LTC 005-2022 Convention Center Hotel Project Grand Hyatt Miami Beach005-2022
Grand Hyatt Miami Beach Convention Center Hotel
Quarterly Update | Q4 2021 This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer and
not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the
marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally
distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities
depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted herein are artist’s
conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown
solely for illustrative purposes.
EXHIBIT A
As all are aware, prior to the declaration of the global pandemic in
early 2020, our team made significant progress on the Grand
Hyatt Miami Beach Convention Center Hotel project and achieved
numerous key milestones. The Design Review Board and Land Use
Board approvals were successfully secured, the international luxury
brand Grand Hyatt was secured, and a Management Agreement
with luxury operator Hyatt Hotels was executed. Although we
temporarily paused the pre-development process in 2020 due to the
pandemic, this process was actively resumed in 2021.
Given the active economic recovery that the South Florida
market is benefitting from, the project is garnering tremendous
interest from potential debt and equity partners, and in tandem with
this interest our team continues to move forward to finalize the full
design of the project. Our third-party teams are fully engaged, and
we are actively finalizing plans and various components of the
design so that we may finalize project costs and permit applications
in the time ahead.
While the permitting process is under way for the Early Works phase,
we are working closely with The Fillmore Miami Beach at Jackie
Gleason Theater, Live Nation, the Miami Beach Convention Center,
the City of Miami Beach, and our contractor to coordinate the work.
The start of construction, contingent on getting all necessary
Early Works permit approvals, is anticipated in Q1/Q2 of
2022. Upon completion of our site work, vertical construction
will immediately commence.
While our core and shell team is focusing on the coordination of
the building systems, envelope and structure, our interior design
team has advanced on the space planning and aesthetics of the
hotel lobby, restaurant and bars, event spaces, guest rooms, pool
deck, and all common areas. We are very excited about the
quality of the project and associated design components and
believe this project will add tremendous value not only to the
Convention Center but also to the surrounding area. By way of
example, the below image illustrates the guestroom design intent
that we are developing in coordination with Hyatt.
December 2021 Quarterly Update
Job Opportunities for Local Residents and Business
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SUMMARY OF FACILITIES AND AMENITIES
Address 1701 Convention Center Drive,
Miami Beach, FL 33139
Target Open Date November 2025
Brand / Management Grand Hyatt/Hyatt Corporation
Guestrooms 800 guestrooms, including 48 suites
Gross Building Area 702,607 gross sq. ft.
Meeting/Conference
Space
90,000 sq. ft. (4 Floors) and 10,000 sq. ft.
of outdoor space
Food & Beverage
5 outlets
• Signature Restaurant
(Ground Floor/Leased)
• Lobby Lounge & Bar (Ground Floor)
•Coffee Bar (Ground Floor)
• 3 Meal Restaurant (5th Floor)
• Pool Bar (5th Floor)
Amenities and
Recreational facilities
•2 Pools
• Gym (2,730 SF)
•Grab-and-Go
•Gand Hyatt Lounge
Ground Floor Retail ± 15,000 SF
Parking Spaces 320 - Stacked, on property
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PROJECT HIGHLIGHTS
EXPERIENCED HOTEL OPERATOR AND WORLD-CLASS DISTRIBUTION PLATFORM
Hyatt Hotels Corporation, headquartered in
Chicago, is a leading global hospitality company
with a portfolio of 14 premier brands and exactly
1,051 properties in over 68 countries as of 6/30/21.
Grand Hyatt is one of Hyatt’s premier luxury brands,
accounting for 59 hotels and resorts across 26
countries, with an additional 12 hotels in the construction
pipeline. The Grand Hyatt brand caters to discerning
global travelers by providing luxurious guestrooms,
the finest multicultural cuisine, and grand gathering
spaces designed to handle events of any size.
The Sponsor has negotiated a hotel services
agreement (“HSA”) with Hyatt to provide both
franchise and management services.
