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R5F,R5G, R7A_ OCEAN TERRACE - COMMISSION 2nd READING_2019 07 31 FINAL_R2Commission 2nd Reading | July 31, 2019 Ocean Terrace 73rd Street OCEAN TERRACE STREETSCAPE MIAMI BEACH CITY COMMISSION 2nd READING JULY 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace Play Video 2 Commission 2nd Reading | July 31, 2019 Ocean Terrace COMMUNITY VISION 3 Commission 2nd Reading | July 31, 2019 Ocean Terrace PLAN NOBE : 2015-2016 “During the charrette, North Beach stakeholders stated that new development on Ocean Terrace should create a premium beachfront street that could include dining and retail at ground level.Participants did not want to be excluded from Ocean Terrace, they wanted more access and more destinations.” “Alternatively, participants in the plan creation process expressed an interest in an exclusively pedestrian space similar to Ocean Drive or Española Way but with a greater emphasis on trees and plantings, pedestrian amenities, and views of nature.” 4 Commission 2nd Reading | July 31, 2019 Ocean Terrace OCEAN TERRACE NEIGHBORHOOD MASTER PLAN: 2018 -2019 5 Commission 2nd Reading | July 31, 2019 Ocean Terrace PUBLIC PROCESS : 2015 -2019 PLAN NOBE : 2015-2016 •Public Design Process Kick Off (11.23.15) •Mayor Appoints North Beach Master Plan Steering Committee (Jan 2016) •Public Hands On Charrette (2.11.16 Through 2.18.16) •Public Work In Progress Presentation (2.18.16) •Unveiling of Final Proposed NOBE Plan (8.31.16) •Steering Committee Votes Unanimous Approval of Plan NOBE (9.20.16) •Commission Approval (10.19.16) OCEAN TERRACE NEIGHBORHOOD MASTER PLAN : 2018-2019 •Steering Committee Meeting #1 (06.12.18) •Steering Committee Meeting #2 (07.11.18) •Community Presentation (07.19.18) •Steering Committee Meeting #3 (08.29.18) •LUDC Recommended the Commission Refer the Master Plan to the Finance Committee (10.31.18) •Commission Approval and Referral to Finance Committee (12.12.18) •Finance Committee Directs City Staff to Explore Options to Pay For Improvements (2.22.19) •Commission Refers Concept Of Street Vacation To Finance Committee (3.13.19) •Finance Committee Recommends Negotiations to Complete the Master Plan Improvements Via the Street Vacation Process (3.22.19) •Commission Accepts Recommendation of Finance Committee and Refers Street Vacation To Planning Board (4.10.19) 6 Commission 2nd Reading | July 31, 2019 Ocean Terrace PUBLIC INPUT MEETINGS •ST. TROPEZ CONDO ASSOCIATION MEETING #1 (3.5.19) •PUBLIC DESIGN CHARRETTE (3.20.19) •NORTH BEACH STAKEHOLDER MEETING (4.10.19) •ST. TROPEZ CONDO ASSOCIATION MEETING #2 (5.1.19) •PUBLIC DESIGN PRESENTATION (5.13.19) •BANDSHELL/ST TROPEZ LOGISTICS MEETING (6.7.19) •NORTH BEACH NEIGHBORHOOD ALLIANCE (6.7.19) •CITY PUBLIC INPUT SESSION (6.12.19) •ST TROPEZ FOLLOW UP MEETING (6.24.19) •ST TROPEZ FOLLOW UP MEETING (7.26.19) CITY LEGISLATIVE BOARD MEETINGS •PLANNING BOARD (5.21.19) Approved 7-0 •LAND USE DEVELOPMENT COMMITTEE (LUDC)(5.22.19) Approved 3-0 •FINANCE COMMITTEE (FCWPC)(6.14.19)Approved 3-0 •COMMISSION MEETING 1ST READING (6.26.19)Approved 7-0 •COMMISSION MEETING 2ND READING (7.31.19) PUBLIC OUTREACH 2019 7 Commission 2nd Reading | July 31, 2019 Ocean Terrace PUBLIC CHARRETTE OUTPUT •“Less Cars” •“Tree Canopies” •“Water Elements” •“Bike & Walking Paths” •“Love Elevated Concept to see Ocean” •“Add Street Cafes” •“Outdoor Seating” •“Beach Amenities” •“Uber drop-off areas” •“Plenty of shade” 8 Commission 2nd Reading | July 31, 2019 Ocean Terrace WHAT WE LEARNED : PUBLIC INPUT FOCUS ON PEDESTRIANS AND ACTIVATION •Make more pedestrian focused •Support closing the street to cars completely •Connection to north and south parks & Western Neighborhood SHADE AND LUSH VEGETATION •Improve Beach walk and pedestrian access •Less pavement. Incorporate more green areas. •Add Shade Trees and lawn areas for events IMPLEMENT EXTREME TRAFFIC CALMING •Eliminate the “highway” effect on Ocean Terrace •Major traffic calming needed to reduce or eliminate vehicular traffic •Control vehicle drop off areas ELIMINATE STREET PARKING •Support eliminating street parking on Ocean Terrace