What’s In Store for this Miami Beach Icon
The Raleigh Miami Beach: In Transition
The Raleigh Hotel Entrance. Credits: SHVO
Few properties in Miami Beach carry the cultural and architectural weight of The Raleigh Hotel. Since opening in 1940, the Art Deco landmark has been synonymous with the imagery many associate with mid-century Miami. Its iconic pool, in particular, entered the global spotlight when Karl Lagerfeld staged Chanel’s Cruise 2016 runway show on the property
In recent years, however, the Raleigh’s story has been less about nostalgia and more about reinvention.
SHVO’s Vision: Restoring a Landmark
In the late 2010s, New York based developer SHVO acquired The Raleigh as part of a three-acre oceanfront stretch along Collins Avenue that also included the Richmond and South Seas hotels. The acquisition set the stage for an ambitious redevelopment plan. Branded under Rosewood Hotels & Resorts and designed by renowned architect Peter Marino, the vision paired a restored boutique hotel with a new ultra-luxury residential tower - collectively branded as The Raleigh, A Rosewood Hotel & Residences.
The Raleigh Residences Hero Shot. Credits: SHVO
Sales Friction and a Capital Reset
Despite the property’s allure, sales momentum, and subsequently construction progress, failed to materialize. As a result, the project struggled to advance beyond early stages. In October 2025, Nahla Capital submitted a bid for the Raleigh in the range of $270–275 million, a level SHVO was unable to match via their right of first refusal. By that point, the project was under mounting pressure from high-cost debt, rising interest rates, limited construction progress, and significant carrying costs.
The Raleigh was not an isolated outcome for SHVO in Miami Beach. Around the same period, the firm also relinquished control of 1656, 1664, 1676, and 1680 Alton Road, as well as 1677 West Avenue (The Alton) via a deed in-lieu-of foreclosure, at a reported value of $28.25 million. He paid $39.3M for the site in 2022.
The Alton. Credits: SHVO
