A six-story hotel with 48 rooms is set to replace one built in the 1930s after the Miami Beach Design Review Board gave the project the green light.
Miami-based FPM Investment’s project was unanimously approved Thursday, after the developer tweaked the planned low-rise’s exterior. The board deferred voting on the hotel in October to give FPM’s team time to make the changes, according to city documents.
“At the last meeting, there was a lengthy discussion about the building’s rhythm, the perforation along the facade and the overall lightness,” FPM’s land use attorney Vanessa Madrid said at Thursday’s hearing. “We were using a lot of metal. We came back with stucco in a lighter color. We continued the perforations, but in a way that preserves the ability to let the light flow through” the facade.
FPM, led by managing partners Florencia Montecciarini and Lee Marrero, bought the 1939-built M Hotel, a two-story building with 11 rooms at 6945 Abbot Avenue in the city’s North Beach neighborhood, for $4 million in 2024, records show.
The new hotel would span 21,800 square feet with ground-floor retail and a paseo. The rooms would range from 300 to 347 square feet, a letter of intent filed with the city states. Amenities include a rooftop pool and outdoor gym.
The hotel would mark FPM’s third planned project in South Florida. The firm’s pipeline also includes a 196-unit multifamily project in Miami’s Wynwood Norte neighborhood and a 21-unit boutique condo in Hollywood, according to FPM’s website.
FPM joins a stable of developers reshaping North Beach since the city adopted a new town center zoning district in 2018 to encourage denser, pedestrian-friendly projects. For instance, Lefferts last year completed 72 Park, a 22-story, 266-unit condo tower at 580 72nd Street. The high-rise is one of three condominiums Lefferts is planning in North Beach.
David Martin’s Miami-based Terra is pursuing redevelopment of the former Deauville Beach Resort at 6701 Collins Avenue into a luxury hotel and condo complex. And Wikoff is partnering with Ocean Terrace Holdings, led by Alex Blavatnik and Sandor Scher, to develop a massive project that entails a 52-unit condominium, 24 condo-hotel units, a 42-key luxury hotel in a historic building and a private members’ club.