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Bank of America files to replace its Alton Road branch with a two-story bank

The bank plans to build the new branch beside its 1974 building at 1414 Alton Road, then tear the old one down, according to a permit application.

Map of Alton Road between 14th Street and 14th Terrace in South Beach, with a pin on the Bank of America branch at 1414 Alton Road
The pin marks the Bank of America branch at 1414 Alton Road, where the bank plans to build a new two-story branch. Photo: Red Sidewalks; map data © OpenStreetMap contributors / Red Sidewalks original; map data ODbL, via Red Sidewalks map

Bank of America has applied for a permit to build a new branch at 1414 Alton Road and then demolish the 1974 branch already on the site, city records show.

The application, filed Nov. 3, describes a phased project: the new bank goes up next to the existing one, and the old building comes down once it’s done. It was listed as applied for, not issued, on Wednesday.

The city’s Design Review Board approved the design in a case filed in October 2024: a two-story bank with drive-through lanes to replace the single-story branch and its drive-through, along with a variance that drops the requirement for a designated loading space.

The current building, on the west side of Alton Road between 14th Street and 14th Terrace, dates to 1974 and covers about 6,000 square feet of a 30,000-square-foot lot, according to the Miami-Dade Property Appraiser, which lists the bank as the owner.

The filing doesn’t give a construction schedule or say whether the branch will stay open during the work.

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