# Crescent Heights Files 43-Story Tower at 1575 Alton Road

Published: 2026-09-21 · Updated: 2026-10-22 · Author: Jeremías Kastensmidt

_A 43-story, 557-foot tower with 163 homes, 62 of them workforce rentals, is proposed on the Firestone site at 1575 Alton Road. It would be two feet shorter than the Diamond towers._

Crescent Heights has filed plans for a 43-story, roughly 557-foot tower at 1575 Alton Road in Miami Beach, [Florida YIMBY reported](https://floridayimby.com/2026/09/42111.html) on September 21, 2026. The proposal has 163 homes, 62 of them workforce rentals, and it is being filed under Florida's Live Local Act, which lets a qualifying project seek administrative approval instead of going through the city's public boards. If it is built as filed, it would stand two feet shorter than the 559-foot {{building:blue-diamond}} and {{building:green-diamond}} towers, the tallest buildings in Miami Beach, both completed in 2000.

## What the filing proposes

The site sits on the east side of Alton Road between 15th Terrace and 16th Street, in the Flamingo/Lummus part of {{neighborhood:south-beach}}. It is home to a 1935 Firestone tire building that now houses a restaurant. [Floridian Development](https://floridiandevelopment.com/crescent-heights-proposes-one-of-miami-beachs-tallest-buildings-at-1575-alton-road/) reports that the building is not historically designated.

- **Homes:** 163 in total. The 62 workforce units on the lower floors are rent-restricted for households earning up to 120 percent of area median income.
- **Workforce rents:** maximums from $2,862 a month for a studio to $4,249 for three bedrooms, according to Floridian Development.
- **Other space:** about 4,107 square feet of indoor amenities, plus a pool and terraces, and about 1,739 square feet of retail on Alton Road.
- **Parking:** 149 car spaces and 170 bicycle spaces in a podium.
- **Team:** Crescent Heights through ARRP Miami IV, LLC, with RSP Architects.

## How the plan grew

The previous plan for the site was an 18-story tower of about 225 feet with 92 residences, 37 of them workforce units. The new filing more than doubles the height and adds 71 homes. Live Local lets qualifying projects exceed local height and density limits when a set share of the homes is kept affordable, which is how the workforce units and the extra height arrive together.

## How it compares with the South Beach market

The blocks right around the site are low-rise and mid-rise. A 43-story tower would rise well above the condo towers of West Avenue a few blocks south, the tallest of which have about 35 floors.

The broader market it would deliver into is soft. Over the last 12 months, 973 South Beach condos sold at a median of $611 per square foot. With 925 listings active as of October 13, 2026, that is about 11.4 months of supply. Our Market Index for South Beach reads 33, which favors buyers.

The two Diamond towers give a sense of what height and views command. Green Diamond's 10 sales over the past year closed at a median of $1,261 per square foot. Blue Diamond's seven closed at $1,109. Both are oceanfront on Collins Avenue, though, while 1575 Alton sits on the bay side of the island.

{{chart:neighborhood_ppsf south-beach}}

## What it means for owners and buyers

**This is an application, not an approval.** No construction start, sales launch or pricing has been announced. The filing says only that the 62 workforce units would be rentals. It does not say whether the other homes would be sold as condos or rented.

**Little public review.** Because it was filed under Live Local, neighbors would not get the usual board hearings to weigh in on height and density. Owners nearby who want to follow it should watch the City of Miami Beach's permit records.

**The developer's local record.** [Crescent Heights](/developers/crescent-heights) is credited with 12 buildings on Own.Miami, all built between 1961 and 1990. Its Developer Score is 45 (C plus), and units in its buildings ask a median of $512 per square foot, against $694 for Miami as a whole.


## Frequently asked questions

**Is the 1575 Alton Road tower approved?**

No. As of October 13, 2026 it is a filing seeking administrative approval under Florida's Live Local Act. No construction start, sales launch or pricing has been announced.

**How tall would the 1575 Alton Road tower be?**

About 557 feet, two feet shorter than the 559-foot Blue Diamond and Green Diamond towers on Collins Avenue, the tallest buildings in Miami Beach.

## Sources

- Crescent Heights Proposes 43-Story, 557-Foot Tower At 1575 Alton Road In Miami Beach - Florida YIMBY: https://floridayimby.com/2026/09/42111.html

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