Five Park Set To Become Miami Beach’s Tallest Tower Ever After Developers Obtain $345 Construction Loan

Developers are now preparing to break ground on the tallest tower ever in Miami Beach after they were granted a $345 million construction loan.

Five Park will rise 48 stories, or 519 feet, at the entrance to South Beach. That is taller than any other building in the city of Miami Beach, developers said.

The project will include 280 residential units.

“Five Park will be an iconic landmark for Miami Beach and we look forward to revealing more details about the project and advancing on construction over the coming months,” said Russell Galbut, Chairman of developer GFO Investments.

Terra is a co-developer of the project, together with GFO.

The project also includes three-acre public park, which broke ground in July 2020. The park will include native shade trees, pedestrian and bike paths, an outdoor gym and dog run, a children’s playground, and public art displays.

Completion of the park is scheduled for summer 2021.

A third phase will include a pedestrian bridge crossing over 5th Street, designed by artist Daniel Buren. The bridge will connect the park to the baywalk, South Pointe Park, and the beachfront.

Construction on the pedestrian bridge is expected to begin in 2022.

The construction loan for the tower was issued by Blackstone and Apollo Global Management. It is the largest residential construction loan to be funded in the Miami area since the pandemic took hold.

Completion of the tower is scheduled for 2023.

Arquitectonica is the architect, with interiors by Gabellini Sheppard.

 

Newly released renderings of the project:

111 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
29 days ago

The bridge will create immense value as it relates to quality of life in connecting 2 parks, cannot wait!!

POLO
29 days ago

Yes, avoiding that busy (and dangerous) intersection will do wonder for cyclists, joggers, and pedestrians.

Anonymous
29 days ago

Or bulges

Anonymous
29 days ago

F..k the parks.. all I wanna see on Miami Beach is big booties in string bikinis!

Anonymous
29 days ago

I’ll take all of the above!

Anonymous
29 days ago

You’re a perfect example of why South Beach is in the predicament it’s in. I feel the pain of all the investors and businesses. The one that really matter will soon close up shop. I don’t blame them.

Anonymous
29 days ago

Correction: The “ones”.

Anonymous
29 days ago

Did you also feel the “pain of all the investors and businesses” the Miami Herald reported some two, three, or four years ago on South Beach when they closed up?

Anonymous
29 days ago

and big dongs too

Anonymous
29 days ago

Nasty boy. Tiddies and legs are better.

Anonymous
29 days ago

Big dongs squirt better

Anonymous
29 days ago

I remember when South Beach used to have thousands of visitors for Gay Winter Proud Week, White Party Week , Art Basel, Latin American Fashion Week … and the crime was low or non existent

😡😡😡so a large crowd or big multitude is NOT a excuse for the nasty violence and public exposure of drugs, destruction of property and half naked people that we are seeing lately… on full display on the media
🐘 🐘 🐘

So when the conversation about the Elephant on the living room is going to start ?

Anonymous
29 days ago

When the San Francisco-tier politicians are voted out who would rather complain about building heights and no bike lanes rather than infrastructure improvements and cleaning up.

Anonymous
29 days ago

“Gays”

lol….

Anonymous
29 days ago

is there a problem with that?

Anonymous
29 days ago

The Bible says there is.

Mr. Miami
28 days ago

I quit reading fairy tales when I turned 21

Anonymous
28 days ago

Enjoy your same sex marriage then. The Bible says you are both an “abomination.”

Anonymous
25 days ago

The bible is a book written by neanderthals thousands of years ago. Only pathetic, needy people need a book.

Anonymous
29 days ago

As long as the narrative is racism, hatred and empowering the criminals, this will be the result. This is only the beginning. All you guys who voted Democrat.
Enjoy your day

Anonymous
29 days ago

… and then the disgruntled Republican storms off with a military assault rifle slung across his back.

Mr. Miami
28 days ago

…… No he’s back to pop a couple of caps in my ass!

Anonymous
28 days ago

“…… No he’s back to pop a couple of caps in my ass!”

If you’re black or asian, you better quickly hide somewhere then…

Anonymous
28 days ago

These types of comments have got to be an algorithm paid for by Trump & Fox news…
So robotic and typical in a chat.
Have you guys ever heard of Jim Jones and his cult? That’s what you sound like.

