SHVO, the ultra-luxury real estate development and investment firm led by Michael Shvo, has secured $190 million in new financing for The Raleigh Hotel & Residences, Miami Beach, a significant milestone in the next chapter of the iconic art-deco storied property. The loan, provided by BH3 Debt Opportunity Fund II, L.P. led by BH3 Management through its opportunistic credit platform, closed earlier this week. Construction is well underway and the property is on-track to open in 2026.
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PROFILE Exclusive: Inside The Mind Of Kobi Karp, Designing For The Future By Remembering South Florida's Culturally Rich Past
Kobi Karp’s restoration design techniques have contributed to a renaissance in one of the United States’ most iconic neighborhoods, Miami Beach’s Art Deco District, which is internationally recognized around the world for its culture, lifestyle and architecture. Kobi has designed everything from large-scale, high-rise condominium and hospitality projects to intimate, small-scale low-rise residential and commercial structures.
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SHVO Wins Approval To Move Forward With The Development of The Raleigh Hotel Masterplan In South Beach
Real estate owner and developer Michael Shvo, chairman and CEO of the NYC-based real estate investment and development firm SHVO, has won approval from the Historic Preservation Board (HPB) of the City of Miami Beach to move forward with the three-acre master plan development of The Raleigh Hotel.
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