Image: Active construction site for the Shops at 5th and Alton
The Shops at 5th and Alton, which will include 185,000 sq. ft. of vertical retail space and a 943 space parking garage at the 5th street entrance to South Beach, has begun to see activity on its site. U.S. Century Bank is financing development for the Berkowitz Development Group and Potamkin family. The Shops at 5th and Alton will serve as a development anchor for the West Avenue Corridor and SoFi, and further fill-in retail activity along 5th Street.
This project is also significant for shifting economic activity towards the west side of South Beach as well as integrating a novel vertical-retail approach that has worked quite well at Dadeland Station. Publix has signed a letter of intent for space in the new facility.