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R7 A West Avenue Development Agreement Presentation - Item R7 A Y . Development Agreement for amok 1250 1247,? 1255 West Avenue 1234 13 Street in� 10M . ::is '�� µ�!'J#■• ■a#a.fl1,1 ■ 1lxl la fw! 's!llaa _ __— • :=.. ��� _. -� sue' C� If� ,� ..� ��_N�, �S�# :�::� *';� T__•�� y�A � Y■■ _ _ ri _. .��.t.• - _h��.� •�#rl� — � - _ !' lift^- . # — �'^ '°� '�.•�,•�-,J"� '�_ ,- �.,. #■.'a� . : ��,� -`� �'!��� ■ice k +r■i se�•a•r=. ■1*�� a �� +, � � 3 4`4 •� !! Z� C!a C'i IRS�� _ _ _ -- �'„ �: ,^,�f•T" " "'ymph, IRA•: �'�a �h ■■R t i!u #* ftwo "trot lrlyi� ■"Doi : #� ti. � � � �■yam d�r� � �a• � A Y _ �� rl■! �� ya '�;':� ...�J�,:.••a,�� ■rl.'fal+ ol n,qn� TM:ar•n44ARJ 1 ■rll::.la �* RE 14 B u �Q '� r�R� nl1 qlt �u4 {a"�" z: f■� r' r� R �_+ '!-+.,� ■ie 1 Millis WWI, ~ �y •, .. •�� �{'�iV ;�' f#yam ■fs� C_F 1 'ti. ��iadt -�s�r ?1 "y-r _. ,a •7 - r ATM -1 "! ■!*71 � II rz::" ML 14T - — . rn T. -_ D ` m - TH ST 1250 West Ave Bikini Hostel 4 r } IL A r *- Subject - J"� - � 12T" ST Properties r '. Timeline for Acquisition and Demolition of Hostel Site Acquire Bikini Hostel Property, ensure tenant relocation, and demolish existing improvements I. Deadline for Closing a) PSA Earliest Possible Closing Date: September 4, 2025 b) Proposed Closing Deadline: September 30, 2025 II. Deadline for Relocation of Tenants/Client a) Under PSA seller to deliver vacant site at closing b) If not, Developer uses $1,000,000.00 of seller proceeds for relocation c) Proposed Deadline for Vacant Site: October 14, 2025 III. Deadline for Demolition a) Apply for demolition permit within 30 days of closing (by October 30, 2025) b) Demolish within 30 days of issuance of demolition permit c) Comply with vacant lot requirements after demolition within 30 days Future Use of Hostel Site Developer's Initial Proposal • ro to develop ark at Hostel Site ; p proposes p p � Developer oses concurrent with development of project _ City Administration Response. • Administration proposes 24-month decision window Ti _ to consider possible alternative public use of Hostel Site - � Developer Response - -k kL% • Developer seeks Declaration of Use specifying types of uses under consideration and timelines h Temporary Sales Center '� � ;�, � ,.rah T`? �. ;rr;. � -r •i1 -- - r= � Monad Terrace Sales Galler, 7w3 i.IF 70 { Mercedes-Benz Places in Miami Sales Gallery, Miami � 888 Brickell Dolce&Gabbana Sales Gallery, Miami Additional Points 1 . Expedited Arbitration Provision 2. Expedited processing of Public and Private Project approval applications and building permits • Required City Applications: • Design