HomeMy WebLinkAboutSubmittal-Commissioner Rosado-Miami DDA PacketStitir.tti,k1 into to 7 `c‘ . Lk
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Miami DDA Boundaries, Revenue Generation & Service Allocation Oversight
1. Boundaries & District Definition (FOUNDATIONAL)
1. Provide the official legal boundary map of the Miami DDA, including
subdistricts.
Attachment A
2. When were these boundaries last modified, and what was the policy
ratiorirale for those changes?
Attachment B
3. Are there areas currently included in the Miami DDA that do not receive a
proportional level of services? Identify them.
Services are provided within the District, as requested and needed.
Because. cities function as shared ecosystems, not isolated islands.
When one part of the city struggles, the whole city pays the price,
economically, socially, and in quality of life. When one part thrives, the
benefits ripple outward.
4. Are the adjacent high -growth areas outside the Miami DDA that are
benefiting without contributing revenue indirectly?
If the. area is outside the Miami DDA boundary, the Miami DDA c,aes
not spend time or resourca3 on those areas; thus, the Miami DDA.
does not gather or monitor those data sets. Perhaps the City of
Miami may have such data. That said, Downtown Miami iz not an
isolated district, but as the shared urban core of the erlt:re City of
Miami. While it is true that there are adjacent, high -growth ar<: s
outside the Miami DDA boundary that may benefit from the. economic
activity, infrastructure, and vibrancy generated within Downtown, this
dynamic is best understood not as an imbalance but as a reflection of
how cities function as integrated, interdependent systems. Downtown
Miami serves as the economic, cultural, and civic heart of the city. The
services provided by the Miami DDA, ranging from public safety
support and cleanliness to marketing, events, and capital
improvements, create a ripple effect that extends well beyond its
geographic boundaries. These investments enhance the ovarall
perception and competitiveness of Miami as a global city, support
regional employment, tourism, and business attraction, strengthen
property values and economic activity citywide, in this sense, the
entire City of Miami benefits from a strong and vibrant Downtown
Miami. When Downtown thrives, Miami thrives.
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5. What criteria does the Miami DDA use to define, segment, and prioritize
subareas within its jurisdiction?
The Miami DDA utilizes a comprehensive and multifaceted framework
to define, segment, and prioritize subareas within its jurisdiction. This
approach is not based on a single criterion, but rather on the
integration of strategic planning, stakeholder engagement, and real-
time community input. Key factors that inform this process include:
1. Adopted Master Plans and Strategic Priorities, long-term
planning documents provide the foundational vision for
Downtown Miami, helping to guide how subareas are defined
and where focused investment is most appropriate.
ii. Governance and Institutional Direction, input and direction from
Miami DDA Committees and the Board of Directors play a
critical role in shaping priorities, ensuring that decisions align
with organizational goals and public policy objectives.
iii. Stakeholder and Community Engagement, ongoing dialogue
with residents, businesses, property owners, and taxpayers
helps the DDA remain responsive to the evolving needs of the
community. This includes formal and informal feedback
channels.
iv. Operational Assessments and Field Observations, regular, on -
the -ground evaluations of conditions —such as cleanliness,
safety, economic activity, and infrastructure —allow the DDA to
identify areas requiring attention or enhanced services.
v. Direct Public Input and Communication Channels, feedback
received through phone calls, emails, and social media
outreach provides real-time insight into community concerns,
service gaps, and emerging issues within specific subareas.
vi. Data -Driven and Issue -Based Prioritization, areas are often
prioritized based on demonstrated need, level of impact, and the
potential for targeted interventions to generate broader
benefits.
vii. Bi-annual retreat, in which data is reviewed and utilized to
set Miami DDA goals and priorities.
Overall, this layered approach ensures that the Miami DDA's
segmentation and prioritization of subareas is strategic, inclusive, and
responsive, balancing Tong -term vision with immediate community
needs.
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2. Revenue Generaticri by Geography (CORE OVERSIGHT)
6. Provide a detailed breakdown of total revenue by subdistrict for the past 5
years.
Attachment C
Year
2021
2022
2023
2024
2025 *
Miami DDA Tax
$9.67M
$10.57M
$11.89M
$12.96M
$12.18M
Taxable Value
$21.5B
Mill Rate
0.4505
$23.5B
$26.4B
$28.8B
$31.2B
0.4505
TV Growth
Baseline
0.4505
0.4505
0.3900
+9.3%
+12.6%
+8.9%
+8.6%
*The 2025 mill rate cut from 0.4505 to 0.3900 reduced revenue by approximately
$778K despite $2.47B in additional taxable value. At the prior rate, 2025 revenue
would have been approximately $14.1 M.
7. For each subdistrict, specify:
i. Total taxable value
ii. Annual tax increment generated
iii. Year -over -Year Growth Rate
Sub -District
Brickell
CBD
Arts &
Entertainment
Miami DDA
Total
Taxable Value
(2025)
$16.29B
$12.35B
$2.59B
2025 Miami
DDA Tax
$6.35M
$4.82M
$1.01 M
$31.23B
$12.18M
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% of
Miami
DDA
52.2%
39.5%
8.3%
TV
Share
52.2%
39.5%
8.3%
YoYTV
+8.6%*
+8.6%*
+8.6%*
100%
100%
+8.6%
2025:
Brickell — $6.35M total
Property Category
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Miami DDA Tax
Residential Non -Homestead $3,314,179
Office $1,353,673
Retail/Commercial $779,540
Residential Homestead $679,775
Hotel/Hospitality $222,526
Other $4,326
Central Business District — $4.82M total
% of Sub -District
52.2%
21.3%
12.3%
10.7%
3.5%
0.1 %
Property Category Miami DDA Tax
Residential Non -Homestead
$2,505,428
% of Sub -District
52%
Office
$873,905
18.1%
Retail/Commercial
$830,024
17.2%
Residential Homestead
Hotel/Hospitality
Other
$344,889
7.2%
$206,976
4.3%
$54,208
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Arts & Entertainment — $1.01 M total
Retail/Commercial
DDA Tax l % of Sub -District
$453,789
Residential Non -Homestead
$406,822
44.9%
40.2%
Office
$48,018
4.7%
Hotel/Hospitality
Other
$42,936
4.2%
Residential Homestead
$34,864
3.4%
$25,015
2.5%
8. Which specific subdistrict generates the highest share of Miami DDA
Revenue, and what percentage of the total does it represent?
Sub -District
Brickell
2025 DDA Tax % of Total Rank
$6,354,018
52.2%
#1*
Central Business District
Arts & Entertainment
$4,815,430 39.5%
$1,011,444
8.3%
#2
#3
*Brickell generated $6.35M in fiscal year 2025, representing 52.2% of total Miami
DDA revenue. This is driven by the concentration of high -value condominium
towers along Brickell Avenue and Brickell Bay Drive where assessed values per
square foot are materially higher than elsewhere in the district. District 2
(Commissioner Pardo) contributes 51.2%, and District 3 (Commissioner Escalona)
contributes 48.8% within Brickell.
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9. Provide a ranked list of the top 10 revenue -generating properties or
developments within the Miami DDA.
Address
300 Biscayne Boulevard
1000 Brickell PIz Uph6201
1000 Biscayne Blvd
851 Ne 1 Ave
1331 Brickell Bay Dr
6
398 Ne 5 St
8
9
10
1100 Brickell Bay Dr
900 Biscayne Blvd R-101
200 S Biscayne Blvd
465 Brickell Ave
Sub -
District
CBD
Brickell
CBD
CBD
Brickell
CBD
Brickell
CBD
CBD
Brickell
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DDA Tax
$336,461
$223,173
$209,335
$196,567
$183,397
$181,400
$167,700
$162,997
$159,900
$151,403
Units
526
85
569
341
646
1
1
711
Dist.
D2
D3
D2
D2
D2
D2
D2
D2
D2
10. How much of total revenue is driven by:
i. Office properties
ii. Residential (condo/apartment)
iii. Retail/Hospitality
Use Type
Miami DDA Tax
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% of Total
(2025)
Residential (condo/apartment) $7,281,332
59.8%
Notes
Largest
category
Office $2,253,136
Retail / Commercial $2,080,225
Hotel / Hospitality $472,438
18.5%
Concentrated
in CBD
17.1%
All three
districts
3.9%
Biscayne Blvd
corridor
Other / Institutional $93,762
Total $12,180,893
0.8%
Parking,
exempt partial
100%
11. Do you have or can you provide me with a block -by -block or parcel -level
heat map showing where revenue is most concentrated?
Attachment C
The four highest -concentration zones are:
• Brickell Avenue from SE 8th Street to the Miami River -- highest density of
high -value towers
• Biscayne Boulevard from NE 1st to NE 7th Street — includes the #1 and #3
revenue buildings
• The NE 1st Avenue / Bayfront corridor including 851 NE 1 Ave and 398 NE 5
St
• Northern A&E along Biscayne Blvd from NE 14th to NE 21st Street —
previously a data gap, now resolved via county shapefile
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New parcels (entered roll
2021-2025)
Existing parcels (present in
both 2021 and 2025)
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12. What percentage of revenue growth is coming from new construction versus
appreciation of existing assets?
Pa:cell 2025 DOA Tax % ►T Tot l
$887,509 7
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3. Service & Investment Allocation by Area (EQUITY TEST)
13. Provide a side -by -side comparison for each subdistrict showing:
i. Revenue generated
ii. Total dollars invested
iii. Types of services delivered
Metric
Miami DDA Revenue
(2025)
Share of Miami DDA
Total
Total Taxable Value
Geocoded Parcels
Commission Districts
Dominant Use
' Largest Revenue
Category
Miami DDA Tax / sqft
Taxable Value / sqft
Brickell
$6,354,018
52.2% *
$16.29B
—19,100
D251.2%/D3
48.8%
Central Business
District
$4,815,430
39.5%
$12.35B
—10,800
D2 87.0% / D5
13.0%
Residential condo
Office / mixed -use
Res. Non -HEX
52.2%
$0.189
$485 *
Attachment C & Attachment D
Res. Non -HEX
52.0%
$0.162
$415
Arts &
Entertainment
$1,011,444
8.3%
$2.59B
—2,100
D2 100%
Retail / mixed -use
Retail/Comm.
44.9%
$0.107
$274
14. Which areas receive more investment than they generate, and what is the
policy justification?
Services are provided within the District, as requested and needed.
Cities are built on the idea that residents share responsibility for the
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common good. Subsidizing underserved neighborhoods reflects
fairness, dignity, and equal access to opportunity.
15.Which areas generate significantly more revenue than they receive in
services?
The Miami DDA does not evaluate or allocate services based on a
direct comparison of revenue generation versus services received at
the subarea level. Instead, the organization operates under a district -
wide model, where resources are pooled and reinvested to benefit
Downtown Miami as a whole. All services are provided within the
District, as requested and needed, and are guided by operational
demands, strategic priorities, and community input rather than a strict
revenue -to -service ratio. While it is recognized that certain high -
growth or high -value areas may contribute a greater share of revenue
to the district, the DDA's approach is intentionally structured to ensure
that:
i. Resources are deployed where they are most needed
ii. Services respond to real-time conditions and community
requests
iii. Investments support the overall health, safety, and economic
vitality of Downtown
16.What is the per -acre or per -capita investment level per subdistrict?
A true per -acre figure is unavailable because the LotSize field in the
Miami -Dade PA roll records zero for condominium parcels, which hold
a percentage interest in a building rather than a discrete land parcel.
AdjustedSqFt (building floor area) is the best available proxy and is
used throughout.
Sub -District
Brickell
CBD
Miami DDA Taxable Val / Miami DDA Total Floor
Tax / sqft sqft Tax / parcel Area
$0.189 $485 $213 21.5M sqft
$0.162 $415 $258
17.2M sqft
Arts &
Entertainment
$0.107
$274
$202
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Brickell's $435 taxable value per square foot is 75% higher than Arts
and Entertainment ($274) and 17% higher than the CBD ($415).
Because the DDA applies a uniform mill rate, this value density directly
explains Brickell's revenue contribution. The CBD's higher tax per
parcel ($258 vs. $213 for Brickeli) reflects fewer but larger commercial
assessments rather than higher per-sqft values.
17.Can you provide me with a breakdown of service categories by area,
including:
i. Public safety/security
ii. Cleaning and maintenance
iii. Marketing and events
iv. Capital Improvements
Attachment D
18. How are decisions made when high -revenue areas request increased
services? Are they prioritized?
Decisions regarding requests for increased s .r ices, whether from
high -revenue areas or any other part of the district, are made through
a structured, needs -based, and mission -aligned process, rather than
being driven solely by revenue contribution. The Miami DDA operates
i.nder the guiding principle of "One Downtown Miami," where all
resources are considered part of a shared investment in the overall
success of the urban core. As such, while high -revenue areas are
important contributors to the district, they are not automatically
prioritized based on revenue alone. When requests for additional
services are received, they are evaluated based on several key factors:
i. Demonstrated need and urgency (examples: safety concerns,
cleanliness, activation gaps)
ii Operational assessments and field conditions
iii. Alignment with strategic priorities and Master Plan goals
iv. Community and stakeholder input (including residents,
businesses, and property owners)
v. Potential district -wide impact and benefit
vi. All services are provided within the District, as requested and
needed, ensuring that responses remain flexible and
responsive to real-time conditions.
