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File ID: #18696
Resolution
Sponsored by: Commissioner Ralph Rosado
A RESOLUTION OF THE MIAMI CITY COMMISSION RECONSIDERING
RESOLUTION NO. R-25-0526, WHICH AUTHORIZED THE CITY MANAGER TO
NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT
("AGREEMENT"), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH IG
LUXURY LLC, A DELAWARE LIMITED LIABILITY COMPANY ("IG LUXURY"), A
WHOLLY -OWNED INDIRECT SUBSIDIARY OF BH3 IG DEVELOPER LLC, A
DELAWARE LIMITED LIABILITY COMPANY ("DEVELOPER"), FOR THE SALE, UPON
SATISFACTION OF CERTAIN CLOSING CONDITIONS SET FORTH IN THE
AGREEMENT, OF A PORTION OF THAT CERTAIN PROPERTY LOCATED AT 888
MACARTHUR CAUSEWAY, MIAMI, FLORIDA, FOLIO 01-3231-061-0010, SUCH
PORTION CONTAINING APPROXIMATELY 3.2 ACRES, AND TO NEGOTIATE AND
EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS TO THE AGREEMENT AS MAY BE NECESSARY TO
EFFECTUATE SAID AGREEMENT, ALL IN FORMS ACCEPTABLE TO THE CITY
ATTORNEY, IN COMPLIANCE WITH ALL APPLICABLE LAWS, RULES, AND
REGULATIONS.
City of Miami
Legislation
Resolution
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18696 Final Action Date:1/8/2026
A RESOLUTION OF THE MIAMI CITY COMMISSION RECONSIDERING
RESOLUTION NO. R-25-0526, WHICH AUTHORIZED THE CITY MANAGER TO
NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT
("AGREEMENT"), IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, WITH IG
LUXURY LLC, A DELAWARE LIMITED LIABILITY COMPANY ("IG LUXURY"), A
WHOLLY -OWNED INDIRECT SUBSIDIARY OF BH3 IG DEVELOPER LLC, A
DELAWARE LIMITED LIABILITY COMPANY ("DEVELOPER"), FOR THE SALE, UPON
SATISFACTION OF CERTAIN CLOSING CONDITIONS SET FORTH IN THE
AGREEMENT, OF A PORTION OF THAT CERTAIN PROPERTY LOCATED AT 888
MACARTHUR CAUSEWAY, MIAMI, FLORIDA, FOLIO 01-3231-061-0010, SUCH
PORTION CONTAINING APPROXIMATELY 3.2 ACRES, AND TO NEGOTIATE AND
EXECUTE ALL NECESSARY DOCUMENTS, INCLUDING AMENDMENTS AND
MODIFICATIONS TO THE AGREEMENT AS MAY BE NECESSARY TO
EFFECTUATE SAID AGREEMENT, ALL IN FORMS ACCEPTABLE TO THE CITY
ATTORNEY, IN COMPLIANCE WITH ALL APPLICABLE LAWS, RULES, AND
REGULATIONS.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The City Commission hereby reconsiders Resolution No. R-25-0526, which
authorized the City Manager to negotiate and execute a purchase and sale agreement
("Agreement"), in a form acceptable to the City Attorney, with IG Luxury LLC, a Delaware
Limited Liability Company ("IG Luxury"), a wholly -owned indirect subsidiary of BH3 IG
Developer LLC, a Delaware Limited Liability Company ("Developer"), for the sale, upon
satisfaction of certain closing conditions set forth in the Agreement, of a portion of that
certain property located at 888 MacArthur Causeway, Miami, Florida, Folio 01-3231-
061-0010, such portion containing approximately 3.2 acres, and to negotiate and
execute all necessary documents, including amendments and modifications to the
Agreement as may be necessary to effectuate said Agreement, all in forms acceptable
to the City Attorney, in compliance with all applicable laws, rules, and regulations
Section 2. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS: