RH CEO ‘disappointed’ One Ocean Drive proposal not recommended

RH provided an update regarding its intention to reimagine and restore One Ocean Drive, Miami Beach and the ongoing RFP process, with RH Chairman and CEO Gary Friedman quoted as having said: “While disappointed that our proposal was not recommended for selection, we continue to believe One Ocean Drive is one of the most important addresses in the world. Our goal from the beginning of this process was to deliver something that the City and its residents could be proud of, and that would cement Miami Beach’s place as one of the most important global cities for architecture, design, creativity, culture, health, wellness, food and wine… While this process has certainly seemed rushed, our sense is that due to the ongoing litigation, upcoming elections and the fact that the current operator has 2.5 years left on their lease, the final outcome will remain uncertain for some time. RH remains willing and ready, if invited, to engage with the residents and City of Miami Beach to refine and improve our proposal, resulting in a reimagination of One Ocean Drive, not only as a ‘High End Beach Establishment’ as the RFP requested, but as a one-of-a-kind iconic beach destination that inspires the local community and enlightens a global audience.”