New plans for mixed-use garage to go before Miami Beach board

Miami /
Jul.July 29, 2015 10:30 AM

The developer of the Savoy Hotel at 425 Ocean Drive is scrapping plans to build 24 condo units and a mechanical car lift system at a proposed garage two block away.

At Wednesday’s Miami Beach Planning Board hearing, representatives for Savoy Hotel Partners LLC said that the robotic system was “fraught with potential problems” such as the possibility of motorists getting stuck in the lift in the event of a building power outage.

As a result, Savoy’s architect Allan Shulman, principal of Shulman + Associates Design & Architecture, submitted a new design for the seven-story garage at 400 Collins Avenue that includes a conventional ramp and 156 car spaces, 43 more than in the previous plan with the mechanical lift. The residential units have been paired down to five on the top two floors. The mixed-use structure, located on the site of a 19,500-square-foot-parking lot, will still have roughly 5,000 square feet of ground-floor retail.

“The idea to create an infill building is still the same,” Shulman told planning board members. “The building’s profile is still the same.”

He said the residential units will have a private elevator and a private parking area. Each townhouse will feature private decks and pools, Shulman added. However, the garage will be primarily used to provide parking for guests staying at the 75-room Savoy Hotel, which is currently undergoing an expansion.

Based on advice from the city’s planning and zoning department staff, the planning board delayed its vote on the new design until Sept. 30 because Savoy Hotel Partners still needs to present the new design to the city’s historic preservation board.

Savoy Hotel Partners purchased 400 Collins in June 2005 for $4 million, according to Miami-Dade County property records. The company is owned by New York-based Allied Savoy, an entity controlled by Eric Hadar, chairman and CEO of the real estate development and investment firm Allied Partners.


Related Articles

arrow_forward_ios
Jarrett Posner, Pablo Escobar with 5860 North Bay Road (The Waterfront Team)

Pablo Escobar’s former Miami Beach property sells for $11M

Pablo Escobar’s former Miami Beach property sells for $11M
Camilo Miguel Jr. and rendering of 4000 Alton Road

Mast Capital scores approval for Miami Beach condo project

Mast Capital scores approval for Miami Beach condo project
6050 North Bay Road (Google Maps)

AmeriSave CEO buys North Bay Road teardown for $8M

AmeriSave CEO buys North Bay Road teardown for $8M
Commissioner Ricky Arriola (iStock)

Miami Beach asks for offers to develop lots near Lincoln Road

Miami Beach asks for offers to develop lots near Lincoln Road
David Grutman and Alejandro Sanz with a rendering of 2050 North Bay Road (Getty, CMA Design Studio)

David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion

David Grutman closes on Alejandro Sanz’s Miami Beach home, plans new mansion
114 West San Marino Island

Island Queen Cruises founder sails away from Venetian Islands home for $6M

Island Queen Cruises founder sails away from Venetian Islands home for $6M
(Google Maps)

Condo sales fell in Miami-Dade last week

Condo sales fell in Miami-Dade last week
Victor Ballestas and 6060 Indian Creek Drive, Miami Beach (Credit: Google Maps)

Embattled Sixty Sixty condo-hotel’s units in Miami Beach sell for $15M

Embattled Sixty Sixty condo-hotel’s units in Miami Beach sell for $15M
arrow_forward_ios

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

Loading...