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Ordinance 2025-4750 North Beach Oceanfront Overlay District - Comprehensive Plan Amendment (Amended for Second Reading) ORDINANCE NO. 2025-4750 AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE CITY OF MIAMI BEACH YEAR 2040, COMPREHENSIVE PLAN PURSUANT TO THE SMALL SCALE PROCEDURES IN SECTION 163.3187, FLORIDA STATUTES, BY AMENDING GOAL RLU 1, "LAND USE," OBJECTIVE RLU 1.1, "ESTABLISHMENT OF FUTURE LAND USE CATEGORIES," POLICY 1.1.7, "HIGH DENSITY MULTI FAMILY RESIDENTIAL (RM-3)," TO CREATE THE NORTH BEACH OCEANFRONT OVERLAY LAND USE CATEGORY, PROVIDING AUTHORITY TO ESTABLISH FLOOR AREA INCENTIVES FOR PARTIAL RECONSTRUCTION OF CONTRIBUTING BUILDINGS; AND DESIGNATING THE NORTH BEACH OCEANFRONT OVERLAY DISTRICT ON THE 2040 FUTURE LAND USE MAP; AND PROVIDING FOR INCLUSION IN THE COMPREHENSIVE PLAN, TRANSMITTTAL, 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 44, Block 1 of the Amended Second Oceanfront Subdivision is one of the largest single oceanfront properties in the City (the "Overlay Area"); and WHEREAS, the City seeks to create regulations for the development of the Overlay Area that promote the public health, safety, and general welfare of the public; and WHEREAS, due to the unique size and location of the Overlay Area, any future development must be carefully planned to ensure appropriate massing, promote neighborhood character, and ensure compatibility with the surrounding historic district; and WHEREAS, the Overlay Area was previously developed with a hotel known as the Deauville Beach Resort that was classified by the City as a contributing building within the North Beach Resort Historic District; and WHEREAS, the City seeks to incentivize the partial reconstruction of the Deauville Beach Resort in accordance with the City's Certificate of Appropriateness Criteria, while balancing the need for resilient design and pedestrian friendly streetscapes; and WHEREAS, taking into account the size of the Overlay Area, the City seeks to appropriately limit residential density and hotel unit counts; and WHEREAS, the City seeks to encourage development of cohesive residential and mixed- use communities with low density long-term residential uses; and WHEREAS, the proposed North Beach Oceanfront Overlay is approximately 3.82 acres and qualifies,as a small-scale amendment; and 1 WHEREAS, the amendments set forth below are necessary to accomplish all of the above objectives; and WHEREAS, these regulations will promote the public health, safety and welfare. NOW THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1. The following amendments to the City's 2040 Comprehensive Plan Future Land Use Element are hereby adopted: RESILIENT LAND USE AND DEVELOPMENT ELEMENT GOAL RLU 1: LAND USE * * * POLICY RLU 1.1.7 HIGH INTENSITY MULTI-FAMILY (RM-3) * * * Density Limits: 150 dwelling units per acre. Intensity Limits: Intensity may be limited by such set back, height, floor area ratio and/or other restrictions as the City Commission acting in a legislative capacity determines can effectuate the purpose of this land use category and otherwise implement complementary public policy. However, in no case shall the intensity exceed the following: • a floor area ratio of 2.25 on lot area equal to or less than 45,000 sq. ft.; • a floor area ratio of 2.75 on lot area greater than 45,000 sq. ft.; • a floor area ratio 3.0 on oceanfront lots with lot area greater than 45,000 sq. ft.; • a floor area ratio of 2.0 on oceanfront lots in architectural district; • a floor area ratio of 3.0 for lots which, as of November 14, 1998, are oceanfront lots with a lot area greater than 100,000 sq. ft. with an existing building, however, the lesser of an additional floor area ratio of 0.15 or 20,000 sq. ft. for the purpose of providing hotel amenities..-; • Notwithstanding the foregoing, the City Commission acting in a legislative capacity may adopt land development regulations that provide intensity bonuses in the following RM-3 land use category overlays: A. North Beach Oceanfront Overlay: Lots within the North Beach Resort Historic District, which, as of January 1, 2025, are oceanfront lots with a lot area greater than 140,000 square feet and a minimum lot width of 450 feet and are proposed to be developed with the'partial reconstruction of a previously existing contributing building, as determined by the -Historic Preservation Board, are eligible for the intensity bonuses set forth below. 