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Ordinance 2025-4749 Alton Beach Bayfront Overlay District — LDR Amendments (Amended for Second Reading) ORDINANCE NO. 2025-4749 AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE RESILIENCY CODE OF THE CITY OF MIAMI BEACH, BY AMENDING CHAPTER 7, "ZONING DISTRICTS AND REGULATIONS," ARTICLE II, "DISTRICT REGULATIONS," SECTION 7.2.6, "RM-3 RESIDENTIAL MULTIFAMILY, HIGH INTENSITY," SUBSECTION 7.2.6.3, "DEVELOPMENT REGULATIONS (RM-3)," TO REFERENCE MODIFIED DEVELOPMENT REGULATIONS FOR THE ALTON BEACH BAYFRONT OVERLAY, FURTHER AMENDING ARTICLE ill, "OVERLAY DISTRICTS," BY CREATING SECTION 7.3.12, ENTITLED "ALTON BEACH BAYFRONT OVERLAY DISTRICT," TO CREATE DEVELOPMENT REGULATIONS THAT INCENTIVIZE NON-TRANSIENT RESIDENTIAL DEVELOPMENT ON LOT 3, BLOCK 80 OF BAY GARDEN MANOR CONDO, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 6, PAGE 12 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA; AND PROVIDING FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN EFFECTIVE DATE. WHEREAS, the City of Miami Beach (the "City") has the authority to enact laws which promote the public health, safety, and general welfare of its citizens; and WHEREAS, Lot 3, Block 80 of the Bay Garden Manor Condo Plat is a large bayfront lot in the City located on the west side of the intersection of 13 Street and West Avenue; and WHEREAS, the City seeks to create regulations for the development of Lot 3, Block 80 of the Bay Garden Manor Condo that promote the public health, safety, and general welfare of the public; and WHEREAS, Lot 3, Block 80 of the Bay Garden Manor Condo is currently developed with a 239-unit condominium building; and WHEREAS, the City seeks to encourage development of cohesive residential and mixed- use communities with resilient low density, long-term residential uses; and WHEREAS, the City seeks to encourage redevelopment of existing legal nonconforming transient uses that are incompatible with the character of the West Avenue neighborhood and capital improvements along the West Avenue corridor; and WHEREAS, the amendments set forth below are necessary to accomplish all of the above objectives; and WHEREAS, these regulations will ensure that the public health, safety and welfare will be preserved. NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: 1 SECTION 1. Chapter 7, "Zoning Districts and Regulations", Article II. "District Regulations", Section 7.2.6 entitled "RM-3 Residential Multifamily, High Intensity" is amended as follows: CHAPTER 7 ZONING DISTRICTS AND REGULATIONS * * ARTICLE II DISTRICT REGULATIONS * * * 7.2.6 RM-3 RESIDENTIAL MULTIFAMILY, HIGH INTENSITY * * * 7.2.6.3 Development Regulations (RM-3) a. The development regulations in the RM-3 residential multifamily, medium intensity district are as follows: DEVELOPMENT REGULATIONS TABLE (RM-3) Maximum FAR Lot area equal to or less than 45,000 2.25 (1) (2) square feet Lot area greater than 45,000 square feet 2.75 (1) (2) Oceanfront lots with lot area greater than 45,000 square feet 3.0(1) (2) (11) (12) * * * * * * (12) See Section 7.3.12, establishing the Alton Beach Overlay regulations. SECTION 2. Chapter 7, "Zoning Districts and Regulations", Article III, "Overlay Districts", is amended to add Section 7.3.12, as follows: ARTICLE III • OVERLAY DISTRICTS * * * 2 Sec. 7.3.12 — Development Regulations for Alton Beach Bayfront Overlay a. Location and Purpose (Alton Beach Bayfront Overlay District). The overlay regulations of this section shall apply to the following properties: Lot 3, Block 80 of the Bay Garden Manor Condo, according to the plat thereof, recorded in Plat Book 6, Page 12, of the Public Records of Miami-Dade County, • RM$ i 73. • • • b. Development Regulations - Underlying RM-3 Zoning Notwithstanding the development regulations contained in Section 7.2.6, the following regulations shall govern proposed development within the boundaries of this overlay district on properties with an underlying zoning classification of RM-3. In the event of any conflict between the overlay regulations and the requirements of the Resiliency Code, these regulations shall control: 1. Main Permitted Uses: Only residential uses and associated accessory uses permitted by the underlying RM-3 regulations shall be permitted. Additionally. the following regulations shall be a•plicable to development utilizing FAR and heigh incen iv- wi hi he overlay: a. Bats and entertainment establishments shall be prohibited. b. Accessory restaurant uses that are open to the public shall be subject to the following restrictions; i. 'Outdoor seating in connection with any restaurant use that is open to the public shall be prohibited. ii. The restaurant shall not exceed 4,000 square feet in size. 3 iii. The restaurant shall not serve alcoholic beveraaes and shall not hold an alcoholic ver cue license of any kind. iv. The restaurant shall be limited to a maximum of 80 seats. v. The restaurant shall close by 8:00 PM each night_ 2. Floor Area Bonuses: As a voluntary development incentive, subject to the property owner's strict compliance with conditions of this subsection, a project within the overlay shall be eligible for the following floor area bonuses, not to exceed a cumulative bonus FAR of 3.0: a. The base floor area in the Alton Beach Bayfront Overlay shall be 2.75. b. New construction limiting density to a maximum of 75 units per acre shall be eligible for a floor area ratio bonus of 0.25; and c. A property owner that elects, at the owner's sole discretion, to voluntarily execute a restrictive covenant running with the land, in a form approved by the city attorney, affirming that no residential unit on the property shall be leased or rented for a period of less than six months and one day, shall receive a floor area bonus of 0.25. The covenant shall expressly provide that an affirmative vote of six-sevenths of all members of the City Commission shall be required in order to release the covenant or to modify the covenant in such a manner as to impose a less stringent restriction after it is executed; and d. A property owner that enters into a development agreement for capital improvements along the West Avenue corridor, defined as the area bounded by 5th Street on the south, 17th Street on the north, Alton Court on the east, and Biscayne Bay on the west, and other public benefits that could be applied on a City-wide basis, shall receive a floor area ratio bonus of up to 2.5, based on the following capital improvements or public benefits: i. Acquisition of property containing a transient use within the West Avenue corridor and conveyance of the property to the City: 2.0. ii. design, permitting, and construction of the portions of the Bay Walk located at 800 West Avenue, 1228 West Avenue, and 1450 Lincoln Road or, in the event the requisite easements from upland owners cannot be obtained, contribution of funds to the City for construction of the Bay Walk or any other capital improvement pro ec : 0.50. e. The total FAR for an eligible site, including base FAR and cumulative bonus FAR, shall not exceed 5.75. 3. Building Height Bonus: As a voluntary development incentive, subject to the property owner's strict compliance with conditions of this subsection, aproject that implements all of the floor area bonuses provided in subsections 2.a-d above shall receive a height bonus of up to 180 feet. The maximum building height for an eligible site, including bonus height, shall not exceed 330 feet. 4. Setbacks: a. Front Setback: 4 i. Subterranean and Pedestal: 20 feet ii. Tower: 150 feet iii. There shall be no variances from the minimum tower front setback requirements b. Side Interior Setback i. Subterranean: 16 feet ii. Pedestal: 1. North Side: a. Ground Floor: 16 feet b. Second Floor: 19 feet 2. South Side: a. Ground Floor: 26 feet iii. Tower: 26 feet iv. Sum of Side Yards: 42 feet c. Rear Setback: i. Pedestal: 42 feet ii. Tower: 63 feet iii. There shall be no variances from the minimum tower rear setback requirement. 5. Allowable encroachment into required yards: a. Architectural overhangs, ledges, or terraces may project up to 10 feet into a required side yard setback. b. Columns at the first two levels of the pedestal may encroach up to 8 feet into the required side yard setback. c. Pedestrian pathways for access to the Bay Walk may be located entirely in required yards. 6. Parking Requirements: a. Within the verlav all required na kina hall be located within subt-iranean levels. exceW for off-street loadina spaces valet circulation space and a maximum of ten (10) visitor parking spaces. There shall be no variances from this provision. 5 b. Within the overlay the minimum off-street parking requirements may be satisfied using mechanical or robotic parking systems fully enclosed within a parking structure. Such mechanical or roboticparkinq systems shall be exempt from the requirements of Section 5.2.11, and Planning Board approval shall not be required for the use of mechanical or robotic parking systems within the overlay. c. Notwithstanding the exemption in subsection b, the mechanical/robotic parking system must satisfy the conditions provided in Section 5.2.11(f), and a restrictive covenant stipulating that a valet service or operator must be provided for as long as the mechanical/robotic system remains in use. SECTION 3. REPEALER. All ordinances or parts of ordinances and all section and parts of sections in conflict herewith are hereby repealed. SECTION 4.CODIFICATION. It is the intention of the City Commission, and it is hereby ordained, that the provisions of this Ordinance shall become and be made part of the Code of the City of Miami Beach, as amended;'that the sections of this Ordinance may be re-numbered or re-lettered to accomplish such intention; and that the word "ordinance" may be changed to "section" or other appropriate word. SECTION 5. SEVERABILITY. If any section, subsection, clause or provision of this Ordinance is held invalid, the remainder shall not be affected by such invalidity. SECTION 6. EFFECTIVE DATE. This Ordinance shall take effect ten days following adoption. PASSED and ADOPTED this git7 day of , 2025. ATTEST: JUL U 2 2025 ►,g' Steven Meiner, Mayor ti. ae . ranado, City Clerk APPROVED AS TO REGIS BARBOU •1N{ORP 4RATE4 s FORM AND LANGUAGE • ', _ ...• & FOR E ECUTION 4,Qc.H 2•6`c)= dre, &frikozr City 'ISP:46?"- QV_ Date Verified By: Thomas R. Mooney, AICP Planning Director T:1Agenda12025106 June 25,2025\PianningW4ton Beach Bayfront Overlay-LOB Amendments-Second Reading REVISED ORD.docx 6 (.(7 Ordinances Ordinances - R5 B MIAMI BEACH COMMISSION MEMORANDUM TO Honorable Mayor and Members of the City Commission FROM: Eric Carpenter, City Manager DATE: June 27, 2025 2:02 p.m. Second Reading Public Hearing** TITLE: ALTON BEACH BAYFRONT OVERLAY DISTRICT — LDR AMENDMENTS AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE RESILIENCY CODE OF THE CITY OF MIAMI BEACH, BY AMENDING CHAPTER 7, "ZONING DISTRICTS AND REGULATIONS,"ARTICLE II, "DISTRICT REGULATIONS," SECTION 7.2.6, "RM- 3 RESIDENTIAL MULTIFAMILY, HIGH INTENSITY," SUBSECTION 7.2.6.3, "DEVELOPMENT REGULATIONS (RM-3)," TO REFERENCE MODIFIED DEVELOPMENT REGULATIONS FOR THE ALTON BEACH BAYFRONT OVERLAY, FURTHER AMENDING ARTICLE III, "OVERLAY DISTRICTS," BY CREATING SECTION 7.3.12, ENTITLED "ALTON BEACH BAYFRONT OVERLAY DISTRICT," TO CREATE DEVELOPMENT REGULATIONS THAT INCENTIVIZE NON-TRANSIENT RESIDENTIAL DEVELOPMENT ON LOT 3, BLOCK 80 OF BAY GARDEN MANOR CONDO, ACCORDING TO THE PLAT THEREOF. RECORDED IN PLAT BOOK 6, PAGE 12 OF THE PUBLIC RECORDS OF MIAMI- DADE COUNTY, FLORIDA: AND PROVIDING FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN EFFECTIVE DATE. RECOMMENDATION The Administration recommends that the Mayor and City Commission (City Commission) adopt the subject ordinance in accordance with the recommended amendments. As indicated herein, Planning Department staff have expressed concerns with the proposed amendments pertaining to increases in FAR and building height, as well as the proposed modifications to the minimum side setbacks. In this regard, careful consideration must be given to the impacts of these proposed modifications to the LDRs, particularly as to how they may impact the established scale, character, and context of the West Avenue corridor. BACKGROUND/HISTORY The subject application was submitted on August 11, 2024, by West Ave Owner LLC with respect to the property located at 1250 West Avenue. This is a private application filed pursuant to Sections 2.4.1 and 7.1.10 of the Resiliency Code. The application proposes to create the Alton Beach Bayfront Overlay within the City's Future Land Use Map, the text of the City's 2040 Comprehensive Plan, and the City's Resiliency Code. ANALYSIS Planning Board and City Commission Review Requirements The application submitted herein is in accordance with Section 7.1.10.2(a) of the Land Development Regulations of the City Code (LDRs), which requires the following 3-step process, prior to the review by the City Commission: a. Step One — Planning Board Preliminary Review. The Planning Board, at a duly noticed public hearing, shall perform an initial review of the proposed ordinance. Notice of the Planning Board preliminary review hearing shall be 18 of 430 given in accordance with the applicable provisions in Chapter 2, Article IV of the Land Development Regulations. If the proposed ordinance involves less than ten (10) contiguous acres, the notice requirements for the preliminary Planning Board review shall also include a minimum 30-day mail notice for all properties within 375 feet of the properties subject to the proposed floor ar€ or FAR increase, and a 30-day published notice. Prior to the Planning Board's preliminary review stage, the Administration, either internally or with the assistance of an outside consultant, will perform an impact analysis of the proposed FAR increase; and such impact analysis shall include, but not be limited to, the following: 1. Calculation of the actual square footage increase for affected properties such as, for example. the maximum allowable square footage for residential, office, retail, hotel or other uses resulting from the FAR increase. 2. An infrastructure analysis regarding potential impacts on traffic/mobility, parking, water, sewer, resiliency, parks and open space. as well as any other area of concern identified by the City Commission or the Administration. 3. Massing studies, which illustrate the volume and location of the area associated with the proposed increase in FAR. For private applications, the applicant shall be required to provide all data and exhibits related to the above noted impact analysis as part of the application submission. The findings of this impact analysis shall be presented to the Planning Board at the preliminary review stage. b. Step Two — Community Outreach Meeting: Subsequent to the Planning Board's preliminary review meeting, the City shall facilitate a public meeting for all affected stakeholders, in order to solicit additional input and feedback, as well as for City staff to address any outstanding issues or questions. A reasonable effort shall be made to ensure that such public meeting is held no later than 45 days from the date of the preliminary review by the Planning Board. Courtesy notice of the meeting shall be given by the applicable City department, in coordination with the Planning Department, in a manner consistent with the City's courtesy notices for other community meetings, workshops, or presentations. c. Step Three — Planning Board Transmittal: At a second duly noticed public hearing, which is separate and apart from the preliminary review hearing, the Planning Board shall consider and transmit the proposed ordinance to the City Commission with a recommendation. Notice of this transmittal hearing shall be given in accordance with the applicable provisions in Chapter 2, Article IV of the Land Development Regulations_ After transmittal by the Planning Board to the City Commission a similar 3-step review process is required, as follows: a. Step One — First Reading Public Hearing: After transmittal of the ordinance by the Planning Board, the City Commission shall hold a first reading public hearing. Notice of the first reading shall be given in accordance with the applicable provisions in Chapter 2, Article IV of the Land Development Regulations. If the proposed ordinance involves less than ten (10) contiguous acres, the notice requirements for first reading shall also include a minimum 30-day mail notice for all properties within 375 feet of the properties subject to the proposed floor area or FAR increase, and a 30-day published notice. 19 of 430 b. Step Two - Community Workshop: Subsequent to the approval of the ordinance at first reading, and prior to second reading, at least one additional community workshop. which is separate and apart from the first reading public hearing, shall be held. This additional community workshop shall be considerec' a courtesy meeting, and open to participation by all (ffected stakeholders, including residents, property owners. or businesses in the surrounding area that may be affected t: ' the proposed floor area or FAR increase, as det ?rmined by the City Commission. Such community workshops may be held in a virtual, in-person or hybrid formats, at the discretion of the City Commission, and shall be noticed in a manner to be determined by the City Commission. c. Step Three - Second Reading / Adoption Public Hearing: After the community workshop described above. the City Commission shall hold a second reading public hearing to consider final adoption of the proposed ordinance. Notice of the second reading shall be given in accordance with the applicable provisions in Chapter 2. Article IV of the Land Development Regulations. Proposal The applicant is proposing to create a new overlay, entitled the Alton Beach Bayfront Overlay, as well as amend the RM-3 development regulations specific to properties in the overlay. The proposed amendments to the comprehensive plan and the LDRs would enable the construction of a luxury housing development, including an accessory restaurant, located at 1250 West Avenue. The attached ordinance includes a proposed increase in maximum FAR from 2.75 up to 5.75, as well as a building height increase from 150 feet to 330 feet. The applicant is also proposing to modify requirements pertaining to minimum setbacks, allowable encroachments into required yards and the review provisions for mechanical parking systems. The following is a summary of the proposed modifications to the FAR, building height and setback requirements, as compared to the current regulations: Current Maximum Proposed Difference FAR: 2.75 (230,194 SF) 5.75 (481,315 SF) +3.0/ +251.121 SF) Note: each 1.0 increase in FAR results in an addition of 83,707 SF to the site, Height: 150 Feet 330 feet +180 feet Front Setback Pedestal: 20 feet 20 feet None Tower: 50 feet 150 feet +100 feet Side Setback Pedestal: 16 feet 16 feet None Side Sum: 32 feet 42 feet +10 feet Tower: 50 feet 26 feet -24 feet (each side) Allowable Projections: 6 feet 10 feet -4 feet Rear Setback Pedestal: 42 feet 42 feet None Tower: 63 feet 63 feet None The following is a summary of the proposed FAR and height bonuses: • FAR bonus of .25 for not exceeding a density of 75 apartments per acre. 20 of 430 • FAR bonus of .25 for executing a covenant prohibiting short term rentals in perpetuity. • FAR bonus of .50 for the design and construction of a bay walk extensions at adjacent properties on West Avenue. • FAR bonus of 2.0 for acquiring an existing property on the east side of West Avenue that has a transient use and conveyance of the property to the city. • A building height bonus of 180 feet above the current maximum height of 150 feet for a project that implements all the above bonuses, allowing for a maximum height of 330 feet. In accordance with the requirements noted above for FAR increases, the applicant has included the following with the application submission: Calculation of the actual square footage increase resulting from the FAR