ENHANCE SECURITY AND LIGHTING •Security and lighting are important considerations •Incorporate design elements that create a safe and secure environment COMMUNITY VISION 9 Commission 2nd Reading | July 31, 2019 Ocean Terrace IMPLEMENTATION 10 Commission 2nd Reading | July 31, 2019 Ocean Terrace PLAT MAP : HARDING 11 Commission 2nd Reading | July 31, 2019 Ocean Terrace STREET VACATION 12 Ocean Terrace :25,200 SF 75th Street :11,840 SF 74th Street : 8,880 SF TOTAL :45,920 SF Commission 2nd Reading | July 31, 2019 Ocean Terrace VACATION AREA VS. PROJECT AREA STREET VACATION AREA (~1 acre)PROJECT AREA (~5 acres) c e Ocean Terrace 73 rd St r e e t 74 th St r e e t 75 th St r e e t 13 Commission 2nd Reading | July 31, 2019 Ocean Terrace DEVELOPMENT AGREEMENT & COMMUNITY BENEFITS 14 Commission 2nd Reading | July 31, 2019 Ocean Terrace DEVELOPMENT AGREEMENT •COST : Developer will complete the Streetscape Project at Developer’s sole cost and expense (except for minor application fees) •DESIGN APPROVAL : All Streetscape Project plans and specifications are subject to the City’s regulatory and proprietary approval •VACATION : Developer will grant the City an irrevocable perpetual easement over the vacated ROWs for continued public access •TIMELINE : •HPB hearing anticipated to occur no later than 12 months after the DA is signed •Phase 1 of the Streetscape Project (all but ~1 acre) completed in 48 months •Phase 2 of the Streetscape Project completed in 96 months •Developer’s Project to be completed in 96 months •SECURITY / GUARANTEES : •City will receive a bond or a letter of credit to guarantee Developer’s obligations •City will not issue COs for Developer’s Project until the Streetscape Project is completed •Developer may not transfer its obligation to build the Streetscape Project to unrelated entities or to another developer •Guarantees the Streetscape Project is built on time, as approved, and for the public’s continued benefit 15 Commission 2nd Reading | July 31, 2019 Ocean Terrace NOTABLE UPDATES SINCE 1ST READING 16 •ECONOMIC FORCE MAJEURE : reduced to 30 mo. (from 36 mo.) •LANDSCAPE ARCHITECT : design by Raymond Jungles or as approved by the City •EASEMENT AGREEMENT : language strengthened to document the public’s perpetual access and use •TERM : The duration has been shortened by 7 years. •ZONING : Developer’s Project may only include 1 tower > 125 ft and must have at least 75 hotel units •BUILDING PERMIT : Developer can only receive a Permit for its Project after the City issues a Permit for the Park/Streetscape •FINAL CO : Developer can only receive a CO for its Project after the City issues a CO for the Park/Streetscape •EXTENSION : reduced to 24 mo. (from 36 mo.) for completion of the Developer’s Project •PARKING : restrictions for Developer/contractor construction parking on weekends and holidays; Developer will reimburse the City for 75% of potential losses related to the valet parking operations at 75th and 80th Street (up to $100,000); Developer will build a temporary gravel parking lot on one of the West Lots for overflow valet/construction parking (if the City Commission adopts necessary amendments to the City Code) Commission 2nd Reading | July 31, 2019 Ocean Terrace COMMUNITY BENEFITS SIGNIFICANT ECONOMIC BENEFITS, AS CALCULATED BY THE CITY’S INDEPENDENT CONSULTANT: •Creates 1,270 direct/indirect construction jobs annually ($122 million in labor income) •Creates 115 net new direct full-time equivalent jobs •Generates $17.2 million in total annual wages available for expenditure at surrounding businesses •$2.2 million to the City in permit and related fees •Revenue Summary* to City in the table below: SUBSTANTIAL PUBLIC BENEFITS: •Delivers beautiful new park and streetscape improvements to North Beach valued at $15.0 million •Design by internationally recognized Landscape Architect, Raymond Jungles •Implements the Ocean Terrace Neighborhood Urban Design Plan •Catalyzes the North Beach revitalization * All figures are approximate 17 Commission 2nd Reading | July 31, 2019 Ocean Terrace EXISTING CONDITIONS 18 Commission 2nd Reading | July 31, 2019 Ocean Terrace