CONVENTION BUSINESS & STRONG ECONOMIC FUNDAMENTALS
The MBCC, which completed a $620 million renovation in 2018, will
benefit greatly from the construction of the Miami Beach Convention
Center Hotel as it will provide MBCC with the host hotel it has lacked
to-date. While the area is already a strong convention center market
(ranked #9 by CVENT for 2019 US meeting destinations), it has
struggled to convert tentative business to definite business because
of the lack of a headquarter hotel near the MBCC. The Miami Beach
convention business will further benefit from the leadership of
David Whitaker, who was named President and CEO of the
Greater Miami Beach Convention and Visitors Bureau in July 2021.
The Greater Miami area is in a period of significant economic
growth, which will further bolster the area’s convention business.
Inward migration to South Florida increased roughly 69% in 2020
compared to the rolling three-year annualized average prior to
the pandemic. This influx of people to the area has resulted in
a 122% increase in single family home contracts over $1 million
from 2019 to 2020 which drove up the Miami median sale price
by $70,000. Furthermore, a number of major corporations have
announced relocations to South Florida including: Goldman Sachs,
Blackstone, Colony Capital, and Microsoft. More than half of the 20+
companies moving to the area are high-paying financial firms from
New York. The construction of the Hotel, recent major renovation
at MBCC, and economic growth in South Florida will serve as a
catalyst for convention center business in the Miami Beach market.
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Terra, the award-winning Coconut Grove-based real estate development firm, is known for
creating visionary projects that bring dynamic energy to their environments, have a positive impact
on their surroundings and, by extension, on the people who live there. Terra’s recent
emphasis has been concentrated in neighborhoods like Miami Beach, Coconut Grove, Doral
and Weston.
Terra has developed over $8.5 billion of residential and commercial properties to
date. Notable completed developments include Glass, a 10-story luxury condo
designed by Rene Gonzalez, Eighty Seven Park, a 70-unit beachfront condo in North
Beach designed by Renzo Piano, and Botaniko, a 121-acre project with homes designed
by Chad Oppenheim and Roney Mateu. Terra has also recently completed two luxury
condo projects in Coconut Grove, FL designed by world renowned architects Bjarke
Ingels and Rem Koolhaas.
Turnberry has a fifty-year history of creating exceptional destinations. Its portfolio
includes hotels that set the standard for luxury, innovative retail hubs, thoughtfully-
planned residential developments and Class A office space. Turnberry has developed
more than $10 billion in hospitality, commercial and residential property and has over 1,200
hotel rooms under management.
Most recently, Turnberry developed the award-winning 533-room JW Marriott Nashville
in the heart of downtown Nashville. Turnberry oversaw a transformative expansion at
Turnberry Isle Resort and its brand conversion from a Marriott Autograph Collection
property to the prestigious JW Marriott brand. The company undertook a four-year, $1
billion renovation and expansion of the Fontainebleau resulting in a 20-acre oceanfront
facility with over 1,500 guest rooms and residential towers. Turnberry owns and operates
Aventura Mall, which has been expanded into an almost 2.8 million square foot
destination. Aventura Mall is the premier shopping destination in Miami/South Florida
and is one of the top shopping centers in the U.S.
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability
company (“Developer”) which has a limited right to use the trademarked names and logos of Terra
and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made
by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to
Terra or Turnberry) with respect to any and all matters relating to the marketing or development of
the project. The Terra and Turnberry groups of companies are each comprised of several
separate companies that are legally distinct. Reference to Terra or Turnberry is merely for
convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are
subject to change. All images and designs depicted herein are artist’s conceptual renderings,
which are based upon preliminary development plans and are subject to change. All such
materials are not to scale and are shown solely for illustrative purposes.
MB Mixed Use Investment, LLC
GENERAL CONTRACTOR
Americaribe is a general contractor with
offices based in Miami, Florida and Los
Angeles, California. Americaribe has
operated in the US and Caribbean
construction market since 2002,
delivering large-scale projects such as
the iconic Brickell City Center in
Miami and the Waterfront Hotel in
Trinidad & Tobago. Americaribe
currently have operations in Florida,
California, the Bahamas, Dominican
Republic, Sint Marteen, Grand
Cayman and Trinidad and Tobago.
