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Crescent Heights
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.
New County Courthouse Rendering
Crescent Heights developer Russell Galbut has proposed building a new $300 million courthouse, designed by architect Kobi Karp, on a surface parking lot at 54 W. Flagler St in exchange for the existing courthouse at 73 E. Flagler St., according to The Miami Herald.
By building a new $300 million courthouse, Miami-Dade would pay Crescent Heights $18 million a year in rent over the course of a 99 year lease. In exchange, Crescent Heights would redevelop the existing courthouse, built in 1928, and turn it into high end offices with shops and restaurants on the ground floor.
In November 2014, voters rejected a tax increase of $390 million to help fund a new courthouse.
Previously in April 2016, Crescent Heights proposed building two 43 story towers with 391 residential units on the 54 W. Flagler St lot.
Firestone Miami Beach
After being purchased for $10 million in January, the Firestone Miami Beach located at 1575 Alton Road will become a 24 hour Al's Diner, according to the Real Deal.
The buyer was Russell Galbut of Crescent Heights, but will be managed by Menin Hospitality. They plan on renovating the building with a drive through window and plan on restoring the large Firestone sign on top of the building.
Al's Diner is expected to open at the beginning of next year.
View of the Approved Site
1212 Lincoln Road Rendering
The Miami Beach Design Board approved the 5 story Crescent Heights at Lincoln Road and Alton Road. As part of the approval, five buildings will be demolished including the Wells Fargo building.
The project will be designed in two phases and will include over 80,000 square feet in commercial space.
The project is being developed by Wells Fargo Bank. The architect is Perkins + Will.
