The Miami Beach Historic Board unanimously approved the building of two, two-story additions to the Raleigh Hotel last week.
Initially the Raleigh had proposed two five story additions, which the board rejected because it would block views from the beachwalk to the hotel will be all but eliminated by the structures.
The Raleigh was sold to a partnership between New York-based developer David Edelstein and hotelier Sam Nazarian. Edelstein owns the nearby W South Beach, while Nazarian owns the recently opened SLS South Beach.
Of the acquisition, Nazarian, in a statement, said: “David and I share a deep passion for South Beach, and ensuring a celebrated jewel like The Raleigh is preserved in a manner fitting of its great legacy is a mission we are both supremely committed to. South Beach is one of the world’s premier hospitality destinations, and The Raleigh provides the perfect complement to the community and to the experiences offered at SLS Hotel and W South Beach.”
Nazarian’s SBE Hotel Group assumed full operational control of the property in December of last year. Renovations began in April of this year and will last until November. Part of those renovations was a brand new restaurant that opened in April called Restaurant Michael Schwartz by celebrity Chef Michael Schwartz.
They have hired architectural firm Arquitectonica to design the addition as well as the existing property.
According to online blog, exmiami.org, the new owners said that they needed more revenue to justify their cost in purchasing and renovating the hotel.