23,000,” she said. “I would say after listening to this we consider a possible moratorium and then the city can possibly absorb more hotel rooms, but right now we are suffering economically. Across South Beach, there’s rooms at $40 … a night.”

“I believe in supply and demand,” said Commissioner Joseph Magazine. “I believe that our ecosystem is out of whack, and I want that to be data dependent and data driven. For years, ever since 2017 when the state and local tax reform was passed that actually was the catalyst for the wealth migration out of high tax states like New York, Illinois, California, and the entire rest of our region benefited from that, we just continue adding… hotel[s], whether that leads to a moratorium or something else.

“We need to address this,” Mr. Magazine said. “It needs to be data driven. We are not adding full-time residential housing. That’s a fascinating stat that we have about 20,000 hotel rooms. We’re increasing our capacity by 10%.”

Some sort of action must be taken, said Commissioner Rosen Gonzalez. She suggested a case-by-case system whereby “if anybody wanted to build a hotel, and they had some ridiculous vision that was not permitted and they had a new use,” she said, “they could come before us and they could ask for special permission. But I would like to stop it. Because I don’t think we need any more hotel rooms right now.”

“That [Gonzalez case by case idea] actually segways into a conversation I’ve had with legal,” said Commissioner Magazine. “It didn’t make the December agenda, because we’re still fleshing out the legal viability of that, but New York City, just in recent years, actually said you can no longer build a hotel as of right. It has actually come to their version of the city council, and I would entertain something like that because I don’t know if I’d buy into a complete moratorium for a six-star hotel in the Faena district, on the waterfront where room rates are $1,200 a night … sure, maybe that adds to things.”

“However, more infill hotels in the middle of Collins Park or other areas that should be dedicated and provide incentives for full-time residential housing,” he said, “essentially, an ordinance like that, which I’m going to continue to discuss with legal actually would provide a case-by-case basis. I don’t want to say that we would make exceptions, but for a certain period of time, we could even say until the Convention Center is built – I originally had three to five years but I think maybe that’s a great leeway – that any hotel application actually has to be approved by the City Commission and could no longer be done as of right.”

 

Source:  Miami Today

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Shelborne South Beach To Undergo Major Renovation

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A joint venture between Westdale Properties (“Westdale”), King Street Capital Management (“King Street”), and Cedar Capital Partners (“Cedar Capital”), (together the “Development Team”), announced plans for the new “Shelborne South Beach by Proper” (the “Hotel”), located at Collins Avenue and 18th Street in South Beach.

Major renovation and a redesign of the Hotel’s guestrooms, food and beverage venues, pool deck, cabanas and meeting and event spaces have begun. Following completion of the renovation, the Hotel will be managed by Proper Hospitality and will be the company’s first hotel in Florida.

Drawing from the rich history and heritage of the Shelborne South Beach, the Development Team is committed to preserving the Hotel’s 1940 Art Deco distinction and authentic charm, while modernizing the Hotel through a comprehensive $85 million renovation. Capturing the essence of Miami’s Art Deco and MiMo architectural history, the design will fully embrace the rich legacy originally crafted by Igor Polevitzky and later improved upon by Morris Lapidus —two of the most celebrated Art Deco architects of the mid-20th century.

“With our partners and Proper Hospitality, our role is to serve as custodians of the past while preserving the rich heritage of this iconic hotel,” said Mitchell Cohen, Chief Operating Officer of Westdale Properties. “Our intention is to retain, and, in fact, restore, all of the original heritage elements and imbedded history in order to make the new Shelborne South Beach by Proper capable of ushering in, and once again elevating, the famous Miami Beach Art Deco destination. It is a perfect fit for us as Proper Hospitality shares our objective of ensuring the heritage of the Shelborne South Beach continues and will be protected and enjoyed by future generations.”

All the heritage elements in the Hotel will be saved and restored for enjoyment by all.

“After decades of being hidden, the magnificent two-story windows along 18th Street will once again be brought back to life, flooding the new lobby with natural light, the way it was originally designed to be,” added Cohen.

Westdale has a substantial real estate portfolio in Canada and the US (including extensive properties in Florida) and investments in local Miami hospitality businesses (e.g., restaurants such as Swan and Komodo). Westdale is also developing Frank Gehry’s first residential towers in Canada, and his tallest in the world: Forma Toronto.

