Twin 400-Foot Condo Towers Proposed In South Of Fifth

A developer wants to build a twin-tower project at the Miami Beach Marina, according to the Herald.

Four Seasons Surfside developer Fort Capital is proposing to pay the city $100 million for the development rights. In exchange, they would be granted air rights to build two 400-foot condo towers.

A total of 250 units are proposed. The waterfront units would command a high price in what is already among the most expensive neighborhoods in Miami, South of Fifth.

Also included in the redevelopment would be a one-acre park, 700 underground parking spaces, and restaurant space.

A voter referendum would be required, and lobbyists for the developer are pushing to get it on the November ballot. The funds would be used for the city’s proposed light rail system, which could help it pass.

 

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Anonymous
5 years ago

How about 700 acre park and 1 parking space.

Ashton Coleman
5 years ago

I recognize the image – thanks for the credit!

Anonymous
5 years ago

700 parking spaces? Clearly they do not believe in mass transit and the $100 million is a token amount to get their way. Wouldn’t be surprised if there was some sort of TIF going on with that figure too.

Anonymous
5 years ago

Where exactly would this go???

Anonymous
5 years ago

Heck no! Nevermind the towers next door that have fewer than 10% of lights on at night, Miami Beach does not need this gross over development.

Anonymous
5 years ago

700 underground parking spaces and a 1 acre park. Should be interesting.

Anonymous
5 years ago

I was hoping for about 1000 underground parking spaces. We need more places to park.

Anonymous
5 years ago

we need more mass transit, less parking. less high-rises. keep the high rises in downtown miami where they have the infrastructure.

Anonymous
5 years ago

I’m voting against that. The city is committed already to building light rail so they will get the money regardless. Maybe if they buried the parking at south point park and put a park on top of that, I might consider, but the area doesn’t need any more high rises.

dbz123
5 years ago

Why? All of these super expensive developments generate tons of money for the City of Miami Beach! Money that can be used to raise, streets, fight rising water, provide public transportation. So what if nobody is living there? They are not using electricity, water, etc but paying taxes! If the city is smart they could and should use that money to better the city.