Contact Us
How Can We Help You?

Please, leave us your message.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Are we seeing last days of Byron Carlyle Theater??

Cashflow In Miami
October 6, 2020

500 71st Street, Miami Beach, FL33140

Most recent home to O Cinema -from 2014, this iconic building might make way to a  new development.

Seven-story building with 114 micro-size residential units is the offer on the table to replace current legendary theater. The public-private partnership proposal comes from Menin Hospitality and KGTC, which is led by Matis Cohen, Marisa Galbut, Jared Galbut and Keith Menin is on the table at this time...

The city has mandated that every bid must contain 10,000 square feet of a cultural component as a public benefit. The Byron's plan includes a cultural center with a performance theater and programs and classes available to the community. The Byron Carlyle building measures approximately 25,250 square feet.

As part of the deal, the city would maintain ownership of the property and enter a long-term ground lease with the developers, who would demolish the theater and build a new seven-story structure.

Throughout the lease, developers would finance, operate, and maintain the building.

The Byron and Carlyle Twin Theatre, named for the cross streets it lies between opened in 1968, with the premiere of Jackie Gleason's Skidoo. In 2002, the theater shut down and was acquired by the City of Miami Beach from the Wometco chain for $1.7 million. It was reworked into a playhouse where local arts groups such as Stage Door Theatre staged productions.

In 2014, the Byron Carlyle was leased to the independent theater O Cinema, which made some renovations and screened films until 2019, when the city decided not to renew the lease because of the building's deteriorating condition. Necessary repairs were estimated to cost $3.2 million.

Theres a group of local North Beach residents headed by Ariana Reguant, an administrator of NoBe News, a Facebook page run by three residents who share news about North Beach, petioning to keep the iconic building.

Designed by famous MiMo architect A. Herbert Mathes,  apparently, this might be his remaining buidling.

Petition attached to this blog:


Latest Posts

Read More

Starting 2021 With a Bang!

Two major sales have occurred in January, 2021 , giving this year one brisk jump start!! First major office tower will be the purchase by The Related Company Phillips Point office towers in West Palm Beach for $282 million.

Read more
Read More

Aston Martin Residences Rising!

Super Yacht Marina facilities, 24-Hour valet and self-parking option. Charging stations for electric cars, Bicycle and private storage spaces. Digital connection to concierge and all building amenities from every residence. Pet-Friendly.

Read more
Read More

Oceanfront News

In the largest sale, a company called Dome Realty dropped $35 million for 11.3 acres at 1174-1185 Hillsboro Mile, which is zoned for multifamily and could house up to 168 units, the Business Journal reported.

Read more
Read More

$125 Million Dormitory Rising!

5801 S Dixie Hwy, South Miami, FL 33143, USA. The project is a four minute walk from the South Miami Metrorail Station. It will include an eight story building. The student housing development will have a total of 99 units with 326 beds. Each unit will be equipped with a private living room and kitchen.

Read more
Read More

Will Mishorim Ever Rise Up?

255 NE 1st St, Miami, FL 33132. Israel’s Mishorim has submitted plans to build Mishorim Towers in downtown Miami in July 2019....Mishorim Towers is proposed to include...

Read more