Miami Beach

South Shore Hospital Imploded in Miami Beach To Make Way For Park on Fifth Tower

Built in 1968, the 10 story South Shore Hospital at 630 Alton Road was imploded yesterday after more than a decade sitting abandoned.

Replacing the building will be the 44 story Park on Fifth that will rise 519 feet and will be developed by Crescent Heights and Terra Group. A 3 acre park will be built on the North part of the site along with 15,000 square feet of retail.

The park will be completed by the Summer of 2020 and construction on Park on Fifth will take about 32 months.

TBT - "Scarface" Building On Ocean Drive Sells For $15M

728 Ocean Drive

TBT (March 19, 2015) - 4 years ago the building used in the movie Scarface was sold for $15 million. Demolition and renovation started on the building in April 2017 before finally being completed January 2018 and turned into a CVS.

The building that was used in the infamous chainsaw scene in the movie Scarface has sold for $15 million, according to the Real Deal. 

The property at 728 Ocean Drive and 6,500 square foot building was sold to New York based developers, Infinity Group. 

A Johnny Rockets restaurant operates from the ground level of the building. 

The building last sold for $8 million in 2011.

Washington Squared Has Topped Off In Miami Beach

Washington Squared Miami Beach

Washington Squared Miami Beach

Since going vertical in August 2018, Washington Squared has topped off in Miami Beach at 7 stories.

The assemblage between 6th and 7th street on Washington Avenue will have 312 hotel rooms, 46,849 square feet of retail space and 258 parking spaces.

Washington Squared was designed by Morris Adjmi Architects.

Ritz-Carlton Residences Miami Beach Expected To Open Soon

Ritz-Carlton Residences Miami Beach

The Ritz-Carlton Residences Miami Beach is getting closer to completion and is expected to receive TCO in April, according to The Real Deal.

Developed by Lionheart Capital, The Ritz-Carlton Residences will have 111 residential units and 15 villas located on the West side of the building. Prices start at $2 million and go up to $40 million.

Previous construction photos of the Ritz-Carlton Residences can be viewed here.

1 Hotel South Beach Sold For $610M

1 Hotel South Beach

The 1 Hotel South Beach has been sold for $610 million to Host Hotels & Resort, according to the SFBJ. The seller was Starwood Capital Group and the LeFrak Family.

Location at 2341 Collins Avenue, the 1 Hotel South Beach has 429 rooms, but does purchases doesn’t include the 155 condos.

Starwood Capital Group purchased the hotel in 2012 for 100.3 million and renovated it at a cost of $300 million.

Jean Nouvel's Monad Terrace In Miami Beach Tops Off

Monad Terrace Topped Off

Monad Terrace Topped Off

The under construction Monad Terrace in Miami Beach has topped off with one tower at 7 stories and the second tower at 14 stories. In March 2018, construction was just beginning on the site.

With only 59 residential units, the Jean Nouvel designed Monad Terrace is being developed by JDS Development Group.

Construction is expected to be completed third quarter 2019.

Previous construction photos of Monad Terrace can be viewed here.