Will We See a 22-Story Mixed-Used on Ocean Tower in North Miami Beach?
A proposed two-block-long mixed-use building is one step closer to coming to Ocean Terrace in North Miami Beach. The developer, Sandor Scher, received some good news for the 22-story development this week when the Miami Beach Planning Board endorsed two crucial land-use ordinances.
The two land use ordinances were first approved by the Miami Beach Land Use and Development Committee last month. In order to move forward, the planning board had to also approve. The first ordinance involves expanding the height maximum on Ocean Terrace from eight stories to 22 stories. The second would increase the floor area ratio (FAR) from 2.0 to 3.0. The ordinances come as part of a proposed Overlay District that would exist from 73rd Street to 75th Street.
Next up for the ordinance approval is a vote by the Miami City Commission on July 8. If that passes, voters will be asked to vote on the ordinance change in November. And if approved by voters, the city’s Historic Preservation Board will have to endorse the zoning changes.
According to The Real Deal, Scher’s Ocean Terrace Holdings would build the mixed-use towers adjacent to the St. Tropez building. Scher’s intention is to revitalize the area with enhanced storefronts along Collins Avenue as well as a breezeway between Collins and Ocean Terrace. The development will combine residential, retail, and a hotel development.
Miami.Curbed.com, “Planning Board Approves 22-Story Tower on the ‘Ocean Drive’ of North Beach,” Sean McCaughan, 24 June 2015
TheRealDeal.com, “Planning Board Endorses North Beach Mixed-use Project,” James Teeple, 24 June 2015
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