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Home My WebLink AboutCRA-R-26-0011 Backup!iM Omni Omni Community Redevelopment Agency (CRA) Grant Funding Application This form is for government entities, organizations, developers, or individuals seeking grant funding. It gathers key details about the request, including funding amount, purpose, location, and compliance with CRA authority. This represents the first step in the application process. Any additional documentation or proposal must be submitted with this form. Name of Entity/Organization/Property Owner [Enter the legal name ofyour organization] A&E District Holding Company, LLC, a Florida limited liability company Authorized Representative [Name and title of the person authorized to sign] Liam T. Krahe, Authorized Signatory Address [Enter project location] NE Miami Place, NE 15th Street, and NE 1st Avenue City, State, Zip Code Miami, Florida 33131 Phone Number [Authorized Representative] (412) 877-8444 Email Address [Authorized Representative] liam@cohenpropertylaw.com Is your organization a Public Entity? Yes No Is your organization a Non -Profit? Yes No ❑ Is your request within the 2019 Omni CRA Plan Yes No ❑ If yes explain: The project will include 231 rent -restricted multifamily units Applicable Authority under Chapter 163: Any municipal or county liens? [ifyes, please provide details on a separate page] Yes No Purpose or use of Funds To cover the design and other pre -construction costs associated with the development of the Project (defined in the attached engagement letter/proposal) Estimated Total Cost $ $241,632,712.00 CRA Grant Funding Request $ $2,500,000.00 Source of Other Funding and Amount Of applicable) For any questions or assistance, please contact us at 305-679-6852 or omnicra@miamigov.com. !_. Omni \► e R A If applicable, name and address of other entities involved Name: Address: Phone Number: Required Attachments - Engagement Letter. - Proof of property ownership or tenancy. - Photos of the property (Area for proposed enhancements before improvements). - Proposal/including scope of work. - Other documents you believe pertinent to this application. How did you hear about us? Certification I certify that the information provided in this application is true and correct to the best of my knowledge. I understand that submission of this application does not guarantee funding and that any grant received must be used solely for the purposes stated in this application. I agree to comply with all program requirements and guidelines. Authorized Signature Date 2/5/26 For Office Use Only Application Received Reviewed By Approved Amount Approved Denied Reason for Denial Notes: Please submit this completed application and all required attachments to: omnicra@'miamigov.com or Drop off: 1401 North Miami Ave. Miami. F133136 For any questions or assistance, please contact us at 305-679-6868 or omnicra@miamigov.com. COHE\ PROPERTY LAW G R O U P, PLLC LIAM T. KRAHE LIAM@COHE NPROPERTYLAW.COM REPLY TO MIAMI OFFICE February 5, 2026 SENT VIA EMAIL TO: CSuarez(&miamigov.com Carlos I. Suarez Executive Director Omni Community Redevelopment Agency 1401 North Miami Avenue Miami, Florida 33136 RE: Grant Funding Proposal Dear Director Suarez: The undersigned, as authorized representative of A&E District Holding Company, LLC, a Florida limited liability company ("Developer"), is pleased to present to the OMNI Community Redevelopment Agency (the "CRA") the enclosed Grant Funding Application (the "Application") for $2,500,000.00 in