2 Within this Overlay. partial reconstruction shall mean reconstruction of certain contributing architectural elements of the pedestal of the contributing building, as determined by the Historic Preservation Board and development of a tower that references, even though it may not pre isel reconstruct elements of the original contributing building such as the tower's orientation. •eneral massin.. location within the site. elevations, and other significant exterior architectural features and elements of the original contributing building, as determined by the Historic Preservation Board. For the avoidance of doubt the term partial reconstruction does not require reconstruction of the original setbacks height, elevations floor area, density, or use of the contributing building, and shall be construed libera lv to encourage .n .rchite rall .D411 his••ri .Ily appropriate, resilient and hiah-quality desi.n. i. The base maximum floor area in the overlay shall be 3.0. ii. New construction limiting density to a maximum of 200 residential units shall receive a floor area ratio bonus of 0.25. . iii. New construction limiting hotel unit count to a maximum of 2 140 hotel units shall receive a floor area ratio bonus of 0.25. iv. A property 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, throughout the property and at all times, 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 0.50. v. A property that provides pedestrian pathways from Collins Avenue to the beach walk on the north and south sides of the property for public beach access in perpetuity shall receive a floor area bonus of 0.50. vi. The City Commission may adopt land development regulations that allow additional floor area for the sole purpose of partial reconstruction of the pedestal of a contributing structure, with the extent of reconstruction to be approved by the • Historic Preservation Board, up to a maximum of 166,500 square feet of additional floor area, provided that density and intensity of development at the property where the reconstruction occurs is limited as provided in this Policy and as further provided ' in the land development regulations. vii. Accessory Uses: the enclosed portions of accessory uses shall not exceed 35% of the square footage of the reconstructed contributing building. SECTION 2. COMPREHENSIVE PLAN FUTURE LAND USE MAP AMENDMENT The following amendment to the City of Miami Beach 2040 Comprehensive Plan, Future Land Use Map designation for the property described herein is hereby approved and adopted and the Planning Director is hereby directed to make the appropriate change to the City of Miami Beach 2040 Comprehensive Plan, Future Land Use Map: MAPS SERIES 3 2040 FUTURE LAND USE MAP • The 2040 Future Land Use Map shall be amended to include the "North Beach Oceanfront Overlay District." The overlay regulations of this section shall apply to the following property, further identified and outlined in the excerpt of the 2040 Future Land Use Map below: • • RM-3 FLU I:x 67th St peauvttte Roach Resort CD•2 L. Collins Note( ' Sherry Frontenac 4 SECTION 3. TRANSMITTAL. The Planning Director is hereby directed to transmit this ordinance to the appropriate state, regional, and county agencies as required by applicable law. SECTION 4. REPEALER All Ordinances or parts of Ordinances in conflict herewith be and the same are hereby repealed. 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. The ordinance shall take effect 31 days after adoption if no challenge is filed, pursuant to Section 163.3187(1), Florida Statutes. PASSED and ADOPTED this .27 day of 3NnG , 2025. Steven Meiner, Mayor ATTEST: JUL 0 2 2025 ti ranado, City Clerk INCORP GRATED: • REGIS BARBOU • .. APPROVED AS TO -®.. :�= FORM AND LANGUAGE �CH 2 - & FS' XECUTION City A ney Date Verified By: (11)"4"— Thomas R. Mooney, AICP Planning Director T:\Agenda\2025\06 June 25,2025\Planning\North Beach Oceanfront Overlay-Comp Plan Amendments-Second Reading ORD.docx 5 Ordinances - R5 C MIAMI BEACH COMMISSION MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: Eric Carpenter, City Manager DATE: June 27, 2025 2:04 p.m. Second Reading Public Hearing** TITLE: NORTH BEACH OCEANFRONT OVERLAY - COMPREHENSIVE PLAN AMENDMENT AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE CITY OF MIAMI BEACH YEAR 2040 COMPREHENSIVE PLAN PURSUANT TO THE SMALL SCALE PROCEDURES IN SECTION 163.3187, FLORIDA STATUTES, BY AMENDING GOAL RLU 1: LAND USE; OBJECTIVE RLU 1.1: ESTABLISHMENT OF FUTURE LAND USE CATEGORIES; POLICY 1.1.7: HIGH DENSITY MULTI FAMILY RESIDENTIAL (RM- 3), CREATING THE NORTH BEACH OCEANFRONT OVERLAY LAND USE OVERLAY CATEGORY PROVIDING AUTHORITY TO ESTABLISH FLOOR AREA INCENTIVES FOR PARTIAL RECONSTRUCTION OF CONTRIBUTING BUILDINGS; AND DESIGNATING THE NORTH BEACH OCEANFRONT OVERLAY DISTRICT ON THE 2040 FUTURE LAND USE MAP: PROVIDING FOR INCLUSION IN THE COMPREHENSIVE PLAN; TRANSMITTAL; REPEALER; SEVERABILITY; AND AN EFFECTIVE DATE. RECOMMENDATION The Administration recommends that the Mayor and City Commission (City Commission) adopt the ordinance. BACKGROUND/HISTORY The subject application was submitted on August 6. 