Anonymous
28 days ago

They will always be half naked on the beach or any place where it’s as hot and humid…

Anonymous
28 days ago

Until Miami Beach decides to implement other amenities besides restaurants and shopping, people who visit or live here are always going to be restless or just people watch. Where is the skate park? The basketball courts?… ACTIVITIES!!! GET EM. Otherwise the beach is simply a facade waiting for restless to happen.

Anonymous
28 days ago

It never happened like this until the Urban Weekend started on the early 2000’s
Before there was the same restaurants and bars!!!

Anonymous
28 days ago

Please… during the cocaine wars, Miami Beach was a shooting range and a coke snorter’s paradise.

Anonymous
29 days ago

Perfect Project for that location. Amazing Highrise and Park.

Anonymous
29 days ago

this is an amazing project. been waiting for years

Anonymous
29 days ago

BEAUT. Big FU to all the haters!

GFO = GO FUCK OFF

Azarius
29 days ago

This is a really transformative project for the entrance to Miami Beach, and the public. Really can’t wait to see the finished product of the park especially!

Anonymous
29 days ago

this years events at spring break have left a bad image of the beach…it may be a tough sell….

Anonymous
29 days ago

The beach will be fine

Anonymous
29 days ago

Yeah, sort of like the bad image that storming mob left for the Capitol Building in D.C.

Anonymous
29 days ago

yalled looted bayside

Anonymous
29 days ago

Who are the “yalled?”

Anonymous
28 days ago

you

Anonymous
28 days ago

Well everybody isn’t interested in storming the Capitol building in DC and pi$$ing everywhere and leaving $hit all over the place like you.

Anonymous
28 days ago

“yalled?” Did you come from Alabama with a banjo on your knee?

Anonymous
29 days ago

Or the destruction of cities all around America by the “peaceful protesters “ of Antifa and BLM

Anonymous
29 days ago

Name the cities that so-called Antifa (anti-facist) destroyed in this country?

Anonymous
29 days ago

Portland, Kenosha, Saint Louis, Minneapolis to
mention some …. costing 2 billions dollars of taxpayer to pay for damages and 30 people death, including a retired policeman that was protecting his friend business from the “ Peaceful Mob”

I yes I watch CNN and I see the burning places in the background of the journalist saying “ it’s just a peaceful protest”

And yes I condemn the incident in Capitol Hill as much as the violent of the extreme left !!
P.S
I won’t waist time arguing with a college snowflake or a Social Justice Warrior … their mind is already setup !! 🤗🤗🤗🤗🤗🤣

Anonymous
29 days ago

Of course, you use social justice warrior or “snowflake”. All Republicans use that term. Grow a pair of legs, walk out the door, and never come back. The country has always been backhanded. On occasions with BLM protestors in DC, guards blocked the capitol. However, on the day during a trump rally, when trump knowing well his supporters are wild monkeys, told them to go march at the capital for freedom, who was there? NOBODY LOL. Of course, the people fighting for police brutality get the shaft, but the people who believe in satan worshipping baby-eating pedophiles in our country? Nothing. They did domestic terrorism. It’s simple and sweet! Nobody is promoting the people who take advantage of the BLM movement by looting either. But comparing the two and acting like one is any better is amusing. Think of it like this. If democrats stormed into the capital, tried to kill congresswomen and men, broke windows, tried to kill people, etc… You would be having a mental breakdown.

Anonymous
28 days ago

Nancy Pelosi and the Washington DC major are in charge of the police protecting Capitol Hill… how convenient let the “Trump monkeys” with the infiltration of some guys from Antifa( we saw that on video ) to go further and do the horrendous things they did ( not justifiable)
If something a Democrat now how to profit is a tragedy… that’s why we still had the National Guard protecting the senile puppet and the Capitol Hill 😂

Anonymous
28 days ago

You, my friend have drank the kool-aid! Lol. Go find a island somewhere south and preach that B.S.

Anonymous
29 days ago

Very well said.
They won’t listen.
They’re all following toxic lies fabrication from the mainstream media and slowly destroying the country

Anonymous
29 days ago

Why should anyone listen when rioters at the Capitol Building in DC left four people dead?

You rightwingers need to stop it with your equations.

