A longstanding Art Deco hotel in the heart of South Beach is entering its next chapter. The Tony Hotel South Beach has sold for $16.5 million in an off-market transaction, with its new owners planning a major renovation and continued operation of the Collins Avenue property.

Come Fall 2026, Miami Beach might soon be pilgrimage-worthy for diehard pizza enthusiasts with the opening of Royale Pizza Napoletana, the first Tokyo-style Neapolitan pizza restaurant in South Florida. It will also signal the stateside arrival of none other than iconoclastic Japanese pizzaiolo Chef Bun of the genre-defining Japanese Neapolitan pizza concept, Savoy.

This fall, NOAH Hospitality Group will open UKIYO at 818 Lincoln Road, featuring a custom-designed kaiten belt, Japan's tradition of circulating sushi on a rotating conveyor. UKIYO reimagines the format through exceptional Japanese craftsmanship and live culinary theatre, bringing Tokyo's tradition to Lincoln Road for the first time.

The former site of Al Capone’s longtime Miami Beach estate has traded for $21 million, marking the latest chapter for one of the city’s most historically recognizable residential properties. Located at 93 Palm Avenue on Palm Island, the now-vacant waterfront property features 100 feet of frontage on Biscayne Bay. The site was previously home to the sprawling estate once owned by the notorious Prohibition-era crime boss before the residence was demolished in 2023.

A waterfront estate at 270 S. Hibiscus Drive has sold for $51.5 million, setting new records for both sale price and price per square foot on Miami Beach's guard-gated Hibiscus and Palm Islands. The transaction surpassed the previous record sale of approximately $40 million, despite that property encompassing a larger residence on a larger lot.

Sean "Diddy" Combs has sold one of his two waterfront estates on Miami Beach's prestigious Star Island in an off-market transaction valued at $55 million, according to property records. The sale involves the bayfront residence at 1 Star Island Drive, a property Combs acquired in 2021 for $35 million. Public records show the seller was an entity tied to Combs, while the buyer is JFStar LLC, a Virginia-based company led by John A. Franklin.

The Miami Beach Design Review Board has approved a proposal by Terra, in partnership with RG Development Group and GV Development, for a 106-unit luxury condo tower at 1250 West Avenue in Miami Beach rising 330’.

Poised to redefine the South Beach hospitality scene, UNFRAMED, Autograph Collection opened April 1 at 1685 Washington Ave in Miami Beach. The hotel — characterized by its striking architectural presence, an expansive rooftop pool and signature coastal French rooftop restaurant. 149 stylish guest rooms with balconies and outdoor terraces, and prime location in mid-South Beach — represents the first premium, lifestyle property to open in the last decade on Washington Avenue.

Witkoff Group, in partnership with Ocean Terrace Holdings, a partnership between Alex Blavatnik and Sandor Scher, has revealed new renderings of the Resort Residences at Ocean Terrace. The Resort Residences are located in a separate building from the condo tower and boutique hotel. They offer furniture packages designed by RAMSA and the opportunity to be placed within the hotel program for bookings.

Mast Capital and Starwood celebrated the recent topping off milestone of The Perigon Miami Beach as the first new oceanfront residential tower in this cycle in Miami Beach to reach full height ahead of its anticipated occupancy in 2027.

A newly completed, modern architectural masterpiece known as Forte on Miami Beach’s Venetian Islands has hit the market for $59.9 million. The lavish waterfront home sits on a 13,188 SF lot with 105 feet of deep-water dockage and direct access to Biscayne Bay.

A French hotelier has acquired the Kimpton Angler’s Hotel in Miami Beach for $43.5 million, marking one of the most expensive hotel deals in Miami Beach to close in 2025. The transaction equates to $330,000 per key and was financed with a $23.5 million loan from Interaudi Bank.

MILA Miami – Riviera Dining Group’s (RDG) flagship destination which has come to represent the height of Miami Beach glamor — has been ranked number #1 on Restaurant Business’ Top 100 Independents 2025 as the highest-grossing independent restaurant in the United States.