Requests, regard:ess of origin, are typically reviewed through:
vii. Staff evaluation and operational teams
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viii. Committee discussions, where appropriate
ix. Board of Directors oversight, particularly for significant
adjustments or reallocations
19.Are there baseline service standards applied uniformly, or does service
intensity vary based on revenue contribution?
Cities with deep neighborhood disparities face higher costs in
policing, emergency services, public health, and infrastructure decay.
Subsidizing underserved areas: reduces Tong -term public spending,
stabilizes property values citywide, attracts businesses and talent,
lowers crime through opportunity, not enforcement. Every dollar spent
on affordable housing, early childhood education, parks, or transit in
Tower -income areas yields multiple dollars in long-term economic
benefit. It's one of the highest-ROI investments a city can make.
20. Provide examples where funding was intentionally shifted from one area to
another and explain why.
Under the leadership of Chairman Commissioner Manolo Reyes, and
with the support of his Staff, during his tenure (which began in 2019)
as Chair of the Miami DDA Board, there was a clear policy emphasis
on strengthening the urban core of Downtown Miami, especially the
CBD. This shift aligned with a long-standing vision to revitalize the
historic center of the city and restore its prominence as the economic
and cultural heart of Miami. The CBD is historically the city's primary
employment and governmental hub, containing millions of square feet
of office space and the majority of civic institutions. However, in
recent decades, economic activity had increasingly shifted toward
areas like Brickell, leaving portions of the CBD underutilized.
i. Examples:
1. Business Incentive Programs Reoriented Toward the
CBD - The Miami DDA expanded financial incentives (over
$1 million in grants) to attract businesses specifically into
Downtown. including the CBD.
2. Programs such as ground -floor retail grants and
commercial lease incentives were designed to: Fill vacant
storefronts. activate street -level retail, and encourage
office tenancy in the CBD
3. Targeted Retail Revitalization (e.g., Flagler Street focus) —
The Miami DDA paused and reassessed broader
incentive programs to concentrate efforts on key
corridors like Flagler Street within the CBD. This reflects
a deliberate shift from more dispersed funding (across
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Downtown districts) to focused investment in the historic
commercial spine.
4, Shift Toward Small and Mid -Sized Businesses -
Incentives were restructured to prioritize local retail,
startups. and raid -size firms, rather than solely large
corporate relocations. This represents a funding shift in
type as well as geography, favoring activation and
vibrancy over purely office -based growth.
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4. Resource Allocation Methodology (ACCOUNTABILITY)
21. What formal formula or framework does the Miami DDA use to allocate
funds geographically?
The Miami DDA does not operate under a rigid or purely geographic
funding formula that distributes resources evenly by district
boundaries. Instead, its frame-Aork for allocating funds is rooted in a
more holistic, needs -based, and mission -driven approach, one that
reflects the philosophy of a shared urban ecosystem rather than a
collection of competing neighborhoods. At its core, the Miami DDA
functionswith the understanding that Downtown Miami is one
interconnected city center, where the success of any one area
contributes to the vitality of the whole. In this sense, funding is not
simply a matter of "who oats what by geography," but rather where
investment can produce the greatest collective benefit. The 2025
Miami DDA Masterplan is available on the Miami DDA website at all
times for public viewing.
22. Is there a minimum of services for all areas regardless of the revenue
contribution?
As a local public agency, in accordance with Florida Statutes, no
entity, individual, or property owner is guaranteed any entitlement.
There is a baseline level of services that the Miami DDA ensures
across a'I areas of Downtown Miami, regardless of the specific
revenue contribution of any individual subdistrict. This reflects a
fundamental commitment to equity, shared stewardship, and the
understanding that Downtown functions as one interconnected
community. At a minimum, all areas benefit from core services and
initiatives provided through the DDA, including:
1. Downtown Enhancement Team (DET) services, which
support cleanliness, maintenance, and quality of life
2. Ambassador Program, offering hospitality, wayfinding,
and visible presence throughout Downtown
3. Marketing and communications efforts that promote
Downtown Miami as a unified destination
4. Events and activations that bring energy, culture, and
economic activity to multiple areas
5. Public safety coordination and support, contributing to a
safe and welcoming environment
6. Capital improvements, such as streetscape
enhancements and public realm investments.
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While these services are consistently available across the district, the
level and intensity of investment may vary based on the needs of each
area. This ensures that resources are directed thoughtfully, enhancing
areas that require additional support while maintaining a strong
foundation everywhere.
23. How often is the allocation model reviewed, and who approves the
adjustments?
The allocation model and overall budget of the Miami DDA are
reviewed on a regular annual basis, with additional opportunities for
adjustment as needed throughout the year. This process reflects a
commitment to transparency, accountability, and thoughtful
stewardship of public resources. Formally, the annual budget is
reviewed each year through a structured and inclusive governance
process that involves multiple levels of oversight:
i. Miami DDA Committees — Initial discussions and evaluations
take place at the committee level, where proposed allocations,
adjustments, or reallocations are carefully reviewed based on
current needs and priorities.
il. Board of Directors — Recommendations from committees are
then presented to the full Board, where they are delib'ratecl,
approved, or denied through a public and collaborative
decision -making process.
iii. City of Miami Commission — Ultimately, the approved budget is
submitted to the City Cornmission for final review and adoption,
ensuring alignment with broader municipal priorities and public
accountability.
In addition to the annual cycle, if charges or reallocations are needed
during the year, those discussions are also brought forward through
the committee structure first and then require formal approval by the
Board of Directors.
This multi -layered review process ensures that:
iv. Funding decisions remain responsive to evolving commun;ty
needs
v. Allocations are made with collective input and oversight
vi. Public funds are managed with integrity and fairness
24. Does the Board receive regular geographic performance reports, and can
you provide receipt examples?
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Yes, the Board of Directors does receive regular geographic
performance reports, primarily through Committee Meetings and
Executive Reports. These reports provide ongoing updates and
insights on conditions, service delivery, and performance across
different areas within the District. They are used to:
i. Monitor operational effectiveness (examples: cleanliness,
safety, activation)
ii. Identify emerging needs or areas requiring additional attention
iii. Support informed, data -driven decision -making
Committee Meetings serve as a key forum where more detailed, area -
specific discussions take place, allowing for deeper evaluation of
geographic performance and service levels.
Additionally, Executive Reports presented to the Board summarize
district -wide activities, highlight trends, and often include updates on
specific subareas as needed.
Together, these reporting mechanisms ensure that the Board
maintains regular visibility into geographic performance across
Downtown Miami, reinforcing transparency, accountability, and
alignment with the DDA's mission.
25. What safeguards exist to prevent over -concentration of resources in high -
visibility areas at the expense of others?
The Miami DDA has several built-in safeguards and governance
practices that help prevent the over -concentration of resources in
high -visibility areas at the expense of other parts of the District. These
safeguards are rooted in the organization's commitment to equity,
accountability, and its vision of "One Downtown Miami." First, the
Miami DDA follows a needs -based service model, where all services
are provided within the District, as requested and needed, rather than
being allocated based solely on visibility or revenue generation. This
ensures that quieter or Tess prominent areas still receive attention
when conditions warrant it. Second, the multi -layered governance
structure serves as a critical safeguard:
i. Committee Meetings allow for detailed review and discussion of
conditions across all subareas
ii. The Board of Directors provides oversight, ensuring that
decisions are balanced and aligned with district -wide priorities
ill. The City Commission ultimately reviews and approves the
annual budget, adding an additional level of public
accountability
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Third, the Miami DDA relies on continuous geographic performance
reporting, including Executive Reports and operational updates,
which provide visibility into how services are distributed across the
District. This transparency helps identify any potential imbalances
and supports corrective action when needed. Additionally,
stakeholder and community input from residents, businesses,
property owners, and direct communications such as emails, calls,
and social media ensure that all areas have a voice, not just those with
higher visibility. Finally, the Miami DDA's strategic planning
framework, including its Master Plan and mission -driven priorities,
reinforces a balanced approach by emphasizing Tong -term, district -
wide impact over short-term or highly visible investments.
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5. Transparency & Reporting (Pressure Point)
26.Why does the Miami DDA not publish an annual a public facing geographic
breakdown of revenue versus investment?
The Miami DDA provides an annual report of its finances as
required by City Code similar to ail other City agencies, like
OMNI CRA, SEOPW CRA, Midtown CRA, and MPA.
A!so, there is available the following:
i. The Annual Report, which outlines overall performance,
initiatives, and investments across the District
ii. Committee Meetings, which are open to the public and include
detailed discussions on area -specific conditions, priorities, and
resource allocation
fl. Executive Reports, regularly presented to the Board and
publicly accessible, which often contain geographic updates
and operational insights
Through these channels, the Miami DDA provides ongoing visibility
into how resources are deployed, including geographic context where
relevant, without framing investments strictly as a revenue -versus -
return comparison.
From a mission -driven perspective, the Miami DDA's approach reflects
its commitment to "One Downtown Miami." where resources are
viewed as a shared investment in the collective success of the urban
core. As such, funding decisions are guided by need, impact, and
strategic priorities, rather than a direct geographic balancing of
revenue and expenditures.
The Miami DDA remains committed to transparency and
accountability and continues to provide accessible, public -facing
information through its established reporting and governance
processes.
27. Will you commit to producing an annual "revenue vs. Services by district
"report for the Commission?
The Miami DDA provides an annual report of its finances as
required by City Code similar to all other City agencies, like
OMNI CRA, SEOPW CRA, Midtown CRA, and MPA.
Also, the following is available:
i. The Annual Report, which outlines overall performance,
initiatives, and investments across the District
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ii Committee Meetings, which are open to the public and include
detailed discussions on area.specific conditions, priorities.
and resource allocation
Executive Reports, regularly presented to the Board and
publicly accessible, which often contain geographic updates
and operational insights
Through these channels, the Miami DDA provides ongoing visibility
into how resources are deployed, including geographic context where
relevant, without framing investments strictly as a revenue -versus -
return comparison.
From a mission -driven perspective, the Miami DDA's approach ref?ects
its commitment to "One Downtown Miami," where resources are
viewed as a shared investment in the collective success of the urban
core. As such, funding decisions are guided by need, impact, and
strategic priorities, rather than a direct geographic balancing of
revenue and expenditures.
The Miami DDA remains committed to transparency and
accountability and continues to provide accessible, public -facing
information through its established reporting and govern:a,,ce
processes.
28. Can you provide a clear, visual map overlay showing where money is
generated versus where it is spent?
Attachment C and Attachment D
29. How can taxpayers in a specific subdistrict determine whether they
receive fair value for their contribution?
Property owners are not homogeneous, some property owners care
and put a lot of value on transit, some care about cleanliness, other
care about safety or the ambassadors.
Taxpayers have the opportunity to actively participate in the process
through:
i. Direct communication (emails, calls, social media).
ii. Engagement with Miami DDA staff and leadership.
iii. Participation in monthly public meetings. where feedback is
considered in decision -making.
Page 19 of 27
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30. What steps will you take to improve real-time transparency of geographic
spending?
The Miami DDA is committed to continuously enhancing transparency,
accessibility, and accountability in the allocation of resources across
Downtown Miami To improve real-time visibility of geographic
spending, the Miami DDA suggests the following:
i. District -Based Budget Reporting — The Miami DDA will provide
a budget divided by district, made available to both the City
Commission and the public, offering clearer insight into how
resources are distributed geographically.
ii. Enhanced Executive Reporting - Ongoing Executive Reports
will continue to include geographic context, with an emphasis
on making updates clearer, consistent, and accessible to
stakeholders.
iii. Strengthened Committee -Level Transparency - Committee
Meetings, which are open to the public, will continue to serve
as a platform for more detailed, real-time discussions on area -
specific needs, service levels, and resource allocation
decisions.
iv. Improved Public Access to Information - The Miami DDA will
continue to ensure that reports, meeting materials, and updates
are readily available online. allowing taxpayers and
stakeholders to stay informed on an ongoing basis.
v. Responsive Community Engagement - Input received through
emails, phone calls, and social media will remain a critical, real-
time feedback mechanism to identify needs and inform how
resources are deployed across subareas.
vi. Alignment with the Vision of "One Downtown Miami" - All
transparency efforts will continue to reflect the Miami DDA's
mission -driven approach, ensuring that information is shared in
a way that reinforces equity, clarity, and collective benefit,
rather than creating a purely transactional view of investment.
Page 20 of 27
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6. Strategic Equity & Policy Questions (HIGH PRESSURE)
31. Is the Miami DDA operating under a philosophy of reinvestment where
revenue is generated, or redistribution across the district?
Neither. Like all the City of Miami agencies tasked with removing
blight and incentivizing community development, such as OMNI
CRA and SEOPW CRA, the Miami DDA mission is focused on
the totality of the needs for the community.
32.If redistribution is the goal, what is the policy justification and limit of that
approach?
Like all the City of Miami agencies tasked with removing blight
and incentivizing community development, such as OPMNI CRA
and SEOPW CRA, the Miami DDA mission is focused on the
totality of the needs for the community.
33. How do you respond to stakeholders in high -contributing areas who may
feel they are subsidizing other parts of downtown?
Similar to the City of Miami, the needs of the blighted areas are
prioritized to ensure blight is contained or abated so it does not
expand nor begin affecting high value area.
