Developer Michael Shvo can now move forward with his plans for a development site that includes the historic Raleigh Hotel in Miami Beach after two legal challenges by the neighboring Shelborne Hotel were voluntarily dismissed.
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. The Shelborne is located at 1801 Collins Avenue, the property directly to the north of the Raleigh. Throughout the approval process, Shelborne principal Mitchell Cohen objected to the impact of potential shadows from the new tower on his hotel.
“Michael Shvo and I have settled our differences and will be working together to make Collins Avenue and 18th Street a shining example of what collaboration between two neighbors can accomplish,” Cohen said in a statement to RE:MiamiBeach.
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.
The Circuit Court case to quash a variance approval from the Historic Preservation Board (HPB) – for a smaller setback for the driveway to an expanded subterranean structure – was voluntarily dismissed in March. Now, a Special Master appeal to overturn the HPB’s granting of a Certificate of Appropriateness, was also voluntarily dismissed this week.
Rendering: Kobi Karp Architecture + Interior Design
After Legal Challenges Dismissed, Michael Shvo Can Move Forward with Raleigh Hotel Project:
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