2024 by TMG 67 Communities LLC with respect to the property located at 6701 Collins Avenue. This is a private application submitted pursuant to Sections 2.4.1 and 7.1.10 of the Resiliency Code. The applicant is proposing to create the North Beach Oceanfront 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 The applicant is proposing to create a new overlay, entitled the North Beach Oceanfront Overlay district, as well as amend the RM-3 development regulations specific to 6701 Collins Avenue, the site of the former Deauville Hotel. The proposal includes amendments to the Comprehensive Plan, as more specifically noted in the attached ordinance. The proposed amendments to the Comprehensive Plan and the Land Development Regulations of the City Code (LDRs) would enable the construction of an apartment hotel development that includes up to 416,250 square feet of bonus floor area, which would equate to an overall FAR of 5.5 for the property. The maximum zoned FAR for the property would remain at 3.0. Additionally, the applicant is proposing up to 100 feet of bonus building height, which will result in new towers constructed with a total height of 300 feet. The maximum zoned building height for the property would remain at 200 feet. 153 of 430 The applicant is also proposing to modify the minimum setback requirements in a manner specific to the property. Other proposed amendments include modifications to the allowable encroachments, as identified in the attached ordinance, resulting in a zero-foot side setback for certain structures, as well as modification to the rear setback requirements. In addition, a reduction in the minimum off-street parking requirements is proposed, along with the allowance for subterranean parking and mechanical parking without the review of the Planning Board. Lastly, substantial exemption from the requirements of the long frontage standards is also proposed. 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. In this regard, the following revision is proposed in the attached comprehensive plan amendment: Policy RLU1.1.7 High Intensity Multi-family (RM-3) is proposed to be amended as follows: Density Limits: 150 dwelling units per acre. Intensity Limits: Intensity may be limited by such set back, height, floor area ratio and/or other restrictions as the City Commission acting in a legislative capacity determines can effectuate the purpose of this land use category and otherwise implement complementary public policy. However, in no case shall the intensity exceed the following: • a floor area ratio of 2.25 on lot area equal to or less than 45.000 sq. ft.: • a floor area ratio of 2.75 on lot area greater than 45,000 sq. ft.: • a floor area ratio 3.0 on oceanfront lots with lot area greater than 45,000 sq. ft.: • a floor area ratio of 2.0 on oceanfront lots in architectural district; • a floor area ratio of 3.0 for lots which, as of November 14, 1998, are oceanfront lots with a lot area greater than 100,000 sq. ft. with an existing building, however. the lesser of an additional floor area ratio of 0.15 or 20,000 sq. ft. for the purpose of providing hotel amenities..-i • Notwithstanding the foregoing, the City Commission acting in a legislative capacity may adopt land development regulations that provide intensity bonuses in the following RM- 3 land use category overlays: A. North Beach Oceanfront Overlay:Lots within the North Beach Resort Historic District, which, as of January 1, 2025, are oceanfront lots with a lot area greater than 140,000 square feet and a minimum lot width of 450 feet, and are proposed to be developed with the partial reconstruction a previously existing contributing building, as determined by the Historic Preservation Board, are eligible for the following intensity bonuses: i. The maximum base floor area in the overlay shall be 3.0. ii. New construction limiting density to a maximum of 200 residential units shall receive a floor area ratio bonus of 0.25. New construction limiting hotel unit count to a maximum of 140 hotel units shall receive a floor area ratio bonus of 0.25. iv. A property 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, 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 0.50. v. A property that provides pedestrian pathways from Collins Avenue to the beach walk on the north and south sides of the property for public beach access in perpetuity shall receive a floor area bonus of 0.50. vi. Notwithstanding the foregoing, the City Commission may adopt land development 154 of 430 regulations that allow additional floor area for the sole purpose of partial reconstruction of the pedestal of a contributing structures, with the extent of reconstruction to be approved by the Historic Preservation Board, up to a maximum of 166,500 square feet of additional floor area, provided that density and intensity of development at the property where the reconstruction occurs is limited as provided below. vii. Accessory Uses: the enclosed portions of accessory uses shall not exceed 35% of the square footage of the reconstructed contributing building square footage of the historic structure. Under Section 163.3187(1), Florida Statutes, this amendment qualifies as a small-scale amendment as the proposed North Beach Oceanfront Overlay is approximately 3.82 acres. This process requires a public hearing by the local planning agency (Planning Board) and a final adoption public hearing before the City Commission. The ordinance shall take effect 31 days after