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Home My WebLink AboutBack-Up DocumentsLee Ann Korst First Vice President CBRE, Public Institutions and Education Solutions Group To: City of Miami Miami Riverside Center Evaluation Committee From: Lee Ann Korst, First Vice President Michael McShea, Executive Vice President Shay Pope, Senior Vice President Robert Given, Vice Chairman, Cushman & Wakefield CC: Daniel Rotenberg, Director Jacqueline Lorenzo, Property Management Specialist City of Miami Department of Real Estate and Asset Management Subject: Miami Riverside Center City of Miami OM #15-16-008 City of Miami RFP #15-16-009 Date: August 16, 2016 225 Water Street Suite 110 Jacksonville, FL 32202 (850) 251 9319 Cell Leeann.korst@cbre.com www.cbre,com Pursuant to the subject OM and RFP, CBRE is writing to address the selection committee members regarding a number of key points related to the disposition of the current site and acquisition of new City of Miami administrative headquarters. CBRE sees three primary points of consideration for the selection committee to consider during the evaluation of the proposal submitted by Lancelot Miami River, LLC d/b/a Adler Group ("Lancelot"). Operational The current Miami Riverside Center site was originally built for a single tenant corporate occupant, not a municipal or government purpose. Thus, the space functionally does not meet the City's needs or the needs of serving its constituents. As the City has grown in population, it has also outgrown the space provided in this existing site. While the building itself may not be functionally obsolete, it has many operational challenges and deficiencies related to serving the citizens of Miami including security, parking, adequate reception and waiting areas as well as poor organizational effectiveness related to daily operations. Economic Development While the current MRC site is operationaliy challenged, as described above, the location lends itself to be an economic driver for the City, Situated off of 1-95 and along the Miami River, a disposition of the site provides an opportunity for the City to expand downtown development West along the river providing continuity and connectivity to downtown along the riverfront. The proposed redevelopment provides a unique opportunity for the City to generate approximately $1,550,000 in annual tax revenue once the building is completed and stabilized, as well as significant short and long term job creation. It is important to note that if the City elects to build on an existing City owned site, no further land or property will be removed from the tax base and the current MRC site is returned to the tax base. Financial CBRE recommends the selection committee consider the following key terms when making their recommendation to the City Manager: 1) Improve the economics with regard to the "Guaranteed Minimum Payment" aka "No Development' scenario. Currently, if the developer does not execute on a new development on the MRC site, the minimum lease payments will deliver a net present value of approximately $40,000,000 per the attached analysis. We believe we should attempt to improve the terms so that the worst case scenario is a net present value of $60,000,000. This value would be consistent with interest from other parties, This can be accomplished in a number of ways such as increased minimum lease payments, deposits and/or a buy/sell scenario under certain terms whereby development has not been initiated by a date certain. 2) Negotiate a larger economic participation if there is a future capital event of the completed new development on the MRC site. As currently proposed the City would be entitled to three percent (3%) of the gross sales price less any amounts paid by Lancelot for Capital improvements including both hard and soft costs. The possibility of additional proceeds to the City in the event of a recapitalization or sale of the project could further reduce the economic gap between the sale of the MRC and the cost of the development of the new facility. 3) Explore the opportunity to provide a guaranteed lease payment in lieu of capitalizing the new administrative headquarters development. The lease payment could be financed with a credit tenant lease, perhaps with tax exempt debt, and allow the developer to capitalize and finance the new development on their own at very attractive financing terms. We would further want to negotiate a fixed purchase price option with a 2 reasonable, market driven developer mark up. 4) The purchase option may be linked to the City receiving further consideration from the recapitalization or sale of the MRC by the developer. Thus reducing economic burden on the City's cash flow, It is CBRE's opinion that there may be an opportunity to improve those transaction terms based on Lancelot's proposal and presentation. They indicated that there is a willingness to negotiate components of their proposal, including a guaranteed lease option for the new facility. Outside Counsel Should the selection committee decide to recommend an award of this project, CBRE recommends the City hire outside real estate counsel to negotiate the development agreement, finalize lease provisions, the sale /leaseback agreement as well as any easements, cross easements and other supporting documents. The City Attorney's staff provides excellent counsel to the Division of Real Estate and Asset Management, however, this is a non -routine and complex set of agreements which require deep real estate transaction and legal expertise to mitigate risk and ensure the outcome of this transformational project has a positive long term impact on the City. Additionally, the time commitment given the City Attorney's staff's workload may be such that outside counsel can accommodate the workload more expeditiously. 3 _AM City of Miami MRC Building (90 Years) Cash Fbvst COrntaanSor Analysis as of 11 Fiscal Year Ending Dec 31 117 NPV 4.0% year 1 2017 Cash Flow Comparison (Years 1 thru 11 of 90) Veer 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 2018 2E19 2020 Za21 2022 2023 2024 2025 Dated 8/4/18 Year 10 Year 11 Total 2026 2027 90 Year Revenue Atigied4yASPrRett88il $70 622.229 536229,341 sEmStrivrre TABLES 1.4.1exyAs PrileBiw-g S1 500 000 51,500 000 54,1775000 54,875,000 54.675 000 54.875,000 64875.000 51.500.000 S4,875,000 51200,000 1,500000 51,500.000 At -VIP -rat Rent Arneurd— NPV S1,590.000 t 61.750,060 570.922.229 I $71,911.643 52.00-0.0N S72.901,056 $2.250,090 573,890.470 52.500,900 532,750,000 $74.679.863 $76 9 297 $3,000M0 578.858,710 9I 500,000 51 760 ifaX S2 000,000 S2 258.000 S2,503.600 52,750,000 $3 000,000 53.250 000 53 500.000 Addhonoi rent amounts are proposed payments made in Year 4-8 of the analysis pentad minimum sase Rem (X-axis) vs, Additional Rent Y4-6 (Y-axls) Sensitivity Table 6375,600 $47-50100 5575.000 5673200 5775,03 5875.000 638,273.341 542.833.152 547.436,963 552,040,774 556,644,585 839,218,754 543.822.566 54642627 553.030,188 557,633.990 540208,168 544811,979 849.415190 554,019,601 5 - -3,41 S41.197,561 645,801,392 550.405,203 855,009.015 $42.186 .995 546.790,806 551,394.617 555.996.426 543.1 76.408 S47,780.219 552,384,030 556,987,641 544,165,82.2 546769623 553,373.444 557,977,255 S45.155 235 S49.759,046 554,362,857 558,966.668 546.144,649 550,748,460 555,352.271 Additional rent amountS are prOpOsed payments made in Year 4-8 of the analysts paned_ 51.830.786 51 875,000 52,197.863 51.886.250 62,447.644 $1,897,638 61,212.198 $409,773 8.1.248.562 51.286.019 6422,066 5434.726 5441.349,047 5165,321,357 Tho page A part of s package aho 6 subieRic the chisclaanNi co the &meanie Summary CSRE Financial Consulting Grew £61&:7016 10:21 AM City of Miami MRC Building (90 Years) Cash Fkaw Componsoa Cash Flows IMMORAL ASSUMPEOWS Leese Marl ie.* Expiration Lease Term NOTES It112017 1210112109 90 Years WSW' STRUMME Fazha 9319,15802 Pews. hailaharry FTa. PAM Mt% Mats 5010 72 J08,22,08-20. 73 to 04 357h23-000-23 85 la 96 .18)).04.00100-24 57 te) 109 Jan-2548e0-25 10310 120 1er1126.0e8-25 12150 in Ja0027-43455,27 13310 144 90-25,10144-21) 145 fei, 156 35a29.0)44-29 157 he 10P .6111132-009,30 16810 100 149i-3104,3/ 19110 192 alree.304840-12 11310 PIP amia-3.1.0)08.55 10 215 3011e-34048.-34 217 la 228 e00035404040 30000Arevaa05 .Weieee .asa tame PajLear 8039.758 5597.853 i7 10 The 5740303 9192914 5795.451 9091014 0033284 9099393 saw= 5910.553 1837,610 5965.005 1994395 NOTES (Corn! m.NO — City he receive 54.079 DM reed abdernene an lease beck he WIC building durteig Yaw 1. 2, and 5. 9611464161811871849004104101800001186 90490100011741 analysis 91443430.0.161004,99186 Pert.) Revenue Peetia*eithah Pace tahhasa haihi Ptaaaa I Peel ran 13--901 Participadiart Paha liPhasa 111 WV Phase li Ritir4 MI 13-1191 Thtal Rama) Raven. Malian:A Rau Wean) Payinent UPC Builiang Rare Addition& Reed Table Additional Rent Pha-Tax eleauparlayReleaahate, (Coe) 53.814 130 50 27.550559 0 1.474.372 0 17558 025 1109819059 aataisal itwia a 5050 0 0 100 0 0 0 0 1=.29980720. 100840021 91359142 64349039 Itzt-is 12544=1 1,19839.43 4rzi...4w27 vrt-t-z7is 4 Viaiia* ParePa. 54W T ‘Vov-S 1,16w4 5a0WIP TOP' al Virkria 50 SO 1338.750 5587,853 5115,799 0 574091.5' , 0 0 0 0 0 0 0: 0 221'4' 411,855 0 0 a o o o 51.51.4 5185,451 58119,014 0 0 54_109.486 485 906 550,559 515.586 0 9 28.115380 54 6152,812 200 920.424 2 W3,018 159 941 772 49957 100 5 0 0 0 0 0 I an 758 I 597.863 8.57.044 I 1 212,195 I 1848 952 I 1.285 000- I 73 5450145 I 1.100.050 1.600.000 0 0 0 0 0 0 0 0 0 0 0 0 13,520.559 9 4,811.51)0 4 075,006 4 875,000 0 0 0 0 0 a o o 0 5,136,491 0 0 0 0 i.500,000 1 500000 1 ma OM 1.500.000 1 SWAM 0 0 0 0 20905080 1. .0 4 875,000 I 4 875.000 I 4875,008 I 1,008.000 I 1 500 000 I 1 500 ON I 1 500.000 I 1.000 000 I 0 a 417,724,047 580 008 14625.000 7 558000 23,525.000 878,909,289 55,500,090 54,871,688 54,075.000 54,879.088 I 51,500,5001 51,500,950 I 51,538,758 I 52.197,953 52,447 01,010,009 I vam,ssz sI,ncola I 513.$4.501145 $441,04C041 1,•):`,D City of Mam MRC Building 190 Years1 dant nano • KITS C.Ift08.1& 14:15Z7.-. V.W74' oDrox '65= Ver,ngi .11.24.1% $,,,XJK=1 Prgi. UV -MI IWAM VIgNr tAISAS7 I mart, I iamme3 wan Wr.3,23 Oing,M W3T5,T +1,M1,51# PAITAX+1 I MM.- [ M[IMAII MMI MM.,* MMMI MMIMI I SIMMI [ MM 1,[ml [ Jmml EMIM I ,M.M5 PM., IL.T.sen %,.75t.45 klAMMI PMFAMI 5[3IMM[ MM. .[MM[I MMMM MM. I WM.,. I VAmill UM. I P,S011-4 tt,tt.tt Vt3.t, WAL,,,tt t,t1E. EtX..Wt ,Ett-,g_tt tt-t,tt, t7.3,1#11 ts#73f-ta WORM! fa0.00 I OltstM 9.t5kKg 11-X0X, V1345ailt 04161.121 nalntj 43-zu, S13%.2,4 4.1-MA. June 16, 2026 City Clerk's Office First Floor Counter 3500 Pan American Drive Miami, Florida 33133 Re: Miami Riverside Center OM No, 15-16-008 and City Administrative Building RFP No. 15-16-009 To Whom It May Concern: Lancelot Miami River, LLC an affiliate of the Adler Group ("Adler"), is pleased to submit its proposal to the City of Miami ("City") for the City's existing administrative facility called Miami Riverside Center located at 444 SW 2nd Ave., Miami, Florida 33130 ("MRC" or "Property") (OM No. 15-16-008) and to provide a replacement Build to Suit within the City limits, for the City's new administrative facility (RFP No. 15-16- 009). Our proposed project, Nexus Riverside Central ("NRC"), fully integrates the MRC Property with the adjacent property to the north to provide a comprehensive mixed -use development that is able to offer a return to the City of fair market value for the Property. NRC will deliver a mixed use setting that is functionally and aesthetically integrated with the existing surroundings, providing much needed market rate housing for the local community and connecting an underutilized stretch of the Miami Riverwalk. The development will increase activity along the Riverwalk by creating a unique destination where residents and visitors can live, work, and play. Concurrently, Adler proposes a collaborative partnership with the City to deliver a world class, 21' century, state of the art City administrative facility ("Building") that will improve organizational effectiveness, business strategies and daily operations to better serve the citizens of Miami. The development will embody a true partnership between Adler, the City, and the local community. Adler Group, led by Michael M. Adler, is a multigenerational full service real estate company, headquartered in Miami, Florida with an impeccable reputation and a deep understanding of the real estate industry. Adler Group is comprised of three core operating businesses, Adler Development, Adler Realty Services and Adler Kawa. Throughout its 50-year history, Adler Group has developed and acquired over 20 million square feet of industrial, office, and retail real estate and over 8,000 residential units. Adler is a credible, capable firm that has the capacity to execute and successfully complete NRC and deliver the Building on time and on budget. Adler is immensely committed to NRC and Building both from an economics and community development standpoint. As a truly local player, Adler feels a strong connection to the City of Miami, has a vested interest in the MRC Property, and is passionate about contributing to its development. Adler recognizes and appreciates the important responsibility that comes with this opportunity and is committed to ensuring this project is a success for the City of Miami and the local community. terits I XECU'FIVE SUMMARY ............ ............... VISION, GOALS,. & OBJECTIVES OF PROJECT.,............ PROJECT & PLAN DESCRIPTION ,...,. PROJECT / DEVELOPMENT SCHEDULE.. ............... MAR.N.FI & ECONOMIC FEASIBI1.;ITY.......................... FINANCIAL PLAN & CAPACITY RECENT FINANCIAL HISTORY „I 3 ... 8 20 23 28 35 PROPOSING ENTITY'S ORGANIZATIONAL CHART .......... ... ... ......... ......... .................. 39 PROPOSING ENTITY'S THRESHOLD QUALIFICATIONS PROJECT TEAM QUALIFICATIONS.. .. DEVELOPMENT TEAM QUALIFIC'ATIONS................................................. COMMUNLTY BENEFITS ......... ......... .. ............................. ......... ............. REQUIRED REP RESPONSE F()RMS'., ,, ............... .......... 50 EXHIBITS & REQUIRED RESPONSE; F()RMS ........................................................................51 EXHIBIT A- LEED SCORECARD ....... ......... .. ................. ....52 EXHIBIT B - FINANCIAL REFERENCE LETTERS ................................... 53 EXHIBIT C-SAMPLE OF PAST DEVELOPMENTS 57 40 41 .44 .48 EXF,1C1.7F[VE SUNINIARY Offering Memorandum (OK4) #15-16-008 Adler is uniquely positioned to maxir-nize the value to the City for the MRC Property (01M 415..16- 008) given that Adler owns the adjacent prope'ty directly to the north, which includes the access easements to the MRC and the plaza ir, front of the N4RC property. Adler has a unique understanding of the MRCProperty asirrelates to all of the underlying easements and is in the. best position tode|iver and execute a plan to provide the City with a fair marketvalue for the Property, Nexus Riverside Central plans to he a mixed-ose development providing much needed market rate housing for the citizens of K8|ami and activating stretch of the Miami Kive/wa|k.The project shall consist ofayproxim,�,Ite|y I,350 residential units in three distinct towers, a 150 key hote| along the RiverwaUk, and approximate|y3O'OOOsquare feet of retai[ and restaurant space Connecting and activating the area along the river to the frontage along SW 2 n, Aveaind SVV 3m street, Adler is about to begin Phase | of the project onitsexis0ngpropertyconsirLinQofa36-story,c|ass"A~muhi-fanni|yprojectwith4G2residenba|unitsand 7'OOOsquare feet ofretail, located at23OSVV3" Street, Miami'K33l3O(~NexusKiveoide^),Onthe K4KC Property, Adler plans to build Phase || arid Phase U| that will consist oftwo (2) 36-s\ory' class "4^ Multi- family towers with a total of 900 units (450 units each), 1.50--key hotel, arid 20,000 square feet of' r�staurant and retail space. With respect tothe OM, Adler prnposesUa enter into a ninety(90) year &,ound lease with the, City of Miami with a present valuation of over $70 million ("Ground Lease"). The Ground Lease would be structured asfoUows� 2, Foterinto othree year lease (with (Z) lyear extems,ions)ofthe K4KCbuidinr,,;with the City of Miami (n/$4,Q75 miUion per year net of all expenses, Including but not limited to any real estate taxes, insurance, utilities, maintenance, and operating expenses. This is the equivalent ofapproximate|y$25 per square toot (PSF) triple net (NNN) for the 194^679 office building and exclusive use of the existing 179'982 square foot pa/Nog garage. Payment of the $4.875 million per year shall be made as a rent credit for the proposed ground lease. 3Payment of $13 rnillion per year for five consecutive years immediately following the City of Miami fully vacating the K4RC building, 4, Payment utparticipation rent of3%ofgross revenue generated by the development in accordance with the �,erms ofthe resulting agreement, Via participation rent, the City will accrue 3V&mf all gross project revenues. In the first stabilized year nfthe, project, this equates toupwards of $I,2OQOOOper year that �sexpected tmgrow 0naverage at3%per 5, Over the term of a 90-year lease, total lease payments mmuhj amount to $334,800889. The value of these cash flows at a 4% discount rate yields a present value of total lease payments of$7U'53l82Q. A0LERGR3UP 1 1PaQe With respect to theReque�t forPmposa|(RFP#1S-16-009),Adler proposes, working inpartnership, with the City to deliver v Class ~A" office space for the City's administratve facility ("Building") within the City limits, which will functionally, securely, and conveniently serve the citizens of the City ufKxiami The new facility shall bring together the various City departments into nne tacUi�y thereby improving, organizational effectiveness, business strategies, and daily operations. Adler is, proposing to defiverthe Building in conjunction with the offer for the MRCPmperty, thereby allowing the City cf Miami toremain inthe current MRC building until construction iscompleted onthe City ofMhanmi'$newbmh|ttosuitfad|ityBuNdin0eVUowimOforaseamm|essoccupancytramoltinnbetmeen[)Mamd RFP. In order to achieve this mission AdW shall enter intc)a joint development p,",)rtnerslhip ("JDV) with the City to secure a location, design, finance, and ccnstruct, a ±37S,0OOgross square foot office Building that meets all of the City's goals and specifications. Adler is confident that it will be able to build and deliver an "p(hcp of the future" for the City of Miami, per the RFP specifications and in coordination with a top tier design team, The City may elect at its option to structure the ]DP as a (l> fee for service to manage the development(2) purchase the compVeLed facility atao a8reed upon price stipulated in thc]DP or enter - into a |ease structure wherein the base renL' net o(all expenses' shall be ca|cu|mted based on 7%ofthe total development costs, Total development costs shall include the cost ofland, soft costs, and hard rosts required to deliver the completed Building. Adler shall work od|ebomtivelywith the City toidentify the ideal location onprivate ordty-owmed land. An affiliate of Adler is currently negotiating a lease with��iami-Dade County for 7 acres of land surrounding the Douglas Road Metrn=i| Station at�SVV37"'Ave and USI ("Link at Doug|asStation"). The Adler affilhat(: is willing to offer a portion of Link at Doug |as Station as a potential location for the Building Ad|erhasexperienceoxecutinQsucceofu|commeuia)urbancoedeveopmentsvithintheCityof Miami for over 30years. Tha effectiveness and credibility of: our deoe|opment team professionals are well known to the City ofMiami. Through the JDP' Adler and the City shall solicit proposals and se|ecithe mon experienced and robust dm eve|opeomarchitect,��eainc|udinA� architect, civil engineer, landscape architect, hotel opera\or, and use attorney, retail |easinQconsu|tant, arid environnnentaVsustainabiUtyconsu|tant. The 6emrlinpmeot,teamShall hmp|ementall o[the [it/sreqm)rememts, and plans tnexceed expectations. Before commencement ofconstruction, the ]DP shaU enter into a gross maximum price contract with a third party pe*em| contractor and provide a payment and performance