SHVO Seeks Investment for $1B Rosewood Raleigh on Miami Beach

Key Points:

• Historic Restoration: The 1940s-era Raleigh Hotel is undergoing a meticulous restoration to preserve its iconic Art Deco features, including the renowned fleur-de-lis-shaped pool.

• Modern Expansion: A new 17-story residential tower, designed by architect Peter Marino, will offer 40 luxury residences, seamlessly integrating with the restored hotel.

• Strategic Partnerships: Developer Michael Shvo has appointed Americaribe Moriarty Joint Venture (AMJV) as the general contractor and enlisted Newmark to lead project recapitalization efforts.

Developer Michael Shvo is making significant strides in the ambitious redevelopment of Miami Beach's historic Raleigh Hotel. This project aims to blend the charm of the original 1940s architecture with modern luxury, creating a premier destination for both residents and visitors. As construction progresses, Shvo is seeking new investment to ensure the project's successful completion.

Inside the Redevelopment Plan:

• Restoring a Landmark: Originally opened in 1940, The Raleigh Hotel is undergoing a meticulous restoration, preserving its iconic Art Deco elements and famous fleur-de-lis-shaped pool.

• New Residential Tower: Designed by renowned architect Peter Marino, the development will include a 17-story luxury residential tower with 40 high-end residences.

• Exclusive Amenities: The project will also introduce the members-only Langosteria Beach Club, offering an elite social and dining experience on the property.

Financial Moves and Market Positioning:

• Recapitalization in Motion: To facilitate the project's progress, Shvo has retained Newmark to market the property to potential investors as an undisclosed partner seeks to exit.

• Massive Investment: Over $1 billion is being invested into the redevelopment, backed by a $190 million land loan and a $525 million construction loan.

• Strong Market Appeal: The project's prime oceanfront location and blend of historic and modern design make it an attractive opportunity for investors in Miami Beach's booming luxury real estate sector.

Looking Ahead:

With Miami Beach's luxury real estate market continuing to attract high-net-worth buyers, The Raleigh's redevelopment represents a significant bet on the area's long-term growth. As Shvo works to secure new investment, the project remains one of the most closely watched developments in South Florida. If successfully executed, it will set a new benchmark for ultra-luxury living in Miami Beach.