About two years after Argentine investors Jorge Savloff and Marcelo Tenenbaum acquired the Art Deco Berkeley Shore Hotel in South Beach, they will begin renovating the historic property, design and architecture firm Stantec announced on Monday.
When completed, the renovations will cover 45,100 square feet, 96 hotel rooms, a restaurant and the addition of a new 10-story tower with a rooftop garden and pool. The Berkeley Shore, at 1610 Collins Avenue, sold for an undisclosed amount described as “very close” to the asking price of $13.78 million in September 2013.
The hotel was built in 1940 and originally designed by Art Deco architect Albert Anis, according to a press release. It’s on the west side of Collins Avenue, across the street from the Loews Miami Beach and adjacent to the recently completed Hyatt Centric, which was developed by Robert Finvarb.
Stantec, formerly ADD Inc., aims to restore the property to its original status by replicating Art Deco details, using warm neutral colors and incorporating wood and stone. The new structure will be behind the original building. It’s scheduled for completion in the spring of next year.
Savloff and Tenenbaum paid $6.2 million for a Miami Beach apartment building at 1334 Washington Avenue earlier this year. They plan to convert the property into a boutique hotel. The duo also completed Bay Harbor Club, the first of 25 new condo buildings announced for the barrier island town of Bay Harbor Islands, in June. – Katherine Kallergis