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Intervest Seeks to Convert Historic Miami Beach Rental into Hotel

According to a document submitted to the city’s Historic Preservation Board, an Oklahoma-based investor wants to transform a historic apartment building in Miami Beach into a boutique hotel.

The 1926 construction of the 56-unit rental building in the Mediterranean Revival style is located at 337 20th Street, one block south of the Bass Museum. Eight years after investing $11.8 million in the 34,979-square-foot structure, Intervest Properties is requesting permission to convert it into a 76-room hotel.

According to Intervest’s attorney Michael Larkin, who did not immediately respond to Commercial Observer’s request for comment, the proposed plans will maintain a large portion of the three-story building’s exterior and interior, keeping “at least 75% of the front and street wide walls” and “at least 66 percent of the remaining interior side walls.” This complies with the district’s historic redevelopment regulations.

The rooftop will have a deck with a pool and a garden.

The Miami Beach Historic Preservation Board will hear the bid March 14.


Source:  Commercial Observer

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