grant funding (the "Grant"). This correspondence is provided on behalf of Developer in support of the Application and serves as a proposal for the Grant. L Property Information; Overview of the Project. Developer is the owner of those six (6) contiguous parcels of real property located between NE Miami Place, NE 15th Street, and NE 1st Avenue (identified by Miami -Dade County Folio Numbers: 0131360050940, 0131360050970, 0131360050980, 0131360050950, 0131360050960, and 0131360050990) (collectively, the "Property"). On May 31, 2025, Developer acquired the Property from ABC Biscayne, LLC. The Property has a collective total parcel area of 35,544.65 square feet or 0.82 acres, and is situated in the heart of the OMNI Community Redevelopment boundary and the Arts and Entertainment District — steps away from major public and private employment centers, as well as other prominent retail and civic uses landmarks, including the iconic Signature Bridge, the Underdeck Park, and Miami World Center. Additionally, the Property is located directly adjacent to the School Board Metromover Station and is situated within a Transit Oriented Development zone as established 1221 BRICKELL AVENUE, SUITE 900 - #274, MIAMI, FLORIDA 33131 PHONE: (305) 250-2418 I FAX: (214) 481-0238 Carlos I. Suarez February 5, 2026 Page 2 of 3 by the Miami 21 Zoning Code ("Miami21"). The Property is currently vacant and has remained undeveloped since 2006. Developer intends to develop the Property into a 793,653 gross square foot mixed -use building that is 47 stories in height, consisting of 576 multifamily dwelling units, 4,000 square feet of ground floor retail, and 422 parking stalls reserved for the residents of the Project (the "Project"). As designed, the Project will feature first-class amenities, including two outdoor swimming pools and sun decks, 10,000 square feet of co -working space with large meeting rooms, a fitness studio, saunas and steam rooms, a library and reading rooms, outdoor grills and catering areas, a pet spa, and a dog walk area. The unit mix for the residential component of the Project includes studios and 1-, 2-, and 3-bedroom units that range in size from approximately 500 square feet up to 1,200 square feet. The diverse unit mix is designed to meet the needs of a wide range of community residents, including families, young professionals, and public employees. The total estimated cost of the Project is $241,632,712.00, which includes $7,458,313.00 in pre -construction soft costs. Developer assembled a distinguished and best -in -class team of design professionals, with Kobi Karp Architecture and Interior Design serving as the lead architect for the Project. The Project does not require any special zoning or planning approvals from the City of Miami or relief from Miami21, such as waivers, warrants, or exceptions. Accordingly, the Project, as designed, is being constructed "as of right" under Miami 21, and Developer intends to break ground by late spring of 2026. II. Grant Funding Request. Developer recognizes the need for affordable and work force rental units in the City of Miami. Accordingly, in an effort to foster affordability for community residents, Developer is designating 231 of the 576 residential units in the Project as income restricted (collectively, the "Rent -Restricted Units"), with 221 units designated for individuals who earn up to 120% of the Area Median Income (AMI) for Miami -Dade County, and ten (10) of the units for individuals who earn up to 100% of the AMI for Miami -Dade