Crescent Heights and Terra has revealed new renderings of the public park coming to 500 and 600 Alton Road, known as the Park on Fifth, as part of their deal to build a 44-story, 553’ tower at the gateway to South Beach. Russell Galbut and David Martin’s proposal was approved with an agreement to transform the former South Shore Hospital site with the tower, which is being designed by Arquitectonica, and the 3-acre park. The JV between Crescent Heights and Terra Group applied for a construction permit in late November 2019 and completion of the new park is expected for 2021. The park will also feature a bridge which will connect the South Pointe Park baywalk with the new Park on Fifth. When complete the tower will be among the tallest in Miami Beach and will feature 410 luxury units which the developer will be allowed to rent as short term rentals with a minimum term of 30 days per rental. Bridge construction will be funded by a $10 million General Obligation Bond which voters approved in November 2018.

Crescent Heights Reveals New Renderings of Park Coming To 500 Alton In South Beach

Penthouse at St. Regis Residences, Miami Under Contract For $47 Million 6.jpg

August 3, 2026

The St. Regis Residences, Miami Passes 80% Sold As Penthouse Goes Under Contract For $47 Million

A penthouse at The St. Regis Residences, Miami is under contract for $47 million, marking one of the largest and highest-priced condominium transactions in Brickell's history and highlighting continued demand for ultra-luxury residences in Miami's urban core. The buyer, a New York family relocating to South Florida, has placed the two-story Charles Penthouse under contract at the waterfront development in South Brickell.

Development Spotlight: Colette Residences

Situated between Brickell's vibrant financial district and the tree-lined streets of Coconut Grove, the South Brickell neighborhood has become one of the city's most desirable addresses for buyers seeking a more intimate luxury living experience while remaining connected to the energy of Miami's urban core.

July 31, 2026

Wellness and Longevity-Inspired Crown Jewel Penthouse at Rivage Bal Harbour Revealed For $75 Million

A new, and final, oceanfront estate-style penthouse is up for grabs for $75 million at Rivage Bal Harbour, a 25-story, 56-residence tower developed by Related Group, Rockpoint, and Two Roads Development. A standout feature is its dedicated "Longevity Suite"— an in-home wellness wing anchored by an “Ammortal Chamber” and hyperbaric chamber, alongside a sauna, steam room, circadian lighting throughout the residence, advanced air and water purification systems, sleep-optimized bedrooms and more.