WRE News: City of Miami Beach Receives Four Bids for Nikki Beach Oceanfront Property

Miami Beach, FL – September 5, 2023 – Miami Beach has received 4 bids for the Nikki Beach Miami property from multiple parties, including Boucher Brothers, Akerman with The Group US Management LLC, Restoration Hardware, and Tao Group Hospitality with One Ocean Hospitality LLC. City officials claim Nikki Beach’s legal team failed to submit the bid by 3pm on Thursday through the Periscope platform, emailing the bid in past the deadline and leading to its rejection. Despite protests from Nikki Beach, the city stood firm on its decision, stating that the bid was untimely. Despite legal battles and protests, the future of the site remains uncertain as the city seeks new operators for this prime Miami Beach location, receiving multiple bids from other parties to operate the valuable oceanfront property.