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Rivani’s $50M Miami Beach Expansion

Rivani’s $50M Miami Beach Expansion

Published 1 month, 2 weeks ago
Description

Miami Beach is set to approve a $50 million expansion of The Rivani, a city-owned property, with a century-long lease extension pending voter approval. Owner Robert Rivani is offering a steep rent hike starting in 2033, plus over $1 million for public projects including Lincoln Road upgrades and a human trafficking tip line. The plan includes 36,000 sq ft of office space, rooftop padel courts, and a restaurant — but at a cost: demolition of a parking garage level, eliminating 250 spots. Championed by a commissioner with a personal connection to Rivani (though he claims no role in negotiations), the project also aims to lure Playboy’s 250 employees from LA, with potential city incentives of $800K. Rivani must secure a master permit by July 2031 or risk losing the lease — and face penalties if construction delays.

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