CLIENT NEWS: Developer Proposes Mixed-Use Parking Garage In South Beach

March 31, 2022

A developer has submitted an unsolicited proposal to replace a municipal parking lot in South Beach with a mixed-use structure.

Location Ventures, LLC is proposing to build a project at 1262 Collins Avenue with the following:

  • 169 parking spaces
  • 8,167 square feet of ground floor retail
  • 8,524 square feet of Class A office space

The maximum height of the new garage will be 75 feet. Borges is the architect.

Currently, there is a 60-space parking lot on the site bringing in average annual revenue of $380,729.50 to the city. Location Ventures is asking for a 99-year lease on the land in order to build the project.

The City of Miami Beach Finance and Economic Resiliency Committee is scheduled to discuss the proposal. In a memo, the City Manager said she thinks if there is to be a development, it should be done through a competitive bidding process.

Published on March 30, 2022 on

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