WATCH: Crescent Heights implodes South Beach building

10-story South Shore Hospital building came down in seconds on Tuesday

TRD MIAMI /
Apr.April 16, 2019 12:48 PM

David Martin and Russell Galbut

With the pull of a lever and 235 pounds of explosives, developer Russell Galbut imploded a building – paving the way for his mixed-use residential tower in South Beach.

Galbut and Terra developer David Martin, who recently joined the project, counted down before a crowd that included Miami Beach Mayor Dan Gelber and city commissioners John Aleman and Michael Gongora near the former Shore Shore Hospital building Tuesday morning. Miami Beach police had shut down a 500-foot area surrounding the shell of the 10-story building.

Before and after of the building site

Implosions aren’t typically allowed in Miami Beach, but Galbut appealed the city’s rejection through the Miami-Dade County Board of Rules and Appeals. The contractor, BG Group, said it was the safest and quickest way to knock down the building, according to the Miami Herald. Last year, a Miami Beach building unexpectedly collapsed during a planned demolition, killing a project manager. The family of that manager recently sued the developer and contractors, citing a wrongful death.

Gelber called the former South Shore building an eyesore for the community.

Crescent Heights and Terra are building the Park on Fifth on the property at 500 to 700 Alton Road. In December, the Miami Beach City Commission approved zoning changes and a development agreement that allows Crescent Heights to build a 519-foot, 44-story tower on the 500 block of Alton Road. As part of the deal, the developer will build a 3-acre public park, designed by Arquitectonica GEO, on the 600 block.

The approval was years in the making for Galbut, whose company paid $35 million in 2004 for the hospital, founded in 1968. At the time, Crescent Heights promised to keep it as a hospital, but ended up shutting it down in 2006 after it went bankrupt, according to the Miami Herald. Galbut proposed a number of projects for the property, over the years, including retail and residential developments.

Rendering of the Park on Fifth

The 500 Alton tower will have 40 floors with 350 residential units, with the first 20 floors for 220 apartments and the other 20 floors with 130 condos. The building will also have nearly 49,000 square feet of amenities.

Galbut is aiming to complete the project within 28 months, but said at a recent community meeting that the contractor requested a 30- to 32-month timeline.


Related Articles

arrow_forward_ios
5212 North Bay Road in Miami Beach and Marcelo Claure (Getty)

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown

SoftBank’s Marcelo Claure pays $11M for North Bay Road teardown
34 Star Island Drive with Albert Justo, Stacy Robins and Mirce Curkoski (Redfin)

Former Star Island residents return, buy $12M waterfront home

Former Star Island residents return, buy $12M waterfront home
1510 West 25th Street, Valerio Morabito (inset) and Gianluca Vacchi (Getty, Douglas Elliman)

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion

Italian entrepreneur and DJ pays $25M for Sunset Islands mansion
WeWork Lenox Avenue, WeWork Lincoln Road and CEO Sandeep Mathrani (Lenox location by Katherine Kallergis, WeWork, iStock)

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave

WeMove: WeWork leaves Lincoln Road, consolidates Miami Beach operations to Lenox Ave
Clifford Asness and 321 Ocean (Getty, Douglas Elliman)

Billionaire hedge funder sells South Beach PH at a loss

Billionaire hedge funder sells South Beach PH at a loss
(iStock)

South Florida by the numbers: From the Big Apple to the Magic City

South Florida by the numbers: From the Big Apple to the Magic City
David Martin and a rendering of the project

David Martin’s Miami Beach Marina proposal heads to voters in November

David Martin’s Miami Beach Marina proposal heads to voters in November
6380 north bay road with Richard and Barbara Lane (Urdapilletta Real Estate, A Scott/Patrick McMullan/Getty)

Real estate honcho buys waterfront North Bay Road home for $9M

Real estate honcho buys waterfront North Bay Road home for $9M
arrow_forward_ios

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

Loading...