The Cloud One Miami Beach Update 06/18/24

Site of Proposed Hotel in Miami Beach Acquired by Developer



Aventura-based developer Keyah Real Estate, led by Xaver Kriechbaum and Gavin Crescenzo, has acquired the site for a proposed seven-story hotel. The developers paid $20 million for the site according to Miami-Dade records. Cloud One Hotel will offer 238 rooms along with a 5,677-square foot restaurant on the ground floor, a 3,525-square foot rooftop restaurant and a pool deck on the second floor with a bar. The one-story retail building and 13-unit apartment building on the site will be demolished. The project will be reviewed by the Miami Beach Historic Preservation Board and Miami Beach Planning Board in July 2024.

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