Nahla’s $1B Raleigh Miami Beach expansion proposal secures blessing from board despite height concerns
Nahla Capital moved one step closer to securing approval for tweaks that will allow the developer to increase the size of the proposed Raleigh Miami Beach, a Rosewood-branded luxury condo and hotel project that’s been in the works for years. Nahla acquired the 3-acre oceanfront assemblage at 1775, 1757 and 1751 Collins Avenue in October for $270 million, taking over from developer Michael Shvo and his partners. At a Miami Beach Planning Board meeting on Tuesday, the board voted 5 to 1 to recommend approval of comprehensive plan and code amendments that will allow the developer to increase the floor […]This article originally appeared on The Real Deal. Click here to read the full story.
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