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Latest reporting from the Business desk.
At the Urban Land Institute's fall meeting at the Miami Beach Convention Center, development executives argued that getting infrastructure, tenant mix and community amenities right matters more than maximizing leasable square footage for retail success.
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View MoreSan Marco Island double lot sells for $23.5 million
A 21,000-square-foot double-lot property on San Marco Island in Miami Beach sold for $23.5 million, closing Sept. 15, while a Four Seasons Surf Club condo in Surfside went under contract at a $17 million asking price, leading the week's luxury tracker.
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View MoreMiami Beach weighs 25% density boost for Raleigh Hotel site
The Miami Beach City Commission holds a first-reading hearing Wednesday on a Comprehensive Plan amendment that would raise the Raleigh Hotel site's floor area ratio from 2.0 to 2.5, adding roughly 66,400 square feet of buildable space to the three-acre Collins Avenue property.
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View MoreTides Hotel plans November reopening after nine-year closure
Safe Harbor Capital Partners plans to reopen the 45-room Tides Hotel at 1220 Ocean Drive in November after a multimillion-dollar renovation, ending a closure that began when Hurricane Irma damaged the 1936 Art Deco landmark in 2017.
Business
View MoreSan Marco Island spec mansion finds buyer at $47.5 million
A newly built waterfront estate at 1413 North Venetian Way went under contract at $47.5 million, making it the priciest home under contract in Miami-Dade County the week of Sept. 21–27.
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View MorePortMiami hits 10 million cruise passengers, reclaims top rank
PortMiami became the first cruise port to surpass 10 million passenger movements in a single fiscal year, reclaiming the world's busiest title from Port Canaveral and signaling continued growth for South Beach's hospitality economy.
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View MoreFive chef-driven restaurants plan fall openings across Miami Beach
José Andrés's Bazaar Meat, conveyor-belt sushi spot Ukiyo, James Beard winner Michelle Bernstein's Zebra Club, Tokyo-style pizzeria Royale and Luca Trattoria are all targeting October or fall 2026 openings in Miami Beach.
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View MoreBar Shishi speakeasy opens near Lincoln Road in Rivani building
Bar Shishi, a Tokyo-inspired speakeasy from the h.wood Group, opened Sept. 17 inside the Rivani building near Lincoln Road, drawing Bruno Mars, Daymond John and other celebrities to its grand opening.
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View MoreMiami Beach's La Leggenda ranks 47th on global pizza list
La Leggenda Pizzeria Napoletana on Española Way tied for No. 47 on the 2026 50 Top Pizza world rankings, the only Miami Beach restaurant on the global top-100 list.
Business
View MoreMiami Beach's Tony Hotel sells for $16.5M to French duo
French hospitality operators Philippe Le Guennec and Benjamin Debard paid $16.5 million for the 52-room Tony Hotel at 801 Collins Avenue, ending 40 years of Goldman family ownership and planning a multimillion-dollar renovation with a 21-room expansion.
Business
View MoreRitz-Carlton South Beach condo lands $10.5M contract
A 3,000-square-foot unit at the under-construction Ritz-Carlton Residences South Beach went under contract at $10.5 million, topping condo deals in a week when Miami-Dade luxury buyers signed 11 contracts totaling $79.8 million.
Business
View MoreUKIYO conveyor-belt sushi spot opens on Lincoln Road in October
NOAH Hospitality Group plans to open UKIYO, a 7,431-square-foot kaiten sushi restaurant with live performances and Japan-sourced seafood, on the second level of 818 Lincoln Road in October.
Business
View MoreMiami Beach wins state approval for $541M beachfront plan
Florida's Acquisition and Restoration Council unanimously approved Miami Beach's updated 10-year Beachfront Management Plan, a $541 million framework covering erosion control, dune management, public access improvements and shoreline protection for more than $62.4 billion in taxable property.