Review Board (DRB) for Park or alternative project • DRB for Baywalk segments • DRB for Private Project • Building Permits for Public and Private Projects Next Steps 1. Revise timelines for Hostel Site closing and demolition 2. Prepare Declaration of Use for City's potential alternative development of Hostel Site 3. Review economic analysis of proposed entitlements and revise public benefit package as necessary 4. Present final Development Agreement for approval on June 25, 2025 200 S. Biscayne Boulevard Suite 300, Miami, FL 33131 Thank You www.brzoninglaw.com 305.374.5300 office 305.377.6222 fax Info@brzoninglaw.com Covered Building Covered Residential and Lc) I � "Ilrsnswwn�ms � T Loading Dock Retail Dropoff -�.— _ NYx ar I T D'-7T _ 61i � i FSE9_ ,os fff v I r j I I "M FAL".AN05 ' I I I T FIPI� 6i7 I wa-3 ISSI�LI[Rrl ru,nrwr�r MGMxmArr I � lrrd{lu61u yrq+e, I I — P: — t I E:UP 1250 wealAvmue { IM DEC{ I I I .1Y p I I •Er&L!HCE #( {g F Pool HaIEM fF_aluiE �'} - UMM_ - IA®e ' fai]'PVWlP I I +TPI*'sY PMC�r411 AUU% I I �� � asl� _ � _ _ I. _ _ iLFCfiF4 Jo,u�..,u.0 WMIND 11 � - - -� - '"• ; _� [-J I- - - -� I �_ I - ir.ril011,u[ao MSNI U4 J arwW�wvrw'�. 'I I IN m � RAW ._ w.aE! i -- [`�aT�'�'� PrQ snewuncQs � Q BOHCIRCL,LATION RETAILENTRANCE SHORELINE ACCESS W-VI«T-M [! ORII WAY ouTmRAmENmIES POOL YJfe1145hP PETAL LANDSCAPED AREAS Q AMENmES ur.wev�s*e LEVEL 1 FLOOF PLAN PLAT! LEVEL 1-RESIDEN-FIAL LOBBY PLAN! tu4e A3.Q2 Proposed Project Overview µ '1 ij •y�} i• � - Pr r= fo' : Proposed Project Overview , LEVEL 1d TtlW-' LEVEL 15 TT-lR.D' I LEYEL 14 T+15&'•R' I LEVEL 13 T 04T-V I LEVEL 12 T+13&-W I 4�VEJL'PI I LEVR 10 197'_ T-Alff I LEM N T+1OW-2' I LEVEL07 T 4m,. ' T I ] LEVEL M T W.IU' T+4W4r — — -v LEVEL G3-LOFT W+41Y-' VEL RMMT MULTIPURPOSE tWRPOSE ROOM 43 yy-0' LOU ROOF W' � ——— LEVEL #+13'-0'NGVD LEgFL41 +4-1v- aE M 9Y GES13iM1I CR;P^F= -FFl i RET6&S-P E DECK +4'C' NGIM Lt4'EL- -12'4' - MGVD LEMELA2 4P-22'4' .,_, _ PARKING Proposed Project Overview µ Bay Walk 800 West Avenue is IrgIm fW Mpkm i - 'PW Ir • r r.rr ��r�pm m !�r�w�lY•�� I ' a -�� n+••*-.r '� -' •- - ire rn" �.� �'4`M'+'M M mr," - 7tr war R w .V *w• �* ^yY�T .yam f � �•w i!``� �T r' I NEif Yd`9J14'AriL # rxrlxa t.y• � �!' ��may- F }" F I Cgf}CpEfE - -� UNK .- l 11►� i i S _ Y `�i'A �'R - 44CKP - HF.W F44GFR - - VG'elig raw CQ%CMLTr rO-w v'hAYW%LK —L-N4 M.m pi-FIL --------. it h7` t4P.