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HomeMy WebLinkAboutExhibit A (OBSOLETE)OBSOLETE Term Sheet The following represents a nonbinding summary of the basic terms and conditions of a propose round lease (the "Lease"). No party is to be bound in any way unless and until final documents have b n agreed upon, executed and delivered. Premises: The site of the existing Hyatt Regency Miami hotel and mes L. Knight Center (Tract C and Tract B of Plat Book 119/31 Landlord: The City of Miami, a municipal corporation of the State of Florida. Tenant: HRM Owner, LLC, a Delaware limited liabil' company, or its wholly owned single -purpose entity. Referendum: The Lease is contingent upon approval b the voters of The City of Miami at public referendum ("Referendum"), 96ntemplated for November 8, 2022. Lease Term: The Effective Date of the Lease i the date that all of the following have occurred: the Lease has been ap oved at Referendum and the parties have executed and delivered the Le se. The Agreement shall become effective on the Effective Date andye Lease Term shall be for 99 years from the Commencement Date, as fined below. Commencement: Tenant shall be re red to obtain (a) approvals from all applicable governmental auth,ofities that are required to construct the Minimum Development I ided Tenant may elect not to proceed in the event the approvals are ect to unreasonable conditions that are not customarily impos/onmilar developments) and (b) a financing commitment to financst of the improvements ("Commencement Conditions") withinonths following the Effective Date ("Commencement Condidline"). The Commencement Conditions Deadline shall be exte ed for force majeure or, at Tenant's option, for up to three (3) 6- m th extension periods upon payment to Landlord of $250,000 for the first -month extension period, $250,000 for the second 6-month extension period, and $350,000 for the third 6-month extension period; provided, however, that Tenant shall be entitled to the third extension period only in the event that Tenant has invested a minimum of $20,000,000 in the redevelopment of the Premises prior to the expiration of the second extension period (Tenant shall provide verification of such expenditures in a form reasonably acceptable to Landlord). In the event that Tenant fails to satisfy the Commencement Conditions prior to the Commencement Conditions Deadline, either Party may terminate the Lease on 30 days' written notice to the other Party delivered at any time prior to Tenant's satisfaction of the Commencement Conditions. "Minimum Development" means the Podium, Tower 1, and Tower 2, meeting not less than the specifications set forth on Schedule 1. Tenant's right to possession of the 1 Premises pursuant to this Lease shall commence on the "Commence nt Date," which shall be the date that Landlord delivers the James L. ight Center ("JLK Center") to Tenant, free and clear of occupan 'es and contracts or obligations for events, and otherwise as -is, with all a own or disclosed faults, with such delivery to occur no later than si (60) days after Tenant's satisfaction of the Commencement Conditio Prior to the Commencement Date, Tenant shall continue to occupy t portion of the Premises that is demised under the Existing Lease and the terms of the Existing Lease (which shall continue in full force nd effect until the Commencement Date). Extension Options: None. Property Expenses: This shall be an absolutely net lease. Com encing on the Commencement Date, Tenant pays all taxes/will insurance, a repairs, and bears all other risks, expenses, and responsibilli ed exclusions for expenses directly attributable only to the Cir ip of the fee (including, for example, the City's administrativedebt payments on a fee mortgage) or reversionary fee interesimprovements. Tenant controls all operations, leasing, tax, etc.; provided that prior to the Commencement Date, Tee responsible for such obligations with respect to the Existing Leses as set forth in the Existing Lease. Condition of Premises: As is, with all faults, t Commencement Date. The Premises shall be free and clear of all occ ancies and rights to occupy other than the occupancy of Tenant pursua to the Existing Lease. Demolition & Construction: Tenant m t commence demolition of the existing improvements within one hun ed and twenty (120) days following the Commencement Date, subjec only to force majeure. Tenant shall complete demolition of the exis 'ng improvements, commence construction of the Minimum D elopment, and complete construction of the Minimum Development, all accordance with the longstop dates set forth in a project schedule, as agreed upon by the Parties prior to execution of the Lease (the "Project Schedule subject to the rights of lenders set forth in the Lease. Letter of Credit: Upon the Commencement Date, Tenant shall provide Landlord a Letter of credit, in a form reasonably acceptable to Landlord, in the amount of $500,000. The Letter of Credit shall be automatically renewable or otherwise renewed or replaced by Tenant prior to its expiration date. The