HomeMy WebLinkAboutCRA-R-24-0032 Exhibit B-SUBExhibit "B"
SEOPW CRA - Bond Project Summary
THIS DOCUMENT IS A SUBSTITUTION
TO ORIGINAL. BACKUP ORIGINAL CAN
BE SEEN AT THE END OF THIS DOCUMENT
Bidder
Scope of Project
Total Project Cost
TIF Funding Requested
Recommended
Funding Amount
Historic Overtown Partners, LLC
To enhance public infrastructure throughout Overtown
$168.7M
Phase 1-$51M Phase 2-$32M
Phase 3-$72.6M Linear
Park$7.7M Henry Reeves
Park $5.2M
$15M
Historic Overtown Partners, LLC
Parking Garage
$22M *
RGC Phase, CLT
Courtside Apartments Phase 2 - 310 new units
$176.5M
$25.7M to fund the developer's
fee.
$3M *
Towne Villas 20th Terrace (Rainbow)
Mixed -use development at 2055 NW 3rd Ave and 255 NW
20th Terrace
$103M
$71.7M
$15M *
Atlantic Pacific
Culmer Apartments Redevelopment
$236M
$25M
$10M *
Atlantic Pacific
Block 45, LLC
$270M
$10M
$5M *
SEOPW CRA
9th Street Mall
$14M
$14M *
SEOPW CRA
26 Unit Condo Project
$10M
$10M *
City of Miami
Underdeck - Graham Greenway
$10M
$10M *
* May be subject to change to a lesser amount.
File #16077 - Exhibit B-SUB
Exhibit "B"
SEOPW CRA - Bond Project Summary
SUBSTITUTED
= Recommended for Bond Council Rev'
Bidder
Scope of Project
Total Project Cost
TIF Funding Requested
Recommended
Funding Amount
Comments
Shovel Ready
Historic Overtown Partners, LLC
To enhance public infrastructure throughout Overtown
$168.7M
Phase 1-$51M Phase 2-$32M
Phase 3-$72.6M Linear
park$7.7M Henry Reeves
Park $5.2M
$15M
Awaiting defini ' timeline for
projects
No
Historic Overtown Partners, LLC
Parking Garage
$22M
RGC Phase, CLT
Courtside Apartments Phase 2 - 310 new units
$176.5M
$25.7M to fund the developer's
fee.
$3 '
HTG Developer
Yes
Towne Villas 20th Terrace (Rainbow)
Mixed -use development at 2055 NW 3rd Ave and 255 NW
20th Terrace
$103M
$71.7M
$15M
St. John
No
Block 45/Atlantic Pacific
Culmer Apartments Redevelopment
$236M
$25M
$5M
Gap financing
Yes
Culmer/Atlantic Pacific
Block 45, LLC
$270M
$10
$10M
Gap financing
Yes
SEOPW CRA
9th Street Mall
$14M
$14M
SEOPW CRA
26 Unit Condo Project
$10M
$10M
City of Miami
Underdeck - Graham Greenway
$10M
$10M