500 Alton: All the Details on South Beach's Proposed Tallest Building
Because apparently Miami is always in desperate need of another gigantic skyscraper meant to house the 1 percent, developers Related and Crescent Heights have teamed up to bring a code-breaking new vision to a piece of primo South Beach real estate at 500 Alton Rd. Today they unveiled plans for what would be Miami Beach's tallest building -- a 50-story glass behemoth with condo prices starting around $2 million.
Here's what you need to know.
Crescent Lakes has owned a stretch of lots spanning from 500 to 700 Alton Rd. for some time (an abandoned hospital, among other things, stands there now) and was almost ready to sell it until this Hail Mary plan came along. The skyscraper is designed by Perkins + Will, and each floor would include four units at most (going for $2 million to more than $10 million each).
The building would take up only the southern potion of the parcel, by the Alton Road flyover. The rest would be developed into a public park complete with a waterfall and a lake. Developers are quick to point out the lake could help with some of Miami Beach's flooding problems.
The project doesn't meet Miami Beach zoning code, but the developers aren't worried:
The lot is zoned in an area that allows for buildings that go up to seven stories. Of course, the developers don't seem to see that fact as a hindrance and hope to get approval anyway. To do so, the Miami Beach Commission would need to vote on a new ordinance twice, and then the plans would need to be approved by both the planning and design review boards.