Anonymous
29 days ago

I’m not doing equations! I pointed in my comment I disapprove any act of violence !! Right or left !! Equations is like saying 2 wrongs make a right !! So before comment read well !!! I guess nowadays in college it’s White privilege trying to teach proper grammar and learn to read full sentences and paragraphs!! 🤓🤓🤓🤗🤗🤗🤗

Anonymous
28 days ago

“I guess nowadays in college it’s White privilege trying to teach proper grammar and learn to read full sentences and paragraphs”

Dude, I don’t know what country you’re from but stop trying to argue politics with someone who can trace their lineage back at least seven hundred years in this country.

Anonymous
28 days ago

700 years take us back to 1300’s unless you’re Native American your full of it if had flunk math and history!! 😂😛😂😂

Anonymous
28 days ago

I am part native American.. I have Seminole and Cherokee blood in me.

Anonymous
28 days ago

These types of comments have got to be an algorithm paid for by Trump & Fox news…
So robotic and typical in a chat.
Have you guys ever heard of Jim Jones and his cult? That’s what you sound like.

Anonymous
28 days ago

Yeah —again. This doesn’t make any sense. Algorithm talk.

Anonymous
28 days ago

These types of comments have got to be an algorithm paid for by Trump & Fox news…
So robotic and typical in a chat.

Anonymous
29 days ago

The rioters don’t appear to be college students. Most residential universities are restricting travel this year and have eliminated Spring Break. They started later after winter holidays and are going straight through til end-of-term. My college age daughter was only reluctantly granted leave to travel for a friend’s funeral, with a significant quarantine upon return to campus.

Anonymous
23 days ago

These people are visitors, not residents of Miami Beach. Hopefully they wouldn’t be welcomed To visit.

Anonymous
29 days ago

i would like to see the miami beach skyline improved on the area surrounding the 5 st entrance. i would n’t want to see skyscrapers but i would like to see better designed buildings. there are so many eyesores in that area and they have the best location with great views of biscayne bay, port of miami and downtown miami. i hope they bulldoze these buildings and build something better

Anonymous
29 days ago

Has the park been named yet?

Anonymous
29 days ago

Of course… The Galbut Family Park !! 😉 😉 lmao

Anonymous
29 days ago

If my dog can’t $hit, pi$$, and run around and catch a frisbee in that park, then it’s a waste of time.

Anonymous
29 days ago

I know what the G in GFO stands for… but what about the FO !!?? Bwaaaahahaaaaa

Anonymous
29 days ago

Go F OFF

Anonymous
29 days ago

Who wants to make poopoo caca

Anonymous
29 days ago

Okay start piling work now and make sure to close the 5th street exit and entrance when the park bridge goes up.

Anonymous
29 days ago

South beach needs more towers

Anonymous
29 days ago

Why?

Anonymous
29 days ago

Because parks on a beach is for boring people.

Anonymous
29 days ago

Tower living is for douchebags

Anonymous
29 days ago

Move to Ohio and spend weekends watching the Walmart truck get unloaded. That’s your ideal of a thrill.

Anonymous
28 days ago

I don’t watch Walmart trucks getting unloaded nor am I not interested like you are in spending my time on Miami Beach watching a kid flying a kite and feeding the squirrels in the park.

Anonymous
29 days ago

You are boring people

Anonymous
29 days ago

And you wanna go to another park that’s on the beach so you can sit on a bench and feed the pigeons.

Anonymous
29 days ago

How will this be the tallest building in Miami Beach? Blue and Green Diamond are 559 ft vs this tower’s 519 ft.

Anonymous
29 days ago

it will be the tallest on that plot of land

Anonymous
29 days ago

“That is taller than any other building in the city of Miami Beach, developers said.”

Anonymous
29 days ago

They’re talking South Beach

Anonymous
28 days ago

The article we’re commenting on still says “Miami Beach’s Tallest Tower Ever”, not South Beach. If they were talking about South Beach, shouldn’t they say, “South Beach’s Tallest Tower Ever”, and not “…in the city of Miami Beach”?

Build a 25 story tower in Allapattah and say it’s the tallest in Miami?

Dan
29 days ago

because Blue and Green Diamond aren’t in the city of Miami Beach

Anonymous
28 days ago

Blue and Green Diamond are absolutely within the city of Miami Beach.

