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. This development was first announced five years ago but no progress has been made since then.
The property is currently owned by Wells Fargo Bank and includes a bank branch built in 1986 spanning over 6,654 square feet.
The planned five-story building will cover an area of approximately199,000 square feet with retail space of about50,000 square feet. The ground floor will feature a Whole Foods store and also include a small section of3,908 square feet dedicated to Wells Fargo services. Customers can access the second-floor dining area through escalators from where they can enjoy their meals while shopping at Whole Foods.The new design proposal is being created by Miami-based Studio Mc+G Architecture.
According to public records,the estimated cost for this project is $39.8 million.
“Whole Foods Secured as Anchor Tenant for $40M Mixed-Use Project in Miami Beach”
National developer Crescent Heights has successfully landed popular grocery chain Whole Foods as the primary tenant for their upcoming mixed-use development in Miami Beach.This highly anticipated project on Alton Road (1901)will be reviewed by the city’s planning agency next month after its initial announcement over five years ago.With current ownership under Wells Fargo Bank,the existing property features an outdated bank branch constructed backin1986 covering an expansive areaof around6654 sq.ft.
Planned acrossfive floors,this impressive structure spansover199000 sq.ft.witha significant portion(50000sq.ft.)dedicatedto retail purposes.The ground level boastsa spacious outletforWhole Foodswith additional space(3908sq.ft.)allocatedforWells Fargoservices.Escalators provide convenient access tothe second floor where patrons can enjoy their meals while shopping at Whole Foods. The project’s design is being developed by Miami-based Studio Mc+G Architecture.
Public records show that the estimated cost for this development is $39.8 million, making it a highly anticipated and significant addition to the area’s landscape.
