Home Real Estate Whole Foods to Anchor $40M Miami Beach Mixed-Use Project
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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.

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