There's definitely construction going on here, although when we asked King and Grove if this was indeed one of their properties, a representative said they could not confirm or comment on the rumor at this time.
Hmm. There's a fairly new company incorporated in Florida called Versailles On The Ocean, LLC, which lists Joseph Chetrit as the principal. And we know Chetrit has been funding some of King and Grove's other projects. We also found this rendering of what the new and improved Versailles is going to look like--pretty swanky.
Finally, Miami Beach Historic Preservation Board documents show that the work on the property will include the partial demolition, renovation and restoration of an existing 9-story building and an existing 13-story building, plus the construction of a new 10-story multifamily building with a rooftop pool deck at the rear of the site.
The 1940 lobby of the hotel will be substantially restored and there are also plans for a new 2-story high restaurant along Collins Avenue.
Whether King & Grove G is behind the restoration of Versailles or not--and we're thinking they are--this is going to be a pretty cool new hotel. Having more than one King & Grove hotel in Miami would also be cool, as the company's aesthetic and vibe makes sense in such a beachy, glam location.
We have our fingers crossed.
[Photos: HotelChatter. Rendering: Kobi Karp Architecture]