Loading...
HomeMy WebLinkAbout06-01249 Back-up• City of Miami SEOPW - CRA PARCEL REF # STATUS OF PARCEL ZONING 1 4 parcels conveyed to St Johns as part of settlement R-3 2 CRA Parking Lot No.2 -(P-2) - can be developed C-1 3 Old WMBM building - owned by GMN C-1 4 Extenslion piece for moving Grand Promenande West R-4 5 CRA Parking lot No 3 (P-3) - can be developed C-1 6 CRA Parking lot No. 5 (P-5) - sold to Jackson Soul Food C-1 7 4 small parcels (12.5x50) deeded back to Mt Zion R-4 8 CRA Parking lot No. 4 (P-4) - can be developed C1 9 Parcel being sought by Anvar Moghaddarn for office building R-4 10 Old Divine Mission Church adjacent to the Ward Rooming House R-4 11 Small corner parcel/ FDOT project for Bth Street Hook Ramp? C1 12 Small corner parcel/ FDOT project for Bth Street Hook Ramp? C1 13 Parcel deeded back to Greater Bethel AME Church C1 14 Parcel deeded back to Greater Bethel AME Church C1 15 Block 25 returned to CRA from St John SettlementWU Site SD-16 16 Block 36 - Black Archives I Mickel! Ventures Development? S0-16 17 Block 45 - Crosswinds SD-16.2 18 Block 56 - Crosswinds SD-16.2 19 Block 55 - Crosswinds SD-16.2 20 Balance of Block 46 - Crosswinds SD-16 21 County Property - Site of new County Admin Building C1 22 Ground Parcel recently conveyed to Bayview Towers SD-16 23 Grand Promenade Cl 24 Bob Clark Parcel recently coveyed to the City of Miami CBD • VDG The Urban Development Group 1801 SW 3rd Ave. Suite 500 Miami, FL 33129 Phone: 305.285.9050 Fax: 305.860.4882 July 10, 2006 Frank K. Rollason Executive Director Community Redevelopment Agencies 49 NW 5 Street, Suite 100 Miami, Fl. 33128 Re: Unsolicited Proposal for CRA property located at 345 NW 10 Street Dear Mr. Rollason: I would like to submit an unsolicited bid for the above referenced CRA owned property. I have included a detailed proposal of what the development would entail. There are seven copies in the package. Please place the development proposal on the agenda for the next CRA board meeting scheduled for July 31, 2006. If you need any additional information please feel free to contact me. I look forward to establishing a mutually beneficial relationship with the Community Redeveloping Agency and helping it thrive. Sincerely, 7:171 Alberto Milo, Jr. President Revitalizing Communities by Creating Workforce Housing • • Jazz zae LITTLE BROADWAY • JazzLITTLE eRQADwP //.&ae Y • • • TABLE OF CONTENTS 1. EXECUTIVE SUMMARY 2. COMMUNITY OBJECTIVES B. PROJECT DESCRIPTION A. Site Plan B. Product C. Site Description D. Neighborhood Description E. Construction Features and Design Characteristics F. Building Amenities G. Unit Amenities 4, MORTGAGE FINANCING 5. THE URBAN DEVELOPMENT GROUP, LLC A. The Company B. The Principal C. Professional Development Team 6, LIMITING CONDITIONS AT LITTLE $RQAD WAY EXECUTIVE SUMMARY The mission of the Urban Development Group (UDG) is revitalizing communities by creating affordable living. UDG is partnering with Mt. Zion Development, Inc., a not -for -profit Community Development Corporation to develop the Jazz Village condominium development in the historic area of Overtown. In addition, we have added Alex Fraser, President & CEO of Fraser Financial and former Regional President of OneUnited Bank, the largest African American owned bank in the country to our development team. Our collaboration with Mr. Fraser expands our reach and rela- tionship with the urban community. Jazz Village will serve as an economic catalyst for the Southeast Overtown / Park West CRA. It will address numer- ous community needs, specifically, economic development, educational development, affordable homeownership, community empowerment and affordable rental housing. The first phase of Jazz Village will be a ten story mixed -use building. The building will consist of 12,000 square feet OM ground floor retail, 26,000 square feet of office space and 63 residential condominium units. The development will include a nine story self -park garage with capacity for approximately 260 cars. The second phase will be developed by Carrfour Corporation and will consist of 60 units of affordable rental housing. We are proposing to build Jazz Village on the existing parking lot located at 345 NW 10 Street, which is owned by the Southeast Overtown / Park West CRA. We have obtained site control from the South Florida Smart Growth Land Trust, which is managed by the Collins Center for Public Policy for the adjacent parcels in order