Luxury mixed-use project on Miami Beach’s Purdy Avenue moves ahead

Miami /
Feb.February 18, 2016 09:45 AM

In a rare move, a Miami Beach committee has recommended raising height limits and amending setbacks for a luxury mixed-use project in the city’s Sunset Harbour neighborhood.

The city’s land use committee late Wednesday approved a request from Deco Capital Group, LLC to raise height limits from 50 to 90 feet for a mixed-use project that is tentatively called Sunset Harbor Residences. New York-based RWN Real Estate Partners, which has also purchased property in Surfside, is a majority partner in the venture.

Deco Capital plans to build 15 luxury condos on top of premium retail at 1733-1769 Purdy Avenue, a total of eight lots acquired in 2014. The planned building will front Purdy Avenue and overlook Maurice Gibb Park.

The project now moves to the full city commission, which can refer it to the city’s planning board.

Bradley Colmer, founder of Deco Capital Group, said the 15 three-bedroom residential units in the proposed building will each be approximately 2,000 square feet with a breezeway on the retail level between Purdy Avenue and Maurice Gibb Park. The project continues trends in the fast-changing neighborhood, Colmer told The Real Deal. “I think we want to continue the trends with what has already taken place in the neighborhood – mixed-use developments, pedestrian walkability, covered retail spaces and indoor and outdoor cafes – things that ultimately locals want and have premium content.”

At the meeting, city officials said the ordinance will only apply to buildings with frontages of 200 feet on Purdy Avenue and would not affect other parts of the city, but Michael Grieco, the only commissioner on the committee to vote against the amendment, said other developers are now likely to request similar amendments. “We are making exceptions for a specific developer. If I were an adjacent property owner I would request the same thing,” Grieco said to the committee.

Residents of the Lofts at South Beach condominium, which is adjacent to the property, oppose the development and said some owners will lose views and northern exposure once it is built. At the meeting, Deco Capital Group attorney Michael Larkin said the Lofts had asked the developers for “financial compensation,” but that the cost was too high. Larkin said they will continue to negotiate with the Lofts’ residents.

The Sunset Harbour Homeowners Association and two of the three commissioners on the land use committee supported the development. Newly elected commissioner John Elizabeth Alemán said the height use amendment “was consistent with what the neighborhood was becoming and that there is ‘neighborhood consensus’ for the project. Committee chair Joy Malakoff called the project an “intelligent design.”

“Sunset Harbour will be helped by this,” Malakoff said, noting that while the committee was recommending approval, “the plans as shown to the committee will not be changed.”


Related Articles

arrow_forward_ios
SL Green’s Andrew Mathias, Boich Investment Group’s Wayne Boich and Related Companies’ Bruce Beal Jr. with rendering of 1920 Alton Road (SL Green, Boich Enterprises, Related Companies)
Boich, Beal and Mathias score approval for Sunset Harbour project
Boich, Beal and Mathias score approval for Sunset Harbour project
SL Green’s Andrew Mathias, Boich Investment Group’s Wayne Boich and Related Companies’ Bruce Beal with rendering of 1920 Alton Road (SL Green, Boich Enterprises, Related Companies)
Wayne Boich, Related’s Bruce Beal and SL Green president plan Miami Beach project
Wayne Boich, Related’s Bruce Beal and SL Green president plan Miami Beach project
Ronny Finvarb with rendering of plans for a new project in Sunset Harbour (Finvarb Group, Getty)
Ronny Finvarb proposes new resi project in Sunset Harbour
Ronny Finvarb proposes new resi project in Sunset Harbour
Bradley Colmer and Marc Rowan with a rendering of Eighteen Sunset (Deco Capital)
Sunset Harbour developer scores $60M loan for mixed-use office and condo project
Sunset Harbour developer scores $60M loan for mixed-use office and condo project
Developer Valerio Morabito sells Sunset Harbour condo he bought in Miami Beach waterfront home trade
Developer Valerio Morabito sells Sunset Harbour condo he bought in Miami Beach waterfront home trade
Developer Valerio Morabito sells Sunset Harbour condo he bought in Miami Beach waterfront home trade
Arbor Management scoops up Miami Beach retail building for $33M
AMAC scoops up Miami Beach retail building for $33M
AMAC scoops up Miami Beach retail building for $33M
Ronny Finvarb with the proposed hotel (GEK Architecture)
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Sunset Harbour’s new zoning district bans Ronny Finvarb’s planned hotel, allows taller offices
Renderings of the Sunset Harbour project with Marc Rowan and Deco Capital Group's Bradley Colmer (Linkedin, Getty)
Deco Capital moves forward with new version of long-planned Sunset Harbour mixed-use development
Deco Capital moves forward with new version of long-planned Sunset Harbour mixed-use development
arrow_forward_ios

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

Loading...