SITE PHOTOS 75TH STREET LOOKING SOUTH 19 Commission 2nd Reading | July 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace SITE PHOTOS 20 Commission 2nd Reading | July 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace SITE PHOTOS 21 Commission 2nd Reading | July 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace CURRENT STREET CONFIGURATION 7 5 t h S t r e e t 7 4 t h S t r e e t 7 3 r d S t r e e t Collins Ave Ocean Terrace N.T.S 22 Commission 2nd Reading | July 31, 2019 Ocean Terrace PRECEDENTS & PROPOSED DESIGN 23 Commission 2nd Reading | July 31, 2019 Ocean Terrace PRECEDENT STUDIES 24 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED CONCEPTUAL PLAN 7 5 t h S t r e e t 7 4 t h S t r e e t 7 3 r d S t r e e t Collins Ave Ocean Terrace 25 Commission 2nd Reading | July 31, 2019 Ocean Terrace LABELED CONCEPTUAL PLAN OCEAN TERRACE 26 Commission 2nd Reading | July 31, 2019 Ocean Terrace 73RD STREET ENLARGEMENT Commission 2nd Reading | July 31, 2019 27 Commission 2nd Reading | July 31, 2019 Ocean Terrace 74TH STREET & OCEAN TERRACE 28 Commission 2nd Reading | July 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace 75TH STREET & OCEAN TERRACE 29 Commission 2nd Reading | July 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace SITE SECTIONS 30 Commission 2nd Reading | July 31, 2019 Commission 2nd Reading | July 31, 2019 Ocean Terrace CURRENT STREETSCAPE 31 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED STREETSCAPE 32 Commission 2nd Reading | July 31, 2019 Ocean Terrace CURRENT STREETSCAPE 33 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED STREETSCAPE 34 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED STREETSCAPE 35 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED STREETSCAPE 36 Commission 2nd Reading | July 31, 2019 Ocean Terrace EXISTING STREETSCAPE 37 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED STREETSCAPE 38 Commission 2nd Reading | July 31, 2019 Ocean Terrace PROPOSED STREETSCAPE 39 Commission 2nd Reading | July 31, 2019 Ocean Terrace THANK YOU! 40 Commission 2nd Reading | July 31, 2019 Ocean Terrace OVERLAYS 41 Commission 2nd Reading | July 31, 2019 Ocean Terrace STREET VACATION AREAPROJECT AREA VACATION AREA VS. PROJECT AREA 42 Commission 2nd Reading | July 31, 2019 Ocean Terrace PHASING PLAN PHASE 1 PHASE 2 Commission 2nd Reading | July 31, 2019 Ocean Terrace TIMELINE 44 Commission 2nd Reading | July 31, 2019 Ocean Terrace STREETSCAPE TIMELINE THE STREETSCAPE PROJECT TIMELINE YEARS 1 YR 2 YR 3 YR 4YR MONTHS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 DA EXECUTED 1 1 mo DESIGN FOR HPB 6 6 months SUBMIT FOR HPB 4 4 months HPB HEARING 1 1 mo DESIGN DEVELOPMENT 3 3 months BUDGET / PRICE CHECK 2 2 months CONSTRUCTION DRAWINGS 4 4 months BIDDING / NEGOTIATION 0 3 months PERMITTING 8 8 months CONSTRUCTION 16 16 months SUBSTANTIAL COMPLETION 1 1 mo 46 months 45 Commission 2nd Reading | July 31, 2019 Ocean Terrace DEVELOPMENT PROJECT TIMELINE DEVELOPMENT PROJECT TIMELINE YEARS 1 YR 2 YR 3 YR 4 YR 5 YR 6 YR 7 YR MONTHS 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 DA EXECUTED 1 1 mo DESIGN FOR HPB 6 6 months SUBMIT FOR HPB 4 4 months HPB HEARING 1 1 mo FINALIZE HOTEL BRAND 4 4 months DESIGN DEVELOPMENT 6 6 months BUDGET / PRICE CHECK 2 2 months CONSTRUCTION DRAWINGS 8 8 months BIDDING / NEGOTIATION 0 4 months PERMITTING 1 12 months SALES 14 14 months CONSTRUCTION 36 36 months PROJECT OPENING 3 3 months 86 months 46 Commission 2nd Reading | July 31, 2019 Ocean Terrace LAND USE 47 Commission 2nd Reading | July 31, 2019 Ocean Terrace LAND USE Commission 2nd Reading | July 31, 2019 Ocean Terrace ZONING Commission 2nd Reading | July 31, 2019 Ocean Terrace THANK YOU! 50 Commission 2nd Reading | July 31, 2019 Ocean Terrace SUPPLEMENTAL 51 Commission 2nd Reading | July 31, 2019 Ocean Terrace PLAT MAP : HARDING 52 Commission 2nd Reading | July 31, 2019 Ocean Terrace ECL OVERLAY Commission 2nd Reading | July 31, 2019 Ocean Terrace ECL OVERLAY Commission 2nd Reading | July 31, 2019 Ocean Terrace STREET END DIAGRAMS Commission 2nd Reading | July 31, 2019 Ocean Terrace STREET END DIAGRAMS