Developer Michael Shvo is now moving forward with plans for a development site that includes the historic Raleigh Hotel in Miami Beach after voluntarily dismissing two legal challenges at the neighboring Shelborne Hotel.
Shvo plans to restore the Raleigh and the adjoining South Seas and Richmond Hotels and to build a new 175-foot luxury residential tower on the 1700 block of Collins Avenue. The Shelborne is located on 1801 Collins Avenue, the property just north of Raleigh. Throughout the approval process, Shelborne director Mitchell Cohen protested the effects of possible shadows on his hotel from the new tower.
“Michael Shvo and I have settled our differences and will work together to make Collins Avenue and 18th Street shining examples of what working together between two neighbors can achieve,” Cohen said in a statement to RE: MiamiBeach.
Shvo, Chairman and CEO of SHVO, and his partners bought The Raleigh for $ 103 million from Tommy Hilfiger in February 2019. When the city commission approved a text change that allowed buildings up to 60 meters on the site, it completed the purchase of the adjacent Richmond and South Seas for a combined US $ 140 million in August 2019 to create a unified development site and a new one behind it Build Tower Richmond and South Pacific. All buildings were designed by L. Murray Dixon in 1940-41.
The Circuit Court case for the revocation of a deviation permit from the Historic Preservation Board (HPB) – due to a minor setback for the driveway to an expanded underground structure – was voluntarily dismissed in March. Now this week an appeal by the special master to revoke the HPB’s issuance of an adequacy certificate was voluntarily rejected.
Rendering: Kobi Karp Architecture + Interior Design