Letter of Credit may be utilized by Landlord to address any defaults that are not first addressed by Tenant under the Lease upon reasonable prior notice, or that are so urgent that prior notice to Tenant is not possible. Tenant shall be required to replenish the Security Deposit within thirty days after receipt of written notice from Landlord, which shall include reasonable 2 documentation of Landlord's expenses. The amount of the Letter of CC it shall increase in the same fashion as the Minimum Rent. Construction Bonds: Prior to commencement of either demolition or new construct n on the Premises, Tenant shall provide to Landlord a payment and erformance bond, in a form approved by the City in its reasona e discretion, guaranteeing the payment of subcontractors and performa e of such work in accordance with the requirements of Section 255.0 , Florida Statutes. Tenant may, at its option, commence the demoli 'on work upon the provision of a bond securing only the demolition ork, and not the new construction work, by providing to Landlord a le r of credit in the amount of $1,000,000, which shall be forfeited to Land rd in the event that Tenant does not provide a bond securing the new onstruction work within 12 months following the commencement o demolition, and which shall otherwise be released upon the issuan of the bond securing the new construction work. For the avoidance f doubt, the forfeiture of the letter of credit pursuant to the preceding s ntence shall not relieve Tenant of its obligation to provide a paymen and performance bond prior to the commencement of the new cons ction. Capital Expense Fund: Commencing five years aft completion of construction, Tenant shall be required to fund a capital xpense fund, which shall be utilized by Tenant, in Tenan/ish, ab discretion, to fund any major repairs and improvemremises required to maintain the Premises in the condition the Lease. The amount of the capital expense fund shall be esthe Lease and shall be less the amount maintained in any substailar capital expense fund(s) required by any lender, operator, oprovided such similar capital expense fund(s) contains the same rts for reinvestment as provided by the Lease. Pre -Commencement Rent: Until e Commencement Date, Tenant will pay the annual rent and F age rent (prorated for the applicable period) payable for such period the existing lease between Landlord and Tenant for lease of the g hotel on a portion of the Premises ("Existing"). Construction Rent: Starting on the Commencement Date, and until the Minimum Rent Commencement Date, Tenant shall pay annual rent of $1,000,000 for the first year, $1,250,000 for the second year, $1,500,000 for the third year, and $1,750,000 for the fourth year (adjusted pro rata for any partial year prior to the Minimum Rent Commencement Date). Minimum nt: Commencing on the issuance of a temporary certificate of occupancy ("TCO") for the Minimum Development (the "Minimum Rent Commencement Date"), Tenant shall pay annual Minimum Rent (the "Minimum Rent") of $2,500,000 per year. 3 Fixed Adjustments to Minimum Rent: On the fifth anniversary of the Minimum Rent Commencement Da , the Minimum Rent shall be increased by the percentage increas in the Consumer Price Index for All Urban Consumers for Mia i - Fort Lauderdale — West Palm Beach (Base: 1982-84=100), no seasonally adjusted, over such five-year period; provided, however, tha e amount of such increase shall not be less than 7.7% or more than 21. /o. On the sixth anniversary of the Minimum Rent Commencement D e, and each year thereafter, the Minimum Rent shall be increased by th percentage increase in the Consumer Price Index for All Urban Cons ers for Miami - Fort Lauderdale — West Palm Beach (Base: 1982- 4=100), not seasonally adjusted, over such annual period; provided, h ever, that the amount of each such annual increase shall not be less th 1.5% or more than 4.0%. Participation Rent: Commencing at Minimum Rent Comme ement Date, Tenant will pay the greater of (a) Minimum Rent or (b) the 1 rticipation Rent. The Participation Rent shall be /enane o 2.5% of gros revenue actually received by Tenant each lease yeall revenues ge erated on site, including but not limited to room rentald and beve ge sales, multi -family rentals, and retail sales; provideever, th the amount of the Participation Rent is premised upoant's evelopment of the Premises generally in accordance wCo eptual Plan, and if Tenant only develops the Premises genein ccordance with the Minimum Development, the Participation 1 be increased to 3.0% of gross revenues. In the event that the f the development falls between the Conceptual Plan and the Minimevelopment, the amount of Participation Rent shall be established inance with terms to be set forth in the Lease. Affordable Housing Trust Fund: No later than sixty (60) days following TCO, Tenant shall contribute $5,40 , 00 to the Affordable Houisng Trust Fund. Transfer Fee: Tliant shall share with Landlord an agreed portion of the net profits azed in a transfer of a majority of its interest in the Lease (with customary