to build the development. The development will be within walking distance of the newly renovated historic Lyric Theatre and Mt. Zion Church and will offer magnificent views of the Downtown Miami Skyline and Biscayne Bay, The development is conveniently served by two Metrorail Stations within a few blocks. Jazz Village will have a direct impact on breaking the cycle of poverty that currently exists in Overtown. We believe that Jazz Village will create a new found interest from the urban professional that previously left the area to return to the Overtown community. The retail space will include a branch office for a Local bank, an eating establishment with entertainment and other local neighborhood businesses. These businesses will provide an economic development engine by offering permanent jobs to individuals in the area. The office space will include a national medical training school which will give local residents the opportunity to achieve careers in the medical field; therefore, elevating them into higher paying jobs. The affordable homeownership and rental units will provide safe and convenient housing op- portunities for local residents. Most importantly, Jazz Village will transcend Overtown back to its heyday by fostering a renewed sense of community. • Jz !lla e AT LITTLE �RDAcWAY• COMMUNITY OBJECTIVES 1. Economic Development- The Jazz Village development will fulfill the local and national objective of providing jobs to low and moderate income people in the Overtown area. This is a high priority in the City's Consolidated Plan. The retail and office components of the development will bring approximately 60 permanent jobs to the neighborhood. 2. Educational Development- The Jazz Village development is going to provide educational opportunities to low and moderate income adults of the Overtown area. This will serve as an economic catalyst for the area by allowing these people to attain careers that will translate into higher paying jobs. The office component will be used by a national medical training school which will graduate approximately 250 students annually in the medical field. 3. Affordable Homeownership- The Jazz Village development is going to provide homeownership opportunities to low and moderate income people of the Overtown area. It will also attract the urban professional back to the area. This is another high priority in the City's Consolidated Plan. The homeownership component will have approximately 63 condominium units and will have income targeting between 60% and 150% of area Median Income. fib. Affordable Rentals- The Jazz Village development is going to provide rental housing opportunities to low income people of the Overtown area. Carrfour is going to develop the rental portion of the development. This is yet another high priority in the City's Consolidated Plan. The rental housing component will have approximately 60 rental apartments and will have income targeting between 30% and 80% of area Median income. • 1,11.111. I FWEI'-J7'-T JAZZ VILLAGE A MIXED USE DEVELOPMENT BY URBAN DEVELOPMENT GROUP. A B. G D. E. 450 CAR GARAGE WITH SIGNAGE MIXED - USE BUILDING - 63 RESIDENTIAL HOMEOWNER SHIP UNITS • MED. ASST. TRAINING SCHOOL 25,000 SF. - RETAIL AT GROUND FLOOR 10,000 SF RESIDENTIAL 65 RENTAL UNITS PROPOSED SURFACE PARKING PROPOSED PARK F. G H. K. L EXISTING RETAJ EXISTING CHURCH EXISTING RESIDENTAL & RETAIL EXSITINC RESTAURANT (JACKSON'S SOUL FOODS EXISTING HISTORIC NEGRO POUCE SUBSTATION EXIST1NC CONIC (REEVES CLINICS EXISTING APARTMENTS JUDSON ARCHITECTURE m-Ioa AT LITTLE BRQAOWAY • PROJECT DESCRIPTION PRODUCT Jazz Village is the first new residential development in Miami's Overtown area in over ten years. The first phase will be a ten story mixed -use building consisting of 63 condominium units with 12,000 square feet of ground floor retail and 26,000 square feet of office space. Also included will be a detached nine story self -park garage, with capacity for ap- proximately 260 cars, The second phase will be a 60 unit residential rental building. The unit mix for the condominium units include 14 one -bedroom one -bathroom units, 35 two -bedroom one -bathroom units and 14 three -bedroom two -bathroom units. Jazz Village Condominium is designed around the UDG concept of urban revitalization, which incorporates mass trans- portation into its design. The building will serve the urban workforce of the Overtown and Downtown Miami area. SITE DESCRIPTION