Aston Martin Residences Developer Proposes $4M Virginia Key Beach Club

The developer of Aston Martin Residences is proposing to build a beach club on Virginia Key.

G and G Business Developments submitted an unsolicited proposal to build on land owned by the City of Miami and managed by the Virginia Key Trust. The project site as at the southeast portion of Virginia Key.

According to the proposal, part of the project would be open to members, and the public will be able to purchase memberships at an unspecified price (buyers at Aston Martin Residences will likely receive free or discounted membership.)

An elevated platform supported by pilings would be built above ground. Two buildings would be constructed on top, including a beach club and a building for dining and event space. Total construction cost is estimated at $4 million.

In exchange for the rights to the land, G and G is proposing to pay rent of $120,000 per year for 30 years.

Miami commissioners have scheduled a discussion item on the matter at their meeting on May 11, which is a requirement before directing the city manager to proceed negotiating the unsolicited proposal.

 

 

 

 

 

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Anonymous
4 years ago

Great idea… Let’s take a public beach and sell it for peanuts to developer of a .01% condo tower. Miami!

Anonymous
4 years ago

pay Rent of $120,000 per year for 30 years… can you read?

marc
4 years ago

Regardless, the city making 3.6 mil over 30 years is ridiculous and to make a public beach private to its citizens is ludicrous.

LongMIA
4 years ago

$120,000 year for that public resource IS peanuts, and $3.6M over 30 years adds insult to injury when you do a net present value analysis

Anonymous
4 years ago

That’s not enough cash, 120k… the guest bathrooms in the Aaron Martin residences will sell for more than that! ? Easily 1,500 – 3k per square foot. We shouldn’t be selling off public park land, that’s why our premiere Bay Front Park is all cut up.

Anonymous
4 years ago

Lol at this guy posting 120k a year like it was a good amount. It’s insulting… make it 1.2MM and we can start talking. Even that seems cheap to me

Anonymous
4 years ago

The HOA will end up paying the lease it so its free money / amenity for the developer, regardless.

Anonymous
4 years ago

welcome to the banana republic!

Anonymous
4 years ago

This idea is so disrespectful.

Anonymous
4 years ago

We will just buy the Black beach!

mike
4 years ago

LET’S HOPE THE CITY HAS THE B@!!s TO STAND UP TO THESE GREEDY BILLIONAIRES. Then again, this is Miami, the land of corrupt politicians.

marc
4 years ago

lol They’re crazy.

GENE
4 years ago

Miami is better than this. This land should be available to all residents and not for a fee. It is our public property not a private piece. Get the glam, fast cars and nice shoes out your heads people and realize that this cannot be allowed to happen.
What’s the matter with our commissioners and you “the people”. Shout it from the rooftops – NO MORE LANDGRABS. This is a criminal idea and should not even be considered.
ATTEND THE MEETING on MAY 11TH AND DEMAND ACCOUNTABILITY FROM YOUR “REPRESENTATIVES”

Yohan Perez
4 years ago

Aston Martin is a fail building. They overpaid by about 4 times what it is worth. $125 Million for an acre of land. Compare that to Gentings $236 Million for 16 acres of prime waterfront land. They will never recoup that money. Some dumb guy made a horrible decision to pay that much. Now they are scrambling to find ways to sell units with a big price tag with gimmicks like this. It will not work. Many buildings tried offsite club membership carrot but it rarely ever works. No one cares. They will go in a big loss with this building if it ever gets built.

Anonymous
4 years ago

Exactly right.

Anonymous
4 years ago

Doubt this will happen being that they are already in the planning stages of turning this area into a park. See link below:

http://www.miamitodaynews.com/2017/05/02/miami-may-kick-start-sports-park-virginia-key-landfill/

Anonymous
4 years ago

Plan has support from board of directors of the Virginia Key Beach Park Trust

Gene
4 years ago

It’s only a good deal for the developer. No one else will benefit. SAY NO, Miami

Anonymous
4 years ago

Bad idea and a dangerous trend if it were to continue where non-beachfront property developers clog the public beaches with “beach clubs” to help market their buildings. Not good.

Polo
4 years ago

NO!!!!

Anonymous
4 years ago

How many preserves do we have along the Miami coast vs beach clubs or similar? No Thank you.

Anonymous
4 years ago

It was an “unsolicited proposal” for a specific portion.. not the entire beach.

If it’s a bad deal, the city will reject it.

Anonymous
4 years ago

Spit my coffee all over screen laughing!

MiamiHurricane
4 years ago

There’s a beach club right across from them. It’s called the Mandarin Oriental. Rich people don’t go in the ocean anyways.

Anonymous
4 years ago

NO.

mondocondo
4 years ago

Silly proposal. Posh condo buyers don’t really want to mix with the “public”. It’s just a scheme by the developer to get a bit of exclusive nearby beach access for next to nothing in order to provide some pizzaz for a poorly conceived project. Cheers.

Anonymous
4 years ago

Project was not approved by the city.

Black Beach
4 years ago

Bad idea. This proposal violates so many rules. Privatizing part of the public black beach?

Anonymous
4 years ago

Tear down the freedom tower and use that land.

Anonymous
4 years ago

lol

Anonymous
4 years ago

“In an unsolicited proposal, G and G Business Developments has offered to build and operate a $4 million beach pavilion on the southeastern shores of Virginia Key Beach Park. The venue, to be built atop an elevated platform, would include an event space and café… Tadd Schwartz, a spokesman for the developer, said the club would be open to the public “year-round.”

Anonymous
4 years ago

Is this particular beach even in use? It may be a good deal

marc
4 years ago

Yes. Very much so.

Anonymous
4 years ago

Ok, I always thought it was more of a mountain bike park.

mike
4 years ago

Regardless if it’s in use or not, we need to preserve nature/green spaces. Miami already has too much concrete as it is!

MiamiHurricane
4 years ago

You sir are not a true Miamian since you clearly never went to Jimbo’s. RIP.