bond for the full cost of construction. Adler anticipates that it will take approximately one year to design and fully permit the Building, hoUovvcd hytwo years ofconstruction with a target move in date no later" than the January 2020. Adler arid its affiliates have decades and mu|dple generations of expenence developing, constructing, and managing commercial space in Miami and across the United 6taites. Ad|er has a proven track record in its ability to maximizevalue through cost-effective design arid construction todeliver the highest quality projects on time and on budget, Adler has the ability tosecure the required financing necessary to complete the project throuEh relationships with a prestigious list ofinstituhona| and private investors arid n,,ibovaUyrecognized financial lenders. Adler prides itself on successful partnerships and a commitment to public private partnership development programs and is excited for the opportunity to deliver to the City of Miami an excep0uoa| NEXUS RIVERSIDE [ENTRALATK4RCPROPERTY The development team has selected the name Nexus Riverside Central (~NR[^) fnr the redevelopment ofthe MR[site ("Deve|opmentSite°) NRC sits atthe cross section nfK4iam|'Smost vibrant neighborhoods: Little Havana, 8rickeU, Downtown Miami, the Miami River District, VVynvvood, Midtown, and the Design District. This positions Nn[totruly be the nexus ofand to everything Viami has to offer. Moreover NKCmiU further enhance the di^ectoonnecUvity between these various neighborhoods to the surrounding areas by creating pedestrian connectivity along the Aivemva|k and between Br|ckeU and Downtown. NR[ shaU be a tmnsiiohen/ed development with the Metro Mover, MeLoz,ai| station, and the AU Aboard F|ohdastahon only few b|ocksaway providing direct access toall of Downtown Miami, 8hckeU the arts and entertainment, the Health Dls1i Miami international Airport, and much morle, The overaU vision for the site is to develop a cohesive brand fovaU phases ofthe Aro�x'A and to, cnhamccthe newly developing, K4iamiRiver Distdct. One that will provide symb�osisbetween and amongst the restaurants, the hotel, Rivewva|koutdoo/ park,. area, and oesideotia|components. Given itspem�e/ location, with multiple 1-95 entrance points w\thio the |mmediate vicinity, and proximity to mass transit, NRCvviU be known as a premier- desdoaliun thm\ delivers a vibrant community environmentNRC shall he functionaliy and aesthetically integrated w4h the surrounding neighborhood and existing Riverwalk, Adler will deliver an iconic design that will have not only architectural creativity and excellence, but also an innovative and symbiotic layout. The Development Site sits at the center ofa growing u/bain and tourist neighborhood and is accessible by walking, driving, an,d public transit, The goal is to achieve the hiighest and best use rnixed-Used development with approximately 900 residential units, a 150 key hotel, 20,000squaie feet of retail, and a public park on the Development Site. The various uses and components will serve to transform the 8eve|opmemtS�te into an excitinQand vibrant destination, The Development Site is designed as ain urban, neighborhood that enhances the quahty of life for residents and visitors by creating a true vibrant community The retail mix is specifically cumted to support the lifestyle of the esiden�� Riverwa|k pedestrians, and neiOhboringcommunity, creating a sense of place. The Miami River and Rwerwa|k is the defining element of Nexus Riverside Central and serves as a tool for neighborhood developirnent by increasing urban vibrancy through connectivity, The' DeW-21oprnent Site is defined by placing active uses along the Rivemva|k and creating functional and aesthetic iotegradnn betwee"theRive/wa|kandthest,eeLTheRiveuidep|azapa/k("P|zza"),shuUsemeastheanchorkurihe neighborhood and premierdestinadon on the Miami Riverwa|k. The plaza isdedgned to open outward drawing pedestrians in from the Rivemva|kand 2nd Ave stairs The Plaza a|sofaces |-95 creating great visibility along one ufMiami's nnain thuoouBhfare�. The P|aza seeks to maintain as muchofthe existing park asfeasih|eand create afocal point around the existing dock slip The dock sUpshall serve asaplanned stop for the proposed water taixi servjoe, further integrating NR[ with the surrounding community and enhancing accessibility. Nexus Riverslcle Central will cornplernent and harmonize with existing and planned developmerit in the surrounding area by being attractive to community residents and visitors, The plan calls for a variety ofpedestrian passageways and access lined with ictme reta�| Co make the Plaza both accessible and interesting, The retail along SW 2nd Ave and SW 3rd Street shaU provide pedestrian connectivity to the other comi-nunity anchor to the north arid northwest, [his will forrin, a clear and continuous network of walkability and a sustainable interconnected livable neighborhood. TNs is the true active Rivenma|kexperience with the k4iami River right inthe heart ofthe action, not the side show, ADLER GROUP 3|Paf',1 e � N � ��0|�� T�� u��J`��A v��,�"�� m�� CENTRAL �� t, For those visitmg and |iWngon the Mianmi River, the P|aza and NRC, with coffee shops, restaurants, and other lifestyle retail, will becnmeafun, pleasurable, and social experience One ofthe main goals for the Plaza and NR[is to create a shaned public space. Making the poh|ic ea|m an urban asset, vvh�ch is a useful, inte^cnooerted' social, dynamic, and: vibrant space, We know that design affects human behavior, which iswhyeachasprc uftheNR[isdesjBnediomaximizetheexpchence and safety o1both residents and visitors. The design focused approach tothe development provides Ubsiy|ethat emphasizes walkab0ity arid the use of the Riverwalk. The landscape and hardscape elements are designed to be attractive and eoga8ing, making walking and sitting in, the Plaza a pleasure. Special attention is paid to the, spatial definition of the Plaza, Lhe Riverwalk, connectivity with the str(eet and all the spaces between the buildings. The space between the buUdings are extensions of tlie buddings thernselves with an intention to be outdoor- living rooms, The puh|ic realm, where civic life plays out, shaUseam|essly, MoWinto ihe private 'oa|mofthe retail shops and lobbies, that hug both the sidewalks and the base ofthe buildings, The architectural details at the ground level are designed tic) engage paop|eas they walk past with a varietyof unique elements, This dynamic creates an active life along, the Rivervva|k and at. the street level, which is fully interconnected' safe, )n|eresong, and ;mab|eWe believe that creating livable cities starts with creating livable neighborhoods Nexus Riverside [eotm| aims to be a model world class neighborhood that is centered on the Miami River. Thr K0R[ Property isa commuoKyasset waiting to be transformed into ore of Miami's most vibrant and attractive neighborhoods. Its location is second to none, sitting atthe center point n(Miami's moxr popular neighborhoods, sui If, � i �'`� ^ �� =+w ,`' o~ '�� ~—~ F9 =~' ~ ° « ADLER GROUP 4|Pa�e NEXUS RIVERSIDE CENTRAL— CONCEPT IMAGES ,I,J11044,,,00,111„n' „ IIDj vi1111114'111', ,,'',„1„,„'„'„'„,,,,,,"",,,,•,„1“11;"''' ,IVA1,1,111,V)111,1;„,1,„,, ,N,„,„,1111[[..1 11,1i1111''1,111 ,„ ,'••••' 1111111 IN I 1111'1" 10ISI, 1111), ",' •r„. "'"•,," l''' "',„'„,,I,',,,," , ,,,'„I', . ... ,. . . . 0.4'0,0011011"'' „I( •11,*, '117111 11411i, P fe, ',„,v„ 1111,0„ 41o", nrilioli"10:11111.1„1„1.'1„„111 01.1„ 41: I 5 ADLER GROUP 5 1P RFP FOR NEW CITY OF MIAMI OFFICE BUILDING Adler recognizes and shares the City of Miami's ("City") desire to bring its various departments together into one facility to improve organizational effectiveness, business strategies and daily operations in order to better serve the citizens of Miami, Adler also recognizes the importance of delivering a cost- effective design that maximizes value in design development and construction. The design shall take into consideration both initial and life -cycle costs, use modern workplace technology, and design strategies to provide an "office of the future" atmosphere — one that delivers an optimally sized and high -quality building (with related parking facilities). With the above goals in mind, Adler offers its vision for the City's new 21' Century base of operations ("Building"). The Building will 'incorporate state-of-the-art and forward -looking architecture and interior design that will be viewed by the public as an expression of Miami's culture, vibrancy, design quality, and energy. The main public spaces of the Building will lay the groundwork for a larger climate of hospitality and openness for the City's citizens, employees, and visitors. The Building's workplace environment will eloquently balance openness and adaptability which will allow for communal working — where managers and workers mingle informally within a spatial configuration that increases the frequency of social interactions — while promoting productivity and creating a sense of security and respect for every employee.. The Building will be an "office of the future" that will implement a multitude of cutting -edge technologies, including those for efficiency, productivity, and security (for the Building's employees and visitors), yet will have a design that will allow for cost-efficient future upgrades. The entire Building will be wired to accommodate wireless work anywhere and everywhere for employees, visitors, and citizens. It will promote operational and organizational efficiencies by providing a mixture of office types, interior and exterior collaborative spaces, fitness center, conference rooms, break and support areas, and a host of public areas including lobby, waiting and dining facilities, and residential -styled amenities, The Building's avant-garde design will enthuse employee recruitment and retention by creating an environment that fosters creativity and collaboration both in and across departments. It will also promote efficiency through private and collaborative workspace areas that will be adaptable to specific department's needs, There will be readily accessible public meeting and waiting areas that will imbue a culture of welcomeness, productivity, and efficiency. This will be achieved via open-plan offices with communal desks that can be raised and lowered to accommodate the different needs of changing teams punctuated by glass rooms that respect the need for privacy, while still remaining transparent. The connective spaces will be designed to bridge the gap between workers and management, on the one hand, and civil servants and citizens on the other. Given the importance of our environment, from the start of construction through the completion of the Building, practices will be implemented to ensure environmental sustainability, durability, and safety. Not only will the Building's design be environmentally responsible and energy efficient, it will at a minimum achieve LEED Silver certified by integrating top-notch eco-friendlly interior and exterior systems. These technologically advanced systems will maximize thermal performance and capitalize on natural sunlight, Finally, the Building will have a highly desirable green, plush, artistic, and environmentally sensitive exterior with an atrium that delivers daylight and fresh air with interior courtyards that unfold into outdoor rooms. This design will promote healthy work -live practices and communal relationships, and give the City's employees and the Building's visitors a culturally rich atmosphere and highly desirable ambiance, ADLER GROUP 6 1 P a g 0 NEXUS RIVERSIDE CENTRAL MRC OFFICE BUILDING — CONCEPT IMAGES Natural daylight in open work spaces, interactive meeting rooms, and breakout spaces for informal collaboration 4irMAAM,A,* fAim g „gMAM MAW 44,g.V,IftP110 4 ' OPea,,1,44,/t 411'ij r Akilr74,M, "Ow leitiSOON'ob ' 1°1» , , g r ttt ttt4 'Nlal11,,111" 4i6rvoio, "" "110'0W d+' 1.11 '141, gij igitt 9041#44114414"4''' rgt, 4,AV,43vio 1110,11,,1,111 ,,144,„ 4 ADLER GROUP 7 1") a e E IDE CENTRAL PROJECT & PLAN DESCR,IPTI(. Office Building Plan and Description Adler proposes delivering to the City a turn -key development of the Building that meets the requirements of the RFP. We believe this is a collaborative process between the development team and the City. Therefore it is impossible to adequately and accurately design and estimate the cost for the Building without coordinating directly with the City. There are significant cost savings in executing a collaborative design build process between the City and the development team that shall include design professionals, engineers, consultants, and a general contractor. There are significant required expenditures and decisions that can only can be determined by consultation with the City. It is Adler's intent to, in partnership with the City, meet the specifications detailed in the REP and to develop an economically viable, efficient, and well - designed Building for the City. SITE SELECTION & SITE PLAN The selection of the location is necessary in order to provide a site plan. Adler shall work with the City to identify the property and develop a site plan that meets all of the City's requirements, In addition to the three proposed locations identified below - Marlin Stadium Location (Option 1), Overtown Lyric Theater Location (Option 2), Link at Douglas Station Location (Option 3, an Adler Group development) - Adler would welcome the opportunity to develop the Building on another privately -owned or City -owned site. Option 1— Marlin Stadium Location Accessibility to 836: 1610 NW 6th Street, Miami, Florida 33125 1680 NW 5th Street, Miami, Florida 33125 idaiSPwr FOLIO: 01-4102-005-5810 FOLIO: 01-4102-005-6850 N w 6'rH Si. ADLER GROUP 8 NEXUS �Tq��T�� m��~��U x��,�^�~� m��_�� CENTRAL x�� Option 2—UvertownLyric Theater Location immediately accessible to 1-95, the Lyric Ovcr\own Aboard Florida Miami 3!a6nn: ~� 157 NVV8 Street, Miami, Florida 33136 ~� 153 NW 8 Steet, Miami' Florida 33136 ~� 8llNVVICourt, Miami, Florida 33l36 ^� 823NVVJAvenue, Miami, Florida 33l36 821NVV1[ourt, Miami, Florida ]3136 U25NVVICourt, Miami, Florida 3]13G 826NVV1 Court, Miami, Florida 33130 �} 829NVVICourt, Miami, Florida 33136 **o 830NVV1Court, Miami, Florida 33136 **e 835NVVlCourt, Miami, Ror�da33l36 **.* 847NVVlCourt, Miami, Oorida33136 K4e\rowi| Station, and the soon to be comp|eied Ni '! : luh FOL10i01O104(]50-1010 F0L|O�Ol'01C8'08]'l23O FOL|O:O1-0103-050-l231 F0L|0:Ol'0103'060'I18O FOL0:O1-01O3'O60'I17O FOL0:O1'O1O3'O6O'l14O FDL0:O1'O1O3'OOO'1120 FOLIO: 01'0103-060'11I0 FOL|0�O1'01O3-060'lO60 FOL|U:OI-OlO3'O6O'1O8O FUL|O:0l-0l03-06O-lO2O _ ADLER GROUP 91Pm0e NEXUS RIVERSIDE CENTRAL Option 3 — Link at Douglas Station. Location Immediately accessible to the Douglas Road Metrorail Statin and US-1: •:.• Vacant Land / Park Area FOLIO: 01-4120-068-0020 3060 SW 37 Court, Miami, Florida 33146 FOLIO: 01-4120-068-0010 /4,,NiklneRp. ve*..40• Conceptual Plans for Building Conceptual interior floor plans for the ground floor and Public Zone. Final approved design shall be completed in collaboration with the City and meet all stipulations required by the RFP. , 04 orA 014 4.07,0 lege " /AlvtiP r *If* 010- • ADLER GROUP. 10 1 P a ,g NEXUS RIVERSIDE CENTRAL Conceptual interior floor plans including furniture layout for a typical office floor in the Department Zone. Final approved design shall be completed in collaboration with the City and meet ali stipulations required by the RFP. r2c. Er 4 10 • MJ T onic E LAra)ul h A r RPL'41 SPA,CL ADLER GROUP 11 'Page Conceptual parking plans shall meet the parking requirements as stipulated in the RFP, «• Furniture, Fixtures and Equipment (FF&E) specifications must be chosen in collaboration with the City and the design team. All requirements stipulated shall be met. The Building shall be designed and built to achieve a minimum LIED Silver rating. o See Exhibit A — LEED Scorecard On conjunction with the City, Adler shall comply with and meet all of the REP requirements to fulfill the needs of the City departments that will occupy the Building. We intend to meet the requirements of the RFP listed below, while utilizing best building practices and innovative design and engineering: 1. The BUILDING will comprise approxirnately 375,000 gross square feet, plus 1,200 parking spaces, which may be increased or decreased by the City. 2. A to -be -built facility that meets all the functional and technical requirements of the RFP. 3. The base building shall be of sound and solid construction with facades of stone, glass, steel or other permanent materials. The building design shall reflect the dignity and public service nature of its governmental functions; it will appear welcoming to visitors and its architectural design shall fit contextually in its immediate surroundings as they currently exist or as city development plans contemplate. 4. Finished ceiling heights on typical office floors shall be no less than 9 feet. Finished ceiling height on the ground floor shall be a greater height; the public hearing room shall have a ceiling height of no less than 12 feet. ADLER GROUP 12 I 5. In order to maximize flexibility of workspace layout, spacing of any columns in workspace areas shall be 30 feet on center. Perimeter columns shall be spaced no less than 20 feet on center. 6, The building shall meet all requirements of the Miami 21 zoning code for the transect zone in which it is located. However, in no event will parking capacity be reduced below the minimum number of spaces required in section B. 7. The building shall meet all requirements of the Florida Building Code, including the provisions for High Velocity Hurricane Zones that are incorporated by reference into the Miami -Dade County Building Code. S. The building shall be designed to attain a Silver rating in the LEED accreditation system administered by the U.S. The City will be provided an updated scorecard at the issuance of drawings at each major design phase. 9. Building floors shall support a Rive road of no less than 100 pounds per square foot except for areas designated for high density storage which will require a higher live load. 10. The building facades and interiors shall be designed to maximize the amount of natural daylight available to light the regularly occupied spaces (public spaces, offices, workstations and meeting areas, etc.). Ninety percent of the regularly occupied square footage should have access to an exterior view from a seated height. 11. The Building, roof shall have an SRI value of 79 or greater for 75% of the roof area. As an alternate to light colored paving the project may provide a green roof, Fifty percent of ground level paving shall have an SRV of 29 or greater or should be located under shade. 12, The building shall have redundancy and be designed to operate for one week with an emergency generator and without externally furnished power and a fuel tank with a capacity of one week's fuel. 13. HVAC shall be a new, centrally distributed, four pipe VAV system or its equivalent. HVAC and the building design shall be coordinated to minimize non-renewable energy usage. HVAC controls shall permit differential settings in zones throughout the building, each of which shall comprise no more than 1,500 square feet, except on the ground floor which shall be zoned to fit major areas. 14. The mechanical system should also accommodate: a. MERV 13 filtration b. Separate exhaust and full height partitions are required for rooms storing chemicals (e.g., janitor`s closets, high volume copy centers, etc.) c. During the design process, project teams shall prepare an energy model as outlined in ASHRAE 90.1 2007.Appendix. The team will target a 20% reduction. d. The project shall meet the minimum indoor Air Quality Performance as outlined in Section 4-7 of ASHRAE 62.1 2007. 15. The project team shall include a Commissioning Agent, the scope of whose duties shall meet LEED Fundamental and Enhanced requirements. 16. Landscaping will use native species that can survive naturally in the Miami climate and shall consider storing rain water on site during the rainy season for use in the dry season. A sustainable strategy for addressing storm water quantity and quality will be provided in schematic design plans. 