County*. To deliver the Project inclusive of the Rent -Restricted Units, Developer is seeking financial support from the CRA in the form of the Grant. Developer will use the Grant to offset a portion of the losses that Developer will incur in connection with the Rent -Restricted Units and to cover a portion of the pre -construction costs and expenses, including, but not limited to, building permit fees, water and sewer fees, and impact fees for the Project. If the Application is approved, Developer requests that the CRA release the Grant to Developer promptly after Developer and the CRA enter into an economic incentive agreement for the Grant on terms mutually acceptable to Developer and the CRA. Without the Grant, Developer may be forced to delay the development of the Project, which in turn will delay the delivery of much needed rent -restricted units to the community. Accordingly, Developer's receipt of the Grant is critical to the success of the Project. *As determined by the annual income and rent limits established each year by the Florida Housing Finance Corporation. Carlos I. Suarez February 5, 2026 Page 3 of 3 In exchange for the Grant, Developer will enter into a restrictive covenant that will be recorded against the Property and require Developer and any subsequent owner of the Property to maintain, for no less than 30 years from the date that the covenant is recorded, at least 221 of the residential units in the Project for individuals who earn up to 120% AMI for Miami -Dade County and at least ten (10) of the residential units for individuals who earn up to 100% of the AMI for Miami -Dade County. Developer will have the right to adjust the annual rent for the Rent -Restricted Units to the rent limits established by the Florida Housing Finance Corporation. The proposal for the Grant set forth herein aligns with the CRA's redevelopment objectives outlined in the 2019 Amendment to the Redevelopment Plan, which emphasizes the importance of housing affordability and encourages the creation of high -quality and diverse communities where residents of varying demographics can live and enjoy. Indeed, the Project will serve as a diverse and vibrant community hub that will enhance the economic vitality of the surrounding area. Furthermore, the Project will reduce slum and blight, improve the walkability of the surrounding area, promote non - vehicular means of transportation, and provide employment opportunities for residents. We appreciate the CRA's consideration of the Application. If you have any questions about the Application or the other documents enclosed with this Letter, please contact the undersigned at the phone number or email address listed above. Sincerely, Cohen Property Law Group, P.C. 1 Liam T. Krahe Enclosures PROPERTY APPRAISER OF MIAMI-DADE COUNTY Summary Report Folio Property Address FL Owner AAND E DISTRICT HOLDING , COMPANY LLC Mailing Address Primary Zone 01-3136-005-0940 0 1221 BRICKELL AVE 900 274 MIAMI, FL 33131 6402 URBAN CORE 24 STORY/7FLR Primary Land 1081 VACANT LAND - COMMERCIAL Use VACANT LAND Beds / Baths /Half Floors 0 0/0/0 Living Units 0 Actual Area 0 Sq.Ft Living Area 0 Sq.Ft Adjusted Area 0 Sq.Ft Lot Size 6,300 Sq.Ft Year Built 0 INFOAMA119N Year 2025 Land Value $2,520,000 Building Value S0 Extra Feature Value SO Market Value $2,520,000 Assessed Value $921,785 2024 2023 $2.268.000 $1,890,000 $0 $0 $0 $0 $2,268.000 $1,890.000 $837.987 $761.807 Benefit Type 2025 Non - Homestead Cap Assessment Reduction 2024 2023 S1,598,215 $1,430,013 $1,128,193 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). 