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$40M Whole Foods Project In Miami Beach Gets Green Light

Whole Foods Rendering-1901 Alton Road South Beach_Photo Credit The Next Miami 1170x435

Russell Galbut’s plan for a $39.8 million Whole Foods Market-anchored retail building in Miami Beach is getting a kick start after nearly a decade of inactivity.

The Miami Beach Design Review Board on Tuesday approved the planned four-story project spanning 199,000 square feet at 1901 Alton Road. Miami-based Crescent Heights, led by Galbut, Sonny Kahn and Bruce Menin, is under contract to purchase the 1.3-acre site from Wells Fargo.

Crescent Heights would demolish the existing single-story building, currently occupied by a Wells Fargo branch. National grocer Whole Foods and a new Wells Fargo branch would occupy 38,100 square feet of ground-floor and mezzanine level spaces in the new building, documents filed with the city of Miami Beach show. The planned project would also have 277 parking spaces.

Crescent Heights also secured Whole Foods as the anchor tenant at Nema Miami, a mixed-use project in Miami’s Edgewater neighborhood that will have 50,000 square feet of retail space. In 2020, the national grocer signed a 20-year lease with six five-year renewal options, records show.

 

Source:  The Real Deal

 

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Shvo Secures Approval For The Alton In Miami Beach

the alton miami beach_photo credit sfbj 1170x435

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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Plans Submitted For Mixed-Use 1920 Alton, Designed By Gensler

Plans have been filed to build a mixed-use project called 1920 Alton Road in South Beach.

1920 Alton is planned to rise 5 stories and include:

  • 25,223 square feet of Class A office space
  • 8,284 square feet of restaurant space at the ground level (split between two separate tenants)
  • three residential units that will total approximately 13,271 square feet
  • a screened-in parking garage on the second level with 45 spaces

Gensler is the architect. Alton Office Holdings II LLC is the developer.

The LLC is controlled by three separate companies, each owning a 33.33% stake. They include WMB Resources of Dublin, Ohio (managed by Wayne M. Boich), Edge Park Realty LLC of Greenwich, Connecticut (managed by Andrew Mathias), and Beachbox Holdings II, LLC of New York (managed by Bruce Beal). A Related Companies logo is attached to the plan submittal.

A hearing before the Miami Beach Design Review Board is scheduled December 6.

 

 

Source:  The Next Miami

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