"THE WAVE"

The Heartbeat of Miami Beach
Entertainment, Culture &
Art Deco District

Washington Avenue Business Improvement District's response to Coronavirus (COVID-19): The safety and well‑being of locals and tourist is always our priority. We are actively monitoring the coronavirus (COVID‑19) situation and are taking steps to help keep our businesses informed. Stay safe, wash your hands and love your family.

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JAYNE MANSFIELD
HONEYMOON ON MIAMI BEACH

MURAL ON 1543 WASHINGTON AVENUE
IN HER HONOR

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1st MURAL ON WASHINGTON
1543 WASHINGTON AVENUE

Updates Written by: Susan Askew -remiamibeach

washington avenue: on the edge

Washington Avenue is on the edge, physically and aspirationally. The once vibrant street, which borders Miami Beach’s South Beach Entertainment District, experienced a severe downturn that it is finally starting to come out of. Now, after a master planning process, development incentives, and the establishment of a Business Improvement District (BID), the street is poised for a comeback. Depending on who you talk to, it’s still on the edge between where it was and where it wants to go.

Troy Wright is the Executive Director of the two-year-old Washington Avenue BID which covers Washington Avenue from 5th to 17th Streets. Under a BID, property owners agree to tax themselves more to provide funding for marketing, promotion, and other initiatives to improve the area. The BID followed approval of the Washington Avenue Overlay in 2016 which increased allowable height to 75 feet for properties with more than 200 feet of frontage on Washington Avenue, reduced minimum hotel room sizes for new hotels and conversions, allowed for co-living or micro residential units, and eliminated parking requirements for hotels.

Since then, the Kimpton Anglers Hotel opened a new addition, a new Moxy Hotel has opened and the Good Time Hotel will open soon. Approved or under construction, a new hotel at 1685 Washington Avenue and Urbin Retreat in the 1200 block.

One of Washington Avenue’s appeals is that it is close to the sand and the action of South Beach but that is also one of its downsides given the current issues in the Entertainment District. The street sits just outside the Entertainment District which runs from 5th to 16th Streets on Ocean Drive and Collins Avenue.

From a perception standpoint, Wright said, “I think it’s impacting all of us because there doesn’t seem to be a separation being made between, for example Ocean Drive and Washington Avenue and there’s a big difference. We have museums, we have clubs, we have retail, we have historical buildings. We have a lot more to offer.”

Washington Avenue isn’t immune, however, from the chaos and criminal behavior. On February 1, a triple shooting took place in front of The Licking Restaurant at 754 Washington Avenue. “The shooting was horrifying,” Wright said. “I couldn’t sleep for a couple of days. I was sick to my stomach.”

Despite the Spring Break issues, he said Washington Avenue is an example of how to turn an avenue around “and make it attractive again.”

In addition to the Moxy and Good Time Hotels, Wright said, “We have a lot of businesses that are moving onto Washington Avenue,” highlighting the reopening of Jazid, with “an entirely different look. It’s French burlesque at its best, one of the most beautiful places I’ve seen here not just in Miami Beach but South Florida. The investment there is incredible.”

Wright said the new bicycle lanes have helped, too. They “opened up the opportunity for locals to take advantage of Washington Avenue without having to park.”

The “parklets” which allowed restaurants to extend sidewalk cafés into the streets to help them during COVID restrictions on indoor dining “saved Washington Avenue.” Businesses that have taken advantage of the opportunity are “doing over 30% better” than those who do not have the extra outdoor seating, he said.

“We may have lost one, maybe two” businesses during COVID, he said, but that’s a result of the willingness of landlords to work with tenants to keep them. “I know property owners get a bad name a lot of times but most of the property owners were willing to work with the businesses.”Read More


HISTORIC WASHINGTON AVENUE

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Margot Tenenbaum Meets Miami: A First Look at
Pharrell and David Grutman’s
New Goodtime Hotel on 6th & Washington
To Open April 15, 2021

Photo: Courtesy of Gabriel Saunders
Photo: Courtesy of Gabriel Saunders
Photo: Courtesy of Gabriel Saunders
BY ZACHARY WEISS - VOUGE
This time last year, Miami, Florida would be in the throes of preparation for its yearly Art Basel bacchanal. These days, while the sun seekers still find their way to socially distanced pools and beaches, there’s a noticeable hush surrounding the city’s usually glitzy haunts. But for Pharrell Williams and David Grutman, it has set the stage for a triumphant return—and reimagining—of their beloved home base.

Three years in the making and produced in association with lead developer Eric Birnbaum of Dreamscape Companies, they’re introducing The Goodtime, a refreshing addition to the Miami hotel scene. Just don’t call it a hotel: With an expansive third-floor pool deck,lobby lounge, eatery, outdoor workout area, recording studio, and 45,000 sq. feet of retail space, it’s designed to be a play-land for visitor sand locals alike (with 266 guest rooms to boot). "It's good vibes, goodenergy, good karma, good food, good music, good environment, good vibration,” Williams explained during our chat via Zoom, a noticeable beam of South Florida sun reflecting onto the wall behind him. "Comethere one way, and then you leave vibrating. We call it spiritual Wi-Fi.” read more

WAVE WPH HOTEL SELL, $43.8 MILLION

JEAN SIMONIAN - NEW OWNER OF WPH

Ladder Capital sells Witkoff’s Miami Beach hotel for $44M. Westime watches owner Jean Simonian purchased the property. Ladder Capital sold the Washington Park Hotel in Miami Beach for $43.8 million, after foreclosing on the property when it was owned by the Witkoff Group.
The foreclosure and subsequent sale of the hotel marks one of a few such deals in South Florida to close since the pandemic began a year ago. Many owners of leisure hotels are focused now on recovery, while properties that rely on business travel continue to struggle, brokers say.

WPH Properties LLC of Beverly Hills, California, purchased the 181-key hotel at 1050 Washington Avenue, records show. The sale was brokered by Hodges Ward Elliott brokers Max Comess, Rudy Reudelhuber, and Alexandra Lalos.

The buyer is tied to an LLC owned by Jean Simonian, who owns the watch store Westime. The sale equates to $242,000 per room.

Witkoff Group, led by Steve Witkoff, purchased the Art Deco hotel from the Majestic Organization in 2013 for $25.5 million. It closed on a $45 million loan from Ladder Capital in 2016, toward the end of a major renovation of the property.

Ladder filed a foreclosure lawsuit in July, seeking to collect the entire loan, along with interest and late fees. Ladder recently gained title to the property through the foreclosure, paving the way for its sale to WPH Properties, court records show.

The Washington Park Hotel was built in 1943 and includes five historic Art Deco buildings.
Simonian, the buyer, sold his two North Bay Road properties in Miami Beach last year for $44 million to Melvin Capital Management founder and former GameStop short-seller Gabe Plotkin.

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WAVE FEATURE INTERVIEW

2021
John Brandt
Property Owner 1235 Washington Avenue

Over the last century, there are few places on Miami Beach that have withstood the test of time and transformed a city like 1235 Washington Avenue.

Some may know it as the Cinema Theater, Mansion, a Cinema Casino, Club 1235, Deco’s, Passion, Copa Room Show & Nightclub, Paragon, Glam Slam, Level, Club Z, Icon, or the place where the artist, formerly known as Prince, dazzled clubbers with Purple Rain. Read More


Next Month

Saul Gross

Property Owner, Business Leader, Former Miami Beach Commissioner

Jolie Glassman
Business Owner South Beach Boxing

Jolie was recognized as PFP (Personal Fitness Professional) 2020 Trainer of the Year and has a long history of not being afraid to get in deep to transform the lives of those in our community that need it most.

From interacting with Muhammad Ali, Roy Jones Jr, Evander Hollyfield to teaching children in urban communities Jolie’s story is truly incredible. Read More



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Stephanie Vitori

Business Owner - Cheeseburger Baby


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