Planning board endorses North Beach mixed-use project

Ocean Terrace will need voter approval to move forward

TRD MIAMI /
Jun.June 24, 2015 12:00 PM

The Miami Beach Planning Board late Tuesday endorsed plans for a mixed-use residential, retail and hotel development along Ocean Terrace in the North Beach neighborhood.

The project is the latest from developer Sandor Scher, who has spent more than $70 million dollars recently buying up largely derelict properties with the goal of transforming a two-block area that many residents describe as “blighted” into a vibrant “walkable” neighborhood, anchored by retail and a new luxury condo and hotel designed to bring new residents and visitors into the neighborhood. Before he can do that, Scher needs Miami Beach voters to approve zoning changes — something the planning board endorsed on Tuesday.

The board voted to send two land-use ordinances on to the Miami Beach City Commission, which will decide on July 8 whether to place a measure on the ballot in November asking voters to approve an increase in the maximum floor area ratio (FAR) for a new Overlay District that is being proposed between 73rd Street and 75th Street, and between Ocean Terrace and Collins Avenue. The FAR increase would be from 2.0 to 3.0, allowing for a potential 200,000 square-foot development depending on lot size. The proposal would also increase the maximum height allowance in the overlay district to 250 feet or 22 stories for residential uses and 125 feet for hotel uses from the current 75 feet or eight stories.

If the commission approves putting the measure on the ballot, it will be the first time that voters have been asked to make an exception to a 1997 ballot measure that placed limits on the height and size of buildings on Miami Beach.

If voters approve the legislation, Scher’s Ocean Terrace Holdings plans to build a 250-foot–high, mixed-used residential, retail and hotel along Ocean Terrace. It would be adjacent to the St. Tropez condominium, a 28-story, 91-unit building built in 1999 under a provision that grandfathered it into the Ocean Terrace historic district created in 1996. The project is projected to have 55 residential units and between 150 and 170 hotel rooms.

Scher said the project will feature enhanced storefronts along Collins Avenue with a breezeway between Collins and Ocean Terrace. He said he has long been interested in revitalizing the area, but to do so he needs the zoning changes that would make the project economically feasible.  Planning board members largely agreed, saying attempts over the years to revive the once-vibrant area have failed because of restrictive zoning.

Scher has been praised for maintaining preservation standards in his many projects, but preservationists oppose his latest. Daniel Ciraldo of the Miami Design Preservation League warned the board against “opening a Pandora’s box,” if it supported zoning changes for the area. Kirk Paskal, a neighborhood activist opposed to the project, said any zoning changes should be addressed in a so-called “master plan” for North Beach, which is scheduled for completion next year. But homeowners groups in the area, representing more than 1,000 homes, as well as many residents from the adjacent St. Tropez condominium, voiced support for the project.

While the planning board endorsed the project, a bid by Ocean Terrace Holdings to increase the project’s floor plate limitation from 10,000 square feet to 15,000 square feet would have to be decided by the city’s Historic Preservation Board after the voters decide on whether to approve zoning changes for the area.


Related Articles

arrow_forward_ios
Phil Collins, Orianne Collins, and 5800 North Bay Road (Credit: Tim Chapman/Getty Images, and John Parra/Getty Images)

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave

Phil Collins wants to sell his Miami Beach mansion for $40M, but his ex-wife won’t leave
6493 Allison Road (Credit: Douglas Elliman)

One Thousand Museum developer sells Allison Island home

One Thousand Museum developer sells Allison Island home
Greg Mirmelli with 2120 Bay Avenue (Credit: John Parra/Getty Images)

Miami Beach investor sells waterfront home for $18M, following bidding war

Miami Beach investor sells waterfront home for $18M, following bidding war
Floyd Mayweather & 5501 Pine Tree Drive, Miami Beach (Credit: Google Maps and Jun Sato/Getty Images)

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss

Taking it on the chin: Floyd Mayweather Jr. sells Miami Beach home at a loss
1500 West 21st Street and Todd Glaser (Glaser by Mary Beth Koeth, Todd Michael Glaser)

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M

Todd Glaser buys waterfront Sunset Islands home with plans to list it for $10M
A rendering of the monorail

Miami-Dade approves interim contract for monorail to Miami Beach

Miami-Dade approves interim contract for monorail to Miami Beach
Lord Balfour Hotel

Mezz lender forecloses on Ocean Drive hotel in South Beach

Mezz lender forecloses on Ocean Drive hotel in South Beach
Oceanside Fisher Island and a map of condo sales (Credit: Google Maps)

Weekly condo sales volume in Miami drops below $40M

Weekly condo sales volume in Miami drops below $40M
arrow_forward_ios

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

Loading...