increase The draft ordinance includes an FAR bonus of up to 251,121 square feet. The current maximum permitted square footage for the subject property is 230.194 square feet (2.75 FAR) and a total maximum square footage of 481,315 square feet (5.75 FAR) is proposed. Infrastructure analysis regarding potential impacts on traffic/mobility, parking, water, sewer, resiliency, parks and open space The applicant submitted the attached utility analysis prepared by Hazen and Sawyer. and the attached utility report, prepared by Thomas Engineering Group, both of which address water. sewer, and fire flow requirements. Additionally, the attached planning and traffic report for the proposed development was prepared by the Curtis Group. and addresses traffic and mobility impacts. As it pertains to parks and open space, if there is a net addition of residential units to the site, in relation to the residential units in the existing building, a small deficiency in certain recreation facilities may result. This would require the payment of concurrency mitigation fees at the time of building permit. Massing studies illustrating the volume and location of the area associated with the proposed FAR increase The attached plans and perspective renderings, which were provided to the Planning Board, illustrate the volume and location of the area associated with the proposed FAR increase. The following is noted based upon the attached plans and drawings: • The current maximum FAR for the site (2.75 / 230,194 SF) is contained roughly within the first 13 floors of the proposed new building (approximately 158 feet), including 52 apartment units and up to 80 restaurant seats. • The increased FAR provides for up to 251,121 of additional square feet of floor area. • The increased maximum height provides up to 180 feet of additional building height. • The average unit size proposed is approximately 3.250 square feet. Economic Analysis Although not technically required, the applicant has also provided the attached Economic Impact Analysis. prepared by the Washington Economics Group. The proposed LDR amendment has been modified since the Planning Board transmitted the proposal, and the applicant has reduced the maximum proposed FAR to 5.75 and reduced the maximum proposed building height to 330 feet. Notwithstanding, the proposal still far exceeds the maximum FAR established in the Comprehensive Plan for the RM-3 district, and is still out of scale with the existing buildings in the immediate area, including structures that are non- 21 of 430 conforming with today's maximum requirements for height and FAR. For example, the nearby Waverly condominium at 1330 West Avenue is cited as an example of a non-conforming building that the proposed regulations will be 'compatible' with. For informational purposes, the following is a compari;on of the proposal with the permitted plans for the Waverly: 1330 West Ave 1250 West Ave Difference Lot Area: 130,234 SF (3 acres) 83.707 SF (1.9 acres) -47,145 SF /-1.1 acres Max Height: 279' to 335' 330' -5' to +51' FAR: 546,528 SF (4.2) 481,315 (5.75) +1.55 FAR/-65,213 SF Lot Width: 200' 200' None Tower Interior Side Setbacks: >50 feet 26 feet -24 feet Tower Frontage Maximum Width: 90 feet 148 feet +58 feet Comprehensive Plan Amendment and Review Process The proposal requires an amendment to the Comprehensive Plan for the proposed changes to the maximum intensity requirements for the property. A separate, companion ordinance is proposed for the required comprehensive plan amendments. PLANNING BOARD REVIEW On October 29, 2024, the Planning Board reviewed the proposed ordinance and continued it to the January 7, 2025. Planning Board meeting. On December 19, 2024, a public workshop was held after the first review of the Planning Board and additional input received from the participants. On January 7. 2025, the application was continued to a date certain of February 4, 2025, at the request of the applicant, with no substantive discussion by the Planning Board. On February 4. 2025, the application was continued to a date certain of March 4. 2025, at the request of the applicant, with no substantive discussion by the Planning Board. On March 4, 2025, the Planning Board held a public hearing and transmitted the proposed ordinance to the City Commission with an unfavorable recommendation (4-3). SUMMARY As indicated herein. Planning Department staff have expressed concerns with the proposed amendments pertaining to increases in FAR and building height, as well as the proposed modifications to minimum setbacks. In this regard, careful consideration must be given to the impacts of these proposed modifications to the LDRs, particularly as to how they may impact the established scale, character and context of the West Avenue corridor. While certain bonuses proposed by the applicant may be appropriate, collectively they still result in an over scaled project that is hostile to its surroundings. Any development bonuses should be commensurate with the actual public benefits that have been proffered separately and should not result in a project that creates an imbalance with the surrounding context in terms of scale, mass and building height. The Administration is not opposed to sensible bonuses that result in enhanced urban design and are tied to a legitimate public purpose. To address this. should the proposal move forward. the 22 of 430 following modifications to the LDR ordinance are recommended: 1. The existing side setback requirements should remain, with no modifications. The proposed side setback modifications would result in the width of the proposed tower increasing from a maximum of 100 feet in width to 148 feet in width. Additionally, the pedestal portion of the building, at all levels. should fully comply with the minimum side setbacks of 16 feet. 2. The proposed FAR bonuses, collectively, should not exceed 2.0 and the aggregate increase in FAR should not exceed 4.75. 3 The proposed height bonus should be limited to 150 feet and the maximum allowable height should not exceed 300 feet. UPDATE: The subject ordinance was approved at First Reading on April 23, 2025, as proposed by the applicant, with no changes. Additionally. the City Commission requested that an independent economic analysis be performed, to determine the value of the additional building height and floor area proposed. The City retained Miami Economic Associates (MEA) to perform this economic analysis, which has been distributed to the City Commission under separate cover. After the April 23, 2025 City Commission meeting, the applicant provided a revised ordinance, which is attached for Second Reading, and includes the following updates and modifications: 1. The minimum front tower setback has been increased from 50 feet to 150 feet. Additionally a no variance provision has been included pertaining to the minimum front and rear tower setback requirements. 2. All required parking for the project must be located within subterranean levels. Additionally a no variance provision has been included pertaining to this requirement for below grade parking. 3. Bars and entertainment uses shall be prohibited as an accessory use. 4. Any proposed accessory restaurant that is open to the public may not exceed 4,000 square feet, shall close no later than 8:00 p.m. and be limited to no more than 80 seats. and shall not serve alcoholic beverages nor hold an alcoholic beverage license. Finally, the proposed amendments to the LDRs and the Comprehensive Plan are tethered to a separate development agreement, which was approved at First Reading by the City Commission at a special meeting on June 9, 2025. Second Reading for the development agreement, as well as the LDR and Comprehensive Plan amendments, has been set for June 25, 2025. For all three of these components to be considered for adoption together, the applicant has requested that the City Commission waive the annual zoning cycle restriction for the subject LDR amendment, pursuant to Section 2.3.2 of the LDRs. FISCAL IMPACT STATEMENT No Fiscal Impact Expected Does this Ordinance require a Business Impact Estimate? Yes (FOR ORDINANCES ONLY) 23 of 430 If applicable, the Business Impact Estimate (BIE) was published on: 5/23/2025 See BIE at: https://www.miamibeachfl.gov/city-half/city-clerk/meeting-notices/ FINANCIAL INFORMATION Not Applicable CONCLUSION The Administration recommends the following: 1. Pursuant to Section 2.3.2 of the LDRs, the City Commission waive the annual zoning cycle restriction for the subject LDR amendment in order for Second Reading of the ordinance to occur prior to October 29. 2025. 2. The City Commission adopt the ordinance with the following amendments noted in bold: Sec. 7.3.12 — Development Regulations for Alton Beach Bayfront Overlay • b. Development Regulations - Underlying RM-3 Zoning 2. Floor Area Bonuses: As a voluntary_development incentive, subject to the property owner's strict compliance with conditions of this subsection, a project within the overlay shall be eligible for the following floor area bonuses, not to exceed a cumulative bonus FAR of 2.0 3.0: a. The base floor area ratio in the Alton Beach Bayfront Overlay shall be 2.75. b. New construction limiting density to a maximum of 75 units per acre shall be eligible for a floor area ratio bonus of 0.25; and c. A property owner who elects. at the owner's sole discretion, to voluntarily execute a restrictive covenant running_with the land, in a form approved by the city attorney, affirming that, in perpetuity, that no residential unit on the property shall be leased or rented for a period of less than six months and one day, shall receive a floor area bonus of 0.25. The covenant shall expressly provide that an affirmative vote of six-sevenths of all members of the City Commission shall be required in order to release the covenant or to modify the covenant in such a manner as to impose a less stringent restriction after it is executed; and d. A property owner who enters into a development agreement for capital improvements along the West Avenue corridor, defined as the area bounded by 5th street on the south, 1 Th Street on the north, Afton Court on the east, and Biscayne Bay on the west, and other public benefits that could be applied on a City-wide basis,shall receive a floor area ratio bonus not to exceed 1.5 based on the following improvements or public benefits: 24 of 430 i. Acquisition of property containing a transient use within the West Avenue corridor and conveyance of the property to the City: up to 1.0 20. ii. Design, permit, and construct the portions of the Bay Walk I )cated at 800 West Avenue 1228 West Avenue, and 1450 Lincoln Road, or, in the event the requisite easements from upland owners cannot be obtained, contribute funds to the City for construction of the Bay Walk or any other lawful public purpose: up to 0.50. d. The total FAR for an eligible site, including base FAR and cumulative bonus FAR, shall not exceed 4.75 55. 3. Building Height Bonus: As a voluntary development incentive, subject to the property owner's strict compliance with conditions of this subsection, a project that implements all of the floor area bonuses provided in subsections 2.(i)-(v) above shall receive a height bonus of up to 150 1-80 feet. The maximum building height for an eligible site, including bonus height, shall not exceed 300 330 feet. 4. Setbacks: a. Front Setback: i. Subterranean and Pedestal: 20 feet ii. Tower: 50 feet u. Pedestak i. Pedestal: 42 feet Applicable Area South Beach Is this a "Residents Right to Know" item, Is this item related to a G.O. Bond pursuant to City Code Section 2-17? Project? Yes No 25 of 430 Was this Agenda Item initially requested by a lobbyist which, as defined in Code Sec. 2-481, includes a principal engaged in lobbying? No If so, specify the name of lobbyist(s) and principal(s): Department Planning Sponsor(s) Private Applicant Co-sponsor(s) Condensed Title 2:02 p.m. 2nd Rdg, Alton Bch Bayfront Overlay District-LDR Amendments. (PrivAp) PL 6/7 Previous Action (For City Clerk Use Only) Continued from June 25, 2025 - R5 B 26 of 430 • Hazen Hazer,enc Sawyer 999 Ponce de Leon l3tvd.Sute 1150 Coral Gab ee.FL 33026•305 443.4001 October 2,2024 Cristina Ortega Castineiras,PE,ENV SP City Engineer City of Miami Beach Public Works 1700 Convention Center Drive Miami Beach,Florida,33139 Re: Ordinance 2024-4582—Process for Future Increases in Floor-to-Area Ratio(FAR) Water and Sewer Impact Analysis—Revision 1 1250 West Avenue Dear Ms.Ortega Castineiras: Hazen and Sawyer has reviewed the documents provided by the City of Miami Beach(City)for 1250 West Ave, these are included in Appendix A.A preliminary analysis was performed on the impacts of the additional demands on the City's water and sewer system due to the potential increase in Floor-to-Area Ratio (FAR) from 1250 West Ave. This preliminary analysis is based on the information provided in Appendix A. Should there be any changes to the information provided,this preliminary hydraulic analysis will need to be updated/redone. A figure showing the location and extent of the area is included in Appendix B. The results of this preliminary analysis indicate the following: • The potential increase in FAR could be supported by the City's water infrastructure system. • The potential increase in FAR may require improvements to the City's wastewater infrastructure system. • Review of hydraulic sewer model results from previously completed developer requests(no new sewer modeling was performed as part of this analysis) indicates that the existing downstream gravity main interceptor along Alton Road and continuing along 11 m Street(from SWR MNH I91 I 1 to SWR MNH 18031)that will serve 1250 West Avenue at present has capacity issues. The potential increase in FAR from 1250 West Ave could lead to further capacity issues in this gravity main segment,depending on when the development connects to the City's sewer system and other factors.A more detailed sewer analysis will be needed to determine the precise impact on the downstream gravity system. Please refer to Appendix C for details on this preliminary water and sewer analysis. A future complete • water and sewer hydraulic analysis,once details of the development are defined and finalized,will indicate any specific improvements that may be needed to the City's sewer system. The gravity sewer capacity considering the increase in sewer demands from 1250 West Ave was not analyzed as part of this effort; only previous modeling results in this area were reviewed. haze nandsawyer.corn 33 of 430 A future complete water and sewer hydraulic ana'ysis may conclude that the water and sewer infrastructure serving said development will require upgrades due to age and/or capacity issues, regardless of the conclusions reached in this FAR water and sewer impact analysis. This analysis is preliminary and it is not intended for permitting or construction. A complete water and sewer hydraulic analysis will be required when the final design of the proposed development is complete and ready for permitting. The assumptions made for connection to adjacent infrastructure are general and do not indicate approval to connect to specific main lines. Additional coordination with the City and other governing entities with jurisdiction are required once an agreement for water and sewer has been requested by the developer. The City receives potable water from Miami-Dade County through four(4)interconnects that traverse four (4)main causeways to Miami Beach and one interconnect along Byron Avenue at the northern end of the transmission system.The City transmits sewer flows to Miami-Dade County for treatment via a force main that travels under Government Cut. The City's redevelopment and population growth is ultimately limited by the County's ability to provide potable water to the City and by the County's capacity to treat sewer flows received from the City. Very truly yours, (1564)IrICCP:CZ Beth A Waters,PE Senior Associate Enclosure 34 of 430 Appendix A — Reference Documents 35 of 430 THOMAS EN;INEER:NG 3RCuv ' 0 M AS 630:: NW .31" AVENUE FORT LAUDERDALE FL 333:2;9 P• 954-202-7 00 CNOINEERINO OOUP F 954.2o2-7070 September 13, 2024 Aaron Osborne Miami Beach Public Works Department Engineerng Division 1700 Convention Center Drive Miami Beach, FL 33139 RE: 1250 West Avenue Folio Number 02-3233-048-0001 Multifamily and Commercial Development Demand Flow Letter for Hydraulic Analysis Dear Mr.Osborne. The owner of the property at the address 1250 West Avenue is proposing the construction of a mixed-use development consist ng of 100 apartment units and 9,598 SF of retail/commerc.al space.The developer would like to request a hydraulic analysis to be performed for the proposed water and sewer connections for the development The demand calculations are provided be'ow Commercial Water Demand Retail/Commercial=9,598 SF C 10 gpd1100 SF = 960 god Total Commercial Demand= 960 gpd Residential Water Demand: Apartment Units= 100 units 135 apc'unit= 13,500 gpd Total Residential Demand= 13,500 gpd Fire Flow Demand Per NFPA 18.4.4 2,the square footage of the three(3) argest floors can be util zed for construction type I-B(11(222)) Fire Flow Building Area(Floors 1 2,3)=73.903 SF Minimum Required Fire Flow per Table 18.4.5 2.1: 3,000 gpm for 3 hours NFPA 18.4.5.3.2 states that the required fire flow can be reduced by 75%if the building has automatic sprmk:er with a minimum required flow of 1,000 gpm 3,000 gpm X(100°4-75%)=750 gpm 4 1,000 gpm minimum Fire flow demand=1,000 gpm for 3 hours iv. Irrigation Demand Y:'over Irrigated Area per day per IFAS recommerdations ENG•NEERS • MANASERS - LANC C.ANN N3 LANCSCAPE ARCHITECTS wWW.TMOMASENOINEERINGGROOP COM 36 of 430 IIHOMAS r w a 1 w r r PI ' a o a w o u 1/x 19,051 square feet(open space)=793.79 cubic feet x 7.48 gallons/cubic foot= 5.938 gallons per day Total Irrigation Demand=5,938 gpd Should you have any questions, please do not hesitate to contact me at 954-202-7000 or mkaplan@thomaseg.com. Thank you for your time and kind consideration with regards to this matter. Sincerely, ,� ALL T. k9 ‘)CEN4- • * , No.83366 _ * • _ ��Q •. STATE OF ��\ .t‘ • R�ORIDP.•' \�� tS G � ///,'ONAI �� •\• 9/13/2024 Maxwell Kaplan,P.E. Florida Professional Engineer License No.83366 Florida Business Certification of Authorization No.27528 This item has been digitally signed and sealed by Maxwell T.Kaplan on the date adjacent to the seal. Printed copies of this document are not considered signed and sealed and the signature must be verified on any electronic copies. CIVIL ENGINEERS . PROJECT MANAGERS • LAND PLANNING . LANDSCAPE ARCHITECTS WwW.TNOMASENaINCERINOGROUP.COM 37 of 430 Appendix B - Location Map 38 of 430 r,. L - C. i r. II ' till S. •Iii Atiori'.4, , 1 --;IIN ;.A . : r5 el I lik. ' ~O P r- 0 iiik -..- • 0. ., . ..- s , '. E7 1 P ' 111 al; II - -4, WI ' IP Illiv 1(0 I a !ill 1 , 7. j 1 11 i. I a . . ii`i t s f i - _ i ft it Atap . hip'40 ic to ... iv ii.. , I/A" -... :II' Irdill.. ..;-,171----41'...- Li: :.......1.ilia--*. 7::;.‘ ''''' ' kit - ,,,--- _itifth. • .. yr.