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.
Terra, one of South Florida’s most active residential and commercial real estate development firms, in partnership with RG Development Group, GV Development and LORE Development, has secured a $507 million construction loan from TYKO Capital for the development of 1250 West Avenue, a new luxury waterfront condominium planned along Biscayne Bay in Miami Beach.
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.
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.
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.
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.
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.
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.
Proper Hotels has revealed a first look at their $100 million renovation of the iconic oceanfront hotel, The Shelborne, on Miami Beach’s iconic Collins Avenue. The Shelborne by Proper is set to open in May, welcoming guests once again to the historic Miami Beach landmark.
The City of Miami Beach, in partnership with developers Terra, led by David Martin, and GFO Investments, led by Russell Galbut, have broken ground on the colorful pedestrian bridge that will soon welcome millions of visitors who enter Miami Beach along 5 Street.
Black Lion Investment Group, led by Robert Rivani, has sold one of their trophy assets in Miami Beach’s highly sought after South of Fifth neighborhood for $28.2 million to Texas-based investor River Oaks Properties, led by its President Adam Frank.
South Beach has officially added a new gem to its culinary crown. Big Hug Hospitality, the Toronto-based team behind some of Canada’s most celebrated dining establishments, has opened MIMI Chinese, marking their first international venture. Renowned for its thoughtful exploration of regional Chinese cuisine, MIMI Chinese has already made waves in Toronto’s dining scene, earning Michelin recognition and a devoted following. The Miami Beach location brings the same innovative and hospitality-driven experience to one of the country’s most vibrant culinary cities.
Ennismore, the fast-growing lifestyle and leisure hospitality company, and Cain International (‘Cain’), have revealed the first look of Delano Miami Beach to mark the countdown to its reopening in late 2025 after a complete renovation. This first look at the revisited Delano Miami Beach comes as the partnership recently celebrated the opening of Delano Dubai.
Regus, a global leader in flexible office spaces, has secured a long-term lease for the entirety of 429 Lenox, a 45,789-square-foot Class A boutique office building in Miami Beach’s South of Fifth neighborhood. This marks Regus’ largest footprint in the area, reflecting the growing demand for coworking spaces in South Florida.
Miami Beach’s vibrant dining scene is getting a fresh addition with the opening of KISS, a chic cocktail and tapas bar from the team behind the celebrated Japanese restaurant Kissaki. Officially opened last week in South of Fifth, the venue combines innovative cocktails with globally inspired small plates, offering a unique experience that bridges creative mixology and culinary artistry.
43 Star Island, previously owned by Rosie O'Donnell, has just been listed for $54 million by Compass agent Liz Hogan. Set on over an acre of land overlooking 203 ft of prime waterfront, the 11,104 sq ft. private tropical oasis is currently the only home for sale on the island.
Founded by Gianluca Vacchi and his partners Chris Paciello, Michael Stern, and Rafi Gibly, Sunset Padel is Miami Beach’s first members-only indoor padel club, set to redefine the city’s padel landscape for sports aficionados.
PROFILEmiami brings an exclusive look inside Renzo Rosso’s home away from home—Pelican Hotel's exclusive Penthouse One, also known as the Owner’s Suite. As the founder of Diesel and President of OTB Group, Renzo Rosso is no stranger to transforming the ordinary into extraordinary.
Miami Beach’s highest penthouses have hit the market for the first time, crowning Five Park, the tallest building in Miami Beach. The residences are listed at $20 and $19 million and are designed by New York design studio Meyer Davis, known for clients like Four Seasons and Auberge Resorts Collection.
New York-based high-end Italian restaurant Sant Ambroeus is gearing up to open its first Miami location at THE FIFTH MIAMI BEACH in late 2025. The restaurant, known for its contemporary take on Milanese cuisine, will occupy over 7,000 SF in the Class A+ office building in the South of Fifth neighborhood.
Renowned chef Michelle Bernstein and acclaimed restaurateur Jeffrey Chodorow are set to open their first-ever private restaurant at Five Park Miami Beach. The intimate food and beverage concept will be exclusively available to the residents of the landmark tower which is being developed by David Martin (Terra) and Russell Galbut (GFO Investments).
Witkoff has revealed ‘Beach House at The Shore Club Private Collection’, a one-of-a-kind oceanfront Robert A.M. Stern-designed home within The Shore Club Private Collection five star resort. The $37.5 million Beach House spans 8,237 SF spread over 4 bedrooms, 4 bathrooms, 3 powder rooms and staff quarters.
Terra, led by David Martin, and GFO Investments, led by Russell Galbut, topped out construction for Five Park Miami Beach, the only high-rise residential condominium delivered in South Beach this year. A visual beacon marking the entryway into Miami Beach, the development pairs a landmark residential tower with the adjacent three-acre Canopy Park and art-inspired Canopy Bridge.
320 S. Hibiscus Drive on the guard-gated enclave of Hibiscus Island in Miami Beach has hit the market for $37.5 million, listed with The Jills Zeder Group. The home includes seven bedrooms and seven-and-one-half bathrooms spread over 7,818 square-feet of living space with 90 feet of prime waterfront along azure Biscayne Bay.
Anatomy, one of Miami’s premier health and wellness brand, is excited to announce the late 2023 opening of its brand-new flagship Miami Beach location at 1212 Lincoln Road. Building on the overwhelming reception to Anatomy’s original location at 1220 20th Street, the brand will be making an exciting transition to an extraordinary one-of-a-kind space, just a few blocks South.
Last Wednesday, 9/27, in a monumental decision that signals a thrilling, better future for Miami Beach and its residents, the local government named Boucher Brothers and Major Food Group the new stewards of one of the most stunning and historic beachfront properties on the globe, 1 Ocean Drive. Their vision for the address, designed by Kobi Karp, will come to life in 2026 at the site that has been operated as Nikki Beach since 1985.
Construction is nearing completion at Thompson Hotel South Beach which is being developed by Finvarb Group, led by Ronny Finvarb, and Chahine Investment Corp. Glass has been installed at the architectural masterpiece by world-renowned French architect Rudy Ricciotti, its iconic wave design is already making a statement in Miami Beach. The Thompson Hotel South Beach is set to transform the nexus of Washington Ave. and 17th St.
The first estate built on Star Island in 1924 has sold for $57 million following an ultra-luxe mega-expansion. The transaction is one of the highest prices paid for a modern home in Miami-Dade. The seller was represented by Dina Goldentayer with Douglas Elliman, while the undisclosed buyer was represented by Chad Carroll with The Carroll Group at Compass.
Music mogul and rap superstar Rick Ross has officially closed on 37 Star Island Drive for $35 million. Ross says the purchase was "a major piece to the puzzle" in building his already robust real estate portfolio. 37 Star Island Drive is a 12,374 square foot, 6 bedroom home situated on a manicured 40,000-square foot lot with 100-feet of waterfront on Miami Beach’s exclusive and ritzy Star Island.
Terra, one of South Florida’s most active residential and commercial real estate development firms, in partnership with RG Development Group, GV Development and LORE Development, has secured a $507 million construction loan from TYKO Capital for the development of 1250 West Avenue, a new luxury waterfront condominium planned along Biscayne Bay in Miami Beach.