Crescent Heights retail project up for review in Miami Beach

Under proposal, buildings constructed between 1926 and 1940 would be razed

TRD MIAMI /
Oct.October 06, 2014 09:45 AM

Companies tied to developer Crescent Heights and Wells Fargo Bank want to raze Miami Beach retail buildings originally constructed between 1926 and 1940 to make way for a five-story project on the corner of Alton and Lincoln roads.

The city’s Design Review Board is slated to review the proposal for 1212 Lincoln Road during Tuesday’s meeting. Coral Gables architecture firm Perkins + Will designed the project, which would include 83,484 square feet of commercial space – including a new Wells Fargo branch – and three levels of parking.

To build it, the Crescent companies and Wells must demolish 23,897 square feet of retail between 1614 and 1624 Alton Road.

The site includes 1620 Alton Road, a 4,800-square-foot retail structure built in 1926. The building housed the Electric Bicycle Store and a beauty salon until a damaging fire two years ago. Buildings at 1614, 1616 and 1624 Alton Road were constructed between 1935 and 1937 and are home to Gun Depot, Mattress Town, Taco Rico and other tenants.

An existing two-story Wells Fargo branch at 1634 Alton Road features a wraparound mosaic from South Florida artist Enzo Gallo that depicts Abraham Lincoln, astronauts walking on the moon and the flag being raised on Iwo Jima, among other iconic images. The branch would also be torn down under the proposal.

Wells Fargo owns 1634 Alton Road, an 18,000-square-foot building designed by architect Martin Hampton and constructed in 1940. In 1971, the building became branch of American Saving & Loan Association, a financial institution started by Bay Harbor Islands founder Shepard Broad.

The project would be developed in two phases. The first, which includes demolishing 1614-1624 Alton Road, would begin within 18 months of the board’s approval.

“This highly transparent and dynamic ground design will serve to activate this section of Alton Road, as well as the intersection of Lincoln Road,” Miami Beach planning director Thomas Mooney wrote in a report submitted to the board.

Tuesday’s agenda also includes a request from real estate investors Michael and Nikki Simkins to demolish and reconstruct a single-family home at 5869 Pinetree Drive that was originally built in 1925 and included a “substantial addition” to the house in 1935 that was designed by prominent Miami Beach architect Russell Pancoast. The couple claims the house is structurally unsound, according to a city report. They paid $4.9 million for the property in April 2012.


Related Articles

arrow_forward_ios
121 N Hibiscus Drive (Realtor)

Waterfront Hibiscus Island mansion sells for $8M

Waterfront Hibiscus Island mansion sells for $8M
Eighty Seven Park (iStock)

Eighty Seven Park’s priciest penthouse sells for $37M

Eighty Seven Park’s priciest penthouse sells for $37M
Jeffrey Soffer and Fontainebleau Miami Beach (Getty)

Fontainebleau Miami Beach’s $1B loan exits special servicing

Fontainebleau Miami Beach’s $1B loan exits special servicing
Developer Camilo Miguel Jr. and renderings of the project

Mast Capital wins initial approval for shorter Mid-Miami Beach condo project

Mast Capital wins initial approval for shorter Mid-Miami Beach condo project
Len Blavatnik, Vlad Doronin and a rendering of the project (Credit: Mike Coppola/FilmMagic via Getty Images)

Miami Beach approves zoning change allowing for Aman tower

Miami Beach approves zoning change allowing for Aman tower
Miami Beach Mayor Dan Gelber and 1531 Stillwater Drive (Getty, Zillow)

Miami Beach slashes fines for illegal short-term rentals

Miami Beach slashes fines for illegal short-term rentals
Renderings of the project

Miami Beach board approves Generator hostel/hotel expansion

Miami Beach board approves Generator hostel/hotel expansion
Deauville Beach Resort

Deauville Beach Resort loses court battle tied to $400K judgment

Deauville Beach Resort loses court battle tied to $400K judgment
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...