�—.. -...... . ��. — D mips 6:. I , III -Null., • j ; j! I N • • r41." II a 7-1 34 Wit/ r -` . = 39 of 430 Appendix C — Analysis Details This evaluation was based on the following: • Miami-Dade County-Pump Station Capacity Estimator (httos:i/www.miamidade.govIAPPS/RERiPumpStationCapacityEstimator/) • InfoWater hydraulic water model developed and calibrated by Hazen under a previous task order, as described in City of%fiami Beach Water System Master Plan(Hazen,2019) • The City's hydraulic water model flows from the following proposed developments: • 500 and 600 Alton Road • Symphony Park Hotel (1685 Washington Avenue) • 6985 and 6988 Abbott Avenue • 72nd and Park(7125, 7135 and 7145 Carlyle Avenue; 7118, 7134 and 7144 Byron Avenue) • Collins Park Artist Workforce Housing(224 23rd Street) • 3900 and 4000 Alton • 6747 Collins Avenue • 7140 Abbott Avenue • Convention Center Hotel • 1901 Shore Club • Citizen M Hotel • Town Center Gateway A concurrent FAR analysis was conducted for the 6701 Collins Avenue development and those demands are included in this analysis. The scenarios described below were analyzed to assess the impacts of the 1250 West Ave development on the sewer distribution. Pump Station Capacity Estimation • The development's impact on the receiving pump station's runtime was analyzed using the Miami-Dade County-Pump Station Capacity Estimator online tool in which the sewer flows from the proposed development were input and the expected proposed pump station runtime was provided. The scenarios described below were modeled to assess the impacts of the 1250 West Ave development on the water distribution. Fire Flow at Maximum Day Demand 2045 with Proposed Master Plan Improvements • Fire flow scenario was simulated for all hydrants in the distribution system with concurrent maximum day demand for 2045 and the proposed demand for the new development. The fire flow simulations were run with (a) low WASD pressure (50 psi) with booster pump stations in 40 of 430 operation and (b) with high WASD pressure (65 psi) and no booster pumps in operatiol. Maximum available fire flow from both these scenarios was considered and compared against the needed fire flow based on land use. • The fire flows were analyzed with the hydraulic improvements proposed in the City of Miani Beach Water System Master Plan (2019)to verify that the avilable fire flow at the hydrants is adequate with the new development. • Maximum day demand peaking factor of 1.27 was used for this analysis. 41 of 430 This Is Not An Official Document 9r26,2024 3 39 AM-Version t7 20 Cakwattons are bated on Ile arlena stipulated n Sector 24-12 3 Murrv-0aOi Cole and Feder a+Consent Decree:Casa No 1 12-cv-24400-FAM Pease oe aware that the ntomahon obtained errit am Appauton n to general nlormathon or*t and 4 rs only coned as Olive terra and date n which tie search was executed Conseplruttrr the adona0On obtained wall lux apptcaton DOES NOT CONSTITUTE AN OFFICIAL DEPARTMENTAL DETERMINATION a APPROVAL for your project For any addAonal reformation about the Pup Station Capacity Estimator appieabn please refer to the 6402(.1 va.be wren or contact the RER-DERM Wastewater Permian()Section at 30S-372-6600 or me email at P.Q trnuir..a go. 4 •Repotted gelds y Sewer tltdity' [02-CITY OF MIAM1 BEACH v , Station Number• 0001 v 1 -H lirirsect Protected Flew(GM' " -" 1ee60 -GPO !Wy maven are aat:+sd i._ bulb rems: tK mod o,a Sewer Ens No ---se Pump Stratton Capacity Estimator Result —UNCONDITIONAL ALLOCATION ALLOWED— g Sewer utitey 0?.Cm OF MtAMI BEACH _- Simon Number 0001 -- ---_-..._-.-_-- Protected Flow(GPO) 14 a60 GPO m ea part of.a Sewer F■tensron No K. Pump Pump Moratarlwn Protected Pfsbeed No Proposed Station Station Code NAPOT (At) Protected Mrs Owner Number Reoeroalp PS - 2 36 ( 30 2L -- —Tte ai nent Plant Codes —M or alonum C odes CO Gentry Dstrct Treatment Pun AC Approved And Corrected NO Nora OretrKt Treatment pant API Approved And Corrected-HAMA Lanisd SO South Dstnct Treatment Marl AM Al aooA,Mttratomam ft-SPOT Above 10 Pun Submitted TP Homestead Treatment Plant CH Conditional Moratorium-HAMA Limed At., Americana Wipe CM Cond*oaal Motatornatt CN Coe/wonat Moratorsxn-New Cosecton System DE Decommssroned-Removed —Ptanp Station AC,Oeyrms FH 11.3 Abe alms-Lest Man>10 Hn MAMA Leeaed FN No Aiocatons-Last Mart>10 lire GDP Galans Per Day Ile Metal Morabrsrrn HAMA Hqh Annual Monthly Average IN Incontple s•Infomla000 hissing NAPOT Wit atel Sap Pump Ope.eing Time ON OK-NANA Ltmwe MART Month/Average Run Tree OK OK RM Restate/Moratorium TH No Allocations-Due To Hgtt Hours'lle HAMA TAt, Temporary Moratorium X .-s.CA a_et_. -'yam__ 42 of 430 UTILITY INFASTRUCTURE ANALYSIS for West Avenue Residential Multifamily 1250 West Avenue Miami Beach,FL 33141 Prepared for. JDS Development Prepared by FIHOMAS ENGINEERING GROUP 6300 NW 31sT Avenue Fort Lauderdale,FL 33309 954-202-7000 \\\ttlllllll!//// ,,`‘,144:rA4 Maxw M °' CEN w�rR o.slwo ell T �ppppl)MA/KMIb No 83366 * aoeaooaU-�w..+o * trr 7. �= Kaplan°� �°'' S06a1 q ; 7Q . STATE OF 44, pi s'• •(ORIO ,S'ONAL�?G. 'i,llll Ilto` Maxwell Kaplan,P.E. Flonda Professional Engineer License No.83366 July 17,2024 43 of 430 The purpose of this report is to provide a utility impact analysis for the proposed mixed-use commercial and multifamily development at the address 1250 West Avenue in the city of Miami Beach. The 2.31-acre property is located on the southwest corner of the intersection of 13h street and West Avenue. The property is bordered to the north and south by multifamily residences. The existing site is currently developed with a parking lot and 14 story multifamily residential building. Access to the site is provided via 3 existing 2-way driveways along the east side of the property. Water service is provided to the site via water meters connected to the existing 6" DIP water main within West Avenue. Fire service is provided via a connection to the existing 20" water main within West Avenue per the as-built received from the city. Sanitary sewer service is provided via an existing lateral connection to the 12" gravity sewer main within West Avenue. The existing on-site drainage system consists of catch basins and French drain with no known off-site discharge. The developer proposes to demolish the existing site and building to construct a multi-story mixed-use residential apartment building with 100 dwelling units and a 180-seat restaurant component. Access to the site will be provided at the Northeast and Southeast corner along West Avenue. Vehicular parking will be provided within a parking deck at the lower levels of the building. Water and fire service to the building will be provided via connections to the existing water mains within West Avenue. The proposed sanitary sewer service will be provided via connections to the existing 12" gravity sewer main within West Avenue. The developer will try to implement the existing water and sewer connections as required. The downstream lift station City of Miami Beach Pump Station 0001 is currently under no moratorium and will not be compromised by the additional flow generated by the development. The results from the Pump Station Capacity Estimator Result are provided in the following pages. The proposed drainage system will consist of catch basins, and exfiltration trench with a drainage injection well. The design will adhere to city of Miami Beach, Miami-Dade County DERM, and Florida Department of Environmental Protection standards. The minimum finished 44 of 430 floor elevation will be based on the most restrictive standards from the FEMA, Miami-Dade County,and City of Miami Beach requirements. The demand requirements for the proposed development are provided in Table 1 on the following page. The Level of Service Standards provided in the 2040 Miami Beach Comprehensive Plan Infrastructure Element Policy 1.5.1 have been utilized for the demand calculations. Table 1:Level of Service Standards S Factor per Licit • Potable Water(Residential) 246 gpd/unit 24,600 gpd Potable Water(Restaurant) 65 gpd/seat 11,700 gpd Total Potable Water: 36,300 gpd Sanitary Sewer(Residential) 140 gpd/unit 14,000 gpd Sanitary Sewer(Restaurant) 65 gpd/'seat 11,700 gpd Total Sanitary Sewer: 25,700 gpd Stormwater Utility 1 ERU%unit 100 ERU 1.275 j 128 tons/year Solid Waste tons year-'unit A consultant for the city of Miami Beach Public Works Department will be providing a hydraulic analysis upon submittal of design plans for the project. Further analysis will be provided as the project progresses through the design and approval stages. 45 of 430 Pump Station Capacity Estimator MiAMHZADD Ott., Miami!Noce • ( 1.04p • • • • • • SonitorySerworPumeStation;0001 OWNE R02 NAME •••-e.•-41 4 ADLWE SS ,OS' MORATORIUM STATUS CODE OR MORATORIUM START OATE 9 25 NOMINAI AVG_PUMP_OPFR;1111.1F /! • PROJECTED_NAPOT 1 43 SAPelTARV.SEWEROVERF:OW NI • 590 HAMA N •SIMOSIIIIII016111.11110111111 • Mem/NA••40PPPR!•," ••• • This Is Not An Official Document 'Amex 2 mo 'Ana^2 20 CAA,sooe• or 24 c••Pe oven.01p..••••1 Sods.2442 3.h•ans-D•I•Colt end re:WM Crowe Nemo(Coos No•li..cv-24400-FM.I. PAN.o•Owen,tee se regrow.,ot••1•••I ra,74.40•441on•Or.,gene.4 recel-uoce Only ma• rr••Iona as of Po Vre and Ube ar,AP Po ormr•••eum..1•4 CaneepoellyDI.~row,otes•vd reel 0,4 aPPROXA DOES NOT coesnruTt AN OFFKIN.OF.PARTRERTAL OETSRO.ChArCAI or APPROVAL•o• orepc1 Poo 11-1•006J.21 el/en/rem seemIs Poop Sieben Caw*,Pa er amender,perk Nero to PS - • • . o comber so RER-OFJPIA k•••••••••••Ploroweing Swoon a 305-V24600 oe re•ser ai •_; •Req......ed Wary Sewer IAN*• 62-CJT1 OF MAW KAU-. hemp UPON.learOw• 002, Prepoord Propelled Ple•(OPOO• 257,3GPO Peeper WI vowdre.wI.pow W.•ammo eiSkleien' No 7-Iran-tit --CliP1 46 of 430 Pump EMatdon Capacity Estimator RMuk —UNCONDITIONAL ALLOCATION ALLOWED r Scar. . _.-.kc R:...t Eaakry fever laillay 02•CTY OF MAM BEACH Proreeed headed d Plow(OPD) 2S,T7p OPD Prowl ral sours,or Is pan e1 a frrrar!llne/an No Prop ►rom T hemp r Illeresorlun hMKW Proposed la Proceed llItlen I Shillen , !base , C. NAPOT ON Pra sdsd Ns Dorrbera i Oaalor 1 Nodose Pw. mnp PE T 0210001 J OK 2.43 CO3 I.M-I, -�--'--- -. --.. -. r.__ _ 30 CDJ Perrino Plae Corer —alarsWn Colo rO Cory O.sa Treanor[NoraAC Approved Arad Canoed Nora Nod TrsM.n Plant AH MOneed AM Comnad-NASA Lsdre SO SavaDone*-"amenPIrK AM A1rMur rorsiorsan-NAPOT Above 13 Orsn EaAmasd r.,... CH Pond ,.Meredvdw.-MAMA LMr,r AV Morton.NleOe CM COMMON Mcesbariun CN Condoms MbrslbMm•Naw CedectIcr System DE Ossanrhlorwd•Tanuved Wry Saran*mornsFH No racceImn•lot Not s 10 the HAVA l Mad MI kb Abobrsrr•!beau Not>•10 Hn. OM Oatni P.Day M role 1/aallrasn •IMM HO Amur OW horsesN r.eOdiPlall•Y'Alrmaasw M'ddYuO WPMWagons(Ms.Aanp OprW me OH QC•NIA11A Undo! MART Manor Amours Run TM OK OC RAI ltoarcaaa Yorelor*ed 'H to A narar.s-Dub Mph Nwe Wrt•IAMA. 'M TenVbrry MOMS:AMu V'. .S.a, Y' 1.',...n.- L 4l\'..-4... .--_:'J.'.. •}.1 eeen t0eee C-oV.y w/..r.ti ne.we 47 of 430 Miami Beach Water System ,per., --- rig: .k rrr.rr. — —..� es �. {" _ ® rrr Ar.rwa N7MST t2 t2' ,r _ {" �• —' ar . ...•..+ _--,-,na..w..w 'rye.... ] rrr Ct a ....., ..t•.an rt .1 . srr,w•rr s v sr de larar cr..r.a.. .. ...waau.v u wire,Cosigns 4 + rm.Cw• ew4Ra.ea.u4..aR a war 0 a 0. .w..Cv -.---411111114,=-., ZIO=.......Gr.=-Z..-....-.. ...........•••1 :am me •aft MI GIG" = G.S.w•e • d os.ta ON GI`arit Gattlat WI*Ur a pw•�• i n�s•Ca.o„a.o.arao a Mr*Vs .o afar ma 11411,M W. O .rr•Ou'r Sra., ti Ve..loom Cd•aGaa R M...S...r'w �s4�6 W �i$ • PG Parma ammo V* �e�,.ty„eoon M..n.f 1w :MOWN. ;•arYue+s. „.••o...e O, 7n.w •Oil,4 a A •.r's.w C..IT•11 r • 1 F ir .1.,. t ST 12. 12,_ ww• Pao GmSITE; r..� i rx • ,5 ..�_,. • 1 �•� v.•MJ M •»••f , 4.0.ZA •s.t••rS r•fS�14. \Nate,Sarv.ce' __,�•��,•• .n•irr.w j j —ram. 0- Connect.or 13 w..1.,e.,.. 1 rtrwr:aq —a• i : M+M..r gn WilFae ae„atas•aar •..1..vw.,.q.,..r MO..Goo Lao alte-Oca• Q --WOW>..a......... k O.'W.•b•ai.0.rOtt w.t•KM. ®h••.rr1.w =irc Serv,ca f 3 ..a......p _ -awwrr..w..r.. connection ' i aa?. •a. 1..s•.a.r:. .r.s•ra - ..a.....u.,mown .mow•aa••cr'. ....a •aw.•n..a 1 wawa..r, say.o •a..v..a.,.•m.t.•.a • .,p. WM r, .a.'.C.wr. V•a.sr.a an.•Sr Mum .ems -I®ot a!wuon L, 1 Ott Mr M at: air N•.. 4 w•a.rc ur w-.t ,_"ter.=. �_---- -—— t2T sr- :6 A + . A '..r wwaa +•y.af 1 1in =73ft I 'f ww.rilia ._. . 48 of 430 Miami Beach Sewer System "it �..� a _ Ola`.R .1�1d`wrt a..N :DI v.L SWR_MN H_1002$4W v R9lrw R r ] co. 'w.u+w R �r[ayy .a arr. Va•pre R .a.aMM.T I Lyra.Mra O rr `r..'AI Rrem SWR MNH 19025 . •1• 14114 ST I ^ n -- •aw i.wra..r. .w.[OlY[ _ ___ _ .. - .. ..1 r wia.u'a'uo-v vu'era[T sr..r..in ;s`•M.R •[1[w8'.+ SWR MNH19024 • awW....Veers assets SWR_MHH.19022�' bu ur.R 7 1 .-1 = beret Cora tare 'Oa tglee V Una hear Nry SWR M _18109 •roar amp 4.[s+.a `14 Ma:MIWIR_MNH_10100 at. ON ws..ia«[r..Va.M.. C S.M.Cww Ma MRM •O.Mw Ko— •Tw min N ■ a•N NOW f a[M 4•• r.rTM MOM OW NOV M MwOM • M..r 1.Wr..l. lV1VaTM ' • CO a. �Onw..O[n •v -evo. q6 i •4- Min M.10W .fR.MR M M� •.TFw rnw 4{..OMU T� •r..OM.D T .�..-.n +-wr+..wra..law. ION anew.Mar q, M..O.. 'ea wq•N SWRTFTT 31940• --r,: .f'!1. •^:' ,^TER • _ "y _ «�+a1111" SvVR MNH 18082 �.[R .w.0 ur • - e� SWR_MNH•18079 �.w.eau[wHao. .Mtatoarter Mg- .•[ "OY'0we ow wo WR MNH_10078 a0. SWR MN\89. ,re WM-..•• rSWR PAN H_3487 • 13TH ST .two mat w SITE •,M..[,wet•es - . • .t""" SWR MNH 1M78 w... a`sa a w *. T leg Cr •1AMaRM u rt tl[aWYTM 11•ta[VU.MM ' Sanitary[ b - Sewer Service ter N. 4_. M Row WI.'M•atrwgr COnneCt101 ,�-�v`.'�"ir .ser �i r t!`M.tl.. 1r«tl.[wdTM[M WU .112[.MT M .off OWR MNH-180 •.i.Ws.raPrns, MK1" E ----4 tr. .nM m.Wawa ` tot ; as wr. [u.wn+w y1aT M2tr.Mgr=Fr �� .3 sr:" �SSW MR • 1 rho..OT..a L1•J[Cv.�4:..z -. ...�� am waTM�� a•a.s1M SWR MNH-18048 I IfCh m 76 feel I I 'Ivan warms re vasirrR I^ M►�7 � '.� F SWR_MNH_18411444 SW R MNH-100 . rvr.OrM S .IMn waT_ 11, 44 I .W M4r_ra*eV Mat pry +•R.rt• 5 aSNH_18032 ur mils MI -.. , 'rM 49 of 430 iE , C CU ft1J1S GROUP December 9, 2024 Michael Belush Planning Department, Planning& Design Officer City of Miami Beach 1700 Convention Center Drive,2" Floor Miami Beach, Florida 33139 RE: PB24-0698 & PB24-0703 — Planning Analysis Dear Mr. Belush: This memorandum provides a comprehensive analysis of the Alton Beach Overlay's potential impacts on key public infrastructure, including water, sewer,waste management,traffic, and recreational facilities.The proposed overlay reduces development intensity,offering significant community benefits, such as lower population density,decreased demand on infrastructure, increased public park space, elimination of non-conforming transient use, and enhanced resilience to sea level rise.This proposal is in line with the City of Miami Beach's long-term sustainability and resilience goals. Project Summary The Applicant proposes the creation of the Alton Beach Overlay(the "Overlay")within the City's Future Land Use Map("FLUM"), the 2040 Comprehensive Plan text, and the City's Resiliency Code.This proposal includes a reduction in residential density and public park.The design balances modern urban needs with reduced infrastructure demands. Proposed Overlay The Overlay will reduce residential density while increasing the maximum zoned Floor Area Ratio(FAR)and height,with modified setbacks. It will allow the Applicant to seek approval for a 29-story, 100-unit residential multifamily development, along with an approximately 180-seat accessory restaurant(the"Project"). The Overlay includes the following four properties within the West Avenue neighborhood: • 1250 West Avenue and identified by Reference Folio No. 02-3233-048-0001 (the "Development Parcel"); and, 50 of 430 Michael Belush PB24-0698 &PB24-0703—Planning Analysis Page 2 • Properties located at 1247, 1255 West Avenue, and 1234 13t-Street, identified by Folio Nos. 02-3233-018-0110, 02-3233-018-0090, and 02-3233-018-0090, respectively, (collectively the"Park Parcel"). See Figure 1, below,Overlay Aerial. Development Parcel The Development Parcel consists of a single bayfront lot in the southwest corner of the intersection of West Avenue and 13t-Street.The Development Parcel is approximately 83,089 square feet(1.91 acres) in size and is designated by the City's 2040 Comprehensive Plan Future Land Use Map (the "FLUM") as RM-3 High-Density Multi Family Residential("RM-3 FLU"). The Property is zoned RM-3, Residential Multifamily, High Intensity("RM-3") and is located in the West Avenue Bayfront Overlay.The Development's Parcels land use and zoning designations permit a maximum density of 150 units per acre and a maximum floor area ratio of 2.75. Accordingly, the Property can be developed with approximately 286 residential units and 228,000 square feet of floor area.The Development Parcel is developed with a 239-unit apartment building constructed in 1964. See, Figure 2, below,Zoning/FLU Map. Park Parcel The Park Parcel consists of three properties located at the southeast corner of 13th Street and West Avenue.The Park Parcel is approximately 17,252 square feet in size and is designated by the City's 2040 Comprehensive Plan FLUM as RM-2 Medium-Density Multi Family Residential ("RM-2 FLU"). The Park Parcel is zoned RM-2, Residential Multifamily, Medium Intensity("RM- 2") and is located in the West Avenue Bayfront Overlay. The Park Parcel's land use and zoning designations permit a maximum residential density of 100 units per acre and a maximum Foor Area Ratio ("FAR")of 2.0 FAR. Accordingly, the Park Parcel can be developed with approximately 39 residential units and 34,500 square feet of floor area.The Park Parcel is developed with several structures including two single-family homes and a 16-room, 16- bathroom hostel. See Figure 2,Zoning/FLU Map. Project The Applicant will be seeking approval to develop a luxury twenty-nine (29) story, maximum 100-unit residential multifamily project, along with an approximately 180-seat accessory restaurant (the"Project"). The proposal also includes redevelopment of the existing transient use of the Park Parcel as a public recreation open space. 51 of 430 Michael Belush PB24-0698&PB24-0703—Planning Analysis Page iNot iiiiillakIr .4 F. ,,t,e , . . ligi,- ,. Illikliik' \' -.4F-iiri....memad f:.c_ , ... ..i .i.�-. r . 1: II N - • , . . it w 1 _ L-- ;TREET S r lit _ faa . .11. _••• • ,jib MDEVELOPMENT PARCEL PARK Li Irk PARCEL • S. . . . Alle" •.,....-- _ ..... 1... " .1- ii �+-.r. ALTON BEACH Lila, Er anal , 1 OVERLAY Y *- 111.11C. ip 4 1 _, irp. .0....3 01 r""--. ' ' , et 11;1 4 ° ' ql in • 'M' Figure 1. Proposed Overlay Aerial N ,_ City of Miami Beach A , , ,. 2024 52 of 430 Michael Betush PB24-0698&PB24-0703—Planning Analysis Page 4 s a'i: fit, IN . .. IIIiii „isdi«, RM-3' [ a >r.. '. RM-1 1 • '111k�' y s. i•1` ,r . . 1 `_ fvi - -.0. ti'Vs fe). DEVELOPMENT PARCEL 1, PARK as 4' , I PARCEL , 1 y. 111 111110 • AITON BEACH fir .' J • OVERLAY I - - �: 3. RM-2 lli al I vuoiillieM. i I . ,..k i ; it- . _ ... _ . .. _ i. , WEST AVENUE ' BAYFRONT OVERLAY V. 4 A Figure 2. Zoning/FLU Map A N ❑ City of Miami Brach 4 ?LLB>aa.l r.c•a Er,�T.,sIIa t ap. -,- �— _::::) 53 of 430 Michael Belush PB24-0698&PB24-0703-Planning Analysis Page 5 Public Infrastructure Impact The analysis shows that the Alton Beach Overlay wilt significantly reduce density and population,thereby lessening demands on roadways, parks, potable water, sanitary sewer, solid waste management, and schools. Additionally,the new 129-space parking Park will improve local parking availability, and the 5,400 square feet of office space for City use will increase municipal visibility in the area, contributing positively to the neighborhood's character. Key Benefits of the Overlay: • Population Reduction:The potential number of residents will decrease from 813 to 250, reducing the community's strain on public resources. • Water Consumption: Potable water demand will decrease by 63,166 gallons per day, demonstrating a commitment to sustainable water management. • Waste Management:Solid waste generation wilt decrease by 111 tons annually. • Traffic: Peak hour trips will decrease by 36 in the morning and 38 in the afternoon, reducing congestion and enhancing safety. • Increase Public Recreational Open Space: The Park Parcel will add 17,252 square feet of public recreational open space to the city's park system. Project Population The Proposed Overlay development will have significantly fewer residents compared to development currently allowed. The most recent estimate from the 2020 Census is that 2.50 persons occupy each housing unit in the City of Miami Beach. This translates into approximately 813 residents under the existing designations. The proposed overlay development will reduce the number of residential units from 325 to 100, resulting in a population decrease of 563 residents, reducing infrastructure demands, and improving overall quality of life in the neighborhood. See Table 1,below,for project population calculations. 