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500 Alton: All the Details on South Beach's Proposed Tallest Building

Categories: Unreal Estate

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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.

See also: Another Wynwood Megaproject Is Up for a Vote This Week

Here's what you need to know.

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The details:
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.


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21 comments
yan02
yan02

Great project, great property, looks amazing and I hope more will come.  For those saying "no" think about the people who need work, think about how the neighborhood will look and be proud, and many of you might actualy aspire to live there.  It's always amazing how many useless nuts there are saying NO to something good.  Miami is the 2nd home of the 1% and you all live off that 1% spending their money here, so the more 1%ers here the better.  Build it and build many more like it

yan02
yan02

Its always amazing to me that people who never invest a penny and those who have nothing to do in their lives are the one's always opposing great things.  This building means jobs, it means good people living in it and above all it means progress for a city that was in shambles just several years ago.  Build and prosper, I wish someone who take the power from the nay-sayers away, they have nothing valuable to say.

Anastasia Biltmore
Anastasia Biltmore

Of course the developers aren't worried! There is SO MUCH CORRUPTION in Miami Dade County, no doubt it will be built.

Miami New Times
Miami New Times

Joseph, lack of affordable housing in South Beach, out of scale with the rest of the area, not zoned, traffic… Should we keep going? Of course you support this, you live in Coral Springs, and it doesn't affect your quality of life.

Joseph Mazon
Joseph Mazon

Totally in favor, I don't like the tone or the slant of the title of the New Times story , I support the building of this tower. Give me ONE reason to oppose it?

Dave Pench
Dave Pench

I say build it and then when South America's bubble bursts normal people will be able to pick them up cheap :)

Edward Bodnar
Edward Bodnar

Sounds a lot better than the eye sore that is there right now. Anything is a good thing.

polosur65
polosur65

A megaproject that seems to be among the very few that will survive many years after the ocean level rises and floodes the entire South Beach island....but who cares?? the multi-million units built above the water are expected to get private docks and a presidential retreat style marina so its residents won't need to wet their feet when leaving home....

Sam Wright
Sam Wright

Why would they worry? They always get what they want anyway

Stephon Kline
Stephon Kline

Yea like that bridge, that corner and that road are not way over congested as it is.

Andres Arias
Andres Arias

Done deal developers get what ever they want

Andrew J. Herrero
Andrew J. Herrero

I like watching people spend millions of dollars on property that will eventually be engulfed by the ocean.

Mark Casino-Brown
Mark Casino-Brown

Oh, Oh!! I want the $2M condo with a direct view of Ross, or maybe TJ Max.

Cary Gonzalez
Cary Gonzalez

Ahh yes, another future white elephant for the land of the "let's live like we're rich until we file for bankruptcy!"....

Josh Colletta
Josh Colletta

Nah, a little money tossed in the city council's direction, they'll be fine. And why shouldn't they? It seems to be working for that development next to Greynolds Park in NMB!

yan02
yan02

and why must there be so much bureaucracy to begin with? why does someone who wants to invest and make things better need to cut thru so much red tape of politicians, neighborhood associations and other people who don't have a stake in the project? the process should be simplified anyone who does not have anything valueable to add needs to be removed from the conversation.

yan02
yan02

The area is changing, in fact the reason most well to do people don't live in S. Beach is because of the dilapidated welfare looking structure that it houses.  There is no glory there, just shambles.  Progress is good, it is great and the fact that someone is putting millions of dollars in an area is a good thing.  Otherwise we would all be living in caves if it was up to the historical and local activists.....they all have an agenda that has nothing to do with a better quality of life. 

yan02
yan02

I'll give you several: Envy, selfishness and the thought that somehow not building this will keep rents cheap...that's what on the mind of anyone who opposes this.  They can't afford it, they hate the world and don't have a voice but hey, politics allowed them to be part of creating value so what do they do? they say "NO!" that's the only word they know to feel like they have power.  Most are not smart enough to understand that supply drives the rental market not comps.  The rent will go up, allot more if there is less stock and you will be forced to move if you don't start working real hard and making something of yourself.  And when you do make money, you will want to buy in a building like this and not the shite that is sitting there for decades.

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