The proposal stirred up talks of Miami Beach\u2019s ever-present problems with traffic congestion and lack of parking in many residential buildings. Congestion is increased by cars circling around to find on-street parking, while privately owned garages cost up to $20 per hour, according to a resident and a board member.\u00a0<\/p>\n
But Infinity bills its project as an \u201cecosystem\u201d that aims to tackle \u2013\u2013 not exacerbate \u2013\u2013 those issues.\u00a0<\/p>\n
The goal is for apartment tenants to lease the offices, Infinity\u2019s David Berg told planning board members. The office space would be offered in chunks of roughly 4,000 square feet as a way to avoid having large leases adding to traffic and parking.\u00a0<\/p>\n
Infinity has been in discussions with major Miami Beach employers such as Mount Sinai Medical Center and the Fontainebleau Miami Beach resort to incentivize housing their employees at the project. The developer is considering offering apartment rent discounts for bulk leases signed by staff members at these employers, while Fontainebleau also has considered providing a shuttle service from the building to its resort, Berg said.\u00a0<\/p>\n
Infinity\u2019s preliminary plan is for 367 parking spaces for the apartments, retail and offices, and the building would include a micromobility station offering alternatives to cars, such as bicycles and scooters. It would allow Miami Beach residents at nearby buildings to use its parking overnight.\u00a0<\/p>\n
Board member Jonathan Freidin questioned how Infinity plans to lease up the retail space since nearby Lincoln Road has struggled with vacancies. The pedestrian promenade, formerly the premier Miami-Dade County retail and dining hub, has struggled with vacancies in more recent years, spending much of the early 2020s trying to recover<\/a>.\u00a0<\/p>\n But apartment and office tenants at the building would drive retail leasing, Berg said.\u00a0<\/p>\n \u201cYou need people,\u201d he said.\u00a0<\/p>\n Another sticking point was the three-level garage and how far it would be set back from Alton Road.\u00a0<\/p>\n \u201cMy concern is \u2026 what that block of Alton Road is going to look like,\u201d board member Scott Needleman said, adding that it\u2019s potentially creating a 75-foot high and 325-foot long fa\u00e7ade. \u201cYou could end up with a wall.\u201d\u00a0<\/p>\n Although a city staff member said the development will be set back from Alton Road, Berg later declined to provide to The Real Deal the exact distance.\u00a0<\/p>\n If the setback is increased, the project would have to rise higher than the planned 150 feet to accommodate all planned parking spaces, Berg told the board.\u00a0<\/p>\n \u201cWe are open to having a little bit more height and having the setback on the garage,\u201d he said.\u00a0<\/p>\n The original plan called for a 180-foot tall building, but Infinity decreased it to 150 feet following city staff members\u2019 feedback, he said.\u00a0<\/p>\n Infinity Collective bought the development site in September from Michael Shvo\u2019s eponymously named firm through a deed in lieu of foreclosure for $28.3 million<\/a>. Shvo had assembled the land, formerly home to the Epicure Gourmet Market & Cafe, for a total of $39.3 million, with plans for 17,000 square feet of offices and five apartments. Miami Beach officials approved that plan in 2023.\u00a0<\/p>\n The deed in lieu of foreclosure came as Shvo\u2019s Miami Beach investments crumbled. He sold his marquee project, the 3-acre Raleigh Miami Beach hotel where he also planned a condo project, to Nahla Capital for $270 million<\/a> in October.\u00a0<\/p>\n
![\"Transamerica](\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/04\/Germans-take-haircut-while-Shvo-makes-out-on-hairy-deal-for-Transamerica-200x133.jpg\")
\t\t\t\t\t\t\t\t\t\t\t<\/p>\n