54 of 430 Michael Belush PB24-0698&PB24-0703—Planning Analysis Page 6 Table 1 Project Population Current Allowed Development Development Parcel Density/Intensity Persons/Household(pph) Total Persons Mutti-Family High Rise Housing 286 du 2.5 pph 715 persons Garage Parcel Multi-Family Medium Intensity Housing • 39 du 2.5 pph 98 persons Total 813 persons Alton Beach Overlay Proposed Development Development Parcel Mutti-Family High Rise Housing 100 du 2.5 pph 25 persons Restaurant 180 seats na na Garage Parcel Parking Garage 129 spaces na na Office 5,400 sf na na Total 260 . .ns Population Difference -563 persons Potable Water The project's proposed reduction in unit count will lower potable water demand by 63,166 gallons per day,alleviating pressure on the city's water supply systems.Such a decrease demonstrates the Applicant's commitment to minimizing environmental impact and contributing to a sustainable water management strategy. See Table 2,below,for potable water demand calculations. Table 2 Potable Water Demand Current Allowed Development Development Parcel Density/Intensity Gallons Per Day Rate Total Persons Total Gallons Per Day Muth-Family High Rise Housing 286 du 140 gpd/capita 715 persons 100,100 gpd Garage Parcel Mule-Family Medium Intensity Housing 39 du 140 gpd/capita 98 persons 13,720 gpd Total 113,820 Alton Beach Overlay Proposed Development Development Parcel Mutt-Family High Rise Housing 100 du 140 gpd/capita 275 persons 38.500 gpd Restaurant 180 seats 65 gpd/seat na 11,700 gpd Garage Parcel Parking Garage 129 spaces na na na Office 5,400 sf 0.084 gpd/sf na 454 gpd Total 50,664 ,• Allowed-Proposed=Difference -63.166 gpd By reducing water consumption,the Project supports the city's goal to optimize the use of public resources and ensures that potable water remains available for other users in the area, particularly in times of peak demand.The project thus supports sustainable growth without overwhelming the city's water supply systems. 55 of 430 Michael Belush PB24-0698&PB24-0703-Planning Analysis Page 7 Sanitary Sewer With an anticipated reduction of 63,166 gallons per day in sanitary sewe-demand,this project aligns with Miami Beach's sustainability goals by significantly reducing pressure on wastewater infrastructure.This decrease will improve the longevity of existing systems and mitigate maintenance costs for the city. See Table 3, below,for sanitary sewer generation calculations. Table 3 Sanitary Sewer Generation Current Allowed Development Development Parcel Density/Intensity Gallons Per Day Rate Total Persons Total Gallons Per Day Mutli•FamilyHigh Rise Housing 286 du 140 gpd/capita 715 persons 100.100 gpd Garage Parcel Multi FamilyMedium Intensity Housing 39 du 140 gpolcapita 98 persons 13.720 gpd Total 113.820 Alton Beach Overlay Proposed Development Development Parcel Mufti-Family High Rise Housing 100 du 140 gpd/capita 275 persons 38,500 gpd Restaurant 180 seats 65 gpd/seat na 11.700 gpd Garage Parcel Parkin Garage 129 spaces na na na Office 5.400 sf 0.084 gpd/s' na 454 gpd Total 50.E ^• Allowed Proposed"Difference -63,166 gpd By reducing the sanitary sewer load,the Project supports the goal of reducing infrastructure strain and ensuring long-term sustainability (MBCP Policy 1.2.2). Less wastewater generation means fewer demands or Miami Beach's aging sewer infrastructure, reducing the risk of overflow or contamination, particularly in the context of climate charge and rising sea levels. Solid Waste Projected solid waste generation will decrease by 111 tons annually, enhancing the city's waste management efficiency.This considerable reduction represents a long-term benefit, contributing to cleaner, more manageable public spaces. See Table 4, below,for solid waste generation estimates. 56 of 430 Michael Belush PB24-0698&PB24-0703—Planning Analysis Page 8 Table 4 Solid Waste Generation Current Mowed Development Development Parcel Density/Intensity Rate Per Year Total Lbs/Year Total Tons Per Year Muth-Family High Rise Housing 286 du 1,440(bs/du 411.840 lbs 206 tons Garage Parcel Multi-Family Medium Intensity Housing 39 du 1.440 lbs/du 56.160 lbs 28 tons Total 234 tons Alton Beach Overlay Proposed Development Development Parcel Mufti-Family High Rise Housing 100 du 1,440 Ibs/du 144,000 tbs 72 tons Restaurant 180 seats 26 lbs/st 87,484 lbs 44 tons Garage Parcel Parking Garage 129 spaces na na na Office 5,400 sl 2.520 Ibs/sf 13,608 lbs 7 tons Total 123 tons Allowed•Proposed=Difference -111 tons Traffic The project will reduce morning and afternoon peak trips by 36 and 38 vehicles, respectively. This reduction will ease congestion and enhance roadway safety for residents and visitors alike. See Table 5, below,for peak hour trip generation estimates. Table 5 Peak Hour Trip Generation AM Peak Hour/PM Peak Hour Current Allowed Development Development Parcel Density/intensity Entering Trips ExKi,gTrips Net New External Trips AM PM AM PH AM PM Multi-Fatuity Migh Rise Housing 286 du 21 60 59 36 80 96 Garage Parcel Multi-Family Medium Intensity Housing 39 du 1 9 4 8 5 15 Total 86 111 Alton Beach Overlay Proposed Development Development Parcel Muttl-Family High Rise Housing 100 du 10 25 27 14 37 39 Restaurant 180 seats 2 15 1 7 3 22 Garage Parcel Parking Garage 129 spaces na na na Office 5,400 sf 7 4 2 8 9 12 Total 49 73 Allowed-Proposed=Difference -36 -38 Baywalk and West Avenue Connector The Baywalk connection will provide critical pedestrian access between 13th Street and the waterfront,fostering a more walkable community and supporting Miami Beach's vision for 57 of 430 Michael Belush PB24-0698&PB24-0703—Planning Analysis Page 9 connected, on-grade recreational paths.This addition not only enhances recreational opportunities but also promotes healthier lifestyles and strengthens neighborhood connectivity. The boardwalk addition will further encourage active transportation (such as walking and cycling) reduce dependence on cars, improving air quality and reducing traffic- related stress.Additionally, creating spaces for community engagement through parks or recreational facilities aligns with the city's public health objectives(MBCP Policy 2.2.1, Policy 1.5.2). The proposed project will not only provide a missing link of the Baywalk, it will also provide cross-access to the Baywalk from the West Avenue. This interconnection will allow pedestrians in the vicinity of 13"Street and West Avenue to go west across the Development Parcel and access the Baywalk. This will, of course, also allow pedestrians using the Baywalk to exit in the vicinity of 13'Street, travel east to West Avenue and beyond. Construction of the Baywalk on the Development Parcel will provide an important link to properties to the north and south and will provide an important interconnection to West Avenue. This supports the MBCP Policy TE 1.5.7 which seeks implementation of the Baywalk,"... in order to further the City's vision of having a continuous on-grade recreational path running north/south along the coast linking the City's South, Middle and North Beach Neighborhoods." Parks, Recreation and Schools The City of Miami Beach suffers from a lack of large open field space. There is currently only one regulation baseball field and one regulation softball field within the city limits. With more children under 18 living in the City of Miami Beach than ever before, it has been necessary to re-assess the needs of the community and its respective populations accordingly As a result of the decrease of approximately 563 residents, the Overlay will lessen potential impacts on parks and schools. Furthermore,the Overlay's creation of additional public park space (17,252 square feet), public cross-access over the Development Parcel, and its contribution to the Baywalk support the city's goals for enhancing public recreation facilities and providing better access to open spaces. This aligns with the city's goal to address the lack of large open fields and offer more recreational opportunities Resiliency and Sea Level Rise In designing for resilience,this project exceeds the minimum flood elevation requirements, protecting against future sea level rise and severe weather events. Critical systems are positioned above base flood levels, ensuring operational reliability. This proactive approach to resiliency underlines the Applicant's commitment to safeguarding Miami Beach's future.. The Project has been designed to accommodate the raising of the roads, both now and in the future, and not only complies with but exceeds the elevation requirements of the Florida Building Code.The building is designed to a flood elevation of 13'-00". This elevation is 4'-00" 58 of 430 Michael Belush PB24-0698&PB24-0703-Planning Analysis Page 10 above the required design flood elevation of 9'-00" NGVD. All critical mechanical and electrical systems will be located well above base flood elevation. Furthermore, the Project's ground floor will be adaptable to the raising of public rights-of-ways and adjacent land, and will provide sufficient height and space to ensure that entryways and exits can be modified. The existing building on the Development Parcel was built in 1964, and the buildings on the Park Parcel were built in 1935, 1936 and 1958; all prior to the current base flood elevation and stormwater management standards and requirements. Redevelopment of the sites will exceed current requirements and will vastly improve the resiliency of site and contribute to protecting the neighborhood from the effects of sea level rise. Cool Pavement Materials or Porous Pavement Materials The Applicant will utilize pavement materials or porous pavement materials where possible, including, but not limited to,the pathway along the main entrance and the east-west connector of West Avenue to the Baywalk. Final design architectural elements of the Project will be considered at the appropriate time in the building review process. Building Orientation and Heat Gain The building's north-south orientation minimizes solar gain, reducing energy demands and providing a more sustainable footprint.The design incorporates cool and porous pavement materials to mitigate urban heat island effects, alongside strategically placed shade trees. Together,these features underscore a commitment to creating an environmentally conscious, energy-efficient development The proposed building is deliberately oriented to minimize both solar gain, energy consumption and shadow casting on adjacent buildings.The proposed building will be oriented with its longest access oriented north-south, parallel to the Intercoastal Waterway. This orientation has the shortest side of the building facing south and the longer sides facing east and west. This orientation will minimize solar gain and, thereby, reduce energy needed to cool the interior. The proposed building orientation also minimizes shadows cast on adjacent properties. The adjacent buildings to the north and south of the Development Parcel are oriented with their longest axis east to west, perpendicular to the Intercoastal Waterway. By orienting the proposed perpendicular to the adjacent buildings,the length of time the building to north will experience shadow will be minimized. Concurrency Management Plan& Program The City of Miami Beach's Concurrency Management Plan and Program (CMP) is a critical policy framework designed to ensure that development occurs in alignment with the city's ability to provide the necessary public infrastructure and services, such as potable water, 59 of 430 Michael Belush PB24-0698&PB24-0703-Planning Analysis Page 11 sanitary sewer systems, solid waste management, roadways, and recreation/open spaces.The program aims to prevent overburdening public facilities, thereby maintaining a high quality of life for residents and preserving the city's resources. On October 16, 2024, the City Planning Department prepared a draft concurrency and mobility fee calculation for the redevelopment Project. In summary, the fee credit is more than twice the amount of the impact fee. This draft statement substantiates the decreased impact on infrastructure and confirms the redevelopment Project proactively reduces its impact on public facilities. See Attachment 1 -Draft Concurrency& Mobility Fee Calculation. The redevelopment Project is consistent with the goals, ob ectives, and policies of the Concurrency Management Plan and supports the city's broader vision for sustainable, resilient, and equitable development.This analysis demonstrates how such a project aligns with and advances the objectives of the City's CMP while minimizing the strain on essential infrastructure. Through its focus on minimizing impacts on critical public facilities,the redevelopment ensures that the city's infrastructure can continue to support both existing and future residents,white maintaining the high quality of life that Miami Beach is known for. This type of development is an essential step in achieving a balanced, resilient, and sustainable urban future for the city. Consistency with the City of Miami Beach Comprehensive Plan 2040 The proposal in the attached memo aligns well with the City of Miami Beach Comprehensive Plan 2040, particularly in areas of land use, sustainability, resilience,community needs, and infrastructure. Below is a detailed discussion of the proposal's consistency with key components of the city's Comprehensive Plan: 1. Land Use and Zoning(Goal LU-1, Policy lU-1.3) The Alton Beach Overlay proposal addresses residential density reduction, aligning with Miami Beach's objectives to manage growth effectively while preserving community quality of life. By reducing the residential density of the Development Parcel from 286 units to 100 units,the proposal supports sustainable land use, preventing overdevelopment and the overburdening of infrastructure. 2. Sustainability and Resilience(Goal EC-1, Policy EC-1.1, Goal CM-1, Policy CM-1.1) The proposal emphasizes resilience to sea level rise, with the building designed above the base flood elevation and other sustainability features such as cool pavements and porous materials. By ensuring the project exceeds flood elevation requirements, the development addresses Miami Beach's resilience goals and demonstrates commitment to adapting to climate change, a key objective of the 2040 plan. 60 of 430 Michael Belush PB24-0698 &PB24-0703-Planning Analysis Page 12 3. Water, Sewer, and Waste Management(Goal FL-3, Policy FL-3.4) The reduction in potable water demand by 63,166 gallons per day and the decrease in solid waste generation by 111 tons annually directly align with the City's sustainability goals to optimize the use of public resources and reduce the strain on infrastructure. The proposal highlights its contribution to environmental sustainability and reducing infrastructure strain, key concerns in the city's comprehensive plan. 4. Traffic and Mobility(Goal T-1, Policy T-1.1) The project's reduction in peak hour trips by 36 in the morning and 38 in the afternoon supports Miami Beach's mobility goals by reducing traffic congestion and promoting safer, more sustainable transportation alternatives.This is consistent with the city's push for improving mobility without exacerbating congestion. 5. Parks and Recreation (Goal PR-1, Policy PR-1.1) The proposal's creation of additional public park space (17,252 square feet) and its contribution to the Baywalk support the city's goals for enhancing public recreation facilities and providing better access to open spaces.This aligns with the city's goal to address the lack of large open fields and offer more recreational opportunities. 6. Community Impact(Goal CM-1, Policy CM-1.2) The reduction in population density and the creation of a community-oriented Baywalk will improve neighborhood quality of life by fostering connectivity, providing space for active transportation, and reducing pressures on schools and public services. These elements address the city's objective to promote community well-being and inclusivity Conclusion In conclusion,the Alton Beach Overlay presents a significant step forward in Miami Beach's development. By reducing population density,decreasing resource demands, improving infrastructure longevity,and contributing public parks and the Baywalk,this project offers a balanced approach to urban development that aligns with the City's long-term goals.We believe this proposal will serve as a model for resilient,community-focused planning. Thank you for your attention to this matter. Please contact me (305)807-6306 with any questions or need for additional information. Sincerely, re2/;;„ Rob Curtis, AICP 61 of 430 ATTACHMENT 1 PLANNING Ot MIT Wert DRAFT DRAFT Concurtency a Mobility Fee Calculation Nlwet Paged Mar SmM Saadt Moe Pnwarett 10/f6/201e - Nome at Proied, MINIMS d Sb: 331P•IifS Woe AoMws a IMO Weal Mama Penn Uourw a .melt@ Proper*be: Mobility Fos Calculation('...N.....a.w.a ewe..bun...roe fx..n..nn.u..,,,Severe*.1 d..tlr n.l itatMeA(3al Prepeaed Crete Ma Fly Credit 5-F-unt au.3.500 to.R. S 2.26141 Per Oat $ f ' 5-7:urn sus and 7.0001G.R Per um . S 3.35.73 s 3. $ $ • ~ 5-7 unt au P 7,030 so.R. S 3.944 34 Per One S • $ - Mae Mao*Itasam4r 6 LAMAS Fr um _ ..-.. 3 MUMS& f 44210224 Alloalatio tanW S Per ilea Workforce*wig $ S 1 00 w Meat $ _ 6 $ . Co- a/MI Apartments S 971.99 Poe ' bv. Oo f • $ - Mcrt emn/E•+F.hMn.nc hapaeM awe W Ns a.elt Manna 1 ndarand Ott swap) S 394 95 PerMerpr -S - S Go f Coarse S 4.976.51 Pr NON • s NON . - Movie Theater S 29,25S 20 Per knee, $ $ . ' f f Outdoor Commercial 4craa0en $ 2.M5.32 Pr At"A - ' Commuhty Caner/CMc/W Wry/lo0*/Muut,m S 2 40 Per SO`t- ' $ f nose Cot, .0Oal SO.auor/N.akh O,b/7I4nu $ S.M ►r Sq.Ft. S • f butlwtlonal Credit.dlt ha Fly CreditICon6rwnp are ca0MV/N m uron4 Nome/Meort Care/ 1 f— 1 1 t 1 COn9regate Care FadMry/AsaNed/l0drnK:Avg S 941.91 Pr BOB $ • $ - Private Sdnol(Pre a12) S 2.69 Pr So.7t. I • $ Now of wonAlte m a ry c-a ...o Wogs S 2J9 Poe So rt. $ S ' r. OrrCare Center 5 a 94 Pr So Et — $ S - _ let/msMlal Proposed Cr.At h. Nee Mach were110w./M+^d ndW,a ac urrif . r►ro,ucten 5 lass Per So Et -$ • S farrewa noautt/ao.J0vs a Other Outdoor Stooge S 0,61 Pr So 7t r f ,$ • , btr'buDon/Fuibmnt Cntr/ pe►A Deavey WA S 2.76 Per SO rt '$ $ . ' Office Proposed awe ha Foe Creak Genera Onk./n6wcnJNWnr Edo/f n019/bank S 429 PrSo%t S rS - MedkalDeroUCl..t/VetenWe/1WspRa S 9.76 Pr SO ct $ • S • Santa/NeMN/Non•RaldrtU.1 Propelled Croak he No Credit leeoeSaW/7.r7py7awaurremSe,,rcer 1 S 22.971 Per So.7r. MOO S 77..... S PMrma y/Obpanury/Parn Wnapmmt Chnc S 19.76 Pr Sq.Et. s • s . Supermarket $ 21.00 w So k. $ • S • Takeout errr mat no sooting S 24.21 Pr So.R $ - S - ' eeehunr.with..rare S 1.124 S9 w Sew 90 S • f 101.213.10 ta..ol m't d .4hU S 11.68167 Poe $ • $ e?Wu . ' e Ir/alit'Dub/fret rtpeut loos severe S 33.51 Pr SO Ft- — ' Arto-aoin Saa✓S ndc/Mow/CNar+.</Pares = r- y $ • S $ as Per So s s Hate/1•rlbr e 1 5 2106.43 w soon 39 S $ 96.30926' CrrtroNc.Fatal S 24 99 w SO k. $ $ MN Vat k r st 1 S L223.34 tin Fuel Pompon _ S • f • 1 Or Mend/ATM QM.Ilini sane.Stand Abe ATM S 15.60S ea ParOrwn We/AM rru - 's • $ TOW M06045 fee and Ci.de- $ 2nrow.00 s seams°' MPOi*ty/or f Mount Previously Paid pi Appaobrr. Ar.p.nt a 1S7Joo01241300012S 3a400-0000 MAW/Fa.Du.: $ - Parka Conwrrar7cy Mitigation For Calculation Near eeadentul Urns (53g.0) New Hotel Room&. 116.01 Res Pop Demand. 134S 0) Motel Pop Domand. (I 0VI Oil T0401 Pop.tMen omen..: • pope Pro halos TNaa Ceeoateat Car of vier CaMdty d) Population.- h.$Pas.. SOW-Thor. fall*, 11erAswP Moser Masse,. Om A.o.a0en and Op..Spec*A0e7• YES N/A N/A N/A N/A N/A s.w.nng Pod YEs WA, `N/A N/A N/A N/A Gd Course Des N/A_ N/A N/A 94/A N/A 9reet1a9 Cost ) YES N/A_ N/A N/A N(A N/A) Tonnes of Peeled Court tit N/A_ N/A N/A N/A N/A MAppe,Use Fadrty YES N/A N/A e N/A N/A; Oeuanated Ord AI.a 0E3 t N/A_ W A la/A! 