Agreement reached on 44-story tower for 500 Alton Road

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When Commissioner Mark Samuelian proposed continuing the dialogue over the August recess and having another Finance Committee meeting to review the details of the deal, Galbut said he would take the Baywalk contribution off the table. He was looking for a unanimous vote of the Committee but said he was willing to take a 2-1 vote to move the item onto the Commission agenda in September.

Samuelian said, “I understand we want to move expeditiously but, on the record, this property’s been like this for 13 years… I don’t think an extra meeting would be a problem; in fact I think it would help the deal” saying he wanted “to get it right.”

Following another brief recess, Samuelian was willing to accept the redlined agreement and voted with Arriola and Commissioner John Alemán to instruct the Administration to draft a development agreement that allowed for the vacation of 6th Street and other ordinance changes to send to the Commission for first reading in September.

July 28, 2018 | RE: Miami Beach | Agreement reached on 44-story tower for 500 Alton Road