The war zone over on Purdy Ave. will not be coming to a close any time soon as Miami' Beach's Land Use & Development Committee approved Deco Capital Group's request to raise height restrictions. In partnership with New York developer RWN Real Estate Partners, the mixed-use Sunset Harbor Residences will reach up to 90 ft, extending on the previous 50 ft limit. This ordinance is only applicable to owners with over 200 ft. of frontal space on Purdy Ave. Deco Capital aims to build 15 luxury condos atop their premium retail space that they purchased in 2014. Sunset Harbor Residences will be 3-bedroom layouts and approx. 2,000 SF. The building will overlook Purdy Ave & Maurice Gibb Park and include covered retail spaces and indoor/outdoor cafes in a covered promenade. Owners at the Lofts at South Beach are pressing Deco Capital Group for financial compensation due to lost views attributable by the approved increase in height restrictions ordinance, which will block views North from the Lofts at South Beach.
The Sunset Harbor area is undergoing massive and fast redevelopment and is blossoming into one of the most expensive and walkable neighborhoods in Miami Beach, only rivaled by South Pointe. Retail, dining, entertainment amongst other attractions have moved into the area which has been transformed from auto-lots and junkyards to high-priced luxury real-estate. The project looks to capitalize on the development style that has found success in Sunset Harbor to this point, bringing in mixed-use developments, pedestrian walkability, covered retail spaces and indoor/ outdoor cafes. Sunset Harbor serves as the entrance to Miami Beach via Venetian Causeway and is just minutes from Lincoln Rd.