34. Conversely, how do you justify continued investment in Tower -performing
areas without clear ROI?
Continued investment in lower -performing areas is grounded in both
the policy framework established by the Downtown Development
Authority of the City of Miami Code and the broader mission or
fostering a vibrant, inclusive, and economically resilient Downtown.
The Miami DDA is not solely tasked with generating immediate or
isolated return on investment (ROI), but rather with advancing the
long-term economic health, stability, and competitiveness of the entire
district. As outlined in its governing code, the Miami DDA's purpose
includes promoting economic development, improving conditions,
and enhancing the overall quality of life throughout Downtown
Miami —not just in areas that are already performing at a high level.
From this perspective, investment in Tower -performing areas is
justified by several key considerations, such as targeted investment
intended to catalyze future growth, reduce vacancy, and stimulate
private -sector investment. While immediate ROI may not always be
evident, these efforts are designed to generate sustainable, long-term
returns for the district as a whole. A thriving Downtown requires that
all areas contribute to its vitality. Allowing certain corridors or
subareas to decline can have negative spillover effects on adjacent
Page 21 of 27
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neighborhoods, property values, and overall perception. Strategic
investment helps stabilize and elevate the entire urban core. The
Miami DDA's governing framework supports equitable and needs -
based allocation of resources, reinforcing its responsibility to address
disparities and ensure that all parts of Downtown receive appropriate
attention and opportunity.
While ROI remains an important consideration, the DDA's approach
recognizes that strategic investment in lower -performing areas is
essential to achieving a cohesive, resilient, and prosperous
Downtown Miami —one where success is shared and sustained over
time.
35. What is the Tong -term strategy to ensure all subdistricts become net
contributors rather than dependent areas?
The Tong -term strategy to ensure that all subdistricts evolve into
strong, self-sustaining contributors is grounded in the vision and
framework of the Downtown Miami 2050 Master Plan. This plan
establishes a forward -looking roadmap focused on creating a
balanced, resilient, and interconnected urban core where all areas can
thrive economically and contribute to the district as a whole.
The plan prioritizes strategic investment in underperforming areas to
stimulate business growth, reduce vacancies, and attract private
investment. By activating corridors and supporting small and mid-
sized businesses, these areas are positioned to transition from
dependent to productive contributors. Long-term capital
improvements, such as enhanced streetscapes, mobility, lighting, and
public spaces create the conditions necessary for sustained
economic activity and increased property values across all
subdistricts.
In the near term, resources are allocated based on need, recognizing
that some areas require additional support to reach their full potential.
Over time, this approach is designed to close performance gaps and
create more evenly distributed economic strength. Improving
connectivity between subdistricts ensures that economic activity,
visitors, and residents can move seamlessly throughout Downtown,
allowing growth in one area to support others.
The ultimate goal of the 2050 Master Plan is not to treat areas as
permanently dependent or independent, but to elevate all subdistricts
to a level where they actively contribute to the overall success of
Page 22 of 27
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Downtown Miami. In this way, the Miami DDA's Long-term strategy
reflects both economic foresight and civic responsibility, building a
future where all subdistricts share in and contribute to the prosperity
of One Downtown Miami.
Page 23 of 27
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7. Forward -Looking Planning & Risk
36. If a major revenue -generating area (e.g. Brickell) experiences a downturn,
how will service levels across the entire Miami DDA be impacted?
If a major revenue -generating area such as Brickell were to experience
a downturn, the Miami DDA would manage the situation through its
district -wide, diversified, and needs -based approach, ensuring
continuity of essential services across ali subdistricts while making
thoughtful, strategic adjustments as needed. Because the Miami DDA
operates under a pooled funding model, revenues are not tied
exclusively to one area, but rather contribute to a shared resource that
supports all of Downtown Miami. Additionally, ongoing performance
monitoring and stakeholder input would help identify areas where
service levels must be maintained or adapted to address emerging
conditions.
From a broader perspective, the Miami DDA's mission of "One
Downtown Miami" ensures that no single area's performance dictates
the well-being of the entire district. Instead, the focus remains on
collective stability and shared resilience.
37.Are there contingency plans to rebalance services if revenue concentration
becomes too skewed?
Yes, the Miami DDA has built-in governance processes and
operational flexibility that function as contingency measures to
rebalance services if revenue concentration becomes overly skewed.
While the Miami DDA does not rely on a rigid formula, it operates
within a structured, continuously reviewed framework that allows for
timely adjustments based on financial conditions, service demands,
and district -wide priorities. Through Executive Reports, Committee
Meetings, and operational assessments, the Miami DDA continuously
evaluates both revenue trends and service distribution across
subdistricts. This allows early identification of imbalances or shifts in
economic conditions. All services are provided within the District, as
requested and needed, which inherently allows the DDA to rebalance
service levels in response to changing circumstances rather than
being locked into fixed geographic allocations.
38. How does the Miami DDA plan to diversify its revenue base geographically?
The Miami DDA's approach to diversifying its revenue base
geographically is guided by its long-term vision under the Downtown
Miami 2050 Master Plan and its commitment to building a balanced,
Page 24 of 27
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resilient, and self-sustaining urban core. Rather than relying on a
limited number of high -performing areas, the Miami DDA is focused
on expanding economic activity across all subdistricts, ensuring that
more areas contribute meaningfully to the district's overall revenue
base over time. Through incentives, marketing, and activation
programs, the Miami DDA encourages a broader mix of businesses
across Downtown, helping to distribute economic activity more evenly
rather than concentrating it in a few high -density areas. Investments
in infrastructure, streetscapes, lighting, and public spaces enhance
the attractiveness of multiple subdistricts, creating the conditions
necessary for increased property values and commercial activity.
39.What capital investments are being made today to increase future tax
generations in underperforming areas?
The Miami DDA is making targeted capital investments/improvements
today with the explicit goal of increasing future tax generation and
economic activity in underperforming areas, consistent with the
vision of the Downtown Miami 2050 Master Plan and the mission of
"One Downtown Miami." These are designed not only to address
current conditions, but to create the foundation for long-term growth,
private investment, and increased property values across all
subdistricts.
i. Investments in sidewalks, lighting, landscaping, signage, and
pedestrian infrastructure are being implemented to improve
walkability, safety, and overall attractiveness. These
improvements make underperforming areas more desirable for
businesses, residents, and visitors —ultimately supporting
increased economic activity.
ii. Focused investments in key corridors aim to reactivate vacant
storefronts, restore historic assets, and drive retail occupancy.
By strengthening these high -visibility corridors, the DDA is
catalyzing broader neighborhood revitalization and future tax
base growth.
iii. Enhancements to parks, plazas, and gathering spaces,
combined with programming and events, help generate
consistent foot traffic and community engagement, which are
essential for supporting local businesses and increasing
economic output.
iv. Investments in lighting, cleanliness infrastructure, and
coordinated public safety measures contribute to a safer, more
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welcoming environment, which is a key driver for both private
investment and increased property values.
v. Through capital improvements and incentive -aligned upgrades,
the Miami DDA supports the transformation of underutilized
ground -floor spaces into active retail and commercial uses,
directly contributing to economic productivity.
vi. A critical component of increasing future tax generation is
ensuring that all subdistricts are well-connected and
accessible. The DDA continues to explore and support
alternative transportation solutions across the District,
including Freebee services to provide flexible, last -mile
connectivity between subdistricts. Water taxi and waterfront
mobility options, enhancing access along Biscayne Bay and
connecting key destinations. Exploration of additional micro -
mobility and shared transportation solutions, implemented
where feasible and as needed. These transportation initiatives
help bridge gaps between higher- and lower -performing areas,
increasing foot traffic, accessibility, and economic opportunity
across all of Downtown.
vii. The Miami DDA also continues to evaluate opportunities to
strategically deploy DRI (Downtown
Redevelopment/Improvement) funds across different areas of
the District. These funds are considered based on need and
potential impact, to support catalytic projects in
underperforming areas, to complement capital improvements
and economic development efforts, this ensures that funding is
leveraged in a way that maximizes long-term returns and
equitable growth across all subdistricts.
40.Should the Commission consider revisiting or redrawing the Miami DDA
boundaries to better align revenue and service delivery?
The question of revisiting or redrawing the Miami DDA boundaries is
an important policy consideration; however, it should be approached
thoughtfully within the broader context of the Miami DDA's mission,
governance structure, and long-term vision of "One Downtown
Miami."
At present, the Miami DDA operates effectively as a unified, district -
wide entity, where resources are pooled and allocated based on need,
strategic priorities, and district -wide impact, rather than strictly
aligning revenue generation with service delivery by geography. This
model recognizes that Downtown Miami functions as an
Page 26 of 27
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interconnected urban core, where economic activity, mobility, and
public realm improvements transcend boundaries.
Downtown's subdistricts are highly interdependent. Adjusting
boundaries to align strictly with revenue could risk fragmenting
planning efforts and undermining the cohesive strategy that supports
overall economic vitality.
The Miami DDA's role, as outlined in its governing framework, is to
promote and enhance the entire Downtown area, including supporting
underperforming corridors so they can become future contributors. A
strictly revenue -aligned boundary approach may limit this ability.
That said, it is reasonable for the Commission to periodically evaluate
boundaries as part of long-term strategic planning, particularly in light
of:
i. Significant shifts in growth patterns or economic concentration
ii. Expansion of Downtown's functional footprint
iii. Opportunities to align with the 2050 Master Plan and future
development trends
iv. Any such consideration should be guided by a comprehensive
analysis of economic impact, service delivery, governance
implications, and stakeholder input.
Page 27 of 27
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. City Clerk
MEMORANDUM
To: Nicholas Martinez, AICP, Miami DDA
From: Paul Lambert, Lambert Advisory
Date: October 18, 2017
Subject: The Underline — Economic Impact Assessment
Introduction and Summary of Findings
The Miami DDA is currently considering the expansion of its boundaries to include the right-of-way lands
underneath the Miami MetroRail (and referred to herein as The Underline right-of-way), which effectively lies
immediately outside of the Miami DDA's western boundary and runs south from the Miami River to S.E. 15th
Road. Lambert Advisory (Lambert) was engaged by the Miami DDA to utilize The Underline's methodology
promulgated by HR&A Advisors to determine the marginal property value benefits of expanding the Miami
DDA boundaries that include The Underline right-of-way to continue to revitalize and preserve property
values within the existing and expanded :Miami DDA boundaries in accordance with its creation under
Florida Chapter 65-1090.
In late 2015, Friends of The Underline' engaged HR&A Advisors (HR&A) to provide an economic analysis
of The Underline in its entirety, which essentially extends from the southern boundary of Miami River (in
Downtown Miami) to the Dadeland South Station (and described in more detail below). The HR&A Study
(Creating Value Through Open Space: The Economic Impacts of the Underline (December 2015), included as Appendix A
herein, provides an overview of the methodology, research, data and assumptions supporting the analysis of
The Underline's total economic impact and potential value creation. The figures provided in this
memorandum are based upon the same methodology, data and assumptions utilized within the HR&A Study
but rather than being associated with the entire length, are specifically related to the segment of The
Underline that solely borders the Miami DDA.
The methodology, assumptions and analysis undertaken for this assessment is provided in two sections
below: 1.) Brief Overview of the Underline and Study Background Material; and 2.) Incremental Value Analysis for Miami
DDA Boundary Expansion. In sum, based upon HR&A Advisors methodology as described in the December
2015 study, the marginal benefits to the City of Miami and Miami DDA is derived from enhanced property
assessment values on existing properties, as well as potential new development. As summarized in Figure 1
below, and specific to existing properties, the proposed expanded area of The Underline within the Miami
DDA provides an estimated $1.0 to $1.7 million in annual incremental property tax revenue to the City
of Miami; and, $60,000 to $ 100,000 to Miami DDA.
1 Fr ends of Th. Underhee a 507C3 ,c :of z organization ation ad`„ca
Marrs Metroral,
transion-n approximately ly 10
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Figure 1: Summary of Estimated Incremental Value from Existing Properties - The Underline: City
of Miami and Miami DDA
Existing MDD
•t
Current Incremental
Total Assessed
Bldg. SqFt. Assessed �y Value
Value "�[ry'+wet a
14.6 million $4.3 billion
$130M to
$215M
Increment Tax
Revenue to
Ci t
rf upper)
$1.0M to $1.7M
Increment Mx
Revenue to
MDDA
poi rar/uppea9
$60Kto $100K
Additionally, The Underline is estimated to create annual incremental tax revenue from new construction of
$300,000 to the City of Miami; and, $17,000 to Miami DDA.
Figure 2: Summary of Incremental Value from New Construction: The Underline - City of Miami
and Miami DDA
New Development
IIt{ rv.tnent l
Assessed Value
$37.5 million
Increment `€'a
Revenue to
City
$300,000
1.) Brief Overview of The Underline and Background to the HR&A Study
fttcrctnent Tax
Revenue to
MDDA
$17,000
The Underline represents a proposed linear park on underutilized right-of-way beneath Miami's Metrorail and
extends approximately 10-miles north -to -south. It is public land owned by Miami Dade County, and
currently exempt from ad valorem tax. The Underline will effectively run from its northern boundary located
at the northeast quadrant of S.W. 1st Court and the Miami River (Downtown Miami), and continues south to
its terminus located at Dadeland South Station (in Unincorporated Dade County, between the City of South
Miami and City of Pinecrest).
