Deauville Resort on Collins Avenue in North Beach, Miami Beach. The iconic resort is scheduled for demolition on November 13th.
miami beach Residents rejected three proposals for large-scale developments on Tuesday, a blow to a high-profile developer who wanted to capitalize on demand for offices and luxury condominiums in the city.
The project that received the most attention in the vote was Related costume. Chairman Stephen RossHe proposed building a luxury two-tower condominium project on the grounds of the iconic and convicted Deauville Resort, designed by architect Frank Gehry.
Miami Beach voters rejected the bill by a margin of 53% to 47%, but Ross poured about $1.9 million into the Political Action Committee in support of the project and even received support from Mayor Dan Gelber. . Real Deal reported.
like the building next door Collins Avenue deemed Deauville unsafe and ordered its demolition scheduled for November 13th. Ross touted a 50 percent increase in density on the three-acre site, he reported, TRD.
130K sci-fi office project off Lincoln Road proposed by Miami-based venture Integra InvestmentsStarwood Capital Group and Comlas Inc. were also voted against by about 53 percent of Miami Beach voters.
The developer agreed to redevelop the city-owned parking lot at 1668 Lenox Avenue and 1080 Lincoln Lane North, paying the city approximately $220 million for a 99-year lease.
Voters also shot down Peebles Corporation’s hopes of building a project at 1664 Meridian Avenue with 80,000 SFs of office space, 46 apartments and about 10,000 SFs of retail. Project approved.
In an emailed statement to Bissnowhe believes was rejected because it was on the same ballot as the Deauville and Starwood projects.
“Two votes Development of Lincoln Lane The question and the Deauville Hotel FAR increase are essentially the same, indicating that voters have grouped them together,” Peebles said. “Our projects were very different, so it wasn’t good for us.”
Peebles said he could tweak the project and roll it back when it seemed more likely that Miami Beach voters would approve.
“We will work with the City to consider making some adjustments to our proposal and consider presenting it to voters again without such a crowded and controversial group of ballot questions. “That way, voters will have an opportunity to focus on the many public interests of our proposals.”
City voters approved two ballot measures that included raising the cost of development in the South of Fifth district and allowing property owners who convert short-term rental properties to residential units to access additional development rights .
On the other side of Biscayne Bay, Miami voters overwhelmingly approved a proposed redevelopment of the James L. Knight Convention Center. This brings Miami developer Gencom and hotel giant Hyatt together to create 1,500 apartments, a new 615-room hotel with 264 apartments, a new 190K SF convention center and 12K retail stores. SCIENCE FICTION, Reported by TRD.
Jarred Schenke contributed the report for this article.