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L L Hi _ 3li 106 of 430 • The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the City of Miami Beach Submitted to: Mr.Michael Stern 1250 West Ave Owner LLC Submitted by: weg rhc Washington Inc BUSINESS iroFLARE® Econom.c Dinitfopmwtt Solutans Mavnnt4 Your Mvtatploco October 9, 2024 The Wachu+p0or Economics Group,Inc(WEG) 2655 leJeute Road,Suite 541,Coral Gables,Ft 33134 T:305-461-3811- F:305-461-3822 I E:mfoeweq.com I W:www.wep.com 107 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the CI of Miami of Miami Beach Table of Contents Executive Summary 1 ii. Quantifying the Economic impacts of the Proposed Residential Tower on the City of Miami Beach:Background and Methodology _._ 5 Construction Phase:Summary of the Economic Impacts 7 A. Just Over 3,356 Jobs are Supported in the City of Miami Beach During the Construction Phase of 1250 West 7 B. The Total Household Income Created in the City of Miami Beach is Over S224 Million During the Construction Phase 8 C The Total GDP(Value-Added)Impacts Arising from the Construction Phase of 1250 West Are Important to the City of Miami Beach 9 D. The Total Economic Impact of the Construction Phase of 1250 West is Expected to Generate Over$572 Million to the City of Miami Beach 11 E. Total Federal,State and Local Fiscal Revenues Generated by 1250 West During the Construction Phase 12 Ongoing Operations Phase:Summary of the Economic Impacts 12 F. Total Annual Jobs Supported by the Ongoing Operations Phase of 1250 West in the City of Miami Beach 13 G. Total Annual Household Income Created in the City of Miami Beach by 1250 West During the Ongoing Operations Phase 14 H. Total Annual GDP(Value-Added)Impacts Generated by the Ongoing Operations Phase of 1250 West in the City of Miami Beach 15 L Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in the City of Miami Beach 17 J. Total Annual Federal,State and Local Fiscal Revenues Generated by the Ongoing Operations Phase of 1250 West in the City of Miami Beach 18 III. Estimating the Ad Valorem Real Estate Taxes of the Proposed Residential Tower at 1250 West Ave in the City of Miami Beach 19 A. Fiscal Revenue Assessment 19 B. Assumptions 19 C Construction Value 20 D. Sales Value 21 E. Ad Valorem Tax Revenue 22 -i- 108 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach Appendix I. IMPLAN Methodology 25 Appendix II. Economic Glossary 28 Appendix III. The Washington Economics Group,Inc.Project Team and Qualifications 30 -il- 109 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Beach List of Tables Table ES-1. Summary of the Economic Impacts of the Construction Phase of 1250 West in Miami Beach 2 Table ES-2. Summary of the Total Annual Economic Impacts of the Ongoing Operations Phase of 1250 West in Miami Beach 3 Table ES-3. Net Present Value of New City Ad Valorem Tax Revenue 4 Table 1. Summary of the Economic Impacts of the Construction Phase of 1250 West in Miami Beach 7 Table 2. Total Jobs Supported by the Construction Phase of 1250 West in Miami Beach 8 Table 3. Total Household income Created by the Construction Phase of 1250 West in Miami Beach 9 Table 4. Total GDP(Value-Added)Impacts Generated by the Construction Phase of 1250 West in Miami Beach 10 Table 5. Total Economic Impact Generated by the Construction Phase of 1250 West in Miami Beach 11 Table 6. Total Federal,State and Local Fiscal Revenues Generated by the Construction Phase of 1250 West in Miami Beach 12 Table 7. Summary of the Total Annual Economic Impacts of the Ongoing Operations Phase of 1250 West in Miami Beach 13 Table 8. Total Annual lobs Supported by the Ongoing Operations Phase of 1250 West in Miami Beach 13 Table 9. Total Annual Household Income Created by the Ongoing Operations Phase of 2250 West in Miami Beach 15 Table 10. Total Annual GDP(Value-Added)Impacts Generated by the Ongoing Operations of 1250 West in Miami Beach 16 Table 11. Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in Miami Beach 17 Table 12. Total Annual Federal,State and Local Fiscal Revenues Generated by the Ongoing Operations Phase of 1250 West in Miami Beach 18 Table 13. Taxable Value Projections/Construction Phase 21 Table 14. Taxable Value Projections/With Unit Closings 22 Table 15. Projections of Taxable Value and Ad Valorem Tax Revenue 23 Table 16. Net Present Value of New City Ad Valorem Tax Revenue 24 -Ii- 110 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach List of Figures Figure ES-1.Total Economic Impact Generated by the Construction Phase of 1250 West in Miami Beach 2 Figure ES-2.Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in Miami Beach 3 Figure 1. Total Jobs Supported by the Construction Phase of 1250 West in Miami Beach 8 Figure 2. Total Household Income Created by the Construction Phase of 1250 West in Miami Beach 9 Figure 3. Total GDP(Value-Added)Impacts Generated by the Construction Phase of 1250 West in Miami Beach 10 Figure 4. Total Economic Impact Generated by the Construction Phase of 1250 West in Miami Beach 11 Figure 5. Total Annual Jobs Supported by the Ongoing Operations Phase of 1250 West in Miami Beach 14 Figure 6. Total Annual Household Income Created by the Ongoing Operations Phase of 1250 West in Miami Beach 15 Figure 7. Total Annual GDP(Value-Added) Impacts Generated by the Ongoing Operations of 1250 West in Miami Beach 16 Figure 8. Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in Miami Beach 18 • •iv 111 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the CI of Miami of Miami Beach Executive Summary ■ The Washington Economics Group (WEG) was retained to conduct an economic impact study and to estimate the ad valorem real estate taxes associated with all the multifaceted activities of a proposed mixed-use tower, which includes 100-high rise multifamily residential units and a 180-seat fine dining restaurant.This development is referred to as "1250 West" throughout this Study. The quantifiable economic impacts on the City of Miami Beach economy consist of the following five broad categories of economic impacts: 1. Impact of Construction (Estimated Timeline of 40 Months) 2. Impact of Annual Living Expenditures by Residents 3. Impact of Annual On-Site Restaurant Sales 4. Impact of Additional Annual Visitors Based on Traffic Assessment 5. Impact of Annual Residential Unit Sales • The quantifiable economic impacts of 1250 West extend beyond what is directly related to these five categories of spending.These"spillover"or multiplier impacts are primarily the result of the impact of local industries buying goods and services from other local industries (known as an indirect effect), as well as increased labor income and the propensity of households to spend income on goods produced within the local areas (known as an induced effect). WEG quantified and estimated the comprehensive economic impacts of 1250 West utilizing the professionally accepted and widely used IMPLAN Input/Output Methodology. • These economic impacts are presented in 2024 dollars and are presented for the entire 40-month period during the Construction Phase, as well as on an annually recurring basis during the "steady-state" Ongoing Operations Phase once construction is completed. • The construction of 1250 West is estimated to take 40 months (just over 3.3) years. Throughout this entire period of construction, the Total Economic Impact is estimated at$572 million. In addition,the construction of 1250 West will generate over 3,350 jobs,$224 million in Household Income,more than$293 million in GDP and over$48 million in Federal, State and Local Fiscal Revenues from the increase in economic activity as detailed in Table ES-1 on the following page. The Washington Economics Group(WEG) Pap I 1 112 of 430 The Comprehensive Economic and Tar Revenue Impacts for the Development of the Proposed Residential Tower in the City of Miami of Miami Beach Table ES-1.Summary of the Economic Impacts of the Construction Phase of 1250 West In Miami Beach Impact on: Direct Indirect& Total Induced Im cart Employment(Jobs) 3,309 46 3,356 Household Income(S MM) 5222 53 S225 GDP(Value Added S MM) S289 S4 $293 Total Economic Impact(S MM) S564 S8 S572 Federal,State&Local Fiscal Revenues(S MM) S48 S1 $48 Note:Total may not equal the sum of all due to rounding Source: The Washington Economics Group(WEG). ■ The Total Economic Impact of 1250 West positively impacts a variety of Miami Beach's top industry sectors during the Construction Phase. Just under$353 million, or 62 percent of the impacts occur within the Construction sector,followed by Professional Services with over $150 million, or 26 percent and Finance & Insurance with $63 million,or 11 percent.The remaining 1 percent is distributed within Government& Other sectors as presented in Figure ES-1 below. Figure ES-1.Total Economic Impact Generated by the Construction Phase of 1250 West in Miami Beach 11% 1% 26% :::::::::seices "V .Finance&Insurance 62% •Government&Other • Source:The Washington Economics Group(WEG). The Washington Economics Group,Inc.(WEG) Page 2 113 of 430 The Comprehensive Econoron and Tax Revenue Imp.,.t%for the Development of the Proposed Residential Tower in the 11 of Miami of Miami Reath • Once the Ongoing Operations Phase begins,the Total Annual Economic Impact is estimated at$303 million.In addition,the construction of 1250 West will result in over 1,320 Jobs, $23 million in Household Income, S150 million in GDP and over 523 million in Federal,State and Local Fiscal Revenues each year as detailed in Table ES-2 below. Table ES-2.Summary of the Total Annual Economic Impacts of the Ongoing Operations Phase of 1250 West in Miami Beach impact on_ Direct indirect& Induced , Employment(lobs) 1.288 32 1,320 Household Income(S MM) $21 S2 $23 GDP(Value Added S MM) S147 S3 S150 Total Economic Impact(S MM) 5297 S6 $303 Federal,State&Local Fiscal Revenues(S MM) S22 41 $23 Note:Total may not equal the sum of all due to rounding. Source: The Washington Economics Group(WEG). • The Total Economic Impact of 1250 West each year during the Ongoing Operations Phase is just under $303 million. Of this total, a significant $277 million,or 92 percent,of the impacts occur within the Real Estate sector,followed by Visitor Industry with$10 million,or 3 percent. Figure ES-2.Total Annual Economic impact Generated by the Ongoing Operations Phase of 1250 West in Miami Beach ]]% 1% •Real Estate 2% 1% 3% •Visitor Industry a Other Knowledge-Based Services ■Finance&Insurance a Wholesale Trade&Transportation Services ■Government&Other Source:The Washington Economics Group(WEG). The Wash/ ton Economics Group,Inc.(WEG) Page i 3 114 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Reach The remaining 5 percent is distributed within various other Knowledge-Based Services, Government & Other industry sectors as presented in Figure ES-2 on the previous page. ■ The Fiscal Revenue Assessment provides estimates for 10,20 and 30-year projections of ad valorem tax receipts that the project may generate for the City of Miami Beach. Overall,this project is expected to generate over$24 million in new revenue for the City of Miami Beach during the next 10 years and almost$218 million over the next 30 years. • By 2030 and once construction is completed,it is estimated that the new taxable value at the property located at 1250 West Ave will be $299.6 million, compared to the current taxable value of$39.5 million.The project's construction alone represents a significant increase in the property's taxable value and ad valorem tax receipts to Miami Beach. ■ Additionally, over the next 30 years, the project can generate over $175 million for Miami-Dade County,$250 million for Miami-Dade Schools,and almost$20 million for the Children's Trust. Overall, this project is expected to generate over$200 million in new tax revenue for the City of Miami Beach during the next 30 years as shown in Table ES-3 below,and will continue to produce revenue for the City beyond the initial timeframe of this assessment. Table ES-3.Net Present Value of New City Ad Valorem Tax Revenue 10-Year Gross $24,186,669 3.5% NPV S 21,663,473 5.0% NPV $19,022,796 20-Year Gross $102,115,829 3.5% NPV $60,979,876 5.0% NPV S49,567,277 30-Year Gross S217,946,808 3.5% NPV S105,577,178 5.0% NPV $79,571,870 Source:BusinessFlare Economic Development Solutions. The Washington Economics Group,Inc.(WEG) • 14 115 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the CI of Miami of Miami Beach ii. Quantifying the Economic Impacts of the Proposed Residential Tower on the City of Miami Beach: Background and Methodology The proposed redevelopment ("1250 West") consists of a mixed-use tower with 100-high rise multifamily residential units and a 180-seat fine dining restaurant. Parking is provided on-site, and a traffic assessment prepared by Kimley Horn was utilized to estimate net increases in visitors to these facilities. The quantifiable economic impacts are discussed below and consist of the following five broad categories of economic impacts: 1. Impact of Construction (Estimated Timeline of 40 Months) 2. Impact of Annual Living Expenditures by Residents 3. Impact of Annual On-Site Restaurant Sales 4. Impact of Additional Annual Visitors Based on Traffic Assessment 5. Impact of Annual Residential Unit Sales The quantifiable economic impacts of 1250 West extend beyond what is directly related to these five categories of spending. These "spillover" or multiplier impacts are primarily the result of the impact of local industries buying goods and services from other local industries (known as an indirect effect), as well as increased labor income and the propensity of households to spend income on goods produced within the local areas(known as an induced effect). The economic impacts of 1250 West make an important contribution to the economy of the City of Miami Beach. WEG quantified and estimated the comprehensive economic impacts utilizing the professionally accepted and widely used IMPLAN Input/Output Methodology. The IMPLAN Group, LLC. (IMPLAN) provides the software and basic data needed to formulate the economic multiplier model developed for this Study. IMPLAN has been providing economic multiplier models for regional economic impact analysis since 1985.1 IMPLAN models are widely used by both public and private-sector decision makers throughout Florida. The direct, indirect and induced economic effects provided by the IMPLAN model were combined in the tables and figures that follow. These impacts are presented in 2024 dollars and are presented for the entire 40-month period during the Construction Phase, as well as on an annually recurring basis during the "steady-state" Ongoing Operations Phase once construction is completed. The following text provides a technical description of the 1lnformation on the IMPLAN Group.LLC models and the company history can be found at www.implan.com. The Washington Economics Group(WEG) Page I S 116 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Beach direct, indirect and induced multiplier effects. For more information on the 1MPLAN model, see Methodology below. Input/Output Methodology: Technical Description Economic models that explicitly account for inter-industry linkages (supply relationships), the generation of labor and capital income and the spending of household income have been used since the 1960's to estimate the contribution that a particular business or industry makes to the general economy. These "input-output" models recognize that, as an industry experiences an increase in the demand for its products or services,it in turn needs more goods and services from its suppliers and must increase its purchases from other industries in the economy. The effect on regional production resulting from successive rounds of inter-industry linkages is referred to as the indirect effect. The resulting increases in regional production also lead to expansions in employment and labor income,and the increases in labor income lead to increases in consumer spending, further expanding sales and production throughout the regional economy.The latter economic impacts are referred to as the induced effects. The successive waves of production, spending and more production result in economic multiplier effects, where the final or total increase in regional production, income and employment, respectively, is larger than the initial (or"direct") increase in production, income and employment.The total quantitative economic contribution of these activities,therefore,is comprised of a direct effect,an indirect effect and an induced effect. The following sections estimate the positive economic impacts on the City of Miami Beach resulting from all multifaceted activities of the proposed mixed-use tower located at 1250 West Avenue in terms of: A. Employment(Jobs) B. Household Income C. Gross Domestic Product(Value Added) D. Total Economic Impact(Gross Economic Output) E. Public Revenues(taxes)for State and Local Governments The Washin• on Economies Grou •G 6 117 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the CI of Miami of Miami Beach Construction Phase: Summary of the Economic Impacts The construction of 1250 West is estimated to take 40 months (just over 3.3) years. Throughout this entire period of construction,the Total Economic Impact is estimated at$572 million. In addition, the construction of 1250 West will generate over 3,350 jobs, $224 million in Household Income, more than $293 million in GDP and over $48 million in Federal,State and Local Fiscal Revenues from the increased economic activity as detailed in Table 1 below. Table 1.Summary of the Economic Impacts of the Construction Phase of 1250 West in Miami Beach Indirect& Total Impact on: Direct Induced Im act Employment(Jobs) 3,309 46 3,356 Household Income(S MM) $222 $3 S225 GDP(Value Added$MM) $289 $4 $293 Total Economic Impact(S MM) $564 $8 $572 Federal,State&Local Fiscal Revenues(S MM) $48 $1 $48 Note:Total may not equal the sum of all due to rounding. Source: The Washington Economics Group(WEG). A. Just Over 3,356 Jobs are Supported in the City of Miami Beach During the Construction Phase of 1250 West Throughout the 40-month Construction Phase, 3,356 jobs are supported in the City of Miami Beach.The jobs supported are within several industry sectors.Of this total 3,309,or 99 percent of the jobs are supported through direct economic effects, while 46 jobs are supported via indirect and induced effects (see Table 1 above). The most important industry sector is Construction with 2,238 jobs supported,or 67 percent of the total. The next most Important sector is Professional Services with 775 jobs, or 23 percent of the impacts and Finance & Insurance,with 310 jobs, or 9 percent.The remaining 1 percent of employment is created within the Government & Other sectors as shown in Table 2 and Figure 1 on the next page. The Washin ton Economics Grou WEG P e 7 118 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the CI of Miami of Miami Beach Table 2.Total Jobs Supported by the Construction Phase of 1250 West in Miami Beach Indutitrt luh.'.uppurted oil 1 uC�l Construction 2,238 67% Professional Services 775 23% Finance&insurance 310 9% Government&Other 33 1% Tot.tl i i 7o, 1 OW Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). Figure 1.Total lobs Supported by the Construction Phase of 1250 West in Miami Beach 90/0 1% ■Construction 23% ■Professional Services ■Finance&Insurance ■Government&Other 67% Source:The Washington Economics Group(WEG). B. The Total Household Income Created in the City of Miami Beach is Over $224 Million During the Construction Phase The Total Household Income created during the Construction Phase is just over$224 million.Of the total Household Income of over$224 million,$222 million,or 99 percent,is directly generated, while $3 million or 1 percent is created through indirect and induced effects. (See Table 1, page 7.) As with the jobs supported, the largest share of Household Income is within Construction,comprising of over$128 million,or 57 percent of the impacts. Professional Services is the next most important sector with just under$75 million, or 33 The Washi : on Economics Grou• WEG P :e 8 119 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower to the Ct •el Miami of Miami Beach percent in total Household Income for Miami Beach residents, and Finance & Insurance generates almost$20 million,or 9 percent in Household Income.The remaining 1 percent is distributed in the Government & Other industries as detailed in Table 3 and in Figure 2 below. Table 3.Total Household Income Created by the Construction Phase of 1250 West in Miami Beach(S Thousands) IndusUN total Impact "4,of Total Construction 5128,338 57% Professional Services S74,753 33% Finance&Insurance S19,998 9% Government&Other $1,442 1% Total S224,531 100% Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). Figure 2. Total Household Income Created by the Construction Phase of 1250 West in Miami Beach 9% • 1% •Construction ■Professional Services 33% ■Finance&Insurance 57% ■Government&Other Source:The Washington Economics Group(WEG). C. The Total GDP(Value-Added)Impacts Arising from the Construction Phase of 1250 West Are Important to the City of Miami Beach Gross Domestic Product (Value-Added) impacts is the portion of business revenue that is available to pay compensation to workers,capital income and indirect business taxes. The Washi on Economics Grou. WEG P : 9 120 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower In the Cl of Miami of Miami Beach The GDP(Value-Added2)impacts of the Construction Phase totals over$293 million. Of this total, $289 million, or 98 percent, is directly generated, with over S4 million or 2 percent attributable to indirect and induced economic effects.