The Real Deal Miami

Check out new renderings of Fasano Residences + Hotel Miami Beach

Property will open as 67-unit condo and 85-room hotel in 2018

May 27, 2016 03:05PM
By Katherine Kallergis

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The developer of the Fasano Residences + Hotel Miami Beach unveiled a new look to The Real Deal of the iconic Miami Beach property.

HFZ Capital Group is the developer behind the new 85-room hotel and 67-unit luxury condo project. The New York-based firm brought on Sao Paulo, Brazil-based Fasano to run the hotel, a big downsize from its 300-plus rooms open now.

The Shore Club, currently operated by Morgans Hotel Group, will close by the fall to undergo construction and reopen in 2018 as a Fasano. Brazilian architect Isay Weinfeld is designing the project at 1901 Collins Avenue.

Fasano’s portfolio includes 15 restaurants and four hotels and plans for four more hotels in Brazil and the U.S.

HFZ Capital Group acquired the Shore Club for $175.3 million in December 2013. The investor and developer will preserve the property’s central tower, the Shore Club’s original 22-story structure. The north tower will be converted to an eight-story structure, while the south tower will retain most of the property’s historic details, including the main hotel lobby.

The property’s new pool will span more than 9,500 square feet and be 250 feet long. The pool deck will also include two-story poolside and beach houses. Units will range from 800 square feet to more than 4,000 square feet, and include floor-to-ceiling windows and terraces, some of which will exceed 3,000 square feet. Douglas Elliman is handling sales and marketing.

Earlier this month, the Miami Beach Historic Preservation Board signed off on the partial demolition of the hotel’s interior.