17. The Building will use low flow water fixtures throughout targeting a 35% reduction below the baseline established in LEEDv3 WEp1. 18. Elevators shall provide sufficient capacity that the building population at peak periods will experience maximum wait times of 30 seconds. For building population at peak periods, it will be assumed that 50% of the building population is utilizing the elevators in a 30 minute period. 19. The bottom of windows on typical office floors shall be no higher than 30 inches from the finished floor. Window lines shall offer maximum views outside and also utilize exterior or interior elements to reduce solar gain and glare on the most affected facades. ADLER GROUP 13 P n f e 20 The building shafl have, full Wi-Fi, including coverage on any outdoor plaza or terrace, rooftop and pubhcspaces 21- Building shall meet electric power requirements described inRFPAppendix. 22. Building shall meet lighting requirementsdescribed inRFPAppendix. 33. The BU|LD|N6wiU meetADAaccessibi|iLyrequirements. 24, SiQnaQevviU be posted communicating that smoking will not be allowed within 25' of all building mntrances'openings, o'air intakes. 25. The BUILDING shall belocated within aMiamiJ1T5orT6Zone. JG. The 8U|LD|NG shall be located within B mi|e of an existing or proposed commuter rail or rail transportation station and within Y4 mile of one or more existing busstops serving more than one bus|inc 27There shall he at least lO basic services whhinX mi|es of the main ent/ancle(s) of die BUILDING. This indodesservices like restaurants, grocery and convenience stores, f estaucant� banks, gyms, daycare, etc, Also within a Yz mi|* the site shall have residential u*bsei(k a densi4ufIO units per acre org,neater. This requirement is not intended to preclude siting the BU|LD|WG in a location in which its presence will catalyze surrounding retail, office, or residential development, ZQ|fsufficient food service is available within A mi|eof the 8UULD|WG's main eotmnce<s) to meet half the seating requirement of the emp|oyee cafeteria specified in section C,15, the BUILDING cafeteria maybe/educed byone-third ofits seating capacity. The cafeteria shou|d ha°e arcess0o anoutside seating area. 29� The BUILDING may be part of mixed -use development,- however the BUILDING itself will be a building or buildings occupied so|e|y byCity functions. 30. The BU|LD|NG requires parking as delineated below. if the parking is not provided in the same structure as other BUILDING programmatic requirements, the parking must be directly adjacent with a covered walkway to the BUILDING, a, "75 spaces clunnE weekday seiVce hours that are reserved for visitors to the BUILDING. The spaces will be directly adjacent to the public entrance of the BUILDING, and he connected byacovered walkway. b, 75 "nun'24 hour spaces" wiH be occupied byCity-ownedvehicles. These vehicles may be - used off -site during weekday working hours, but will be parked at the BUILDING' a1oLber rimes.They are shared amon&[�tyemployees, c. I'O5Oemp|oyeespaces will be occupied by pr|va1e|y-owned vehicles ofCity employees during weekday working hours, d A hardstandcar-vvashingstadonwirh room for lvehicles with hoses, water connections and drainage. e Five percert of the employee park0ig spaces shall be designated for Fuel Effident Vehicles. ]l Secure parking for bicycles will be provided per Miami21reQu\remen\o.Showers shall beprovided kor05% of the budding occupants, separate and apart from those provided in the Emergency Operations Center. 3I In interior workspace and public o,("ommonarea spaces, the design, maieria|sand finishes shall be comparable in quality to that of cc,)nternporary new or renovated buildings n the Miarni rTlarket offered to major )mgituhuna| or, corporate users for occupancy, 33 The RU|LD|NG shall include b@uc Furnit"ure' Fixtures and Equ#nuent (FF&E) for the following PrnBrammadcreqoinememts� aOffice furniture b� Workstation furniture c Conference furniture d. Training room furniture e. Pantry equipment and furniture ADLER GROUP 14|Paa NEXUS RIVERSIDE CENTRAL I t Pub|kcwa�tinQarea furniture 8� Exclusions include: i [ustoxm*mrb,tahons ii Monitors and mnnik`rarms iii Speda|tyequipmeot, ,large format scanners and printers iv. Copiers and printers v. Audio-visual screens 34. Thetypica|officeOoorshaUprovideaminimumof2lO0OUSFandprovdemaximumUexibi|ityin structure and layout. It is expected that orf�lanicationa| structure will change in the future and therefore the space will support rapid and inexpensive changeover to meet the needs of City functions inthe |on8e/term. 35. The typical floor will have a highe/p/oportion ofcnUabombon/meetinGseats to individual work sears than currently exists in the K8R[ to accommuclate increased meeting space needs. Conference rooms are to be sharec] among agencies and departments wherever possible, 36, 8ui(din8 shall meet size iud allocation gu�deUnes for floor support spaces, stated /n Appendix U.A. Each floor will have copy staduosand atleast one collaborative cafe 37, The BUILDING will include three wlnoomo 38, The 8uUdi"gvvi|| provide for freight elevator accessing all floors, 39. The Budding will provide a loading clock sufficient for the Building population an d functions, 40. Waste collection stations shall poovide receptacles for both "landfill" and "recycling", [oUection stations shall halve a minimum ofLh/ee consecutive bins toallow compost coUecdon to be added at later date. The building shall have sufficient space in the loading area tokeep waste streams separated until they are collected 41. The ground floor will provide a main pedestrian entrance into the lobby that in scale and design provides ndignified and welcome entry portal Clear and aUrachvesi8oaRe will he provided to guide visitors\odes\ina[ioos in the lobby and elsewhere in the BU|LDiWG A lO' walk off mat shaU be provided at all rriajor entranuzs to the exterior inc|ucling parking garage lobbies, 42' The8roundMuorvvN|provdeacommonwaidmga^eaeasUyidemtifiedandaccessib|efromthemain entrance. 43 Achacenttothegroundf|oo/waibnQarea'the/evviNheaspaicetoaccommodateasemicecountar, workstations and meeting tables for the use of employees of Planning and Zoning, Building Department arid Publlic Works -Survey to rneet with members of the public to resolve questions and issues cunce,nin8those functions, Theemp|oyees serving citizens in this area also have seats in their departments' spacee|sewhepc in the BU|LD|NG, 44, The building will utilize mcasu/es such as e|ectronicentry turnstiles, surveillance cameras, locked - off elevators and remote view entry doors to restrict entry to employee workareas, 45. In the Pubhc zone as shown in the stack it) Appendix H.A., there will be provided kitchen arid serving facilities and Counters and seating furaI60person cafeteria. 46. The Public zone will provide a public hear]nf.',, room of approximately 2,900 square feet including a ,aisedda)s. 47, The Public zone shall contain aCareer Couose|ingCenter. 48If the public hearing room, Career Counselinf,; Center and cafeteria are iocated above the first floor, a dedicated means of public access will be provided to them from the first floo/lobby separate arid apart from the elevators to employee areas. An esca|ator, stairs and dedicated ADA-comphant elevator are acceptable solutions, 49. The BUILDING will provide a fitness tadUiK with equipment and showers sufficient to accommodate 2Omenand 2Owomen atadme. "The fitness facility can beooany floor ADLER GROUP 15 1Pa�e 50. The BUILDING will contain an Emergency Operations Center (EOC) that may be on the ground or 2nd floor. The EOC must house 100 emergency managers in a collaborative setting and capable of supporting 40 occupants in overnight facilities, including showers and a galley. 51. If the project entails exterior work the contractor should develop and follow a storm water Impact Plan (SWIP) to keep construction debris and dust from contaminating the surroundings. 52. The project will divert 75% of construction waste from the landfill, Tipping receipts and a log shall be provided at the time of each payment application to show the current percent diverted for the Partnership's approval. 53. The project will source materials locally when possible. The project shall be constructed with at least 20% of the total material value going towards recycled content. Material receipts and a log shall be provided at the time of each payment application to show the current percent of materials sourced from recycled content and the percent of regional material for the Partnership's approval. 54. The project shall use low VOC adhesives, sealants, paints, coatings, composite wood products and flooring systems. The VOC limits shall be drawn from the LEEDv3 rating system. The contractor shall develop an on -site indoor Air Quality Management Plan to prevent mold growth and debris from entering the mechanical system during construction. 411114,. d 04,1 10111001 )00 Nr1:tlrewrwv"^vo"AVI^,mnrr, iR41p��"n NINO tog Ji afArgl ADLER GROUP 16 P a 11,1‘1111 01,00111111111111110 11111111111111 111111IIIIIIII 0 unn„un unnuun 111111111111111111111111111111111111111110000000000l00000000000 10 000 00 0 LI0 us o .111 1)41)4141)1„„„ ,'"':11011111111011010 000010 01100 11111111111111111111111111111111111111111 NEXUS RIVERSIDE CENTRAL 11111111111 014111 11 1 1 I 0000000000oloolooloop00000000000000000000000000000000000000000doolo 00001 1111 1111111111111111111111 000000000000000110001110000011011111100 111111111111111111111111 1111100010111:011111111110.011011 1000001101111111111.000 11111111111111111111111111111111 11111 1111111111111111111111,001000110 111111111 I 111111N11 111111111 11000000000.01010.1.111.00i 11,111111111111111111111111111111ililili111111111111 „ unund,',00.!,1011111111111110u 1111'411111111111111111111111111111111111111111111111111111111111111111?111111100000000?„'„V„V„?„1110011„,„,„,1,111000000000 110110,01,0 I / 11, lulu ,,, 111111111100, 001 4000)40yi 00010110000011111111000100010 11,1111111 1,1,1,1,1,1,1,1,11111111111111111111111111111111111111111111111111111111111111111111111111111101111111111111111111/11111111,111 11111111111m in 010.11110 010 Ho 00111110.111111111000001111:111:01 „„„„1„11111111111111111111111111111111111111111111111111111111110,1,1,1,111111111111111111111111111,1„,„„„„,„„„„„„„„„„ „ , „, 111111111 gn ........111111111111111111111.1010 III 1111111111111111111111111111111 111110 0 0 11 1111 0 0 1 111111111 0000 0000 0111110001111111111111111111111111111111111111111111d11111111111111111111111111111111111111111111111111111111 111111111001111111111111111111111111111111111 1 1 1 1 0 1 1 1 0 0 0 0 1 0 1101111111111111?1?I'l "" u,,111110 10 0 /16 morve gem w0000,,proveromm0 111111,10. „'rn jr ,f:11:11ool )4' „1,111 1110000m101,11.10000.11111111101111111110ovv.,1111.1.,,.y,y.11111100111"Iv 111,11 Invono,loolop 11111111111111r,v11)111111 11111111110.11, ADLER GROUP 17 Nexus Riverside Central Project Plan and Description The Nexus Riverside Central development achieves the highest and best use of the current MRC site within the shortest feasible timeframe through a mixed -use development approach. The iconic design of each element will demonstrate the excellence, creativity, and innovation that the NRC project embodies. Innovation in both architecture and layout design define NRC, and will set this project apart from other mixed -use developments NRC will serve as a vibrant destination that will attract community residents, as well as visitors, via the integrated Riverwalk.. NRC will complement and harmonize with the existing community and neighboring developments, and integrate effectively with the planned developments in the surrounding area. This innovative Riverwalk-centric development offers a public/private program which accommodates a variety of vibrant and diverse uses. Designed for development in two phases, NRC creates an animated atmosphere for residents and visitors alike with programmatic uses including retail, residential dwellings, hotel, public open space, and Riverwalk connectivity. The Riverwalk is integral to the development design and serves as the central core from which the other program elements radiate. Phase I Nexus Riverside Lancelot Miami River LLC owned property currently under development of a 36-story tower consisting of 462 multifamily units and 7,000 square feet of retail. Phase II — Nexus Riverside Central During the 3 year MRC office building lease the development team will begin the design and permit process for the 150 key hotel facing the Miami River, 450 units of multifamily rentals in a 36-story tower, and 1.0,000 sf of retail. It is anticipated that construction of Phase II shall commence immediately following the City of Miami vacating the existing office building. It is estimated to take approximately 28 months from ground breaking to certificate of occupancy, followed by an 18 month lease -up period to stabilization. The proposer requests the use of office space (approximately 1,000 SF) within the MRC office building, during the lease term, so as to facilitate and oversee the various tasks of the Building's development. Phase III — Nexus Riverside Central It is anticipated that design and permitting work shall commence on Phase III during the construction of Phase II. Phase III shall consist of a 36-story tower with 450 multifamily rental units with 10,000 sf of retail. It is anticipated that construction of Phase III shall commence immediately following the completion of Phase II. It Is estimated to take approximately 28 months from ground breaking to certificate of occupancy, followed by an 18 month lease -up period to stabilization. Adler shall design and construct NRC in a way that promotes environmental quality, economic vitality, and creates an environment that aspires to provide the highest possible level of operational efficiency. This shall be accomplished through energy, water, and materials efficiency that provide a healthy, productive, andl comfortable park environment with long-term benefits. Adler will work toward incorporating, in both the design and construction, the requirements for the project to obtain a LEED silver rating (or equivalent designation such as Florida Green Building Coalition). The design is based on the Federal Leadership in High Performance and Sustainable Buildings Memorandum of Understanding five Guiding Principles, which are: employing integrated design, optimizing energy performance, protecting and conserving water, enhancing indoor environmental quality, and reducing the environmental impact of materials. ADLER GROUP 18 1 6' 444, 11'1 """,v1 411,i111"011 OjkiWal,EgaNgeKtil,140, )04-ris trf„i7k „, 1,11R114,d'61:11i1,1, 111,11,11 1111111111100 ANDEL ADLER GROUP 4110' ,,A14h4r, 11-"11111111111111,1i, 111101111M1"01111111'""9,v,,,,, 11,1111P1114",,1-111i , " ' 444,44,iroei,torre Wologaried‘060,kgradmirEaditraiwaddimaiga,,iiik,,,,,,,,, 0)04o4p 44f "11' 1111111111111111110106111rAf111901111iL1,I, 00000,0,0„ ,,,"",,,,,"011,01101101000,1),11,111,1110,0000,110,0,00. ill'I'1101111111111111 w1,1(ip r1,1}, )011' 114 )" ,,e1„onn11 1,i1„ 011,11,1f,, 11, 11111111, rttr11"Wrr,01', 11' 1111,111"111 ,11,,, 1,1,"01"qlfp,u" ", uo,0,1,111,111,1111,111111„,:11111,,11111111,,„ , s„,,„,171111,:,,11'11111',1:4 , 6,,,11111111111, 19 P NEXUS RIVERSIDE CENTRAL pKOJ[C" F/8E 0PN1FNTSCl3I [E The identification and selection of a new office building for the City of Miami will begin July 2016. Construction commencement is ant�ipated to begin in June 2018 with a completion in January 2020. City of Miami Office Building Schedule DURATION START FINISH SITE SELECTION Identify and Select Location Negotiate, Perform Due Diligence, and Close oothe Land ENTITLEMENTS PHASE (Concurrent with S0Phase) Engagement ofArchitect and Engineers � Preparation ofPreliminary Design byDesign Team Submittal ofWaiver Application Submittal ofVQRBApplication UDKBHeahmg Approval ofWaiver Application b*Planning Final Approval of DESIGN DEVELOPMENT Schematic Design Phase S0WDesign Development Working Time 1OOY6Design Development submittal Owner's Design Development Review 1UO%DID - Owner review and Cost Estimate ofU0Phase lDO%DU Value Engineering Workshop 10J96DID ' Owner approval ofDID final submittal CONSTRUCTION DOCUMENTS 301.6 Construction Documents Time 80%` /yGMP Documents Owner's GK8Pand Construction Documents Review/ Approvals ' Owner approval: GMPEstablished �18O%CDs/ Master Permit Documents PERMITTING PROCESS Main Building Full Building Permit Submit Building Permit City otMiami Processes Delivery ofMaster Building Permit CONSTRUCTION PHASE Notice ofCommencement Mobilization (Contractor) .� Bu0dingGonstmmclioa Substantial Completion f 24 9/1/2016 12 9/1/2016 12 11/24/2016 28 116 O 1 16 1 16 2 3/16/Z017 ' 2 3/30/2027 ' 4 4/13/2017 ` 2 5/11/2017 2 5/25/2017 24 6/8/2017 10 6/8/I0I7 5 8/17/2017 5 9/21/2017 1 10/26/2017 1 11/2/2017 1 I1/9/2017 l 11/16/3017 12 11/23/2017 '.6 11/23/2017 [) � `1/4/2018 G 1/4/2018 0 J� '-_1- 'n'. '2/I5/I018 16 2/15/2018 8 2/15/2018 0 4/12/2018 8 4/1I/I018 O 6/7/IO1Q 06 6/7/2018 �0 6/7/2018 ^2 6/7/2018' 84 6/21/2018 2/16/2D17 I1/24/3O1G 2/16/2O17 6/0/2O17 1l/24/2O16 ]/16/2O17 ]/]0/2017 � 4/l3/2Q17 5/11/207 5/25/2017 6/8/2U17 11/23/2O17 8/17/IO17 9/ZI/ZO17 1Q/I6/ZO17 11/2/2Ol7 Il/9/2Ul7 1I/16/2O17 11/J3/2O17 2/15/2otN I018 1/u/2 2/15/2018 2/15/2D18 2/15/2018 6/7/2018 4/12/J 18 4/1Z/201U G/7/2O18 6/7/2O18 2/30/2020 6/712,018 6/21/2O18` 1/30/2020 . `-_,-_-- TOTAL .. `, � `.--' ' -'--__ -~_°_---' -`3-'-0_0 ADLER GROUP 201Pa8e NEXUS RIVERSIDE CENTRAL If 4fri Nexus Riverside Central Phase III design start date is scheduled for July 2018. Construction is slated to begin, in November 2019 and construction completed by March 2.02.2. Phase II - Nexus Riverside Central Schedule TASK DETAIL DURATION WEEKS} START FINISH ENTITLEMENTS PHASE (Concurrent with SD Phase) Engagement of Architect and Engineers City of Miami Entitlements Preparation of Preliminary Design by Design Team Submittal of Waiver Application Submittal of UDRB Application UDRB Hearing Approval of Waiver Application by Planning Final Approval of Waiver DE GN DEVELOPMENT 50% Design Development Working Time 100% Design Development submittal Owner's Design Development Review 100% DD - Owner review and Cost Estimate of DD Phase 100% 00 - Value Engineering Workshop 100% 00 - Owner approval of DD final submittal CONSTRUCTION DOCUMENTS 30% Construction Documents Working Time 80% CD / GMP Documents Owner's GMP and Construction Documents Review / Approvals Owner approval: GMP Established 100% CDs / Master Permit Documents PERMITTING PROCESS Main Building Full Building Permit Submit Building Permit City of Miami Processes Delivery of Master Building Permit CONSTRUCTION PHASE Notice of Commencement Mobilization (Contractor) Budding Construction Substantial Completion (Certificate of Occupancy) Lease -up Period to Stabilization 24 1/15/2019 2. 1/1/2019 24 1/15/.2.019 4 1/15/2.019 4 2/12/2.019 4 3/12/2019 4 4/9/2019 4 5/7/2019 4 6/4/2.01.9 16 7/212.019 4 7/2/2019 4 7/30/2019 2 8/27/2019 9/10/2019 2 9/24/2019 2 10/8/2019 1.5 10/22/2019 7 10/22/2019 0 12/10/2019, 8 12/10/2019 0 2/4/2020 0 2/4/2020 12 2/4/2020 6 2/4/2020 0 3/17/2020 6 3/17/2020 0 4/28/2020 204 4/28/2020 0 4/2.8/2020 4 4/28/2020 120 5/26/2020 0 9/1.3/2022 80 9/13/2022 7/2/2019 1/15/2019 7/2/2019 2/12/2019 3/12/2019 4/9/2019 5/7/2019 6/4/2019 7/2/2019 10/22/2019 7/30/2019 8/27/2019 9/10/2019 9/24/2019 10/8/2019 10/22/2019 2/4/2020 12/10/2019 12/10/2019 2/4/2020 2/4/2020 2/4/2020 4/28/2020 3/17/2020 3/17/2020 4/28/2020 4/28/2020 3/26/2024 4/28/2020 5/26/2020 9/13/2022 9/13/2022 3/26/2024 TOTAL PROJECT 273 1/1/2019 3/26/2024 ADLER GROUP ��~�N�� CENTRAL on�� m~�� "��x� u �� Nexus Riverside Central Phase U|designstart date is scheduled for July 20Z0.Construction isslated to begin inNovember 2O21and construction completed byMarch 2O24. Phase III -Nexus Riverside Central Schedule TASK DETAIL DURATION -— START FINISH (WEEKS) = ENTITLEMENTS PHASE (Concurrent with 80Phase) Engagement ofArchitect and Engineers City ufMiami Entitlements Preparation ufPreliminary Design byDesign Team Submittal ufWaiver Application Submittal ofUDRBApplication UDRBHemring Approval ofWaiver Application by Planning Final Approval ofWaiver DESIGN DEVELOPMENT 60% Design Development Working Time 1O0:% Design Development submittal Owner's Design Development Review 1 DD-Om/ errevienvand[qstGstimateofDOPhage . 