HomeMy WebLinkAboutCRA-R-18-0041Southeast Overtown/Park West
Community Redevelopment Agency
Legislation
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CRA Resolution: CRA-R-18-0041
File Number: 4853 Final Action Date:9/24/2018
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY, WITH
ATTACHMENT(S) ACCEPTING THE NEGOTIATIONS BETWEEN SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY AND
DOWNTOWN RETAIL ASSOCIATES LLC, TO DEVELOP BLOCK 55, A 3.44
ACRE LAND PARCEL LOCATED AT 249 NW 6TH STREET
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency
("CRA") is a community redevelopment agency created pursuant to Chapter 163, Florida
Statutes, and is responsible for carrying out community redevelopment activities and projects
within its Redevelopment Area in accordance with the 2009 Southeast Overtown/Park West
Redevelopment Plan ("Plan"); and
WHEREAS, Chapter 163.380, Florida Statutes details the requirements for disposal of
CRA owned property within a community redevelopment area; and
WHEREAS, Section 2, Goal 3, at page 11, of the Plan lists the "creati[on of] infill
housing, diversity in housing types, and retaining affordable housing," as a stated
redevelopment goal; and
WHEREAS, Section 2, Principle 4, at page 14, of the Plan provides that "employment
opportunities be made available to existing residents ... ". Further, Section 2, Principle 6, at
page 15 provides that in order to "address and improve the neighborhood economy and expand
economic opportunities of present and future residents and businesses[,] ... [it is necessary to]
support and enhance existing businesses and ... attract new businesses that provide needed
services and economic opportunities ...."
WHEREAS, the CRA owns Block 55, a 3.44 acre land parcel located at 249 NW 6th
Street, Miami, FL (Folio #: 01-0105-050-1120) and it is one of the remaining large parcels of
undeveloped real estate located in the Overtown community, adjacent to downtown Miami; and
WHEREAS, on July 26, 2017, the CRA issued Request for Proposals ("RFP") 17-02 for
the Disposition and Development of Block 55; and on September 26, 2017, the CRA received
two (2) responses to RFP 17-02; and
WHEREAS, On March 1, 2018, The CRA Board of Commissioners accepted and
authorized, through Resolution CRA-18-0009, the selection committee's recommendation to
select Downtown Retail Associates, LLC. as the top ranked proposer to develop Block 55; and
WHEREAS, The CRA Board Commissioners also authorized the Executive Director to
negotiate a development agreement with the top ranked proposer and present any proposed
development agreement on the board for its consideration; and
City of Miami Page 1 of 2 File ID: 4853 (Revision: A) Printed On: 8/29/2025
File ID: 4853 Enactment Number: CRA-R-18-0041
WHEREAS, terms have been negotiated between Downtown Retail Associates, LLC.
and the CRA. (See ExhibitA).The terms of negotiation include the following:
• Closing to occur on July 31, 2018, conveying land and deed restrictions to Downtown
Retail Associates, LLC., in exchange for receipt of $18,000,000.00 (purchase price) by
the CRA
• Sixty (60) days to inspect the property after execution of the contract
• A deposit of $1,000,000.00 after inspection of the property
• Receipt of schematic Design, Design Development and Construction documents after
the inspection occurs
• No less than 500 units with ten (10) percent of all units available as affordable housing;
or alternatively 80/20
• Developer will require general contractor and subcontractors to hire local labor workforce
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MIAMI, FLORIDA:
Section 1 The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated herein as if fully set forth in this Section.
Section 2. The Board of Commissioners hereby authorizes the acceptance of
negotiations for the development of Block 55, 249 NW 6th Street Miami, FL (Folio No. 01-0105-
050-1120).
Section 3. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
E'2Ps Shiver. Executive Director 9/25/2018
City of Miami Page 2 of 2 File ID: 4853 (Revision: A) Printed on: 8/29/2025