City of Miami Beach Lease Amendment Referendum — 1691 Michigan Avenue (RK Rivani LLC)
What does this measure do?
Miami Beach would let RK Rivani LLC extend its lease on city-owned land at 1691 Michigan Avenue by up to 40 years and build 47,000 square feet above the parking garage. The city's share of rent would rise from 2.5% to 3%, bringing in at least $248 million in base rent over 40 years.
Read the official ballot measure (PDF)
Proposed by: Miami Beach Mayor and City Commission (Resolution 2026-34389)
The city's elected commission called a special election so voters can decide on this change to a city lease.
Source: miamibeachfl.gov
A YES vote means
The lease is extended and expanded, the company can build above the garage, and the city collects a bigger share of rent.
A NO vote means
The current lease stays as it is, with no extensions, new building, or rent change.
No financial records found for this ballot measure.
Source: miamibeachfl.gov
Source: miamibeachfl.gov