Miami Beach voters in a series of referendums last week derailed three major real-estate projects from top U.S. developers, reflecting a budding backlash against certain new development plans for the city.
Property developer Stephen Ross , Related Cos. chairman and owner of the Miami Dolphins, had been planning to replace the historic Deauville Beach Resort on Collins Avenue with a new hotel and development.
Starwood Capital Management , led by Chief Executive Barry Sternlicht , and Miami developer Don Peebles Jr. have also been preparing to build new office towers near the ocean.