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Shvo Secures Approval For The Alton In Miami Beach

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Final approval was obtained by Michael Shvo for his mixed-use project in Miami Beach, which was created by the renowned architect Norman Foster.

The Alton, a six-story building, will have five luxury apartments, 17,000 square feet of ground-floor retail space, and 170,000 square feet of rentable office space. It’s unknown if the residential buildings will be rentals or condominiums.

This Monday, the Miami Beach Design Review Board unanimously approved the construction, after the city’s Planning Board’s approval three months earlier. Foster + Partners, the company that Foster started in 1967, is designing the complex, and Kobi Karp will be the local architect for it.

Construction is expected to begin next year.


Source:  Commercial Observer

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Investor Plans To Renovate Miami Beach Hotels

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The historic Bellamar and Viking Hotel in Miami Beach could get a makeover.

Private investor Richard D Cohen Lancry filed a plan to renovate the three-building complex that includes both hotels and a utility building situated between them. The low-rise property, completed in the late 1930s and designed by Roy France and GL McCann, spans 11,790 square feet at 220 and 230 31st Street, west of the oceanfront Palms Hotel & Spa.

Lancry, who’s based in Sunny Isles Beach, wants to tear down the one-story utility structure in the middle of the 12,000-square-foot site and replace it with a courtyard that will include a pool deck and dining area. Plans also call for the two hotels to have 46 rooms — six fewer than the current number — as well as a front lobby and a “modest” restaurant and bar.

The investor acquired the property for $8.4 million last year, according to property records.

The Miami Beach Historic Preservation Board is scheduled to hear the proposal Dec. 12.


Source:  Commercial Observer


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Plans For New Whole Foods In South Beach Submitted To Review Board

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A developer has filed plans with Miami Beach’s Design Review Board to build a large new Whole Foods market in South Beach.

In a letter, a representative of the developer wrote that the plans were very similar to plans approved by the same board in 2015. The approval expires 18 months after issuance if a building permit hasn’t been issued, according to a copy of the approval order.

The Whole Foods is proposed to occupy the ground floor of a 4-story development at 1901 Alton Road. The project is planned include:

  • 34,953 square foot ground floor Whole Foods, plus additional mezzanine space for office and cafe seating
  • 3,908 square feet Wells Fargo Bank
  • 277 parking spaces, on levels 2, 3 and 4, which is said to be 114 more spaces than is required for the proposed uses

The estimated cost of the project is listed at $39,800,000.

Studio Mc+G is listed as the architect, with the façade designed by Oppenheim Architecture.

1901 Alton Property LLC and Wells Fargo Bank are listed as the applicants. Architectural plans list Crescent Heights as the owner.

The Miami Beach Design Review Board is scheduled to hold a hearing on the proposal on December 11.


Source:  The Next Miami

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Clevelander Submits Plans To Turn South Beach Party Spot Into Housing

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The owners of the Clevelander Hotel and Bar submitted plans to the city of Miami Beach on Monday to transform the famous party spot into a restaurant and 18-story housing development, shorter than the 30 stories first floated last month but substantially taller than other buildings nearby on Ocean Drive.

The proposal calls for a 200-foot tower above a ground-floor restaurant where the Clevelander currently stands. The project would have 137 residential units, 55 of which would be designated as workforce housing.

Monday’s submission comes more than six weeks after Jesta Group announced its intention to redevelop the Clevelander and adjacent Essex House hotel under Florida’s Live Local Act, which lets developers circumvent local height and density regulations if they commit to designating 40% of new housing units as affordable to renters earning up to 120% of the area median income.


Source:  Miami Herald

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Miami Beach To Consider Mixed-Use Development Deal For City Land

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On the city parking lot next door, the owner of Miami Beach’s Washington Park Hotel has proposed to create a mixed-use project.

On October 18, the City Commission will consider how to move forward with WPH Properties LLC‘s offer for the 14,694-square-foot parking lot at 1000 Washington Ave. It may decide to suggest that municipal employees make a contract, look for additional bids, or decide not to proceed with any proposal at all.

For $43.75 million, WPH Properties purchased the nearby Washington Park Hotel in the beginning of 2021. The business made the city an unsolicited bid for the parking lot later that year. The preliminary terms of a development agreement have been considered by city employees.

The developer wants to pay $2 million over the first three years, as well as $470,000 annually with a 2% annual increase, to lease the lot from the city for 99 years. The property was evaluated for $8.8 million, according to the city.

WPH Properties presented their ideas for a seven-story structure that would house 1,75 parking spaces, including one level of underground parking, 4,065 square feet of commercial space on the ground floor, and 33,640 square feet of office space. On the roof would be an amenity deck with a pool.

The term sheet does state that, contingent upon the developer’s choice of business plan, the middle three stories of office space—roughly 25,000 square feet—might be substituted with workforce housing apartments. Still, the applicant wants to keep the office space on the top floor regardless.


