Construction Underway At Five Park, Miami Beach’s Tallest Tower Ever

Foundation work is now underway for the 519-foot tall Five Park residential tower in South Beach.

Five Park will become the tallest building ever built in Miami Beach and an “iconic landmark,” developers have said.

A notice of commencement stating that demolition, sitework, and foundation work for the tower was beginning was filed with the county on April 30.

A $345 million construction loan that will fund the project was obtained by the developers from Blackstone and Apollo Global Management in March.

The 48-story tower will include 280 residential units.

A three-acre public park is also under construction by the developer as part of the approval, and will be completed in Summer 2021.

There will also be a pedestrian bridge across 5th Street connecting the park to the baywalk.

Terra Group and Russell Galbut’s GFO Investments are the developers.

Arquitectonica is the architect, with interiors by Gabellini Sheppard.

Completion of the tower is scheduled for 2023.

 

Construction at the park next door:


47 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
1 month ago

Great looking building. Requiring the public park to be completed first was a smart move by the city of Miami Beach.

Anonymous
1 month ago

Shame they didn’t do so for the pedestrian bridge.

Anonymous
1 month ago

Fk a park.. all I wanna see is fineass women in string bikinis!

Anonymous
1 month ago

coomer

Anonymous
1 month ago

No fineass women at the moment.

Anonymous
1 month ago

Admit it, you prefer men…

Anonymous
1 month ago

Because all bitching about construction debris and dust cascading through the park is going to be great.

Anonymous
1 month ago

Miami Beach is pathetic. They should have required David to complete the public park first for 87 Park, but now they just burned millions of dollars in soft cost.

POLO
1 month ago

The views of the Miami skyline from the top floors will be spectacular!

Anonymous
1 month ago

Yeah…the “top floors” meaning anything over the 25th Floor. That is about where the Bentley Bay tops out.
The condominium residences start on the 27th Floor, so all of these residential units will have amazing views…some to the Miami Skyline of skyscrapers while others “only” have an Ocean View.

Anonymous
1 month ago

sniff… damn, I can’t stop crying for those people… sniff…

Anonymous
1 month ago

Keep building taller and taller!

Anonymous
1 month ago

Can’t wait to visit the park!

Anonymous
1 month ago

And do what there?

Anonymous
1 month ago

Stunning tower.
We need more asymmetrical towers like this one this side of the bay.
Too many cigarette boxes….

Anonymous
1 month ago

You’re kidding right? All Architectonica does is curvy and wavy balcony designs like this.

Anonymous
1 month ago

This tower looks nothing like Regalia, Mr. C’s, or Elysee.
I think Arquitectonica makes a lot of exceptional buildings, which is why they continue win big commissions and draw important buildings for over 30 years.

Anonymous
1 month ago

HA.. they “win big commissions.” Dude, Architectonica is as cheap as these developers can hire.

Anonymous
1 month ago

Except their usually boxes with ugly parking garages at their bases. This has curves in the right places.

Anonymous
1 month ago

wow 2023 completion….impressive

Anonymous
1 month ago

they must mean tallest on South Beach because the Blue and Green Diamond twin towers are 559ft

S.k
1 month ago

Hopefully this time they build something. For the past decade, projects have come and go at this location.

Anonymous
1 month ago

Can you think of a Terra Development that has announced and not broken ground?
Maybe there is one, but I can’t think of one.

This project has already had their condo docs approved and they are going straight to contract.

Anonymous
1 month ago

Can’t wait for this beauty!

Anonymous
1 month ago

traffic nighmare

Anonymous
1 month ago

A Beauty… It will transform the whole area..🌴🌴🌴

Anonymous
1 month ago

Love this. Miami Beach winning

Anonymous
1 month ago

The rendering is backwards

Anonymous
1 month ago

has “iconic” changed meaning lately?

Anonymous
1 month ago

The woman looks like she is about to take a dive.

Anonymous
1 month ago

I love all these renderings with the trees and curvy paths. Somehow they never turn out to be this nice.

Anonymous
1 month ago

Doubt the park will be finished in summer 2021, its still a dirt lot.

POLO
1 month ago

I think it was a typo.

Anonymous
1 month ago

I don’t think so. I drove by today and there is playground equipment on the site.
It is pretty easy to turn a “dirt lot” into a park. As it turns out, they have been working on the infrastructure and irrigation for some time now. It will be done by end of summer.

Anonymous
1 month ago

The hardest part was the plumbing and irrigation which was been completed finally with the large water collection tank being installed in the ground as of 2 days ago. The park is scheduled to be completed sometime in July/Aug

Anonymous
1 month ago

it is fairly close to completion

Anonymous
1 month ago

There were only underground and utility work for many months now, the landscaping part is usually the last and fastest thing to do. Currently they are almost done with reconstructing the valet parking for The Floridian building’s and the west avenue East sidewalk but thats it. Thanks god the City required the Park first but they were able to make some progress on the tower side as well which is surprising. Hope the City acts to shut it off and stops granting waivers if they continue delaying…

Anonymous
1 month ago

Not sure iconic landmark and arquitechtonica should go in the same article..

Anonymous
1 month ago

lol…

Anonymous
1 month ago

A “Tower in the park” is not appropriate for one of the most urban neighborhoods in Florida.

Anonymous
1 month ago

They’re catering to the most boring.

Anonymous
1 month ago

how else would we achieve any new park space for south beach? The previous 5 story designs were denied repeatedly, I believe around 6 different times!

Anonymous
1 month ago

You mean, all that beach front to frolic around in ain’t good enough for South Beach?

Anonymous
1 month ago

But it is. Miami Beach is one of the few areas in Dade where parks are well integrated in the walkable urban fabric.

Granted, this one has Alton as a highway dividing it from the rest of the city. That overpass should have been mandatory

Anonymous
1 month ago

I think The Bridge is the solution to this. It seems it connects the park with areas South of 5th.

Anonymous
1 month ago

True. From this park, you can walk all along the bay walk through Miami Beach Marina, to South Pointe Park, to the pier at the end of Gov’t Cut, and then walk north along the beach walk or board walk until you hit Broward County.

Anonymous
1 month ago

The reason the park is a reality is because of the tower.