Video: 3-Acre Park Coming To Alton Road After Commissioners Approval
Another park is also coming to Miami Beach after developer Russell Galbut received approval by city commissioners. The park, which developer has to pay for and oversee construction, is a requirement to build a high-rise condo tower on Alton Road.
The park will be linked to the bay walk that runs through South Pointe Park by a pedestrian bridge that will be paid by taxpayers through a bond issuance approved last week.
The former South Shore hospital on site right now should be demolished in the next six months after all approval and appeal periods have expired. The developer will have eight years to build the park after getting a construction permit for the new tower.
The developer is allowed to flip the property to another one, after upzoning approval, for as long as he/his family maintains 10% of ownership.
The tower height increased to 519 feet, before the city had only approved 484 feet.
A second reading is programmed for December.