What You Should Know About Buying or Selling A Home in Winter — Urban Resource
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The iconic Raleigh in Miami Beach is having a renaissance at the hands of famed developer Michael Shvo and award-winning architect Peter Marino.
Always a visionary, Mr. Shvo has undertaken a full restoration of the famed 60-suite boutique hotel and private member’s club, adding a modern 17-story residential tower at 1775 Collins Avenue on Miami Beach. In order to bring this vision to fruition, Shvo has tapped Peter Marino to oversee the design of the tower with the highest of expectations.
“There is only one architect in the world that I would entrust to restore The Raleigh to its original splendor, and that is Peter Marino,” Michael Shvo told Robb Report. “Drawing from his work with the world’s most glamorous fashion houses, such as Chanel, Dior, and Louis Vuitton, to name a few—and taking inspiration from The Raleigh’s original art deco design and its storied history, Peter Marino has created a unique aesthetic that will be felt in every element of the three-acre estate across the residences, hotel, and beach club.”
While the finished project will no doubt capture the epitome of elegance and luxury, details are purposefully quiet. Specific prices of Rosewood Residences at The Raleigh are being kept private and detailed presentations are offered by invitation only.
This lack of specifics is a testament to the desire for privacy that modern buyers of super-luxury real estate have. In addition to the desire for privacy, there is simply no need to overshare every detail of a new project with the recent onslaught of the global elite in Miami Beach.
With that being said, small details here and there are being released. The Robb Report was able to obtain a preview of the interiors of The Raleigh this week.
Within the preview, it was said that the tower will include 40 waterfront homes and eight elegant penthouses. Layouts of the new residences will range from two- to five- bedroom layouts and the penthouses will encompass 4,574 square feet up to 13,218 square feet. The penthouse floor plans will offer four- to seven- bedroom plans.
In December of 2023, Bloomberg reported that the 13,000 square foot penthouse would set a new record as the most expensive in Miami Beach history. It is reported to be priced “over $150 million.”
When completed in 2026, the ultra-exclusive project will be managed by Rosewood Hotels. Owners will enjoy 215 linear feet of private oceanfront that Shvo is calling the “Billionaire’s Beach.”
Outside of their homes, owners of Raleigh’s Rosewood Residences will enjoy exclusive amenities that include Marino-designed lobbies, four swimming pools, and a private club and famed Italian restaurant Langosteria. This will be the first U.S. location for the hospitality group, which will also offer in-residence dining as well as beachside cabana service. The double-height wellness center will also feature a 4,000-square-foot spa.
Raleigh’s Rosewood Residences is meant to bring South Beach’s glamorous history from the Art Deco era into the new glory days as the Billionaire’s Beach. This is a wonderful time for South Beach and Michael Shvo is creating a true showpiece that embodies the past, the present and ushers us into the future.
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