The Related Group may redevelop the Olympia Theater at the Gusman Center for the Performing Arts in Downtown Miami and the buildings 80 residential units, according to Miami Today.
Located at 174 East Flagler Street in Downtown Miami, The Olympia Theater was built in 1926 and designed by John Eberson. After being purchased by Maurice Gusman in 1972, architect Morris Lapidus renovated the theater and the building was donated to the City of Miami. Restorations occurred between 1989 - 1995 on the building by RJ Heisenbottle Architects, with the offices converted in residential units.
The city has $3 million allocated for improvements to the building.