SHVO wins approval for development of Raleigh Masterplan in Miami Beach

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Developer Michael Shvo has won approval from the Historic Preservation Board (HPB) of the City of Miami Beach to move forward with the three-acre master plan development of The Raleigh Hotel, together with the South Seas and the Richmond, on Collins Ave. and 18th St. in Miami Beach.

The board approved The Raleigh Master Plan to fully restore the three properties and to unify them as one site in order to operate them as a luxury hotel and condominium building, as presented by developer Michael Shvo, chairman and CEO of SHVO, and his partners. The approved plan includes construction of a new 175-foot oceanfront residential tower behind the Richmond and South Seas.

The plans, which were submitted to the board in April, will restore The Raleigh Hotel and its iconic pool, and the historic frontage of the Richmond and South Seas Hotels to their original 1941 grandeur, conceived by legendary architect L. Murray Dixon.

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