INTERIOR DESIGNER
Malcolm Berg is the founder, President and
Design Director of EoA, Inc. Malcolm received
his Master of Architecture degree from
Harvard University’s Graduate School of
Design. His strong visual arts background,
paired with a Master’s thesis which eroded
thresholds between architecture and
landscape, developed into a strong
career in experiential design. To that
end, Resort Hospitality design emerged
as a distilled medium to bring Architecture,
Landscape and Interior Design into one
experiential discipline. His focus on
design is unequivocally about the
narrative, about the human element –
about the intimate relationship
people have with their environment.
STRUCTURAL ENGINEER
DeSimone Consulting Engineers
provides high-quality structural
engineering, facade consulting, and
forensic services, in addition to risk
management and construction claims
consulting for all types of buildings.
DeSimone is organized to support
clients around the country and around the
globe with offices in the United
States, South America, and the
Middle East. To date, DeSimone has
designed over 10,000 projects in 44
states and 54 countries. The firm is
also consistently listed on Engineering
News Record’s Top 500 Design Firms.
CIVIL ENGINEER
Kimley Horn is one of the nation’s
premier planning and design
consultants,. Kimley Horn combines
creative yet practical solutions, a sense of
urgency, and a focus on bottom line value
to meet specific project needs.
Kimley Horn engineers, planners, and
environmental scientists apply creativity
and rigor to deliver outstanding
results. Kimley Horn has a long track
record of developing solutions that
save clients time and money, and can
share real-world examples of cases
where savings have been identified.
INTERIOR DESIGNER
Stonehill Taylor is a hospitality-focused architecture
and interior design firm, which takes a contextual
approach to designing destinations. Stonehill Taylor-
designed hotels are inspired and distinct reflections on
each project’s location, space, history, and culture. The
firm’s distinguished portfolio of hotels from across the
United States includes: TWA Hotel, Ace Hotel New York
and Brooklyn, the Graduate Hotel Roosevelt Island,
Renaissance New York Chelsea, The Industrialist Hotel
in Pittsburgh, and the Limelight resorts in Snowmass and
Aspen. Stonehill Taylor is at the forefront of sustainable
design, developing projects that are conscious of their
impact on local communities and the world.
ARCHITECT - ARQUITECTONICA
Headquartered in Miami, Arquitectonica was founded in 1977 and has regional offices in New York
and Los Angeles, and eight international offices in Europe, the Middle East, Southeast Asia and
South America. Arquitectonica has more than 650 professionals offering services in architecture,
landscape architecture, land planning, interior design, project management and development
management. Over the years, Arquitectionica has received many awards and widespread industry
recognition for its groundbreaking work.
Arquitectionica designs hotels that redefine the guest experience and provide unique market identity. Its
exterior designs tell a story about the place and establish identity in this competitive field. Its interior designs
create comfortable yet memorable spaces. Arquitectonica has worked on hospitality projects involving
more than 40 industry-leading hotel operators including Mandarin Oriental, St. Regis, Westin, W, Four
Seasons, Banyan Tree, Canyon Ranch, Raffles, Viceroy, Le Meridien, Hilton, Hyatt, Marriott and many
others. The firm also designs many luxury hotels with spas.
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures
and/or representations shall be deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or
development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon
for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings,
which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative purposes.
+16M
BRAND/MANAGER
Hyatt was founded by Jay Pritzker in 1957 when
he purchased the Hyatt House motel adjacent to
the Los Angeles International Airport. Today, Hyatt
is a global hospitality company with 1,051
properties in 68 countries across six continents.
Their hotels encompass Full-Service, Select-
Service, Extended-Stay, All-Inclusive Resorts and
Timeshare properties, which all benefit from
Hyatt’s superior global reservation system and
loyalty rewards program, as well as its excellent
group sales infrastructure and international brand
awareness.