10096DQ_ Value Engineering W.rkshop 1QQ%oQ-Owner approval ofDOfinal submittal � CONSTRUCTION DOCUMENTS 3O%Construction Documents Working Time A0%CD/GN1PDocuments Owner's GK8Pand Construction Documents Review/Approva|s Owner approval. GKHPEstablished 1OOY6CDs /Master Permit Documents �PpR8A[rrNG PROCESS � Main Building Full Building Permit Submit Building Permit ' City ofMiami /Processes Delivery — De��ryc�KUas�orBuUd��P�rn�t CONSTRUCTION PHASE Notice ofCommencement Mobilization (Contractor) BuMimRCoostrucdun Substantial Completion (Certificate ofOccupancy) Lease -up Period toStabilization 24 4 4 4 4 4 4 16 4 ' 4 Z ' 2 '2 ' � %! is 7 24 7/15/202I 7/15/2U21 7/15/2O21 8/12/2021 9/9/2U21 10/7/20I1 11/4/ZU31 1J/I/Z0I1 12/3.202% 1,2/30/2021 1/27/IO2,2 � ./'2°/2v22 3/1U/2O22' � 3/24/2022 4//2022 4/21/3022 4/21/2022 U 6/9/IO23 O 6/9/ZO2I O O/4/IU2I O 8/4/2OI2 12 2� ' -' � �6 ' 8/4/2022 <0 9/15/2022 ' '^ ' (6 �� 9/15/2022 0 10/37/2022 204 10/27/2023 O 10/27/20I2 4 I0/27/2022 120 11/24/2022 0 3/13/2025 80 3/I3/2825 11 7/1S/IO21 12/3D/20Z1 Q/12/Z0I1 9/9/ZDZ2 1O/7/2O21 11/4/Z0Zl 13/Z/ZOZ1 12/30/2OI1 1/2023 `1 !.282 ' '2/202Z 3/1O/2022 24/2022 4/7/2022 3/4/21/2022 8/4/2022 6/9/ZO2Z 6/9/2O2I 0/4/28Z2 Q/4/2O22 8/4/2Q22 10/27/2022 9v15/2w22 3 .~2 9/24/2026 1Q/27/2U22 11/24/ZOI2 3/13/2025 ]/13/2DZS 9/Z4/Z835 TOlA . PROJECT ADLER GROUP 22|Pae IAIRK T & E(:oN().lII(' I E ASIII11ATY The Miami CBD is currently in the midst of a new renaissance of development. Numerous large scale residential and mixed use projects are under construction in Downtown and Brickell, signifying a complete turnaround from the 2008 housing downturn, While the current development pipelr,ne is sizeable, it is important to note that the residential inventory under development remains far below the 22,000+ condominium units that were constructed during the last cycle from 2007 to 2009, all of which have been fully absorbed by the market. Number of Units Miami -Dade County Condorninium Sales Price Above $1i4rfiicn 2012 2013 2014 Miami's urban hub is also expanding its boundaries as developers push to the north and west with acquisitions in areas such as Edgewater, Midtown, Wynwood, and the Miami River Neighborhood. Unit prices in well located luxury communities with top tier views, such as the riverfront Epic and the One Thousand Museum tower to be built across from Museum Park, are among the highest in South Florida. Prime new construction condominium units in Downtown Miarni and Brickell sell in excess of $1,000 per square foot with even older and less luxurious units trading hands at pricing that exceeds $600 per square foot. Nonetheless, Miami remains a bargain in relation to comparable global cities, with the lowest per square foot pricing for luxury residential product among Christie's International Real Estate top ten markets index. The Miami renter is quickly beginning to realize the benefits of apartment living over renting from third party condominium owners. The Miami core, which has been plagued by a dearth of Class -A apartment supply, is beginning to shift fundamentals with the delivery of full -service apartment buildings aimed towards the millennial renter. The Downtown Miami and Brickell's Class -A apartment properties, which are still significantly under -supplied, command a significant premium over the peer condominium supply. In addition to the peace of mind offered from professionally managed units from an on -site 24-hour staff, these apartment buildings generally offer amenities that are far superior to condominium rentals. Local . market economics support a for - rent market rate apartment strategy for Nexus Riverside Central as demand for residential properties in Miami's urban core continues to accelerate. The wave of residential development in. Downtown Miami and Brickell over the past ten years has transformed the neighborhood into a dense, urban live -and -work environment with international appeal, attracting an Year MU CBD RESIDENTIAL Avergo Rant RENTAL RATES C'urneelafive Rent Growth 2015 $2,916 49% 2014 $2,429 24% 2013 $2,405 23% 2012 $2,263 16©% 2011 $ 2, 015 3° 2010 $1,959 -- e Dowel() Dive/opment Auihonty energetic mix of residents from young professionals to international business executives to empty -nesters.. ADLER GROUP 23 I P a„e NEIGHBORHOOD DEVELOPMENTS & ATTRACTIONS Riverside Wharf (0.15 miles from Nexus Riverside Central) The recently approved $30 million waterfront redevelopment. of Riverside Wharf will be a mecca for dining and entertainment along the Miami River. The plans for the project are to construct a 58,000 square foot night life and dining hub to include four restaurants, a fish market, and boat slips on the north bank of the river, just west of Interstate 95. With over 60% of the combined area being open space, the project is characterized by its openness, consisting of three plazas and breezeway entries providing water views and promenades creating the wharf along the Miami River. I r��dt�'�oWki Flagler Street Revitalization (0.3 miles from Nexus Riverside Central) Since the Miami -Dade County commissioners unanimously approved funding for nearly half of the $13 million Flagler Street improvement plan in July 2014, developers have been actively purchasing and assembling properties in downtown Miami. The original redevelopment plan called for expanding and straightening sidewalks, adding trees, benches, and bicycle racks. Molshe Mana, the New York developer, has assembled 31 properties and 805,500 square feet on or near Flagler Street in Downtown Miami. Mana intends to infuse Miami's urban core with arts, culture, and an elegance unknown since the '20s real estate boom according to a spokesperson of Mana's firm. Plans include renovating existing 1.920s buildings into a true lifestyle retail and entertainment destination. One River Point (<0..4 miles from Nexus Riverside Central) Designed by famed architect Rafael Vinoly, this dual -tower luxury condominium its targeted to open along the Miami River in 2019. Each tower will be comprised of 193 units crafted by award -winning interior designer Mimi Tessier. The extensive list of amenities include biometric security access, a floating four-story podium with an 85-foot cascading waterfall, infinity pool, boat valet services, atmospheric lighting, on -site vault, automated parking, and an unparalleled private 35,000-square foot Sky Club located on the three-story sky bridge. Located 2 blocks to the east of the Property. River Yacht Club (1/4 miles from Nexus Riverside Central) Miami's newest 'members only' yacht club, which opened in March 2016, offers varying membership levels starting at $1,200/year for social members ranging to $4,800/year for boating members with complimentary dockage for yachts of up to 80 feet. ADLER GROUP 24 Page Revitalization of Jose Marti Park (1/4 miles from Nexus Riverside Central) A proposed $21M redevelopment that links the pedestrian friendly Miami Riverside with the Brickell Financial District — increasing mobility and bridging the small geographical divide between the Miami River Neighborhood and the Brickell Financial District. Brickell City Centre (1/2 miles from Nexus Riverside Central) Located less than a half -mile from the Project, Bricked( City Centre is a $1B mixed -use development spanning nine acres and six bllocks in Miami's Brickell Financial District. The development will include 5.4 million square feet of office, residential, hotel, retail, and entertainment space, in addition to a two -level underground parking garage that spans seven acres below the property. The project has created over 1,700 construction jobs and 6,2.00 direct and indirect jobs that will be in place through completion. Miami Central —All Aboard Florida's Miami Station (1/2 miles from Nexus Riverside Central) All Aboard Florida is a privately funded rail proposal that will provide express rail service from Orlando to Miami. The project's southern terminal will be completed in Downtown Miami, with current plans calling for 1.5 million square feet of office space, 785 residences, 820 hotel rooms, and 450,000 square feet of retail in the station complex. Future Home of Miami's Major League Soccer (MLS) Club (<1.0 miles from Nexus Riverside Central) David Beckham and investors have purchased private land for a new 25,000 seat soccer stadium in the Overtown area of Downtown Miami for their Major League Soccer (MLS) franchise. The land is hhocated north of the Miami River, within walking distance of Nexus Riverside, in western Overtown, bounded by NW 8th Street to the north and 6th Street to the south. Little Havana Famed developer Chetrit Group and partner Ari Pearl have plans to build a $1B mixeduse project on a 10 acre site in a large section of Little Havana llocated directly across the river from Nexus Riverside Central. The complex, desFgned by architect Kobi Karp, would be comprised of four towers, 1,678 residential units, a 330-room hotel, 196,882 square feet of retail space, 98,040 square feet of office space, and a 30-slip marina. ia�a t mw PI " v ,t i�ireN A ii ii ii Mir „ Nd y 4ul lil ire o �� riry i4 y��r p i'Yi uli ��;�d�fi �bj li'W�V,�lrl �wtiIlh�u��ll�lpluyUIN i „e.�„��„�9�.),�'; ..✓,. ,, i�Vl (III ADLER GROUP 25 I p ,, NEXUS RIVERSIDE CENTRAL ADL R GROUP \r\y I � trom s� \ 26P NEXUS RIVERSIDE CENTRAL ). ' ,,,e,,;a181ULAVA& LLH4L.L.L.C.gi 2 .<4 2 ADLER GROUP 271 PaBH NEXUS ��y�� U w��'�~� ��~��'�� CENTRAL ��m_ FINANCIAL pl"X"N & CAPA(0[N' Nexus Riverside Central sproposed asatwo phase devebpmeruprogram prevmuslyreferred ioasPhase U & Ui A one and a half year predeve|opment and planning phase, cnmmendng in July 2018, with construction beginning in November2OIQ. Each asset within each phase will be financed mdividuaUyThe Nexus Riverside Central hoaoda| plan assumes the use of construction as well as pe/m*nentf\oanc|ngfor each phase of cuns(ruct|on. Please see below for- the financing summary by phase. Phase H Financing Construction Financing Hard, Soft, & Contribution Costs Rate(|/Q) Fees Loan Proceeds Assumptions 65.00% 4.00% I.S0% 107,945,'483 pennanentFinam6nF, LaaintmValue (LTV) 70.00% NO|Stabilized Year 12,213,202 ExhVailuc 210,816,I89 Loan Proceeds 147,571,332 Rate 4.0094 Amortization 25 Fees 1.50% Phase /it Financing Construction Financing Hard, Soft, & Contribution Costs Kate(1l/O) Fees Loan Proceeds Assumptions 70.00% 4M% 1,50% 103,273'345 Permanent Financing Loan toValue (LTV) 70,00% NO|StabiNzedYear I0,I17,346 EuiitVa|ue I90,693,298 Loan Proceeds 133,485,309 Kate 4.80% Amortization 25 Fees 1.5096 Nexus Riverside [entny| wiU he built over Iwo phases and wiU feature three as"sc1 use, types; rcsdent�a[ re(ai[ and hotel, N Phase U' hotel, residential, and retail deve|opmentisproposed, In phase U|' resident4 and retail development is proposed. Ac/uo aU phases' the development team has proposed 850,000 rentable square feet ofresidrnhai 70,000 rentable square feet c,f,etaH' and 63'007 hotel square feet. Please reference the table below foi the phased overview of the Nexus Rivei side Central development plan Nexus Riverside Central - Phased Plan byUse JFloor ]�*�� ' 'Phase UnitsArea — Residential Retail Hotel D TOTAL oe U U 450 600000 85% 425,000 — 11,111 90% 10,000 150 85,000 74% 63,000 9�00 1,0001,08 85% 850,00 N/A 22,222 90% 20k000 �5� �S,000 74�� G]/0OD - --------............ 1,052 1,107,222 84Y6 933,000 Operab nf,?, assurn ptions for the resident ial, i eta il, and hotel components of the project were der ived based on1heevJ|uahnDthocunentmarke1onvirunmen1acrnsscomparab|epropertios, ADLER GROUP Revenue Assumptions Onthe residential deve/opment, starting /esideniia|rentsof$7G5/sfisassumed based onmnevaluation of compar able market rates, On the retail deve|upmenL starting retail rents ufS35/sfis assumed, and on the hotel development, $161 in average daily room /evenue is assumed (includes room rates as well as other incorne). All operating revenue aSSUMptiOrIS aSSUrrie growth rates of 3% annually. Expense Assumptions On the rcsidcoiiu| development, operating nupensex are assumed at $9,500/wnit based on current comparable ma/ketdata, Oothe naai|deve|opmeot, leases are assome6to, be, NNN |eases, with retail loss facto' of 5f6� On the hote| development, an ope,at|n8 margin of 33% is assumed (gross of rent payments> All operating expenses are assumed togrow at 3%annuaUy Key Operatiriig'Assumptions - Residential Revenue Growth Expense Growth Starting Residential Rents Starting Residential C]pex(PUPY) Exit Sai|eCosts Key Operating Assumptions - Retail - — Revenue Growth Expense Growth Starting Retail Rent(NNN) Retail Loss, Factor (of EG|) Exit Sale Costs Key Operating Assumptions - Hotel Revenue Growth Expense Growth Starting Hotel ADM (Inc. other Rev Hotel Margin Exit Sale Costs Construction Costs Hord construction costs and soft costs are defined be|uvv for each asset type. Construction cost assumptions are based on current construction market rates and projected at 3% annual growth rates. Construction Costs - Residential Starting Hard Costs PSF Soft Costs as%ofHard Costs 240 � Construction Costs _Retail Starting Hard Costs P,SF Soft Costs as%of Hard Costs 240 25% Construction Costs - Hotel � Starting Hard Costs PSF Soft Costs as % of Hard Costs ADLER GROUP ]91Pa�e Value Proposal tothe City ofMiami l. Upfront Payment — Upon the "Notice to Proceed", Proposer shall pay the County S1'500'000 as an upfront and immediate payment. 2. MRC BuilclinR Rent — The Cd:y of Miami shall enter into a three year lease, with two (2) 1-year extension options, for the IVRC building, at $4.875MK{ per year net ofall expenses, including but not limited to real estate taxes, insurance, utilities, maintenance' and operating expenses. This is the equiva|entot approximate|y$25 per square foot (PSF) triple net (NNN) for the 194'679squae hoot office building and exclusive use of the existing 179.982 square foot parking garage, Payment of the $4,875 million per year shall bemade asorent credit for the proposed ground lease. 3. Additional Rent— Upon the City of Miami vacating the office building, Proposer shall pay $1'500'000 per year for S years. providing the City of Miami o guaranteed income. 4. Participation Rent — Payment of participation rent of 3Y& of gross revenue generated by the development in accordance with the terms of the resulting agreement. Via Par\idpahoo rent, the [ih/ mhU accrue 3% of all gross project revenues, In the first stabilized year of the project, this equates to upwards of �1,200,000 per year that is expected to grow on average at 3% per year. Total Value Accrual tothe City qfMiami Over the term ofa9D'yearlease, total |easepaymentswuu|damountto$394'800889.|heva|ueof these cash flows at a 4Y6discount rate yields ^ present value of total lease payments of$7l537'8)8. ,Full Value of Groun'd Lease Lease Termination Date Annual Growth Rate Discount Rate Applied Total Lease Payments PV Total Lease Payments Average Rent Payment: First 6tabiNzedYear First Five Stabilized Years First Ten Stabilized Years Full Lease Term 1Z/31/2lO5 I00% 4.0]% 334,800J88970,532,828 1,212'196 1,Z87'142 1,389,646 4,756,257 Rent Payment Summary -,' Up -Front Payment K0RCBuilding Rent Additional Rent Participation Y6Gross Revenue 1,500,000 14,625,000 7,500,000 3.0% Global Project Overview Below isthe global financial overview nfthe Nexus Riverside Central development program across both development phases. The puojectwiU develop 933,000 of rentable square feet nfresidential, retail, and hotel uses. Total costs for the program, including minimum rent payments, pre -development costs, hard costs, and soft costs tota|approximately $3l3'0O0OOO. Pae dnOki9 ):1310V NEXUS RNE—R-SIDE CENTRAL_ - WNW 10 TEAR VALUE TO COMITY StMONANY Phase I Mane N Tel at a tlyfrom Payment tot* e.r 5 w -51Pktli Total Value to Citunty First 10 Years $21125M° Tat* Pent Payments January=17 Jonwry-18 January-19 farwary-20 January-21 Year 0 Year 1 Year 2 Year 3 Year 4 4678= 4675= 4675= formyty-22 Year 5 fammm23 Year 6 January-24 Year 7 January-25 Year 8 January-26 tarmary-27 Year 9 Year 10 3887s8 697663 718,199 4484N8.3. 768514 221,3-.5 414803 685988 338,154 697,861 847644 1,212,396 1;254' 561 1,500 = 1.5M--545= 1330,00 i33000C 4,815= 4615= 4675.= 1500,300 I,500000 1,3=4010 1,== 1,5484.= 4,879,4618101 4,815,4,1 1608/.9 1=30C 1,831,768 2691863 2642,844 1,112,196 1,248,581 Piens Celan:4 PPojett Oveiview Type 13tpitp Units FI4 Ame Faetc RSF ell Stabilized GI Ren Total CzeA Corgi:nutty % NOI Poyiriellt Residentlai Petal! 450 500603 85% 425,30C 131,26,6,750 11,111 40% 10,300 3,188700 C 55303 745% '.pesideriaj .493 79.V:...WPI 4598 44CIP 30,32 Retell 11 11,1441 t5A. 10,000 3.2* 95% 9,928,313 459,922 95% 856,18-6 11,911 78% 2,637,503 246646-6 Residential Retail Hotel 900 1,000,000 85% 850,000 282,587,443 4 22.222 9056 20,000 6.460,881 150 85,000 74% 63.000 23.680„000 20,154,475 743,357 2,637,503 933,642 24,179 246,966 Phase 11 Summary and Returns Residential Retail Hotel Total RSF Ground Lease Contribution Hard Costs Soft Costs Total Dev. Costs Unlevered Net Profit Unlevered XIRR Unlevered MOIC Stab. YOC Stab. Adj. YOC Levered Net Profit Levered IRR Levered MOIC 8.5.3% 2.0% 12.7% 425,000 10,000 63,000 100.0% 498,000 5,000,000 129,657,960 31,469,490 166,127,450 104,480,614 12% 1,62 7.8% 7.4% 71,341,051 21% 2,1 Phase III Summary and Returns Residential Retail Total RSF Ground Lease Contribution Hard Costs Soft Costs Total Dev. Costs Unlevered Net Profit Unlevered XIRR Unlevered Multiple Stabilized Yield on Cost Stab. Adj. YOC 97.7% 425,000 2.3% 10,000 100.0% 435,000 4,000,000 114,080,699 28,520,175 146,600,874 90,825,078 12% 1.63 7.2% 6.9% Levered Net Profit Levered IRR Levered Multiple 60,388,352 23% 2,2 ADLER GROUP 32 I P g: MRC Office Building — Project Costs In order to determine the all -in cost there must be an approved set of construction drawings that can be bid out to subcontractors to perform the work. Thereafter the work must be bought out in order to lock in the pricing. Therefore we are not able to provide a precise cost estimate without a fully approved permit set of plans and specifications. At this conceptual level, project costs have been developed from information based on the design narrative from the RFP and from past experience on similar types of construction, historical cost data, and the current construction climate. Budget does not ascribe a land cost as site may be located on City -owned land, the value of which would be subject to discussion between Proposer and the City of Miarni.. The Building will be 375,000 gross square feet plus 1,200 parking spaces with a typical office floor minimum size of 20,000 square feet of usable space. Building shall include Emergency Operations Center (EOC), fitness facility, wellness rooms, career counseling center and cafeteria. The cost estimate includes the following: • Soft costs — design professionals • Hard costs — construction trades • Furniture, Fixtures & Equipment (FF&E) • Fees • Includes fire wet pipe sprinkler horizontal distribution throughout. • Flat floor, no raised flooring • Floor main electrical panels & mechanical cooling • Finished restrooms for Men & Women matching building standard • Wall board applied to interior of exterior and core walls Tenant Improvements — Model A The following Tenant. Improvement ("TI") costs are for typical "Mid -Range Office Space" improvements. Included are upgraded 2x4 recessed direct/indirect light fixtures, level 4 finish interior walls, 2x2 fineline ceiling, wood veneer building standard doors with mortised hardware, full -height glass office fronts in aluminum framing system, plastic laminate millwork with solid surface countertops, $35/yd. carpet tiles, electrical and plumbing additions, HVAC. Cost estimates for the potential build -out, including costs to design, permit and construct the improvements: Mid -Range Office Space $53 to $67/SF. Tenant Improvements— Model B The following Tenant Improvement costs are for typical "Building Standard Office Space" improvements. Included are standard 2x4 recessed light fixtures, level 4 finish interior walls, 2x2 fineline ceiling, wood veneer building standard doors with mortised hardware, no glass at office fronts, minimal plastic laminate millwork with all plastic countertops, $25/yd. broadloom carpet, standard electrical, plumbing additions and HVAC. Cost estimates for the potential build -out, including costs to design, permit and construct the improvements: Building Standard Office Space $39 to $48/SF. The project budget assumes Model B TI. Furniture, Fixtures, & Equipment (FF&E) Basic Costs contain: • Office Furnishings: $0-35/sf • Systems Furniture (Cubicles): $1,500-5,000/cubicle • Cabling: $1..2.50/sf • Pantry Equipment: $ TBD • Training Room Furniture:$ TBD ADLER GROUP d110119 N31GV crry OF IVIIAMI OFFICE ErUILDING EIEVELOPIVIENT COST StlivItitlAY ALL -IN CIYST SUMMARY Total Hard Cost - Office Total Hard Cost - Parking Total Soft Costs 61,384,499 29„55C1a2C- 23„946.