Yet Another Anonymous
29 days ago

There is an error, blue and green diamond are more like 500′ and the white diamond Akoya building in North Beach is also only 500′

Realtalk Reilly
29 days ago

What!?! 519 feet?? That is too high! I thought they agreed to lower it, what happened to that?? I guess the right amount of money went into the right pockets and the concerns were forgotten.

With the concerns being, that tall of a building in that particular location will literally block out the sun and cast a huge shadow that in late afternoon will extend all the way to the beach itself.

I like the park design and don’t mind a building being there, but they should not have allowed it to be much taller than the hospital that was there before. 519 feet at that spot is obscene. Completely out of scale. It is going to be literally a looming monstrosity that blocks out too much of the sky.

Bad decision by the city planners to approve this height.

And screw all you dipsh*ts on this site who would like Miami Beach to look like Hong Kong for some reason. The supertall towers are fine over in Miami. If you want to see them everywhere you look, it’s because you have a tall tower fetish due to you and/or your husband having a tiny dick. That’s science, you could look it up.

Anonymous
29 days ago

Honey my husband’s pole is very nicely endowed.

Realtalk Reilly
23 days ago

Doubt it.

Anonymous
29 days ago

“What!? 519 feet?? That is too high! I thought they agreed to lower it, what happened to that??”

Really, you’re that upset over a building’s height?

I wish my life was that boring.

Realtalk Reilly
23 days ago

Yeah, it bothers me because I live in Miami Beach and that building is going to looming over all of us like impending doom. Meanwhile your life is so exciting that you get bothered by comments under articles on obscure websites that nobody even reads. Ha!

Anonymous
22 days ago

“and that building is going to looming over all of us like impending doom?”

Man, i wish my life was so ridiculosly simple that that was all I had to worry about…

Anonymous
25 days ago

It’s just too bad that South Beach is more like the South Bronx.

Duh
29 days ago

Not gonna get much of a building for only $345. (According to title)

Anonymous
26 days ago

I dig the tower n the views if i was on the top floor i went to south beach in 2019 why put this right there that area was cluttered enough…port of Miami got enough traffic …but the highrise life is dope…

Anonymous
29 days ago

i like terra group

Anonymous
29 days ago

For those of us living in one of their buildings, it’s the Terror Group. Really.

Anonymous
29 days ago

SEA LEVEL RISE STOPPED?

Anonymous
29 days ago

Go back on your meds

Anonymous
29 days ago

Ask Barack. You can find him at sea-level on Martha’s Vineyard.

Anonymous
29 days ago

😂😂🤣😂😂

Anonymous
29 days ago

Trump is right now driving around South Florida checking out strip joints in his search for stormy Daniels.

Anonymous
29 days ago

Barrack is at Martha’s Vineyard while Trump is somewhere in Wa DC watching his goose step marching rightwing nazi party.

Anonymous
29 days ago

Yes! Trump is anything you want !!😂😂😂 But the point here is the DOBLE STANDARD of talking all the time about Global Warming and rising tides WHILE buying multimillion houses by the sea and going everywhere in private jets !! 🤗🤗🤗🤗😡

Anonymous
28 days ago

Like Trump with his usual double standards. He was so adamant about not wearing a mask and then after coming down with the corona virus himself, we saw him wearing a mask in public.

Anonymous
28 days ago

We are going to be under water. They have options.

Anonymous
29 days ago

Could have been a 300 foot tower with a transit hub including light rail. Residents got shafted in the end.

Anonymous
29 days ago

Shut the fuck up!

Anonymous
29 days ago

The target market for this cares about their 911s and E-classes. Transit is for their cleaning ladies and the six geektards on this site that spam every thread with transit bs.

Anonymous
29 days ago

Yawn!

Anonymous
29 days ago

Belch!

Anonymous
29 days ago

For the tower, yes. For the surroundings no.

Anonymous
29 days ago

Ooooh yes
A high tower

Anonymous
28 days ago

Being a hub for transit is not the responsibility of the developer, that’s the city responsibility. With this project we get a park and a pedestrian bridge so I think the only person getting staffed is you! Right up the ass!

Anonymous
23 days ago

911 and E Class are much more Bay Point.
This is Range Rover territory! Got to love the hype = Range Roverville