HomeMy WebLinkAbout17530 MemorandumOMNI Board of Commissioners Meeting
June 17, 2025
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
Board Chair Damian Pardo
and Members of the CRA Board
Isiaa Jones
Executive Director
Date: June 12, 2025
File: 17530
Subject: Unsolicited Proposal — Empty Lot
located at 1428 NW 1st Avenue
Enclosures:
DISCUSSION ITEM:
This is a discussion item to be heard by the Board of Commissioners ("Board") of the Omni
Redevelopment District Community Redevelopment Agency ("Omni CRA") to consider an
unsolicited proposal submitted by Dragonfly Investments, LLC (the "Developer"). The unsolicited
proposal pertains to the vacant lot located at 1428 NW 1st Avenue, Miami, Florida (the
"Property"), which is currently owned by the Omni CRA. The Developer is seeking a transfer of
the Property in fee simple to facilitate the development of six affordable housing units on the
Property to address the critical need for affordable housing in the neighborhood.
The proposal aligns with the Omni CRA's 2019 Redevelopment Plan, which emphasizes the
importance of maintaining affordable housing for all income levels, particularly for workforce and
lower -income households. The Plan explicitly encourages the acquisition and allocation of land
to developers to enhance the supply of affordable housing (p. 31, Section 4; p. 32).
Furthermore, the Plan's mission includes increasing the proportion of affordable homes for
lower -income and workforce households within the CRA (p. 33).
Pursuant to Chapter 163, Florida Statutes, and Section 18-119 of the City of Miami Code of
Ordinances on unsolicited proposals, if this proposal is of interest to the Board to proceed, then
Board approval is needed so that the Omni CRA may continue with the required due diligence
and notice requirements.
JUSTIFICATION:
Granting this proposal would be consistent with the Omni CRA's mission to foster the
development of attainable housing through successful public and private sector projects. The
proposed development by Dragonfly Investments, LLC, promises to contribute significantly to
the community by expanding affordable housing options, thereby supporting the CRA's strategic
objectives.
Omni
G R A
City of Miami
Legislation
OMNI CRA Discussion
OMNI CRA
1401 N. Miami Avenue
Miami, FL 33136
www.miamicra.com
File Number: 17530 Final Action Date: 6/17/2025
DISCUSSION REGARDING AN UNSOLICITED PROPOSAL SUBMITTED BY
DRAGONFLY INVESTMENTS, LLC FOR THE OMNI CRA-OWNED VACANT LOT
LOCATED AT 1428 NW 1ST AVENUE, MIAMI, FL.
City of Miami Page 2 of 2 File ID: 17530 (Revision:) Printed On: 9/16/2025