Ocean Terrace Holdings has submitted plans to the Miami Beach Historic Preservation Board for a new mixed-use development that will encompass almost the entire block of Collins Avenue to the Ocean between 74th and 75th Streets. The proposal mixes new construction with the partial preservation of buildings along Ocean Terrace and includes multifamily dwelling units, hotel rooms, and ground floor retail and restaurant uses.
Neisen Kasdin, attorney for Ocean Terrace Holdings, wrote in a letter to the HPB that the contributing Broadmoor and Surf Hotel buildings will be restored. Additionally, the plans include “restoring and integrating the front facades of numerous other buildings into the new building.”
“The resulting project will preserve the important historic elements of the existing structures, the scale and character of Ocean Terrace and Collins Avenue, while accommodating a new and taller residential building,” Kasdin wrote. “This project will be the long awaited catalyst for redevelopment of this once vibrant neighborhood.”
Currently, the property includes 16 apartment units, 240 hotel rooms – of which, Kasdin notes, 181 are active – contained within five separate buildings. He says there are 37,866 square feet of retail contained within six separate buildings, of which 32,149 square feet are active.
“The proposed project will consist of 58 multifamily dwelling units, 78 hotel rooms with 2,030 sqft of accessory meeting rooms and 5,728 sqft of accessory restaurant, and 18,060 square feet of ground floor retail,” Kasdin wrote.
He emphasized the plans are consistent with the North Beach Master Plan to “make Ocean Terrace a world-class walkable street”, to “improve East-West connections between residential neighborhoods and the public waterfront”, and to “protect and enhance neighborhoods through preservation and economic growth”.
Source By: RE Miami Beach