927 JEFFERSON SUITES. A Unique Luxury Property in the Heart of South Beach

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Anastasia Robertson
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1 927 JEFFERSON SUITES A Unique Luxury Property in the Heart of South Beach

2 Named the 8th Hottest Hotel in 2016 in Miami Beach by Curbed Miami TOP RATED

3 INDEX Introduction History Location and Surroundings Floor Plans Exterior Photographs Interior Photographs Cap rate Coding South Beach at Walking Distance Additional Information

4 INTRODUCTION

5 VINTAGE MEETS MODERN Built in 1921, 927 Jeﬀerson is the oldest standing hotel in South Beach. An expansive revamping project in 2013 brought to this historical building all the luxury and amenities of a world class property. Tropical lush gardens, modern amenities, and unparalleled style make 927 Jeﬀerson one of the most sought after short term rental properties in South Beach,

6 HISTORY

1910-1920 The Lummus brothers Ocean Beach Realty Company platted the Miami Beach Ocean Beach Addition 3 subdivision in February 1914, before Miami Beach had even become a town.

7 The Lummus brothers Ocean Beach Realty Company platted the Miami Beach Ocean Beach Addition 3 subdivision in February 1914, before Miami Beach had even become a town. In 1916, with the Lummuses in ﬁnancial straits, developer Carl G. Fisher and his colleagues formed the Miami Ocean View Company and took over much of the Lummus property between 5th and 11th Streets. The new company ﬁlled in much of the land, put in water mains and sewers, paved the streets, planted trees, and built several houses on its mostly-vacant land to promote the sale of lots.

1920-1930 The Villa was built circa 1920 on Lot 12 of Block 70 in the Ocean Beach Addition 3 subdivision and completed by 1921 as a single-family residence.

8 The Villa was built circa 1920 on Lot 12 of Block 70 in the Ocean Beach Addition 3 subdivision and completed by 1921 as a single-family residence. The ﬁrst deed record for Lot 12 is dated December 21, 1921, when the Miami Ocean View Company sold it to Peter J. McCormick of Suﬀolk County, Massachusetts. A week before the sale, a notice had appeared in the Miami Herald that, Mrs. Peter McCormick of Boston has opened up her beautiful home at 915 (927) Jeﬀerson Avenue. Peter and Mabel McCormick apparently spent only one winter in the subject house on Lot 12. On March 14, 1922, they sold it to Arthur G. Norris and his wife Eda from Chicago. Mr. Norris was a 36-year-old stock broker who had emigrated from Canada as a child.

1930-1940 The Villa had survived the devastation of the The 1926 Miami hurricane, commonly called the "Great Miami" hurricane, a large and intense tropical cyclone that devastated the Greater Miami

9 The Villa had survived the devastation of the The 1926 Miami hurricane, commonly called the "Great Miami" hurricane, a large and intense tropical cyclone that devastated the Greater Miami area and caused extensive damage in the Bahamas and the U.S. Gulf Coast in September Next came the Art Deco era of the 1930s and 1940s, when many of South Beach s most architecturally signiﬁcant hotels, municipal buildings and other structures were completed. While tourism slowed during the World War II years, many aviators and other military personnel trained in South Florida, getting their ﬁrst taste of life in the sun. 927 Jeﬀerson suites used to host Troops. As a result, the region s population began growing in the late 1940s the start of a boom that lasted for decades.

1940-1960 The 1947 directory ﬁrst identiﬁes it as Sytten s Guest House, operated by Harry and Dora Sytten.

10 The 1947 directory ﬁrst identiﬁes it as Sytten s Guest House, operated by Harry and Dora Sytten. From 1955 to 1959 it was the Chicago Guest House, advertising furnished rooms, run by Bessie Smith. In 1960 it was Min s Guest House, run by Mrs. Minnie Samuels, and in 1964, Sacks Guest House, run by Samuel Sacks.

11 1960-PRESENT the house remains today as a Contributing building in the National Register and Flamingo Park Historic Districts.

12 LOCATION AND SURROUNDINGS

14 FLAMINGO PARK HISTORICAL DISTRICT The Flamingo Park Historic District was designated in In 1992, Lincoln Road between Lenox Avenue and the centerline of Collins Avenue was added to this district. A small expansion area along Alton Road was added to this district in The basic form and layout of the district was established during the early platting of property between 1912 and The majority of the buildings within the district were not constructed until after the land bust of 1926 and the depression of This second major period of construction lasted from 1930 through World War II up to Architectural design followed the public's fascination with machinery, and the simpliﬁed form and ornamentation were well suited to the new economic and social conditions in Miami Beach. Smaller buildings, catering to the more modest means of middle-class visitors arid seasonal residents were constructed rapidly in great numbers to meet the increasing population of Miami Beach. This is the primary reason for the consistency of buildings in the expanded district. Of the 632 historic buildings remaining in the expanded district, 530 (84%) were constructed between 1930 and A small group of architects (Anis, Dixon, Hohauser, Brown, Robertson, Schoppel, Pfeiﬀer, Ellis, France, Hall, Pancoast and Henderson) designed the majority of the historic buildings remaining within the expanded district.

15 15 Minutes From/To the Airport

16 FLOOR PLANS

18 927 Jefferson Luxury South Beach #1 #5

19 927 Jefferson Luxury South Beach #2

21 EXTERIOR PHOTOGRAPHS

26 INTERIOR PHOTOGRAPHS

27 Jefferson One

28 Jefferson One

29 Jefferson One

30 Jefferson One

31 Jefferson Two

32 Jefferson Two

33 Jefferson Two

34 Jefferson Two

35 Jefferson Three

36 Jefferson Three

37 Jefferson Four

38 Jefferson Four

39 Jefferson Four

40 Jefferson Five

41 Four Parking Spaces

42 CAP RATE

44 CODING

49 SOUTH BEACH AT WALKING DISTANCE

52 ADDITIONAL INFORMATION

Jefferson Suites Hotel 927 Jefferson Avenue Miami Beach, Florida, 33139

Jefferson Suites Hotel 927 Jefferson Avenue Miami Beach, Florida, 33139 OFFERING MEMORANDUM A Licensed Hotel Complex in the Heart of South Beach $2,950,000 Neal R. Deputy 690 Lincoln Road Miami Beach,