Where does South Beach end and Mid-Beach begin? With the massive amount of money being spent on former 1950s pleasure palaces like the Fontainebleau and Eden Roc, it could be that Mid-Beach will soon just be considered part of South Beach. North of 23rd Street, Collins Avenue curves its way to 44th Street, where it takes a sharp left turn after running into the Soho House Miami and then the Fontainebleau resort. The area between these two points—and up until 63rd Street—is officially Mid-Beach. The area has been experiencing a renaissance since the $1 billion re-debut of the Fontainebleau resort in 2008. Investors have followed suit with major projects to revive the myriad former 1950s pleasure palaces of mid-Beach. Most recently, Argentinean developer Alan Faena has embarked on the neighborhood's latest $1 billion-plus mission: to restore the historic buildings along Collins Avenue from 32nd to 36th streets, creating new hotels, condos, and cultural institutions which will collectively become the Miami Beach Faena District.