The site is fully improved and has off -site improvements including storm drainage, water, gas, sanitary sewer, cable, electrical and telephone service. ILITIES: Water and Sewer service is provided by the Miami Dade Water and Sewer Authority, electrical service by arida Power and Light, gas service by TECO People's Gas, cable service by Comcast, and telephone service by Bell- South. The fire and police protection services are provided by the City of Miami. ZONING: The City of Miami has designated the zoning as C-1, which allows an R-4 use ( Multi -Family High Density Residential ). ACCESS: There is available transportation facilitating the site VEHICULAR: The site is on the corner of NW 10th Street and 3rd Avenue, both of which are paved public rights away. MASS TRANSIT: The site is located just two blocks away from two Metrorail stations, Culmer and Overtown; therefore, it also has direct access to Metromover and Metrobus. NEIGHBORHOOD DESCRIPTION The property is located in the Historic Overtown neighborhood of Miami. This area is characterized by its long history as the center of the African American community in Miami. The property is located across the street from Mt. Zion Church one of the oldest black churches in Miami and just two blocks from the Lyric Theatre the original black theatre. It offers astonishing views of Biscayne Bay and Downtown Miami. • A7 LIT rLE BRDADWAY CONSTRUCTION FEATURES AND DESIGN CHARACTERISTICS; Foundation: Concrete pilings or shallow foundation Structural Frame: Concrete frame with post tension flat slabs Exterior Walls: Concrete masonry with painted stucco finish Roof Framing: Concrete frame with post tension flat slabs Interior Walls: Painted gypsum drywall over metal stud framing Interior Ceilings: Painted gypsum drywall over metal stud framing Interior Floors: Carpets in living and bedroom area and ceramic tile in bathrooms Windows: Rolling aluminum with ESP finish fixed glass on aluminum frame with ESP finish �ors: Slidingglass doors with ESP finish solid core fire rated entry doors. Hollow core pre -hung interior doors HVAC: Individual unit air handler and compressor with strip heating Electrical: Service 120 / 208. Three Phase Four wire system Plumbing: Copper piping in the interior of the units and PVC piping for the exterior of the units Fire Protection: Fire sprinklers with fire detection alarm system Elevators: Two traction elevators Parking: Assigned parking in Municipal Garage Technology: Wireless Smart Building • J [//ageAY AT LITTLE BRDAOW • BUILDING AMENITIES COMMON AREA AMENITIES: Lush Landscaping with a Courtyard Dining and Entertainment Spaces Local Neighborhood Businesses Bank Branch Office Space Meeting Room State of the Art Security System Parking Garage with Assigned Parking Wireless Smart Building UNIT AMENITIES spectacular Views of Biscayne Bay and Downtown Miami Large Private Balconies European Cabinetry in the Kitchen and Bathrooms Energy Efficient Appliances including Refrigerator, Range, Dishwasher, and Washer & Dryer Pre -Wired split jacks for Telephone and Cable TV Wireless Smart Building State -of -the -Art Fire Safety System Energy efficient AC / Heating System and Water Heater • ♦ AT L1T-'f'LE tlege • MORTGAGE FINANCING There will be a variety of mortgage financing products available to the home buyers of Jazz Village. Based on the fact that the development is in a Target Area there are additional benefits and flexibilities to facilitate the home buying process. The mortgages will be administered through Banking Mortgage Corporation, which will obtain a Fannie Mae 1028 Condominium Project Approval. The company originates loans through both Fannie Mae's Desktop Originator and Freddie Mac's Loan Prospector Internet platforms. The mortgage products are as follows„ MIAMI-DADE COUNTY: • Miami -Dade Housing Agency- The agency offers second mortgage subsidy programs using their Surtax and SHIP funds. The programs are available to buyers that are at or below 140% of County Medium Income and purchasing a property of $225,000 or less. • Miami -Dade County Housing Finance Authority- The HFA offers a variety of first time homebuyer programs. They likave the Assisted Rate Program, which offers buyers who earn $67,000 or less an interest rate of 5.75% fixed for 30 years. Their Welcome Home Program offers two different interest rates 4.99% and 5.75% fixed for 30 years. The 4.99% rate is combined with a second mortgage of 