adoption if no challenge is filed. PLANNING BOARD REVIEW On November 26, 2024, the Planning Board held a public hearing, reviewed the proposed ordinance and continued it to the January 7, 2025, meeting. On December 17, 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 Planning Board continued the proposed ordinance to a date certain of February 4, 2025, at the request of the applicant, with no substantive discussion. On February 4, 2025, the Planning Board held a public hearing and transmitted the proposed ordinance to the City Commission with a favorable recommendation (6-0). UPDATE/SUMMARY On March 19, 2025 the subject ordinance was approved at First Reading, with no changes, and set for Second Reading on May 21, 2025. Also. the proposed amendments to the LDRs and the Comprehensive Plan are tethered to a separate development agreement that was approved by the City Commission at First Reading on April 23, 2025. On May 21, 2025, Second Reading of the subject Comprehensive Plan amendment, as well as the companion LDR amendment and development agreement. were opened and continued to a date certain of June 25. 2025. After the May 21, 2025 City Commission meeting, the applicant provided revised versions of the LDR and Comprehensive Plan amendments, which contained the following changes to the proposal: 1. Previously, the applicant requested a height bonus of 180 feet. which increased the maximum building height from 200 feet to 380 feet. The requested height bonus has now been reduced to 100 feet, which would increase the maximum building height from 200 feet to 300 feet. 2. The floor plates of the revised towers are proposed to be increased from 10,000 square feet per floor to 25,000 square feet per floor, to accommodate the proposed reduction in building height. 3. To accommodate the lower building height, the applicant has proposed to modify the previous requirement to substantially reconstruct the former Deauville by allowing for the reinterpretation of the original tower portion of the hotel and redistribute the allowable FAR within 2 new towers that have been relocated within the site. 4. The applicant has limited the overall density of the project not to exceed 200 residential units and 140 hotel units. Additionally, at the request of the City Commission, the attached economic analysis was prepared by Miami Economic Associates (MEA) regarding the value of the additional FAR and height contemplated in the proposal. This analysis was conducted under the original proposed building 155 of 430 height of 380 feet, Although the applicant has indicated they do not agree with the findings in this analysis, the Administration believes that the substance of the analysis should be considered by the City Commission. The reconstruction of the former Deauville, including the reinterpretation of the tower, are important as the significant height and FAR bonuses proposed were conceived and predicated upon the faithful recreation of an important architectural landmark in North Beach. As indicated by the applicant. these bonuses are intended to offset the costs associated with the reconstruction of the former Deauville hotel. The Administration is not opposed to the proposed reduction in the height bonus, nor the lowering of the maximum height of the project. However, the applicant's proposal to modify the previously proposed reconstruction of the tower portion of the former Deauville hotel must be looked at cautiously. In this regard, the applicant has studied and agreed to tangible options to re-introduce the original tower portion of the former Deauville hotel. However, should this proposal move forward, it will be incumbent upon the applicant to faithfully re-interpret the exterior design. as well as the location, orientation and footprint of the original Deauville hotel tower. To this end, the Historic Preservation Board will play a critical role in ensuring a successful project from an architectural and appropriateness standpoint. FISCAL IMPACT STATEMENT No Fiscal Impact Does this Ordinance reguire a Business Impact Estimate? Yes (FOR ORDINANCES ONLY) If applicable, the Business Impact Estimate (BIE) was published on: 3/24/2025 See BIE at: https://www.miamibeachfl.gov/city-hall/city-clerk/meeting-notices/ FINANCIAL INFORMATION Not Applicable CONCLUSION The Administration recommends that the City Commission adopt the ordinance. Applicable Area North 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 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 156 of 430 Sponsor(s) Private Applicant Co-sponsor(sl Condensed Title 2:04 p.m. 2nd Rdg. NB Oceanfront Overlay-Comp Plan Amendment. (PrivAppl) PL Previous Action (For City Clerk Use Only) Continued from 6/25/2025 - R5 C 157 of 430 Miami Economic Associates , Inc. May 20, 2025 Mr. Thomas Mooney Planning Director City of Miami Beach 1700 Convention Center Drive Miami Beach, FL 33139 Re: Deauville Dear Mr. Mooney: In accordance with our proposal dated April 28, 2025, which was accepted by the City of Miami via Purchase