HomeMy WebLinkAboutExhibit BATLANTICMLK
A04..P ACIFIC
June 12, 2023
COMMUNITIES
ECONOMIC DEVELOPMENT CORPORATION
George Mensah, Director
City of Miami - Dept. of Housing and Community Development
444 SW 2nd Avenue
Miami, FL 33130
RE: Lofts at Carver Theater ("Project") — Request to Finalize and Execute Purchase and Sale Agreement
Dear Mr. Mensah:
Atlantic Pacific Companies ("AIP"), in partnership with Martin Luther King Economic Development
Corporation ("MLK EDC"), is hereby requesting the City's approval to finalize and execute the Purchase
and Sale Agreement for the Project.
The development plan for the Project includes the demolition of the existing Carver Theater and the
construction of a mixed -use building which will include apartments, a brand-new performing arts center,
and a garage. The apartments will be 100% affordable for residents with incomes averaging 60% AMI (with
a minimum of 40 one -bedroom units) and will feature beautiful amenities for residents. The performing
arts center will be adaptable for approximately 400-person events and will include a fixed stage with
moveable/stackable seating, a storage room, and a catering kitchen. The proposed design of the building
will incorporate a reference to the current facade of the Carver Theater. This program has been approved
by MLK EDC leadership and Chairwoman King.
In order to move forward with the Project, a fully executed Purchase and Sale Agreement is required,
and the City's final approval and execution is kindly requested. An organizational chart for the
partnership between MLK EDC and Al P is attached to this letter as Exhibit A.
On behalf of the partnership,
Kenneth Naylor
President — Development
Atlantic Pacific Communities
3 MIAMICENTRAL 1161 NW 61" STREET, SUITE 1020 I MIAMI, FLORIDA 33136
Organizational Chart
Organizational Chart of Applicant/Owner
Carver Theater, Ltd.
a Florida limited partnership
(Owner)
MLK Carver Theater, LLC
a Florida limited liability company
General Partner - 0.0051%
Martin Luther King Economic
Development Corporation
a Florida Not -for -Profit corporation
(Manager & Sole Member)
Officers & Board Members
Billy Hardemon, Chairman
Helen Stewart, Vice Chair
Amina M. McNeil, President, CEO
Clevell Jennings, Treasurer
Jason Forde, Secretary
Dufirstson J. Neree
APC Carver Theater, LLC
a Florida limited liability company
Managing General Partner — 0.0049%
APCHD MM II Inc.
A Delaware corporation
Manager Member — 1%
Howard D. Cohen
Director
Sole Shareholder
Officers:
Howard D. Cohen, CEO
Randy K. Weisburd, Pres.
Kenneth J. Cohen, VP, Treas.
Stanley D. Cohen, VP
Kenneth Naylor, VP
Howard D. Cohen Revocable Trust
&/or assigns
Limited Partner — 99.99%
Howard D. Cohen
Sole Trustee & Beneficiary
Howard D. Cohen
Revocable Trust
Member — 99%
Howard D. Cohen
Sole Trustee &
Beneficiary
12/1/2022