Commercial Lease Amendment for 1691 Michigan Avenue
Summary
Property owner RK Rivani LLC is seeking a 30-year lease extension and approval for a $50 million expansion atop the existing parking garage to add Class A office space and wellness facilities. The project is expected to generate millions in additional lease revenue for the city and bring high-paying knowledge-based jobs to the area.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jun 5, 2026.
Impact analysis
Generates millions in additional lease revenue and ad valorem contributions for the city over the lease term.
Local businesses, Lincoln Road merchants, and residents seeking professional office jobs within Miami Beach.
Drivers who might experience construction impacts or reduced garage parking availability.
Mentions & discussions (3)
Finance and Economic Resiliency Committee - Jun 5, 2026
RK Rivani, LLC is seeking lease amendments for its Lincoln Road area property to add 20-year option terms and rent enhancements in exchange for a $50 million investment to build rooftop office and restaurant space.
Planning Board - May 5, 2026
The lessee of 1691 Michigan Avenue is requesting a 20-year lease extension and zoning modifications to add office space and rooftop amenities after investing millions in renovations.
FINANCE AND ECONOMIC RESILIENCY COMMITTEE - Apr 1, 2026
Property owner RK Rivani LLC is seeking a 30-year lease extension and approval for a $50 million expansion atop the existing parking garage to add Class A office space and wellness facilities. The project is expected to generate millions in additional lease revenue for the city and bring high-paying knowledge-based jobs to the area.
Related development
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