Historic designation for iconic South Beach building moves forward

Miami /
Apr.April 20, 2016 11:15 AM

The area surrounding West Avenue, 17th Street and Alton Road on South Beach is quickly becoming a “go-to” destination for boutique hotels catering to the thousands of visitors who flock to Lincoln Road. A 116-room Residence Inn recently opened on 17th Street at the northern end of West Avenue and a restored five-story building built in 1922 that was once the second tallest high-rise building on Miami Beach will soon join it.

The city’s planning board on Tuesday approved a request to designate the 94-year-old Mediterranean revival building at 1700 Alton Road as historic, passing its recommendation to the city commission, which is expected to approve the designation.

New York investors, AC 1700 Alton Owner – controlled by Adam Verner of Springhouse Partners and Chaim Cahane of Forte Capital Management – spent $21 million last year to acquire the building with the aim of restoring the mixed-use structure to its original role as a hotel. The 15,000-square-foot site last sold for $1 million in 1991.

Historic designation will allow AC 1700 to begin extensive renovations that will include restoring the interior of the building and ground floor retail space to its original look, as well as the replacement of all exterior windows and the installation of awnings on upper floor windows on the east and south sides of the building.

Historic designation will also allow the owners of the building to avoid paying any parking impact fees in the heavily trafficked area. The building is currently a mix of 8,165 square feet of ground floor retail anchored by a popular Vespa showroom and 70-studio apartments. It has 25 parking spaces and a 5,000-square foot courtyard.

The city’s historic preservation board describes the building as “a good example of the Spanish Mediterranean style of architecture popular in the 1920s,” saying the building which opened as the Mayflower Hotel “retains much of its architectural integrity, despite several alterations that have been made over time.”


Related Articles

arrow_forward_ios
John Howard Kunkel with 1030 Stillwater Drive (LinkedIn, Google Maps)
50 Eggs restaurateur John Kunkel buys waterfront Miami Beach home
50 Eggs restaurateur John Kunkel buys waterfront Miami Beach home
Red South Beach at 3010 Collins Avenue, Tom Assouline and August “Gussie” Busch (Instagram/gussiebusch, Google Maps, Getty)
Busch family partners with Assouline Capital to buy Red South Beach hotel
Busch family partners with Assouline Capital to buy Red South Beach hotel
Mario Carbone and the Palm Island house (Getty Images, Google Maps)
Major Food Group’s Mario Carbone buys Miami Beach home
Major Food Group’s Mario Carbone buys Miami Beach home
Jade Signature (Google Maps, Getty)
Jade Signature closing tops Miami-Dade’s weekly condo sales
Jade Signature closing tops Miami-Dade’s weekly condo sales
Allied Partners founder Eric Hadar and The Savoy Hotel & Beach Club at 425 Ocean Drive (Google Maps, Getty)
Investor seeks $50M for allegedly botched Ocean Drive hotel repairs
Investor seeks $50M for allegedly botched Ocean Drive hotel repairs
From left: Jorge and Jon Paul Perez, Larry Krueger, Isaac Toledano and Teddy Sagi with 6 Fisher Island Drive (Getty, Google Maps, Wanxiang America, YizhakToledano.org)
Related Group, partners close on $123M Fisher Island site acquisition
Related Group, partners close on $123M Fisher Island site acquisition
Rendering of the project at 1360 Collins Avenue (Getty)
Miami Beach OKs apartment building conversion to boutique hotel
Miami Beach OKs apartment building conversion to boutique hotel
Regalia at 19575 Collins Avenue Sunny Isles Beach, Armani Residences at 18975 Collins Avenue Sunny Isles Beach, Asia Brickell Key at 900 Brickell Key Blvd, and Muse at 17141 Collins Avenue Sunny Isles Beach (Condo.com)
Miami-Dade’s August top condo sales show market emerging from summer slowdown
Miami-Dade’s August top condo sales show market emerging from summer slowdown
arrow_forward_ios

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

Loading...