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Community Redevelopment Agency
Legislation
OMNI CRA Resolution: CRA-R-24-0069
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.omnicra.com
File Number: 16970 Final Action Date:11/21/2024
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
("CRA"), AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AND
EXECUTE A TERMINATION OF LEASE AGREEMENT AND RELEASE OF ALL
CLAIMS, IN A FORM ACCEPTABLE TO THE GENERAL COUNSEL, BETWEEN
THE CRA AND 1401 GROUP, LLC ("LESSEE"), FOR THE USE OF
APPROXIMATELY 5,400 SQUARE FEET OF PROPERTY LOCATED AT 1401
NORTH MIAMI AVENUE, MIAMI, FLORIDA ("PROPERTY") FOR A
RESTAURANT AND ENTERTAINMENT FACILITY, WITH TERMS AS SET
FORTH IN THE TERMINATION AGREEMENT, ATTACHED AND
INCORPORATED HEREIN; FURTHER AUTHORIZING THE EXECUTIVE
DIRECTOR TO ALLOCATE AN AMOUNT NOT TO EXCEED TWO MILLION ONE
HUNDRED THOUSAND DOLLARS ($2,100,000.00) AS PAYMENT FOR BUILD -
OUT AND IMPROVEMENTS AT THE PROPERTY UNDERTAKEN BY LESSEE
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency
("CRA") is responsible for carrying out community redevelopment activities and projects within
its Redevelopment Area; and
WHEREAS, the CRA Redevelopment Plan at Section 4, Goal D/ Principals A-2, C-4 and
C-5 lists as a goal: "encourage the restoration of historic buildings and [enhance the area's
visual attractiveness to businesses and residents], by creating opportunities for new
development through improvements to the public realm"; and
WHEREAS, pursuant to CRA-R-13-0036, adopted on June 13, 2013, the CRA entered
into a lease agreement, dated November 4, 2013 and as subsequently amended pursuant to
Amendment 1 dated December 30, 2014, with 1401 Group, LLC. ("Lessee") for the use of
approximately 5,400 square feet as a restaurant and entertainment facility, located at 1401
North Miami Avenue, Miami, Florda ("Property") with a term expiring September 30, 2030; and
WHEREAS, the Lessee invested approximately Three Million Four Hundred Thousand
Dollars ($3,400,000.00) in construction, build -out and improvements at the Property; and
WHEREAS, Lessee and the CRA now wish to terminate the lease agreement; and
WHEREAS, the CRA desires to allocate an amount not to exceed Two Million One
Hundred Thousand Dollars ($2,100,000.00) to Lessee for enhancements to the Property; and
WHEREAS, the CRA and Lessee desire to amicably resolve any differences between
the parties and agree to enter into the Termination of Lease Agreement and a release of all
claims, in a form acceptable to General Counsel;
City of Miami Page 1 of 2 File ID: 16970 (Revision:) Printed On: 9/15/2025
File ID: 16970 Enactment Number: CRA-R-24-0069
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
THE OMNI REDEVELOPMENT DISTRICT 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 Executive Director is authorized to negotiate and execute a
Termination of Lease Agreement and release of all claims from, in a form acceptable to the
General Counsel, between the CRA and Lessee, for the use of approximately 5,400 square feet
for a restaurant and entertainment facility.
Section 3. The Executive Director is authorized to allocate an amount not to exceed
Two Million One Hundred Thousand Dollars ($2,100,000.00) to Lessee for construction, build -
out, and improvements at the Property.
Section 4. This resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
ge Wy ng III, C y ttor -y 11/18/2024
City of Miami Page 2 of 2 File ID: 16970 (Revision:) Printed on: 9/15/2025