VOS Hospitality and The B Group are slated to start the restoration of the historic Art Deco Greystone Hotel located in Miami Beach, which was originally built in 1936 and purchased by the partnership in 2012 for $7.5 million. The adjacent building at 230 20th Street, formerly known as Santa Barbara, was subsequently purchased in 2014 for $7 million and will be integrated into the newly redeveloped Greystone Hotel, which is expected to open in the fourth quarter of 2017.
The 92-guestroom Greystone Hotel will become a 56,000 square-foot property in the center of Miami Beach at 1920 Collins Avenue. Shulman + Associates will oversee the architectural design.
The first building will retain the original Art Deco façade and historic lobby, with modern updates to be added. The second building will be partially restored as a second guestroom tower with a five-story rear addition stepping back each floor to uncover eight private terraces.
Plans also include a rooftop pool and bar, 140-seat ground floor restaurant, outdoor café, as well as an undisclosed underground lounge.
Greystone Hotel will be located near Miami Beach Convention center, shopping on Lincoln Road, beaches, dining and nightlife venues.