Ronny Finvarb scores approval for Miami Beach hotel near convention center

Developer plans to break ground in Q2 2019

TRD MIAMI /
Sep.September 21, 2018 11:30 AM

Rendering of Finvarb Group’s proposed hotel at 1685 Washington Avenue and Ronny Finvarb

Miami Beach developer Ronny Finvarb secured the final approval for a Thompson Hotels-branded hotel near the Miami Beach Convention Center.

Finvarb Group returned to the Miami Beach Historic Preservation Board on Monday for a vote on the Symphony Park hotel at 1685 Washington Avenue. After delaying approval in June amid concerns over the size and style of the building and how it relates to the neighborhood, the board green-lit plans for the eight-story, 150-room building.

Finvarb said he plans to break ground in the second quarter of next year. His company paid $19.2 million for the site, which is home to a Citibank branch, about a year ago.

The new Thompson Hotel, a boutique luxury hotel brand with locations in Chicago, New York, Seattle, Nashville, Toronto and Mexico, will mark a return to Miami Beach for Thompson. The company previously had the Thompson Miami Beach hotel at 4041 Collins Avenue, which it sold to Hyatt for $229.4 million in 2016.

Finvarb’s development will be designed by French architect Rudy Ricciotti and includes two restaurants and 122 parking spaces. It’s adjacent to the Frank Gehry-designed New World Center and the newly renovated and expanded Miami Beach Convention Center.

In November, Miami Beach residents will vote on a proposal that would allow a team led by developers Jackie Soffer and David Martin to build a new convention center hotel. 


Related Articles

arrow_forward_ios
34 Star Island Drive with Albert Justo, Stacy Robins and Mirce Curkoski (Redfin)

Former Star Island residents return, buy $12M waterfront home

Former Star Island residents return, buy $12M waterfront home
1510 West 25th Street, Valerio Morabito (inset) and Gianluca Vacchi (Getty, Douglas Elliman)

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion
WeWork Lenox Avenue, WeWork Lincoln Road and CEO Sandeep Mathrani (Lenox location by Katherine Kallergis, WeWork, iStock)

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave
Clifford Asness and 321 Ocean (Getty, Douglas Elliman)

Billionaire hedge funder sells South Beach PH at a loss

Billionaire hedge funder sells South Beach PH at a loss
Faena Hotel Miami Beach and Eau Palm Beach (Faena, Eau Palm Beach)

Faena Hotel, Eau Palm Beach Resort among latest to lay off hundreds

Faena Hotel, Eau Palm Beach Resort among latest to lay off hundreds
(iStock)

South Florida by the numbers: From the Big Apple to the Magic City

South Florida by the numbers: From the Big Apple to the Magic City
David Martin and a rendering of the project

David Martin’s Miami Beach Marina proposal heads to voters in November

David Martin’s Miami Beach Marina proposal heads to voters in November
6380 north bay road with Richard and Barbara Lane (Urdapilletta Real Estate, A Scott/Patrick McMullan/Getty)

Real estate honcho buys waterfront North Bay Road home for $9M

Real estate honcho buys waterfront North Bay Road home for $9M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...