(See Table 1,page 7.) The most important contribution to GDP is created in the Construction sector,with over$176 million, or 60 percent of the impacts.The next most important sectors are Professional Services with $93 million, or 32 percent,and Finance& Insurance with over$20 million,or 7 percent of the impacts,respectively.The remaining 1 percent is spread among the Government&Other industries as shown in Table 4 and Figure 3 below. Table 4.Total GDP(Value-Added)Impacts Generated by the Construction Phase of 1250 West In Miami Beach(S Thousands) Industry Total Imp.n I 0,,tit Tot.il Construction S176,691 60% Professional Services S93,100 32% Finance&Insurance S20,486 7% Government&Other S3,125 1% fatal S293,402 100'; Note:Total may not equal the sum of all due to rounding Source:The Washington Economics Group(WEG). Figure 3.Total GDP(Value-Added)Impacts Generated by the Construction Phase of 1250 West in Miami Beach 7% 1o/n ■Construction a Professional Services 32% a Finance&Insurance 60% It Government&Other Source:The Washington Economics Group(WEG). 2Value added also includes compensation to government workers The Washi on Economics Grou• WEG P :e 10 121 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower to the Cr of Miami of Miami Beach D. The Total Economic Impact of the Construction Phase of 1250 West is Expected to Generate Over 5572 Million to the City of Miami Beach A comprehensive measure of the Total Economic Impact of 1250 West is Gross Economic Output,representing the sum of gross revenues(receipts)of private firms plus the value of government services (valued at cost). Total Economic Impact represents the sum of commercial transactions taking place in the economy.The Total Economic Impact of 1250 West during the Construction Phase is$572 million,in 2024 dollars.Of this total,$564 million is generated by direct activities, while an additional $8 million is generated by indirect and induced activities(see Table 1,page 7).As presented in Table 5 below,the Total Economic Impact of 1250 West positively impacts a variety of Miami Beach's top industries. Table 5.Total Economic Impact Generated by the Construction Phase of 1250 West In Miami Beach(S Thousands) Industn Total impact %of Total Construction $352,545 62% Professional Services 5150,576 26% Finance&Insurance S63,184 11% Government&Other $5,747 1% Total S572,051 100% Note:Total may not equal the sum of all due to rounding Source:The Washington Economics Group(WEG). Figure 4.Total Economic Impact Generated by the Construction Phase of 1250 West in Miami Beach 11% 1% 26% 0 ■Construction •Professional Services •Finance&Insurance 62% •Government&Other Source:The Washington Economics Group,Inc.(WEG) The Wash& a Economics Group MEG) Page 111 122 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit'of Miami of Miami Beach E. Total Federal,State and Local Fiscal Revenues Generated by 1250 West During the Construction Phase The economic impacts of the Construction Phase result in Fiscal Revenues for Federal, State & Local governments. These arise via direct, indirect and induced economic effects due to increased economic activity (see Table 1, page). In total, over$48 million in tax revenue will be generated by 1250 West during the 40-month Construction Phase.Of this total, just under$41 million flows to the Federal government,and almost$8 million flows to the State as well as Local governments within Florida.This is detailed in Table 6 below. Table 6.Total Federal,State and Local Fiscal Revenues Generated by the Construction Phase of 1250 West In Miami Beach($Thousands) Impact on: Federal Taxes State& Total Local Taxes Labor $22,807 $15 $22,821 Capital $2,122 SO $2,122 Indirect Business Taxes $309 $7,212 $7,521 Households $13,303 $58 $13,361 Corporations $2,178 $446 $2,625 Total Tax Revenues $40,719 $7,731 S 48,.45 I Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG) Ongoing Operations Phase: Summary of the Economic Impacts Once the Construction Phase is completed and sales of residential units begin, 1250 West will be in a "steady-state" Ongoing Operations Phase, with significant annually recurring impacts.Once the Ongoing Operations Phase begins,the Total Annual Economic Impact is estimated at$303 million. In addition,the ongoing operations of 1250 West will result in over 1,320 jobs,$23 million in Household Income,$150 million in GDP and over$23 million in Federal,State and Local Fiscal Revenues each year as detailed in Table 7 on the following page. The Washi ton Economics Grou. WEG P •e 12 123 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Beach Table 7.Summary of the Total Annual Economic Impacts of the Ongoing Operations Phase of 1250 West in Miami Beach Impact on: Direct Indirect& Total Induced Im act Employment(Jobs) 1,288 32 1,320 Household Income(S MM) $21 $2 $23 GDP(Value Added$MM) $147 $3 $150 Total Economic Impact(S MM) S297 $6 $303 Federal,State&Local Fiscal Revenues(S MM) S22 41 $23 Note:Total may not equal the sum of all due to rounding. Source: The Washington Economics Group(WEG). F. Total Annual Jobs Supported by the Ongoing Operations Phase of 1250 West in the City of Miami Beach Due to significant expected sales of residential units, the most important industry in terms of employment during the Ongoing Operations Phase is Real Estate with 1,125 jobs supported,or 85 percent,as shown in Table 8 below. Real Estate is considered a"Knowledge- Based Service". Knowledge-Based Services include categories such as Real Estate, Professional and Business Services and Finance, and jobs within this industry sector pay higher than the statewide average and are thus critically important to the City of Miami Beach's economic development goals. Table 8.Total Annual Jobs Supported by the Ongoing Operations Phase of 1250 West in Miami Beach Industry Jobs Supported %of Total Real Estate 1,125 85% Visitor Industry 69 5% Other Knowledge-Based Services 53 4% Wholesale Trade&Transportation Services 35 3% Finance&Insurance 21 2% Government&Other 17 1% Total 1,320 100°4, Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). The Washin ton Economics Grou' G P .e113 124 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower In the(I of Miami of Mlaml Beach The next most important sector is Visitor Industry with 69 jobs,or 5 percent of the impacts and Other Knowledge-Based Services,with 53 jobs,or 4 percent.The remaining 6 percent of employment is spread among the Wholesale Trade & Transportation Services, Finance & Insurance and Government&Other industries as shown in Figure 5 below. Figure 5.Total Annual jobs Supported by the Ongoing Operations Phase of 1250 West in Miami Beach 4% 3°�" 2%1% ■Real Estate 5% •Visitor Industry •Other Knowledge-Based Services 4 I •Wholesale Trade&Transportation Services •Finance&Insurance •Government&Other Source:The Washington Economics Group(WEG). G. Total Annual Household Income Created in the City of Miami Beach by 1250 West During the Ongoing Operations Phase The Total Household Income created each year during the Ongoing Operations Phase is just under 523 million.Of the total Household Income of$23 million,$21 million or 93 percent,is directly generated,while$2 million,or 7 percent,is created through indirect and induced effects.(See Table 7,page 13.) As with the jobs supported,the largest share of Household Income is generated in the Real Estate sector,comprising of almost$13 million,or 56 percent of the impacts.Visitor Industry is the next most important sector with$4 million,or 18 percent,in total Household Income for Miami Beach residents, and Other Knowledge-Based Services generate just under 53 million,or 12 percent in Household Income.The remaining 15 percent is spread among the Finance&Insurance,Wholesale Trade&Transportation Services and Government&Other sectors as detailed in Table 9 and in Figure 6 on the next page. The Washin:ton Economics Grou. WEG P e 14 125 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the CI of Miami of Miami Beach Table 9.Total Annual Household Income Created by the Ongoing Operations Phase of 1250 West in Miami Beach(S Thousands) Industry Total Impact %of Total Real Estate $12,773 56% Visitor Industry S4.036 18% Other Knowledge-Based Services S2,635 12% Finance&Insurance 51,368 6% Wholesale Trade&Transportation Services S1,067 5% Government&Other S810 4% Total S12,t,B,1 inu Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). Figure 6.Total Annual Household Income Created by the Ongoing Operations Phase of 1250 West in Miami Beach S% 4% 6% •Real Estate 12% •Visitor Industry ■Other Knowledge-Based Services ■Finance&Insurance 18% Ir ■Wholesale Trade&Transportation Services •Government&Other Source:The Washington Economics Group(WEG). R. Total Annual GDP(Value-Added)Impacts Generated by the Ongoing Operations Phase of 1250 West in the City of Miami Beach The GDP (Value-Added) impacts of the Ongoing Operations Phase totals to almost S1 SO million each year.Of this total,$147 million,or 98 percent,is directly generated,with S3 million,or 2 percent attributable to indirect and induced economic effects (see Table 7, The Washi .ton EconomicsGrou WEG P 15 126 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower In the Cl of Miami of Miami Beach page 13).The most important contribution to GDP is in Real Estate,with$135 million,or 90 percent of the impacts.The next most important sectors are Visitor Industry with close to$7 million, or 5 percent. The remaining 5 percent is spread among various other sectors including Other Knowledge-Based Services, Wholesale Trade & Transportation Services, Finance&Insurance and Government&Other as shown in Table 10 and Figure 7 below. Table 10.Total Annual GDP(Value-Added)Impacts Generated by the Ongoing Operations Phase of 1250 West in Miami Beach(S Thousands) Industr\ Total Impact of rota! Real Estate S135,183 90% Visitor Industry $6,891 5% Other Knowledge-Based Services S3,447 2% Wholesale Trade&Transportation Services 51,462 1% Finance&Insurance $1,402 10/0 Government&Other $1,392 1% Total S149,776 100% Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). Figure 7.Total Annual GDP(Value-Added)Impacts Generated by the Ongoing Operations Phase of 1250 West In Miami Beach 2%1% 1% 1% 5% •Real Estate •Visitor Industry •Other Knowledge-Based Services •Wholesale Trade&Transportation Services 1 900i:, ■Finance&Insurance ■Government&Other Soul Le,The Washington Economics Giuup(WEG). The Washin:ton Economics Grim• WEG Pa:e 16 127 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach I. Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in the City of Miami Beach A comprehensive measure of the Total Economic Impact of 1250 West is Gross Economic Output, representing the sum of gross revenues (receipts) of private firms plus the value of government services(valued at cost).The Total Economic Impact of 1250 West each year during the Ongoing Operations Phase is just under$303 million of the total,directly generating$297 million,or 98 percent.Indirect and Induced effects generate$6 million,or 2 percent of the total (see Table 7, page 13). Table 11.Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in Miami Beach(S Thousands) Industry Total Impact %of Total Real Estate S277,100 92% Visitor Industry $9,845 3% Other Knowledge-Based Services $5,664 2% Finance&Insurance S4,324 1% Wholesale Trade&Transportation Services $3,315 1% Government&Other $2,363 1% Total 5302,61 1 I00",; Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). As shown in Table 11 above, a significant $277 million, or 92 percent of the impacts occur within Real Estate, followed by Visitor Industry with close to $10 million, or 3 percent.The remaining 5 percent is distributed within Other Knowledge-Based Services, Finance & Insurance, Wholesale Trade&Transportation Services and Government&Other sectors as presented in Figure 8 on the next page. The Washington Economics Group(WEG) Page 1117 128 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cl of Miami of Miami Beach Figure 8.Total Annual Economic Impact Generated by the Ongoing Operations Phase of 1250 West in Miami Beach 1% ■Real Estate 2% 1% 3% „i ■Visitor Industry ■Other Knowledge-Based Services ■Finance&Insurance •Wholesale Trade&Transportation = Services •Government&Other Source:The Washington Economics Group(WEG). J. Total Annual Federal,State and Local Fiscal Revenues Generated by the Ongoing Operations Phase of 1250 West In the City of Miami Beach The impacts on annual tax revenues due to residential unit sales and other economic activities within 1250 West are significant. In total,over$22 million in tax revenue will be generated each year by 1250 West during the Ongoing Operations Phase. Of this total,over$7 million flows to the Federal government,and 515 million flows to the State as well as Local governments within Florida.This is detailed in Table 12 below. Table 12.Total Annual Federal,State and Local Fiscal Revenues Generated by the Ongoing Operations Phase of 1250 West in Miami Beach(S Thousands) Impact on Federal Taxes State& I"ot.tl Local Taxes Labor $3,709 S2 $3,712 Capital -$149 SO -S149 Indirect Business Taxes S615 S14,346 S14,962 Households -$619 -S2 -$622 Corporations $3,914 $802 $4,716 Total Tax Revenues S".1 7 U $15,149 $22,619 Note:Total may not equal the sum of all due to rounding. Source:The Washington Economics Group(WEG). The Washin:ton Economics Grou. WEG le 129 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cl of Miami of Miami Beach III. Estimating the Ad Valorem Real Estate Taxes of the Proposed Residential Tower at 1250 West Ave in the City of Miami Beach A. Fiscal Revenue Assessment The Fiscal Revenue Assessment provides estimates for 10, 20 and 30-year projections of ad valorem tax receipts that the project may generate for the City of Miami Beach. The project is a 100-unit high-end waterfront condominium development located at 1250 West Avenue in Miami Beach,Florida. A linear methodology is applied to develop estimates of ad valorem tax receipts: 1) The current taxable value of the property is established, followed by an estimate of the new value following the acquisition of the property by the developer. 2) Based on the projected construction timeline and construction costs, an estimate of taxable value is developed for the first tax year following the project's receipt of a Certificate of Occupancy (C.O.). 3) Finally, estimates are developed for the taxable value of the condominium units as they are closed on by the buyers and as resales occur in the property over time. This project is expected to generate over$24 million in new revenue for the City of Miami Beach during the next 10 years and almost $218 million over the next 30 years 8. Assumptions For purposes of this analysis,the following metrics are utilized using inputs provided by the Developer: • Total Hard Costs $352,527,819 • Average Unit Size (sf) 3,731 Further, the Miami Beach condominium market was investigated to develop additional factors necessary for this analysis. Based on research and experience with other projects,we expect that a realistic price per square foot for these units is expected to be between $2,500 and$2,800,which may very well be higher at the time the developer begins sales,which will last from 2026 through 2029.For this assessment,the following market factors were utilized: The Washin ton Economics Grou. WEG P e 19 130 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Beach • Average Sale Price per SF $2,680 • Average Sale Price $9,700,600 • Annual Unit Turnover 7% • Homestead Exemptions 15% The additional factors utilized for this assessment include the following: • Average Annual Growth (general) 4.5% • Average Annual Growth (homesteads) 3.0% • Average Annual Growth (non-homestead) 4.5% • Assessed Value compared to Market Value 85.0% • Resales (of total units) 7.0% • Resale Price Premium 6.0% • City Millage Rate per$1,000 of value 5.8522 The property has a current taxable value of$ 39,486,824 in 238 units. 13.4 percent of the units have homestead exemptions, and the homestead units have a taxable value of $1,884,258 or 4.8 percent of the building's total taxable value. The property currently produces $231,085 in ad valorem tax revenue for the City of Miami Beach. C. Construction Value Following the acquisition, the Property Appraiser will reset the property's value based on the acquisition cost,estimated to be$130 million.Following completion of construction and receipt of a C.O., the property value will reset again on the following January 1n. For this assessment,the following timeline applies: Milestone Reset Date Fiscal Year Acquisition 1/1/2025 2025 Pre-Construction 1/1/2025 2025 Construction Start 1/1/2026 2026 Under Construction 1/1/2027 2027 Under Construction 1/1/2028 2028 Under Construction 1/1/2029 2029 Construction Finish/TCO 1/1/2030 2030 Unit Closings 1/1/2031 2031 Unit Ownership&Resales begin 1/1/2032 2032 Source:BusinessFlare Economic Development Solutions. Based on this timeline, Table 13 on the next page highlights the estimates of taxable value through the receipt of the C.O. The property's value will reset on January 1, 2025, following The Washin•ton Economics Grou• WEG Pa•e 20 131 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower In the Ci •of Miami of Miami Beach the acquisition in 2024,with an additional reset based on the construction value occurring on January 1,2030,following receipt of the C.O.in 2029. Table 13. Taxable Value Pro •ctions Construction Phase Milestone Fiscal Market Assessed Taxable Non-HEX HEX ' 1'a!u; 2024 S47,131,508 S41,021,213 S37,602,566 S1,884,258 S39,486,824 Acquisition 2025 S130,000,000 S110,500,000 S110,500,000 S110,500,000 Pre-Construction 2025 S135,850,000 $115,472,500 S115,472.500 S115,472,500 Construction Start 2026 S141,963,250 S120,668,763 S120,668,763 - S120,668,763 � Under Construction 2027 S148,351,596 5126,098,857 $126,098,857 - f126,098,857 Under Construction 2028 S155,027,418 S131,773,305 S131,773,305 - S131,773,305 Under Construction 2029 S162,003,652 $137,703,104 S137,703,104 S137,703,104 Construction Finish/TCO 2030 S352,527,819 S299,648,646 S299,648,646 - S299,648,646 Source:BusinessFlare Economic Development Solutions. Following receipt of the C.O.,we estimate that the property's new taxable value will be$299.6 million, compared to the current taxable value of$39.5 million. The project's construction alone represents a significant increase in the property's taxable value and ad valorem tax receipts to Miami Beach. D. Sales Value Following receipt of the C.O., the developer will begin closings with the buyers of the condominium units.When a condominium unit is sold,the Property Appraiser will reset the property's value the following January 1st. Additionally,any buyers who plan to live in the unit permanently will apply for the Homestead Exemption by March of that year. For this assessment, it is assumed that 15 percent of the units will have homestead exemptions. Following a review of other buildings, such as this one which has a 13 percent exemption ratio, Murano and Murano Grande, which have exemptions on 20 percent of the units, and the