carve -outs for transfers to Affiliates or transfers made in connection with bona fide financing agreements) ("Transfer Fee") or upon a cash -out refinancing resulting in the distribution of proceeds to Tenant, after the repayment of the loan being refinanced ("Refinance Fee"). The amount of the Transfer Fee shall be one percent (1%) of the profits (as defined in the Lease) realized by Tenant in connection with the transfer of the Lease (which, for the avoidance of doubt, shall be based upon proceeds received for both the leasehold interest and the improvements constructed thereon). The Transfer Fee shall not apply to transfers to Affiliates, transfers to or from lenders (or their designees or nominees) made in connection with bona fide financing agreements (including leasehold mortgages, mezzanine financing agreements, and preferred equity financing S agreements with mezzanine -style remedies, and specifically exclu 'ng transfers by foreclosure or by deed or assignment in lieu of foreclosu and transfers from a lender (or its designee or nominee) that has obta' ed the leasehold interest by foreclosure or by deed/trepayment signment ' lieu of foreclosure), or the transfer of a portion or porthe pr 'ect through an initial bifurcation of the Lease within ts aft TCO. The Refinance Fee shall be equal to the lesser of per ent (2%) of the amount of the loan proceeds distributed to Tenat repayment of the loan being refinanced and (y) $2,500,000, whint shall be adjusted throughout the Term in the same manner as MiRent. The Refinance Fee shall not apply to financing or refinancingd to finance the cost of construction or to the first permanent financi TCO. Impositions: Tenant shall be responsible for payment of impositions (real estate taxes, personal property taxes, as/eentsarising from and after the Commencement Date. Prior tencement Date, Tenant shall be responsible for payment of imposed on either Party as a result of the execution of the Lease, ant's possession of the Premises (due to a change in law or othe Project Development: A conceptual plan for devel pment of the Premises ("Conceptual Plan") is attached as Schedule 2. U on execution of the Lease, the Conceptual Plan, in the form attached to e Lease, shall be deemed approved by Landlord, in its proprietary cap ity only, and Tenant. The Conceptual Plan may be revised from time time by Tenant with Landlord's approval, not to be unreasonably wit eld, but in no event shall provide for less than specified in the ballot qu tion or the Minimum Development parameters set forth in Schedule 1. e Conceptual Plan will include, at a minimum, the Podium, Tower 1, nd Tower 2. The Conceptual Plan may show additional improve ents, including Tower 3. Tenant will construct the development in acc dance with the longstop dates set forth in the Project Schedule, subj ct only to force majeure and the rights of lenders set forth in the Lease. T ant is entitled to increase or decrease the density and intensity of the use f the site beyond the Conceptual Plans and to otherwise revise the Conceptual Plans, subject to Landlord's approval, not to be unreasonably withheld, conditioned, or delayed; provided, however, that the revised Conceptual Plans must, at a minimum, provide the Minimum Development parameters set forth in Schedule 1. Landlord shall be entitled to review construction drawings, but only (in its proprietary capacity as Landlord) for purposes of confirming the same conform with the Minimum Development and then current Conceptual Plans, compliance with the terms of the Lease, compliance with the ballot question, and compliance with applicable laws. Landlord will cooperate with Tenant's development by signing easements within the leasehold footprint (to the extent necessary to develop the Premises in accordance with the approved Conceptual Plans), permit 5 applications, etc., within reasonable limitations and subject to all applic le laws. Financing: In no event shall the City's fee simple interest be mortgaged. e Lease shall be senior to all mortgages. Landlord shall have no obligat' n to join in any leasehold mortgages or to subordinate the fee. No lim' on leasehold mortgages, sub -leasehold mortgages, sub -sub lease Id mortgages, mezzanine financing or preferred equity; provided, owever, that no mortgage shall be cross -defaulted with any other oans encumbering property outside of the Project. For the avoidance o doubt, tenant shall not be entitled to utilize the Lease or the Improvem is as collateral for any loan concerning off site projects or improve ents except to the extent expressly agreed by the Parties in the Le e. The Lease will include reasonable and customary leasehold mort gee, subleasehold mortgagee, and mezzanine lender protections and equirements, consistent with a project of this nature, but in all events s j ect to applicable laws. Leasehold mortgagees, subleasehold mortgag s, and mezzanine lenders receive notice; opportunity to cure (but no eed to cure "personal" defaults such as bankruptcy); control of amen ents, modifications, terminations, and certain