20% with 0% interest rate and no payments for five years and it also offers closing cost assistance. Since we are in a Target Area Census Tract we can offer this program to buyers that earn up to $78,000 and are purchasing units priced up to $300,000; moreover, the first time buyer provision is waived. Their HOME Program can not be used within the City of Miami. CITY OF MIAMI: • Office of Community Development- This department of the City offers second mortgage subsidy programs using their HOME Funds. The subsidy is available to first time homebuyers that earn up to 80% of County Median Income. The maximum subsidy amount varies depending on unit size and the sales price limit is $236,000. • Affordable Housing Trust Fund- This is a new funding source that is being handled by the Community Development Department. It has a specific pool of money for City of Miami employees to get $25,000 as a soft second mortgage. The fund can also be used to help buyers that are at or below 150% of area median income purchase a property. The maximum sales price is $300,000. • fazz 147a e LITTLE BPJADWAY MORTGAGE FINANCING (CONTINUED) STATE OF FLORIDA: • Florida Housing Finance Corporation- The State offers an annual bond issue for first time homebuyers. The Urban 'Will Program offers buyers purchasing in a target area an interest rate of 4.99°/4 fixed for 30 years; moreover, if their income is at 80% of County Median Income or under, they can also obtain a second mortgage up to 25% of the purchase price, not to exceed $15,000 for HOME funds or $10,000 for HAP Perm funds. The Regular Bond Program, for buyers between 80% and 120% of County Median Income offers an interest rate of 6.45% fixed for 30 years. The State also has a new Community Program for essential workers such as teachers, police officers, fire fighters and medical professionals. Under this program these workers would qualify for a 5.50% interest rate. The maximum sales price is $300,000. FANNIE MAE: • Community Solutions- This products falls under Fannie Mae's My Community Mortgage Initiative. It is designed to give Educators, Law Enforcement Personnel, Fire Fighters, and Rescue Workers the ability to purchase a home with $500 or 1% down payment, whichever is less. The program has two versions Community Solutions 97 and Com- munity Solutions 100, with respective loan to values of 97% and 100%. The qualifying ratios are extended upward to 45% and non-traditional credit is acceptable. • Interest First- This product is designed for the true young professional. It offers the flexibility of having lower initial monthly payments while the borrower enhances their career opportunities and earns more money. FREDDIE MAC: • Freddie Mac 100 and Emerging Markets- These products offer loan to value ratios of up to 100%. The qualifying ratios are extended to 45% and the buyer's credit score can be under 620. The maximum loan amount is $300,000 and 6% seller contributions are accepted. LOCAL BANKS: • CRA Loans- Under the Community Reinvestment Act, banks are encouraged to offer mortgage products in under - served census tracts. There are several local banks that will offer their individualized portfolio mortgage products. • AT LITTLE ®RQA©WAY 0 THE URBAN DEVELOPMENT GROUP, LLC THE COMPANY: The Urban Development Group, LLC was founded in January of 2002 by Alberto Milo, Jr, The company's mission is to revitalize communities by creating affordable living. UDG has identified several underserved markets, one of which lies within the urban core of Miami -Dade County. The underserved market consists of individuals that earn between 60% and 150% of the Miami -Dade median income. These individuals currently do not have an economically feasible homeownership opportunity within Miami's urban core. UDG focuses on acquiring parcels of land that fall within HUD designated Target Areas, Locally Designated Target Areas, or Underserved Census Tracts. By purchasing land in these census tracts, UDG can leverage private and public resources to create affordable homeownership with end financing subsidies. This is where UDG has a competitive edge on its competition because of the experience of its affiliated company Banking Mortgage Corporation Inc, a Correspondent Mortgage Lender licensed by the State of Florida. ALBERTO MILO JR., PRESIDENT: Albert has over sixteen years of experience in the real estate sales and mortgage banking industry. He began his real estate career