An affiliate of developer Crescent Heights intends to move forward with a high-rise tower with workforce housing in Miami Beach.
The venture would measure 31 stories above grade and comprise 120 residences, 48 of which would be designated as workforce housing. Residency would be reserved for tenants earning at or below 120 percent of the area median income (AMI) which, according to Miami-Dade County records, would be capped at $104,160 annually for a family of four. The remaining 72 homes would be at-market rate units.
Layout plans would span studio to four-bedroom layout plans; all of the workforce housing units would be studios. Residents would have access to a host of amenities, including a resort-style swimming pool, bicycle parking, and a four-story parking podium with 119 spots. Additionally, there would be about 2,900 square feet of ground-floor retail space.
824 Alton Road, LLC is the developer. The firm has partnered with RSP Architects on the building’s design. Conceptual renderings show a façade with a mostly glass exterior, with the tower itself measuring 404 feet at its highest point – making it the tallest residential building in the immediate area…