City of Miami Beach Commission Meeting Agenda April 2026
City Proposes Long-Term Lease Amendment With RK Rivani
Trusted by teams at
Description
Miami Beach outlined terms for a major first amendment to its lease with RK Rivani, LLC for 1691 Michigan Avenue, including two 20-year extension options, increased rent, a 47,000-square-foot office expansion valued at $50 million, and $1.3 million in public benefits. The amendment will require a competitive bidding waiver, voter approval, and completion of the expansion improvements.
Contract Details
Contract Amount
Additional public benefits of $1,300,000; expansion improvements valued at approximately $50,000,000
Vendor
RK RIVANI LLC
Agency
City of Miami Beach, FL
Contract Type
FACILITIES
Document Date
April 22, 2026
Contract Term
Existing lease dated September 1, 1999, with proposed extension options of two (2) additional twenty (20) year terms
Renewal Info
First amendment would create two additional twenty-year renewal options, adjust rent and market rent caps, and tie full effectiveness to referendum approval and timely completion of expansion improvements.
More from RK RIVANI LLC
Related Contracts
City of Miami Beach Finance and Economic Resiliency Committee Agenda 2026-06-05
DISCUSSCity of Miami Beach Commission Meeting Agenda April 2026
PENDINGCity of Miami Beach Finance and Economic Resiliency Committee Agenda April 2026
DISCUSSSEDMiami Beach Finance and Economic Resiliency Committee Agenda 2026-04-01
RECOMMENDEDMore from City of Miami Beach
City of Miami Beach Finance and Economic Resiliency Committee Agenda 2026-06-05
City of Miami Beach Finance and Economic Resiliency Committee Agenda 2026-06-05
City of Miami Beach Finance and Economic Resiliency Committee Agenda 2026-06-05
City of Miami Beach Finance and Economic Resiliency Committee Agenda 2026-06-05
City of Miami Beach Finance and Economic Resiliency Committee Agenda 2026-06-05
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.