Crescent Heights, a national developer, has secured Whole Foods as the main tenant for their proposed mixed-use project in Miami Beach. The city’s planning agency will review plans for the 1.27-acre site located at 1901 Alton Road in December. The project was initially announced five years ago but no progress has been made since then.
The property is currently owned by Wells Fargo Bank and features a bank branch spanning over 6,600 square feet that was built in 1986.
The new development will consist of a five-story building with a total area of 199,000 square feet including retail space measuring up to 50,000 square feet. On the ground floor there will be an anchor Whole Foods store and additional space of approximately3 ,908 square feet designated for Wells Fargo Bank. Escalators will lead customers to second-floor dining options exclusively available to grocery store patrons.The design work for this proposal is being handled by Studio Mc+G Architecture based out of Miami.
According to public records filed by the developer,the estimated cost for this project stands at $39 .8 million.
