The Jerrico Apts: A Story to be Continued 235 78th St

The year is 1951. Miami Beach basks in its golden age, buzzing with energy and a touch of glamor. Amidst this vibrant scene, the Jerrico Apts Hotel rises on 78th Street, a testament to The Post War Modern Era known as MiMo or Miami Modern Architecture. Designed by the visionary architect Tony M Sherman, who designed iconic landmarks such as the Art Deco Welcome Center and the Ocean Surf Hotel, shaping the city's architectural landscape. Its clean lines, geometric shapes, and pops of color echoed the optimism of the era, welcoming travelers seeking sun, sand, and the magic of the city. Owning a property crafted by such a visionary architect adds a unique layer of prestige with historical significance.
Decades passed, and the Jerrico Apts witnessed countless stories unfold within its walls. Laughter filled the hallways, dreams were dreamt in its rooms, and memories were etched onto its very fabric. But time, like the ocean tide, leaves its mark, and the Jerrico Apts finds itself yearning for a new chapter and a glorious future.
This is where you come in.
Step into the shoes of a Visionary, and transform this 25-unit historic gem! Imagine luxurious accommodations catering to modern travelers, either through stylish boutique hotel rooms offering intimate experiences steeped in history, or spacious studio and one-bedroom apartments for flexible stays. With twenty 1-bedroom units, most with a flex space large enough for an extra bedroom and 6 studios, the potential for a thriving destination is undeniable. Seize this opportunity to blend the property's rich heritage with modern flair, breathing new life into a beloved landmark.
Owning a piece of the Jerrico Apts isn't just about bricks and mortar. It's about owning a piece of Miami Beach's vibrant past and shaping its exciting future. Contribute to preserving and revitalizing a beloved neighborhood while enjoying the rewards of owning a unique and valuable asset.
While Miami Beach strictly regulates short-term rentals, 235 78th St shows promising potential for operation under its current zoning and historic preservation status as per Sec 142-1111(d). The owners have proactively undertaken significant upgrades, including window and door replacements, short-term compliant AC units, railing updates, and an electrical main panel revamp – all completed with city permits. However, becoming a fully operating short-term rental still requires specific steps set by the City of Miami Beach. Please reach out for more information regarding these steps, along with consulting a specialized legal professional and the city's Planning Department.
But the story doesn't end there. In 2021, the North Beach Community Redevelopment Agency (CRA) was established, dedicated to revitalizing the area around the Jerrico Apts. This collaboration opens doors to various initiatives, from infrastructure improvements to public art and cultural programs, further enhancing the potential of your investment.
Furthermore, Miami Beach offers tax incentives for historic buildings, encouraging preservation. Federal, state, and local programs provide credits, exemptions, and abatements for qualified improvements.
Remember, seeking expert guidance ensures informed decisions and avoids legal hurdles when navigating these complex regulations.
Tucked between the upscale Bal Harbor to the north, North Bay Village to the west and world famous South Beach to the south, North Beach hums with an untamed potential. Unlike its polished neighbors, it offers hidden gems, serene parks, and MiMo architecture whispering its own story. While transformation ripples at its edges, its soul craves authenticity. Miami Beach's North Beach is experiencing a development boom, with nearly 600 condos, 100+ apartments, retail space on the horizon and the recently completed 12-story waterfront Monaco Yacht Club and Residence. Designed by renowned architectural firm Arquitectonica with interiors designed by Piero Lissoni this 37 unit residences and 2 half-floor penthouses exuberates glitz and glam of the French Riviera inspiration offering luxury residences and exceptional amenities. This boom follows a 2017 voter-approved density increase, attracting developers like Galbut, Cohen, Lefferts, Shcer, and Blavatnik. Some notable projects include 72 Park (206 condos), Ella Miami Beach (95 condos), 72 Collins Condominium (231 units), and a mixed-use project by Blavatnik and Scher, Robert Finvarb (14-story tower with apartments and commercial space off of 71st), and Aria Mehrabi (12-story tower with 170 residential units anchored by a 25,000-square-foot Target at 6948-6988 Abbott Avenue and 6957-6965 Byron Avenue). With over $150 million invested in land purchases since 2014, North Beach is poised for a significant transformation.
This isn't just about buying a property; it's about embracing a legacy and becoming part of a community. It's about rewriting the story of the Jerrico Apts, blending its rich history with modern brilliance to create a landmark destination in Miami Beach.
Contact us today to schedule a viewing and unlock the hidden potential within 235 78th St. Let's rewrite this story together.