{"id":405385,"date":"2026-09-20T13:42:14","date_gmt":"2026-09-20T13:42:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/405385\/"},"modified":"2026-09-20T13:42:14","modified_gmt":"2026-09-20T13:42:14","slug":"developers-seek-to-restore-historic-hotel-and-build-25-story-tower-at-1501-collins-avenue-miami-beach-florida","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/405385\/","title":{"rendered":"Developers Seek to Restore Historic Hotel and Build 25-Story Tower at 1501 Collins Avenue, Miami Beach, Florida"},"content":{"rendered":"<p> <img width=\"777\" height=\"450\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-19-at-11.12.28-PM-777x450.png\" class=\"u-photo wp-post-image\" alt=\"\" decoding=\"async\" fetchpriority=\"high\"  \/>Image by Floridian Development<\/p>\n<p class=\"entry-meta\"> By: <a rel=\"author nofollow noopener\" class=\"fn p-author h-card\" href=\"https:\/\/floridayimby.com\/author\/colt\" target=\"_blank\">Colt Dodd<\/a> 7:15 am on September 20, 2026<\/p>\n<p>The Live Local Act could pave the way for a project that would involve restoring and expanding on the Bancroft Hotel in Miami-Dade County.<\/p>\n<p>Developers Pebb Capital, Maxwell Real Estate Group, and GFO Investments want to restore the historic art deco hotel built in 1939 and replace its dining space (located separately from the hotel and built in the 1990s) with residences and hotel keys.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-42102\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/09\/Screenshot-2026-09-19-at-11.12.55-PM.png\" alt=\"\" width=\"1200\" height=\"694\"  \/><\/p>\n<p class=\"wp-caption-text\">The mixed-use venture would comprise more than 400,000 square feet of new construction. Image by Floridian Development<\/p>\n<p>The project calls for a 25-story tower that would comprise 487,633 square feet of build-up-area space. It would host 124 residences; fifty would be designated as workforce housing for households earning at or below 120 percent of the area median income (AMI). They would average about 470 square feet each. The remaining 74 residences would be luxury condos \u201coffering some of the best views in the area,\u201d per <a href=\"https:\/\/floridiandevelopment.com\/developers-plan-25-story-live-tower-at-1501-collins-avenue-while-sparing-the-historic-bancroft-hotel\/\" rel=\"nofollow noopener\" target=\"_blank\">Floridian Development<\/a>.<\/p>\n<p>Residents of the workforce units and luxury condos will share communal amenities, some of which include a resort-style swimming pool\/deck and various undisclosed interior amenities. Additional features of the 325-foot-high tower include 42 hotel rooms. Guests of the hotel will have access to their own set of offerings, some of which include a restaurant and swimming pool.<\/p>\n<p>The redevelopment project is slated for <a href=\"https:\/\/maps.app.goo.gl\/R5NmCPxv2NHtJfSF7\" rel=\"nofollow noopener\" target=\"_blank\">1501 Collins Avenue, Miami Beach, Florida<\/a>, 33139, in Miami-Dade County.<\/p>\n<p> <a href=\"http:\/\/eepurl.com\/hud0UH\" rel=\"nofollow noopener\" target=\"_blank\">Subscribe<\/a> to YIMBY\u2019s daily e-mail<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A%2F%2Ffloridayimby.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/09\/1789911734_684_google_preferred_source_badge.png\" width=\"245\" height=\"40\" alt=\"Make YIMBY preferred on Google\"\/><\/a><\/p>\n<p><a href=\"https:\/\/instagram.com\/yimbygram\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBYgram for real-time photo updates<br \/><a href=\"https:\/\/www.facebook.com\/YIMBYFB\" rel=\"nofollow noopener\" target=\"_blank\">Like<\/a>\u00a0YIMBY on Facebook<br \/><a href=\"https:\/\/twitter.com\/yimbytweets\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Follow<\/a> YIMBY\u2019s Twitter for the latest in YIMBYnews<\/p>\n<p><a href=\"https:\/\/floridayimby.com\/category\/uncategorized\" rel=\"category tag nofollow noopener\" target=\"_blank\">Uncategorized<\/a><\/p>\n<p style=\"display: inline;\">. <\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"Image by Floridian Development By: Colt Dodd 7:15 am on September 20, 2026 The Live Local Act could&hellip;\n","protected":false},"author":2,"featured_media":405386,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[123,125,124],"class_list":["post-405385","post","type-post","status-publish","format-standard","has-post-thumbnail","category-miami","tag-miami","tag-miami-headlines","tag-miami-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/405385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=405385"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/405385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/405386"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=405385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=405385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=405385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}