HomeMy WebLinkAboutResolutionCity of Miami
Resolution
Legislation
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.
SPONSOR(S): Commissioner Ralph "Rafael" Rosado
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:
City of Miami Page 1 of 1 File ID: 18696 (Revision:) Printed On: 1/27/2026