Developer Proposes Mixed-Use Parking Garage In South Beach

A developer has submitted an unsolicited proposal to replace a municipal parking lot in South Beach with a mixed-use structure.

Location Ventures, LLC is proposing to build a project at 1262 Collins Avenue with the following:

  • 169 parking spaces
  • 8,167 square feet of ground floor retail
  • 8,524 square feet of Class A office space

The maximum height of the new garage will be 75 feet. Borges is the architect.

Currently, there is a 60-space parking lot on the site bringing in average annual revenue of $380,729.50 to the city.

Location Ventures is asking for a 99-year lease on the land in order to build the project.

The City of Miami Beach Finance and Economic Resiliency Committee is scheduled to discuss the proposal at a meeting today.

In a memo, the City Manager said she thinks if there is to be a development, it should be done through a competitive bidding process.

 

Several different design options have been presented:

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No cronyism
6 months ago

It is City land. The ground lease and development project MUST, “not should, go through a competitive bid process to ensure the most revenue on the ground lease to City with the most public benefit of the development.

Pickles
6 months ago

Hideous exterior.

Anonymous
6 months ago

I’d take it over assorted sheet metal or eyesore excuse of a mural. However, just a parking garage with some retail at the bottom on prime real estate? No thanks.

Zonked
5 months ago

Agree. Why not go for something more traditional to fit the surrounding buildings?

Anonymous
6 months ago

Less parking, more rail. More parking = more cars. Simple induced demand logic.

Anonymous
6 months ago

“Induced” demand. “Induced” = “forced”
True demand = freedom and free choice of driving preferences.

Anonymous
6 months ago

Okay, so when the roads fall apart from more cars and the govertment a

Anonymous
6 months ago

…the government asks for more money to rebuild them, remind me the freedom about transportation choices.

Anonymous
6 months ago

when your little train operates in the red year after year and the government asks for more money to keep it running, remind me about the freedom of transportation choices. (you made that too easy)

Nah
6 months ago

Another driver who thinks they’re the only one whose chosen mode of transportation isn’t subsidized (cars are the single most subsidized and create the most externalities per capita)

Anonymous
6 months ago

$380K per year divided by 365 days equals just over $1K per day. In a city that doesn’t have parking spaces, this value is ridiculous. Well managed, that revenue could be ten times more.

Pi$$ed Off
6 months ago

you want $50 per day per car ?

Local
6 months ago

Rooftop needs to be a public elevated park. Win win for all

Anonymous
6 months ago

not really. City’s goal should be to maximize the most amount of revenue from the lease. THis place is steps away from the beach. They should focus on the highest dollar value as that revenue should benefit the city more

Anonymous
6 months ago

Haha.. another “park nut.”

Delusional
6 months ago

Win win for all??
You have no idea what you are talking about.
You would have to have public easements for ingress/egress to the rooftop. It would destroy the building, and taxpayers would have to maintain the physical infrastructure to provide the ingress/egress. The rent rate on the ground lease would be minimized, and I doubt you would even find a developer for the ground lease. It gave me a good laugh tough. Thanks

Anonymous
6 months ago

It’s two blocks away from the beach. What would it offer that the beach or Flamingo Park don’t apart from a homeless bathroom?

Anonymous
6 months ago

a rooftop at least

ace
6 months ago

design looks ancient something from the 70s or early 80s

Anonymous
6 months ago

They could have gone with a more futuristic design

Anonymous
6 months ago

Lipstick on a pig Miami Beach logic. Ooh it’s a parking garage, but it looks soo futuristic!

Nah
6 months ago

No, garages from the 70s and 80s look cool.

Yes
6 months ago

Go for it

MEAN MACHINE
6 months ago

So, Location Ventures, LLC came to the city with an unsolicited proposal to replace a municipal parking lot in South Beach and then the City Manager said she thinks “if there is to be a development, it should be done through a competitive bidding process.”

No one thought about doing anything about the parking situation in this area but when “Location Ventures, LLC” comes along with a plan, then the Miami Beach city manager say’s whatever is built, it should be done through a competitive bidding process?

Its time to grease somebody’s pockets folks!

Anonymous
6 months ago

“She,” duh!

Covid19
6 months ago

Miami Beach needs to find a parking garage and develop it into a future metro rail station ASAP

Anonymous
6 months ago

Look, research on the internet how the residents of Miami Beach voted on the Metrorail in that city. They said NO, they don’t want it over there because it’s too big and bulky they said.. plus its noisy.

Anonymous
6 months ago

When did they vote? Citation?

Anonymous
6 months ago

“Residents of Miami Beach,” meaning some NIMBYs mainly from north of the Tatum Waterway who also complain every time it floods when it rains, but opposed replacing aging drainage infrastructure. It makes you wonder why people think the Metromover would be any better when it’s still flyovers, cannot pay for itself because it’s free (also meaning free homeless rides), and offers little capacity to serve as adequate transit. Residents also were against a streetcar, so…

Subway, not the sandwich
6 months ago

Subway system is the way to go

Jason Allman
6 months ago

I agree that we need more rail. I have been in this county over 40 years. I do not see us adding any new rail line in the next 40 years. Hope I am wrong. Good luck.

Evan
6 months ago

Honestly I wish we had more random mixed use parking garages with a nice aesthetic design scattered around, so we could have sleeker looking high rises instead of all these towers having ugly pedestal parking. Of course it would be nice to just reduce parking in general and have better mass transit, butttt we know that aint happening anytime soon

Anonymous
6 months ago

Joe Corolla cooming.

Carlos
6 months ago

they need a garage south of fifth to serve that area, and particularly south pointe. finding parking there is almost impossible.

Anonymous
6 months ago

Park at 5 and Alton and walk. It’s not far.

M m
6 months ago

Driving around south beach is an absolute nightmare already.

Marilu
6 months ago

Bldg looks like your typical government bldg. Hideous, eyesore! Not to mention the horrible traffic this project will create. This corner is already saturated with cars as is.

Not Anonymous
6 months ago

If I didn’t know it was a parking lot, I’d think it was another convention center. Decent design

Tony Baloney
6 months ago

Go ahead – put the site out to Bid. But realize, that the future use of the site NEEDS to create equivalent or more income than it currently does for the city, and the beach NEEDS parking. So unless a developer proposes a residential property or hotel where a % of sales/annual rent goes to the city, the only use for this site is parking + retail. I can’t see how another developer can propose a better use that works for everyone but also makes the city money. Maybe the design could use some changes but thats it

Anon
6 months ago

169 is not enough. just a few more than current. Not much benefit at all.

Yomomma
6 months ago

Should be an office building

CEC
6 months ago

The City of Miami Beach should sell the land and all the other land it owns except facilities directed related to governing the city. This not only applies to Miami Beach, but to all cities. Governments should not be in the real estate business or any other business. Businesses should be in the private sector and governments should stick to governing.

Anonymous
6 months ago

Tell that MDC and the School Board downtown.

Anonymous
6 months ago

to*

Subway, not the sandwich
6 months ago

Oh wow 169 cars, so many! 😐

ParkingHater
6 months ago

Yes, I hate parking. But mixed use with office space is definitely better than just straight parking garages. Hopefully it will have some covered bike parking room as well

Anonymous
6 months ago

Hopefully it’ll have air taxi landings, too. While we’re at it, an office or residential building on top…

nonmous
6 months ago

“I hate parking.. ” but “hopefully it will have some covered bike parking”

(scratching my head) Uh, what?

The smart developer
6 months ago

Why not add townhomes in the facades? Seems like a wasted opportunity. Especially with the housing crisis we have right now.