The Development Team worked extensively with the City of Miami Beach and local preservation agencies to ensure the restoration would both honor and care for the architectural legacy and history of the Hotel.

“We are thrilled to see the historic Shelborne South Beach begin its renovation and rehabilitation project. We are thankful to the owners for their investment to preserve the iconic hotel designed by Igor Polevitsky, with a later addition by Morris Lapidus. It is truly one of the great Art Deco district landmarks” stated Daniel Ciraldo, Executive Director of the Miami Design Preservation League.

 

“We are pleased to partner with the Development Team and the City of Miami Beach on this next chapter for the Shelborne South Beach,” added Mark Van Zandt, Managing Director and Co-Head of Real Estate at King Street. “As the South Beach district continues to transform, we believe the Hotel will further cement the area’s reputation as a premier global destination, aligning with our mission of adding value to neighborhoods through thoughtful design and execution.”

 

“Building on Proper Hospitality’s success in locations such as Santa Monica, Los Angeles, Austin, Palm Springs and Maui, Proper’s design aesthetic and redefined take on luxury will breathe new life into the Shelborne South Beach, restoring it to its grandeur of a half century ago,” said Ben Leahy, Partner of Cedar Capital.

Shelborne South Beach by Proper will feature 251 guest rooms and suites and will reopen in early 2025. In the coming months, Proper Hospitality will announce details surrounding the design, programming food and beverage concepts, and spaces that ensure the hotel will be an exciting new destination for locals, groups, and global leisure visitors alike.

“Proper’s seasoned leadership team has a long history operating high-end experiential design hotels in Miami and we are excited to return, introducing Proper’s take on redefined luxury to the South Beach market. Miami is a coveted destination among our guests and Shelborne South Beach by Proper will showcase how we are able to create a feeling of belonging and connection for our clientele through our one-of-a-kind design, a signature style of service, vibrant food and beverage outlets, and dynamic guest experiences,” said Brian De Lowe, Co-Founder and President of Proper Hotels.

Shelborne South Beach by Proper will usher in a new level of hospitality, bringing together immersive design, thoughtfully designed experiences, and programming to become a defining centerpiece of Miami’s vibrant South Beach.

 

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Real Estate Mogul Robert Finvarb Cos. Plans Hotel In Wynwood

Robert Finvarb's Proposed Wynwood Hotel_Rendering Credit MKDA 1170x435

On December 5, the Wynwood Design Review Committee will review designs for an 11,250-square-foot site located at 160 N.W. 28th St.

The parking lot was purchased in March for $6.7 million by Robert Finvarb‘s Miami-based company, 160 NW 28 St Associates LLC.

The hotel would have eight stories and total 45,770 square feet. It would have 116 rooms, a restaurant with 205 seats in 3,698 square feet on the mezzanine level, and a restaurant with 156 seats on the roof. Additionally, there would be 24 parking spots on the basement level, a gym on the second story, and a rooftop pool.

The sizes of the rooms would be 298 to 624 square feet.

Finvarb stated that the hotel will feature rooms that were full-sized, in contrast to the current Wynwood hotels that offer smaller rooms. For this project, he anticipates inking a branding agreement with a large hotel chain.

He hopes to break ground in Wynwood in the third or fourth quarter of 2024.

 

Source:  SFBJ

 

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Investor Plans To Renovate Miami Beach Hotels

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The historic Bellamar and Viking Hotel in Miami Beach could get a makeover.

Private investor Richard D Cohen Lancry filed a plan to renovate the three-building complex that includes both hotels and a utility building situated between them. The low-rise property, completed in the late 1930s and designed by Roy France and GL McCann, spans 11,790 square feet at 220 and 230 31st Street, west of the oceanfront Palms Hotel & Spa.

Lancry, who’s based in Sunny Isles Beach, wants to tear down the one-story utility structure in the middle of the 12,000-square-foot site and replace it with a courtyard that will include a pool deck and dining area. Plans also call for the two hotels to have 46 rooms — six fewer than the current number — as well as a front lobby and a “modest” restaurant and bar.

The investor acquired the property for $8.4 million last year, according to property records.

The Miami Beach Historic Preservation Board is scheduled to hear the proposal Dec. 12.

 

Source:  Commercial Observer

 

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Miami Beach To Consider Mixed-Use Development Deal For City Land

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On the city parking lot next door, the owner of Miami Beach’s Washington Park Hotel has proposed to create a mixed-use project.