Order 2025265-4, Miami Economic Associates, Inc. ("MEAI") has performed an analysis to estimate the increased value that would be realized by TMG 67 Communities LLC ('the Developer") if the City of Miami Beach Mayor and City Commission approves an LDR amendment with respect to the North Beach Oceanfront Overlay District with the stated purpose of creating development regulations that incentivize developments including the partial reconstruction of contributing buildings on certain existing lots within the North Beach Resort Local Historic District. The referenced lots include the property on which the former Deauville Hotel was located ("the Subject Property"). The proposed LDR amendment would increase the allowable intensity of development on the Subject Property from FAR 3 0 to FAR 5.5 and the allowable height of development on the Subject Property from 200 feet to 380 feet. MEAT understands in return for the increased intensity and height, the Developer is proposing to partially reconstruct the historic podium of the Deauville Hotel and re-interpret the hotel tower with a 200-room structure. The Developer is also proposing: 1) to establish two public access points from C:olins Avenue to the beach; 2) to create a public park on a triangle- shaped parcel at the intersection of 67th Street and Indian Creek Drive; and 3) to make 150 parking space available to the City of Miami Beach in the Deauville garage on the southeast corner the intersection of 67u. Street and Indian Creek Drive. Finally, it will provide financial contributions to the proposed Byron Carlyle cultural center in the shuttered theater and to a nearby public school. The purpose of this letter is to provide you with the results of our analysis. The conclusions presented in this letter are based on the professional research and analysis of the undersigned whose personal resume accompanies this letter. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: 13051 669-0229 Fax: 18661 496-6107 Email; meainko)bellsouth.net 163 of 430 Mr. Thomas Mooney Planning Director City of Miami Beach May 20, 2025 Page 2 As indicated above. the Developer's current plans for the Subject Property. which are conceptual and subject to modification during design review and the permitting process, envision the partial reconstruction of the historic hotel podium, which will contain public spaces for the 200-room re-interpretated hotel that will rise above it as well as a small museum featuring exhibits with respect to architecture and resiliency. The plans also assume the development of two 380-foot towers containing a combined 140 condominium units. On an overall basis, the project would be developed at an intensity of FAR 5.5, which would allow total development of 915,750 square feet, which is 416,250 more square feet than could be built at an intensity of FAR 3.0. However, it should be noted the partially reconstructed podium will be developed under provision of what is referred to on the conceptual plans as legislative bonus will be comprised of 165,460, which equates to an intensity of FAR 1.0. The remaining 749,290 square feet, which equate to an intensity of FAR 4.5, would contain the towers containing the 200 proposed hotel rooms and 140 proposed condominium units. The hotel tower, which will be comprised of approximately 230,000 FAR square feet and 256,268 FAR square feet in the two condominium towers will be developed at a height under 200 and at a combined intensity less than the 499,527 FAR square feet that would equate to a project developed at an intensity of FAR 3.0. Accordingly, the remainder of this letter will focus on the 210,538 sellable square feet that will be in the 261,732 FAR square feet that will be located above a height of 200 feet. The Developer estimates that the total sellable square feet contained in the 140 proposed condominium units, which total 420,000 square feet. will achieve an average price per square foot of $3,000. it claims that that figure is based on the sales at the Perigon condominium project, which is now under construction at 5333 Collins Avenue and in which the units are under 200 feet in height. It further estimates that the 210,538 sellable square feet above 200 feet would achieve an average price per square foot of $3,500. Based on its own independent research, MEAT believes the average price per square foot at the Perigon is more likely $3,500, which would suggest that the units proposed in the Subject Project that are above 200 feet would likely sell for an average price approximating $4,000 per square feet, thereby producing gross sales proceeds in the amount of$842,152,000 To estimate the value of the bonus square footage above 200 feet to the Developer, it is necessary to estimate the cost to develop that square footage and subtract that amount from the gross proceeds just estimated. Based on interviews with architects, contractors and other developers, MEAT determined the total cost exclusive of the amount spent on site acquisition to construct luxury high rise