Millionaire Russell Galbut Building Insane Mansion Atop SoBe Parking Garage

Categories: Unreal Estate

galbut1.jpg
exMiami
In the ludicrous world of South Beach real estate, where affluence trumps reason and an ocean view means nothing without an infinity pool, few things raise much of a stir. Except, perhaps, this.

Local millionaire Russel Galbut is building a 17,000-square-foot apartment atop a parking garage that sits along Alton Road in South of Fifth. It's ostentation. It's status. It's South Beach.

The Galbut Manor will account for the top three levels of the seven-story parking garage, which will be "robotic." (We, too, had no idea what this meant and had to look it up. It means an intricate elevator system nestles cars like sardines inside the building. Apparently, Galbut tells us, "It's very Manhattan.")

Now, you might think 17,000 square feet is a lot of room to romp. Those assumptions, however, would be wrong.

"It's not actually that big," says Galbut, who's amassed much of his fortune through Miami Beach real estate. "Once you account for the racquetball courts and all of the terraces, you really don't have that much space left over... Still, there's really no apartment of that size in South Beach -- especially the South of Fifth area."

With that location, one would perhaps fret over where to park one's Mercedes. But Galbut has no need for such concern, pointing out that his posh pad will have a personal car elevator for himself.

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His office will overlook the robotic garage pulling and swinging cars to and fro, which prompted exMiami to describe Galbut as "fascinated" with such parking mechanics. Galbut, however, says that characterization isn't accurate. "It's not some fetish or anything," he says of his apparent affinity for robotic parking garages. "But they're really to be admired and credited."

Two restaurants -- Radio Bar and Red Ginger -- are set to inhabit the building's first floor. And though Galbut declined to specify how much money he has spent to build his mansion, he says the restaurants and parking inside will more than pay for it.

The apartment will be completed by the end of next year -- and, yes, it comes with an infinity pool.

Send your story tips to author Terrence McCoy or follow him on Twitter.

Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.


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30 comments
timfla
timfla

I grew up in a penthouse atop the Regal Hotel at 5th and Washington.  It was great watching the blimp and plains waving every day.  We had a garden atop the hotel so we were ahead of the times. I loved living near the beach and a short walk to South Beach elementary.  There was a Texaco station across the street, a Jewish bakery on the corner, a drug store with news stand across the street,  an  ice cream parlor and the 5th street gym all nearby. The were 2 restaurants down stairs too.

Carlos Omar
Carlos Omar

He is not the first one to have done this

Drew Weinstein
Drew Weinstein

Sean, please explain how this is an investment in technology...

Weston Cooper
Weston Cooper

I don't understand how he is able to get building permits. He's not the only person with money and if money was the only thing to get the permits I feel like there would be much more construction going on.

Dennis Ondeyko
Dennis Ondeyko

well, he can always order downstairs from Publix...........i like it. have me over for the weekend.

surf412
surf412

Its just not original. So its not really cool or unique which is the only reason to do such a project.  We actually do need additional parking in that area as we already have an abundance of pretentous arrogant douche bags..

Sean Elmore
Sean Elmore

It's a fresh little spot, and I'm glad to see people investing in technology. No reason for everyone to be getting all worked up over someone spending their own money, and in our market.

Alex Perez
Alex Perez

Yo whats up Rick Falcon. NT editors are bored these days.

Sandra Sokolin
Sandra Sokolin

How did he get the building permits? (Besides $)

j.pollo
j.pollo

Millionaire? Are we supposed to be impressed?

Hazie Almendares
Hazie Almendares

Looks like there isn't enough property in Miami or Miami beach for Russell Galbut because this is totally ridiculous. South beach is not manhattan I hope people on the beach rebuke this.

Dan Marino
Dan Marino

Not sure what is wrong with this, other than it's excess. They are not tearing anything down. They are not taking away land. They actually using a building that is ugly anyway. What is the problem. Is New Times envious or is this link bait?

Kelly Miller-law
Kelly Miller-law

We always use that parking deck. I can't wait to see it!!!

frankd4
frankd4 topcommenter

....................that's funny because it's so true

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