The Underline passes through several municipalities and has a stated goal of connecting communities;
improve pedestrian and bicyclist safety; create over one hundred acres of open space with restored natural
habitats; encourage a healthy lifestyle and active transportation; create a mobility corridor that integrates
transit, car, biking and walking, connect people to place with engaging art and programming; facilitate
sustainable development along the corridor; and, generate significant economic impact.
Submittal into 'tee pub
record ! li, L bs)
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Figure 2: Map of The Underline
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City auk
As noted above, The Underline currently lies immediately outside of the Miami DDA's western boundary and
runs south from the Miami River to the Miami DDA's southern boundary (S.E. 15th Road). The Miami
DDA is considering expanding its western boundary to include The Underline right-of-way, as illustrated in
Figure 3 below. Miami Dade County will maintain ownership of the right-of-way, and is anticipated to
remain exempt from ad valorem tax.
As noted above, The Underline currently lies immediately outside of the Miami DDA's western boundary and
runs south from the Miami River to the Miami DDA's southern boundary (S.E. 15th Road). The Miami
DDA is considering expanding its western boundary to include The Underline right-of-way, as illustrated in
Figure 3 below. Miami Dade County will maintain ownership of the right-of-way, and is anticipated to
remain exempt from ad valorem tax.
The HR&A study (included herein as Appendix A) concluded that improvements associated with the
Underline will create substantial incremental value for existing and future real estate development. Through
literature review and internal case studies (on a national scale), the HR&A Study establishes a methodology
for estimating incremental value enhancement on properties affected by improvements to open and public
space similar to that proposed for The Underline. Accordingly, the Study's incremental value analysis focuses
intently on three primary uses: residential, office and retail. Accordingly, there are two key variables that drive
the value increment:
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1.) Area of Impact HR&A established a dual section 500-foot and 1,760-foot study area establishing the
area of influence for properties impacted by Underline improvements. In effect, all residential
properties within the broader 1,760-foot distance were included in the incremental value estimation,
while the 500-foot boundary was established for office and retail incremental valuation; and,
2.) Value Premium: The HR&A study determines a value premium associated with proximity to open
space, which essentially defines broad categories of urban open space within which to contextualize
The Underline's value creation potential, including signature parks, community/neighborhood parks,
linear parks, and natural parks. HR&A indicated that a weighted average range of 3% to 5% across
all value segments modeled from aggressive to conservative for the Underline were consistent with
national averages for value premiums associated with community parks and natural areas. Within the
corridor -wide study area, HR&A then categorized parcels into a variety of segments based on their
physical relationships to The Underline. Factors impacting the potential for The Underline to
positively impact surrounding real estate include: existing infrastructure, and variations in level of
park capital and programming investment.
2.) Incremental Value Analysis for Miami DDA Boundary Expansion
Based upon the methodology and incremental value metrics within the HR&A Study, we ran an incremental
value analysis for the residential, office and retail properties within the Miami DDA boundary that are
likewise within 500 and 1,760 feet of The Underline corridor. The following map outlines the Miami DDA
parcels extending one-third mile from The Underline utilizing the Miami Dade County GIS Database and
Miami Dade County Property Appraiser (MDCPA) parcel data. The 1/3-mile radius sets forth the boundary
for identifying residential parcels impacted by The Underline. The map also includes an identification of the
500-foot boundary within which the office and retail2 uses are impacted in accordance with the HR&A Study
methodology.
2 The HR&A Study removes large shopping malls such as Dadeland, Shops at Sunset Place, and Shops at Merrick Park from its retail valuation
since these uses are largely dependent upon vehicular access. Therefore, based upon this methodology, the portion of Brickell City Center
within the impacted area has been removed from the analysis herein.
Suks,r2qtscl into a public
record f r m(s) t\ .
City auk
Figure 3: Map of Proposed Expanded The Underline Right -of -Way, and Parcels in Miami DDA
within 1/3 Mile & 500 feet of The Underline
_SW-13
11,�1 lllfff
The Underfine parcels within 600 Feet of The Underline
L..: Existing DDA Boundary Line Parcels Between 500 Feet and 1/3 Mile of The Underline
%7 Proposed Expanded DDA Boundary — including The Underline Right -of -Way
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Based upon applicable residential, office and retail parcel data extrapolated from a current analysis of the
MDCPA database, the table below provides a summary of the total assessed value of the impacted properties
within the Miami DDA, with a highlight of incremental increase in assessment based upon the 3% (lower)
and 5% (upper) value premium resulting from the proposed Underline improvements. Furthermore, the
table provides a summary of the annual incremental real estate tax from the Miami DDA properties that will
accrue to the City of Miami and the Miami DDA based upon 2017 millage rates: -
Figure 4: Miami DDA Property — Estimated Annual Incremental Value and Tax Revenue Analysis
E istirig MDDA
Total Building
Current Total
Assessed
Value
14.6 million $4.3 billion
Incremental
Assessed
Value 1
(lower f upper)
$130M to
$215M
lncremet Mt
Tax Revenue
to City
(lower/ripper)
$1.0M to
$1.7M
Increment
Tax Revenue
to MDDA
(1oowet/ippt'r)
$60K to $100K
As summarized above, the Miami DDA properties impacted by The Underline totals 15± million square feet
of built space, with a total assessed value of $4.3 billion. Based upon the premium value increments detailed
by HR&A resulting from The Underline, the total assessed value of the Miami DDA properties increases by
$130 million to $215 million, resulting in an estimated $1.0 million to $1.7 million in additional annual tax
revenue to the City of Miami; and, $60,000 to $100,000 to the Miami DDA.
In addition to the value enhancement benefits to existing properties, the HR&A Study identifies other
benefits created by the Underline and, namely, new development that may not otherwise occur and provide
additional value to new developments currently in planning. At the time of the HR&A Study, more than 50
projects (comprising more than 20 million square feet, and $3 billion in assessed value) were identified as
proposed, planned and/or pipeline sites either slated or positioned for redevelopment into residential uses
within the entire Underline study area that are likely to be catalyzed by or experience an increment in value
due to proximity to The Underline. Of these projects, the largest share (estimated to be more than 50 percent
of assessed value) is located in the Brickell area (and within the Miami DDA boundary). Though it is quite
difficult to narrowly define how much new development would occur as a result of Thefi'Jnderline in light of
economic, financial, political and regulatory variables that impact new djvelopment over an extended period
of time, extrapolating the analysis within the HR&A study for that subsection of The Underline within the
DDA would indicate that development within the Miami DDA would represent at least 25 percent of the
total $3 billion estimated within the HR&A Study. Based upon capturing 25 percent of the added Underline
value within the DDA, The Underline will create additional incremental value of up to $37.5 million in the
impacted area of the Miami DDA, through enhanced rents and sale prices and increasing asset value for
future developments. This will, in turn, generate roughly $300,000 in annual incremental tax revenue to
the City of Miami; and, $17,000 for the Miami DDA.
H
ohibtrittesl into, the ',tub
record
on
City Cleat
Creating Value Through Open Space:
The Economic Impacts of The Underline
3
'V I
cember 201 S
The Underline
Arrirkyo. % dyise. Act.
`::u rr.+ned into the public
on City act*
APPENDIX A
TABLE OF CONTENTS
;divined into the
record+ l rq I m( )_ \ 4
on �j City Clerk
Executive Summary 2
Open Space as Value Creation 5
Economic & Fiscal Benefits 6
Construction Impacts 6
Impacts of Park Operations 7
Real Estate Value Creation 8
New Development 10
City -Building 12
Conclusion 15
Technical Appendix: Study Methodology 16
H
Produced by HR&A Advisors, Inc.
1:3SAAdvise. Act. for the Friend of The Underline ( Decer'tihet 2015
twitted into the public
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A signature opportunity for Miami -Dade: The Under ine
The Underline will become a signature
linear park and urban trail improving the
quality of life for Miami -Dade County
residents and generating economic
benefits to thousands of residents,
businesses and properties.
The Underline will create a new type of
open space amenity that connects
neighborhoods and bolsters existing
transportation nodes throughout the 10-mile
corridor, expanding the benefits of health
and wellness to local residents through
new recreational and transportation
alternatives. As a new signature open
space, The Underline will strengthen the
civic fabric and brand of Miami -Dade
County.
The Underline will also catalyze new real
estate development and increase the
value and fiscal potential of surrounding
properties, which will benefit from
proximity to open space, access to
destination programming and improved
urban connectivity.
A'LINK BETWEEN
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4:(114If
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.
PhiltAth Mgr
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HR&A Advisors, Inc. Economic Benefits of The Underline
Creating value & catalyzing development
Increasing property values Spurring new development
& tax revenues
• The Underline will become a
valuable amenity for surrounding
neighborhoods, creating $300-$485
million in incremental assessed
value for property owners.
• Increased property values will
equate to $6 to $10 million in new
annual tax revenue for Miami -Dade
County and the cities of Miami, Coral
Gables and South Miami.
across the corridor
• The Underline will enhance and
accelerate opportunities for more
than 20 million square feet of
potential new development across the
corridor, with a total estimated $3
billion in new gross taxable value.
• For these new projects, The Underline
is projected to add $150 million in
incremental assessed value,
generating up to $3 million in
additional fiscal revenue each year
once fully built out.
.uL nsitted into the public
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on yjyIL6 City Clerk
Creating jobs & bolstering
the regional economy
Air
• The Underline will create more than
1,000 jobs during construction and
400+ permanent jobs during
operations of the park.
• These activities will increase spending
throughout the local economy,
including:
• $170 million in total economic
output during construction; and
• $50 million in economic activity
every year following completion.
HR&A Advisors, Inc.
Eco'tiomic Benefits of The Underline
Construction
Impacts*
Capital investment in the
park cycles through the
local economy, creating
jobs and enriching
businesses and workers.
$170 million+
total
economic
output
1,000+
total jobs
$45 million+
total
compensation
Impacts of
Park
Operations
Park operations and
maintenance creates new
employment and economic
activity throughout the
region.
$50 million+
total economic
output per year
400+
total jobs
annually
$15 million+
total annual
compensation
Real Estate
Value
Creation
Investment in open space
generates incremental
value premiums to
surrounding existing real
estate.
$300-$485
million
incremental
assessed value
for existing
properties
$6 - $10
million
incremental
annual tax
revenue
*Represents the total jobs and economic activity created over the full buildout of The Underline's construction (e.g. if
phased evenly over 10 years, 1,000 jobs would equate to approximately 100 full-time equivalent (FTE) jobs per year.
Submitted into the public
%QI Z s}record
New
Development
The Underline will spur
new development and add
incremental value to
planned development
projects.
20 million+ SF
of potential new
development
along the corridor
$3 million+
total new annual
tax revenue across
the corridor
$150 million
incremental tax
value created by
The Underline
City
Building
A significant new amenity
for the region can help to
attract and retain residents
and businesses, including
in -demand "innovation"
workers and industries.
Increased
quality
of life
Attract &
retain
businesses
& residents
The
Underline
HR&A Advisors, Inc.
Ecomarniu Benefits of The Underline 4
;nbv,itted into the public
record t t s) N t�
on City C1c.k
OPEN SPACE AS VALUE CREATION 1 Parks generate substantial civic, economic and
fiscal value by serving as public amenities, destinations and local brand -builders.
AMENITY
Rose Kennedy Greenway J Boston
Decked park over downtown highway
generated a -5% net new increase in
surrounding property values.
DESTINATION
•
�t.„,
6L' ' .
Fountain Square Cincinnati, OH
Revitalized public plaza became a new
downtown destination and anchor for
development, spurring an additional $125
million in new private investment.
There is a growing national recognition that parks create value for
their users, communities and regional economies. Indeed, parks
are an increasingly important part of many regional economic
development strategies.
In addition to providing tangible wellness benefits to users, parks can
attract and sustain healthy residential and business communities,
BRAND
The High Line N New York, NY
Repurposed elevated rail has become an
international attraction, drawing 5 million
annual visitors, and influencing corporate
relocation and investment decisions.
enhance the real estate market to provide increased fiscal revenue
for local governments, and build and sustain a vibrant city brand.
These and other benefits have been widely demonstrated over the
past 30 years of scholarship, and the specific applications of these
benefits to The Underline are described in greater detail in the
body of this report.
HR&A Advisors, Inc.
Economic Benefits of The Underline I
Stibnrit'ted into the public
record fir it(s) d1 I ti
on 4 I OS,I 6 . City Cluk
CONSTRUCTION IMPACTS I Throughout the duration of its construction, The Underline
will create jobs for residents and generate significant regional economic activity.
SPENDING & MULTIPLIER IMPACTS
Capital investment in the park cycles through the
local economy, creating jobs and enriching
businesses and workers.
$170 million+
total economic output
1,000+
total jobs
$45 million+
total compensation
INDUCED
effects from
household
spending resulting
from wages due to
direct and indirect
activities
DIRECT effects from
spending immediately
associated with the
construction of new
parkland and related
infrastructure
INDIRECT
effects from
business spending
resulting from
direct activities
This study measures the direct and multiplier, or induced and indirect,
effects of the projected $1 10-120 million total capital construction costs of
The Underline.
