Rivani’s $50M South Beach office building expansion inches closer to referendum
Robert Rivani’s $50 million plan to add more office space to his South Beach building while reducing garage parking is advancing. Rivani leads his eponymously named firm that’s based at the six-story building, which is called The Rivani. He wants to extend his ground lease at 1691 Michigan Avenue by 40 years to 2132, and eliminate 250 parking spaces primarily on the seven-story garage’s rooftop and sixth level to make room for the additional office space, according to Rivani’s filings to the city. Aside from adding 36,000 square feet of office space, the $50 million expansion project also would include […]This article originally appeared on The Real Deal. Click here to read the full story.
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