as a licensed Realtor Associate in 1988 with Century 21 Statewell Realty in Coral Gables, Florida where he worked with a variety of clients on their residential purchase and disposition needs. In 1990, upon obtaining his Mortgage Broker license, he became a Loan Officer, and later a Senior Loan Officer with Preferential Mortgage Corporation in Miami. While there, Albert was responsible for arranging residential loan applications for local builders, and HUD/FHA purchasers, specializing in low to illmoderate income homebuyers. In 1992, he went on to co-found and become Vice -President, and currently President of Banking Mortgage Corporation Inc, a licensed Florida Correspondent Mortgage Lender. Under his direction Banking Mortgage Corporation has become an approved Lender with the Miami -Dade County Housing Finance Authority, Miami -Dade County Housing Agency, and the Florida Housing Finance Corporation all of which specialize in affordable mortgage programs for first time homebuyers. Concurrently, in 1991 he founded Elite Service Realty Inc., a real estate brokerage firm specializing in real estate sales to low and moderate income home buyers. The company has since been renamed Urban Development Group Realty, Inc. In the year 2000 Albert co-founded Urban Renaissance Partners Inc. He was pivotal in the acquisition of the parcel of land developed as the Neo Condominium, by identifying the property and negotiating the sales price. Moreover, he was the person responsible for initiating the negotiations with Fannie Mae through their ACF Equity Investment Division. After successfully structuring the pre -development of the parcel he sold his ownership interests in Urban Renaissance Partners to pursue other ventures and start The Urban Development Group, LLC. SUNSET PALM VILLAS CONDOMINIUM: In April of 2000, Albert put together a group of investors and formed Little River Development LTD, a Florida Limited Partnership and New Conversions Inc. it's General Partner a Florida Corporation, he served as the President of both entities. Little River Development was formed to purchase the Larchmont Gardens Public Housing Project from Miami -Dade County. After acquiring the property, it was converted into Sunset Palm Villas, a town -house style condominium development for affordable homeownership. The development consisted of ten phases totaling 266 units ranging in type from 1 bedroom / 1 bathroom to 4 bedrooms / 3 bathrooms. The development was completed in November of 2003 and has regenerated the entire fibneighborhood with 266 proud new homeowners. AT LITTLE SROAQWAY g e THE URBAN DEVELOPMENT GROUP, LLC (CONTINUED) SEYBOLD POINTE CONDOMINIUM: In March of 2002, Albert contracted to buy an acre of land in the Spring Garden area of Miami. This property has been developed into Seybold Pointe, a 96 unit residential condominium. The building is the first mass -transit oriented homeownership development in Miami's urban core; moreover, it is located within the Federal Empowerment Zone. The building is 13 stories high, with a unit mix of 1 bedroom / lbathroom and 2bedroom / 2bathroom units. The building was completed in December of 2004 and all units are currently 100% closed. The majority of the purchasers are workers in the Civic Center area and the Central Business District. WAGNER SQUARE PROJECT: In October of 2002, Albert formed a partnership with other leading developers in the area, named Wagner Square, LLC. The partnership contracted with the City of Miami to re -develop a four acre Brownfields site in the Civic Center area of Miami. The partnership was awarded a one million dollar BEDI grant by US HUD accompanied by a $4,000,000 Section 108 Loan; the first ever awarded to the City of Miami. The project is going to be a mixed use development consisting of 198 condominiums and approximately 60,000 to 100,000 square feet of commercial development. The condominiums are geared for first time buyers, 52% of the units are reserved for buyers at or below 170% of median income. THE ATRIUM AT SPRING GARDEN CONDOMINIUM: In December of 2004, Albert formed UDG II, LLC to develop a property located at 820 NW 7th Avenue. The property is going to be developed into The Atrium at Spring Garden condominium an 80 unit building. The property is located in the Federal Empowerment Zone and will have a mix of one and two bedroom units. The project is a mixed income development with affordable housing units set aside