FPM Investment received unanimous approval from the Miami Beach Design Review Board on Mar. 12 for a six-story, 48-room hotel that will replace a building constructed in the 1930s.
The decision allows FPM Investment to move forward with its plans after making changes to the hotel’s exterior design. The board had postponed its vote in October to give the developer time to address concerns about the building’s appearance. Vanessa Madrid, land use attorney for FPM, said at Thursday’s hearing, “At the last meeting, there was a lengthy discussion about the building’s rhythm, the perforation along the facade and the overall lightness. We were using a lot of metal. We came back with stucco in a lighter color. We continued the perforations, but in a way that preserves the ability to let the light flow through” the facade.
FPM Investment, led by managing partners Florencia Montecciarini and Lee Marrero, purchased the existing two-story M Hotel at 6945 Abbot Avenue in North Beach for $4 million in 2024. The new development will cover 21,800 square feet and include ground-floor retail space and a paseo. Planned amenities feature a rooftop pool and an outdoor gym, with rooms ranging from 300 to 347 square feet according to documents filed with city officials.
This hotel is FPM’s third planned project in South Florida. The company also has proposals for a 196-unit multifamily development in Miami’s Wynwood Norte neighborhood and a boutique condominium with 21 units in Hollywood.
The project is part of broader redevelopment efforts underway in North Beach since Miami Beach adopted new zoning rules in 2018 aimed at encouraging denser and more pedestrian-friendly construction. Other recent developments include Lefferts’ completion of 72 Park—a 22-story condominium tower—and projects by Terra and Ocean Terrace Holdings involving luxury hotels and condominiums.