- L M 4 -rr---r------ --: --- -:-+-- --- i ' Bay GardenManorExisting i % Condition Existing Units: 238 ShortRentals: Permitted Year Built: 1964 Original Use: Health Care Center f � � 1 # Structural f ' Historical - sues Mold t Obsolete & In Poor Condition ,L ' i Bay Garden Manor Average Monthly Carry Cost per Unit $3,500.00 Including Maintenance, Existing Special Assessments, and Known Upcoming Capital Improvement Projects $3,038.85 $3,000.00 $2,685.86 $2,621.46 $2,500.00 $2,363.05 $2,305.38 $1,955.58 $2,000.00 $1,661.72 $1,497.82 $1,500.00 **Additional 55.39% increase projected by 2030 $1,066.31 $974.62 $1,000.00 $500.00 *100.65% increase between 2021-2025 $0.00 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Notes: * Based on actual maintenance and special assessment schedules over the period ** Based on historical maintenance increases and completed reserve studies Development Opt *ions RW $i. H e pp— Ott __ — �i Air ZF I. in��pC' - 4■ "fir r� .401 p'. .40 Or _ .n. �� cl ��� i � � ■r Proposed As-of-Right Development Redevelopment 777 Units • • ' • 286 Bulky, F squat massing w/minimal Short Term Rentals setbacks that Permitted obstruct views } u1 - -A - - -', Minimal setbacks required to distribute allowable floor area . y= Short and squat arrangement ' 1_ leads tom limited opportunities for architectural expression4 iy . Option • - - • • - �� q � �• w rd 1Y ~ ! ' � 'r 1! � ■� - - '1t '� •4, ■ j 4� ■ 1 1 ■ 1 1 IQ ■ 1 1 ■ - 1 1 # Ir * I' �. setback q 41 + u1� � • • © Proposed Redevelopment: Height reduced due to community input Y# M a r a Residential Units: 100-125 _ +' ,;= Short Term Rental Units- Prohibited r • ifr. �.r+�. 'R +r i Average Sized Unit- 2,000+ Sq Ft Family Sized = Units Compact tower footprint allows for 11111111110, riCw and shadGw 1.11NaLL$ r I , r r Opportuniti.,tn rrantp triip arrhitartiin, landmark in respectful contextual manner = - bw L r - __ Option • • • - . - . - - . . - *' r r,rjmm& � i3L3 - 13i11 i Tn r :7 42 feet 20 feet 90 feet 130 feet f Building Footprint Tier 2 Footprint . 7r a id Lek As-of-Right Pedestal y +" Proposed Pedestal Tiered Setback Strategy ,� 63 feet --= - - 50 feet 140 feet "� � -� 197 fee ;1 1 Tower Footprint Internal Courtyard Tower above p Footprint Tower Footprint � * , As-of-Right; Above 50 feet � _ - Proposed: Above 50 feet � t,,�, - �* -y," r ro"Unsightly', terraced rSe"tbaclk parking podium approach to at street and �► : .{. the street neighbors � Proposed Redevelopment (from West Ave) Impact to Neighbors: 1228 West Avenue µ neighborhoodF lo:ks'"I', OPP"— —"qql views of t7 Preserves views � �- Fl r7l Fl r r rl L r r7 1: C: C:-A:: F__ 17 C E:l . 0 � . -6 ll..lk. .. . r "'If V.. ' •� 4 � *Cc Proposed ' • � - - • • • • • • • • - • - • - - • • (fromNeighbor) Impact to Neighbors: Monad Terrace µ R ■ 4 1 � S I /1�■ Y u r �rl■rl■� ■ II Ir � „1�■ ■ II ,kr�■ I '� � II II � I �r ■ r ■■ i i,II�r Ir I'�C ■ � I �• - _ p ■+ + I,II � I I Imo■■ ■ ��� r ■■ q 1� ��■IF 'N,�Il�p�lrl�■ Y ��a F' r ■F1f. �r 11 rr f �.,h II Ir�ll I`7 ■ aa��R _ '�5 �' f� ■■ ■, rf 1 ,+^M 1il III • ■ '��-n - f ' '��+ ■■qM■■ ■■ f,�■r 1 M ,II II� III■# ■ .