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Alta Developers Needs Rezoning To Build 48-Story Brickell Bay Drive Condo

Alta Developers Needs Rezoning To Build 48-Story Brickell Bay Drive Condo

Alta Developers wants to build a 48-story condo tower at 1430 Brickell Bay Drive, but must overcome some hurdles.

Zoning is one issue. The lot is currently zoned for an eight-story tower, and developer must convince the city to allow for 48 stories (as it once was prior to being down-zoned my Miami 21). To do so, the developer will collect signatures from area residents to bring to the city, principal Henry Pino told the SFBJ.

Buying out the co-op is another issue. Alta has purchased several units at well above market price ($400,000 for a unit listed at $189,000) to “to let people know we are serious.” The developer wants to place all units in contract subject to rezoning.

Pino says the property is worth $20 million with 8-story zoning and $65 million with 48-story zoning.

The architect designing the 48-story helipad-topped tower is Behar Font Partners.

 

 

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10 Comments on "Alta Developers Needs Rezoning To Build 48-Story Brickell Bay Drive Condo"

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Anonymous
Anonymous

So here’s the thing…. pursuant Miami 21, Article 7, Section 7.1.2.8(a)(3) an area that’s zoned T6-8 can only be rezoned to T6-12. T6-12 only allows for 12 stories by right and 24 stories with bonus. So I don’t see how they plan to do this.

Anonymous
Anonymous

Maybe the lower 24 floors are workforce/section 8?

Anonymous
Anonymous

Build quality affordable housing somewhere less desirable for revitalization efforts (Civic Center, Allapattah, Liberty City)? Developers building ultra-luxury towers in Manhattan usually make deals like that because building affordable housing at Central Park would be ridiculous.

mondocondo
mondocondo

Even this one-transect rezoning is not “by right”, and would have to be approved by the PZAB and the City commissioners. Cheers

BDub
BDub

Graft?

Anonymous
Anonymous

make it 68 floors. Thanks in advance

Cicero
Cicero

Duh.

mondocondo
mondocondo

Interesting that Alta is perpetuating the myth that this area was “downzoned” by Miami 21. Under Miami 21 about twice as much space can be built as what was permitted under the old R-4 zoning. Cheers.

Sea Level Rise?
Sea Level Rise?

8 stories is tall enough. And what about Sea Level Rise? Developers should only build on high ground.

Justin
Justin

Worrying about sea level rise? Wouldn’t that require strategic thinking? Miami doesn’t and never will apply strategic thinking to anything outside of its ability to wash money and self-aggrandize.