Hyatt’s portfolio consists of 16 brands that each
offer a unique interpretation of the foundational
Hyatt purpose, delivering personalized care and
unforgettable experiences in ways more relevant
to your world. In October 2018, Hyatt purchased
Two Roads Hospitality, a leading lifestyle hotel
management company, adding five new
compelling brands into the Hyatt portfolio and
significant future growth opportunities.
Other Hyatt Convention Center Hotels:
Hyatt Regency Seattle | Manchester Grand Hyatt San Diego Hyatt
Regency Denver | Hyatt Regency Chicago | Hyatt Regency Dallas
Hyatt Regency Atlanta | Hyatt Regency New Orleans
Hyatt Regency Orlando | Grand Hyatt San Antonio
Hyatt Miami Presence:
Hyatt Centric South Beach | < 0.5 miles | 105 Keys
The Confidant Miami Beach –
The Unbound Collection by Hyatt | 1.5 miles | 354 Keys
Hyatt Regency Miami | 4 miles | 615 Keys
Hyatt Centric Brickell Miami | 4 miles | 208 Keys
Loyalty Program:
AT A GLANCE
Members
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DEVELOPMENT TIMELINE
2025
20252024202320222021
NOVEMBER
Hotel Opening
SEPTEMBER 2025
Certificate of
Occupancy
Q1/Q2 2022
Equity Closing/
Early Work Start
APRIL 2023
Construction Loan Closing/
Construction Begins
JULY 2025
Temporary
Certificate
of Occupancy
GRAND HYATT MIAMI BEACH CONVENTION CENTER HOTEL | 11
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KING GUESTROOM 3D RENDERING
GUESTROOM CONFIGURATION
The Hotel will feature six different room
types. The Hotel will offer 24 suites including
19 junior suites, 3 executive suites, and 2
presidential suites. Guestrooms are located
on floors five through seventeen, with an
average of 67 rooms per floor.
800
Total Rooms
FOOD & BEVERAGE OUTLETS
SIGNATURE RESTAURANT - (Leased) Located on the ground floor
LOBBY LOUNGE & BAR - Located on the ground floor
COFFEE BAR - Located on the ground floor
3 MEAL RESTAURANT - Located on the 5th floor
POOL BAR - Located on the 5th floor
10
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all
statements, disclosures and/or representations shall be deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters
relating to the marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for
convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and
designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative purposes.
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COVID-19 FUELS FLORIDA’S GROWTH
Q3 & Q4 2020 Relocation Announcements
1.0M SF+JLL is currently tracking of new-to-market office tenant requirements
Consisting of 20+ companies, more than half of these are financial firms from New York
GOLDMAN SACHS CITADEL CONFIDENTIAL
(TOP 10 HEDGE FUND)
MARATHON ASSET
MANAGEMENT BLACKSTONE COLONY CAPITAL
Target: 50k-200k SF
Relocating Market:
Miami + Palm Beach
Relocating From:
New York City
Status: Market Survey
Target Market:
Miami + Palm Beach
Leasing Req.: 50k-80k SF
Relocating From: Chicago
Status: Negotiations
Target Market: Miami +
Palm Beach
Leasing Req.: 75k SF
Relocating From:
New York
Status: Market Survey
Target Market: Miami + Palm
Beach
Leasing Req.: 10k+ SF
Relocating From:
New York City
Status: Market Survey
Target Market: Miami
Leasing Req.: 41k SF
Relocating From: New York
Status: Lease Executed &
Considering Expansion
Target: Boca Raton
Leasing Req.: 10k SF
Relocating From:
Los Angeles
Status: Negotiations
CONFIDENTIAL -
P&BS GIAN
ELLIOTT
MANAGEMENT SHIFTPIXY
CONFIDENTIAL
(MAJOR TECH
FIRM - TOP 10 APP)
MICROSOFT SUBWAY
Target: Miami
Leasing Req.: 65k SF
Relocating From: TBD
Status: Market Survey
Target Market: Miami + Palm
Beach
Leasing Req.: 40k SF
Relocating From:
New York City
Status: Negotiations
Target Market: Miami
Leasing Req.: 20k SF
Relocating From:
California
Status: Lease Executed
Target Market: Miami Leasing
Req.: 70k SF
Relocating From:
Silicon Valley
Status: Lease Negotiations
Target Market: Miami Leasing
Req.: 30k SF
Relocating From: New York
Status: Negotiations
Target: Miami Airport Leasing
Req.: 80k SF
Relocating From: New York
Status: Negotiations
Miami currently leads the
nation in office utilization
and daily physical
occupancy, at 52.1%
In South Florida, inward
migration is accelerating post
COVID, increasing by roughly
69% in 2020 compared
to the rolling three-year
annualized average.
