Galbut development group scores approval for mixed-use North Beach resi project

13-story building calls for 110 apartments, retail, rooftop restaurant

Miami /
Mar.March 22, 2021 01:30 PM
Jefferson Brackin, Russell Galbut and Marisa Galbut (GFO Investments, NoBe Creek LLC)

Jefferson Brackin, Russell Galbut and Marisa Galbut (GFO Investments, NoBe Creek LLC)

The developers of one of the first projects planned for the North Beach Town Center district secured approval from the Miami Beach Design Review Board late last week.

NoBe Creek LLC, an entity led by Jefferson Brackin, Russell Galbut and his daughter Marisa Galbut, wants to develop a mixed-use multifamily building at 666 71st Street. The board unanimously approved modifications to the plans for the 13-story building at its meeting on Thursday.

The Gateway project is expected to have 110 rental apartments, 8,100 square feet of retail, a nearly 4,900-square-foot rooftop restaurant with a flex terrace, and two floors of parking. It will total about 135,800 square feet.

The developers are looking to break ground in a month and are going through the permitting process, Brackin said. They are in talks with local banks for a construction loan. Construction will take about 18 months from groundbreaking.

Brackin called the project “a catalyst” for North Beach’s Town Center district.

He said the multifamily units will be high-end but smaller units, so that rents will be “attainable.” The apartments will all have balconies.

Commercial tenants will include an “experiential retailer,” medical office and a local food and beverage operator, he said.

Design review board members approved the modifications — on the condition that the developers revisit the screening to the parking.

More than two years ago, the Miami Beach City Commission greenlit the voter-mandated upzoning of the North Beach Town Center district, a 10-block area of North Beach.

Russell Galbut, his family members and various partners have several projects planned for the district.

Earlier this month, the Miami Beach Historic Preservation Board voted in favor of Matis Cohen and Galbut’s plans for a mixed-use building nearby in Normandy Isles.

Weeks earlier, a proposal led by members of the Galbut family to redevelop the city-owned Byron Carlyle Theater in North Beach was shot down by the city commission after residents spoke out against the project.

In late 2019, the design review board approved Cohen’s and Galbut’s proposal for a 22-story tower from 71st to 72nd streets and between Carlyle and Byron avenues.






    Related Articles

    arrow_forward_ios
    Troy Martin Cox and 5191 Pine Tree Drive, Miami Beach (Google Maps)
    Former biotech CEO buys waterfront home on Pine Tree Drive for $12M
    Former biotech CEO buys waterfront home on Pine Tree Drive for $12M
    Daren Metropoulos and 7815 Atlantic Way (Douglas Elliman, iStock)
    Playboy Mansion owner pays $18M for oceanfront Miami Beach home: sources
    Playboy Mansion owner pays $18M for oceanfront Miami Beach home: sources
    Maggie Cordish and Palazzo Della Luna (David x Prutting/Patrick McMullan/Getty)
    Maggie Cordish, former White House adviser, pays $7M for Fisher Island condo
    Maggie Cordish, former White House adviser, pays $7M for Fisher Island condo
    Miami-Dade condo sales map and Arte by Antonio Citterio (Google Maps)
    Miami condo sales drop in early April
    Miami condo sales drop in early April
    Ronny Finvarb with a rendering of 1790 Alton Road (GEK Architecture)
    Ronny Finvarb plans boutique hotel on Alton Road site in Miami Beach
    Ronny Finvarb plans boutique hotel on Alton Road site in Miami Beach
    The home will be developed by Andres Isaias-led Andian Group and Alejandro Diaz Bazan of Coldwell Banker’s The Jills Zeder Group. (Bazan, Jills Zeder)
    Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home
    Eastern Real Estate co-founder pays $18M for waterfront North Bay Road home
    Tommy Mottola and Thalía with an aerial view of 31 La Gorce Circle (Getty)
    Hedge funder flips Miami Beach teardown to Tommy Mottola and Thalía
    Hedge funder flips Miami Beach teardown to Tommy Mottola and Thalía
    7-Eleven at 6348 Collins Avenue in Miami Beach (Google Maps, iStock)
    Fill ‘er up: Power Petroleum buys Miami Beach 7-Eleven with gas station for $11M
    Fill ‘er up: Power Petroleum buys Miami Beach 7-Eleven with gas station for $11M
    arrow_forward_ios

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

    Loading...