---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-015502"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:22:36.764311+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-015502
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837023015502/0001558370-23-015502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837023015502/rh-20230906x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-015502
- JSON: https://secwatch.observer/filing/0001558370-23-015502.json
- Plain text: https://secwatch.observer/filing/0001558370-23-015502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.