The Real Deal Miami

Deco Capital will again seek approval for mixed-use Sunset Harbour project

Ronny Finvarb also submitted plans for a 150-room hotel near the Miami Beach Convention Center
By Keith Larsen | May 30, 2018 11:30AM

Renderings of 1759 Purdy Avenue, Bradley Colmer

Deco Capital Group is returning to the city of Miami Beach seeking approval for its mixed-use project in the Sunset Harbour neighborhood.

The developer submitted plans to the Miami Beach Planning Board for a 65,000-square-foot project, which would have more than 20,000 square feet of retail space, 12 residential units and parking. RWN Real Estate Partners, a New York-based private equity firm backed by billionaire Marc Rowan, is a majority partner in the project.

Developer Bradley Colmer is now planning to go before the Design Review Board later this year. Colmer said Deco Capital is refining some architectural elements of the plan and addressing city comments.

The developer has been attempting to get approval for the site since 2015, but faced setbacks due to height restrictions and pushback from residents.

Under Deco Capital’s most recent proposal, however, the building will only be five stories tall with parking on the second story. Early last year, Miami Beach commissioners voted down an ordinance that would have increased the height for the development, known then as Sunset Harbour Residences, at 1733-1769 Purdy Avenue, to 90 feet from 50 feet.

The new proposal also includes another change: a property that Deco Capital purchased for $3.53 million at 1730 Bay Road earlier this year. The property was called the “missing piece”, since it was situated in the middle of Deco Capital’s planned project and allowed the developer to redesign the project.

Plans filed with the city reveal the Sunset Harbour project will include an 8,000-square-foot garden above its parking deck, as well as another garden and a pool deck on the roof. Domo Architecture and Design is the architect.

In 2015, the developer withdrew its height increase request after it was unable to reach agreements with residents living at the adjacent Lofts at South Beach Condominium — some of whom would have their bay views blocked by the previously proposed building — and with Beach Towing, which holds a deed restriction that it says prevents parking on property previously owned by the towing company. Colmer declined to comment due to pending litigation with Beach Towing.

Miami Beach developer Ronny Finvarb also submitted a proposal to the planning board for a 50,000-square-foot, 150-room hotel at 1685 Washington Avenue. Finvarb paid $19.2 million for the property, near the Miami Beach Convention Center, last year. The proposal calls for an eight-story building with two restaurants and 122 parking spaces. The hotel brand has yet to be named. Finvarb, who is developing the project with Jacques Chahine’s Credus I Corporation, will go before the planning board on June 26.