nearby Waverly,with 31 percent,it is estimated that exemptions in this building are likely to be in the 15 percent range,based on the product,the unit mix,and the high price,which will lend itself to ownership as second and third homes and fewer homestead exemptions, similar to what is observed in other high-end buildings. Regardless of the number of exemptions the property ultimately has,the initial pricing of the units and the resale of units over time will drive significant new ad valorem tax receipts based on the new taxable values. The Washin• on Economics Grou' WEG Pa e 21 132 of 430 The Comprehensive Economic and Tax Revenue impacts for the Development of the Proposed Residential Tower in the CH of Miami of Miami Beach Table 14 below illustrates the new estimated taxable value after closings (2031),as well as the first year (2032) that resales and homestead exemptions will begin applying to the property: Table 14.Taxable Value Pro ections With Unit Closin•.. Milestone Fiscal Market Value Assessed son-HEX HEY' 1 i�,ihl Year Value 1'.ilur 2024 S47,131,508 S41,021,213 S37,602,566 S1,884,258 S39,486,824 Acquisition 2025 $130,000,000 $110,500,000 $110,500,000 $110,500,000 Pre-Construction 2025 S135,850,000 S115,472,500 S115,472,500 - S115,472,500 Construction Start 2026 $141,963,250 $120,668,763 $120,668,763 - $120,668,763 Construction 2027 $148,351,596 $126,098,857 S126,098,857 - S126,098,857 Construction 2028 S155,027,418 S131,773,305 $131,773,305 - $131,773,305 Construction 2029 $162,003,652 S137,703,104 S137,703,104 - $137,703,104 Construction Finish/TCO 2030 $352,527,819 $299,648,646 S299,648,646 - $299,648,646 Unit Closings 2031 S970,060,000 S824,551,000 $824,551,000 - $824,551,000 Ownership&Resales begin 2032 $1,013,712,700 S861,655,795 $732,407,426 $127,393,130 $859,800,555 •Homestead exemption will no longer exist on the property following its acquisition and redevelopment,and will begin again to be applied for following the closings of the new units in 2032. Source:8usinessFlare Economic Development Solutions. E. Ad Valorem Tax Revenue During the first 10 years,the project located at 1250 West Avenue may generate up to$24 million in net new ad valorem taxes to the City of Miami Beach.As units are resold in the marketplace,the project should generate over$102 million for the City in the first 20 years and almost$218 million over 30 years. Additionally, over the next 30 years, the project can generate over$175 million for Miami- Dade County,$250 million for Miami-Dade Schools,and almost$20 million for the Children's Trust. Table 15 on the following page illustrates the potential ad valorem tax receipts to the City of Miami Beach, Miami-Dade County,the School District and the Children's Trust. The Washi .n economics Grua. W:6 P e 22 133 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the City of Miami of Miami Beach Table 15.Projections of Taxable Value and Ad Valorem Tax Revenue Fiscal Year Taxable Value City Ad Valorem Net New City County Tax Schools Tax Children's'l'ac Ad Valorem 2024 $39,486,824 $231,085 $180,613 $255,401 S19,743 2025 $110,500,000 $646,668 $415,583 5505,427 $714,714 $55,250 2025 S115,472,500 $675,768 $444,683 $528,171 $746,876 S57,736 6 $ze 668,ua S784178 $475,093 $S$J. 9 s780,486 $60.334 2027 S126,098,857 S737,956 $506,871 $576,776 $815,607 S63,049 2028 $131,773,305 $771,164 $540,079 $602,731 $852310 $65,887 2029 S137,703,104 S805,866 $574,781 $629,854 $890,664 $68,852 2030 $299,648,646 S1,753,604 $1,522,519 $1,370593 S1,938,127 $149,824 2031 S824,551.000 S4,825,437 $4,594,353 $3,771,496 $5,333,196 S412,276 2032 $859,800,555 $5,031,725 $4,800,640 S3,932,728 $5,561,190 $429,900 2033 S899,656,794 S5,264,971 $5,033,887 $4,115,030 S5,818,960 $449,828 2034 $941,400,582 $5,509Z64 55,278,180 S4,305,966 $6,088,979 5470,700 2035 S985,122,585 S5,765,134 $5,534,050 $4,505,951 S6,371,773 S492,561 2036 $1,030,917,862 S6,033,138 $5,802,053 S4715,418 S6,667,977 $515,459 2037 S1,078,886,085 S6.313,857 $6,082,772 $4,934,825 $6,978,235 $539,443 2038 Si,129,131,756 $6,607,905 S6,376,820 S5,164,649 $7,303,224 $564,566 2039 $1.181,764,449 S6,915,922 $6,684.837 S5,405,391 S7,643,652 $590,882 2040 $1,236,899,052 $7,238,581 $7,007,496 $5,657,576 $8,000,263 $618,450 2041 51,294,656,031 57,576,586 S7,345,501 55,921,757 $8,373,835 $647,328 2042 $1,355,161,701 S7,930,677 S7,699,593 S6,198,510 $8,765,186 $677,581 2043 $1,418,548,507 $8,301,630 $8,070,545 $6,488,441 $9,175,172 $709,274 2044 51,484,955,329 $8,690,256 $8,459,171 $6,792,186 S9,604.691 $742,478 2045 51,554,527,794 $9,097,408 $8.866.323 S7,110.410 S10,054,686 $777,264 2046 $1,627,418,604 $9,523,979 S9,292,1394 $7,443,813 $10,526,144 $813,709 2047 S1,703,787,884 S9,970,907 59,739,823 $7,793,126 $11,020,100 $851,894 2048 $1,783,803,540 S10.439,175 S10.208,090 38,159.117 $11,537,641 3891,902 2049 S1,867,641,646 S10,929,812 S10,698,728 $8,542,593 $12,079,906 S933,821 2050 $1,955,486,835 511,443,900 S11,212,815 $8,944,397 $12,648,089 $977,743 2051 52.047,532,724 $1I,982,571 $11,751,486 S9,365,415 S13,243,442 S1.023,766 2052 52,143,982,350 $12,547,014 $12,315,929 $9,806,575 $13,867,278 $1,071,991 2053 S2,245,048,627 S13,138,474 S12,907.389 S10,268.852 S14,520,975 S1,122.524 2054 $2,350,954,835 $13,758,258 $13,527,173 S10,753,267 S15,205,976 51,175,477 2055 S2,461,935,124 S14,407,737 514,176,652 511,260,491 S15,923,796 $1,230,968 10 Year $26,728,602 $24,186,669 520,890,712 $29,541,129 $2,283,637 20-Year 5107,430,779 $102,115,829 S03,966,437 $118,735,224 59,178,666 30-Year $225,572,606 5217,946,808 5176,304,484 $249,308.570 S19,272,462 Source:BusinessFlare Economic Development Solutions. The Washin:ton EconomicsGrou. WEG Pa 23 134 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Beach Table 16 below present an assessment of the potential ad valorem tax revenue to the City of Miami Beach was also prepared utilizing discount rates of 3.5 percent and 5.0 percent respectively. Table 16.Net Present Value of New City Ad Valorem Tax Revenue 10-Year Gross $24,186,669 3.5% NPV $21,663,473 5.09'o NPV $19,022,796 20-Year Gross $102,115,829 3.5% NPV $60,979,876 5.0% NPV $49,567,277 30-Year Gross $217,946,808 3.5% NPV $105,577,178 5.0% NPV $79,571,870 Source:BusinessFlare Economic Development Solutions. F. Conclusion The 1250 West Avenue project represents a significant investment in new waterfront residential development in the City of Miami Beach, which will result in new tax revenue to the City of Miami Beach and other taxing jurisdictions such as Miami-Dade County Public Schools and the Children's Trust. This project is expected to generate over $200 million in new tax revenue for the City of Miami Beach during the next 30 years and will continue to produce revenue for the City beyond the initial timeframe of this assessment. The Washi' • on Economics Grou• EG Pa•e T 24 135 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Beach Appendix 1: 1MPLAN Methodology The Washi ton Economics Grou. WEG P 25 136 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the City of Miami of Miami Beach IMPLAN Model The multiplier impacts calculated by the IMPLAN model are based on input-output methodology, which explicitly considers the inter-industry linkages that exist within an economy. Each industry needs labor and inputs from other industries in order to produce economic output. Whenever an industry experiences an increase in the demand for its output, many other industries within that economy indirectly experience an increase in demand as well because of these inter-industry linkages. This increase in demand that results from the need for material inputs is called the indirect effects. In addition,an increase in production within a region also leads to an increase in household income through the hiring of workers, which in turn generates further demands for goods and services within the region. Firms also need to expand their base of physical capital to meet higher levels of demand,and this too stimulates regional economic growth. The latter effects are referred to as induced effects. The inter-industry linkages and the induced effects on consumer and capital spending lead to successive rounds of production, and this process results in an increase in output that exceeds the initial change in demand,or a multiplier effect. Similarly, the increase in household income will exceed the initial payroll increase encountered in the industry that experienced the original increase in demand. The total change in employment in the regional economy is a multiple of the direct change in employment. The following represents the system of equations that comprise the regional economy in an extended input-output model like iMPLAN: Xl = allxl + ai2x2 + a13x3 + • • •+ alkxk + alhxh + al/xi +Ji x2 — a2 ixi + a22x2 + a23x3 + • ••+ 42kxk + a2hxh + a21X1 + f2 X3 = a3lxl + a32X2 + a33x3 + ••• + a3kxk + a3hXh + a3ixi + f3 • xk = aklxl + ak2x2 ± ak3X3 + • •• ♦ akkxk + akhXk + akixi +Jk Xh = ahlxl + ah2X2 + ah3Xh + , • •�-ahkxk + ahhxh + ahixi + fh xi = ailx1 + ai2x2 + Qi3Xh + • •• + aikxk + aihxh + aiixi + J i The variables xi to xk represent total production of output in each industry. The coefficients ati represent the purchases from industry"i"that are needed to produce a dollar of output in industry "j". These are known as the direct requirement coefficients. The variable xi, refers W ii wu . EG Pae 26 137 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cl of Miami of Miami Beach to household income and the coefficients aih refer to the average amount of household income spent on purchases from industry "i", or the average propensities to consume. The coefficients ahi are similar to the inter-industry purchases (aiI's), but they represent the household income that is generated from each dollar of output produced in industry "i". Similarly the variable xi represents regional spending on capital goods, and the coefficients aii represents the spending on capital goods for each dollar of output produced in industry "j". The coefficients all represent the amount purchased from industry "j" for each dollar spent on capital goods within the region. The variables fj represent the exogenous final demand faced by each industry, respectively. This system of equation reduces,using matrix notation,to the following solution for industry output and household income: X = (I — A) , F X is the vector of industry outputs plus household income, and F is a vector of exogenous final demands. The "output multipliers" (i.e., the change in industry output and household income that results from a change in final demand for the output of a particular industry)are given in the columns of the(I-A)-1 matrix. The IMPLAN software calculates these multipliers for counties, states and other sub-state regions. These multipliers can be used to provide a sense of the economic importance of an industry or an economic activity in a given region. The multipliers impacts for gross state product, labor and capital income and the government revenue impacts are derived from the basic output multipliers given by(I-A)-1. The IMPLAN model uses historical relationships between public-sector revenues and regional economic output in order to estimate the public-sector revenue impact resulting from the establishment of a new,or expansion of an existing economic activity. The Washi on Economics Grou' WEG P . e 27 138 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach Appendix II: Economic Glossary The Wash! • on Economics Grou• WEG Pa•c 28 139 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach Definitions of Economic Terms Used in the Analysis Employment(Jobs) Total of full-time or part-time jobs. Household(Labor)Income All forms of employment income, including Employee Compensation(wages and benefits)and Proprietor Income. The increased value of a product as a result of the economic inputs Gross Domestic Product (labor and capital)expended at a given stage.In the IMPLAN Model, (GDP)/Value Added GDP is the sum of: Employee Compensation, Proprietor Income, Other Property Type Income(Interest)and Indirect Business Taxes. Economic Impact(Output) Total value of all transactions attributed to an activity. The set of expenditures applied to the predictive model (i.e., I/O multipliers) for impact analysis. It is a series (or single) of production changes or expenditures made by producers/consumers as a result of an activity or policy. These Direct Effects initial changes are determined by an analyst to be a result of this activity or policy.Applying these initial changes to the multipliers in an 1MPLAN model will then display how the region will respond, economically to these initial changes. The impact of local industries buying goods and services from other local industries. The cycle of spending works its way backward through the supply chain until all money leaks from the local Indirect Effects economy, either through imports or by payments to value added. The impacts are calculated by applying Direct Effects to the Type I Multipliers. The response by an economy to an initial change(direct effect)that occurs through re-spending of income received by a component of value added. IMPLAN's default multiplier recognizes that labor Induced Effects income (employee compensation and proprietor income components of value added) is not a leakage to the regional economy. This money is re-circulated through the household spending patterns causing further local economic activity. The Washi on Economics Grou• G P e Z9 140 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach Appendix III: The Washington Economics Group, Inc. Project Team and Qualifications The Washin ton Economics Grou G 90 141 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach J.Antonio Villamil Founder and Senior Advisor Tony Villamil is a nationally recognized economist, with over thirty-five years of a successful career as a business economist, university educator, corporate Board Director and high-level policymaker for both federal and state governments.Tony was selected in 2008 as the founding Dean of the School of Business of St. Thomas University, serving successfully until the end of 2013 at which time he resigned to return as senior advisor to the growing economic consulting practice that he founded,The Washington Economics Group, Inc. (WEG), a Florida-based firm established in 1993 upon returning to the State from his public service in Washington,D.C. Tony is the immediate past Chairman of the Governor's Council of Economic Advisors of Florida, and during 1999-2000,he was selected by Governor Jeb Bush as his first Director for Tourism, Trade and Economic Development.Previously,he was appointed by President George H.W.Bush as U.S. Undersecretary of Commerce for Economic Affairs, receiving unanimous U.S. Senate confirmation.Presently he is active on Corporate Board of Directors,including Pan American Life Insurance Group (PALIG) and Spanish Broadcasting System (SBS).At PALIG he serves as Chair of the Governance and Nominating Committee of the Board.Tony is currently Chair of the Board Compensation Committee at SBS. He also served in multiple bank boards for over 20 years. Among civic and professional leadership positions, he is currently a member of the Board of Directors of the Miami-Dade Beacon Council,the official economic development organization of the County. He is also on the Board of Directors of the Greater Miami Chamber of Commerce. He serves as Senior Fellow of the James Madison Institute(JMI) of Tallahassee, Florida. He earned Bachelor and Master Degrees in Economics from Louisiana State University (LSU), where he also completed coursework for the Ph.D. Degree. In 1991, Florida International University (FIU) awarded Tony a Doctoral Degree in Economics (hc), for "distinguished contributions to the Nation in the field of economics." He frequently speaks to business, government and university audiences on the Florida economy, U.S. trade policy and economic development issues.. The Washin: on Economics Grou WEG P e 31 142 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach • KEVIN S.CROWDER,CEcD,EDP Founder, BusinessFlare®and Co-Founder of Street Economics' Kevin S.Crowder is the founder of BusinessFlare®and co-founder of Street Economics'",and is an IEDC Certified Economic Developer and an IEDC Certified Entrepreneurship Development Professional. Mr. Crowder has almost 30 years'experience planning and implementing economic development,including 15 years as the Director of Economic Development and Government Affairs for the City of Miami Beach and the Miami Beach Redevelopment Agency working out of the City Manager's office.Kevin is a veteran of the U.S.Army,where he served in intelligence. One of his career highlights is his time working for the City of Miami Beach and the Miami Beach Redevelopment Agency as the Director of Economic Development and Government Affairs, leading the City's economic development program and multi-jurisdictional lobbying efforts. He began his economic development career in 1994 with the South Beach Business Improvement Districts and the South Beach Marketing Council. Since leaving the City of Miami Beach and establishing the BusinessFlare® brand in January 2013, Mr. Crowder has used the BusinessFlare® approach to help more than 60 communities improve their economic condition ranging in size from 1,500 to over 600,000,and last year he performed economic and fiscal analysis on projects representing more than$5 billion in private sector investment.He has further co-founded Street Economics"", an interactive economic platform for municipalities that provides actionable insights on the implementation of economic development. He is also the President of the BusinessFlare®Academy,a 501c3 not-for-profit dedicated to economic development education for local elected officials, and the co-founder of Goodnight's Red River Spice Company,a venture that celebrates American culture through food and flavor with a focus on healthy lifestyles.He has is currently integrating artificial intelligence into both his economic development and healthy lifestyle ventures. The Washin:ton Economics Grou• WEG Pa 32 143 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach - x , ' • ' r ,rNf- Ivan Noltenius Economic Analyst Ivan Noltenius is an Economic Analyst at The Washington Economics Group (WEG). Ivan conducts data acquisition and economic analysis for the multifaceted projects of the firm. Ivan has over five years of experience in financial data analysis as well as accounting. Prior to working at WEG, Ivan was a hedge fund accountant at Kaufman Rossin (now ALPS), and also worked in operations and managed company financial records at tech startup company 71 Pounds. Ivan received his Bachelors of Arts degree in Economics with a minor in Mathematics from the University of Memphis. Ivan is a resident of Kendall,Florida. The Washin:ton Economics Grou WEG 33 144 of 430 The Comprehensive Economic and Tax Revenue Impacts(or the Development of the Proposed Residential Tower in the Cit of Miami of Miami Beach Q 116. 8. 