Brazilian billionaire scores approval for Miami Beach condo project

New plans call for public beach access, increased setback

Miami /
Dec.December 06, 2017 12:18 PM

Renderings of 5775 Collins Avenue and José Isaac Peres

Brazilian billionaire José Isaac Peres received city approval Tuesday to redevelop the former Marlborough House property in Miami Beach.

Peres, founder of Multiplan Real Estate Asset Management, secured approval from the Miami Beach Design Review Board for the once-contentious project after modifying designs for the building at 5775 Collins Avenue to include public beach access and reduce the building’s width, according to a press release from the developer.

Arquitectonica is designing the 90-unit, 17-story luxury condo building. The developer will build a 15-foot-wide path featuring lampposts, benches and landscaping so the public can access the beach. Reducing the building’s width will leave about 100 feet between the new structure and the neighboring building to the south.

Peres’s company submitted new plans for the 5775 Collins project in October after the design review board delayed a decision on Marlborough House’s demolition while pushing hard for the public beach path.

Opponents feared that the previous design would create a concrete wall that would interfere with the light and block any views of the ocean. Katherine Kallergis


Related Articles

arrow_forward_ios
From left: Miami Beach mayor Dan Gelber, real estate developer Stephen Ross, and the Deauville Beach Resort in Miami Beach (Getty Images, Google Maps, iStock)
Stephen Ross wants to redevelop the Deauville Miami Beach with architect Frank Gehry
Stephen Ross wants to redevelop the Deauville Miami Beach with architect Frank Gehry
Cognito's John Backus and 7960 Biscayne Point Circle (LinkedIn, Zillow)
Ex-nightclub mogul Francis Milon sells waterfront Miami Beach home for $13M
Ex-nightclub mogul Francis Milon sells waterfront Miami Beach home for $13M
369 North Hibiscus Drive (Villazzo Realty, iStock) Buddhist, Mansion
Lawyer pays $14M for waterfront Hibiscus Island manse that hosted Tibetan Buddhist masters
Lawyer pays $14M for waterfront Hibiscus Island manse that hosted Tibetan Buddhist masters
From left: Stephen Macricostas and Andre Branch in front of 4535 Nautilus Court (Getty Images, Redfin)
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Buyer of Andre Branch’s former Miami Beach house flips it for $7M
Rise at Brickell City Centre at 88 SW 7 Street in Miami (Condos.com)
Closing at Rise tops Miami-Dade’s weekly condo sales
Closing at Rise tops Miami-Dade’s weekly condo sales
Alex and Yanina Sapir (Getty, Instagram, Illustration by Kevin Rebong for The Real Deal)
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Developer Alex Sapir’s wife files for divorce, citing a “loveless” marriage
Pebb Capital's Todd Rosenberg with 4000 Collins Avenue (Loopnet, iStock)
Pebb JV sells CVS-anchored retail space in Miami Beach for $18M
Pebb JV sells CVS-anchored retail space in Miami Beach for $18M
Black Lion Investments' Robert Rivani and the Ritz-Carlton Residences at 4701 North Meridian Avenue in Miami Beach (Ritz-Carlton Residences, Black Lion Investments)
Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
Black Lion’s den: Robert Rivani pays $8M for waterfront Miami Beach penthouse
arrow_forward_ios

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

Loading...