Tag: crescent heights

Russell Galbut scores $34M loan for new Baptist Health facility

Rendering of proposed Baptist Health facility at Alton Road and Seventh Street in Miami Beach Developer Russell Galbut’s Crescent Heights closed on a $34 million loan for Baptist Health South Florida’s new facility on Alton Road.  Alton Road Development LLC, a Crescent Heights affiliate, will build a 122,000-square-foot project on the…

Russell Galbut scores $34M loan for Baptist Health facility

Rendering of proposed Baptist Health facility at Alton Road and Seventh Street in Miami Beach Developer Russell Galbut’s Crescent Heights closed on a $34 million loan for Baptist Health South Florida’s new facility on Alton Road.  Alton Road Development LLC, a Crescent Heights affiliate, will build a 122,000-square-foot project on the…

Crescent Heights’ Wave project gets height variance

Renderings of the Wave The Miami Beach Design Review Board on Tuesday signed off on a 10-foot height variance for the Wave development, a mixed-use project expected to have 300,000 square feet of residential space and about 50,000 square feet of retail space at the entrance to South Beach. The…

Galbut to demolish two Washington Ave sites to build new hotel

Rendering of 947 Washington Avenue Miami Beach developer Russell Galbut is looking to build a seven-story hotel on the site of two retail buildings on 9th Street and Washington Avenue. Late Tuesday, the Miami Beach Preservation Board voted 6-1 to grant permission to Estis LLC, which is managed by the Crescent…

Galbut pays $10M for tire shop on Alton Road

The Firestone building at 1575 Alton Road and developer Russell Galbut in an interview for the Miami Beach Visual Memoirs project (Credit: Carl Hersh) A company linked to developer Russell Galbut just bought a tire shop on Miami Beach’s Alton Road for $10 million — almost 30 times what it…

Galbut pays $10M for tire shop on Alton Road

The Firestone building at 1575 Alton Road and developer Russell Galbut in an interview for the Miami Beach Visual Memoirs project (Credit: Carl Hersh) A company linked to developer Russel Galbut just bought a tire shop on Miami Beach’s Alton Road for $10 million — almost 30 times what it…

Construction for Russell Galbut’s 1212 Lincoln Road delayed

Rendering of 1212 Lincoln Road. Inset: Jose Gelabert-Navia of Perkins + Will The time-table for the construction of a new retail complex in South Beach may be thrown off – by a Pilates studio. Eleven months ago, the Miami Beach Design Review Board approved plans by a subsidiary of Crescent Heights, a company headed by