arts
Nahla’s $1B Raleigh Miami Beach expansion proposal secures blessing from board despite height concerns
By Katherine Kallergis at The Real Deal
· July 7, 2026
· 1 min read
Nahla Capital moved one step closer to securing approval for tweaks that will allow the developer to increase the size of the proposed Raleigh Miami Beach, a Rosewood-branded luxury condo and hotel project that’s been in the works for years. Nahla acquired the 3-acre oceanfront assemblage at 1775, 1
Key takeaway Nahla acquired the 3-acre oceanfront assemblage at 1775, 1757 and 1751 Collins Avenue in October for $270 million, taking over from developer Michael Shvo and his partners.
Why this matters in The Miami
The Raleigh Miami Beach project's potential expansion raises questions about the impact of large-scale development on Miami Beach's character. As the city continues to attract luxury projects, residents and visitors alike will be watching to see how these developments balance growth with the area's unique cultural and environmental identity. The project's location in a high-risk flood zone also underscores the need for careful consideration of sea-level rise and flooding risks in the design and construction process. Miami Beach's history of vibrant arts and culture scenes, from the Art Deco District to the Wynwood arts neighborhood just across the causeway, will also be a factor in how this project is received by the community. As the proposal moves forward, the city will need to weigh the benefits of new investment against the potential costs to the area's charm and resilience.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: July 7, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Nahla Capital moved one step closer to securing approval for tweaks that will allow the developer to increase the size of the proposed Raleigh Miami Beach, a Rosewood-branded luxury condo and hotel project that’s been in the works for years. Nahla acquired the 3-acre oceanfront assemblage at 1775, 1
When was this published? This article was first published on July 7, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Katherine Kallergis at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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