Amendment No. 2 to lease between The Miami Beach RDA and Collins 1560, LLC Docusign Envelope ID:SOBEFD3F-8E7D-466C-BFFE-534FE606624D ��� � `� 1 ���
AMENDMENT NO. 2 TO LEASE
BETWEEN
THE MIAMI BEACH REDEVELOPMENT AGENCY
AND
COLLINS 1560, LLC
This Amendment No. 2 (Amendment)to the �ease, dated March 23, 2023 (Agreement),
by and between the Miami Beach Redevelopment Agency (RDA), a Public Body
Corporate and Politic and exist+ng under the laws of the State of Ffo�ida, having its
principal place of business at 1700 Conventian Center Drive, Miami Beach, Florida 33139
(Landlord}, and Collins 1560, LLC , a Florida limited liability company, having its principai
place of busfness at 1560 Collins Avenue, Suites 1 and 2, Miami Beach, FL 33139
(Tenant), is entered into this�day of O��,hc.( , 2025:
RECITALS
WHEREAS, on December 14, 2022, the Miami Beach Redevelopment Agency
("RDA" or �andlord") and Collins 1560 LLC d,'b/a Lime Tree Cafe("Tenant") entered into
a Lease for use of approximately 2,697 square feet of ground floor retail space located at
1560 Collins Avenue, Suites 1-2,for the operation of a fine dining concept; and
WHEREAS, the Lease term is for nine (9} years and 272 days, commencing on
April 6, 2023, when Tenant taok possession of the Premises, and expiring on January 3,
2033; and
WHEREAS, under the Lease, Tenant received the following concessions:
• For months 2-7 from Commencement Date (May 6, 2023-November 5, 2023), the
Minimum Rent and �perating Expenses were abated (Minimum Rend and Additional
Rent Abatement Period); and
• For months 8-18 from Commencement Date (November 6, 2023-October 5, 2024),
the monthly Minimum Rent payment(at the time, $16,856.25 plus applicable sales tax)
was abated (Rent Abatement Period); however, during the Rent Abatement Period,
Tenant was still required to pay the monthly payment for Operating Expenses; and
WHEREAS, on June 26, 2024, the Chairman and Members of the RDA adopted
Resolution No. 690-2024, approving and extension of the Rent Abatement Period for an
additional elght (8) months, from October 6, 2024 to June 5, 2025, during which time
Minimum Rent was $17,361.94 plus applicable sales tax; and
WHEREAS, on Apnl 1, 2025, the Tenant submitted a formal request for an
additional eight-month extension of the Rent Abatement Peri�d, from June 6, 2025
through February 5, 2026, or when Tenant apens for business, citing ongoing permitting
issues, particularly with the DERM review process for a shared grease trap; and
WHEREAS, during the proposed extended Rent Abatement Period, the Tenant
shall continue paying Operating Expenses estimated at $3,146.50 per month, wh�le
remaining exempt from Minimum Rent payment and any applicable Concessfon Fee and
Percentage Rent payment; and
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Docusign Envelope ID:80BEFD3F-SE7D-46BC-BFFE-534FE606624D
WHEREAS, this Amendment does not alter the Lease s expiration date ihe
�scafation dates of Minimum Rent or the Concession Fee; and
WHEREAS, on June 25, 2025, the Chairman and Members of the Miami Beach
Redevelopment Agency adopted Resolution No 710-2025, approving Amendment No. 2
to the Lease, granting Tenant the requested Abatement Period.
NOW THEREFORE, in consideration af the mutual promises and conditions
contained herein, and other good and valuable consideration, the sufficiency of which is
hereby acknowledged, the �andlord and Tenant hereby agree to amend the Lease as
follows:
1. ABOVE RECiTAIS.
The above recitals are true and correct and are incorporated as part of this
Amendment.
2. MODMFiCATIONS.
The Agreement is hereby amended (deleted items s�s�-t#�e�# and inserted
items underlined)as follows:
Paragraph 14 of the �ease Summary is hereby amended as foflows:
14. Term of Leas�(Section 1.1�:
Lease Term is nine (9j years and 272 Days from the Commencement Date.
"Commencement Date": The date Landlord delivers Premises to the Tenant.
"Rent Commencement Dete": 1) Following the earlier of one hundred and eighty
(180) days fram Cammencement Date; or 2)the date any portian of the Premises
opens for business.
Rent and Additional Abatement Period: During Months 2 - 7 from the
Commencement Date("Rent and AdditionaM Abatement Period"), Tenant shall not
be required to pay the monthly Minimum Rent or any Additional Rent payment( as
such term is defined in subsectian 2.1 of the Lease)that would otherwise be due;
however, Tenant shaMl be required to pay far all Additiona! Rent payments that
would otherwise be due during the Minimum Rent and Addilional Rent Abatement
Period.
Rent Abatement Period: During Months 8-��6 34 following the Commencement
Date, or until the earlier of Tenant's opening for business (the "Rent Abatement
Period"), Tenant shall not be required to pay the monthly Minimum Rent,
Percentage Rent, or Concession Fee payments that would otherwise be due;
however, Tenant shal! remain responsible for the monthly Operating Expense
payment.
"Renewai Options": None
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Docusign Envelope ID:806EFD3F-8E7D-466C-BFFE-534FEB06624D
3. RATIFICATION.
Except as amended herein, all other terms and conditions of the Lease shall remain
unchanged and in full force and effect. In the event there is a conflict between the
provisions of this Amendment and the Lease, the provisions of this Amendment sha11
govem.
THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.
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Docusign Envelope ID:806EFD3F-8E7D-46BC-BFFE-534FEB06624D
IN WITNESS WHEREOF, the parties hereto have caused this Amendment !e ve
executed by their appropriate officials, as of the date first entered above.
FOR LANDLORD: THE MIAMI BEACH
REDEVELOPMENT AGENCY
ATTEST: oo�„S;9„edbY:
[Ka�at,(, �. �v'aun.ad.e • )
B FA888A08FBSE4CF_. ���,1.. ��
Y ____� _�_----_— _ �
Rafiael E. Granado, Secretary Eric T. Carpe er,
Executive Qi ector
10/27/2025� 11:00 AM EDT
Date �`
FOR TENANT: COLLINS 1560, LLC
ATTEST:
�i'.�--"""`
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� Pres' t
I��i J�- �� `�� `' _?�-�;; �t:. t�-!`j(`O�C�-�c,�-'
Print Name � Print Nam
�V° ��?� �J�
Qate
Ai'PRpVED AS TO
FORM & LANGUAGE
& FOR EXECUTION
4 !` �( �_ �' {� ��
� Redevelopment Agency QaTe
� C�enerpi C�unsel (j�]
lVJyv\
Granado, Rafael
From: DocuSign - CMB <CMB@Docusign.miamibeachfl.gov>
Sent: Monday, October 27, 2025 11:00 AM
To: Granado, Rafael
Subject: Completed: Complete with Docusign: Lime Tree Amendment No. 2.pdf
Attachments: Lime Tree Amendment No.2.pdf
MIAMIBEACH
. .. ._ _ «, , � _.
. . . .
Kevin Sanchez
KevinSanchez@miamibeachfl.gov
All parties have completed Complete with Docusign: Lime Tree Amendment No. 2.pdf.
Please see attached Lime Tree Amendment No 2 approved pursuant to resolution 710-
2025 at the June 25, 2025 Commission meeting.
P�w�:�e� bY�docusign
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