Home sales have more than
doubled in Florida since
May 2020 with significant
migration from New York, New
Jersey, and Connecticut.
In Miami, new single family
home contracts over $1
million saw a 122% increase
compared to 2019, driving up
the Miami median sale price
by $70,000
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P U B L I C S PA C E
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer
and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the
marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are
legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted
herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
PORTE COCHERE & MAIN ENTRANCE - FRONT 3D VIEW
16
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer
and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the
marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are
legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted
herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
ATRIUM CONCEPT - 3D VIEW
17
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer
and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the
marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are
legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted
herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
VIEW TO RECEPTION
18
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer
and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the
marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are
legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted
herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
VIEW TO CONCIERGE
19
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and
Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to
Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several
separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities
depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are
based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative purposes.
VIEW OF GRAND STAIR & ESCELATORS
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer
and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the
marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are
legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted
herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
BAR ELEVATION
21
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any
and all statements, disclosures and/or representations shall be deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to
any and all matters relating to the marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally distinct. Reference to
Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary development plans
and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
BAR DINING ELEVATION
22
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or
representations shall be deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the project.
The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans,
features and amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development
plans and are subject to change. All such materials are not to scale and are shown solely for illustrative purposes.
MARKET ELEVATION
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all
statements, disclosures and/or representations shall be deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters
relating to the marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for
convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and
designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative purposes.
BALLROOM RCP
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the
trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer
and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to
the marketing or development of the project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are
legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and
amenities depicted or described herein are based upon preliminary development plans and are subject to change. All images and designs depicted
herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to
scale and are shown solely for illustrative purposes.
G U E S T R O O M S
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KING GUESTROOM PLAN
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be
deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the project. The Terra and Turnberry groups of companies are
each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary
development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative
purposes.
27
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be
deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the project. The Terra and Turnberry groups of companies are
each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary
development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative
purposes.
KING GUESTROOM 3D VIEW
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be
deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the project. The Terra and Turnberry groups of companies
are each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon
preliminary development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for
illustrative purposes.
GUEST ROOM QUEEN/QUEEN ROOM PLAN
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This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be
deemed made by Developer and not by Terra or Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the project. The Terra and Turnberry groups of companies are
each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon preliminary
development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative
purposes.
GUEST ROOM QUEEN/QUE E N ROOM 3D VIEW
This project is being developed by MB Mixed Use Investment, LLC, a Florida limited liability company (“Developer”) which has a limited right to use the trademarked
names and logos of Terra and Turnberry. Any and all statements, disclosures and/or representations shall be deemed made by Developer and not by Terra or
Turnberry, and you agree to look solely to Developer (and not to Terra or Turnberry) with respect to any and all matters relating to the marketing or development of the
project. The Terra and Turnberry groups of companies are each comprised of several separate companies that are legally distinct. Reference to Terra or Turnberry is
merely for convenience and should not be relied upon for any other purposes. All plans, features and amenities depicted or described herein are based upon
preliminary development plans and are subject to change. All images and designs depicted herein are artist’s conceptual renderings, which are based upon
preliminary development plans and are subject to change. All such materials are not to scale and are shown solely for illustrative purposes.
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