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Raleigh Miami Beach Expansion Moves Forward | Real Estate News
Nahla Capital is pushing forward with a major expansion of the Raleigh Miami Beach project, acquiring the property for $270 million and seeking to add 66,000 square feet by topping out the residential tower with two extra floors. The planning board recommended approval — though one member voted no — while the hotel’s history as a five-time owner in 15 years and its closure since 2017 adds context. The new plan reduces hotel rooms but increases condos and includes a private members’ club. Critics, including the Shelborne hotel reps, argue the height clashes with the neighborhood and question…
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