for the City of Miami and Miami -Dade County. LAKE VUE VILLAS CONDOMINIUM: In October 2005, UDG III, LLC purchased 14 acres in the City of 0pa-Locka to be developed as Lake Vue Villas Condominium. The property will have 96 townhouse -style condominium units. The unit mix consists of sixty-eight 3 bedroom 2 bathroom units, and twenty-eight 2 bedroom 2 bathroom units. The development is the first mixed -income development in the City of 0pa-Locka with 26 units set aside as affordable housing units for Miami -Dade County. The successful redevelopment of the Larchmont Gardens Public Housing Project, the development of Seybold Pointe, the Wagner Square Project, The Atrium at Spring Garden, and Lake Vue Villas Condominium illustrate the fundamental philosophy of The Urban Development Group, that communities can be revitalized, by creating affordable homeownership. it is the only means by which to give families a vested interest in their neighborhoods and a vehicle to create wealth. • A Look At Carrfour's Current Housing & Programs in Development Projects operating and underway will provide 800 units of affordable housing for approximately 1000 people. Ultimately, Carrfour plans to develop at least 1,500 units of supportive housing in Miami -Dade County. This represents approximately 50% of the unmet need for supportive housing units in this area according to the Continuum of Care Needs Analysis generated by a multi -agency survey effort in Miami -Dade County. RIVERMONT HOUSE LITTLE HAITI GATEWAY Carrfour Supportive (lousing Current Housing Opened for occupancy in December of 1998, this is Carrfour's flagship project demonstrating the benefits of supportive housing for a mixed population of formerly homeless adults -- men, women, the young and the elderly. The building has 76 individual apartments, each with its own bath and kitchen. There are 36 units set aside for the disabled and 15 units designated for elderly residents. Rents are subsidized to make them affordable by single individuals of low or moderate income. Common areas include: a living/learning center; a wellness/fitness room; a general purpose meeting room; and an outdoor courtyard. Residents have organized a resident council, publish a monthly newsletter, and along with the Rivermont House staff plan a calendar of events. Opened in May 2003, Little Haiti Gateway is a mixed -use development designed to accommodate 80 individuals. This project contains 70 SRO efficiency units for formerly homeless adults, nine affordable one - bedroom units and a resident manager's unit. It also includes offices for the Little Haiti -Edison Credit Union. Each unit is fully furnished and has its own bath and kitchen. Little Haiti Gateway is funded under the Section 8 Moderate Rehabilitation Single Room Occupancy Program and U.S. HUD's Supportive Housing Program. It is located in the Little Haiti neighborhood of Miami. Revised January 2006 • CONTINUE: CARRFOUR'S CURRENT HOUSING DEL PRADO GARDENS TOWNHOUSES WYNWOOD APARTMENTS This $5 million project opened in January 2000. The complex consists of 32 new 3 & 4 bedroom, one-story townhouses, and provides permanent housing for formerly homeless families impacted by disabilities. Emphasis is placed on providing each family with the necessary support to provide a stable and nurturing environment for their children while maximizing the family's self-sufficiency. The U.S. HUD Supportive Housing Program provides operating subsidies for three years. Opened in December 2000, Carrfour master leases this 3-story building that is located in the Wynwood section of Miami. The building consists of 50 newly rehabilitated apartments (41 small one - bedroom units and 9 efficiencies), a resident manager's unit, a community room, a laundry room and a central courtyard. Each unit has its own bathroom, kitchen and is equipped with central air, appliances and window coverings. HOMESTEAD TRANSITION TO AFFORDABLE HOUSING (TAHP) In operation since May 1997, this project provides scattered transitional housing for 40 formerly homeless families. During an 18-month transitional period they are required to contribute 30% of their income to operating expenses. After the transitional period, the families take over the entire financial responsibility for their apartment and continue to live in the apartment they already occupy. In this way, the support framework developed during the transition period remains in place and the