The North Miami Beach City Commission unanimously approved a 19-story mixed-use project called 5 Park on
Thursday.
The 862,217-square-foot project – featuring apartments, office and retail – was designed by Kobi Karp Architecture
and would be developed by Macken Cos. It would be located on the 2.82-acre site at 16955, 17005, 17017, 17035 and 17071 W. Dixie Highway.
The retail and office center from the 1970s that’s currently on the property would be demolished. It’s just north of the
city tennis center and a few blocks south of Greynolds Park.
The 5 Park project would feature two 19-story towers with 415 apartments, 71,637 square feet of offices and 30,210 square feet of retail. There would be a six-floor amenity between the towers with a pool, fitness center and club room, and an 893-space parking garage. The apartments would average 878 square feet and range from one to three bedrooms.
“I have lived here my entire life,” Macken Cos. principal Alan S. Macken said. “Our team looks forward to enhancing our community with a mixed-use project that promotes the ability to live, work, play and shop within the great city of North Miami Beach.”
As part of the deal, Macken’s company has agreed to buy the parking lot at 16955 W. Dixie Highway from the city for $175,000 and include at least 26 public parking spaces in 5 Park. That money would count toward the developer’s impact fees for the project. The developer has yet to announce a timeline for groundbreaking.
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