Miami Beach's iconic Clevelander Hotel and Bar to be replaced with affordable housing development

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Plans are underway for an iconic Miami Beach hotel and bar to be replaced with a high-end restaurant and affordable housing units, the building's owner announced.

The changes being submitted soon to the city of Miami Beach include a development with 40% of the units designated as affordable and a maximum of height of 30 stories, the Jesta Group, which owns the Clevelander Hotel and Bar on Ocean Drive, said in a press release Thursday. The group also owns the adjoining Essex Hotel.

The plan is allowed under Florida's Live Local Act, which is designed to incentivize affordable housing, said Anthony O'Brien, the group's senior managing director. Rent has skyrocketed in the last several years along Miami Beach and across much of

 

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