Construction is nearing completion at Thompson Hotel South Beach which is being developed by Finvarb Group, led by Ronny Finvarb, and Chahine Investment Corp. Glass has been installed at the architectural masterpiece by world-renowned French architect Rudy Ricciotti, its iconic wave design is already making a statement in Miami Beach. The Thompson Hotel South Beach is set to transform the nexus of Washington Ave. and 17th St., with close proximity to the beach, Lincoln Road, The Miami Beach Convention Center and Collins Avenue.

The mixed-use project is being developed on a .7 acre site at 1685 Washington Ave. When complete the building will feature a 150-room hotel which will be branded as a Thompson Hotel by Hyatt, with a rooftop restaurant and pool deck, as well as ground-floor retail. Ortega is the general contractor.

In addition to the Thompson and other projects in different stages, Finvarb Group owns 13 hotels and restaurants in Florida, Texas and Arizona, including the Kimpton Palomar South Beach and Osteria Morini, the Residence Inn by Marriott South Beach, and the Courtyard by Marriott South Beach, which they developed. Finvarb Group also recently acquired the iconic Macy’s South Beach, the Landon Bay Harbor, including The Palm restaurant, and an assemblage in Deerfield Beach, including JB’s on the Beach, among others.

Chahine Investment Corp. is a family office subsidiary managed by Agathe Chahine that focuses its investments on office buildings, luxury hotels with the historic Palacio Ludovice in Lisbon that just opened, private equity, and financial markets.