25-Story Mixed-Use Tower Proposed at 1501 Collins Ave

Pebb Capital has proposed a 25-story mixed-use tower at 1501 Collins Avenue in South Beach, including restoration of the Bancroft Hotel. The project will include 124 residential units, 42 hotel rooms, and 487,633 square feet, with architecture by Adrian Smith + Gordon Gill.

The tower will rise 325 feet with 185 parking spaces. Of the 124 units, 50 will be affordable, indicating the project is proceeding under Florida's Live Local Act.

Amenities include a resort-style pool and deck, shared indoor amenity space, and landscaped terraces. The hotel will have its own pool and a 21st-floor restaurant with terrace. A penthouse terrace with pool access tops the building.

The site sits near 15th Street, within walking distance of Lincoln Road and the beach, on a primary transit and trolley corridor.