The Real Deal Miami

Ronny Finvarb scores approval for Miami Beach hotel near convention center

Developer plans to break ground in Q2 2019
By Katherine Kallergis | September 21, 2018 11:30AM

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.