The Raleigh is the most romantic restoration in Miami Beach — and one of the most ambitious. The 1940 Art Deco landmark at 1775 Collins Avenue, designed by L. Murray Dixon and famous for its curved turquoise pool, its Martini Bar, and guests from Marilyn Monroe to Frank Sinatra, closed after Hurricane Irma damage in 2017. Now SHVO, in partnership with Deutsche Finance America, is restoring the eight-story hotel and adding a 17-story residential tower designed by Peter Marino — the New York architect behind flagships for Chanel, Dior, and Louis Vuitton — with the residences and hotel operated by Rosewood Hotels & Resorts as Rosewood The Raleigh Miami Beach.
The three-acre estate unifies the Raleigh with the adjacent historic Richmond and South Seas hotels into one cohesive property: a 60-room-and-suite Rosewood hotel woven through the restored Art Deco facades, 44 private residences in Marino's new beachfront tower, and an exclusive beach club operated by Milan's acclaimed Langosteria restaurant group. The tower's facade — white columns and black mullions in rhythmic procession — frames 2,176- to 7,810-square-foot homes with 10- to 12-foot ceilings, private terraces, artisan plasters, hand-painted millwork, and noble stones. With over $1 billion invested and the full site building permit secured, completion is on track for 2027, and residences start at $10 million with a penthouse priced over $150 million.
The Raleigh Frequently Asked Questions
❯ What is being restored, and what is new?
The restoration covers the 1940 Raleigh Hotel's most beloved features: the iconic curved Art Deco pool, the Martini Bar, and the Tiger Room — plus the facades of the adjacent Richmond and South Seas hotels, unified into a single three-acre estate. The new construction is Peter Marino's 17-story residential tower on the beachfront, alongside a new Sense, a Rosewood Spa. Over $1 billion is being invested in the transformation.
❯ Who is Peter Marino, and why does his involvement matter?
Peter Marino is the New York architect who has defined modern luxury retail and residential design for four decades — Chanel's Ginza tower, Louis Vuitton flagships, the Getty condominium on the High Line. At The Raleigh he controls both the tower's architecture and its interiors: white-column facades, calm palettes of artisan plaster and noble stone, and detailing meant to read as collectible design rather than developer product.
❯ What will the residences cost?
Residences start at $10 million for three-bedroom homes, with two-bedroom residences from 2,176 square feet. The crown is a roughly 13,000-square-foot full-floor penthouse with roof priced at over $150 million — potentially the most expensive condo ever sold in Miami Beach. Forty-four private homes are planned in the tower (recent construction updates have referenced 40).
❯ What hotel will operate the property?
Rosewood Hotels & Resorts will operate both the restored 60-room hotel and the residences, as Rosewood The Raleigh Miami Beach. The estate includes four signature restaurants, a beachside pool and sunrise lap pool with cabanas, pool and beachside food and beverage service, two private residential lobbies, guest suites for residents' visitors, and a state-of-the-art fitness center.
❯ How does this compare to other historic restorations nearby?
The Raleigh is part of a wave of landmark revivals along this stretch of Collins Avenue — most notably Witkoff's Shore Club restoration one block north, which follows the same playbook of restoring a historic hotel and adding a condo tower. Together with Aman Miami Beach, they're establishing the area as "Billionaire's Beach" — Miami Beach's new ultra-luxury corridor.
❯ When will The Raleigh reopen?
The estate is on track for completion in 2027. Construction has been underway since 2022, and the project was the first major development along this corridor to secure its full site building permit — with excavation and piling advancing through the current construction phase.
Key Facts
- Address: 1775 Collins Avenue (estate spans 1751–1775 Collins Ave), Miami Beach, FL 33139
- Neighborhood: Mid-Beach ("Billionaire's Beach"), Miami Beach
- Developer: SHVO with Deutsche Finance America
- Architect: Peter Marino (tower); Kobi Karp associated; original 1940 hotel by L. Murray Dixon
- Scale: 17-story tower with 44 private residences; 60-room Rosewood hotel across restored Raleigh, Richmond & South Seas facades; 3-acre estate
- Residences: 2,176–7,810 sq ft; 10–12 ft ceilings; private terraces; direct elevator entry
- Pricing: From $10M; penthouse priced over $150M
- Completion: 2027 (under construction since 2022; $1B+ invested)
The 1940 Icon Returns
Few hotels carry the Raleigh's mythology: the pool that Esther Williams made famous, the martini-fueled decades of the Tiger Room, the Sinatra and Monroe lore. The Raleigh's restoration promise is to return those rooms to their glory rather than theme-park them — the curved pool meticulously rebuilt, the Martini Bar revived, the facades restored to their 1940s lines. For buyers of The Raleigh, the pitch is ownership inside a landmark, not just near one.
Peter Marino's Tower
Marino's residential tower is designed to converse with the historic buildings rather than shout over them: white columns, black mullions, and expanses of glass that pull the ocean into every residence. Inside, the material palette — artisan plasters, hand-painted millwork, noble stones — is executed at a level of craft Marino usually reserves for fashion houses. It's the rare new tower whose architect is as much a selling point as its address.
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