36 53 41 PB A-49 1/2 ROBBINS-GRAHAM & CHILLINGSWORTH LOT 7 BLK 13 & W1/2 OF ALLEY LYG E &ADJ CLOSED PER ORD 13492 LOT SIZE 6300 SQ FT M/L Generated On: 00/16/2025 LE MEIN ON MINN Year 2025 2024 2023 COUNTY Exemption Value Taxable Value SCHOOL BOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value $0 $921,785 $0 $0 $837,987 $761,807 $0 $0 $0 $2.520,000 $2.268.000 51.890,000 $0 $921,785 50 $921,785 $0 $0 $837,987 $761.807 30 SO $837,987 $761,807 1111It' TT", p'I1 UN Previous Sale 01/29/2025 08/15/2011 05/01/2004 08/01/1977 Price OR Book - Page $20.900,000 34780-4904 $2,706,450 27803-3454 $342,000 22315-0256 $17,100 09760-0323 Qualification Description Qual on DOS. multi - parcel sale Qual on DOS, multi - parcel sale Other disqualified Sales which are qualified The Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www,miamidad e.gov/info/disclaimerasp PROPERTY APPRAISER OF MIAMI-DADE COUNTY Summary Report PIIOPEBTY INFORMATION Folio Property Address Owner Mailing Address Primary Zone Primary Land Use Beds / Baths /Half Floors Living Units Actual Area Living Area Adjusted Area Lot Size Year Built 01-3136-005-0950 1516 NE 1 AVE MIAMI, FL 33132-0000 AAND E DISTRICT HOLDING COMPANY LLC 1221 BRICKELL AVE 900 274 MIAMI, FL 33131 6402 URBAN CORE 24 STORY.I7FLR 1081 VACANT LAND - COMMERCIAL VACANT LAND 0/0/0 0 0 0 Sq.Ft 0 Sq.Ft 0 Sq.Ft 9,450 Sq.Ft 0 *.1uf.1l, ,1 N 1MMA1IEN Year Land Value Building Value Extra Feature Value Market Value Assessed Value Benefit Type Non - Homestead Cap 2025 $3,780.000 $0 SO $3.780,000 $1,410,928 2024 53,402,000 S0 S0 $3,402.000 $1.282.662 2023 $2.835,000 $0 $0 $2.835.000 $1,166.057 Assessment Reduction 2025 2024 2023 $2,369,072 $2,119,338 $1,668,943 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). ROBBINS-GRAHAM & CHILLINGSWORTH PB A-49 1/2 LOT 8 & N30FT OF LOT 9 BLK 13 & E1/2 OF ALLEY LYG W &ADJ CLOSED PER ORD 13492 Generated On: 09/16/2025 ea ... rt at -""gr' 024 ii.photogr 200 ft "IL I Year 2025 2024 2023 COUNTY Exemption Value Taxable Value SCHOOL BOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value $0 $0 $0 $1,410,928 $1,282,662 $1.166,057 50 50 $0 $3.780,000 $3.402.000 $2.835.000 $0 $0 $0 $1.410,928 $1.282,662 $1.166.057 50 yr] $0 $1,410,928 $1,282,662 $1,166,057 'i IF0RMAi111N. Previous Sale 01/29/2025 08/17/2011 0 7/01 /2000 01/01/1987 Price OR Book - Page 520, 900,000 34780-4904 $1,250,000 27803-3457 $300,000 19219-4747 $110.000 13175-2584 Qualification Description Qual on DOS. multi -parcel sale Qual on DOS, multi -parcel sale Deeds that include more than one parcel Deeds that include more than one parcel The Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.mramidad e.gov/info/disclaimer.asp PROPERTY APPRAISER OF MIAMI-DADE COUNTY Summary Report Folio Property Address FL Owner AAND E DISTRICT HOLDING , COMPANY LLC Mailing Address Primary Zone 01-3136-005-0960 0 1221 BRICKELL AVE 900 274 MIAMI, FL 33131 6402 URBAN CORE 24 STORY./7FLR Primary Land 1081 VACANT LAND - COMMERCIAL Use VACANT LAND Beds / Baths /Half Floors 0 0/0/0 Living Units 0 Actual Area 0 Sq.Ft Living Area 0 Sq.Ft Adjusted Area 0 Sq.Ft Lot Size 4,725 Sq.Ft Year Built 0 ASSIESSItNT INFORMA110l1 Year Land Value Building Value Extra Feature Value Market Value Assessed Value 2025 $1.890.000 $0 S0 $1.890,000 S705,458 2024 2023 S1,701,000 $1,417,500 $0 $0 $0 $0 $1,701,000 $1,417.500 $641,326 $583,024 TION Benefit Non - Homestead Cap Type 2025 Assessment Reduction 2024 2023 $1,184,542 $1,059.674 $834,476 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). 