The owners of the 120-unit apartment complex on Belle Isle known as Belle Isle Key have a new proposal to knock down the 1931-vintage complex and replace it with new apartments and parking.
Company representatives will meet with Belle Isle residents to show and explain its proposal on March 31 at 7 p.m. It’s expected to happen at Belle Plaza, 20 Island Ave.
The company, EuroAmerican Group, markets its properties under the name Key International. The company’s roots are in Spain . It is based in Miami and owns and operates apartments and hotels around the world.
In South Florida, they also own the Eden Roc and South Beach Marriott, and have built or own condos and apartment buildings in Bal Harbour, Sunny Isles and elsewhere.
The new proposal calls for 172 units in two buildings with a view corridor in between. It includes sufficient parking on site, something the current complex lacks. One version of the plan included a small park at the corner of Venetian Way and the bridge to Sunset Harbour, but the city asked EuroAmerican to provide a bay walk instead.
Belle Isle Residents Association President Scott Diffenderfer said the owners wanted to present the plans to residents for feedback before going back to Miami Beach to try and get approval. The project is likely to go the Miami Beach Design Review Board in May.
This will be the third time they have pitched a proposal to replace the complex of 120 units in four, three story buildings. The original structures at 31 Venetian Way were used as barracks to house troops in World War II and were low-income housing until they were renovated more than 20 years ago.
In 2009 and 2010, EuroAmerican went to the city with designs that called for 181 apartments in two five-story buildings, including a 315-space parking garage topped by two tennis courts. The city Design Review Board approved a plan that trimmed one floor from the easternmost building, and eliminated eight apartments.
The developer appealed that decision to the city commission in November 2010. EuroAmerican wanted the fifth floor, The company sued in January 2011, but Miami Beach prevailed in court in January 2012.
They came back in May 2015 with a new proposal, but that effort stalled.