family avoids the disruption of a move. During the transitional period adult family members balance part-time work with vocational training, which enables them to earn enough to support their families by the end of the transitional period. SOUTH DADE TRANSITION TO HOME OWNERSHIP (THOP) This program began accepting families in September 1999, and while it is similar in nature to the Homestead project, this program provides a two-year transitional period at the end of which the families •purchase the scattered homes in which they are living. The costs associated with the transitional period for 50 families are fully funded by a grant of $2.5 million from the U.S. HUD Supportive Housing Program. Revised January 2006 LPTTLE RIVER BEND (FORMERLY CITY VIEW APARTMENTS) - Opened January 2005 Located in the Little River area of Miami, this project provides permanent housing for 66 previously homeless individuals under the Section 8 SRO program, Shelter Plus Care program, and Supportive Housing program. The apartments also have a community room and a laundry room. SECTION 8 MAINSTREAM VOUCHERS PROGRAM — HUD has granted Carrfour Supportive Housing fifty (50) Section 8 Mainstream Vouchers for a five (5) year period to help subsidize the housing cost for any homeless person experiencing disabilities (mentally and physically). Carrfour Programs In Development SUNSOUTH PLACE - scheduled to open in 2006 Carrfour has been 9warit-d operating subsidies by US HUD for this project that will be located in t h Beach area. The building will provide 55 units of permanent housing previously homeless individuals under the Section 8 SRO program, and 15 market rate units. HARDING VILLAGE — scheduled to open January 2006 Located in the northern part of Miami Beach, this project will provide housing for 74 formerly homeless adults and 18 low income individuals. The project has been selected for funding by the State and the County. Revised January 2006 • • CONTINUE: CARRFOUR SUPPORTIVE HOUSING PROGRAMS IN DEVELPOMENT: ROYALTON - Scheduled to open in 2006 Located in the downtown business district (131 SE 1st Street), this building was originally constructed in 1923 and is listed as a contributing structure in the Downtown Historic District. The Royalton is a 100-unit project that will provide 80 permanent supportive SRO units for formerly homeless individuals and 20 units of "workforce" housing at 60% Area Medium Income. The location of the Royalton is within proximity to jobs as well as education/training programs at Miami -Dade College. The first floor of the Royalton lends itself to providing a Social Enterprise opportunity for Carrfour Supportive Housing. VILLA AURORA - Scheduled to open in 2007 ■ tom■ ■ ■ Virg wi ■ ■ 111I.1 re.a, II After Demolition, a beautiful Mediterranean inspired 12-story structure will rise in the Little Havana neighborhood of Miami. This new structure will contain: a new Hispanic Library at the ground floor, above the library will be 3 floors of parking. Directly above the third level of parking will be 1 floor of office space for Carrfour's supportive service staff, community space, computer room, and a kitchen. Above the office floor, will be 6 floors with 76 apartments, a mix of 1, 2 & 3 bedrooms; 39 will serve the formerly homeless requiring supportive services and 37 will serve extremely low-income families and the elderly. LIBERTY GATEWAY This project will be a mixed -use 90-unit apartment building with ground floor commercial space located a 1400 NW 54 Street in the City of Miami. It will serve people whose income range from below 30% of area median income up to 60% of area median income with deep targeting for very low-income individuals and families. PORT S JRi The Port Sur will be a new apartment project located at 316 NW 11 Street, in the Overtown community of Miami. It will consist of 56 units and will serve current Overtown residents by providing affordable housing to individuals whose income ranges from below 30% of Area Median Income up to 60% of Area Median Income. Revised January 2006 • • • Judson and Partners is a Miami based African -American owned architectural firm, founded in 1969. Clyde W. Judson, Jr. is President of Judson and Partners, has over 28 years of design experience and serves as the Principal -in -Charge. Projects designed by ow firm cover a broad spectrum of building types, budgets, and levels of complexity. Our range of experience includes government