36 53 41 PB A-49 1/2 ROBBINS-GRAHAM & CHILLINGSWORTH S3OFT OF LOT 9 & N15FT OF LOT 12 BLK 13 & E1/2 OF ALLEY LYG W & ADJ CLOSED PER ORD 13492 Generated On: 09/16/2025 VALUE WHIRMATION Year 2025 2024 2023 COUNTY Exemption Value Taxable Value SCHOOL BOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value $0 $705,458 $0 $641,326 $0 $583,024 S0 $0 50 $1.890,000 51, 701.000 $1,417,500 $0 $0 $0 $705,458 $641,326 $583,024 50 $0 SO $705,458 $641,326 $583,024 ORM iI'I]N. Previous Sale 01/29/2025 08/17/2011 0 7/01 /2000 01/01/1987 520, 900,000 34780-4904 $1,250,000 27803-3457 $300,000 19219-4747 $110.000 13175-2584 Price OR Book- Qualification Page Description Qual on DOS. multi -parcel sale Qual on DOS, multi -parcel sale Deeds that include more than one parcel Deeds that include more than one parcel The Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidad e.gov/info/disclaimer.asp PROPERTY APPRAISER OF MIAMI-DADE COUNTY Summary Report PROPERTY INFORMATION W Folio Property Address Owner Mailing Address Primary Zone Primary Land Use Beds / Baths /Half Floors Living Units Actual Area Living Area Adjusted Area Lot Size Year Built 01-3136-005-0970 1515 NE MIAMI PL MIAMI, FL 33132-0000 AAND E DISTRICT HOLDING , COMPANY LLC 1221 BRICKELL AVE 900 274 MIAMI, FL 33131 6402 URBAN CORE 24 STORY./7FLR 1081 VACANT LAND - COMMERCIAL VACANT LAND 0/0/0 0 0 0 Sq.Ft 0 Sq.Ft 0 Sq.Ft 5,250 Sq.Ft 0 ASSESSMENT INFORMA1JON Year Land Value Building Value Extra Feature Value Market Value Assessed Value 2025 $2.100.000 $0 $0 $2,100,000 $768,154 2024 S1,890.000 $0 $0 $1, 890.000 $698,322 Benefit Type 2025 Non - Homestead Cap Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). 2023 $1.575,000 $0 $O $1,575.000 $634,839 Assessment Reduction 2024 2023 $1,331,846 $1,191,678 $940,161 ROBBINS-GRAHAM & CHILLINGSWORTH PB A-49 1/2 N5OFT OF LOT 10 BLK 13 & W1/2 OF 13492 LOT SIZE 5250 SQ FT M/L Generated On: 09/16/2025 LE VALUE IN MATIUN Year COUNTY Exemption Value Taxable Value SCHOOL BOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value 2025 $0 2024 $0 2023 $0 $768,154 $698,322 $634,839 S0 SO $0 $2.100,000 $1.890.000 $1.575,000 $0 $0 $0 $768,154 $698,322 $634.839 $0 $0 $0 $768,154 $698,322 $634,839 ORMA I ION Previous Sale 01/29/2025 $20.900,000 34780-4904 08/15/2011 S2.706,450 27803-3454 10/01/2003 Price OR Book- Qualification Page Description Qual on DOS. multi - parcel sale Qual on DOS, multi - parcel sale $90,000 21775-4959 Other disqualified The Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidad e.gov/info/disclaimer.asp PROPERTY APPRAISER OF MIAMI-DADE COUNTY Summary Report Folio Property Address Owner Mailing Address Primary Zone 01-3136-005-0980 0 FL AAND E DISTRICT HOLDING , COMPANY LLC 1221 BRICKELL AVE 900 274 MIAMI, FL 33131 6402 URBAN CORE 24 STORY.!7FLR Primary Land 1081 VACANT LAND - COMMERCIAL Use VACANT LAND Beds / Baths /Half Floors 0 0/0/0 Living Units 0 Actual Area 0 Sq.Ft Living Area 0 Sq.Ft Adjusted Area 0 Sq.Ft Lot Size 7,350 Sq.Ft Year Built 0 AMMERINFORMATWN Year Land Value Building Value Extra Feature Value Market Value Assessed Value Benefit Type Non - Homestead Cap Assessment Reduction 2025 $2,940,000 $0 S0 $2,940,000 $1,075.417 2024 S2,646.000 $0 50 $2,646.000 $977,652 11.1 2023 $2,205,000 $0 5O $2.205,000 $888,775 2025 2024 2023 $1,864,583 $1,668.348 $1,316,225 Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). ROBBINS-GRAHAM & CHILLINGSWORTH PB A-49 1/2 S10FT OF LOT 10 & LOT 11 BLK 13 & W1/2 OF ALLEY LYG E &ADJ CLOSED PER ORD 