The $110-120 million construction of The Underline will create a total
of more than 1,000 jobs throughout the duration of the park's construction,
with an average compensation of more than $44,000 per new job
created. The construction will also increase new spending, creating more
than $170 million of new direct, induced, and indirect economic activity
throughout the region. All values are presented in 2016 dollars.
Given the phased development of The Underline, values are presented
across the total capital investment. For example, should buildout of The
Underline occur steadily over 10 years, approximately 100 full time
equivalent (FIE) position would be employed each year.
Economic Benefits of The Underline
Submitteeqdintoo(the pubic
on
rec.1 q City Ci Clc:k
IMPACTS OF PARK OPERATIONS I Ongoing operations and maintenance will create
new permanent employment, boosting annual economic activity throughout the region.
SPENDING & MULTIPLIER IMPACTS
The operations and maintenance of The Underline
will create economic impacts cycling through the
local economy, enriching businesses and workers.
$50 million
total annual economic output
400+
total permanent jobs
$15 million+
total annual compensation
HR&A compared operations and maintenance (O&M) spending in
comparable signature urban parks to derive estimated annual
expenditures for The Underline. At full buildout, ongoing operation and
maintenance (O&M) of the park will create and sustain a total of more
than 400 permanent jobs across the regional economy, with an average
compensation of $40,000+.
This estimate includes 260+ full-time equivalent direct jobs for
employees related to the management, operations, maintenance and
programming of the park. As is the case in most signature parks
nationally, conservancy and non-profit park stewardship leverages a
wide variety of funding sources, providing these economic benefits to
the local economy at reduced cost to the public sector,
These activities will increase local spending, creating additional impacts
throughout the regional economy totaling $50 million each year.
Economic Benefits of The Unde
ne
Submitted into the public
record for it(s) 4
on 11 19 6 . City Clulc
REAL ESTATE VALUE CREATION j The Underline will create substantial incremental
value for existing real estate, translating to higher values for property owners.
INCREMENTAL IMPACTS FOR
EXISTING PROPERTIES
Investment in open space generates incremental
value premiums to surrounding existing real estate.
Studies of similar signature linear parks across the country
indicate that the value of nearby residential and commercial
properties increases by about 3 to 5% with the creation of
nearby open space, with the greatest impact occurring on
properties directly adjacent to the park. Thorough modeling of a
range of valuation scenarios along The Underline corridor,
respecting the unique physical relationship between The Underline
and adjacent real estate, confirms this premium range.
When applied to the 9,000+ residential, office and retail parcels
likely to be impacted by The Underline, this approximate 3 to 5%
value premium is anticipated to create $300 to $485 million in
new assessed property value, translating to new value for
landowners. This calculation assumes total values in 2015 dollars
following the full buildout of the park.
*Includes proximate properties in Pinecrest
Jurisdictional
Boundary
Current
Assessed
Property Value
Increase in
Assessed Value
Miami
$8.58 $175M - $300M
Coral Gables
$1.58 $45M - $70M
South Miami
$0.68 $15M - $25M
Miami -Dade County* $1.28 $65M - $90M
Total
$11.88 $300M - $485M
HR&A Advisors, Inc. Economic Bendfits of The Underline
' id witted into the public
record fb jt (s) t\\ r 4
an 4 F/ t.G.� ._.. City Clc:k
REAL ESTATE VALUE CREATION I Increases in property values would in turn enhance
property tax revenue for relevant jurisdictions.
Oi
Fiscal benefits associated with incremental value
generated by parks can surpass the costs of the park's
development. Millennium Park has catalyzed $1.4 billion in
new residential development throughout Chicago's
downtown.*
Based on this projected increase in assessed property values,
The Underline is expected to generate an additional $6 to
$10 million in annual incremental property tax revenue
for the County, local municipalities and other taxing
jurisdictions.
These estimates are calculated in 2015 dollars, and assume
full buildout of the park and resulting real estate value
growth. The majority of new tax revenue will accrue to
Miami -Dade County, the City of Miami and Coral Gables.
* City Parks Alliance: Frontline Parks - Millennium Park
** Includes proximate properties in Pinecrest
Taxing
Jurisdiction
Increase in
Assessed Value
Incremental
Annual Property
Taxes
Miami
$175M - $300M $1.5M - $2.5M
Coral Gables
$45M - $70M
$0.2M - $0.5M
South Miami
$15M - $25M $0.1 M
Miami -Dade County** $65M - $90M
$1.9M - $3.0M
Other Taxing Entities
(Schools, etc.)
$2.5M - $4.1M
Total
$300M - $485M $6.2M - $10.2M
Other Taxing
Entities
(Schools, etc.)
Projected Annual Incremental
Property Taxes Attributed
to The Underline
Coral Gables
South Miami
•
HR&A Advisors, Inc.
Economic Benefits of The Underline
Submitted into the public
record f i m(s} ��, .._
on y�q (6 . City Clc:k
NEW DEVELOPMENT I The Underline can help spur new development that would not
otherwise occur, in addition to adding value to planned projects.
INCREMENTAL IMPACTS FOR
NEW DEVELOPMENT
The Underline will spur new development and add
incremental value to planned development projects.
20 million+
potential new SF of development i
.011
$3 billion
estimated new taxable value
$150 million
incremental assessed value*
$3 million+
annual incremental fiscal revenue
*When a comparable 5% premium is applied
UNINCORPO* t MIA
DAD
THE JNfl
Projected development
activity is concentrated most
heavily near Brickell,
though other station areas
like Douglas Road,
University, South Miami and
Dadeland North and South
are also slated for
significant development.
According to HR&A's analysis, there are approximately 50 projects
proposed, planned or in construction along The Underline corridor.
In addition to supporting the vibrancy and success of these new
developments, The Underline will also be a catalyst for further
neighborhood transformation by triggering additional new
development that might not have occurred otherwise.
The Underline will create additional incremental value of up to
$150 million, by improving rents and sale prices and increasing
asset value for future developments.
HR&A Advisors, Inc. Economic Benefits of The Underline
;leenti;t d into the puls
ecord t9 wj \, 4
I i .(.._.. City Clc:k
NEW DEVELOPMENT 1 If repositioned to higher and better uses, underutilized County
property should also benefit from the value generated by The Underline.
$175 million
estimated additional revenue to
the County from redevelopment
$9 million
incremental revenue associated
with The Underline
Within the parcels identified by the study as potential new
development opportunities, the County owns 8 such sites
potentially suitable for redevelopment. These sites, situated near
station areas along the corridor, represent significant monetization
opportunities for the County.
Similar to other properties along the corridor, these sites should
benefit from premiums for rental and sales values, translating to
higher land sale and/or lease values for the County, valued at
approximately $9 million based on current land values within the
study area and existing zoning. This total is reported , in 2015
dollars. In addition, these properties may now be able to go to
market sooner, as well as see quicker absorption once developed.
County -owned
redevelopment parcels
are primarily
concentrated near
station areas in Miami
outside of the Brickell
core, as well as in
South Miami.
Planned development of County -owned Icond, such as that completed of
Dadeland South Station, could generate further benefit to the County by
virtue of proximity to The Underline.
.
HR&A Advisors, inc. Economic Benefits of The Underline
Sn netted into the public
record ' (s) t q
on City Cicrk
CITY BUILDING I As a signature open space that will herald international attraction,
The Underline will help strengthen Miami-Dade's brand and serve as a core amenity.
RESIDENT & BUSINESS ATTRACTION
A significant new amenity and alternative mobility
corridor for the region can help to attract and retain
residents and businesses, including in -demand
"creative" workers and industries.
Annual spending on parks and recreation per resident in Miami is
below the national average. The Miami metro area spends up to 50%
less on parks and recreation per resident than its peers. The region
spends only $80 per resident annually, compared to the national
median of $89 and up to $1 b0 per resident by competitive peers such
as San Jose, New York, Los Angeles, San Antonio and Austin.*
Signature open spaces can attract residents and business to Miami.
A large body of research indicates that the presence of developed
urban amenities and a perceived high quality of life are of primary
importance to modern workers and companies alike, particularly for
businesses as growth industries have moved -away from more location -
dependent industries such as manufacturing.
and companies has been observed by the loss of businesses from areas
in which quality of life has been perceived to decline.**
Parks are social infrastructure that support quality of life for all
residents and an equitable future for all communities. The Underline
will be Miami -Dade County's first alternative mobility corridor,
providing connections to transit on bike or foot and alleviating traffic.
Over the long term, investment in The Underline could be critical to re -
stitching divided communities along its path, bolstering the impacts of
transit nodes and providing a public health and community amenity free
of charge, to help support a unified and economically vibrant Miami.
New amenities for low -moderate income communities can bridge the
socioeconomic divide and celebrate the diversity of Miami.
*Trust for Public Land: facts About Parks, 2015
**Crompton, Love, and More: An Empirical Study of the Role of Recreation, Parks, and Open Space in Companies' (Re)Location Decisions
Indeed, the Importanceof amenities In attracting -and -retaining -workers
HR&A Advisors, Inc.
Economic Benefits of The Underline
carat d into the pub
record fqr itgi )
on
City Clc.k
CITY BUILDING I Miami -Dade County loses high -wage workers to peers with cultures
of active recreation or rich urban amenities.
Miami -Dade County Migration (2010)
The following map illustrates net in- and out -migration for Miami -Dade County. The same analysis also
indicates average wages for in- and out -bound workers for Miami -Dade County, identifying Counties to
which Miami is losing higher -than -average workers. Many of these metro areas spend far more on parks
and recreation per capita than does metro Miami.
San -
(Santa CIa
Los ArK
(BexcaP Co
San Antonio
•
S.wrteu Internal Revenue Service Tax Stet.. The data presented here o if include people represented es an exemption on an inn:onne tax return. Years represent filing Masons. Which for most
people end on April 15, but they Include returns received as late es the end of September. For best results, please use FlreFox, Ghrome, Safari, or Internet Explorer 9.
Source: Forbes
HR&A Advisors, Inc.
U.S. counties with net
migration into Miami -
Dade County
U.S. counties with net
migration out of Miami -
Dade County.
Select competitive peer
U.S. counties to which
Miami -Dade is losing
higher -than -average
wage workers, many
which spend more on
parks and recreation
per resident.
Economic Benefits of The Underline I 1
Submitted into the public
on record 9 t ec) . DCity Cicrk
CITY BUILDING I Companies and workers in target high -impact industries place a
strong value on quality of life and urban amenities.
Quality of location matters.
1. Research has consistently demonstrated the importance of quality of life in
business location decision -making, in particular for businesses employing
highly -skilled workers in information -based services.*
2. Of the fastest growing companies, one in five leaders named quality of life
factors such as parks or local cultural attractions as key criteria in choosing
where to launch their companies, versus only 5% who cited low tax rates.**
3. Among established corporations, urban amenities are the most important
factor in established companies' decision to relocate. * *** ***
Information Tech.
$780k
Average total output
per job
$85k
Average direct
income per job
Creative Design
$290k
Average total output
per job
$58k
Average direct
income per job
The High Line j New York, NY
C o os c
New York City's High Line has been a boon for the growth of the Chelsea neighborhood,
attracting new and dynamic employers such as Google to the formerly industrial district.
The High Line, which opened in 2009 and has since been expanded, has successfully attracted billions of
dollars of investment and development in Chelsea. In 2010, Google spent $2 billion to acquire a nearly 3
million SF office building two blocks from the High Line for its New York City headquarters. Soon thereafter,
the company signed leases for 180,000 SF of additional office space immediately next to the High Line and
is expected to double the size of its leased space by late 2015 or early 2016.
Discovery Green j Houston, TX
,Y
Discovery Green has transformed downtown Houston, with $625 million in new development
completed and an additional $1 billion in the pipeline.
Since opening to the public .in 2008, Discovery Green has become a keystone amenity for Downtown - along
with the longer -term, $80 million Buffalo Bayou project. Discovery Green generates approximately 1,2
million annual visitors, of which nearly'25°l% come from suburban and other surrounding areas. The One Park
Place Tower opened adjacent to the pork in 2009 with 346 new residential units, and Hess consolidated its
Houston operations in the adjacent Hess Tower (formerly Discovery tower) In 2011.
*Crompton, Love, and More: An Empirical Study of the Role of Recreation, Parks, and Open Space in Companies' (Re)Location Decisions; **What Do the Best Entrepreneurs Want
in a City?: Lessons from America's Fastest -Growing Companies, Endeavor Insight; ***Interview: Suzanne Farren, Keller Williams R,galty; Sheena Gohil, Colliers International
HR&A Advisors, inc.
Economic $eriefits of The Underline
Submitted into the public
r
record r r m(s)
on: tb . OCity Ck:$
CONCLUSION / The Underline will be a transformative investment in Miami-Dade's
future, and will require public and private collaboration to maximize economic returns.
Investments in open space provide both valuable community amenities and
meaningful economic returns, as has been consistently documented in precedent
open space projects across the country. Similarly, the transformative vision for The
Underline will create significant benefits for Miami -Dade County and for the Cities of
Miami, Coral Gables, and South Miami.
Successful implementation will require coordination among a range of public and
private stakeholders. It will also require a diverse funding strategy that reflects and
draws upon project value to be created over its lifetime and use. There are a range
of opportunities to tie economic benefits to funding sources in order to support project
implementation, including tapping into the incremental real estate value generated
by The Underline to fund park construction and operations (see table to the right).
