Crescent Heights Plans To Develop Project At Staples Biscayne Boulevard Site In Edgewater Once Lease Ends

Crescent Heights has purchased the Staples property on Biscayne Boulevard in Edgewater.

Company co-founder Russell Galbut told the SFBJ that they will develop a project on the site once the Staples lease end, saying that the developer is a long-term player.

Staples has four years left on the lease, with an additional 10 year option.

Crescent Height was among multiple bidders for the property, and paid $14 million.

Up to 150 units per acre can be built on the 43,427-square-foot site.

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Anonymous
1 year ago

Yeah.. Looooong-term project. 14 yrs. away at best.

Anonymous
1 year ago

It could make sense to buy back the renewal option or even the remaining years of the lease depending on market conditions. There’s a lot of ground floor retail space available in Midtown, for example, where Staples could move.

Anonymouse
1 year ago

Looks like Mr Galbut has a pretty full plate on his hands,all the properties he owns in South Florida and all the plans, with not much motion.Would not be surprised if it turned into Manaland II.I wish all his projects best of luck ,would be great to see them all become a reality.

Anonymous
1 year ago

He loves to build parking – he should have lots of fans on this site.

Anonymous
1 year ago

The question is, will it be a stunner like the South Beach proposal, or a pile of crap like the School Board one a few blocks away?

ricky ricardo
1 year ago

crescent heights plans….. almost as bad as “moishe mana plans…” these days

Anonymous
1 year ago

People still shop at Staples?

Anonymous
1 year ago

Good

Another loss for Edgewater
1 year ago

Russell Galbut is installing illegal LED billboards near Lincoln Road. The dude has zero taste.

Anonymous
1 year ago

I hope they go broke 3 years before the lease ends and move out

Anonymous
1 year ago

I hope the Staples manager didn’t buy a house. LMAO

Anonymous
1 year ago

Why? They should just put the staples in the bottom of the tower

Anonymous
1 year ago

with all the office space in Edgwater, they need to shop at staples.

Anonymous
1 year ago

what offices in Edgewater lol

Anonymous
1 year ago

he / she is going to buy a place at the new Elysse tower

Shawn Kouri
1 year ago

Can this be a 38-story mass market, family oriented condominium tower with 1, 2, and 3-bedroom units on the lower floors with 2-story 4, 5, and 6-bedroom units on its upper floors up to 4,300 square feet. Ken the amenities include a fitness center, convenience store deli, playroom, game room, arcade, daycare, a Community pool deck with a large family friendly pool with big rock structure with cascading waterfalls and waterslide and a hot tub on top with another hot tub on the pool deck level? and can it have an indoor basketball court, outdoor basketball court, outdoor playground, tennis court, volleyball court and picnic area. Can it be a fully solar powered tower.

Anonymous
1 year ago

Yes. Can you afford?

Anonymous
1 year ago

You sure do have big dreams on somebody else’s dime.

Anonymous
1 year ago

You think that big dreams on someone else’s dime , try watching the next debate.

Anonymous
1 year ago

go ahead.. build it! nobody will stop you.

Anonymous
1 year ago

Shit lmaoo Go right ahead and build that! make it happen lmaoo

Anonymous
1 year ago

what about the wine cellar?