Whole Foods to Anchor $40M Miami Beach Mixed-Use Project
National developer Crescent Heights has landed Whole Foods as the anchor tenant of a proposed Miami Beach mixed-use project. A city planning agency will consider plans for a 1.27-acre site at 1901 Alton Road. The project released tentative plans over five years ago, but nothing has been done. The new plans will be considered in December.
The property is under contract with Wells Fargo Bank. It currently has a 6,654-square-foot bank branch that was constructed in 1986.
The five-story building would total 199,000 square feet, including 50,000 square feet of retail. The ground floor would have a Whole Foods and 3,908 square feet for Wells Fargo. Escalators would lead to a second-floor dining space for grocery store patrons. Miami-based Studio Mc+G Architecture will design the new proposal.
A public filing indicates the developer estimated the cost of the project at $39.8 million.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.