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:


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Anonymous
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months ago

coomer

Anonymous
5 months ago

No fineass women at the moment.

Anonymous
5 months ago

Admit it, you prefer men…

Anonymous
5 months ago

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

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months ago

Keep building taller and taller!

Anonymous
5 months ago

Can’t wait to visit the park!

Anonymous
5 months ago

And do what there?

Anonymous
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months ago

wow 2023 completion….impressive

Anonymous
5 months ago

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

S.k
5 months ago

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

Anonymous
5 months 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
5 months ago

Can’t wait for this beauty!

Anonymous
5 months ago

traffic nighmare

Anonymous
5 months ago

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

Anonymous
5 months ago

Love this. Miami Beach winning

Anonymous
5 months ago

The rendering is backwards

Anonymous
5 months ago

has “iconic” changed meaning lately?

Anonymous
5 months ago

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

Anonymous
5 months ago

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

Anonymous
5 months ago

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

POLO
5 months ago

I think it was a typo.

Anonymous
5 months 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
5 months 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
5 months ago

it is fairly close to completion

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months ago

lol…

Anonymous
5 months ago

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

Anonymous
5 months ago

They’re catering to the most boring.

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months 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
5 months ago

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

Anonymous
5 months 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
5 months ago

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