��� 11�� +,I� ■? ■ , M p n I i o� �S�� . nJ L ` - ■�dW !■ ■ !� +i +, ■, r �,a �� it I�i ■r _ £4-rw,-„ _ i t. yLl ■�� �f � +■ .� ty� ++ ■1 ■, � • it „ ��a ■�' � � �f�. �Y -,YM1' �'"" - {sR 1 1 � �■ +■ R�� +■ ■r +i � ,��ii�lll�,■ ■ Fri.... — �:,. k ■�� �� fr ■/ Lys■M ■+ ■r +, � , II�*-■ r'sT,�r. ..R -- t R A �� �r ■� +■ Reif+ ++ +F ', + �,�II Imo■+ ■ — - , • t ■� �� r+ Ord i�r++ ■+ + ■1 L�� II Imo'■ ■ "r.l� � . . .;'. _ ~ �. 1 � �� ■r ��■ ti�M r+ +� d ■ ;R 'WTI II Imo■■ ■ �I�� _ - - } W ROW 1 JF ' " + i�ryrll •1 ■i +w Sys" ■" ++ � i _ .., � 1 Proposed Project Overview 8ayview Terrace M�rador SDDI}South tower FFve f aFri B.�yv,Brr T�rrat c,1228 l�fest i Gb0 Y1r�st Ave SwRte�#, �300,glkon 4id, Yiami i3,each,FL A�we.�lrami Bead.FL33139 Mi�il3ga�,FL 3$i39 N�IfiiFi3' 51$ D"FT �fEkGHTlS'�-0"FT Nl=1GHT 178'�'FT 1^EARi3LFI�F.2D2.1 YEAR 9taILT 17•'1 Y�akR Blyi�,T i9s$ The V4�,r�rly SOukh Beach Iran Can�aminium 1336 Y4esk Ave,Miami M�+'S��f�� North�awar Thy Floridian 54�1}Alton Ind, y2DD Weil Ave AixT 16i0, �5U Yiest Are, Miami Baattw,FL 33i3� hM�m�Beach,FL NElC7NT 33h'Ui F7 �,r1i ��3313� Bea�t4,FL 33739 N€ICi#I��23'�'FT YEAR Bl}ILT.20�t HEI�i•#T i63'�'FT SauthgRt�7�wRr5 HEIGHT 337'�"�f _ _ _ YIIIIII�IF rJ� BSt AYb, YEr!Yrt�I}fi1:i %i: 19QG CS.t AYe,i 1iAi °Et4 9v I i "??- T}}C Beniigy Bay i 5114 Bay Rd $eaeh,FL 33�3.9 Slal�ll$qd9 Se�.#t,FL 33139 Cnn[iornmdurns air West Avenue Context IAi$fa11 BRBt#'r,F_L 38139 HEIGHT 3313'ff'F# 1111ary�,� Ns=1Gt�r�as•�R�'r �o-s�o wept�,�. H EiIF 33�6'FT Bersch4 FL 39199 'BAR k#+JiLr'#458 - Miami 9rarh,FL YEAR lS!}it3: 3 Ma�nd Tr�sce NE#L3#fT 17G'C"#T $oath I�s�r f Ca��dom�n+um 38i 89 73Dt}�� 804 WeSI Awe,Yiami 8each,FL I•iE1C.HT 259'6'FT „ i mil. �� 1 Ytr�►ff B�tLT,�9�50 •.� � .. � ,�,. �" r�£a�HTiSR'Q-� _- f_T� +� ��. ;, #1EIGN'I #3S'0-FT . `' . �'.�.T *' �' ir�AR$U4L�:aix2t s-t �� Y�A,R$kIILTY968 x - t 4 f Proposed Summary Uses Setbacks Residential and accessory uses Modifies side interior setbacks only, outdoor restaurant seating prohibited Setback Encroachments Intensity Modifies allowable setback Floor Area bonuses allowing up to 5.75 FAR encroachments (reduced from 7.75) Mechanical Parking Height Streamlined administrative approval Height bonus allowing up to 330 feet (reduced process for mechanical parking from 420 feet) No Short-Term Rentals Requires Maximum Density voluntary covenant prohibiting short- 75 units per acre term rentals