GFO Pulls 28-Story Live Local Tower at 740 Alton Road
GFO Investments has withdrawn its 99-unit, 28-story Live Local Act tower at 740 Alton Road in Miami Beach, one of three Galbut projects pulled from review.
GFO Investments has withdrawn its proposed 99-unit tower at 740 Alton Road in Miami Beach, now listed as cancelled in city files. The 28-story, 225-foot project was planned under Florida's Live Local Act, with architecture by RSP Architects. The application was marked 'Withdrawn' as of October 2026.
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The tower was designed for an 18,870-square-foot lot that previously held an automotive building. Plans called for 99 residences, including 40 workforce housing units, meeting the Live Local Act's 40 percent workforce housing threshold in exchange for height and density bonuses. The site is owned by 740 Alton Road LLC, a GFO-affiliated entity.
The withdrawal came alongside two other Galbut-affiliated Live Local projects in Miami Beach, at 1575 Alton Road and 880 71st Street. City staff had stopped review of the applications over height or density concerns before the withdrawals were filed. The 740 Alton Road site has no active development proposal on file.
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Project File
- Address
- 740 Alton Road, Miami Beach, FL 33139
- Units
- 99
- Floors
- 28
- Height
- 225 ft
The Project File tracks every fact, change, company, and article we have on this development, cancelled as of our latest research.
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