Source:  SFBJ

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Miami Beach Neighborhood Draws $150M Block-Size Residential Towers Development

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A $150 million development promises to bring two high-rise towers built on an entire block in North Beach, following a wave of new projects in a once often-ignored neighborhood of Miami Beach.

Twin 19-story residential towers would replace surface parking lots and boutique apartment rental buildings on the 1.57-acre corner of 72nd St. and Dickens Ave., according to developer Russell Galbut. Galbut, Matis Cohen and development firm Lefferts — headed by Mendy Chudaitov — submitted plans to the city of Miami Beach’s land use board, which reviews development plans in October. Lefferts owns the entire block, except for an apartment rental building that would remain on site.

Designed by Arquitectonica, the development would deliver a total of 125 residences.

The project remains in the early phase, but construction was expected to begin in late 2024, if the partners gain the necessary approvals in the coming months. Galbut said it would take about another two years to complete.


Source:  Miami Herald

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Biophlic South Beach Office Building Designed By Norman Foster Approved By Board

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Miami Beach’s Planning Board voted unanimously to approve developer Shvo’s proposed Alton Road office project in South Beach.

Pritzker Laureate Lord Norman Foster and the team at Foster + Partners is designing the project with a biophilic design, inspired by Florida’s climate and vegetation. Kobi Karp Architects is working along with Foster on the design.

The project is known as The Alton. It is planned to rise six stories, and include:

  • 170,000 rentable square-feet of Class A office space
  • 17,000 square-feet of ground floor retail
  • five luxury residences

The next step is a Design Review Board hearing in October. If approved, construction of The Alton is expected to commence early 2024.


Source:  The Next Miami

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Miami Beach Office Building Fetches $82 Million

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Los Angeles-based Black Lion and Miami-based Massa Investment Group said they have an eight-story office building under contract for $82 million.

NG 1601 Washington Ave. LLC, an affiliate of New York-based Nightingale Group, has agreed to sell Lincoln Place at 1601 Washington Ave. Located on a ground lease with the city of Miami Beach, the building has about 110,00 square feet of office, 30,000 square feet of ground-floor retail space and a 499-space parking garage.

The building last traded for $80 million in 2016


Source:  SFBJ

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Fort Lauderdale Developer Proposes Boutique Building In Miami Beach

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A Fort Lauderdale-based developer has proposed a boutique mixed-use development in Miami Beach’s South Of Fifth neighborhood.

The developer, 13 Jan Real Estate LLC, led by Oscar Pittini, plans to keep a portion of the existing single-story residential building at 829 Fourth Street adjacent to Meridian Courtwhich was constructed in 1952, and convert it to a mixed-use space.

The five-story development will feature four residential units, each spanning 1,886 square feet, with additional commercial space.

The application does not specify how the commercial space will be used or whether the units will be converted into condos or rentals.

Last year, Pittini paid $2.5 million for the 5,000-square-foot lot, which sits within the Ocean Beach Local Historic District, according to property records. The Miami Beach Historic Preservation Board will hear the proposal Oct. 10.


Source:  Commercial Observer

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RH Proposes $150M Project To Replace Nikki Beach Club

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Furniture retailer RH, formerly known as Restoration Hardware, has proposed a development that’s set to cost at least $150 million to replace the famed Nikki Beach day club in Miami Beach.

The property, at 1 Ocean Drive in South Beach’s ritzy South of Fifth neighborhood, covers 4.1 acres. Married couple Lucia and Jack Penrod have leased the two-story building on the oceanfront site from the City of Miami Beach since the 1980s, first operating it as a club called Penrod and since 1998 as Nikki Beach, which has become an international brand.

But in recent months, Nikki Beach owners and Miami Beach officials have been feuding. Some objections stem from noise complaints coming from the day club. More broadly, the municipal government is trying to rein in Miami Beach’s party image.

Earlier this year, the city’s commission awarded the 30-year lease to Boucher Brothers, a company that has a contract with Miami Beach to provide beach concessions, and to hospitality powerhouse Major Food Group, the operator of celebrity hotspot Carbone. The deal would begin in 2026 when the Penrods’ deal expires.

In response, Nikki Beach owners sued the city, accusing it of executing a “backroom deal.” The suit prompted officials to open up the bidding process, and three other groups — AkermanTao Group Hospitality, and RH — submitted proposals, which officials will hear privately. The Penrods missed the deadline to put forth an offer by 15 minutes.

So far, only RH has made its plan public through a press release. Under the proposal, the California-based furniture retailer would construct two low-rise buildings whose footprints would cover 0.6 acres; create a 17,000-square-foot public sculpture garden; and replace the 77,000-square-foot surface parking lot with a 94,000-square-foot subterranean parking structure.

RH estimates the development will cost between $150 million to $170 million. The company is seeking a 30-year lease term with a starting base rent of $7 million, increasing at a minimum of 3 percent annually, resulting in an average base rent of $11 million, equating to $333 million over the term of the agreement.

Source:  Commercial Observer

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