Crescent Heights is preparing a Special Area Plan in Edgewater under the Miami 21 zoning code, according to the Herald.
The developer is planning a “whole community” that will include “a little bit of everything,” Russell Galbut told the paper.
Galbut confirmed that he is in contract to buy several Edgewater properties owned by The Village, a rehab facility which will have three years to vacate the property. The contract includes several properties, including 3180 Biscayne Boulevard.
He doesn’t expect the development to happen “this cycle,” but said that he doesn’t think anything is growing faster than the Brickell to Edgewater area.
If combined with Crescent Height’s 4.6-acre holdings at 3000 Biscayne, the developer’s holdings will be close to the 9-acre Special Area Plan threshold, and would span both sides of Biscayne Boulevard.