Matis Cohen and Galbut family score board approval for North Beach project, to include apartments and micro-units

72nd and Park is planned to have 283 apartments, including 125 micro-units and roughly 12,500 sf of retail and restaurant space

TRD MIAMI /
Oct.October 02, 2019 05:30 PM
Matis Cohen and Marisa Galbut with the 72nd and Park rendering

Matis Cohen and Marisa Galbut with the 72nd and Park rendering

Matis Cohen and the Galbut family’s proposal to significantly make over Miami Beach’s Carlyle and Byron avenues scored an important approval Wednesday. The city’s design review board granted two waivers for 72nd and Park, a major mixed-use project the developers propose for North Beach under new development guidelines the city approved for the neighborhood last year.

KGTC, LLC — a partnership controlled by Cohen and Marisa Galbut, regional director for the family-operated Crescent Heights — wants to build a 22-story tower from 71st to 72nd streets, between Carlyle and Byron avenues.

Arquitectonica is designing 72nd and Park, which will have 283 multifamily units, including 125 micro-units smaller than 550 square feet. The mixed-use development would also have roughly 12,500 square feet of retail and restaurant space, amenities and parking. In order to build it, the developers sought waivers to allow separate driveways for the parking and loading portions of 72nd and Park, as well as an additional 20 feet to the 200 foot height limit.

Under the new regulations for the North Beach Town Center area, developers building properties greater than 50,000 square feet and located north of 71st street can request an additional 20 feet of height based on the merits of a project’s design. “The site encompasses the entire block,” said Raymond Fort of Arquitectonica. “It is a mixed-use podium of retail and parking. Sitting on top is the residential.”

Fort told the design review board that the apartment building component is on the northern side of the proposed project so it doesn’t loom over 71st Street, which is the main street for the North Beach Town Center. “On the ground floor, we have worked closely to put together a streetscape that is unique to the neighborhood,” he added.

After a yearlong community engagement campaign, the Miami Beach City Commission in November 2018 approved detailed development standards for the North Beach Town Center neighborhood, including increased height, increased density with diverse residential options such as co-living and micro-units, and relaxed parking requirements to stimulate development of mixed-use projects.

According to KGTC’s letter of intent, 72nd and Park’s residential mix will include co-living units and traditional studio, one-bedroom, two-bedroom and three-bedroom floor plans that feature large glass windows and expansive open balconies. In addition, the tower is designed within a reduced building footprint that allows for substantial open space and landscaping on the fifth-floor pool deck, the letter states.

Ana Bozovic, a broker who runs market research firm Analytics Miami, was among a half-dozen attendees speaking in favor of the project because 72nd and Park will add new market rate housing in Miami Beach. “Simply put, we don’t have housing stock for people moving to the region to work,” Bozovic said. “We only have expensive buildings and old buildings.”


Related Articles

arrow_forward_ios
Novak Djokovic and Eighty Seven Park (Credit: Getty Images)

Novak Djokovic pays $6M for Renzo Piano-designed condo

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Miami Beach seeks to fix floor area ratio controversy involving Galbut and Martin’s Park on Fifth project

Jonathan Newhouse and Eighty Seven Park (Credit: Getty Images)

Condé Nast scion drops $6M on Miami Beach condo

Russell Galbut and Mondrian South Beach condo-hotel

Galbut sells 50% stake in Mondrian South Beach

David Martin, Russell Galbut, and a 500 Alton rendering (Credit: The Next Miami)

Miami Beach sues own board to overturn decision on Crescent Heights’ and Terra’s proposed condo tower

Pierre Pomerleau and a rendering of Eighty Seven Park

Canadian construction mogul buys condo at Eighty Seven Park

Miami Beach loosens regulations for real estate developers and small businesses

Miami Beach relaxes rules on development, pools, restaurants

Proposed Galbut residence at 4260 Pine Tree Drive and Russell Galbut

Russell Galbut wants to build a modern mansion on Pine Tree Drive

arrow_forward_ios
Loading...