„7.80 Total Development Cost (Warm Lit Shell) 114,881,279 Total Furniture, Fixtures, & Equipireant Total Project Cost w/ FF&E & 11 Tenant improvements (Model B) 8.437,500 123,318,779 13,500,000 Building Assumptions Office Gross SF Office Net SF (905S Efficiency Factor) Parking Grass SF Parking Spaces •375000 337,500 420,000 1.200 Division Construction Budget - OFFICE Per NSF % Description Total 1 General Requirements 12,0040,000 35.56 9,7% 2 Site Constructron 2,692,905 7_98 2.2% 3 Concrete 14,556_240 43_13 4 Masonry 1,785,280 5_29 1 4% 5 Metals 719,250 2,13 0_6% 6 Carpentry 1,605,468 4_76 1.3% 7 Thermal and Moisture Protection 522,312 1.55 0.4% 8 Doors and Windows 4,448,216 13.1S 3,6% 9 Finishes 7,5(19308 22_25 6 1% 10 Specialties 393.875 1 17 0 9% 11 Equipment 800:593 2.37 0_6% ,2 Furnishings 0 Dragi Window Treatments 111,312 0.33 0.1% 13 Special Construction 222,625 0.66 0 2% 14 Conveying Systems 2,294,749 6,80 1 9% 15 tylechanical 0.0% Plumbing 2„628,686 7.79 2_1% F i re Protection 1001,812 2147 0 8-% HVAC 3,347,935 9,92 2 7% 16 Electrical 4443,935 13.17 3 6% (2) 150-kW backup generator 30.2.000 0.89 0.2% TOTAL HARD COSTS (Excluding FF&E} 61,384,499 181.88 49.8% Furniture, Funnies, & Equipment 8,437,500 25.00 6.8% Division Construction Budget PARKING Description Per Space % General 'equ emen:s Constructon 3 Concrete 4 Masonry 5 Metals 6 Carpentry 7 Thermal and -Moisture Protection 8 Doors and Windows Finishes igri Specialties (Parking Deck Surface Coating) 11 Equipment (3arriers, -Gates, Signage, etc.) 7 Furnishings 13 Speck ai Construction 14 Conveying Systems 15 Mechanical Plumbing !tire Pr -orect on 16 Electrical 4.000,306 3,333 3.2% 1,500300 1.250 1.75-4 15,34.14.3„. 17,500 12.2% 15430.000 1.250 1 2% 1,)03,000 833 0 8% 550,000 458 0 4%- 500,000 417 0 4% 250,000 209 0.2% 500,000 417 4% 503,CO3 417 0 % 503.300 417 04% 50,D0--3 42 0 0% 50,000 42 0.034 &moo° 667 0,6% 0 0% 1,300.0&10 833 G 8% 350003 292 0 3% 1,500003 ,250 1_234 TOTAL HARD COSTS 29,550,009 24,625 24.0% Coristrixtiori Budget- SOFTCOSTS Description Total Per NSF Land Costs Architectural 8 Engineering Permits & impact Fees Legal & Professional General & Administrative Development Fee- t434) insurance Financing Fees Contingency an% 5.062,500 15.03 4,1% 4,252,503 12_60 3_434 675,000 200 015% 1,687,500 5.00. 1.4% 4,743,030 14_05 3.834 810,000 2.40 0,734 810,000 2.40 0.734 5,906,250 17.50 4.8% TOTAL SOFT COSTS 23,946,780 70.95 19.4% * Budget does not ascribe a land cost as &rig may de located on City -owned (and, the value of wit ci would be subject to discussion between Proposer and the Citv of Miami TOTAL DEVELOPMENT COST' 123,318,779 36539 100% RECENT ENT Fi A CE.'1(, ((JST()RY. Adler Is extremely committed to the development project, both economically and from a community standpoint. We envision the joint development of the City of Miami office Building and the Nexus Riverside Central project as a model public private partnership. Adler is a highly successful and competent local development company with experience that spans generations and product types. To ensure success, this development must embody a true partnership between our private business and the public that will be served. Adler Group and its affiliates have completed over 100 separate real estate investments. Adler Group manages and owns an extensive portfolio of residential and commercial real estate across the United States, with assets under management currently exceeding $1 Billion. Each investment is organized as a separate legal structure, with its own single purpose entity. This is a requirement made of us by our investors and lenders, Our operating businesses take full responsibility for and management of each separate investment entity. The Proposer, Lancelot Miami River, LLC, an affiliate of the Adler Group, is capitalized with over $9 million in capital. Through our relationships with a variety of funding sources Adler is fully committed to providing the necessary capital to complete each phase of Nexus Riverside Central and deliver the new City of Miami office building. See Exhibit B— FinancialReference Letters Adler shall execute and deliver to the City, or cause to have executed and delivered to the City, prior to commencement of construction of each phase and the Building, a Payment and Performance Bond in the amount of the total cost of construction, prepared on applicable form(s) acceptable to the City. Adler Group has directed the development of millions of square feet of residential, commercial, and retail projects throughout Florida, Most recently, the process was completed with the City of Miami for the construction of Shorecrest Club in Miami, Florida. The final certificate of occupancy was delivered in April 2015. We are also currently working with the City of Miami and other local municipalities on numerous other projects such as Motion at Dadeland, Link at Douglas Station, and Nexus Riverside. With a history that spans 50 r years, we have developed industrial, office, retail and residential units throughout the state of Florida, and with our decades of experience we have become extremely knowledgeable with the Florida Building Code. We are very familiar with the permit and regulatory process, beginning with the comprehensive development master plan, zoning approval, land subdivision/plat approval, infrastructure approval, construction permitting approval, inspections approval, and finally obtaining the certificate of occupancy. Lancelot Miarrl¢ River LLC Balance Sheet (May 20 ASSETS Total Cjrre,nt :aset: Lahti Other Ass t5 2.591,5i2 14 329 954 07,,11 TOTAL ASSETS L1AB1L1TWS To:al Li t'0t Tata1 capital 17,128,707 7,303,1 9,'325.524 TOTAL LIABILITIES AND CAPITAL 17,128,707 ADLER GROUP 35 I fP L; ��|N�� T�� ~��k vw��x��~� r��u_�� CENTRAL �� Shorecrest Club, Miami, FL Located ioanarea commonly referred |oasthe Upper East Side, Shnrecrest Club Apartments on the Bay is a new 46/'unit 20'story, two - tower luxury apartment complex comprising 43l'O22SFofrentable residential and 4'20OSF ofrentable retail space The property sits atthe entrance to the 79`^ l\rep\ Causeway with direct frontage on Biscayne Day. Wong with inep|aceab|eviews' the site offers convenient access to K4iami Beach tnthe east, Downtown and Midtown Miami to the south, Ba| Harbor and Avenm/a to the north' and all of South Florida's major roadways to the west, Coastal Construction was used for the development which cost approximately $95MV. Partners included ECl Group and Canyon Johnson. Construction was completed with a final certificate of occupancy in April �rm�� *�� A� 2015. 1221Brickel�lAvenue, Mioni,FL Located on the presiiginus RrickeU Avenue in the heart of K4hami'sFinancia| District, 1221 8hckeU Center isa 28story [|ass'A office building. It sits on the corner BrickeU Avenue and Southeast 12thStnset only three blocks west nf Biscayne Bay. This spectacular high profile towers enjoys beautiful views o[both the bay and city skyline, Completed in 1986. 1221 BhckeU [enter is widely recognized for its stunning architeciure,designed byrenown HKSArchitects, its aU-Q|ao'tiered sides, and elegant reception area. |thas been awarded LEED Silver status by the U.S. Greer, Building Council, aswell asthe prestigious "Energy Star" label from the U.S. Environmental Protection Agency. Nexus Riverside, MiamiFL Adler Development iscurrently working on a lS9ocredevelopment site at 230 IVV 3',1 Street, directly adjacent to the Miami River in downtown Miami. The development will feature a 36-stoq\ 462 unit, 433,780 rentable square foot luxury Class ^A^ mu|tibmi|y building with afirst class amenity package that rivals the premier multi -housing developments inthe region. Nexus Riverside will offer residents everlasting views of Biscayne Bay and Downtown BhckeU skylines, unriva|ed accessibility to downtown Miami 8rickeU, and the Miami River District. The estimated bui|ding cost is approximate�y $152K4M and is set to break ground inJu|y2OI6. � � ADLER GROUP 361 P a ge NEXUS RIVERSIDE CENTRAL Pearce atPavilion Luxury Apartments, Brandon, FL Adler Development isnearing completion ofPearce at Pavilion, featuring b' 4-story garden style residential buildings comprising 248'000 leasable square feet and 250 multifamily units on 13.6 acres. The property is located in the east central portion of unincorporated Hillsborough County, in one ofthe largest residential communities within the County, known as the Brandon Varket Area. Brandon is a suburb of Tampa and has Immediate access to downtown via the Crosstown Fxp/eoway.Construction began mFebruary 2016 and completion is estimated for June, 2016, First Florida Construction was used for the development which cost approximately $38MM, Partners include the Vlattnn� Group and Atlantic American opportunities Fund. = .� ~ ` ,----�r�--"~--~ * w � u ° Link at Douglas Station, Miami, FL Adler Development and 13dh Floor Investments have partneed to develop Link at Douglas Station on a seven acre parcel ufland located a\the Douglas Road Metro/ail Station in Coral Gables. Once completed, Link will have97U residential units, a 150-key hotel, over 7lO00square feet ofretail space' and a public plaza, all of which Mill be incorporated into the current Douglas Road k4etrorai|Station Motion atDade|am[Dadelam±FL Adler Development, in partnership with l]m � Floor Investments, are currently developing a ' ~ 0.8/ acre development site at 8332 SW 84m Street, directly adjacent to the K4|am/ KXetrorai| Dade|and North Station and Dade|nod Station — ^ (big -box vertica| noaU with Target, Sports Authority, and Bed Bath & Beyond). Motion at Dade|and is positioned around the concept of °ionUt oriented deve|opment," providingIiV residents direct covered access to the K4ctromi| station. The development (under construction) will feature a 25'stony, 294unit' 257'670rentab|e square foot luxury Class ^A^ mu|\ibriI 17 development with striking views of Biscayne Day and Downtown VlhamI, Ajointventure between 1311 Floor Investments andAdler Deve�pment purchased the long term ground lease encumbering the property, which isowned byViami'DadeCounty. � m ^ I ADLERG0JWP 37 1 P * 2, r PUBLIC PRIVATE PARTNERSHIPS Dadelmnd North Phase III Contract Administered by: Miami -Dade Transit Authority <> Description: Ground Lease Total Contract Amount: 5.7S%ufgross rent the first five years, 535Y& thereafter ~� Term of Contract: 90years ee County Contact person- Foni|aoBaez + AnAffiliate ofthe Proposer, PeUinoreDade|an6LP + Project Result: Project is currently in the design phase for 294 unit multifamily units with 8.346SF of ground floor retail Miami International Airport Newdink ~� Contract Administered by: Miami-DadeAviation Department Description: Lease Concession Agreement for a Retail Concessions Program Total Contract Amount:Total minimumannual guarantee $6.16million *� Term ofGont/act� 2008-Present *� County Contact Person: George MBurgess *� Statement otwhether Proposer was the prime contractor orsubcontractor: Adler Realty Services, LLC anaffiliate ofthe Adler Group +*e Project Result Successfully operating retail concessions program as per lease and fulfilling all obligations asset forth in the lease Opa Looka Airport Contract Administered by� Miami -Dade County Aviation Department Description: Ground Lease of 181 acres of land at the Opa Locka Airport to develop and/or Operate facilities a portion of the Airport in order to improve and serve the Airport and the aviation community by construction new |mprove ments at the Airport and providing and/or facilitate the providing of aviation services at the Airport, and to serve nori-avi2tion proposes which further support the aviation community. *� $1G2'90l0OOinanticipateddeve|opmentandconstroctioncusts.Aviation&nnua|LandRentoi$0l5 for each square foot of land and $005 for each square foot of exiting pavement, A Fair Market Value rental rate for non -aviation uses, as determined on a Parcel by Parcel basis. +� Term ofthe Contract: S6Years ~� County Contact Person: Aviation Director ~� An affiliate of the Proposer, &A Acquisitions, LLC negotiated the Lease and began construcdon. At this time the Proposer innolonger affiliated with the project. ~*e Project Result: Project is currently under development ofPhase I with afixed based operator, hangar facilities, and significant site work completed. Link at Douglas Station ~� Contract Administered by: Miami -Dade Transit Department ~� Description: Ground Lease of approximately 7acres at the Douglas Metro Station with plans to develop the station aind its surroundings into a unique center where residents and visitors can hve, work, and play Link at Douglas Station will deliver a mixed use setting that is functionally and aesthetically integrated with the community, Term of the Contract: 90 Years ADLER GROUP 381Pa8e Afr NEXUS RIVERSIDE CENTRAL VT PROPOSING ENTITY'S ORGANIZATIONAL CHART Proposer Principal lae! M Adler, Chairman, Adler Group tofect„Managers ,,Aidler;„P,residitint„ Adler Development ectitive Vice President Adler Development Os‘nt PrOject Managers Topment Coordinator, Adler Developrnent ,,$enicit Project Manager„ Adler Development lSectior project Manager, Adler Development alto and Accounting htet FnanaiI Officer, Adler Group "tirltne$0ellor,Firianti al Analyst, Adler Group VI 1001 h '1'11,11'9 g 0,411 0111n,'It,,,,',1 ;14 0 ,,,1“1“ ,11'441A up'hApt," iIIF ADLER GROUP 39 P a 3 €.! PR()i1OSIl\C ENTITY'S TIIREti11() E) QL.JA IF C,ATF.. - Either a member of the Project Team or staff must have a minimum of ten (10) years' experience with a building of similar size and complexity. The Project Team has multiple persons who either meet or exceed the 10-year experience requirement and who have developed buildings of similar size and complexity. Many of these former projects are outlined in the sections titled "PROJECT TEAM QUALIFICATIONS" and "DEVELOPMENT TEAM QUALIFICATIONS." For example Michael M. Adler (CEO of Adler Group) has over forty (40) years of development experience and has built a multitude of projects including some that were similarly sized/complex and others that were larger/more complex. David S. Adler (President of Adler Development) has nearly two decades of development experience. During this time David Adler has developed a handful of similarly sized/complex and larger/more complex buildings. Jonathan Raiffe (Executive Vice President, Adler Development) has been developing for over a decade and has a wide range of experience in the development of similarly sized/complex and larger/more complex buildings. Additionally Tina Spano and all of the architects have the required experience. Either a member of the Project Team and the Proposer (the latter as applicable) or its staff must have played a leading role with principal responsibility for the design of a project(s) of similar size, complexity and constraints as the facilities and uses proposed. The Project Team has multiple persons who have played a leading role with principal responsibility for the design of a project(s) of similar size, complexity, and constraints as the facilities and uses proposed. Many of these former projects are delineated in the sections titled "PROJECT TEAM QUALIFICATIONS" and "DEVELOPMENT TEAM QUALIFICATIONS." For example, during his over forty (40) years of developing, Michael M. Adler has acted as lead developer on dozens of projects that were similarly sized, complex, and constrained (if not greater) as the facilities and uses proposed. David 5. Adler, over the course of his nearly twenty years in development, has played a leading role and held principal responsibility for design of multiple projects that were similarly sized, complex, and constrained as the facilities and uses proposed, Moreover, Jonathan Raiffe, has over a decade of wide-ranging development experience including construction of similarly sized, complex, and constrained as the facilities and uses proposed. Additionally Tina Spano and all of the architects have the required experience. Any of the principals or Project Team members must have successfully developed and obtained financing for at least one project of similar size and complexity, with similar uses and constraints. Michael M. Adler, David S. Adler, and Jonathan Raiffe, have all successfully developed and obtained financing for at least one project of similar size and complexity, with similar uses and constraints. In fact, while Jonathan Raiffe and David S. Adler (combined) have done so on a handful projects, Michael M. Adler has done so for dozens of projects whose scope and complexity either match or exceed the threshold requirements. Please refer to the sections titled "PROJECT TEAM QUALIFICATIONS" and "DEVELOPMENT TEAM QUALIFICATIONS", for additional information. The Project Team or any of its principals must have secured or provided, at minimum, twenty million dollars ($20,000,000) or more in financing for at least one (1) single project. Michael M. Adler, David S. Adler, and Jonathan Raiffe, have secured financing in excess of $20,000,000 on multiple projects. For additional information, please refer to the sections titled "PROJECT TEAM QUALIFICATIONS" and "DEVELOPMENT TEAM QUALIFICATIONS." ADLER GROUP 40 I P as g ee 1 3tJ."1 w_.f 'I .: T1NS Michael M. Adler Chairman and Chief Executive Officer, Adler Group, Inc. Michael M. Adler serves as the chairman and chief executive officer of Adler Group, Inc., one of South Florida's largest and most successful real estate companies. With over 40 years of real estate related experience, Michael has played a significant role in the growth and development of South Florida as a major center for international trade. Adler serves as Chairman of the Board and Investment Committee member for Adler Kawa Real Estate Advisors, a joint venture between Adler Group, Kawa Capital Partners, and Ganot Capital. Adder Kawa manages funds that invest and provide asset management services for multi -tenant commercial real estate focusing on office, flex, and industrial properties in the Southern and Eastern United States. Adler graduated from the University of Miami with a bachelor's degree in business administration in 1973. He is a member of the National Association of Industrial & Office Properties (NAIOP), the Beacon Council and Greater Miami Chamber. A devoted member of Miami's philanthropic community, he is the Vice Chairman of Florida International University Board of Trustees, and is a past Chair of the Florida International University Foundation, Inc. Development Committee. Adler is the Immediate Past Chairman of Mount Sinai Medical Center and Board Member of Mount Sinai Board of Trustees. David S. Adler President, Adler Development, LLC David S. Adler is the president of Adler Development, the development and project management division of Adler Group, Inc.. In this position, he is responsible for contributing to the development and acquisition of high-rise multifamily, industrial, office and retail properties. Additionally, he oversees business development of third -party development projects, project management services and capital expenditure and facilities management programs for properties owned and managed by Adler Group. Since joining Adler Group in 1997, Adler, a licensed general contractor, has been involved in all development and construction