This study can serve as a launching point for these discussions, demonstrating a
rationale for investment in The Underline and in an evolving vision of Miami's
future. The study defines the anticipated benefits of the planned signature park and
quantifies three principal benefits, including the permanent and construction impacts
on local spending, incremental real estate value of existing and future development,
and the value of expanding recreational opportunities, multi -modal transportation
and quality of life of Miamians in attracting and retaining residents and businesses.
Together, these benefits comprise:
• More than $170 million in total economic output from construction
• $48 million in economic output from operations annually
■ $6 million to $10 million in annual incremental fiscal revenue
• 1,000 construction -related jobs and 400 permanent jobs introduced into the
region.
Implementation Strategy
Position underutilized County and municipal land
1 for redevelopment to bring higher and more
complementary uses that activate the corridor
2
3
Consider the application of design guidelines and
targeted rezoning to encourage complementary
uses and design in new development adjacent to
The Underline
Invest in a network of key streets and open space
to set a physical framework for growth
Explore means of tapping into the incremental real
4 estate value generated by The Underline to fund
park construction and operations
Introduce targeted programming to key nodes
along The Underline — both within the park and in
5 currently underutilized adjacent spaces - to create
identity, generate visitation and spur new
development opportunity
Spur greater investment around The Underline
6 through coordinated neighborhood partnerships to
improve and activate the corridor
*See the full "Corridor Opportunity Study" in The Underline Framework Plan
HR&A Advisors, Inc. Economic Benefits of The Underline j 1
rnigecl into tite public
t,4
City Cleit
Id/milted into the pubii6
record fo ite
1.4
City Ckdc
METHODOLOGY I Direct and multiplier effects for construction and operations impacts
INDUCED
effects from
household
spending
resulting from
direct activities
DIRECT effects from
spending immediately
associated with
parkland and related
infrastructure
INDIRECT
effects from
business spending
resulting from
direct activities
Economic impacts take multiple forms. In the language of economic impact analysis, value
created by the investment itself is called a direct impact. Direct impacts of The Underline's
public space are described on the following pages, and are likely to be:
• Project spending on construction and ongoing operations and maintenance
■ Changes in real estate value, due to both increases in existing property value and new
investment.
The new economic activity generated by The Underline will yield business and personal income
that can be spent within the local economy, creating additional indirect and induced impacts
(multiplier impacts). Indirect impacts result from business spending by organizations or
businesses that receive direct benefits, including park / open space construction and operations
contractors; government entities or companies involved in the sale and/or development of real
estate assets; or contracted operations and maintenance partners that are engaged to provide
maintenance, programming, or other services in the park. Induced impacts result from spending
from households that receive direct benefits, including park employees and employees of
affected businesses.
Modeling Economic Impacts
The relationship between direct and multiplier impacts is specific to each region and industry, as
well as to the components of the investment itself. The "multiplier effect" measured in precedent
studies is typically between 50% and 100% of the initial investment.
IMpact analysis for PLANning (IMPLAN) is an input-output model created by MIG, Inc. (formerly
Minnesota IMPLAN Group, Inc.) used to analyze the economic impacts on local regions. For each
dollar of spending in the economy, IMPLAN traces thepattern of commodity purchases and sales
between 440 industries within the specified geograplaiy. The IMPLAN mode( isused to conduct
economic impact analyses by leading public and private sector ,organizations across the United
States. G.
HR&A Advisors, Inc.
Economic Benefits of The Underline 1
METHODOLOGY I Construction Impacts
Economic Output (2016 Dollars)
Direct
$104.6M
Indirect
$34.3M
Induced
Total
Multiplier
$33.0M
$171.9M
1.64
Employment
Direct Jobs (FTE)
551
Indirect Jobs (FTE)
228
Induced Jobs (FTE)
228
Total Jobs (FTE)
1,007
Total Wages
$37.6M
Total Compensation
Average Compensation
S45.OM,
$45,000
Submitted into. the pu lic
record i t m(s) ,11
_ Z6 CityCkk
This study measures the direct and multiplier effects of the total development costs
of The Underline.
APPROACH
These estimates are based upon the current master plan proposed by James Corner
Field Operations and the cost estimate that Friends of the Underline and Stuart -Lynn
Company recently prepared, estimated at a total development cost of $1 15 million
across the 10-mile The Underline.
VALUATION
HR&A modeled the impact of The Underline's construction budget using IMPLAN.
The construction and operations of The Underline will create more than 1,000 full
time equivalent jobs and increase local spending by more than $170 million. Full-
time equivalent employment is the number of full-time equivalent jobs, defined as
total hours worked divided by average annual hours worked in full-time jobs.
Given the phased development of The Underline, values are presented across the
total capital investment. For example, should buildout of The Underline occur steadily
over 10 years, approximately 100 full time equivalent (FTE) positions would be
employed each year.
HR&A Advisors, Inc.
Economic Benefits of The Underline l
METHODOLOGY I Impacts of Park Operations
APPROACH
HR&A framed its approach by drawing on experience developing
business plans for signature and neighborhood parks across the
country, and considering the relationship between operations and
maintenance (O&M) expenses and the relative level of design and
programming across The Underline park. In our experience, and across
the budgets of comparable signature open spaces we surveyed, highly
programmed or "intensive" signature parks carry significantly higher
O&M costs per acre than `low -intensity" parks.
As is the case in most signature parks nationally, it is anticipated that
many of these jobs may be supported by a conservancy or non-profit
park stewardship, leveraging private philanthropy, sponsorship and
earned revenue opportunities.
The Underline, as designed by James Corner Field Operations, is
comprised of both high- and low -intensity programmed components
along its 10-mile length, at proportions of approximately 20% and
80%, respectively.
HR&A identified relevant high- and low -intensity urban parks that were
comparable to The Underline's sections, and examined each park's
operations and maintenance budgets across three primary categories:
capital maintenance, landscaping, and all other O&M.
HR&A projected costs per acre for The Underline by averaging costs
across these categories for comparable projects in high- and low -
intensity categories, applying these estimates across The Underline's
total acreage.
Submitted into the public
record �t (s) fll 4
°n-_.�L� 6 . City Ckk:lk
High -intensity
Rose Kennedy Greenway
Discovery Green
Bryant Park
Low -intensity
Atlanta Beltline
Hudson River Parkway
Battery Park City
Seattle Olympic Park
The Underline, at full buildout
20%
$130,000 / acre
80%
$520,000 / acre
$24.7 million
projected annual O&M spending
Note: Figures rounded to nearest $10,000'1'.
HR&A Advisors, Inc. Economic Benefits of The Underline 119
METHODOLOGY I Impacts of Park Operations
VALUATION
HR&A modeled the impact of The Underline's operation and maintenance activities
through IMPLAN, applying the projected annual O&M budget described on the
previous page. Our analysis applied the budgetary averages per acre for each
budget category as previously described to the corresponding IMPLAN industries (see
table below), and assumed impacts at full buildout of the park in 2016 dollars. This
calculation considers the jobs and output created each year, equating to permanent
impacts and job creation.
IMPLAN Categories
Maintenance, repair
& construction of
nonresidential structures
Landscape &
horticultural services
Museums, historical
sites, zoos & parks
Includes:
All capital maintenance and repairs
Regular landscaping
Plantings
Management
Administration
Routine O&M (including security, etc.)
Programming
Planning and Advocacy
Fundraising
Submitted into, the pub
recor, II
on th
Economic Output (2016 dollars)
Direct
Indirect
Induced
Total
Multiplier
$24.7M
$13.4M
$10.4M
$48.5M
1.96
Employment
Direct Jobs (PT/FT)
269
Indirect Jobs (PT/FT)
96
Induced Jobs (PT/FT)
81
Total Jobs (PT/FT)
446
Direct Jobs (FTE)
227
Indirect Jobs (FTE) 88
Induced Jobs (FTE) 71
Total Jobs (FTE) 386
Total Wages $12.4M
Total Compensation S15.7m
Average Compensation $ 41,000
HR&A Advisors, Inc.
Economic Benefits of The Underline I
METHODOLOGY I Real Estate Value Creation
upw
•
Define Study Area
This study assesses property
surrounding the corridor likely to
experience positive economic
impacts from The Underline,
focusing on real estate within
one-third of a mile from the
corridor, which represents the
utel-bounds of areas likely to
experience an increase in
property value. HR&A's review of
the extensive body of reports on
the demonstrated value premium
of open space found that the
typical premium, for linear parks
on property value is between 3%
to 5% within 1 ' 3 of a mile of the
pork,
2. Confider Physical Context
The Underline Corridor spans 10
miles with widely varying
physical relationships to The
Underline that also fall within the
boundaries of three distinct
municipalities and County land.
Within 1 / :3 mile, the type of
physical relationships of nearby
property will either enhance or
Impede the Irnpaci of The
Underline on surrounding real
estate. HR&A designated
relative value segments based on
their physical relationships and
likeliness to benefit from the
park,
on
Submitted into the public
record f r z�em(s) 1 4
V %a 9 i City Clerk
Our study of the impacts on
existing real estate examined
residential, office and retail
properties within the Itudy area.
We quantified the total assessed
value of these use types within
the study area to calculate the
baseline assessed value. For our
analysis of new development
valve, we profiled large scale
residential uses that are rvrwenlly
in the pipeline, and calculated
baseline assessed value per
square foot using County data on
recent developments.,over the
past 10 years in each submarket.
4. Calculate Increment
e applied a premium range of
3 to 5% to the total assessed
value of qualifying uses within
the !Judy area, with the
understanding that some parcels
in high -value segments are likely
to experience a more significant
value +rn:retnerrr, while other
panel: throughout the study
area 5.xperlence little to no
impact based on their physical
context. The resulting increment
is the value attributed to The
Underline above baseline
growth, and the basis of our
fiscal impact analysis to the three
municipalities and the County.
HR&A Advisors, Inc.
Economic Benefits of The Underline j
Step 1: Define Study Area, Value Increments
HR&A established a dual -section 500-foot and 1760-foot study
area based on a review of the body of existing research, consistent
with the high- and low -impact benefit areas of precedent studies
relevant to the context of The Underline.
We then looked to the existing literature and past HR&A studies
for research on the demonstrated value premium associated
with proximity to open space. With this review, we sought to
define broad categories of urban open space within which to
contextualize The Underline's value creation potential, including
signature parks, community/neighborhood parks, linear parks, and
natural parks.
This analysis suggested the following general parameters for
valuation:
• A maximum premium of 25% for the most valuable segments
(those with double -frontage on the planned park, and then
those with single -frontage), which is consistent with value
premium increments associated with existing open space on the
national scale.
• A weighted average range of 3 to 5% across all value segments
modeled from aggressive to conservative, consistent with
national averages for value premiums associated with
community parks and natural areas.
4nbntisted into the public
record io tie ��j st) '0
on! / City Clerk
PARK -DRIVEN VALUE PREMIUM
DETERMINATION
Source
500'
Buffer Existing Research Scan (High)
Signature Park Community Linear Natural
Premiums Parks Parks Areas
25% 5% 8% 5%
Existing Research Scan (Low) 10%
3%
6% 3%
1760'
Buffer Existing Research Scan (High
Existing Research Scan (Low)
10%
5%
5%
3%
4%
5%
3% 3%
Crompton, John L " Impact of Parks and Open Space on Property Values and the Property Tax Base" A
study commissioned by the National Recreation and Park Association 2001
Keith Bartholomew and Reid Ewing. April 19, 2011. Hedonic Price Effects of Pedestrian- and Transit -
Oriented Development. Journal of Planning Literature 260 8.
Song, Y., and G. Knaap, 2003. New Urbanism and housing values: A disaggregate assessment. Journal
of Urban Economics 54,218-38.
Hi: A Advisors, inc. Economic Benefits of The Underline I
Step 2: Consider Physical Context, Apply Value Increments
Within the corridor -wide study area, HR&A then categorized parcels
into a variety of segments based on their physical relationships to
The Underline. Factors impacting the potential for The Underline to
positively impact surrounding real estate include:
• Existing infrastructure, including Highway US-1, a pedestrian bridge
at University, and neighborhood streets, all which may influence
relationships with neighboring real estate throughout the corridor;
• Variations in level of park capital and programming investment
throughout the corridor, and the degree to which investment is
comparable to those of other signature parks across the US
featuring world class design and/or programming; and
• Walking time and accessibility to surrounding neighborhoods.
These segments were mapped in GIS, allowing for grouping of parcels
within the study area for further analysis, as shown on the following
page.
Submitted into, the pub*
record tqr tIts) 11_)1
• I�
on Lii i7 City Clerk
HR&A then applied a range of value increments to each segment of
the study area, adapting premiums from our review of the overall
literature. This allowed for a differentiation between various sections
and parcel throughout The Underline corridor in order to measure
differential impacts to the County and municipalities.
This methodology produced a weighted value premium of 3 to 5%
across The Underline study area, following completion of methodology
steps 3 and 4. This range is consistent with past research findings for
comparable linear parks.
The methodology balances the broad application of this premium with a
more detailed approach acknowledging that some parcels in value
areas are likely to experience a more significant value increment, and
other parcels throughout the study area experiencing little to no impact.