condominiums is in the range of$1,000 and $1,300 per sellable square foot with a number of factors contributing to differences between projects incLiding, among other, site conditions, the specific level of quality intended for the finished product, the existence of unusual design features, the cost of construction financing and commission rates paid. For this analysis. we are assuming the cost for 210,528 sellable square feet above a height of 200 feet would be $1,300 per square foot resulting in a total cost exclusive of the amount spent on site acquisition in the amount of$273,699,400. Miami Economic Associates, Inc. 6861 S.W. 89th Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink©bellsouth.net 164 of 430 Mr. Thomas Mooney Planning Director City of Miami Beach May 20. 2025 Page 3 In summary. MEAI estimates the value of the condominium square footage above 200 to the Developer would be $568,452,600, minus the cost of the proffers discussed above. Most prominent among them are the partial reconstruction of the historic podium and the re-interpretation of the historic hotel, which are consistent with the stated purpose of the proposed LDR amendment. MEAI has not been provided with an estimate of the total cost of those proffers. MEAI is available to respond to any questions you may have with respect to the contents of this letter Sincerely, z/..._.,4,Mi Economic Associates, Inc. Andrew Dolkart President Miami Economic Associates, Inc. 6861 S.W. 89t^ Terrace Miami, Florida 33156 Tel: (305) 669-0229 Fax: (866) 496-6107 Email: meaink@lbellsouth.net 165 of 430 Andrew Dolkart President Miami Economic Associates, Inc. Mr. Dolkart has provided real estate consulting services to developers, investors and governmental entities during a period of more than 50 years. His many consulting assignments have involved all major uses of real estate including residential. office, retail, industrial and hotel and resort development. His professional activities have been primarily focused on real estate projects in Florida, the Caribbean, Mexico. Central and South America Throughout his consulting career, Mr Dolkart has performed many assignments involving market and financial feasibility analysis for all uses of real estate including residential, office, retail, industrial and hotel projects_ He also has extensive experience analyzing destination resort projects in Florida. Arizona, New Mexico, Mexico and the Caribbean. Mr. Dolkart is considered one of the leading experts in the State of Florida with respect to the economics of community redevelopment and tax increment financing. In this regard. he assisted Miami-Dade County in formulating its policies and procedures for establishing new Community Redevelopment Districts within its jurisdiction. Among the CRA's that Mr Dolkart has consulted in recent years has been the Southeast Overtown Park West CRA. In this regard, he assisted in the preparation of the Application for Development Approval for Increment III of the Southeast Overtown Park West DRI and more recently assisted the CRA in preparing an application to Miami-Dade County to extend the life of the CRA itself. Mr. Dolkart also assisted Brightline in obtaining the recently activated right-of-way between Cocoa Beach and Orlando and in obtaining its financing_ In recent years. a substantial portion of Mr. Dolkart's practice has involved estimating the fiscal and economic benefits generated by new real estate projects. In this regard, he has done several engagements for Brightline. He has also worked on a proposed hotel adjacent to the recently renovated and expanded Miami Beach Convention Center and numerous privately developed multi-family, mixed-use and industrial projects throughout South Florida_ Mr. Dolkart has also worked extensively for both public and private sector clients on issues relating to the provision of affordable housing. He chaired two task forces appointed by the Miami-Dade County Board of County Commissioners to address issues relating to affordable housing Mr Dolkart is a graduate of Harvard College and received an MBA from Harvard Business School. He has served as a member of the Board of Directors of Habitat for Miami of Greater Miami and the Ransom Everglades School. 166 of 430 Andrew Dolkart Page 2 Education: 1963 — 1967 Harvard College - Bachelor of Arts Cum Laude 1967 - 1969 Harvard Business School - Master of Business Administration Previous Positions: 1991 — 1995 Kenneth Leventhal & Company - Director, Real Estate Advisory Services Flonda/Caribbean 1988 — 1990 Laventhol & Horwath - Director, Real Estate Advisory Services Florida/Caribbean 1986 — 1988 GA/Partners - Vice President in Charge Florida Office 1983 — 1986 Gulfstream Land & Development Corp. - Director, Commercial Development 1980 — 1983 Laventhol & Horwath - Director, Real Estate Advisory Services Florida/Caribbean 1976 - 1980 Jandy, Inc. - Owner/President 1972 — 1976 Gladstone Associates - Senior Associate 1969 — 1972 U. S. 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