projects. Currently, he is working on high-rise multifamily commercial and retail projects, primarily in the Sou h East. Committed to community service and education initiatives, Adler is a member of the Florida International University Foundation Board of Directors; is a dedicated member of the Young Founders Club at Mount Sinai Medical Center; and is the Treasurer of the Jewish Museum of Florida. Additionally, he is actively involved with the Greater Miami Jewish Federation, the Miami Beach Jewish Community Center, and the American Jewish Committee of Greater Miami and Broward. ADLER GROUP 41 I P' a g NEXUS RIVERSIDE CENTRAL ]onathanRaMfe Executive Vice President, Adler Development, LLC Jonathan Raiffe is the execut�ve vice president ofAdler Development, LL[. In this position, he is responsible for all day to day activities of the company including acquisition, investment, predeve|opment, construction, and financial management ofaU development projects. Raiffe formerly served as Adler G,oup's Director of Finance, where his responsibilities included oversight of financing activities, treasury functions, corporate reporting, financial analysis, structuring now investments, and sourcing new opportunities, prior to taking the position of Director of Finance, RaiOt served as 0rec\o/o|Business Opportunities for the Adler Group, where he focused on acquisition analysis and new business development. Before joining the Adler Group, Raiffe worked at Ronio Capital Management, a global macro hedge fund, vvhre he fulfilled a variety of functions including trade support and administration, research ana|yst, marketing coordinator, and trade execution. Raiffe earned a Bachelor of Arts, majoring in anthpopo|ogy, and a Bachelor of Science in Business AJmini/tration, with an emphasis in Marketing from Washington University (in St. Louis). He also received a Master of Science in Finance and a Master of Science in International Real Estate from Florida International University. Additionally, Raiffe is licensed as both a Honda Real Estate Sales Associate and Florida Mortgage Loan Originator. TinaSpanm Chief Financial Officer, Adler Group, Inc. TlnaSpanujoined Adler Group inJanuary 2014asController with awealth of property management experience, including Ya/di' Ar8us' investor reporting, acquivihons.aod cash management. Spano is responsible for managing the accounting department for the Adler Corporate entities as well as the Adler Rmfty Services commercial portfolio. As head of the accounting operations ofAdler Group, her roles include the production of periodic financial reports, maintenance of on adequate system of accounting records, and a comprehensive set of controls and budgets designed tnmitigate risk, enhance the accuracy o(the company'sreported financial results' and ensure that reported results comply with 6&4P or international financial reporting standards. Prior 0njoining Adler, Spano served as Controller for Axisnn Young Flor�da, She previously served for more than 12years as Controller ofF|ag|er Real Estate Services and its predecessor, DBR &Axsociates, where she was responsible for the financial reporting for 2OUproperties located throughout the Southeast U,5, Sparc) holds Bachelor o<Science degree inAccounting and Business Administr Uno from the University of North [ano|ina-Gxaenshnrn and a Master o[Science in Accounting from Stetson University in Deland, FL, Due toher academic excellence, she became lifetime member ofthe International Honor Society ai Beta Gamma Sigma. Spano is a Certified Public Accountant licensed in the State of Florida, a Charted Global Management Accountant, and amember ofA|P[A. ADLER GROUP 421Pae NEXUS RIVERSIDE ENT AL Adam D. Mait, Esq. Development Coordinator, Adler Development, LLC. Adam Mait joined Adler Development in August 2015 as a Development Coordinator. Mait graduated cum laude from the University of Pennsylvania with a Bachelor of Arts and cum laude with a Juris Doctor from the University of Florida - Levin College of Law. While at the University of Florida, Mait served as the research editor for the Entertainment Law Review, Attorney General for the Honor Court and received Book Awards in Negotiation & Mediation, Comparative Law, Fiduciary Administration and Law & Policy in the Americas. Mait worked as an Assistant State Attorney at the Miami -Dade State Attorney's Office, rising to the position of the Assistant Chief of the Narcotics Unit. Mait also ran his own law practice, Mait Law L.L.C. Mait is a member of the Florida Bar and the United States District. Court for the Southern District of Florida. Morgan Sirlin Senior Financial Analyst, Adler Group, Inc. Morgan Sirlin graduated from the University of George Washington with a Bachelor of Arts in Finance and brings with him over 8 years of finance related experience, Sirlin joined Adler Group in June 2015 as an analyst and works with the development and accounting departments where his responsibilities include a variety of analysis ranging from current properties under management, acquisitions, dispositions, financing, and ongoing development projects. Before coming to Adler Group, Morgan worked at a boutique development group where he was the lead acquisitions analyst and assistant project manager. He also served as a commercial real estate mortgage broker in previous years, assisting with the financing and refinancing of a wide variety of asset types and loan products. Jose M. Martinez Senior Project Manager, Adler Development, LLC Jose Martinez has over 20 years of experience in the development, construction, and acquisition of commercial real estate in the Eastern U.S, Martinez joined the Adler Group in 1993 and held the a multitude of positions including President of Adler Development LLC. Martinez supervised the construction and development of over 4 million square feet of commercial projects and performed due diligence on over 7 million square feet of property acquisitions. Prior to Adler Group, Martinez worked for Gerrits Construction and Richard Plumber. His professional expertise includes: Architecture, Engineering, Interior Design, Industrial Design, Land Planning and Development, and Graphic Design. Martinez received his Bachelor of Science from the University of Florida - College of Architecture. Wilfredo Cotto Jr. Senior Project Manager, Adler Development, LLC Wilfredo Cotto Jr. has over 29 years of experience in construction and is a licensed general contractor, licensed building inspector, and OSHA 500 Trainer. Cotto Jr. has managed the development and construction of an array of projects types such as multi -story high-rise, healthcare, civil, environmental, commercial, retail and automotive. Prior to Adler Group, Cotto Jr. worked for Miami Dade County Roads and Bridges Dept., Miami Dade County Building Dept,, Gryphon Construction, CBRE, and Overholt Construction Corporation. Cotto Jr. received his Bachelor of Science from the Florida International University - College of Engineering in Construction Management. ADLER GROUP 43'Page Croup Adler Group is a multigenerational full -service real estate company, headquartered In Miami, Florida, with an impeccable reputation and a deep understanding of the real estate industry. Adler Group is comprised of three core operating businesses, Adler Development, Adler Realty Services, and Adler Kawa. Throughout its 50-year history, Adler Group has developed and acquired over 20 million square feet of industrial, office, and retail real estate and over 8,000 residential units. With extensive experience in leasing, property management, acquisitions, investment, development, and construction, Adler Group provides a seamless network of realty services designed to leverage the strength of the company's experience in order to maximize the value of its real estate assets. Today, Adler Group owns and manages over nine million square feet of commercial properties located strategically throughout the major markets of the Southeastern United States, and has approximately 2,000 multifamily units in various stages of development. For more information, please visit. http://www.ad'lergroup.corn. Adler Development provides vision, reliability, and an in-depth understanding of the marketplace to maintain a market leading position in the region's real estate market,. The company offers a full suite of development services, including economic and market analysis, assistance with land acquisition, master planning, regional impact analysis, and construction management. Adler Development has directed the development of millions of square feet of residential, commercial, and retail projects spanning from South Florida to Ohio. From pre -design through post -construction, the company achieves results with efficiency and a clear focus on cost-effective strategies that produce the bottom line. Adler Development's recent projects include: Shorecrest Club, a 467-unit, luxury apartment project on Biscayne Bay; Pearce at Pavilion, a 250-unit modrise luxury apartment community in East. Tampa; Nexus Riverside, a 462-unit luxury multifamily building located adjacent to the Miami Riverside Center in downtown Miami (scheduled to break ground in late summer 2016); and Motion at Dadeland, a 294-unit high-rise transit oriented development immediately adjacent to the Dadeland North Metroraii Station (scheduled to break ground in early 2016),. ADLER GROUP 44 I P a , e NEXUS �� |�~��1 ,��"� ��m�� CENTRAL �� "� , Al HISTOWAL PERFORMANCE Residential: Adler Development's first projects were residential developments, starting in North Bay, Village in 1957 with Fast Drive Apartments and The Anchorage. Adler built approximately 8,000 apartments throughout the 1860s, I970», and I980s, selling the portfolio in 1983, Ad|c/s visionary development prcxmcts ioc|udegO Edgewater Drive, the first waterfront project in Coral Gab|eo' Camelot Ha|| located on the ocean in Ba| Harbour, and U ViUnQ|o, one of South Beach's premier oceanfront condominiums. Adler is curreritly developing over 2000 units through several niarket rate irultifarnily apartrTient projects including Pearce at Pavilion, Nexus Riverside' Link at Doug|as Station, and Motion at Dade|and. The recently comr.i|etedSho/ec/estproject is a 467 unit 2 tcxwer, mu|tifami|ydevelopment on 79mStreet and Biscayne Bay in Miami 4d|e/spartnpo include E[| Groups, Canyon Capital Realty Advisors, Fifteen G(o"p' Encore Hows|ngOpportunity Fund, Capital O"e,and Sv"T,ost Industrial: Adler Development is one of the largest warehouse, distribution, and light indUStrial developers in Florida. The company developed the hi�hiysuocessfo| HexzSpaceconcept and set the new standard in small office warehouse incubator space thnou0houtthe Southeast United States. Hi8hUghts from 4d|er's industrial/flex property portfolio have included New Town Commerce Center in Ft, Lauderdale and SWIPOrt [vmmerccCenter in Orlando. |npa'tnershipwith Hi|cvG|oba|,Adler isdeveloping a 300'acre indusma| park in Mansfield, OH. Office: Adler Development has successfully deve|oped several miUino square feet ofoffice space in Florida. Pnominentdevelopments include l2JlB/|ckeU\nthe heart ofMiami's0nancia|disthc[GaNesOne Tower on South Dixie Hlghwayin Coral Gables, and 1170 Kane Concourse in Bay Harbor b|ands Ret$&[ Adler Development works closely v�th national retailers throughoutthe Southeast United States. The company has developed key projects including, single -tenant commema| development, small specu|ati**retail coo(em,aod|ar8eanchmredshoppin8centeo, Adler Development also pridesitself io(ts successftfll (Jevelopment of in -fill projects such as Stirling Town Center-, KeridaH Market Fl|ace, and Shops of PinecnasL Multi Use Business Parks: Adler has deve|opedseveral |arpe business parkpro�ects in Florida' ioduding Miami International Commerce [enter (K4|[[i Vista [enter (West Palm 8each>, and Boca Commerce [enter. The success of these developments was due to Ad|e/s ability to carefully plan the parks with a diversity of uses including industrial, retail, office, hotel, and recreational (including golf courses and lhf.,alth/fitness facilities). Project Management: Adler Development has the capability and skill set to assist clients wkh their own individual plans by acting as po«ectmaoaf?,,e.s. As project manager, Adler Deve|opmentoffers a mu|t�tude of services for the development of cornniercia[ retail, residential, and hospitality projects. Acting onbehalf of the owner, an Adler project manager coordinates and manages all of the pnojocrs players iodu6iu8 architects, engineers, designers, contractors, subcontractors, communication consultants, and all other additional parties invwllvedinthe deve|opmentprocess, See Exhibit C —Sample of Post Developmen ts RESIDENTIAL ARCHITECT STUDIO X ARCHITECTS Studio X Architects is a Miami -based architecture firm specializing in large-scale, mixed -use developments. Founded in 2010, Studio X has provided numerous architecture studies for mixed -use projects throughout Miami including 1000 Biscayne Blvd (now 1000 Museum), 801 Brickell Plaza, 1451. Brickell Ave (now Echo), Miami River Central, Surf Club, and Riverside Tower. Studio X is the architect of record for Nexus Riverside Tower, a 36-story, 462-unit residential tower; the University of Miami Hillehi,. Jewish student center; Buro co -working offices, and the Vapiano restaurants in Florida. C., Chloe Keidaish, AIA / LEED AP Principal Chloe is an award winning architect with extensive experience managing and designing large-scale, mixed - use high-rise projects in Miami, Milan, and the Middle East. Notable clients include Hines, The Related Group, Aldar, Abu Dhabi Investment House, and Qatari Diar. Prior to founding Studio X Architects, Chloe was a Vice President at Arquitectonica and a Project Manager in the Middle East at SOM. Chloe was the lead architect for Skyline on Brickell and the 1800 Club towers in Miami. She also oversaw the original design and city approvals for Brickell Citi Centre, 1770 N Bayshore Dr. )now Aria on the Bay), and 1400 Biscayne Blvd (now Auberge Residences). She also served on the City of Miami Zoning Board for two years, appointed by City Commissioner Johnny Winton. Education: Harvard Unversity, ALB; University of Miami, Master of Arch. Licenses: Florida, Georgia, North Carolina, Tennessee, Washington D.C. and Illinois Eric. Zachrison, AIA / MBA Design Director As a Studio Head and Technical lllll Coordinator at SOM, Eric led some of the most prestigious tower projects in Dubai, China, and Saudi Arabia during his twelve years there. Notably, he ledthe design teams for Infinity Tower in Dubai, a 73-story twisting residential tower, Rolex Tower, a residential and commercial office building on Sheikh Zayed Road, and University Club Tower, the Premier Luxury Condo building in Milwaukee. In 2014, the Council on Tall Buildings and Urban Habitat named Infinity Tower the Best Tall Building in the Middle East & Africa Region. Eric was also a Vice President of the City Design Team at Cannon Design in Chicago and Managing Director of Peter Ellis New Cities in India. Education: University of Chicago, MBA; Illinois Institute of Technology, Bachelor of Arch. Licenses: Massachusetts and Illinois ADLER GROUP 46 I iP a g e OFFICE ARCHITECT STANTEC Stantec, with approximately 22,000 employees across six continent, is a premier architecture and design firm that creates award -winning and high -quality workplace, mixed use, hospitality, retail, branding and residential projects across the globe. At the core of Stantec's design process is flexibility: its solutions allow the workplace to be responsive to change while controlling cost and the impact on users. For each project, Stantec's design teams develop a guiding vision to enhance value and enrich neighborhoods, Stantec's corporate office design process and solutions are derived from a common understanding with its clients, that the work environment must support the evolution of work processes driven by the need to maximize human resources, provide better service, and deliver work on schedule. Its integration of management strategies, technologies and furniture enables design solutions that are responsive to its clients' work processes. The success of Stantec's corporate office project work is in knowing that its designs enhance and energize environments while satisfying its clients' goals and practice. Stantec carries a wide-ranging portfolio that include workplaces for Suffolk Construction, EZ Corp, and iRobot; the award winning Gale South Beach and Shelborne South Beach hotels; the Jade Signature tower with Herzog & de Meuron, the Ritz Carlton Residences in Miami Beach; Solitair located in the heart of downtown Miami/Brickell, and a multitude of other clients across the globe from a wide array of industries including oil and gas, utility, legal, commercial and governmental. Jon Card'ello —AIA, NCARB Senior Principal As Senior Principal, Jonathan combines his planning and design expertise in large- scale healthcare, residential, mixed -use, retail and workplace projects to formulate planning visions that create dynamic multi- faceted destinations. Powered by regional themes and local goals, Jonathan organizes building forms, uses and sustainable design opportunities into compelling stories that welcomes collaboration between developers, public agencies and neighborhoods. Education: Bachelor of Architecture - Roger Williams University Eric Holland - IIDA, LEED AP Principal Eric brings a vast portfolio of law firm design and workplace expertise to the ADD Inc/Stantec team. Leveraging deep experience with a unique eye for usable space and interior planning, Eric's design solutions fit the practical needs of the client without compromising creativity and high design. Education: Bachelor of Science, Interior Design — University of Minnesota Haven Lea Peaden — AIA, NCARB, LEED AP Associate Haven is a (licensed Architect with extensive experience in project design, project management, and construction administration. Her experience includes project programming, entitlements, construction document production, as well as interdisciplinary coordination. She is an experienced project manager .-- managing schedule, deliverables, and budget successfully on diverse projects types. Haven is a LEED Accredited Professional. Education: Bachelor of Arts Environmental Design in Architecture — North C rolina State University ADILER GROUP 47 I P a rf. BE;k l'l Local Participation The Proposer is an affiliate of a Iocaily owned and operated business with a significant amount of employees that live In the Miami area. The development team, including both architecture firms for the DM and RFP, as well as all engineers, consultants, and support staff are all locally based firms. The Proposer intends to work with the City to engage a local general contractor who in turn shall engage local subcontractors to perform and deliver on the OM and RFP. Estimated Ad Valorem Taxes Once Nexus Riverside Central is fully completed and stabilized, Lancelot Miami River estimates it will have an assessed value of $190 million, This will generate an estimated $4,399,754 in annual ad valorem tax revenue. Based on current trim notices the tax revenue will be divided as follows: $940,671. to Miami -Dade County, $1,477,250 to Miami -Dade Public Schools, $1,543,655 to the City of Miaml, and $438,178 to others. The details are in the following table: atedAd Valorem loxes Phase 1 Assessed Value 100, Phase 2 00 90,000,000 Total 00,000 Miami -Dade County: County Wide Library Public Schools: By State Law By Local Board Municipal: Tax Rate (Millage) 4,6669 466,69E 420,021 836,711 0.2.84 28,400 25,560 53,960 5.527 552,700 497,430 1,050,130 2.243 224,800 202,320 427,120 City of lra: ri 7.6465 764,650 688,185 1,452,535 DDA 0,478 47,800 43,020 90,320 Water Management: SFWM District Everglades CP Okeechobee Basi Independent District: F.I.N.D, Children's Trust Voter Approved Debt: County Debt: School Debt: City Debt: 0.1577 15,770 14,193 29,963 0.0548 5,480 4,932 10,412 0,1717 17,170 15,453 32,623 345 3,450 3,10.5 6,555 0.5 50,000 45,000 95,000 0.45 45,000 40,500 85,50E 0,199 19,900 17,910 37,810 0.7385 73,850 66,465 140,315 2,315,660 2,084,t3 ADILER GROUP 48 P a P.F..