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HomeMy WebLinkAboutCRA-R-23-0058 BackupSOUTHERN FLORIDA October 5, 2023 Mr. James McQueen Southeast Overtown/Park West Community Redevelopment Agency 819 NW 2nd Avenue, 3rd Floor Miami, FL 33136 Dear Mr. McQueen, Included in this package is information related to Make -A -Wish Southern Florida's new headquarters in the Historic Overtown District - the Finker-Frenkel Wish House. This is the start of a whole new chapter for Make -A -Wish Southern Florida, and we are very excited to be part of the redevelopment within the Southeast Overtown/Park West district. ABOUT MAKE -A -WISH SOUTHERN FLORIDA Make -A -Wish® Southern Florida has a sole mission - creating life -changing wishes for children with critical illnesses. No matter what a child wishes for, the experience is certain to be extraordinary and provide the child and their family with a much -needed escape from doctors and hospitals. Founded in 1983, the 501 © (3) organization has granted more than 14,000 wishes for local children, making the chapter the 5th largest in the world. Wishes are as varied as the children who dream them: a trip to Walt Disney World® Resort to ride on Rise of the Resistance or meet a Disney Princess; have an outdoor playground to play on with your siblings and friends; have a shopping spree at your favorite store; attend a worldwide sporting event; meet your childhood hero; attend college; go on a cruise or visit the country of your family. Wishes have proven to have physical and emotional benefits that can give critically -ill children a higher chance of overcoming their illness. When a wish is granted, a child replaces fear with confidence, sadness with joy and anxiety with hope. A recent national study has quantified the importance of the wish experience. Ninety percent of parents believe "the wish experience results in increased emotional strength for children to work toward improving their health." Nearly 98% of wish kids believe the wish experience improves their own mental and emotional health and gives them hope. OUR NEW HOME IN HISTORIC OVERTOWN The Finker-Frenkel Wish House will change the wish experience for our wish children and their families and will drastically change the way our children discover their wishes. The House is a 5-story, approximately 36,000 SF LEED accredited office building. It includes 3,300 SF of ground level multi -use assembly space as well as WishWorks, an interactive space designed specifically for wish kids to help determine their wishes using experiential and interactive architecture and modern technology designed to unlock their imagination. 4491 South State Road 7 Suite 201 Fort Lauderdale, FL 33314 P. 954.967.9474 F. 954.967.2468 sfla.wish.org Acopy of the official registration and financial information for Make -A -Wish Foundation of Southern Florida, Inc. may be obtained from the Division of Consumer Services by calling toll -free (800) 435-7352. (Registration # SC-00864). Registration does not imply endorsement, approval, or recommendation by the state. Make -A -Wish Foundation of Southern Florida does not contract with professional solicitors and 100% of contributions received are used solely for the organization's mission. In addition to WishWorks and the multi -function space on the ground floor, there is 2,000 SF of outdoor terrace that has amazing views for events and 3 levels of approximately 12,000 SF of office space for Make -A -Wish Southern Florida's headquarters. SERVICES PROVIDED Currently we have 158 children from Miami -Dade County, more than half of which are from the City of Miami, waiting for their wishes. We have more children from Miami -Dade County than any other County in our service area, and it is our intention to make our new home open to them and the entire community. Our building will have the capacity for other community organizations to use when they need space and will aid in bringing us all together as a community. It is our desire to serve as a beacon in Historic Overtown and for our neighboring organizations to use as a place of collaboration. FUNDING THE PROJECT With a $32.7M budget for this project, our faithful donors have done a tremendous job of supporting us and getting us closer to our goal. However, we would like to bridge the gap between what has been raised and what is needed to complete the project. With this in mind, we seek the Southeast Overtown/Park West Community Redevelopment Agency's (CRA) consideration for a financial investment in this very inspirational project in our Overtown community which will eliminate slum and blight, promote and market the community as a cultural and entertainment destination, add job opportunities to the local public, and foster safe community initiatives, all of which are consistent with the CRA's goals and redevelopment plan. As we enter the final stretch of building our new home and prepare to move in, westrongly believe in establishing a solid, supportive, and collaborative relationship with you, the CRA, and our neighbors, while continuing to create life -changing wishes for children with critical illnesses. CONCLUSION We respectfully request that Southeast Overtown/Park West Community Redevelopment Agency (CRA) consider a $7,000,000 investment in our new home and headquarters. This investment will allow us on Day 1 to use the facility for its intended purpose without limitation. erbu�._._— President & CEO Make -A -Wish Southern Florida Included please find 1) Budget for the project, 2) Construction Contract, 3) Loan Agreement, 4) Loan Balance Statement as of September 27, 2023. cc: Vincent Brown, Esq. n SCHEDULE • Significant Milestone Dates • Structural Top Out completed September 30, 