Flagg Family Capital, in partnership with Carolwood LP, has officially listed its newly rebuilt Mediterranean villa on North Bay Road for $10 million with Jordan Karp LLC, marking one of the most compelling non-waterfront offerings to hit Miami Beach this season.

Robert Rivani, Founder of disruptive real estate firm RIVANI, has acquired a premier waterfront estate on Miami Beach’s exclusive Palm Island for $23 million. The property is set to undergo a multi-million-dollar transformation into one of the island’s most prestigious private residences.

Witkoff Group, in partnership with Ocean Terrace Holdings, a partnership between Alex Blavatnik and Sandor Scher, has officially launched sales for Ocean Terrace, a highly anticipated oceanfront mixed-use development in North Beach, Miami Beach.

Monarch Athletic Club, the physician-led wellness destination redefining health and wellness, will open an 8,000-square-foot, state-of-the-art wellness facility at The RIVANI Miami Beach, real estate mogul Robert Rivani’s flagship Class X office building located at 1691 Michigan Avenue.

Robert Rivani, commercial real estate and hospitality visionary and President of RIVANI (formerly Black Lion), has acquired the storied Lincoln Theatre building at 551 Lincoln for $37 million–a property famously anchored by H&M.

Robert Rivani, the commercial real estate and hospitality visionary known for disrupting traditional asset classes and transforming them into headline-making destinations, announced that Playboy has signed a lease at his flagship project, RIVANI at 1691 Michigan Avenue.

Following extensive below-grade piling, excavation work and construction from OKO Group and Access Industries’, Aman Residences, Miami Beach, will commence vertical construction. With the development’s foundation system now complete, general contractor Suffolk is now progressing skyward with approximately one floor set to be completed every two weeks.

Vertical construction has commenced at Ella Miami Beach, a 10-story boutique condominium in the heart of Miami Beach’s North Beach neighborhood which is now 65% pre-sold. Sheet piling work has been completed, and piling work is in progress, with the project set to begin going vertical.

The long-awaited redevelopment of Miami Beach’s historic Deauville Hotel site has cleared its final hurdle, with the Miami Beach City Commission granting full approval to Terra’s development plans. The decision, made on Friday, June 27, finalizes zoning, land use, building height, and public-benefit commitments, paving the way for a major transformation of the iconic North Beach property.

A prime commercial property in Miami Beach’s Sunset Harbour neighborhood has traded for $28.5 million, signaling continued investment momentum in one of the city’s most desirable enclaves. The 19,672-square-foot Office Depot building, situated on a 25,000-square-foot lot, was acquired by a private investor.

Former Los Angeles Dodgers-star Alex Guerrero has listed his newly built, waterfront North Bay Road estate for $75 million with Lourdes Alatriste of Douglas Elliman. One of the most architecturally ambitious and design-forward homes in Miami Beach — the iconic estate is located at 3100 North Bay Road, located on the prestigious Millionaire’s Row.

The lavish La Gorce Island mega-mansion, known as “OKTO” – marked by 260 feet of jaw-dropping waterfrontage – has sold for $75 million. Located on Miami Beach’s exclusive La Gorce Island gated community, the property went under contract just two weeks after it was listed with Nelson Gonzalez.

One of the largest waterfront parcels in the prestigious estate section on Miami Beach’s North Bay Road just sold for $22,850,000 in a landmark transaction. Located at 5840 North Bay Road in Miami Beach, the vacant waterfront lot offers 150’ of unobstructed bayfront views.

Ronny Finvarb’s Finvarb Group has secured a $19 million construction loan for a 12-unit residential mixed-use project at 1790 Alton Road in Miami Beach. The financing, provided by Amerant Bank, will support a five-story building which will also feature two restaurants on the first two floors.

The Perigon, an ultra-luxury new condo seated on two acres of prime beachfront in Miami Beach, has officially completed the first hydrostatic concrete slab pour for the property, having flowed continuously for approximately 9 hours.

Terra and Turnberry, two of South Florida’s leading real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.