> Estimated Impact Fees Each phase of Nexus Riverside Central shall contribute a significant amount of money through impact fees to various City of Miami and Miamo-Dade County. Using rates as of 3/4/2015 it is estimated that Nexus Riverside Central shaPil pay impact fees totaling $10,656,158. This amount is allocated as follows: $4,913,146 for Roads, $414,302 for Fire, $519,567 for Police, $1,331,100 for Schools, $2,415,564 for Parks, and $1,062,480 for Water & Sewer Connection. The details are in the following table: Estimated Permit Fees Each phase of Nexus Riverside Centra0 shall contribute a significant amount of money through permit fees to Miami -Dade County. Using rates as of 3/4/2015 it is estimated that Nexus Riverside Central shall pay Permit Fees totaling $1,150,000. This amount is allocated as follows: $600,000 for Phase 10 and $550,000 for Phase III. The details are in the following table: Nexus Riverside Central Estimated City and County Impact Fees and Building Permit Fees Phase II units Aaea d5F3 Roan Fes, Police : 5 hcsol Parks rater & Sewer Connection TOTAL Hotel 150 85,000 5857,291 537,205 531,501 nja n/a S10 ,850' Retail 10,000 590,268 54,.377 533,706 n/'a n/a. $6,990 Residential 45-0 425,000 51,93.7460 5184,172 52-40,327 5663,550 S1,207,782 5171,825 TOTAL. 520,000 52,585 218 5228.733 5215„53- 5665,550 •51,207,752 S58,3d665 55,843,502 Phase III d nits Area tSFi Road Fire Police School, Parks Water & Sewer Connection TOTAL Retail n/a 10,000 S90,268- 54,377 53,706 n f a n/a 56,990 Residential 450 425,000 51,937 660 51.84,172 $240,327 5oo5,550 $1.20 782 5471,525 TOTAL 35,000 52,0"27,?28 51.95,541 752 r4:'S,815 54,812,656 haws lII Rapti File Police wool parks, Water $paver Connection TOTAL 54,913,1 t, S411,302 S519,567 51,331,1017 52„ 415,564 $1,062,4.80 $10, r5b,15 Notes and Assumpt{ons.' - These figures assume no credits for edit. ng uses on the prerper5 . - Fees calculated at rates: as of 3/4/201S. School 'irnpact Fees calculated at $512/d u.+5; 518 per s f to a maximum of 3800 s.f. -Architectural: and engineering plans for the structures that ,S4I comprise the, Proi have no formulated at thi> time to calculate accurate amounts that iEf be paid in building permit fees. sut5cie€1tl` eted Building errnit Fee Phase 2 5550,000 ADLER GROUP 49 I P FP FORM 8 SOLICITATION CHECKLIST PROPOSER NAME: Lancelot Miami River LLC PROPOSAL FOR (circle one or both): RFP NO. 15-16-009 OM NO. 15-16-008 ALL SOLICITATION SUBMISSION REQUIREMENTS REGISTRATION FORM of Yes r.: No REGISTRATION FEE Yes u No BACKGROUND SCREENING CONSENT FORM Yes Li No SEALED BACKGROUND CHECK Yes r No PROPOSAL SUMMARY FORM /Yes ❑ No ENTITY CERTIFICATION FORMS Yes ❑ No PROPOSERS DISCLAIMER / DISCLOSURE / Yes ❑ No ORIGINAL & 22 CONES OF PROPOSAL cf Yes a No RFP NO. 15-16-009 SUBMISSION REQUIREMENTS: PROJECT TEAM EXPERIENCE ` Yes o No DEVELOPMENT TEAM EXPERIENCE 'Or Yes ❑ No PRELIMINARY EARNEST MONEY DEPOSIT sarYes ra No OM NO. 15-16-008 SUBMISSION REQUIREMENTS: LEASE -BACK AGREEMENT (if applicable} ** All required submittal forms (1-8) have been attached to this proposal Yes u No ADLER GROUP 50 I 'P NEXUS RIVERSIDE CENTRAL EXHIB REQUIRED I p - W4c?.1/14 WM NSE R s ADLER GROUP 51 P df10)99 b31ad Y ? N 4 LEED v4 or SD+C:: New Construction and Major Renovation jest E hec lit Project Name. City of Mian Date : 611312015 1,^t:ag.;=tie Process S ensitive Lard Ftsteclion 1 15 S UTX.Iledelg Der .ey and averse Fi rr'x 5515 Or sa ;yTransit 5 BroYE& Facer 1 Redeced:r it Fon4yret 1 Green Vehicles Fes Gc See i ssessm Ste DeveSawnent Open Spate Ratraclter Manageorert Heal s.i R halo' ? gIi PoYttim Refit: Fees Starr,- Water U R Iz 3ea r a§er Use RedIs or Burg-Levc+ Water Matendy Dom' Waled Use Re n Indoor Wagger Use ReddatYn Corers Toter Water Use Water Meter Furl; Erna taressern E eery; ,Saiclirra-Leve1 Energy Mete6 Fees Fundar er e Refrigerant Managentert Enharyt Cdomissorty .-Setnrize Energy Pero manse Adverted Energy Meretry Demarcl Response :Retterytcle Energy Prod:c Enhar r3 Nef wat-cant 34.'ana rrlwst :Green Pr and C>-r Offsets :R: OaE rat 15 2 Headquarters and Re : : aG s F :xx€e i n a.::d Ck .futon Was Af age ter- F" r:^ r . Redwee Stalely Lge-Cycad. tr,Fact N :Wan 5 Sle IX. Product Disclosure anti ot;,mra: aan 't-t:reannszr € Ft uer Seiding. Proaricl Eestersare arm: Lm€ 1i'On -'Sswuty of -Raw Materials Stet< -ay Fradett Disnestre and Oparrizardon - MatetiV ;r. neater is Carats st sn and Darnottan Wass Ma€t ,n ++., r.er'.. ,..vnu r. 1.:. s' Cita 1y. p•r.-4. ErbnrE'i. 1 I v"1-�CLe� &Tc' Ertented Indoor As Quaky Strategres �._-tLot-.rnatrr Ntryaeriam Constr°. sr AS Quarly @ o An- . uaiity Assesmne€=t T, rr <a crsx:: SeericC Light y Ctayrt: uedy Ways Frame Are, -'tc Pe for. na€ - 3 3 mum TOTALS Rmitie Points. Certified: 40 to 45 doors; Silver: 55 tc 55 poets, Graki: 5O & ?g p rsrs. Platinum: 5O Vs 115 FINA.NCIAL REFERENCE LETTERS HFF May 10. 2016 Cit4„, of Miami Office of the City Clerk City Hall 3500 Pan „A merican Drive EL 33133 Dear SirMadam This letter is in regards to a. request from The Adler Group in regards to City of Miami MRC building: City of Miann OM #15-16-008 .and City of Miami PIP #15-16-009. Michael M Adler, Adler Group, and affilmtei (Adier") Tathzed the financial ervsces ofHFF for mo. re than I 7 ears and HFF has raised more than Si00,000,000 of financing for Adler. During the tune subsequent to the creation of each loari, Adler has performed adranrably with respect to its obligationand maintaim an outstanding reputation with those capital 5ourcer, arranged via HFF We are pleased with this long tern relationship and are currently working with Adder on numerous conmuung opportunities, Sincerely, Paul Stasaitis Senior Ntanazing Dire c tor 1150 Nickell Avenue • Suite 2950 roliarni, FL 33131 Tel 305-418-1333 . Fax 305-448-9499 . www.hfk.corn ADLER GROUP 53 P i3 g e BRODY & ASSOCIATES Corm& Pt kill' ACC1)1 MAVIS One Tirrnharry 19495 .Birraueut Boulevard Sac 850 Mamma, Florida 33 May 13, 2016 City of rytiarril Office of the City Clerk City Hag 3500 Pan American Drive Miami, FL 33133 Dear Sir/Madarn Teltpttomr, 3•05) * FAX: (.30:” 931-221a ?, This letter is in regards to a request from Adler Development, LLC in regards to the City of Miami's offering memorandum (OM) to sell the City's existing administrative facility called Miami Riverside Center (MRC) located at 444 SW 2.nd Avenue, Miami, FL, also known as OM #15-16-008 and a request for proposals (RFP) to provide a replacement build to suit location within the City Ihnits, for the City's new administrative facility, also known as RFP # 15-16-009, We have represented Michaef Adler and his affiliates for more than 20-years. Our representation encompasses primary tax consultation and compliance servfces, but we have performed numerous audit and compilation assignments. As a result, we confirm that Adler and affiliates are majority owners in several business parks, of which, its affiliate Adler Realty Services, manages more than 7,000,000 square feet of commercial real estate and that Adler has completed numerous development projects in South Honda Furthermore, Michael Adler has always demonstrated the highestdevel of ethical standards and is in good standing with the Internaf Revenue Service, Please call me with any questions. Sincerely, Evan J. Brody President Copy to: Tina Span° ADLER GROUP 54 I P a e May 16, 201 City of Miami Office °Lithe City Clerk City flall 3500: Pan American Drive: FL 3313.3 Dear Sir/Madam This letter is in regards to a request from Adler Development, 1,1(:` in regards to the City of Miami's offering memorandum (OM) to sell the Cityexisting administrative facility called Miami Riverside Center tivIRC) located Ell 444 SW 2nd Avenue, Miami, FL., also known as OM #15-16-008 and a request for proposals (KIT) to provide a replacement build to suit location within the City limits, tbr the City's new radministrative1u1n, lso known as RH' (0) 15.16-009, l4k4ichael M, Adler and affiliates ("Adler') have a good lending and banking relatitmship with Suilf rust Bank. Lending has been in excess of thirty million dollars and included both comilerciitt and deyek}pinent pitheets We confirm and acknowledge that all transactions during our relationship have performed to our entire 5atis.fiat,lion with no event d'efimit. We would most certainly entertain further lending, opportunities with Mr. Adler arid affiliates,. We value his relationship and isiok forward to additional endeavors with Adler. Please feel free to contact me at 105-570-7213 with any' further questions. SinCenly, Mut Madura. First Vice Nesidem ADLER GROUP 55 Pa ge This Weer t Miami, PI, eke. kite at ra troy '" r -4 beitetesei We i'[tY[¢'rr2 and +r .l' atnivf'ca event iP t.lctf&tilt:. Asti ,avast with ai,kr. Milo 1 ;`a ray Sailor Voir Pro forme Prupiirry Group . begins rw Rid Su rVt6rttlrA GA 30,)' gig$ ADLER GROUP 561 aye ��NN�� K�� /��~��U o��m.`�^� ��x�� CENTRAL �� F' XH I0VK'('—I11LEOF�AS],K\/E8j»KN I VNIS Midtown29, LocatiowMiami, FL SquareFeet� 274'000 So|dinDocember2Ol5asofully permitted, shovel ready project, yWidtownZ9features a ZO-stoq\[�ass'Au/ban living project, comp/isiog3O9apartments and I2.ODOSFo(retail, Miami International Commerce Center Location: K4iami'IFL Square Feet: 4,0OOOOO A 340-ac/e mdissier'p|anned mixed -use buuness park with excel eotaccess and frontage (omajo/higbways, Vista Center 1-ocaiivn�VVe4Pa�m Beach, FL SquareFeet�852,DO0 A S0O-acre master -planned mixed -use business park with golf course, Adler Plaza 1--ocaUoo:K4iomiFL Square Feet: 39'079 A five -story, Oass`A office building located just east of Uo|phin Mail and west ofinternational Mail on NW I071h Street. Boca Commerce Center iocatmn� Boca Raton, FL Square Feet: 4Z3'l00 A327acre mastepp|annedmixed-use busioesspark. Stirling Town Center LocatiowCooper City, FL Square FeeL8'8/I Locaiud at the intersection of Pine |dand and Stirling Road, Stirling Town Center isa [nor'hui|dinp neif,hbo,hood shopping center that was built in 2005. |LW|lamio Location�I iamiBeach, FL Unitc8O A p/emie/condominium project in p/es(i8io ak7la|project cost ofover $36miUion. ADLER GROUP South Beach wiih agamp- 1,11,1111111111 ��T��F��K ��'�m'�� r+��*�.�� CENTRAL v�� Pavilion Crossings Location: 8aodon, FL A shoppmg center with a 45,6001 square, foot Pubhx anchor, 16,300 square feet of in -line retail and 429 acres ofouipauel 1170Kane Concourse Location: bay Harbor Islands, FL SquareFeet: 38,OOO Description: Five -story [lao'A office b0|din8 bui|t in ZOO/ in Bay Harbor |s|aodc Located at the onroe, of Kane Concourse and West Boy Harbor Dnve, within vva|kmg distance to the Shops atBa| Harbor. Business Center KatK4|CC LocatmwDora|'FL Square Feet�62,OOO Iwo one-story flex buildings, comprised of of ce' showroom andsUrr(",'et-level warehouse space koniinvNVV8JndAvenue. Shoppes ofRnecres LocatiomPineoest,H SquamFeet� 12'271 One-sozry multi -tenant shopping center located in the S()Uthe�,)St corner of South Dix�ie Highway and SW 72r)d Avenue. Business Center NatK4|CC Lmcahoo:Dora[ F| Square Feet�l33.43S Fronting NVV 82od Avenue, three ooe-story flex buildings heato/ioQshovv/oom,office, and street level warehouse spice. New Town Commerce Park Location: Fort Lauderda|e'FL SquareFeet� 152,657 A Oao'A' upscale comp|exconsistin8 of five hvi|dingsofoffice, shovvroom.and street'|eve|warehouse spaces. Gables Waterway Tower Location: Coral Gables, FL SquaneFeet�4�9,931 Description: A 13'story mid -rise bui|d\nF consisdnC of 332 /esident/a|units. Built inl969, Gables Waterway Tommrwas the first high rise waterfront project in [om| Gables. " m � " » , � ADLER GROUP 581Pa8e r ~. .r � NEXUS RIVERSIDE CENTRAL c Gables One Tower Location: Miami FL Square Fcct�Z3&OUQ Amu|ti-story office bui|dinOlocated along USlacross from 1he University o(Miami Carl Odg�^aUy developed by Adler, they later acquired the property in 1998 as an opportunity to reposition a quality, well- located asset through capital improvements, proacdvemana8ementand leasing. Howell Branch Comers Locadun:Or|ando, FL Square Feet: 14,765 Aretail center- located onthe northwest corner uf5emomo Bou|eva/(J(SR 436)and Howell Branch Road, Sunport Commerce Center Location: Orlando, FL 3quareFeeUl6I1}4 A business community hiOh|yvbib|e from Sand Lake Road with nuilwarehouse, office, and showroom spaces. Crossroads Business Center Locadon�Winter Park, FL 54uareFel 78,000 Cros,,�ooadb 8us|neo [enter is a Single story, 78,000^ Squam-4outofficeparkcompnseduftwsofhce!manehouse Interstate 8usiinessPark Location:Tam0v, FL Square Feet: l6O,0UO A mu|d'hoi|dinQ' office/flex park consisting of two paoce|s; a 7-acre site with frontage no US Hwy 30I and n 4,1crr parcel located onOak Fair Blvd. Kendall Marketplace L8csdon�KondaU,FL Square Feet: 54,/5/ Ashopping center wiUhexcellent honia�eon North Kendall Drive in Miami Retail mix includes The Kendall Ale House, PnUo Tropical, Peter of London, a bakery, beauty na|nn' anima|hospital, realty office, res1aomnLsandMore, w 01 911, m � ° ^ " I � ' � e a 11 � Pff m ADILER GROUP 59 lPup FORM PROPOSAL SUMMARY FORM PROPOSER'S LEGAL NAME: 1.....ANCEI,OT MIAMI RIVER. U. PROPOSER'S CONTACT INFORMATION CONTACT NAME: JONATHAN RAIFFE TELEPHONE NO. : (Landline) 305-392-C67_ (Cellular) 305-677-2287 FACSIMILE: 305-392-4004 ELECTRONIC MAIL .ADDRESS: JRALFFE@ADLERGROUPCOM PROPOSER'S FEDERAL TAX ID NO.: 47-41527.21 HI. LEGAL ENTITY OF PROPOSER Individual o Corporation n Limited Liability Company. n General Partnership I Lirnited Partnership U joint Venture Other (Pfease specify): Legal Entity of Proposer: Please be advised that, at the time of submission of the OIVI/RFP responses, the Proposer must be a legal business entity. (partnership, Limited Liability Company or corporation, fOr example), authorized to do business in the State of Florida, Miami -Dade County and the City of.. Miami. under the proposal entity's legal name. IV. PROPOSER'S PRINCIPALS °lease include full .name and title; attach a separate page for additional principals). 1. MICHAEL ADLER„ MANAGER 4, TLN A SPANO VP 2. DAVID ADLER, PRESIDENT 3. JONATHAN .RAIFFE, VP 5. 6, Page 1.. of 6 Please be advised that any principals included on this Fornmmy not be substituted or withdrawn from participation after the Submission Date unless the (1.‘ity Manager specifically authorizes in writing a request for substitution. V. PERSON(S) AUTHORIZED TO NEGOTIATE AND SIGN THE AGREEMENT(S): MICHAEL ADLER, DAVID .ADLER, JONATHAN RAIFFE TINA spANo_ VI. DEFAULTS ON CITY CONTRACTS: Please state whether: A. The Proposer or any principals comprising the Proposer was ever in arrears to the City for any debt or obligation, within the past ten (10) years; Yes x No B. The Proposer or any principals comprising the Proposer have had uncured defaults or have failed to perform. under the terms of any agreement or contract with the City within the past ten (10) years; El Yes x No C. The Proposer or any principals are in default under any agreement or contract with the City on the date and time the proposal is due; LI Yes x No D. The Proposer or any principals have caused fines to be levied against the City within the past ten (10) years; 0 Yes x No E, The Proposer or any principals have initiated any current, pending or past litigation against the City within the past five (5) years; Ili Yes x No F. The Proposer or any principals have any litigation or a legal dispute involving a real estate venture within the past ten (10) years; LI Yes x No G. The Proposer or any principals have current, pending or past bankruptcies or foreclosures within the past seven (7) years on projects the Proposer or the Proposer's principals have owned or controlled; ILI Yes x No. H.The Proposer or any principals have caused any city -owned land or improvements to incur environmental damage, environmental contamination liability or any other liabilities. Ell Yes x No Page 2 of 6 Notwithstanding the foregoing, any Proposer or principals of the Proposer who disputes the City's claim or demand for any debt or obligation, may, during the pendency of the dispute, deposit the amounts the City claims are due in an escrow account, subject to an escrow agreement negotiated with the City prior to responding to this RFP and seek a judgment from a court of competent jurisdiction. Any such escrowing of funds shall allow a Proposer to qualify to respond to this RFP and the funds shall be held in escrow until the dispute is resolved, if the City has quantified a dollar amount attributable to a failure to perform under (ii), above, a Proposer disputing such claim or demand may also avail itself of the escrow provisions. Failure to Disclose information The Proposer shall be automatically disqualified from further consideration in this RFP process if the Proposer or Proposer's principals fail to disclose information relating to the following: i) outstanding arrearages or indebtedness with the City; uncured defaults or the failure of any of the above to perform under the terms of any agreements or contracts with the City contracts within the past ten (10) years; iii) any default with the City under any agreement or contract on the date, and time the proposal is due; iv) any fines any of the above have caused to be levied against the City; v) any current, pending or past litigation against the City within the past .five (5) years; vi) any litigation or legal dispute involving a real estate venture within the past ten (10) years; vii) current, pending or past bankruptcies or foreclosures within the past seven (7) years on any projects any of the above have owned or controlled; viii) the role of any of the above in causing any city -owned land or improvements to incur environmental damage, environmental contamination or any other liabilities. Page 3 of 6 VIL BUSINESSMNANCIAL REFERENCES FOR PRINCIPALS Please provide three (3) Business References for each of the Principal(s) and one (1) financial reference. Attach additional pages as necessary. BUSINESS REFERENCE 1: PLEASE SEE ATTACHED Name/Title Company Name Telephone No./Email Address BUSINESS REFERENCE 2: PLEASE SEE ATTACHED Name/Title Company Name Telephone No./Email Address BUSINESS REFERENCE 3: PLEASE SEE A 11 ACHED Name/Title Company Name Telephone No./Email Address FINANCIAL REFERENCE 4: PLEASE SEEATTACEIED Name/Title Bank/Financial Institution Name Telephone No./Email Address of Bank/Financial Institution PLEASE BE ADVISED THAT THE FINANCIAL REFERENCE MUST BE ACCOMPANIED BY A LET-FER OF COMMITMENT ON THE FINANCIAL INSTITUTION'S LETTERHEAD. Page 4 of 6 REP 15-16-009 SUMMARY PROPOSED LIST OF CAPITAL IMPROVEMENTS TO PROPERTY Adler proposes delivering to the city a turn -key development of the building that meets the requirement stipulated in the RFP. ATTACH 8 "A" x 11" SKETCH SHOWING PROPOSED REMODELLING, RENOVATION BUILD -OUT IMPROVEMENTS OF' PROPERTY. ALL COPIES MUST INCLUDE COPIES OF THIS SKETCH. IX. PROPOSED DOLLAR ($) AMOUNT OF CAPITAL IMPROVEMENTS X. PROPOSED TOTAL VALUE OF IMPROVEMENTS AND/OR LAND $ XI. PROPOSED XII. PROPOSED TBD TBD OM 15-16-008 SUMMARY PURCHASE PRICE LEASE -BACK RENT 70,532,82 4,875,000 per year Page 5 of 6 XIII. PROPOSER'S S. NATURE Signa Jonathan Raiffe - Vice President Print Name/Title Lancelot Miami River LLC Company Name 5/16/16 Date Page 6 of 6 FORM. 2 CON Fl I) ENT IA CITY OF M M .1 P • C,ON FI FIAL crry OF MIAMI FORM 3 REGISTRATION FORM In order to register for Offering Memorandum (OM) No. 15-16-008 and/or Request for Proposals (RI)) No. 15-16-009, please complete the following registration form and submit a check in the amount of $150.00 made payable to the City of Miami in person or by mail to the following address: CBRE Brokerage 777 Brickell Avenue Suite 900 Miami, Florida 33131 Attention: Shay Pope Failure to submit the registration deposit will disqualify you and/or the Proposing Entity from bidding on OM No. 15-16-008 and/or RFP No. 15-16-009 and from receiving any Addenda. Registration Form Name: MICHAEL M. ADLER Proposing Entity's Legal Name: Lancelot Miami River LLC Physical Street Address: 1400 W 10711 AVE, 5TH FLOOR City/Zip Code: MIAMI/33172 Telephone Numbers: (Work) 305-392-4167 (Cell) 305-677-2287 Facsimile: 305-392-4004 IE-mail Address: JRAIFFERADLERGROUP,COM Lancelot Miami River LLC 1400 NW 107th Ave 5th FL Miami, FL 33172 305-392-4000 **** ONE HUNDRED FIFTY AND 00/100 DOLLARS ®Ali TO THE. ORDER OF City of Miami Key8ank NA 127 Public Square Cleveland, OH 44114 DATE 05/13/2016 II�Of 1:01-, LOD LO351': 15968 I la Lila' DATE:05/13/2016 CK71:I55 TOTAL -0150.00"*'*$ ©ANK:Lancelot Mtiarni Rivcr LLC(39000op) PAYEE,:Cily of Miaml(ciunia) Property Address - Code Invoice - Date Lancelot Miami River, LLC 39000 051316-39000 - 05/13/2016 Description 155 AMOUNT S150.00"*"" Al7lount application far acl)aocnl Ind - OM/R 150.00 1 50.00 FORM 4 PROJECT TEAM EXPERIENCE FORMS For each member of your Project Team, please list the name and role of the individual (for example, Principal/CEO, Operations Manager, Architect, General Contractor, etc.), License No. (if applicable), number of years of experience in their respective field and the LEED Certification Status of the individual (as applicable). (Attach additional sheets if necessary). Name/Role List of Five (5) Similar Projects By Project Name & by Location Type of Project Project Completion Time Total Project Cost Michael M. Adler, Principal 1. Shorecrest Club 467 Unit Multi -Family 24 months $95mm Locationlipi per East Side - Miami, FL 250 Unit Multi-Famlly 15 months $39MM Pearce at Pavilion 2. Location Tampa, FL 462 Unit Multi -Family Ongoing $152MM Nexus Riverside Location Downtown, Miami, FL Office 20 months OOM ***Please refer to Form 45 for additional requested details. 