2022 • Envelope complete — January 2023 • Permanent Power — Completed June 2023 • TCO estimated for November 2023 • Wish Consultant is engaged estimated duration October through December. • Building CO — December 2023 Make- Wish. _a Ank AMICON EXTERIOR FACADE UPDATE • Current Exterior Facade Update • Structural Steel is complete. • Exterior Glazing has been completed. • Fin Installation on North & South Elevations is complete. • Exterior Glass Entry Doors are installed. • North & South elevation exteriorfin lighting installation is in progress, moving West to East. Make- -Wish. 501,11,10111 FLORIDA AMICON n EXTERIOR FACADE UPDATE Make- Wish. SOYiNSAM IIOIDDA AMICON n SITE PROGRESS UPDATE • Current Site Progress • Temporary fencing on the East & West Elevation has been removed to allow installation of Irrigation & Landscaping. Installation of landscaping throughout is ongoing. • 2nd Layer of Asphalt has been poured and parking lot has been striped. • On -site dry utility installation completed. • FPL Pad, Transformer and meter have been installed; permanent power account has been set up. • Sidewalk grading has been completed and sidewalk, curb and gutters have been poured on 4th Avenue. • FDOT MOT obtained for driveway restoration along 3rd Avenue. • Civil contractor mobilization for interior alleyway and driveway construction to start September 2023. Make- Wish. SOUTNUN aouo. AMICON INTERIOR PROGRESS UPDATE • Interior Progress • Electrical Work throughout the building is underway. • Drywall Framing is ongoing, and drywall hanging/tape & finish is occurring in several areas throughout. • Currently working on layout of framing based on DD drawings from the Wish Consultant on level 1 and level 3. • Test & Balance for HVAC System is complete. • Elevator Installation Complete, pending electrical, low voltage and fire alarm work to finalize. • Ground Level Auditorium Hi -hat installation and chandeliers is ongoing. • Pour 4 of Ground level Terrazzo has begun. Make -Wish. AMICON PROGRESS UPDATE & PHOTOS • Progress Update & Photos • 3rd Floor Terrace: Railing Installation is complete. • Terrace Trellis installation is complete. • Terrace Tile installation is complete. • Terrace Landscaping Installation is ongoing. • Generator Start -Up & Commissioning Complete. • Fire Pump Start-up has been completed, pending report. • Permanent Chiller Installation & Start -Up Complete. Make- Wish j AMICON SOUM V w 11011,0A COST NOT INCLUDED IN ORIGINAL BUDGET • Furniture and Onsite Equipment * • AV Equipment, Low Voltage & Data, Security & Access Control * • Artwork • Dedication/Naming Recognition • Moving & Relocation expenses • Marketing Including Video, Fly Through's and Renderings • Bank Fees • Permanent Account Deposit Fees • Office Window Treatments • Decorative Lighting • Real Estate Taxes • Secondary Utility Services • Wish House Construction and Consulting Costs over to $1,275,000.00 not included • Debt Service costs over $313,753.75 — not included • * Limited AV Equipment, Access Control & Security and kitchen equipment have been included base building scope and revised budgets Make- -Wish. SOUTN[!N ILO*IDA AMICON B1LDGET ID Project Name Current Approved Budget Vendor Commitments Actual MAW- 22528 SUMMARY TOTAL COSTS $28,644,754.51 630,029,295.75 MAN- 2253B MAW- 2254E HARD COSTS 519,567,393.26 $18,523,775.18 MAW- 2255E Construction Hard Costs $19,567,393.26 MAW-2261B Building Construction $16.239.268 92 $15.549.324.71 MAW- 22566 Building Construction - GC S11.681.505 52 $11 679.502 03 MAW-2260B Building Construction - Owner 54,557,763.40 53.869.822 68 MAW- 2259B Specialty - WISH Space $411.717.90 $0 00 MAW-2254B MOT -Allowance $32.500.00 $32.50000 MAW-2258B Owner Direct Purchases S2.883,906.44 S2.941.950,47 MAW-2257B Sales Tax Savings SO 00 7 r, un MAW- 22628 SOFT COSTS 53,086,105.93 57,038,143.98 MAW- 2318B SOFT GOODS / FF8E 9376,608.00 5276,201.52 MAW-23318 LAND 94,201,175.07 54,191,175.07 'MAW-2332B Land Acquisition S4 056 436 30 MAW- 233313 RE Taxes 50.00 $0 00 MAW- 23438 Loan Origination Fees $15.000.00 $15.000.00 MAW- 23446 Escrow Hold 510.000.00 S0 00 MAW- 2345E Land Loan - Debt Service S119.738.77 5119 738 77 MAW- 23468 Project Contingency $1,4113,472.25 50.00 MAW- 2347E Project Contingency 51.413 472 25 50 00 Invoices Received Payments Issued to to Date Actual Date Actual $24,954,253.91 $25,024,645.95 $15,241,956.15 $15.241.956.15 $12,538,352.14 59.004.778.65 $3,533,573.49 $0.00 $25,200.00 $2.678.404,01 50 00 $5,354,232.69 S166,890.00 $4,191,175.07 54.056 436 30 50.00 $15.000 00 $0.00 $119,738.77 50.00 $0.00 $15,326,104.46 $15,326.104.46 S12.538.352.14 S9.004.778-65 $3,533,573,49 $0.00 $25,200.00 $2,762.552,32 S0 00 55,340,476.42 $166,890.00 S4,191,175.07 S4 056 436 30 $0.00 515,000 00 $0.00 S119.738.77 50.00 S0 00 Remaining Commitments to Pay Actual $5,004,048.80 $7,989,746.90 $3,197,670.72 $3.197,670.72 53,010,972.57 $2.674.723.38 $336,249.19 $0.00 $7,300 00 $179, 398.15 cii Cil 51,697,667.56 5109,311.52 50.00 5000 50.00 Projected Balance to Complete 54,299,332.83 94,299,332.83 53.700.916 78 52,676.726 87 51.024.189.91 S411,717.90 57,300.00 S179.398 15 50 00 52,057,223.82 9209,718.00 S10,000.00 SO 00 SO 00 SO 00 510 000.00 SO 00 51,413,472.25 51 413 472 25 **As of 09/01/2023 Project is currently in the process of absorbing the additional cost overruns for operator expenses not originally included in Master Budget as outlined in prior slide. Contingency funds have been committed to account for additional AV and low voltage needs for Operations, additional scope requested and in anticipation of Wish House requirements not itemized. Total project estimated cost with all requirements and complete Wish House Total $32,781,549.73 Make --Wish. f AMICON