Time to say goodbye to the Iconic Clevelander, Miami Beach

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Jesta Group, owners of the Clevelander bar at 1020 Ocean Drive and the adjoining Essex Hotel, announced plans to the city of Miami Beach for a development with 40% of units designated as affordable and a maximum height of approximately 30 stories, which it said is now allowed under Florida’s Live Local Act designed to incentivize affordable housing.
The Clevelander was built in 1938 and gets its name from the fact that its original owners, the Ratner family, were Clevelanders from Ohio.
Jesta Group is a Montreal-based real estate investment firm that is also behind a $300 million plan to redevelop the site of Shuckers Bar & Grill in North Bay Village.

Link to SB 102 "Live Local": https://www.flsenate.gov/Committees/BillSummaries/2023/html/3068

Comments (1)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Aslan Realty Advisors, LLC WOW 30 stories high is way way up there.

Sep 09, 2023 03:44 PM