1221 Brickell Center 4. Location Brickell - Miami, FL Office 14 months S3OMM 5, Gables One Tower Location 1320 5, Dixie Hwy, Miami, FL David S. Adler, Project Manager 1. Shorecrest Club 467 Unit Multi -Family 24 months $95 MM Location Upper East Side - Miami, FL 250 Unit Multi -Family 5 months $39MM Pearce at Pavilion 2. Locatjon Tampa, FL. 462 Unit Multi -Family Ongoing $152MM Nexus Riverside ***Please refer to Form 45 for additional requested details. Location Downtown, Miami, FL 294 Unit Multi -Family Ongoing Ongoing 4. IN/lot-ion at Dadeland Location Miami, FL ffi Oce 8 months ,-. 50MIM 5. Miami Green Building Location Miami, FL Name/Role Jonathan Raiffe, Project Manager ***Please refer to Form 45 for additional requested details. Adam D. Mait, Assistant Project Mgr. Jose Martinez, Assistant Project Mgr. Wilfredo Cotto, Assistant Project Mgr. Morgan Sirlin, Senior Financial Analyst Tina Spano, Chief Finanical Officer "*Please refer to Form ft5 for additional requested details. Jonathan W. Cardello, Architect Eric Holland, Architect Haven Lea Peaden, Architect ***Please refer to attachments and Form 45 for additional requested details. List of Five (5) Similar Projects by Project Name & by Location Shorecrest Cub location Upper East Side - Miami, FL 2. Pearce at Pavilion ocation Tampa, FL 3, Nexus Riverside ocation Downtown, Miami, FL 4. Motion at Dadeland Location Miami, FL 5, Location in Pearce at Pavilion Location Tampa, FL 2. Location Downtown, Miami, FL Nexus Riverside Location 4, Location 5, Location Type of Project 467 Unit Multi -Family 250 Unit Muiti-Family 462 Unit Multi -Family 294 Unit Multi -Family 250 Unit Multi -Family 462 Unit Multi-Fa:miiy Project Completion Time 24 months Total Project Cost $95MM $39MM $152MM $87 M $39 M M $152MM Reg iStratiOns Registered Architect #AR93391, State of Florida Board of Architecture & Interior Design Education Bachelor of Architecture, Roger Williams University, Bristol, Rhode Island Memberships Member, Americo Architects nstitute of Member, National Council of Architectural Registration Boards Jon Cardello, AIA, NCARB Senior principal As Senior Principal, Jonathan combines his planning and design expertise in large-scale healthcare, residential, mixed -use, retail and workplace projects to formulate planning visions that create dynamic multi- faceted destinations. Powered by regional themes and local goals, Jonathan organizes building forms, uses and sustainable design opportunities into compelling stories that welcomes collaboration between developers, public agencies and neighborhoods. elect .project experience University Plaza, Miami, Florida. Children's Hospital*, Boston, Massachusetts Hackley Hospital*, Muskegon, Michigan St. Lukes Hospital*, Allentown, Pennsylvania Harvard Medical School*, Boston, Massachusetts Lowell General Hospital Cancer Center*, Lowell, Massachusetts St. Elizabeth Medical Center*, Brighton, Massachusetts Winthrop Hospital*, Winthrop, New York Shady Grove Hospital*, Rockville, Maryland Falmouth Fiospital*, Falmouth, Massachusetts Memorial Hospital of Rhode Island Primary Care Center*, Pawtucket, Rhode Island 2110 N. Miami Avenue, Miami, Florida 321 North, Plantation, Florida 600 Alton Mixed -use Residential Development, Miami Beach, Florida Miami River Landing, Miami, Florida Village of Marbella, Coconut Creek, Florida Brickell Bayview, Miami, Florida 1380 S. Ocean, Miami, Florida Midtown 24, Plantation, Florida 600 Alton High Rise Luxury Apartments, Miami Beach, Florida Ritz Carlton Residences, Miami Beach, Florida New River Village, Fort Lauderdale, Florida Southgate Towers Renovation, Miami Beach, Florida Jade Signature, Sunny Isles Beach, Florida The Gale Hotel, Miami Beach, Florida Shelborne Hotel, Miami Beach, Florida The Fillmore Miami Beach at The Jackie Gleason Theater, Miami Beach, Florida University of Miami - On Call, Miami, Honda 1826 Collins Avenue Robotic Parking Garage, Miami Beach, Florida Education Bachelor of Science, Interior Design University of Minnesota Minneapolis, MN 1985 Registrations NCIDQ IIDA LEED AP Membership Miami Design Preservation League - Executive Board Eric H Ilan Principal IIDA, LEED AP Eric brings a vast portfolio of law firm design and workplace expertise to the ADD Inc/Stantec team, Leveraging deep experience with a unique eye for usable space and interior planning, Eric's design solutions Fit the practical needs of the client without compromising creativity and high design. Select project experience Hamburg Sud Dotal', Florida • I 5.000 sf Inktet Arise Virtual Solutions Miramar, Florida • 50,000 sf Talk lnernational Doral, Florida • 17,000 sl Florida • 9,000 sf bgt Partners Kernpler & Company Miami, Florida • 20,000 sf Miami, Florida • 7,000 sf Tripp Scott American Land Ventures Fort Lauderdale, Honda • 45,000 st Miami. Florida • 8,000 sf Morrison, Brown, Argiz & Farra LLC Miami, Florida • 25,000 sf Fowler White Burnett, P.A. Miami, Florida • 30,000 st Brickell Link Miami, Florida • 24,000 sf EL Corp Miami, Florida • 12,000 sl the Ferraro Law Firm Miami, Florida • 20,000 sl State Farm Insurance Tamarac, Florida • 50,000 sl Hamilton Miller & Birlhisel LLP Miami, Florida • 17,000 sf Berger Singerman Miami, Florida • 25,000 sf Meland Russin Budwick Miami, Florida • 12,000 st Jackson Lewis Miami, Florida • 14,000 sf Manchester Business School Miami, Pardo • 4,000 sf Marcum Ft. Lauderdale, Florida • 3,000 sf Miami, Florida • 12,000 sf West, Palm Beach • 8,000 sf Squire Boggs Miami, Florida • 30,000 st Suffolk Conslruclion Mia Florida • 15,000 sf Brickell Link Miami. Florida • 24,000 sf Ceilmark Miami, Florida • 114,000 sf Caledonia Miami, Florida • 30,000 sf National General insurance Miami, Florida • 30,000 sf Valley Forge Miami, Florida • 45,000 sf EDIJCATION Bachelor of Arts Environmental Design in Architecture North Carolina State University Raleigh, North1Carolina, 2004 Master of Architecture North Carolina State University Raleigh, North Carolina, 2008 REGISTRATIONS Registered Architect National Council of Architectural Registration Boards Registered Architect #11645 State of North Carolina LEED Accredited Professional United States Green Building Council MEMBERSIIIPS Member American Institute of Architects Member National Association of Women In Construction Haven Lea Peaden AA, NCARB, LEED AP AFSocia te Haven is a licensed Architect with extensive experience in project design, project management, and construction administration, Her experience includes project programming, entitlements, construction document production, as well as interdisciplinary coordination. She is an experienced project manager managing schedule, deliverables, and budget successfully on diverse projects types. Haven is a LEED Accredited professional, Select project experience MUlti-FOIllily Residential Buildings District 36 Miami, Florida 19 story mixed -use residen 65,000 SF retail space 195 rental apartments 495,000 GSF !tower Midtown 29 Miami, Florida 20 story mixed -use residential tower 12,000 SF retail space 570,000 GSF Camden Atlantic Plantation, Florida 8 story multi -family building 269 rental apartments 500 enclosed structured parking spaces 624,751 GSF Mixed Use Buildings Motel Hotel and Residences Miami, Florida 45 story mixed -use tower 254 keys 180 condominiums 104 enclosed parking spaces 480,000 GSF 1-leal I hcore Duke Raleigh Hospital - Surgery OR Addition*, Raleigh, North Carolina 1 /,000 GSF Duke Raleigh Hospital - BiPlane and Vascular Procedure Addition* Raleigh, North Carolina 7,000 GSF Duke Raleigh Hospital - MRI Addition* Raleigh, North Carolina 6,000 GSF building Duke Raleigh Hospital - CT Scan and Nuclear Medicine Renovation* Raleigh, North Carolina 3,000 GSF COMORIte / Office Confidential Pharmaceutical Client* Research Triangle Park North Carolina Master Planning & Programming Request for Proposals Qualifications of Proposer's Team Key Personnel Only include personnel who will play a key role in the Work. Do not include personnel for positions such as CADD Technicians, Inter or Associate level staff, and other similar support personnel. As stipulated in the RFP a 1 page resume is to be included for each of the key personnel. For Miscellaneous Services Agreements the Project Manager will be the lead point of contact for the City. Name Jonathan Raiffe Michael M. Adler David S. Adler Jose Martinez Adam D. Malt Wilfredo Cot -to Tina Spano Morgan Sirlin Chloe Keidaish Eric Zachrison Jonathan W. Cardello Eric Holland Haven Lea Peaden Page 2 of 2 Role Project Manager Principal / Project Mgr. Project Manager Assistant Project Mgr. Assistant Project Mgr, Assistant Project Mgr. Chief Financial Officer Senior Financial Analyst Architect - Residential Architect - Residential Architect - Office Architect - Office Architect - Office Name of Firm Adler Development LLC Adler Group Inc. Adler Development LLC Adler Development LLC Adler Development LLC Adler Development LLC Adler Group Inc. Adler Group Inc. Studio X Architects Inc. Studio X Architects Inc. Stantec Stantec Stantec License No. nia n/a n/a n/a n/a rife n/a AA26002294 / AR91264 AA26002294 Years Years LEED Experience with Firm Certified 10 7 40 40 19 9 30 20 <1 24 <1 15 2.5 5 20 17 AA26000733 / AR93391 20 18 20 AA26000733 AA26000733 9 Per the RFP request, please see bios provided on pages 41-47 "Project Team Qualifications" 10 Yes D Yes El Yes El Yes El Yes 0 Yes LI Yes El Yes 0 Yes [0 Yes r] Yes fl Yes IZ Yes [Z] No EZ1 No No No IZ No VI No No [27j No EZ NoEl No VI No VI No No RFP-QT Request for Proposals Qualifications of Development Entity/Team I nstructions This form is to be completed and submitted in accordance with the RFP requirements to which your firm is responding. Do not leave any blanks or fail to provide any information or details that are required. Failure to submit this form or the use of any other form will result in the rejection of a proposal as non -responsive. The failure to provide the information or details required by the form may result in the rejection of a Response a non- responsive. RFP Solicitation No.: RFP # 15-16-009 RFP Title: Proposal for City Administrative Building Name of Proposer: Lancelot Miami River LLC Adler Development LLC Name of Firm Office Location: City/State Discipline(s) to be provided Adler Development Adler Group Miami / Honda Studio X Architects Inc. Studio X Architects Inc, Stantec Architecture Inc. Stantec Architecture Inc. Pagel of 2 Developer (real estate) Miami / Florida Architect - Residential Miami / Honda Interior Design - Residential Miami / Florida Architect - Office Miami / Florida Interior Design - Office License No. LEED Certified Staff n/a AA26002294 IB26001415 AA26000733 IB26001747 YesE1 NoLLI Yes 0 No 0 Yes gl No El Yes 0 No 0 Yes 0 Noll Yes 0 No 0 Yes 0 No 0 YesE No n L__Ii Yes 0 No Ej Yes 0 No LI FIFP-03 FORM 6 ENTITY CERTIFICAT ON FORMS [This page intentionally left blank] LIMITED LIMB ILITY COMPi NY CERTIFICATION STATE. OE' FLORIDA ) COUNTY OF I .HEREBY CERTIFY that a meeting of the Board of Directors of _LANCELOT MIAMI RIVER LLC ("Limited Liability Company"), a Limited Liability Company existing under the laws of the State of held on MAY 1 11-! „ 200 the .following resolution was duly passed and adopted: "RESOLVED, that, as VICE PRESIDENT_ of the Limited Liability Company, iONA'fflAN RAIFFE is hereby authorized to execute the Proposal dated, MAY I Till , 2010, to the City or Miami and this Limited Liability Company and that the execution thereof, attested by an Officer of the Limited Liability Company and with a seal affixed, shall be the official act and deed of this Limited Liability Coinpany.°' I further certify that said resolution is now in full force Seal A f ant/Title iN 1TNESS VVHEREO 7 was sworn 'o lad subscribed before me this day of )ersonal 20 3, by or who had produced the .following idenn icatiotu PUe ADAm MAJT • op • 1,0 comosION 1 FF 00agOB 4f EXPIRES : Apr it 1, 2017 •44` oc,notimru BurigEl NotifY Ser,110 Notary Public, State of Florida ) My Commission Expires: FAILURE TO COMPLETE, SIGN, AND RETURN TIIIS FORM MA Y DISQUALIFY YOUR RESPONSE. PRIOR TO SELECTION, THE PROPOSER BEING CONSIDERED FOR THE PROPOSAL AWARD WILL HAVE TO SUBMIT A CERTIFICATION OF GOOD STANDING FROM THE FLORIDA DIVISION OF CORPORATIONS. State of lorida Department o State 1 certify from the records of this office that LANCELOT rvriAmi RIVER, 11.,C is a limited liability company organized under the laws of the State of Florida, filed on May 20, 2015, effective May 20, 2015. The document numbey of this limited liability company is L15000089338. 1 further certify that said limited liability company has paid all fees due this office through December 31, 2015 and that its status is active. Given under my hand and the Great Seal of the State of Florida at Tallahassee, the Capital, this the First day of July, 2015 ION Secretary of State Tracking Number: C1181944137643 fo authenticate this certificatc,visit the following site,enter this imm er, and t follow the instructions displayed. littps://services.sunbiz.orgiFilings/Cert ificateOftit atusiCei ificateAuthent ication FORM 7 PROPOSER'S DISCLOSUREIDISCLAIMER Any proposal deemed to be not responsible or non -responsive will be rejected. A responsible Proposer is one that has the capability in all respects to fully perform the requirements set forth in the proposal and the proposed Lease Agreement ("Agreement"), and that has the integrity and reliability which will assure good faith performance. A responsive Proposer is one that has submitted a proposal that conforms in all material respects to the Offering Memorandum or Request fbr Proposals, as applicable (hereinafter collectively referred to as "REP"). Thus, for example, a proposal that has not substantiated the financial capability of a prospective Proposer may be rejected. The City of Miami reserves the right to accept any proposals deemed to be in the best interest of the City, to waive any irregularities in any proposals, or to reject any or all proposals and to re - advertise for new proposals, in accordance with the applicable sections of the City Charter and Code. In its sole discretion, the City may withdraw the REP either before or after receiving proposals, may accept or reject proposals, and may accept proposals which deviate from the REP it deems appropriate and in its best interest. In its sole discretion, the City may determine the qualifications and acceptability of any party or parties submitting proposals in response to this RFP. Pursuant to City Charter Section 29-A, the. City reserves the right to reject all proposals and further, to terminate the 'RFP process and/or contract after a public hearing in the event of any substantial increase in the City's commitment of funds,. Area, or services, or in the event of any material alteration of any contract awarded. This RH is being furnished to the recipient by the City of Miami ("City") for the recipient's convenience, Any action taken by the City in response to proposals made pursuant to this RFP or in making any awards or failure or refusal to make any award pursuant to such proposals, or in any cancellation of awards, or in any withdrawal or cancellation of this REP, either before or after issuance of an award, shall be without any liability of obligation on the part of the City and its advisors. Following submission of a proposal, the Proposer agrees to deliver further details, information and assurances, including financial and disclosure data, relating to the proposal and the Proposer, including the Proposer's. affiliates, officers, directors, shareholders, partners and employees as requested by the City in its discretion, Any reliance on these contents„ or on any communications with City officials or advisors, shall be at the recipients' own risk. Prospective Proposers should rely exclusively on their own investigations, interpretations and analyses in connection with this matter. The UP is being, provided by the City and its advisors without any warranty or representation express or implied, as to its content, its accuracy or completeness. No warranty or representation is made by the, City or its advisors that any proposals conforming to these requirements will be selected for consideration, negotiation or approval. The information contained in this REP is published solely for the purpose of inviting prospective Proposers to consider the clevelopment opportunity described herein.. Prospective Proposers should .make their own investigations, projections, and conclusions without reliance upon the material contained herein. The City and its advisors shall have no obligation or liability with respect to this REP and the selection and award process or whether any award will he made. Any recipient of this 1.'&17P who responds hereto fully acknowledges all the provisions of this disclosure and disclaimer and is. totally relying on said disclosure and disclaimer and agrees to be bound by the terms hereof. Any proposals submitted to the City or its advisors pursuant to this RFP are submitted at the sole. riskand responsibility of the party submitting, such proposal_ l!he offering is made subject to correction of errors, oinissions, or withdrawal from the market without notice. Information is for guidance only and does not constitute all or any part of an. agreement. Furthermore,. until such time as an agreement is executed by the Clity, the selected Proposer shall not have any vested rights, nor title or interest in the subject Property or in the development proposed thereon. The City and the recipient will he bound only if and when a proposal, as same may be modified, and the applicable definitive agreements pertaining thereto, are approved by the Mayor and City Commission and then only pursuant to the terms of the definitive agreements executed among the parties. A response to this REP, or all responses, may he accepted or rejected by the City for any reason, or for no reason, without any resultant liability to the City or its advisors. [he City is governed by the State of Florida Sunshine Law and all proposals and supporting data shall be subject to disclosure as required by such law. All proposals shall he submitted in sealed bid form and shall remain confidential to the extent permitted by Florida Statutes, until the date arid time selected for opening the responses. In the event of any differences in language between this disclosure and disclaimer and the balance of the RFP, it is understood that the .provisions of this disclosure and disclaimer shall always govern. Further, any dispute among the City and the Proposer shall be decided by binding arbitration in Miami -Dade County, Florida, before arbitrators sanctioned by and in. accordance with the rules of the American Arbitration Association. Afi(cidl- /17: evvi; ve( Company Name Printed Name/ Title Date