facilities, schools, commercial buildings, shopping centers, religious complexes, multi -family residential communities, and aviation projects. The firm's housing experience includes: Florida Memorial $75,000 1998 Golden Lake Apartments $6,000,000 N/A New Hope Elderly $850,000 N/A Opa-Locka Housing $75,000 1998 Overiown New Hope $5,000.000 1998 Ruck's Park $28,000,000 2008 Scattered site Housing $70,000 N/A Sugar Hill $6,600,000 2008 Superior Manor $1,600,000 1997 TEDC-Boston Mixed Use $750,000 N/A Other project experience include: Bayside Shopping Center $100,000,000 1987 Brickell Transit Station - Metro Rail $8,000,000 1994 Coconut Grove United Methodist $700,000 1998 Holiday inn, Orlando Airport $12,000,000 1986 Lyric Theatre Ancillary Bldg. $3,500,000 2001 South Dade Haitian Mission Church $700,000 1996 Judson and Partners offers the full range of design services required for new construction, historic preservation, renovation and rehabilitation of commercial, governmental and multi- family residential projects, Our firm is CADD capable and our design team possesses expertise in all spans of design services phases, including urban planning and interior design. An integral part of the design philosophy at Judson and Partners is that each client and project is unique. Therefore, Judson and Partners approaches every project with the distinct objective of developing an intrinsic understanding of the client's needs. To ensure lop quality performance and client satisfaction throughout the project, Judson and Partners first undertakes a detailed project assessment to determine the client's requirements and the most effective methods of fulfilling them. Judson and Partners has longstanding relationships with a cadre of design professionals that provide an optimum level of support. Our design team has extensive experience with commercial and residential projects. Our assembly of talent underscores the ability of our firm to finish on time and within budget. At Judson and Partners we remain true to our founding principle, "We devote our entire professional energy to client satisfaction." JUDSON AND 4ARCHITECTS PLANNERS I NTERiOR DESYGNERS Years of Experience: 17 Extensive Experience in Architecture, Architectural Construction Management, Master Plans, Charades, Construction Documentation/Management, AutoCAD. or Staff: 2 Registered Architects 2 Architects, 3 Administrative Assistants Project Types: Airports/Aviation Parks/Recreation Commercial Renovations Housing Schools Renovations Churches Urban Planning Remodeling Historic Interior Design Master Plans Government 155 South Miami Ave, PH-1C, Miami, FL 33130 Phone: 305-755-9034 Fax: 305-755-9945 email: JazzLilye LITTLE' BR©ADWAY LIMITING CONDITIONS This Confidential Offering Proposal has been prepared by The Urban Development Group, LLC. (UDG) for informational purposes only and does not purport to contain all the information necessary to reach an investment decision. This offering is subject to prior placements, errors, omissions, changes, withdrawal or cancellation without notice, and does not constitute a recommendation, endorsement or advice as to the value of the proposed real estate development. Each perspective investor is to rely upon its own investigation, evaluation and judgment as to the advisability of investing in the purposed real estate development described herein. The projections set forth in this Proposal do not constitute a representation, warranty, or guaranty by UDG of any of the numbers set forth herein or of any economic value attributable to the proposed real estate development of the income that may be derived there from. Prospective investors should develop their own independent estimates of the projected income and expenses before making any decision on whether to invest in the proposed real estate development. This Proposal is the property of UDG and may be used only by the parties to whom UDG delivers this Proposal. By accepting a copy of this Proposal, the party who has possession agrees to return it to UDG immediately upon request. No copies of the Proposal may be made without the express written consent of UDG and no excerpts or summaries thereof may be distributed, reproduced, or included in any document without such consent. Brokers or Finders shall not be entitled to any fee, commission, or other compensation from UDG in connection with procuring an investment oin the proposed real estate development. •