Tenant rights under the, he ease to the extent the same materially and the leasehol/ev ge; ri t to a "new lease" if the Lease terminates; control of ceban y proceedings; and other normal and customary protections. ve that a leasehold mortgagee decides, in its sole discretion, tenant's leasehold interest, the leasehold mortgagee must meet t's Lease obligations, including without limitation, constructionns under Lease, subject to reasonable and customary extensions otherwise, a leasehold mortgagee must abandon the Lease and thements located thereon. Casualty and Condemnation: Tenan s responsible for restoration after casualty or partial condemnation, subj ct to typical end of term exceptions. Neither shall terminate the Lease. /casualty and condemnation provisions shall be subject to typical asehold mortgagee protections and requirements. Fee and leasehold share emnation proceeds shall be based on relative values of the two estates idered as if no condemnation had occurred. Dedications: The City Manager shall have the dedicated authority to grant ROW dedications required by any applicable governmental authority in connection with granting of approvals, including widening of 4t' St and radius clips. Use: Tenant may use the Premises for hotel, multi -family, conference center, retail, office, restaurant, entertainment, co -working space, and ancillary uses thereto, including parking and any other lawful purpose, provided that Tenant may not eliminate any uses included in the Minimum Development 0 set forth in Schedule 1, Tenant may not convert any portion of the lease ld to condominium form of ownership that permits ownership /a�nof dual residential units, and Tenant may not use the Premises for the prohibited uses to be set forth in the Lease without the City's itten consent. Assignment of Lease: Prior to TCO, Tenant shall not assign the Lease without La lord's consent, which may be based upon an "acceptable developer" c cept to be set out mm in the Lease. Following TCO of each of the Mi 'uDevelopment components set forth in Schedule 1, Tenant may as n the Lease subject to delivery of customary lease assignment and ssumption documents; satisfaction of objective, reasonable, and easily 'ter criteria (e.g., financial capability, no convicted felons and a mini in experience level for the assignee); and satisfaction of other conditio s within Tenant's control (e.g., cure of material defaults). If Tenant has tained a TCO for the Minimum Development components (except to nt improvements), then upon an assignment the assignor shall be rele ed from any liability (except for such liability incurred by Tenant prior o such date unless such liabilities are expressly assigned to, and acce ed by, the assignee). Notwithstanding the foregoing, Tenant may assign e Lease to an Affiliate of Tenant of greater or equal financial capabili at any time without Landlord's consent, but with advance notice an evidence of compliance herewith. "Affiliate" means an entity that is c trolled by, or under common control with, Tenant, and that is at least ten ercent (10%) owned, directly or indirectly, by Tenant or Tenant's princi Is. Moreover, the Lease shall not restrict Tenant's ability to transfe the ownership interests of Tenant, so long as Tenant continues tom t the definition of "Affiliate," and no owner is a prohibited party. Subleases: Tenant ay enter into subleases and space leases (such as, for example, leases ith residential tenants) without restriction. Landlord shall agree to re co nine and nondisturb subtenants and space lessees that satisfy re onable objective criteria in the Lease. Subject to Landlord's prior approval in accordance with parameters to be established in the Lease, Tenant shall also be permitted to sublease portions of its interest in the Lease to facilitate separate ownership, financing, development, and/or operation of separate components of the development, and Landlord shall enter into reasonable and customary recognition agreements with such subtenants to facilitate subleasehold financing (which agreements shall include, among other customary terms, Landlord's agreement to recognize the sublessee in the event of an uncured Tenant default on a portion of the project outside of the subleased premises); provided, however, that if Tenant bifurcates the Lease in accordance with the below provisions, such subleases may not be utilized to circumvent the restrictions on bifurcation. 