Miami Beach board backs Nahla's $1B Raleigh revamp
The recommendation clears one hurdle for a condo-hotel that would add height and floor area to a Collins Avenue landmark closed since 2017.
Miami Beach’s Planning Board voted 5-1 on Tuesday to recommend approval of the comprehensive plan and code amendments Nahla Capital needs to redevelop the Raleigh, the shuttered oceanfront hotel at 1775, 1757 and 1751 Collins Avenue. The New York developer, which bought the assemblage for $270 million in October 2025, is planning a roughly $1 billion Rosewood-branded condo-hotel with a private members’ club on a property that has sat closed since 2017.
Why it matters. The vote is an early but meaningful signal for one of the most closely watched development sites in Miami Beach, a market where preservation politics routinely reshape or stall luxury projects. The amendments would lift the site’s floor area ratio from 2.0 to 2.5, adding more than 66,000 square feet through two additional residential floors and bringing the project to just over 332,000 square feet.
The numbers. As proposed, the tower would rise to 200 feet — roughly 17 stories — with 52 condominiums and fewer than 80 hotel rooms, down from a previously approved 84 units and 86 keys. Nahla says it has spent about $5 million advancing the plan in recent months. Co-founder Genghis Hadi pressed the board on the stakes: “We’re not asking you to make a private investment decision, that is absolutely not the case,” he said.
What’s next. The recommendation heads to the Miami Beach City Commission and the city’s Historic Preservation Board, either of which could add conditions or send the design back. One board member, Scott Needleman, dissented over the added height. For a landmark that has changed hands and plans repeatedly, entitlement approval — not financing — remains the gating question before restoration work can begin.