RH proposes $150-170M redevelopment of One Ocean Drive, Miami Beach

Proposal includes 30-year lease; starting base rent $7M escalating 3% annually, avg. $11M.
Total public benefits estimated at $465M over lease term; $5M upfront payment to City.
Company reports FY2022 revenue $3.6B, adj. EBITDA $930M, market cap ~$7B.
Plan replaces surface parking with public park, sculpture garden, beach club, and 15-room guesthouse.

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