Don Peebles to re-open the Bath Club in Miami Beach

Peebles Corp. is spending up to $7M on the project

Miami /
Nov.November 21, 2019 05:00 PM
Don Peebles and a rendering of the project

Don Peebles and a rendering of the project

UPDATED, Nov. 22, 10:15 a.m.: Developer Don Peebles is planning to relaunch the historic Bath Club as a social membership club, nearly 20 years after first purchasing the Miami Beach property.

Peebles is spending between $5 million and $7 million on renovating the property at 5937 Collins Avenue, he said. It’s expected to open in the first quarter of 2020. The Peebles Corp. is self-financing the project.

The invitation-only membership will include an initiation fee that Peebles declined to disclose, and annual membership in the $15,000 to $20,000 range. About 200 memberships will be available.

The new club will offer experiences like a series of cultural, political, business and lifestyle lectures; personal training, tennis lessons and spa treatments; indoor and outdoor dining; and a car service to shuttle nearby residents to and from the club. Members will have access to a 2,300-square-foot pool, two clay tennis courts, a spa and fitness center, workout classes, cooking classes and kids programming. It will also serve as an event venue, as it has in the past.

“I will play a big role in curating it. It won’t just be real estate developers, but people from all walks of life,” Peebles said.

Antrobus + Ramirez is handling the design, which will include colossal wood antique doors, vintage leather armchairs, Spanish tiled stairs and iron railings.

The Bath Club was once a private members club that catered to former President Herbert Hoover and prominent families such as the Firestones, Maytags and Honeywells.

Peebles purchased the property for about $10 million in 2000, and said he later bought out the club’s membership in 2012, closing it in 2014. The firm redeveloped a portion of the property into 107 condos and six oceanfront villas, which were completed in 2006. The original clubhouse buildings were preserved.

About two years ago, the Coral Gables-based developer planned to sell the 5-acre property, which includes the 15,000-square-foot club, built in 1937, a fitness center, commercial kitchen, cabanas and courtyard. Peebles hired Colliers International South Florida and Engel & Völkers with the expectation that it could sell for more than $25 million.

A legal battle between the Peebles Corp. and the Bath Club’s condo and maintenance associations has gone on for years, with both having sued each other several times between 2007 and 2012. In addition, earlier this year, Peebles entity Bath Club Entertainment sued two unit owners allegedly they teamed up to sabotage Peebles Corp. from successfully managing the club in hopes of buying it at a sharp discount.

Peebles said that litigation involving the condo board members “interfered” with a planned sale of the club. “As a result of that sale not going through, we made a decision to relaunch the club,” he said.

Correction: An earlier version of this story had the wrong opening date. 


Related Articles

arrow_forward_ios
Finvarb's Ronny Finvarb and 1685 Washington Avenue (Finvarb Group, Google Maps, iStock)
Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project
Finvarb JV scores $45M in financing for Miami Beach Thompson Hotel-anchored project
Stephen Ross, Miami Beach Commissioner Kristen Rosen Gonzalez, Miami Beach Mayor Dan Gelber and Frank Gehry with the Deauville Beach Resort (Wikipedia, Getty, Visit Florida, Related, Rosen Gonzalez)
“Terrible precedent:” Commissioner leads fight over Steve Ross’ plan to buy and redevelop the historic Deauville
“Terrible precedent:” Commissioner leads fight over Steve Ross’ plan to buy and redevelop the historic Deauville
BH Properties' Steve Gozini and Vornado's Steven Roth with 1100 Lincoln Road (BH Properties, Getty, Google Maps)
Steve Roth’s Vornado sells Lincoln Road building for $94M, nearly 30 percent less than it paid a decade ago
Steve Roth’s Vornado sells Lincoln Road building for $94M, nearly 30 percent less than it paid a decade ago
The apartment building at 1770 Meridian Avenue, Miami Beach with Victory Investments Group CEO Anil Monga (Google Maps)
Hotel Astor owner buys Miami Beach apartment building
Hotel Astor owner buys Miami Beach apartment building
Leon Patitsas, CEO of Atlas Maritime, and 225 North Hibiscus Drive in Miami Beach (LinkedIn/Leon Patitsas, Redfin)
Shipping tycoon buys flipped waterfront Hibiscus Island teardown for $17.5M
Shipping tycoon buys flipped waterfront Hibiscus Island teardown for $17.5M
The lot where the Champlain Towers South once stood (Getty)
Settlement in Surfside condo collapse now over $1B
Settlement in Surfside condo collapse now over $1B
Sean “P. Diddy” Combs, DJ Khaled, Trippie Redd, Lil Wayne, Rick Ross and Kodak Black (Getty, iStock, Illustration by Shea Monahan for the Real Deal)
South Florida’s rapper resi market is super dope fire
South Florida’s rapper resi market is super dope fire
A photo illustration of the Apogee Residences Miami Beach at 800 South Pointe Drive (Zilbert, iStock)
Closing at Apogee tops Miami-Dade’s weekly condo sales
Closing at Apogee tops Miami-Dade’s weekly condo sales
arrow_forward_ios

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

Loading...