41111 Haydee M. Carrion Senior and Project Research Assistant Haydee M.Carrion has been Executive Assistant to Dr.Villamil since the firm's founding in 1993. She has senior level expertise in multi-media presentations and in the preparation and design of complex reports and documents for clients,utilizing the latest technologies. In 2012, WEG promoted her to Senior and Project Research Assistant to the firm, given outstanding performance in web-based research and in assistance to the firm's Principal in the preparation of audio-visual presentations for clients and in desktop publishing. Ms. Carrion is fluent in Spanish, with experience in the preparation of economics and business documents in the language. Ms. Carrion has been with WEG for 30 years. Ms. Carrion holds degrees in Business Administration and Office System Technologies from Miami-Dade College. • The Washi •ton Economics Grou• WEG 34 145 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Ci of Miami of Miami Reach The Washington Economics GroupR has been successfully meeting client objectives since 1993 through economic consulting services for corporations, institutions and governments of the Americas. We have the expertise, high-level contacts, and business alliances to strengthen your competitive positioning in the growing marketplaces of Florida, Latin America and the Caribbean. Our roster of satisfied clients, over the past 28 years, includes corporations, financial institutions, public entities, and non-profit associations expanding their operations in the Americas. Exclusive Consulting Approach: Each client is unique to us. We spend considerable time and effort in understanding the operations, goals,and objectives of clients as they seek our consulting and strategic advice. We are not a mass-production consulting entity nor do we accept every project that comes to us. We engage a limited number of clients each year that require customized consulting services in our premier areas of specialization. These premier and exclusive services are headed by Founder and Senior Advisor J.Antonio(Tony)Villamil.Tony is a former U.S.Under Secretary of Commerce with over thirty-five years of experience as a business executive and as a senior public official of the U.S.and most recently of Florida. Premier Consulting Services: Economic Impact Studies highlight the importance of a client's activities in the generation of income,output and employment in the market area serviced by the entity.These studies are also utilized to analyze the impact of public policies on key factors that may affect a client's activities such as tax changes, zoning, environmental permits and others. Strategic Business Development Servicea are customized to meet client objectives. Recent consulting assignments include customized marketing strategies, country risk assessments for investment decisions and corporate spokesperson activities and speeches on behalf of the client at public or private meetings. Economic Development Strategies.The firm supports cities,counties and states in developing targetrd economic development plans and strategies to attract,retain and expand high-wage industries. Each plan is based on the factor endowments of the area, and in close coordination with public officials in charge of economic development. For a full description of WEG capabilities and services, please visit our website at: WW .weg.com The Washin ton Economics Grow EG P •e 35 146 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Reach The Washington Economics Group(WEG) Re.resentative Client List 1993-2024 Multinational Corporations ALSTOM Lucent Technologies Ameritech International MasterCard International 3urcau Veritas(BIVAC) MediaDM/AT&T Carrier Medtronic Carnival Corp. Merck Latin America Esso Inter-America Microsoft Latin America FedEx Latin America Motorola GentMg Group PncewaterhouseCoopers(PWC) Hyatt Phelps Dodge iBM SBC Communications Ioseph E Seagram&Sons.Inc.(Vnendi) Telefonica Data Systems KPMG Visa International Lockheed Martin Construction and Real Estate Deselopm.ait Firms Areas USA,Inc. Inland Port Systems,LLC 3arron Collier Companies Landstar Development Berkowitz Development Group LXR Luxury Resorts Boca Developers Miami Asset Management Company.Inc CDS International Miapolis,LLC Century Homebuilders Odebrecht Construction,Inc. Codina Realty Palazzo Las Olas Group.LLC 600 Hallandale Partners,LLC Tate Capital Chateau Group The Allen Moms Company Empire World Towers,LLC The Related Group.Inc. ESI Capita:Partners The Rouse Company Ferro Investment Group,LLC The St Joe Company Flagler Development Trammel Crow Company Florida East Coast Realty Inc WCI Development Companies Florida Realtors Engineering.Planning and DA•sicn l ii ni. AECOM(DMIM Harris) Klmley-Horn and Associates Atkins(PBSI) Parsons Brincherhoff CDM Smith(Wilbur Smith Associates) Redevelopment Management Associates(RMA) Golder Associates Business Flare HNTB Colleges and Universities Alabama State University Palm Beach Medical Education Corporation Barry University Rocky Mountain College of Art and Design Eckerd College San Ignacio College Embry-Riddle Aeronautical University Sistema Universltano Ana G Mendez Florida Agricultural&Mechanical University St Thomas University Florida International University University ofCeitnl Florida Full Sail University Unlsersidad Politiknica de Puerto Rico Keiser University University of Florida :-os Angeles Film School University of Miami Miami•Dade College UM's Rosenstiel School of Marine and Atmospheric Science New Hampton School University of South Florida/ENLACE Northeastern Universi NEU Universi of South Florida Law irni. 3ecker&Pollakoff Gloria Roa Bodin,Esq. Bilzln Sumberg Greenberg Trau ig,LLP Carlton Fields Holland&Knight.LLP Colson Hicks Eidson Stee:Hector&Davis DLA Piper Tew Cardenas,LLP Dunbar&Dunbar Financial Institutions ABN-AMRO Bank Fiduciary Trust International Advantage Capital First Union National Bank(Wells Fargo) AMERANT(former Mercantil Bank N.A. Hemisphere National Bank Allen&Company HSBC/Manne Midland BNP Paribas International Bank of Miami(First United Bank) 3AC.Florida Lazard Freres&Co. Sank Atlantic Corp. Pan American Life Insurance Group(PALIG) 3ankUnited,FSB PointeBank.N.A. 3arclays Bank Seitlin Insurance Century Bank Sun Trust Corporation ES)Capital Partners The Equitable/AKA Advisors Espirito Santo Bank TD Bank.NA FBA Union Planters Bank of Florida(Regions) FIBA The Washi i •ton Economics Grou i 'G P e 36 147 of 430 The Comprehensive Economic and Tax Revenue Impacts for the Development of the Proposed Residential Tower in the Cit of Miami of Miami Reach Florida-Based Companies AmencanAirlines Arena Iberia Tiles Atlantic Sapphire International Soeedway Corporation(ISC) BMI Companies Jungle Island Brightline(former All Aboard Florida) Lake Nona Commumkatz Mercy Hospital CoreMessages Miami Dolphins Daytona International Speedway Nopetro LLC Dosal Tobacco Palm Beach Premier Drivers Club Miami Resorts World Miami(RWM) eMerge Americas Ron Sachs Communications Farm Stores Rolling Loud Fishkind&Associates Synapse Florida Florida Hospital Sprint of Florida Florida Marlins The Biltmore Hotel Florida Power&Light The Heat Group Flu-Sun Sugar Corp. Ultimate Software Greater Miami Convention&Visitors Bureau Ultra-Music Festival Greater Ft.Lauderdale Alliance VICTUS Homestead-Miami S••edwa Non-Florida-Based Institutions Darlington Raceway Richmond International Raceway Georgia Retail Federation RoadAmerica Illinois Retail Merchant Association Talladega Superspeedway Indiana Retail Council The Seed Foundation Kansas Speedway United States Tennis Association(USTA) Martinsville Speedway Virginia International Raceway New Jersey Motorsports Park(NJMP) Washington Retail Association Pro.ess Ener:c Watkins Glen International Public Institutions and Non-Profit Organizations Baptist Health South Florida Independent Colleges and Universities of Florida(iCUF) BayCare Health System Indian River Ccunty Chamber of Commerce Broward County Public Schools Inter-Amencan Development Bank Career Source North Central Florida Jackson Health Systems Chapman Partnership Jacksonville Chamber of Commerce Citizens of Clean Energy Jewish Commuiity Services City of Boca Raton Lakeland Regional City of Coral Gables Louisiana Committee for Economic Development City of Doral Miami Marine Stadium City of Plantation Miami Museum of Science City of West Palm Beach Miami-Dade County Public Schools Conservatives of Clean Energy Miami-Dade Expressway Authority Economic Development Commission of Collier County Miami Downtown Development Authority Economic Development Commission of Lee County Nicklaus Children's Health System Economic Development Commission of Mid-Florida Palm Beach International Agricultural Summit Enterprise Florida,Inc. Port of Miami Farm Share,Inc. SEIU Florida Florida Bankers Association South Florida Progress Foundation Florida Citrus Mutual Space Florida Florida Chamber of Commerce St Mary's Medical Center Florida international Bankers Association State of Florida Florida Institute for Commercialization of Florida Technology SW Florida Regional Chamber of Commerce Florida League of Cities Sylvester Comprehensive Cancer Center Florida Nursing Homes Alliance Tampa-Hillsborough Expressway Authority Florida Outdoor Advertising Association Tampa General Florida Ports Council The Beacon Council Florida Retail Association The Florida Bar Florida Sports Foundation The Florida Chamber Foundation Florida Venture Forum The Florida Coalition for Capital Friends of Miami Marine Stadium United Nations Economic Development Program Tampa Bay Chamber(former Greater Tampa Chamber of United Teachers of Dade Commerce) Visit Florida Greater Tallahassee Chamber of Commerce Zoolo:.cal Socie of Florida Latin Amrnca-Rased Institutions Allied-Domecq,Mexico Fonalledas Enterprises,Puerto Rico Association of Peruvian Banks Mercantil Servicios Financier os.Venezuela Estudios Temicos Peruvian Management Institute(IPAE) Federation of Inter-Amencan Financial Institutions(FIBAFlN) The Brunetta Group of Argentina The Washin•ton Economics Grou i WEG P e 37 148 of 430 CITY OF MIAMI BEACH NOTICE OF PUBLIC HEARING ALTON BEACH BAYFRONT OVERLAY DISTRICT - LDR AMENDMENTS ORDINANCE AMENDING THE RESILIENCY CODE OF THE CITY OF MIAMI BEACH TO PROVIDE DEVELOPMENT REGULATIONS THAT INCENTIVIZE NON-TRANSIENT RESIDENTIAL USES FOR LOT 3, BLOCK 80 OF BAY GARDEN MANOR CONDO, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 6, PAGE 12 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA. JUNE 25, 2025 CITY COMMISSION MEETING SECOND READING DATE REVISED FROM MAY 21, 2025 TO JUNE 25, 2025 PLEASE BE ADVISED: This advertisement has been updated to reflect a change in the date of the Second Reading/Public Hearing for the proposed Ordinance The original hearing date of May 21, 2025, at 9:16 a m. has been rescheduled to June 25, 2025, at 9'16 a.m. All other information remains unchanged. NOTICE IS HEREBY GIVEN that on June 25, 2025, at 9:16 a.m., or as soon thereafter as the matter can be heard, the Mayor and City Commissioners of the City of Miami Beach will hold a Second Reading/Public Hearing on the following proposed Ordinance ALTON BEACH BAYFRONT OVERLAY DISTRICT — LDR AMENDMENTS AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE RESILIENCY CODE OF THE CITY OF MIAMI BEACH, BY AMENDING CHAPTER 7, "ZONING DISTRICTS AND REGULATIONS," ARTICLE II, "DISTRICT REGULATIONS," SECTION 7.2.6, "RM-3 RESIDENTIAL MULTIFAMILY, HIGH INTENSITY," SUBSECTION 7.2.6.3, "DEVELOPMENT REGULATIONS (RM-3)," TO REFERENCE MODIFIED DEVELOPMENT REGULATIONS FOR THE ALTON BEACH BAYFRONT OVERLAY, FURTHER AMENDING ARTICLE III, "OVERLAY DISTRICTS," BY CREATING SECTION 7.3 12, ENTITLED "ALTON BEACH BAYFRONT OVERLAY DISTRICT," TO CREATE DEVELOPMENT REGULATIONS THAT INCENTIVIZE NON-TRANSIENT RESIDENTIAL DEVELOPMENT ON LOT 3, BLOCK 80 OF BAY GARDEN MANOR CONDO, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 6, PAGE 12 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY, FLORIDA; AND PROVIDING FOR CODIFICATION, REPEALER, SEVERABILITY, AND AN EFFECTIVE DATE, AND AN EFFECTIVE DATE. This Ordinance is being heard pursuant to Chapter 2, Article IV of the Resiliency Code. Inquines may be directed to the Planning Department at 305.673. 7550. 149 of 430 During the June 25, 2025 Hybrid Commission Meeting, the City Commission will be physically present in the Commission Chamber at 1700 Convention Center Drive, 3`d Floor, Miami Beach, Florida 33139. Applicants and members of the public who wish to attend this Curnnrission Meeting or provide public comments in person may appear at the Commission Chamber. Applicants and members of the public who want to participate or provide comments virtually during the Commission Meeting may join the webinar at https://miamibeachfl- gov.zoom,us418 1 39285767 1 or via telephone at 1 305 224.1968 (U.S.) or 888,475.4499 (Toll- Free). Webinar ID: 81392857671# Members of the public wanting to speak virtually on an Item during the meeting must click the "raise hand" icon if using the Zoom app or press '9 on the telephone to raise their hand INTERESTED PARTIES are invited to participate in this meeting or be represented by an agent. The public may submit written comments on Commission Meeting Items by either submitting an eComment through the agenda page at https://www,miamibeachfl.gov/ciiy-hall/city- clerk/agenda and clicking the comment bubble icon in the "Current and Upcoming Meetings" section or by emailing CityClerkc miamibeachfl.gov with the Agenda Item Number in the subject line. Comments received in either format will be accepted until 5,00 p.m. the day before the meeting. All submissions will be forwarded to the Mayor and Commissioners and included in the meeting record Copies of Agenda Items are available for public inspection at http •//www rniarnihaachfl nny/city-hall/city-Cierkiananrla This meeting Or anv Itam tharein may be continued, and under such circumstances, additional legal notice need not be provided Pursuant to Section 286.0105, Fla. Stat., the City hereby advises the public that if a person decides to appeal any decision made by the City Commission concerning any matter considered at its meeting or its hearing, such person must ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based This notice does not constitute consent from the City for the introduction or admission of otherwise inadmissible or irrelevant evidence, nor does it authorize challenges or appeals not otherwise allowed by law. To request this material in an alternate format, sign language interpreter (five-day notice required). information on access for persons with disabilities and/or any accommodation to review any document or participate in any City-sponsored proceedings. call 305 604.2ADA(2232) and select 1 for English or 2 for Spanish; TT)/ users may call via 711 (Florida Relay Service). The City Commission Meeting will be broadcast live on Miami Beach TV(MBTV). viewable on the City's website at https//www miamibeachfl qov/governmentimbtvl, Breezeline Cable channel 660 or 2004 (HD), AT&T U-verse channel 99, Hotwire Communications channel 395. and ROKU device on PEG.TV channel, and on social media at https://www.facebook.com/cityofmiamibeach. To review the Business Impact Estimates for the above proposed Ordinance. please visit https'/Mrww.miamibeachfl.qov/city-hall/city-cler k/meetinq-notices✓. To access additional advertisements and notices, visit Miami-Dade County's designated website at http/ilegalads.miamidade.govi and filter by municipality. Parking Meeting attendees can park at the City Hall Garage, 1755 Meridian Avenue Miami Beach. Florida 33139 Rafael E. Granado, City Clerk A ' RIBEACH City of Miami Beach CityClerk@miamibeachfl.gov 305.673.7411 AD: 06252025-02 HERALD 150 of 430 5/8/25, 1 44 PM Legal Ads 8 Public Notices 11 0oyMeetinga Calendar Translate (Lglobal/311/horne.aage) (/global/webcasting/home,page) (/g1QaILcat6[1slarlglobaLaage) Menu (tatin Lwww.mlamldde.agQyLalobalJhom age ) ([gl taome.Rage)>Nows 6 Soda)Media(/globaunsnaalon/newa-index )>Public Notices Legal Ads and Public Notices Share: lsAwing-Notice Of Public woe And Intent To Corn{der A Deyelonmen A9!I5m5rtt-May1,2025 And June 25, 2025_�l y t(/rssourcea/legal-ado/rtunkioall ies/mlaml-beach/05212025-00 06252025-03 DEVELOPMENT AGREEMENT WEBSITE REG MLNK_MAILERosih Miami Beech I Publish Date:May 1,2025 NOTICE IS HEREBY GIVEN that on May 21,2025 at 9:17 a.m.or as soon thereafter as the matter can be heard, the Mayor and City Commission of the City of Miami Beach will hold a First Reading/Public Hearing on the following proposed Development Agreement-(9:17 a.m.First Reading Public Hearing)-A RESOLUTION OF THE MAYOR AND CI TY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,APPROVING,FOLLOWING FIRST READING/PUBLIC HEARING.A DEVELOPMENT AGREEMENT,AS AUTHORIZED UNDER SECTION 2.11.1 OF THE MIAMI BEACH RESILIENCY CODE,AND SECTIONS 163.3220 - 163.3243,FLORIDA STATUTES, BETWEEN THE CITY AND WEST HOSPITALITY OWNER LLC AND 1250 WEST AVE OWNER LLC(COLLECTIVELY THE'DEVELOPER"),WHICH DEVELOPMENT AGREEMENT DELINEATES THE TERMS AND CONDITIONS FOR THE DEVELOPMENT OF THE PROPERTY LOCATED AT 1250 WEST AVENUE(THE"DEVELOPMENT PROPERTY') AND 1247-1255 WEST AVENUE AND 1234 13 STREET(THE'HOSTEL PROPERTY)LOCATED IN MIAMI BEACH,FLORIDA CONSISTING OF THE FOLLOWING USES ON THE DEVELOPMENT PROPERTY:(1)A MAXIMUM OF 125 RESIDENTIAL UNITS,(2)GROUND FLOOR RETAIL/COMMERCIAL,AND(3)ACCESSORY USES;AS WELL AS(4)THE CONSTRUCTION OF A PUBLIC PARK ON THE HOSTEL PROPERTY(THE "PROJECT");AND MEMORIALIZES CERTAIN PUBLIC BENEFIT COMMITMENTS MADE BY THE DEVELOPER INCLUDING ACQUISITION OF THE HOSTEL PROPERTY AND CONVEYANCE TO THE CITY,AMONG OTHER PUBLIC BENEFITS;AND FURTHER SETTING THE DAY,TIME,AND PLACE FOR THE SECOND AND FINAL READING OF THE DEVELOPMENT AGREEMENT. Publ1c►_lssrtng Notice Of Public Messina And lrttertt To Consider A DerMonrnertt Agrnmsnt May.21,2025 CI.ty Commission Miatingj/ [hgal-edi/munidpalitiee/miaml-beach/05212025-QZ RLG MLNK TM,pdf) Miami Beach I Publish Date:May 1,2025 https/Iwww miamidade gov/global/navigation/legai-ad-,ndex page 151 of 430 5/6/25, 1 44 PM Legal Ads&Public Notices NOTICE IS HEREBY GIVEN that on May 21,2025,at 9:22 a_m or as soon thereafter as the matter can be heard, the Mayor and City Commission of the City of Miami Beach will hold a Second Reading/Public Hearing on the following proposed Development Agreement (9:22 a.m.Second Reading Public Hearing)-A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH,FLORIDA,APPROVING.FOLLOWING SECOND READING/PUBLIC HEARING.A DEVELOPMENT AGREEMENT,AS AUTHORIZED UNDER SECTION 2.11.1 OF THE MIAMI BEACH RESILIENCY CODE,AND SECTIONS 163.3220 - 163.3243,FLORIDA STATUTES, BETWEEN THE CITY OF MIAMI BEACH('CITY')AND TMG 67 COMMUNITIES,LLC AND DEAUVILLE ASSOCIATES,LLC(COLLECTIVELY THE'DEVELOPER"),WHICH DEVELOPMENT AGREEMENT DELINEATES THE TERMS AND CONUI TIONS i Oft I I IL OLVLLUPMLN I Ut I t IL YNUtLH I r LUL.A i LU A I Diu i COLLINS AVENUE (THE'DEAUVILLE PROPERTY)AND 6625 INDIAN CREEK DRIVE(THE'GARAGE PROPERTY')LOCATED IN MIAMI BEACH.FLORIDA CONSISTING OF(1)A MAXIMUM OF 200 HOTEL UNITS,(2)A MAXIMUM OF 140 RESIDENTIAL UNITS,(3)GROUND FLOOR RETAIL,(4)PUBLIC PARKING,AND(5)ACCESSORY USES(THE 'PROJECT');AND MEMORIALIZES CERTAIN ADDITIONAL PUBLIC BENEFIT COMMITMENTS MADE BY THE DEVELOPER. Public Hearing -Af n Baach�lyB hart Ownsy District-CanWINMdw Plan_ArrtertQrriottUresourcaa/lpal- ads/municipaliftea/miami-beach/03-06252025-01altonbsachbsld*4 cP.RI I Miami Beach I Publish Date:Apr 30,2025 PLEASE BE ADVISED:This advertisement has been updated to reflect a change in the date of the Second Reading/Public Hearing for the proposed Ordinance.The original hearing date of May 21,2025,at 9:15 a.m.has been rescheduled to June 25,2025,at 9:15 a.m.All other information remains unchanged.NOTICE IS HEREBY GIVEN that on June 25,2025,at 9:15 a.m.,or as soon thereafter as the matter can be heard,the Mayor and City Commissioners of the City of Miami Beach will hold a Second Reading/Public Hearing on the following proposed Ordinance:ALTON BEACH BAYFRONT OVERLAY DISTRICT-COMPREHENSIVE Pt AN AMENDMENT Public Hearing-Alton Beach flayfront Qrerl District-LDR Amvn4msnt(/resourceallegal-adalmunicip*Vostm_Wml becW04-04252025-Q2aitonbaachbsyfrortlittL WI) Miami Beach I Publish Date:Apr 30,2025 PLEASE BE ADVISED:This advertisement has been updated to reflect a change in the date of the Second Reading/Public Hearing for the proposed Ordinance.The original hearing date of May 21,2025.at 9:16 a.m.has been rescheduled to June 25,2025,at 9:16 a.m.All other information remains unchanged.NOTICE IS HEREBY GIVEN that on June 25,2025,at 9:16 a.m.,or as soon thereafter as the matter can be heard,the Mayor and City Commissioners of the City of Miami Beach will hold a Second Reading/Public Hearing on the following proposed Ordinance:ALTON BEACH BAYFRONT OVERLAY DISTRICT- I DR AMENDMENTS Public Notice-City of Miami Beach Meeting Notice,Mayj 9.2-(lmigurcegAggi -ads/mun p�llt� lmi�m(_btllshl4Z m.y msy92025.p l Miami Beach I Publish Date:Apr 25,2025 City of Miami Beach Meeting Notices May 2-9,2025 https.//www mamidade govdgiobal/navigation/legai-ad-index page 152 of 430