Miami Condo Market and Lifestyle Updates
Crescent & Related Group’s Plans for Tallest Tower in Miami Beach Postponed by the City

Crescent & Related Group’s Plans for Tallest Tower in Miami Beach Postponed by the City

by Sep Niakan | July 10, 2015

The tallest building in Miami Beach, being planned and developed by Related Group and Crescent Heights, is now on hold.

Russell Galbut, the managing principal of Crescent, said that the duo is reconsidering plans for the 50-story condo tower at the end of the MacArtur Causeway near the Alton Road flyover. The primary reason their plans for the building have been stopped is due to a new plan for Alton Road that the city has been developing.

“Due to the possibility of Alton Road being master planned in the near future,” Galbut said, “we have decided to follow this process before we make a final decision on whether to develop the site in accordance with our existing entitlements, pursuing the presently advertised project, coming back with a modified version, or perhaps building nothing at all in this time.”

Jose Smith, Former City Attorney, suggested a voter referendum or survey to determine if the people believe that the condo tower that has been proposed should be necessary to approve for development in the future.

 

Source: therealdeal.com

Photo credit: therealdeal.com

Recent posts

Opinions and Advice

Miami Pre-Construction Frequently Asked Questions

by Sep Niakan | May 22, 2017

How much is the fee to have a knowledgeable and licensed Miami real estate broker help me select the right property? How much of my money does developer use during construction? What are the penalties if I decide to cancel my pre-construction...

Opinions and Advice

Comprehensive Guide to Buying a Pre-construction Property or Condo in Miami

by Sep Niakan | May 22, 2017

Why You Need to Read This Miami Pre-construction Condo Guide Miami Pre-Construction Phases How to Negotiate the Best Miami Pre-Construction Deal How to Finance Pre-Construction Property Closing Costs for Pre-Construction...

Lifestyle

Save the Date for these Stellar June Events in Miami

by Sep Niakan | May 20, 2017

With summer here, Miami turns up the heat with the hottest events lining up for the month of June. You can find a new way to spend each day, whether it's catching up on international cinema, going on a food-eating spree, or peering over the...

Real Estate News

Luxury Miami Condo Report : April 2017

by Sep Niakan | May 18, 2017

Miami Luxury Condo Report Overall Market Summary   City and Neighborhood Luxury Condo Reports   Miami Beach Luxury Condo Report South Beach Luxury Condo Report Mid-Beach Luxury Condo Report   Surfside Luxury...