{"id":263341,"date":"2026-05-08T11:52:12","date_gmt":"2026-05-08T11:52:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/263341\/"},"modified":"2026-05-08T11:52:12","modified_gmt":"2026-05-08T11:52:12","slug":"miami-beach-planning-board-advances-50-million-office-expansion-for-the-rivani-at-1691-michigan-avenue","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/263341\/","title":{"rendered":"Miami Beach Planning Board Advances $50 Million Office Expansion For The Rivani At 1691 Michigan Avenue"},"content":{"rendered":"<p>The Miami Beach Planning Board has recommended approval of Robert Rivani\u2019s $50 million proposal to expand The Rivani, a six-story commercial office building at 1691 Michigan Avenue in South Beach. The proposal would add 36,000 square feet of office space while reducing parking within the property\u2019s seven-story garage.<\/p>\n<p>According to <a href=\"https:\/\/therealdeal.com\/miami\/2026\/05\/07\/rivanis-south-beach-office-expansion-proposal-advances\/\" rel=\"nofollow noopener\" target=\"_blank\">The Real Deal<\/a>, Rivani is seeking to extend his ground lease at the city-owned site by 40 years to 2132. The proposal would eliminate 250 parking spaces, primarily from the garage\u2019s rooftop and sixth level, to make room for the additional office space.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-39816\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/3-3-1.jpg\" alt=\"\" width=\"1500\" height=\"675\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Rivani.<\/p>\n<p>The expansion would also include three rooftop padel courts and a roughly 6,000-square-foot restaurant. The garage currently contains 712 parking spaces and includes 100 spaces designated for public use during business days, which would be preserved under the proposal. The full garage is open to the public outside of work hours. According to filings, the project would still exceed parking requirements by 37 spaces.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-39819\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/2024-04-09-West-Elevation-e1713294752855-copy.jpg\" alt=\"\" width=\"1500\" height=\"721\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Rivani.<\/p>\n<p>The Planning Board voted Tuesday to recommend approval of the item to city commissioners. If approved by the commission, the proposed lease extension would go before Miami Beach voters in a November referendum.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-39818\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/5-1-3-1.jpg\" alt=\"\" width=\"1500\" height=\"675\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Rivani.<\/p>\n<p>Rivani, who relocated his firm from Los Angeles to Miami in 2022, acquired the building and ground lease for $62.5 million in 2024. His firm is based in the building, which is branded as The Rivani.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-39817\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/4-2-1.jpg\" alt=\"\" width=\"1500\" height=\"675\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Rivani.<\/p>\n<p>Under the proposal, the base monthly rent paid to the city would increase to $500,000 a year after the project is completed, up from the current $390,000. The city\u2019s percentage share of gross income from the property would also increase to 3 percent from the current 2.5 percent. The base rent is subject to periodic adjustments.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-39814\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/05\/1-3-3.jpg\" alt=\"\" width=\"1500\" height=\"675\"  \/><\/p>\n<p class=\"wp-caption-text\">Credit: Rivani.<\/p>\n<p>Rivani also plans a $1 million public benefits contribution, including funding toward the Lincoln Road streetscape and 17th Street master plan.<\/p>\n<p>The firm previously invested $50 million into the first phase of the property, which focused on renovating the existing office building. Tenants signed at the building include Daymond John, a \u201cShark Tank\u201d investor and co-host; Playboy, which is moving its headquarters from Los Angeles; and Monarch Athletic Club, a gym and wellness club. Rivani and The h.wood Group also plan a speakeasy on the third-floor amenity level.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Ffloridayimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The Miami Beach Planning Board has recommended approval of Robert Rivani\u2019s $50 million proposal to expand The Rivani,&hellip;\n","protected":false},"author":2,"featured_media":263342,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-263341","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/263341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=263341"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/263341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/263342"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=263341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=263341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=263341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}