Crescent Heights Builds Surface Parking Lot At 500 Alton (Photo)

Instead of building a residential and commercial complex at 500 Alton Road, developer Crescent heights has built a parking lot there.

Earlier this year, the developer obtained Planning Board approval to operate the surface parking lot 24 hours a day.

 

proposed earlier:

 

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Unhappy
6 years ago

Congratulations to all the NIMBYs in Miami Beach who feared some morning shade in their pool! We now end up with a nasty lot, which is NOT going anywhere any time soon and two disgusting blocks which will continue to cripple the values of neighboring properties. I would not be surprised if Crescent Heights ends up flipping the site, as did every developer who ever tried to do something with it. This site, the Convention Center drama, any building remotely visible on Collins, Lincoln or Ocean Drive… Sad to see that Miami Beach really lost its boldness and ability to reinvent itself as a world class destination. Hopefully Miami and Sunny Isles still have it….for now.

Yet Another Anonymous
6 years ago

Remember back when they were proposing a dense tower which left footprint for a public park? Even though this isn’t waterfront its over in that corner where several high rises are I think they should have made an exception to the cap.

Anonymous
6 years ago

The ultimate middle finger to MB!

MrDreTheOne
6 years ago

Shame on Crescent Heights for pulling a Genting and keeping this prominent lot an eyesore year after year.

Anonymous
6 years ago

I believe they will do something with it in the future I think they are pretty smart for doing this.Think about it, if you own the property and havent decided what you want to do with it yet why not pave a cheap parking lot and charge to park on it until you build on it? Some developers havent built anything on properties they own in over 10 years! If you bulid a cheap parking lot and collect for 10 years until you have everything final you can make money while you wait. It doesnt cost much of anything to tear it up and start building on it when your ready.This way your making money and at least its not a fenced in piece of land with dirt and over grown grass for the next few years.

Anonymous
6 years ago

Haven’t decided what they want to do with it? Everything they come up with gets denied because it’s too this or too that.

Anonymous
6 years ago

“To this or that”? They asked for 50+ stories on a site where zoning caps it at 7.

Anonymous
6 years ago

People are surprised by this? The same guys that run Crescent also control the towing and parking monopolies on Miami Beach… they’ll just run their side businesses on this lot while pushing the city for a density increase to alleviate the ‘eye sore’.

Anonymous
6 years ago

Russel Galbut does own part of Beach Towing (not sure if he also owns part of Beach Towing) but I don’t think (and definitely don’t hope) that this lot is zoned as a tow lot. If it is, this eye sore is not going anywhere as these companies are $100K+ per week cash cows and everyone loses on this big time. The height of the proposed tower should have been negotiated down but not completely killed day one out of political correctness. It came with a massive public park and a sophisticate pumping system. The city could really have saved the money currently being spent on West Ave as we are still millions of dollars away from being flood-safe. The Wave proposal makes zero sense. Any lot surrounded by a high-traffic overpass cannot be a successful development in its first 3/4 stories, except for retail which is not needed in the area. Portofino and other SoFi developments were completely out of scale when they were built and today they have become the number one icons of South Beach.

pinchas
6 years ago

am i the only one offended by a headline? “builds a parking lot” LOL

Anonymous
6 years ago

..and that my friends signifies the top of the local market.

Anonymous
6 years ago

Hopefully they split up the lots. Smaller, organic growth is better than large mega projects.

Smarka
6 years ago

We need a pause in all the construction for the health of the market. Whatever the reason is, we need less product coming to market in the next 3 years.

Anonymous
6 years ago

“We need a pause in all the construction for the health of the market. Whatever the reason is”

When you figure out what the “reason is” you wrote something that confused even YOU, can you please let us know.