Turnberry family members want to build new project on Alton Road

Miami /
Mar.March 23, 2016 03:45 PM

Elion Partners and family members of Turnberry Associates have submitted plans for a new five-story project on Miami Beach’s ever-changing Alton Road.

The proposal, first reported by the Next Miami, includes a mixed-use building with 28,142 square feet of ground-floor retail, a parking garage with 204 spaces and 36 residential units. Part of that retail space would be taken up by a “prominent” grocery tenant.

It would be built on a trio of parcels at 1681 and 1683 West Avenue, plus the now-demolished Shell gas station site at 1698 Alton Road. They’re on the same block as Miami’s popular Epicure Market grocery store. Touzet Studio, which designed the Apple, Gap and Nike stores on Lincoln Road, is the designer.

County records show a company managed by Rock Soffer and principals of Elion Partners bought the former Shell site in April for $8 million. A separate entity, managed by Rock Soffer, his father Don Soffer and the Elion principals, also bought the West Avenue parcels for $7.9 million in 2013. Elion is one of the partners developing West Palm Beach’s newest condo tower the Bristol.

According to the Next Miami, the project will go before the city’s planning board next month.

Alton Road has been a hot market for development over the last two years as waterfront land prices become prohibitive for new projects. Gas stations in particular seem to be hot commodities. Besides the Shell site mentioned above, Saber Real Estate Advisors put down $7.3 million for a Chevron station on 1824 Alton Road and is now planning a new mixed-use building designed by Kobi Karp. [The Next Miami]Sean Stewart-Muniz

Correction: A previous version of this article incorrectly stated Turnberry Associates was developing the project. Instead, family members of the development firm of working on it.


Related Articles

arrow_forward_ios
Carlos Rosso and Jackie Soffer with Rendering of One Park Tower by Turnberry at SoLé Mia (Turnberry, iStock)
Turnberry, Carlos Rosso to develop condo tower at massive SoLé Mia in North Miami
Turnberry, Carlos Rosso to develop condo tower at massive SoLé Mia in North Miami
Elion Partners managing partner Shlomo Khoudari and the property at 3000 and 3060 Southwest Second Avenue in Fort Lauderdale (Colliers, Elion Partners)
Elion buys two Fort Lauderdale industrial buildings for $15M
Elion buys two Fort Lauderdale industrial buildings for $15M
Alan and Robert Potamkin and the property at 1695 Alton Road in Miami Beach (The Potamkin Prize, BHS)
Alan and Robert Potamkin rev up their real estate game with $10M Miami Beach purchase near Lincoln Road
Alan and Robert Potamkin rev up their real estate game with $10M Miami Beach purchase near Lincoln Road
Monte Greenberg and Kaylee McCall Correa (Facebook via Colliers, Elion Partners)
Movers & Shakers: Elion taps new capital markets managing director & more
Movers & Shakers: Elion taps new capital markets managing director & more
Variety Hotel (iStock)
Miami Beach hotel heads to foreclosure auction
Miami Beach hotel heads to foreclosure auction
Ronny Finvarb with a rendering of 1790 Alton Road (GEK Architecture)
Miami Beach to prohibit hotels in Sunset Harbour? Zoning overhaul could derail Ronny Finvarb’s project
Miami Beach to prohibit hotels in Sunset Harbour? Zoning overhaul could derail Ronny Finvarb’s project
Pennock Square at 901 West Indiantown Road with Last Mile's Ryan Moore and Elion's Shlomo Khoudari (Google Maps)
Elion Partners sells Jupiter shopping center for $19M
Elion Partners sells Jupiter shopping center for $19M
Ronny Finvarb with a rendering of 1790 Alton Road (GEK Architecture)
Ronny Finvarb plans boutique hotel on Alton Road site in Miami Beach
Ronny Finvarb plans boutique hotel on Alton Road site in Miami Beach
arrow_forward_ios

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

Loading...