HR&A Advisors, Inc. Economic Benefits of The Underline
North of US-1
Within 500 Feet
Proximity to open space is a key factor in value premiums associated with open space. 500
feet is equivalent to two minutes of walk time or roughly one to two city blocks, equating to a
strong if not direct sense of connectivity to open space within this distance. While positive
impacts associated with proximity to open space are highest on properties directly facing open
space, a survey of existing research indicates that neighborhoods within 500 feet of heavily
used parks
Double Frontage MEI
Double frontage sections are those in which properties directly abut The Underline on both
sides of its pathway, creating a pedestrian zone centered on the planned park.
Single Frontage
Single frontage sections are those in which properties abut
The Underline on the north side of its pathway and are more
valuable than those removed, as they benefit from
increased pedestrian foot traffic.
Mixed Frontage/Minor Road
This section covers a largely single family residential stretch
of the corridor in the Coconut Grove Station area, in which
development either directly fronts the park or is separated
by a minor road.
Within 1 /3 of a mile
The value premiums associated
with proximity to open space can
be experienced as far as 2,000
feet from parks, though the
majority of these benefits accrue
to properties closest to the park.
0
S �FTH MIAMI
DADELAND NORTH
0
1
7 Min
CORRIDOR SEGMENTS
Subruictod into the public
record on I of }tr flak —
City Chic
k'b
JC L
South of US-1
Within 500 Feet
US-1 will serve as a barrier between neighborhoods south of the
highway and The Underline reducing the parks impact on values.
Connectivity improvements such as pedestrian bridges can
increase the impact of The Underline on these neighborhoods.
Within 1 /3 Mile `
Properties within 1/3 mile of The Underline separated by US-1
are likely to experience a marginal value premium associated
with a more distant proximity to The Underline.
Low Impact MUM
A portion of the surrounding real estate is separated from The
Underline by fencing and/or walls; these areas are unlikely to
experience any significant value premium associated with
proximity to open space.
HR&A Advisors, Inc. Economic Benefits of The Underline
Steps 3 & 4: Quantify Real Estate Value, Calculate Increment
Based on 2015 Miami -Dade County GIS Data, HR&A calculated the
assessed value of all residential, office and retail property use types
within the study area based on County kind use designations. These
property types_comprise the majority of properties within 1/3 mile of
the corridor, and also stand to gain the most
function of proximity to an open space amenity.
significant value
as a
• Residential: All existing residential properties within 1 /3 mile of The
Underline are included in our incremental value estimation.
• Office: The impact of open space on office property types is
primarily experienced within 500 feet of the park, as value is
generated through quality of life improvements to workers through
views, outdoor gathering and lunch spaces, and daytime leisure
opportunities. Existing research suggests that this impact tapers off
beyond 1 to 2 city blocks. To conservatively estimate the impact on
office properties, we based our incremental value calculation solely
reco
Submitted into the pu
s> DL 4
._. City Clerk
on assessed properties within 500 feet of The Underline, maintaining
consistent premium assumptions applied to residential properties.
• Retail: Retail property typologies vary greatly
across the 10-mile
corridor, from pedestrian -oriented shops that open up directly onto
the future Underline to indoor malls driven by car culture. For a
conservative estimate of the impact on retail properties, we removed
all retail properties beyond 500 feet from The Underline, as well as
several large shopping malls including Dadeland Mall, Shops at
Sunset Place, and the Shops at Merrick Park from our baseline
assessed value.
HR&A then applied its value premiums by segment across these
various uses, and calculated the incremental value creation on
properties within the study area in terms of additional assessed
property value. Using 2015 millage rates, we quantified potential
incremental annual property taxes.
Jurisdictional Boundary
Total Built SF
Current Assessed
Property Value
Incremental
Assessed Value
Incremental Annual
Property Taxes
Miami
50M
$8.5B
$175M - $300M
$1.5M - $2.5M
Coral Gables
10M
$1.5B
$45M - $70M $0.2M - $0.5M
South Miami
5M
$0.6B
$15M - $25M
Sum
Miami -Dade County*
8M $1.2B AMP. $65M - $90M • $1.9M - $3.0M
Other Taxing Entities (Schools, etc.)
Total
—75M SF $11.8B
$2.5M - $4.1M
$300M - $485M M $6.2M - $1 0.2M
* Includes portions of Pinecrest.
HR&A Advisors, Inc.
Economic Benefits of The Underline
METHODOLOGY I New Development
Submitted into the public
record fo nevi(s) (s) t j , 4
012 11. U . City Cleat'
ESTIMATED ASSESSED VALUE OF NEW DEVELOPMENT
HR&A identified proposed, planned and pipeline sites either slated or positioned for redevelopment into residential uses within our study area
that are likely to be catalyzed by or experience an increment in value due to proximity to The Underline.
Site Identification
Soft site analysis. HR&A conducted three high level initial screening
methodologies to identify soft sites for potential future development
along the corridor, including: (i) a high-level analysis to count all
appropriately zoned sites that are currently built to Tess than 50% of
zoned floor area (based on available built floor area data or zoned
FAR approximations), (ii) calculating the land value to structure value
ratio to identify sites that have low relative structure values (less than
0.5 land value, based on County assessment data), and (iii) excluding
all sites outside of Brickell with lot sizes smaller than 1 acre, and
excluding all sites within Brickell with lot sizes smaller than 1/ acre.
Proposed, planned and pipeline development projects. We supplemented
this analysis by focusing on several key areas slated for significant new
development including the Douglas Road and University sections of the
corridor, factoring in known planned developments sourced from
CoStar Realty Information, local stakeholders, municipal and County
planning departments, Friends of The Underline, news publications,
filtering out unlikely development sites that are not captured in the
high-level analysis through site by site inspection. HR&A identified
approximately 50 potential projects in the study area.
Value Assessment
We then approximated total additional residential square footage
that would be built in the study area based on proposed development
plans for known projects, or as -of -right FAR restrictions, and estimated
the assessed values based on a survey of per square foot assessed
property values of residential developments since 2005, based on
product type and submarket. We applied the upper range premium
of 5% to this estimated assessed value total, as the majority of new
development will take place within 500 feet of The Underline to
approximate the baseline incremental value of new development.
Finally, we estimated total property tax revenue based on a weighted
average millage rate across the corridor.
HR&A Advisors, Inc. Economic Benefits of The Underline P)6
METHODOLOGY I City Building
APPROACH
"Innovation economy" industries have been shown to
produce generally greater impacts than more traditional
industries such as manufacturing or hospitality. Companies
in these industries are either smaller in size and informed
by the preferences of individuals —reflecting their
entrepreneurial or "start up" nature —or —if larger —
driven in the selection of a location by the potential to
attract or retain top talent.
We framed our thinking with a review of prior studies on
this subject and attraction strategies; we also interviewed
corporate relocation specialists that work with major
international entities to open or relocate to new urban
locations, who confirmed that quality of life considerations
were foremost in the selection of a business location.
We then examined Miami's current economic development
and business attraction goal. Miami's economic
development entity, the Beacon Council, has prioritized the
pursuit of two innovation economy industries —creative
design and information technology —among its targeted
seven industries for high growth (see table to the right).
Cut ndtted into the pub
record fo itej s U
on --- IL I City Clerk
1.�
Target high -growth industries for Miami -Dade County
Source: The Beacon Council
Aviation
Banking and
Finance
Hospitality and
Tourism
Life Sciences and
Healthcare
Trade and Logistics
Creative Design
Information
Technology
Average Number of Number of Jobs per Firm
Wages Companies Jobs (Average)
71,740
105,583
31,921
61,127
56,398
78,903
91,412
466 21,563
2,870 35,381
6,739 125,511
8,035 117,894
2,262 29,659
3,408 22,498
1,485 6,771
46
12
19
15
13
7
5
HR&A Advisors, Inc. Economic Benefits of The Underline ( 7
METHODOLOGY { City Building
VALUATION
Having confirmed the value of high -wage innovation
economy workers to Miami (and the importance of quality
of life factors to attracting and retaining them), HR&A
sought to demonstrate the importance of investment in
open space by valuing the potential impact of each
incremental creative design and informational technology
worker in the Miami economy.
We identified the 1MPLAN sectors that corresponded to
these industries, and modeled the economic outputs
associated with one year of year of employment for a
single job in each industry. As illustrated by the average
outputs for each industry, the total output for positions in
these sectors is significant, and worthy of prioritization as
part of a broader economic development strategy.
Sitruitted into the public
'record tsarit (;:)
vn 411 City Cie±
CREATIVE DESIGN: Average Output per Worker
Impact Type Employment Labor IncomeTotal Value Added Output
Direct Effect
Indirect Effect
Induced Effect
Total Effect
1.0
0.5
0.5
2.0
$ 58,000 $
$ 23,000 $
$ 21,000 $
$ 102,000 $
100,000 $ 170,000
37,000 $ 63,000
35,000 $ 60,000
172,000 $ 292,000
INFORMATION TECHNOLOGY: Average Output per Worker
Impact Type Employment Labor Income . Total Value Added Output
Direct Effect
Indirect Effect
Induced Effect
Total Effect
1.0
2.0
1.1
4.2
$ 85,000 $
$ 89,000 $
$ 45,000 $
$ 219,000 $
138,000 $ 413,000
138,000 $ 240,000
76,000 $ 128,000
352,000 $ 780,000
HR&A Advisors, Inc. Economic Benefits of The Underline 1
RESOLUTION NO. 045/2017
Cuhnr't,e d into the pub
record i it s) U
on City Ck:k
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE DOWNTOWN
DEVELOPMENT AUTHORITY ("MIAMI DDA") OF THE CITY OF MIAMI,
FLORIDA, SUPPORTING THE EXPANSION OF THE MIAMI DDA
DISTRICT BOUNDARIES TO INCLUDE THE RIGHT-OF-WAY LANDS
UNDERNEATH THE MIAMI METRORAIL, ALSO KNOWN AS THE
UNDERLINE, FROM THE MIAMI RIVER '1'U SOUTHEAST 15 ROAD.
WHEREAS, the boundaries of the Miami Downtown Development Authority of the City of
Miami, Florida ("Miami DDA") are established by the City of Miami Commission; and
WHEREAS, the Friends of the Underline is a 501C3 non-profit organization working to
establish new public park space beneath the MetroRail system called the Underline; and
WHEREAS, the Miami DDA has reviewed the potential expansion of its boundaries to include
the section of Underline that is adjacent to the southwestern boundary of the existing district to allow
the DDA to partner with and participate in the delivery and ongoing programming of the new park
space; and
WHEREAS, Goal 4, Action Item 4.5 — "Connect and Promote Downtown Parks, Open Spaces
and Greenways" of the 2025 Downtown Miami Master Plan, attached and incorporated as Exhibit "B",
seeks to identify park typologies and potential locations for new open space within the Downtown
District; and
WHEREAS, § 166.0497, Fla. Stat. (2017) details the procedures for the "alteration, amendment,
or expansion of [the] established downtown development district" , attached and incorporated as Exhibit
"A"; and
WHEREAS, the Miami DDA procured the services of Lambert Advisory, an independent third -
party consultant, to study the economic impact of the inclusion of the additional park land created by
the section of the Underline project that runs from the Miami River on the north to Southeast 15 Road
on the south, coincident with the Metro Rail right-of-way on property that is owned by the Miami -Dade
County Department of Transit and Public Works, to affirm that it would revitalize and preserve property
values in the Downtown District per § 166.0497, Fla. Stat. (2017); and
WHEREAS, the study, attached and incorporated as Exhibit "C", concluded that expanding the
boundaries of the Miami DDA to include the Underline section adjacent to the existing Miami DDA
boundaries will revitalize and preserve property values within the existing district; and
WHEREAS, the study further concluded that the expansion will result in net positive
increases in existing and future property values within the existing district due to enhanced property
assessment values and potential new development; and
WHEREAS, based on the study, the Board of Directors of the Miami DDA concludes that
expanding the boundaries of the Miami DDA to include the Underline as stated herein will revitalize
and preserve property values and prevent deterioration of the original district; and
Page 1 of 2
WHEREAS, it is in the interest of the Miami DDA and the City of Miami to expand the
boundaries of the Miami DDA to include the Underline;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The Board of Directors of the Miami DDA hereby supports and recommends
to the Miami City Commission the expansion of the Miami DDA boundaries to include the right-of-
way underneath the Miami MetroRail, also known as the Underline, from the Miami River to Southeast
15 Road.
Section 2. This Executive Director is directed to deliver a certified copy of this
Resolution to the Miami City Commission, the Mayor of the City of Miami, the City Manager, the City
Clerk, and the City Attorney.
Section 3. This Resolution shall be effective immediately upon its adoption.
ATTEST:
PASSED AND ADOPTED, this 17th day of November, 2017.
11, Chairman
Alyobertson, Executive Director
cubmittc d intc, the publ.}'cc ' I
record fo] it ;)
on LI City Cie*
Kart'Sxfge
Secretary to the Board of Directors
Page 2 of 2
Slim►; 'c! into, the public
iecOr1� t (") t\
4 .�.
