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Galbut & Crescent Heights Affiliates Now Control Around Ten Acres On Alton Road

Entities related to Russell Galbut, Crescent Heights, and other affiliated entities have accumulated around ten acres of land on Alton Road in recent years.

The latest purchase came on December 29, when ARRP Miami IV, LLC closed on the Firestone Tire store for $10 million. The building was constructed in 1935, but isn’t designated historic, according to broker marketing material.

At 500 Alton Road, owned by a Crescent heights affiliate, the city recently issued a violation for a surface parking lot that was built without a permit.

In addition to the land, entities linked to Galbut have deals to redevelop two seperate Wells Fargo branches on Alton Road into a Whole Foods and a shopping center.

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8 Comments on "Galbut & Crescent Heights Affiliates Now Control Around Ten Acres On Alton Road"

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Anonymous
Anonymous
8 months 10 days ago

in other news, the mafia of miami beach continues to control parking, the towing companies, and large swaths of land….

Anonymous
Anonymous
8 months 10 days ago

Collected 10 acres over 5 yrs and not one shovel has hit the ground. keeps receiving up zoning to enhance value of empty lots, and wasting everyones time throwing pretty pics in our face, eventually he will flip all these empty lots

Gables
Gables
8 months 10 days ago

These empty lots had better get flipped soon. Maybe these people haven’t heard of sea level rise and seen the raised streets on this side of the Beach. In a few years value of these lots might make them perfect for surface parking and not much else.

Anonymous
Anonymous
8 months 10 days ago

Let’s cross our fingers for some human scale urban development.

Of course we’ll probably get automobile centric suburban development.

Anonymous
Anonymous
8 months 10 days ago

What are you talking this is mixed used urban development. Yes some parking spaces included however until Miami Beach eliminates parking requirements for residential as well as conmercial buildings its an unfornate reality.

D
D
8 months 8 days ago

I’m thrilled Crescent Heights has taken the lead on Alton Rd. It’s about time someone with vision and community conscience took charge. Someone should take over Washington Ave and clean up that filthy mess.

Anonymous
Anonymous
8 months 10 days ago

Love that they built the parking lot without a permit, LOL!

Anonymous
Anonymous
8 months 10 days ago

Right? Now it just sits unused and an eye sore. SMH….

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