13492 Year Generated On' 09/16/2025 11 II IN l'MAT link 2025 2024 2023 COUNTY Exemption Value $0 Taxable Value $1,075,417 SCHOOL BOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value $0 $0 $977,652 $888,775 SO $0 50 $2.940,000 $2.646.000 $2.205.000 $0 $1.075,417 $0 $1,075,417 $0 $0 $977,652 $888,775 SO 50 $977,652 $888,775 ORMA I ION Previous Sale Price OR Book - Page 01/29/2025 $20.900,000 34780-4904 08/15/2011 S2.706,450 27803-3454 10/01/2003 $250,000 21775-4961 Qualification Description Qual on DOS, multi - parcel sale Qual on DOS, multi - parcel sale Other disqualified The Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidad e.gov/info/disclaimer.asp PROPERTY APPRAISER OF MIAMI-DADE COUNTY Summary Report PIIOPEBTY INFORMATION Folio Property Address Owner Mailing Address Primary Zone Primary Land Use Beds / Baths (Half Floors Living Units Actual Area Living Area Adjusted Area Lot Size Year Built 01-3136-005-0990 1502 NE 1 AVE MIAMI, FL 33132-0000 AAND E DISTRICT HOLDING COMPANY LLC 1221 BRICKELL AVE 900 274 MIAMI, FL 33131 6402 URBAN CORE 24 STORY.I7FLR 1081 VACANT LAND - COMMERCIAL VACANT LAND 0l0/0 0 0 0 Sq.Ft 0 Sq.Ft 0 Sq.Ft 4,200 Sq.Ft 0 *iJ i N IRMAl19H Year Land Value Building Value Extra Feature Value Market Value Assessed Value 2025 2024 2023 $1.680.000 S1,512,000 51.260,000 $0 S0 SO SO S0 $0 $1.680,000 $1,512.000 $1.260.000 $627.077 $570.070 $518.246 a II;1,S1 hJ1i� Benefit Type 2025 2024 Non -Homestead Assessment Cap Reduction Note: Not all benefits are applicable to all Taxable Values (i.e. County, School Board, City, Regional). 2023 $1,052,923 $941.930 $741,754 36 53 41 PB A-49 1/2 ROBBINS-GRAHAM & CHILLINGSWORTH S45FT OF LOT 12 LESS S5FT BLK 13 & E1/2 OF ALLEY LYG W & G ADJ CLOSED PER ORD 13492 Generated On' 09/16/2025 Year COUNTY Exemption Value Taxable Value SCHOOL BOARD Exemption Value Taxable Value CITY Exemption Value Taxable Value REGIONAL Exemption Value Taxable Value 'i IF0RMAi111N Previous Sale 01/29/2025 08/17/2011 07/01/2000 09/01 / 1973 50 $0 $0 $627,077 $570,070 $518,246 50 $0 $0 S1.680,000 51.512.000 51,260,000 $0 $0 $0 $627,077 $570,070 $518,246 SO 50 50 $627,077 $570,070 $518,246 Price OR Book - Page 520, 900,000 34780-4904 $1,250,000 27803-3457 $300,000 19219-4747 $31.533 00000- 00000 Qualification Description Qual on DOS. multi -parcel sale Qual on DOS. multi -parcel sale Deeds that include more than one parcel Sales which are qualified The Property Appraiser is continually editing and updating the tax roll. This website may not reflect the most current information on record. The Property Appraiser and Miami -Dade County assumes no liability, see full disclaimer and User Agreement at http://www.miamidao e.govlinfoidisclaimer.asp : s lki,„11,,,,,TLE. •'11 WF is- IMO 1502 N E 1st Ave, Miami, FL © the design content materiel attached is the sate properly of Kobi Karp Architecture and Interior Design. Inc. The design material may nal be used without the expressed written consent of Kohl Karp Architecture and Interior Design, Inc (KKAIDI• Ark WWW,K081KARP.CO A901 - PERSPECTIVE RENDERING.pdf 1502 NE 1st Ave, Miami, FL The design content material attached is the sole properly of Kobi Karp Architecture and Interior Design. Inc. The design material may not be used wlihout the expressed written consent of Kobi Karp Architecture and Interior Design. Inc (KKAID). 1502 NE 1st Ave, Miami, FL ®The design conlenl motenol attached Is the sole property of KOb' Karp Archlleclure and Interior Deslan. Inc. 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