On October 18, the City Commission will consider how to move forward with WPH Properties LLC‘s offer for the 14,694-square-foot parking lot at 1000 Washington Ave. It may decide to suggest that municipal employees make a contract, look for additional bids, or decide not to proceed with any proposal at all.

For $43.75 million, WPH Properties purchased the nearby Washington Park Hotel in the beginning of 2021. The business made the city an unsolicited bid for the parking lot later that year. The preliminary terms of a development agreement have been considered by city employees.

The developer wants to pay $2 million over the first three years, as well as $470,000 annually with a 2% annual increase, to lease the lot from the city for 99 years. The property was evaluated for $8.8 million, according to the city.

WPH Properties presented their ideas for a seven-story structure that would house 1,75 parking spaces, including one level of underground parking, 4,065 square feet of commercial space on the ground floor, and 33,640 square feet of office space. On the roof would be an amenity deck with a pool.

The term sheet does state that, contingent upon the developer’s choice of business plan, the middle three stories of office space—roughly 25,000 square feet—might be substituted with workforce housing apartments. Still, the applicant wants to keep the office space on the top floor regardless.

 

Source:  SFBJ

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Former Miami Beach Mayor Sells Wynwood Complex For $24M

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Miami Beach’s former mayor Philip Levine has cashed in on a Wynwood complex known as the Whale & Star Building.

An entity managed by Levine sold three warehouses for $24 million. Combined, the buildings at 2215 Northwest First Place total 27,400, according to a press release. The deal breaks down to $623 dollars per square foot.

The buyer is a Delaware LLC named Whale & Star Wynwood Owner.

Laura Valente with Global Luxury Realty and Alyssa Morgan with the Inside Network represented the buyer. Tony Arellano and Devlin Marinoff with DWTN Realty Advisors and Miami-based attorney Charles Ratner represented Levine.

The full-block property was listed for $29 million.

The existing complex can be repurposed into retail storefronts with glass walls. However, some of the site is primed for redevelopment, according to a listing. A developer could tear down the southern portion of the complex and replace it with a hotel with 265 rooms to 388 rooms or an apartment building with 132 units to 194 units. The zoning also allows for an eight-story office building, the offering states.

 

Source:  The Real Deal

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RH Proposes $150M Project To Replace Nikki Beach Club

nikki beach club_photo courtesy of nikki beach club 1170x435

Furniture retailer RH, formerly known as Restoration Hardware, has proposed a development that’s set to cost at least $150 million to replace the famed Nikki Beach day club in Miami Beach.

The property, at 1 Ocean Drive in South Beach’s ritzy South of Fifth neighborhood, covers 4.1 acres. Married couple Lucia and Jack Penrod have leased the two-story building on the oceanfront site from the City of Miami Beach since the 1980s, first operating it as a club called Penrod and since 1998 as Nikki Beach, which has become an international brand.

But in recent months, Nikki Beach owners and Miami Beach officials have been feuding. Some objections stem from noise complaints coming from the day club. More broadly, the municipal government is trying to rein in Miami Beach’s party image.

Earlier this year, the city’s commission awarded the 30-year lease to Boucher Brothers, a company that has a contract with Miami Beach to provide beach concessions, and to hospitality powerhouse Major Food Group, the operator of celebrity hotspot Carbone. The deal would begin in 2026 when the Penrods’ deal expires.

In response, Nikki Beach owners sued the city, accusing it of executing a “backroom deal.” The suit prompted officials to open up the bidding process, and three other groups — AkermanTao Group Hospitality, and RH — submitted proposals, which officials will hear privately. The Penrods missed the deadline to put forth an offer by 15 minutes.

So far, only RH has made its plan public through a press release. Under the proposal, the California-based furniture retailer would construct two low-rise buildings whose footprints would cover 0.6 acres; create a 17,000-square-foot public sculpture garden; and replace the 77,000-square-foot surface parking lot with a 94,000-square-foot subterranean parking structure.

RH estimates the development will cost between $150 million to $170 million. The company is seeking a 30-year lease term with a starting base rent of $7 million, increasing at a minimum of 3 percent annually, resulting in an average base rent of $11 million, equating to $333 million over the term of the agreement.

Source:  Commercial Observer

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