Kolter & BH Group Plan $110M Redevelopment of Oceanfront Miami Beach Hotel

Kolter Group and BH Group are moving forward with a high-profile redevelopment plan for an oceanfront hotel site in Miami Beach, now listed for sale at a whisper price of $110 million.

Delray Beach-based Kolter’s hospitality division and Aventura-based BH Group have submitted a site plan application to the City of Miami Beach, proposing the demolition of the Crystal Beach Suites Miami Oceanfront Resort at 6985 Collins Avenue and the neighboring historic Normandy Plaza Hotel at 6979 Collins Avenue. In their place, the joint venture plans to build a luxury 19-story boutique condominium with 37 exclusive residences, according to the application.

Kolter, led by CEO Bobby Julien, is contracted to acquire the Normandy Plaza Hotel. In contrast, BH, led by Liat and Isaac Toledano, and Kolter purchased the 84-room Crystal Beach property for $24 million in 2023. The partners have now listed the site for over four times their purchase price, with Berkadia handling the marketing and sales.

Historic Preservation Challenges

The Crystal Beach Suites, built in 1950, is not considered historic but falls within Miami Beach’s North Beach Historic District. Meanwhile, Normandy Plaza, a three-story Art Deco building designed by renowned architect L. Murray Dixon, is considered historic and requires approval from the Miami Beach Historic Preservation Board before demolition.

A letter of intent from the joint venture’s land use attorney, Michael Larkin, states that Normandy Plaza is in poor condition and has been deemed unsafe by Miami-Dade County’s Unsafe Structures Board.

Project Highlights

Designed by Kobi Karp Architecture & Interior Design, the new luxury condominium tower will feature:

✅ 37 ultra-spacious residences spanning 8,760 square feet each, with private decks and balconies measuring 2,650 square feet

✅ 80 parking spaces

✅ 2,607 square feet of ground-floor retail space

Kolter & BH’s Expanding Miami Portfolio

Beyond this project, Kolter and BH Group are also developing Solana Bay, a 10-story waterfront boutique condominium with 52 units in North Miami.

Stay tuned as this high-end Miami Beach redevelopment takes shape, potentially transforming the Collins Avenue oceanfront into a new luxury destination.