Plans are underway for an iconic Miami Beach hotel and bar to be replaced with a high-end restaurant and affordable housing units
FILE - The Clevelander Hotel and Bar is shown at dusk along Ocean Drive, Friday, Sept. 24, 2021, in Miami Beach, Fla. The iconic Miami Beach hotel and bar will soon be replaced with a high-end restaurant and affordable housing units, the building's owner announced, Thursday, Sept. 7, 2023.
The plan is allowed under Florida's Live Local Act, which is designed to incentivize affordable housing, said Anthony O'Brien, the group's senior managing director. Rent has skyrocketed in the last several years along Miami Beach and across much of Florida. “Since purchasing the Clevelander Hotel and Bar a few years ago, we have been proud to operate this legendary and iconic establishment in South Beach. Although we are happy to continue operating as we have, some have expressed a desire that we change our business model at the property,” O'Brien said in the statement.
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