A developer wants to build a 420-foot luxury condo tower in South Beach.
An existing 286-unit building on the site allowing short term rentals would be demolished.
The new tower would have a more compact footprint but rise to a taller height of 29 stories.
It would include 100 long-term residential units, with short term rentals prohibited. Units will be larger, at over 2,000 square feet each.
Parking would be buried underground, with a ground floor restaurant, and amenities above.
Kobi Karp is listed as the architect.
A partnership between Michael Stern’s JDS Development and Gianluca Vacchi is the developer.
To obtain zoning changes needed for the project, the developer is proposing public benefits contributions. They include building a new public parking garage at the Bikini Hostel site across the street, with an estimated cost of $22 to $25 million. Another $4 million would be spent on completing missing baywalk sections behind West Avenue.
Miami Beach’s Planning Board deferred a vote on the zoning changes at an October 29, meeting, according to the SFBJ.
