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Master Report
Enactment Number:
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 18696 File Type: Resolution
Revision:
File Name: Approve - Reconsidering Reso No. R-25-0526
Requesting Dept: Commissioners and Mayor
Status: WITHDRAWN
Controlling Body: City Commission
Introduced: 12/22/2025
Final Action Date: 1/8/2026
Title: 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.
Sponsor(s): Commissioner Ralph "Rafael" Rosado
Notes:
Links:
Attachments: 18696 Notice to the Public (PDF)
18696 Submittal -Elvis Cruz-COMCC Double Density and Watson Island PowerPoint (PDF)
History of Legislative File:
Revision: Acting Body:
Date: Action: Result:
George K. Wysong III
Andrew Frey
Legislative Division
James Brako
Aniska Elliott
Leon P Michel
City Commission
City Commission
12/23/2025
12/23/2025
12/23/2025
12/26/2025
12/26/2025
1/8/2026
1/8/2026
Approved Form and
Correctness
DREAM Review
Legislative Division Review
ACA Review
Budget Analyst Review
Budget Review
Meeting
WITHDRAWN
Pending
Completed
Completed
Completed
Completed
Completed
Completed
Passed
City of Miami Page 1 of 1 Printed on: 1/27/2026