T
he Miami Beach Design Review Board has given the green light to Robert Rivani's Black Lion for a $50 million renovation of a mixed-use building at 1691 Michigan Avenue. The six-story structure, renamed The Rivani, will feature a limestone veneer and metal perforated screens on its garage exterior walls. Doral-based Rockwell Group is redesigning the interior to resemble a five-star luxury hotel with amenities like concierge services and a Japanese restaurant.

    Black Lion acquired the building in April for $62.5 million, significantly less than the $109.2 million Clarion Partners paid for it in 2016. The firm has been expanding its presence in South Florida, including leasing commercial units in luxury condominiums to high-end restaurants. However, The Rivani will face stiff competition from other major developers planning new office projects in Miami Beach.

    These include Sumaida + Khurana and Bizzi+Bilgili's partnership with former Google CEO Eric Schmidt on The Fifth Miami Beach, a five-story office building in the South of Fifth neighborhood. Other planned developments include Wayne M. Boich's six-story mixed-use building in Sunset Harbour and Michael Shvo's two projects in South Beach, including The Alton and One Soundscape Park.