7 Bifurcation of Lease: To facilitate the financing of each of the primary project compo ents, Tenant shall be permitted to bifurcate the Lease in a manner that al ws for separate financing, ownership, and operation of each bifurc ed lease, which shall each be a separate, direct lease with Landlor , provided, however, that no bifurcation shall be permitted unless each o the following requirements is met, unless waived by the Landlord up its reasonable determination that its financial and other interests as Lan ord are otherwise adequately protected: • No more than five (5) bifurcated leases shall be p itted. • No bifurcation shall be permitted until after substantial completion of construction of the Minimum Development mponents, unless waived by Landlord. • Each bifurcated lease shall be indep dently commercially viable, in accordance with standards agreed up by the Parties and set forth in the Lease, or as otherwise approved by andlord in its reasonable discretion. • Base Rent paid by the bifurcated eases, in the aggregate, shall equal that required by the original Lease, nd shall be equitably and fairly allocated amongst the bifurcated lease pursuant to a formula agreed upon by the Parties and set forth in the ease consistent with the independent viability discussed above. • The bifurcated leases s all not be cross -defaulted. • Prior to the bifurcati of the Lease, a declaration shall be recorded against the property that bi ds all present and future tenants and establishes a master association cha ed with the operation and maintenance of all shared elements of t project, and the required contributions to be made by each tenant to f the master association. The declaration shall be subject to the appro 1 of Landlord, in its reasonable discretion, and shall contain the followi elements: o The master association shall have sufficient reserves for a minimum of 6 months of operational expenses for the shared elements and a reserve fund to cover anticipated capital expenditures for the shared elements. The amount held in reserve shall be subject to the Landlord's reasonable approval. o In the event any of the tenants fails to fund its portion of the master association, the master association will have lien and other customary enforcement rights. o The declaration will grant certain cure/self-help rights to each of the tenants in the event the master association fails to meet its obligations for the shared elements, and certain cure rights with respect to the defaults of the other tenants. o The master association shall engage a qualified property manager in accordance with criteria set forth in the Lease. The manager shall be responsible for interfacing with the Landlord with respect to the day-to-day administration of the bifurcated leases, including day-to- day correspondence with Landlord and coordinating with Land rd regarding Landlord's inspection of the premises. • Assignments of each bifurcated lease shall be subject to t same restrictions, approvals, and transfer fees contained in the origina ease. • In the event of an uncured tenant default of any bifurcated lea , subject to the rights of lenders, Landlord shall have the right (but not e obligation) before exercising its right to terminate the lease, to req 're the tenant to transfer the lease to an unrelated party that is approve y Landlord or is otherwise a permitted transferee under the Lease. Tenant's Right of First Offer To Purchase: If Landlord decides to transfer the fee estate r if any equity owner of Landlord decides to transfer its equity intere , Tenant shall have a right of first offer (which Tenant must exercise waive before Landlord starts marketing). Recourse: After Tenant obtains TCO, Lease be,/omes entirely nonrecourse. Parking: The Podium for Tenant's an ated project will provide the minimum number of parking spaces re fired by City Code to serve the project. The Lease shall not obligate La ord to provide any off -site parking, including within the G4 parking gar ge, nor shall the Lease restrict Tenant's ability to reach a separate agree nt with the Miami Parking Authority or any other third party for the pr ision of off -site parking. Landlord's Approval: Landlord reserve the right to approve or deny, in its reasonable discretion, any covenants easements, or similar agreements which encumber the fee interest of Ondlord (as opposed to just the leasehold estate) that are reasonably required for Tenant's development and operation of the Closing Costs: Tenofit is responsible for the cost and expense of title search and title p miums, recording of the Memorandum of Lease, and its due diligence, cluding, survey, environmental reports, and other due diligence it elects to undertake. Each party bears its own attorneys' fees. Ownership of Improvements: Tenant shall own all improvements at the Premises during the term of the Lease. Tenant shall be required to maintain the improvements pursuant to the standards set forth in the Lease. Provided Tenant continues to comply with the Minimum Development requirements, Tenant shall be permitted, without the prior approval of Landlord, to renovate or alter the improvements to the extent required to retain the market position of the improvements (including, for example, periodic renovations of apartment units or hotel rooms); provided, however, that a material reconstruction of the improvements that exceeds sixty-seven percent (67%) of the 0 replacement cost of the improvements shall require the prior approv Yof Landlord, which shall not be unreasonably withheld, condition or delayed. At the expiration or termination of the Lease, Ten t shall quitclaim its interest in such improvements to Landlord, whic shall be provided free and clear