New liquor stores won't be opening on Lincoln Road if the Miami Beach City Commission follows the Planning Board's recommendation.

The board voted Tuesday, July 7, to approve an ordinance prohibiting new liquor stores along the eight-block pedestrian promenade between Alton Road and Collins Avenue. During the same meeting, board members also approved zoning changes for the Raleigh Hotel site at 1775 Collins Ave., where the property's new owner is seeking to increase the maximum floor area ratio for a planned luxury redevelopment.

Both measures now head to the City Commission for final approval. No hearing date has been scheduled.

Planning Board recommends banning new liquor stores on Lincoln Road

The proposed ban, filed as case PB25-0776, applies to the CD-3 Commercial High Intensity District that covers Lincoln Road. According to the Planning Board agenda, the ordinance is intended to preserve the promenade's distinctive retail character. The agenda does not cite specific applications or incidents that prompted the proposal.

The vote comes as Lincoln Road continues to attract new investment. New tenants, including Uniqlo and Florence sandwich shop All'Antico Vinaio, are among more than 70,000 square feet of retail, dining and entertainment concepts in the pipeline, according to the Lincoln Road Business Improvement District.

"Lincoln Road is experiencing one of the most exciting periods of growth and reinvestment in its recent history," said Lyle Stern, president of the Lincoln Road BID.

The pedestrian district's more than 200 shops and restaurants attract 10.8 million visitors each year, according to the BID. The city is also advancing a $29.4 million infrastructure improvement project along the corridor, with Phase II scheduled for substantial completion in 2026.

Planning Board advances zoning changes for Raleigh Hotel redevelopment

The Planning Board also approved two companion applications for 1775 Collins Ave.: a land development regulation amendment (PB26-0815) and a comprehensive plan amendment (PB26-0816). Both would increase the maximum floor area ratio allowed at the site.

The property is part of a larger assemblage at 1751, 1757 and 1775 Collins Ave. that New York-based Nahla Capital acquired from developer Michael Shvo for $270 million in October 2025, according to the New York Post. The Planning Board agenda identifies the applicant only as "a new property owner."

Shvo and his partners purchased the property for $219 million in 2019 with plans for a $1 billion restoration and condominium conversion, but the project stalled amid slow sales and a looming $190 million mortgage payment.

According to Meridian Advisors, Nahla Capital now plans to restore the historic buildings into a 60-suite Rosewood-branded hotel and construct a 17-story oceanfront tower with 40 ultra-luxury residences. The project is designed by Peter Marino and KPF Architects, with completion projected for 2028.

Additional hearings postponed

The Planning Board deferred conditional use permit modification hearings for Vendome at 743 Washington Ave. (case PB21-0442) and Bacara nightclub at 235 23rd St. (case PB21-0448) to a future meeting.

What's next

Both the proposed Lincoln Road liquor store prohibition and the Raleigh Hotel floor area ratio amendments require City Commission approval before taking effect. Residents can follow the City Commission agenda and submit public comment through the city's online portal.