of any leasehold mortgage or oth monetary encumbrances unless otherwise approved by Landlord. rior to the expiration or termination of the Lease, Tenant shall provi Landlord with a report, prepared by a certified engineer, confirming th compliance of the improvements with applicable building code re uirements and, if applicable, the cost to repair the improvements o comply with such requirements. In the event that the improvemen do not meet applicable building code requirements, and the estimate epair cost is greater than sixty-seven percent (67%) of the appraised alue of the improvements, Landlord shall have the option to requir enant to demolish the then - existing improvements. Indemnity: The Lease shall contain a customary ndemnity provision whereby Tenant broadly indemnifies Landlord f all matters arising from Tenant's possession of the Premises to the xtent not arising directly from Landlord's gross negligence or intention misconduct. Representations: The Lease will include a presentation that Landlord has no knowledge of violation of environme al laws or other applicable laws at the JLK Center portion of the Premis , and other limited representations as agreed in the Lease. Due Diligence: Subject to due diligence to be performed during pursuant to an access agreement pi; ' r to the Commencement Date (the "Due Diligence Period"), includingjceipt of satisfactory leasehold title insurance policy, Phase I environ ental assessment, and customary documentation mutually satisfa ory to the parties. Tenant may commence Phase II invasive testing Jiod andlord's prior written consent at any time during the Due Diligence in compliance with Landlord's reasonable instructions and ements. Permits/Inspections: City, in its capacity as sovereign, shall not be obligated to grant Tenant any approvals of applications for building, zoning, planning or development under present or future laws and ordinances. Recognizing the public and private benefits afforded by the project, City agrees to use reasonable, diligent efforts to facilitate the approval and permitting process through City in order to expedite the development of each phase of the project as soon as reasonably practicable in an effort to assist Tenant in achieving its development and construction milestones for the Project. In furtherance thereof, City has or will designate a designated representative to serve as City's point of contact and liaison with Tenant in order to coordinate and facilitate the submission of applications, authorizations, permit documents 10 and the like across all of the various departments and offices of the which have the authority, right or responsibility to review and approve, on behalf of the City. 7 Cancellation of Existing. Lease The Existing Lease will continue in full force /shbe until the Commencement Date, at which time the Existing Leaserminated, and shallbe of no further force and effect, except for thtions under the Existing Lease that expressly survive termination. Access Agreement Prior to the Commencement Date, Landlord and enant shall enter into an Access Agreement to allow Tenant to pet due diligence and review materials, including environmental and g/ion ical diligence and also tests and studies as may be required in connwith the demolition of the existing improvements, will full indemnin of the City by Tenant. 11 Schedule 1 Specifications for Minimum Development Approvals Area Use Matrix Total GFA Keys Units / NIA PODIUM Hotel + Serviced Apartment Lobby 9,100 SF Residential Lobbies 9,700 SF Hotel Restaurant +Lobby Bar TS Hotel Pool Bar TS /746 Riverfront Retail 12,216 SF Coworking 11,960 SF Parking ES Event (Meeting, Pre -function, BOH) 188,000 SF 90,000 SF PODIUM TOTAL 563,190 SF TOWER 1 Hyatt Regency Room Floors 486,080 SF 615 KEYS Serviced Apartments 338,400 SF 264 KEYS 257,520 SF TOWER 1 TOTAL 824,480 SF 879 KEYS TOWER 2 Residential 660,000 F 682 UNITS 518,400 SF SITE TOTAL 2,04 ,660 5F 879 KEYS 682 UNITS Hotel GSF 824,480 SF Hotel NSF 598,919 SF Total Residential NLA 518,400 SF Total Service Apt N LA 257,520 SF Total River -front Retail NLA 12,216 5F Total Coworking NLA 11,960 SF Total Parking Count 746 SPACES 12 Schedule 2 Conceptual Plan Area Use Matrix I e.,tsj G FA, K,-�y s 1.) -its NLA PODIUM Hotel + Serviced Apartment Lobby 9,100 SF Residential Lobbies 9,700 SF Hotel Restaurant + Lobby Bar S Hotel Pool Bar /JL07 S Riverfront Retail 12,216 SF Coworking 16,960 sF Parking ES Event (Meeting, pre -function, BOH) 188,0005F 90,000 SF PODIUM TOTAL 754,7305F TOWER 1 Hyatt Regency Room Floors 486,080 5F 615 KEYS Serviced Apartments 338,400 SF 264 KEYS 257,520 SF TOWER 1 TOTAL 874,480 SF 879 KEYS TOWER 2 Residential 660,0001 682 UNITS 518,400 SF TOWER 3 Residential 3, 8,000 SF 85a UNITS 884,C00 5F 5KY0RIDGE 1.5,300SF 10,7005F SITE TOTAL 3,372,560 SF 879 KEYS 1,532 UNITS Hotel G5F 824,480 SF Hotel NSF 598,919 5F Total Residential NLA (Tower +Tower 3) 1,402,400SF Total Service Apt NLA 257,520 SF Total Rverfront Retail N 12,216 SF Total 5kybridge NLA 10,700 SF Total Coworking N 16,960 5F Total Parking Cou 1,096 SPACES 13