City Civic
Integra Realty Resources
Miami/Palm Beach
Boundary Expansion Study
Miami DDA Expansion Study
Edgewater
Miami, Miami -Dade County, Florida
Prepared For:
Miami Downtown Development Authority (DDA)
200 S. Biscayne Blvd, Suite 2929
Miami, FL 33131
Effective Date of the Report:
April 1, 2018
Report Format:
Consulting Report — Standard Format
IRR - Miami/Palm Beach
File Number: 123-2017-0168
Subtuitted into t' C public
record fo iv! (s)
on City
Proposed Edgewater Expansion Boundary
Integra Realty Resources
wwvv. Irr, COM
April 1, 2018 [DRAFT]
In Miami
Dadeland Centre
9155 South Dadeland Blvd.
Suite 1208
Miami, FL 33156
(305) 670-0001
Nicholas Martinez
AICP
Miami Downtown Development Authority (DDA)
200 S. Biscayne Blvd., Suite 2929
Miami, FL 33131
SUBJECT: Miami DDA Expansion Study
Edgewater, Miami
Dear Mr.Martinez,
In Orlando
The Magnolia Building
326 N. Magnolia Ave.
Orlando, FL 32801
(407) 843-3377
In Naples/Sarasota
Horseshoe Professional Park
2770 Horseshoe Drive S.
Suite 3
Naples, FL 34104
(239)-643-6388
San ►ii„ ntc> the public
0/2 reconl
h) City
Glut
Integra Realty Resources — Miami/Palm Beach is pleased to submit the accompanying
consulting report outlining the analysis and results of our DDA boundaries expansion study
in the Edgewater area. The purpose of the study is to address the substantive elements of
inquiry supporting boundary expansion as defined within Fla. Statute 166.0497.
The relevant statutory test is as follows:
166.0497 Alteration, amendment, or expansion of established downtown development district; procedures. —
(1) Whenever the governing body of a municipality that has created a downtown development district
pursuant to chapter 65-1090, Laws of Florida, determines that it is necessary to alter, amend, or expand the
boundaries of the established district by the inclusion of additional territory or the exclusion of lands from the
limits of the established district, in order to revitalize and preserve property values or to prevent deterioration in
the original district or its surrounding areas, it shall, by resolution, declare its intention to do so.
This report contemplates study methods addressing whether boundary expansion is
recommended to revitalize and preserve values in the expansion area, or preserve
values/prevent deterioration within adjacent existing boundaries.
The client for the assignment is Miami Downtown Development Authority (DDA), and as per
our scope of services, this report was prepared for reliance by the client.
Nicholas Martinez
Miami Downtown Development Authority (DDA)
April 1, 2018 [DRAFT]
Page 2
record I r i crn{ : i_ _._ V 1. q
CM LI �q.�1.(1 . t..,ry Civic"
The report addresses the scope of services agreement between Integra Realty Resources
and Miami DDA. As requested under the scope, we conduct a qualitative analysis of the
various parcels considered within the expansion boundary. This includes an analysis of the
inter -relationship of these parcels with the overall neighborhood, and the component
drivers of value affecting the expansion parcels, and those to which the expansion parcels
affect.
IRR will also review valuation trends over the past 5-year period, and identify and address
value preservation /enhancement (expansion area) or deterioration (existing area).
IRR analyzed the county assessment record sets since 2014, including the parcels adjacent
within 200' of the study area. IRR will consider the assessment levels as a reasonable proxy
of common level values, in addition to supplementing external valuation metrics.
Based upon our analysis and understanding of the statutory criteria, the proposed
Edgewater expansion is not supported by the statutory tests governing expansion. The
expansion area is performing on par, and on some metrics outperforming, with the areas
within the Miami DDA boundaries, and the areas within the Miami DD boundaries are not at
risk of deterioration if the expansion area is not included. Therefore, expansion is not
supported.
Taking all factors into account, including qualitative and quantitative factors, but weighing
most heavily the quantitative aspects that directly address the statutory requirements, IRR
concludes that the proposed expansion is not supported by the quantitative analysis tests
required under Fla. Statute 166.0497.
Notably, the expansion area likely benefits from the partial inclusion of the Edgewater
neighborhood, which provides a logical nexus to the Miami DDA's promotional and research
efforts. As a result, the expansion area naturally benefits from the Miami DDA's work, as do
many of the other areas of downtown that are not included in the DDA boundaries.
However, these benefits are an outgrowth of the reach and power of the Miami DDA efforts
to revitalize the city, but they are not part of the statutory test.
Nicholas Martinez Silt iiittk'd into the publicl
Miami Downtown,Development Authority (DDA) re( cx.» t r t mg") 1 April 1, 2018 [DRAFT] Ott ._m ,l_ City Clerk
Page 3
If you have any questions or comments, please contact the undersigned. Thank you for the
opportunity to be of service.
Respectfully submitted,
Integra Realty Resources - Miami/Palm Beach
DRAFT
Anthony M. Graziano, MAI, CRE
Senior Managing Director - Miami
FL State -Certified General RE Appraiser
RZ#3510
Telephone: 305-670-0001 Ext. 320
Email: amgraziano@irr.com
all
Tecotet r
City Cle k
Table of Contents
Key Findings 2
General Information 5
Identification of the Study Area 5
Intended Use and User 5
Purpose of the Study 6
Scope of Work 6
Greater Downtown Miami 7
Physical Boundaries 7
Demographics 8
Development Trends 10
Analysis of Expansion Area 12
Physical Boundaries 12
Access and Linkage 12
Demand Generators 13
Residential Development Trends 13
Zoning and Land Use 22
Development Opportunity 24
Pedestrian Streetscape / Connectivity -
Baywalk 26
Coordination of Major Events 27
Connectivity 27
Conclusion (Streetscape / Major
Events/Connectivity) 27
Real Estate Value Impacts 28
Conclusion 30
Addenda
A. Consultant Qualifications
irr.
DDA Boundary Expansion Study
Key Findings
2
Key Findings
record t: r in.,
an ��tZb Lay it
The demographic and population trends for the expansion area, and surrounding area are both
growing.
IRR concludes that the majority of new condominium project development is within the expansion
area, which is actually outpacing the adjacent A&E district in market size, and current growth. These
metrics do not support the need for expansion because the existing area is sufficiently active despite it
not being included within the formal DDA district boundaries.
A review of the recent development patterns does not support expansion since the target expansion
area is growing at a rate equal or faster than the DDA district, and the adjacent areas are not suffering
from deterioration of land use stagnation.
IRR reviewed commercial metrics (office and retail inventory, vacancy, and rent levels) along Biscayne
Boulevard within the Miami DDA and Edgewater expansion areas. Neither the existing DDA boundary
area, nor the expansion area, are primary office corridors within downtown. The retail corridors
(inside and outside the expansion area) continue to grow. The existing DDA area has not exhibited
signs of deterioration, and the Edgewater Expansion area is performing on par with other areas of the
City. Therefore, we find minimal support for the statutory criteria as it relates to retail and
commercial metrics supporting expansion.
IRR's analysis of the level of land fragmentation within the expansion area demonstrates that
ownership fragmentation is significantly higher in the expansion area than within the existing DDA
boundary. Notably, some of this fragmentation is a result of prior zoning and historic land use
patterns and is not attributable to affects of the Miami DDA. However, the fragmented
ownership/land use within the expansion area is not a suitable reason in and of itself for its inclusion
within the DDA boundaries unless inclusion is necessary to promote revitalization efforts. Since the
adjacent assemblages in DDA district boundaries have not spurred substantial redevelopment despite
the larger assemblage of redevelopment tracts, and in so much as the historic development favors the
Edgewater expansion area as the second most active area of redevelopment next to Brickell, our
finding with regard to fragmentation is that while inclusion within the DDA boundaries may encourage
assemblage, such assemblage is no guarantee that near -term revitalization will follow.
IRR studies the qualitative factors of the Biscayne Boulevard streetscape (inside and outside of the
expansion area), the DDA's efforts to coordinate major city events, and the significant efforts of the
Miami DDA to advance the Baywalk project, part of which lies within the Edgewater expansion area.
We find that no major detriment exists to the adjacent existing DDA area (which is considered
somewhat superior in terms of streetscape coordination), and while inclusion of the expansion area
into the DDA's boundaries might enhance the DDA's ability to coordinate investment to best affect,
this is not a statutory element for consideration.
Because the statutory tests relate to real estate value impacts (measuring potential deterioration
within the existing boundaries, or the need to enhance the expansion area), the most compelling
measure addressing the statutory tests is evident in the tax assessment\ratable analysis. The Miami-
DDA Boundary Expansion Study
10.
Key Findings
Submittal irtl, !} F r"' ' tt-
record iui � it 1„! S i I is
on It Liry Oct
3
DDA North section is growing slower than the proposed expansion area. However, the statutory test
is whether inclusion will prevent deterioration. Since there is no evidence of deterioration within the
existing boundary, and the non-DDA portion is growing significantly faster, our findings reveal a lack of
support for expansion under the statutory test as evidenced by the value -based assessment record.
Taking all factors into account, including qualitative and quantitative factors, but weighing most
heavily the quantitative aspects that directly address the statutory requirements, IRR concludes that
the proposed expansion is not supported by the quantitative analysis tests required under Fla. Statute
166.0497.
DDA Boundary Expansion Study
Key Findings 4
Quality Assurance
public
Icon" i � ^ t
en y ��,16 city Cke k
Delivering superior value is a top priority at IRR and we place a premium on feedback from our valued
clients. By learning more about your experience with IRR, we will be better able to serve your needs —
to enhance our products, service offerings, and client communications.
Attached is a short survey applicable to this appraisal report and the service that you received. Please
take a few minutes to share your experience of IRR with us. Your feedback will be reviewed by our
Quality Control team. If you desire a follow-up telephone call, please provide your contact information
and a member of our Quality Control team will contact you.
Access the online survey here: quality.irr.com.
Thank you in advance for assisting us with this important endeavor. Please feel free to contact your
Local Office using the contact information provided within the letter of transmittal or our Quality
Control team at quality@irr.com, with any questions or suggestions you may have.
DDA Boundary Expansion Study
General Information 5
General Information
Submitted into the putt'', \ u
record st
on y' m(P.) q i Z t . city Ck:k
Identification of the Study Area
The Miami DDA territory is currently comprised of (3) subdistricts (left picture): the Brickell Financial
district (blue), the CBD (pink), and the Art & Entertainment district (orange). The area within the Art &
Entertainment district in between NE 17th Ter (south) and NE 24th St (north) is in the Edgewater
submarket. This study contemplates the addition (i.e. "expansion area") of the balance of the
Edgewater submarket into Miami DDA's territory (right map - pink).
6110.166
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1
Intended Use and User
The intended use and the purpose of the study is to address the substantive elements of the
expansion as defined within Fla. Statute 166.0497. The intended use of the report is to assist the client
with internal decisions relating to the possible expansion of the boundaries to include all the
Edgewater submarket. The client and intended user is Miami Downtown Development Authority
(DDA). This analysis is not intended for any other use or user. No party or parties other than Miami
Downtown Development Authority DDA should use or rely on the information, opinions, and
conclusions contained in this report.
irr.
DDA Boundary Expansion Study
General Information fi�ti n��� :,•t9, �,�, public 6
record
City Clerk
Purpose of the Study
The purpose of the study is to is to address the substantive elements of the expansion as defined
within Fla. Statute 166.0497.
166.0497 Alteration, amendment, or expansion of established downtown development district; procedures. —
(1) Whenever the governing body of a municipality that has created a downtown development district pursuant to chapter
65-1090, Laws of Florida, determines that it is necessary to alter, amend, or expand the boundaries of the established district
by the inclusion of additional territory or the exclusion of lands from the limits of the established district, in order to
revitalize and preserve property values or to prevent deterioration in the original district or its surrounding areas, it shall, by
resolution, declare its intention to do so.
(2) In the resolution of intent, the governing body shall set a date for a public hearing on adoption of an ordinance altering,
amending, or expanding the district and describing the new proposed district. Upon the adoption of the resolution, the
governing body shall cause a notice of the public hearing to be published in a newspaper of general circulation published in
the municipality, which notice shall be published one time not less than 30 nor more than 60 days prior to the date of the
hearing. The notice shall set forth the date, time, and place of the hearing and shall describe the new proposed boundaries of
the district. Any citizen, taxpayer, or property owner shall have the right to be heard in opposition to the proposed
amendment or expansion of the district. After the public hearing, if the governing body intends to proceed with the
amendment or expansion of the district, it shall, in the manner authorized by law, adopt an ordinance defining the new
district. The governing body shall not incorporate land into the district not included in the description contained in the
resolution and the notice of public hearing, but it may eliminate any lands from that description when it adopts the
ordinance containing the final determination of the boundaries.
Scope of Work
The report addresses the scope of services agreement between Integra Realty Resources and Miami
DDA. IRR will conduct both a quantitative and qualitative analysis of the various parcels considered
within the expansion boundary. This included an analysis of the inter -relationship of these parcels
with the overall neighborhood, and the component drivers of value affecting the expansion parcels,
and those to which the expansion parcels affect.
IRR also reviewed valuation trends over the past 5-year period, and identified qualitative
characteristics from which to analyze a model of valuation impacts, and the relative weight of the
various characteristics. IRR analyzed the county assessment record sets over the past 3-5 year period,
including the parcels adjacent within 200' of the study area. IRR considered the assessment levels as a
reasonable proxy of common level values, in addition to supplementing external valuation metrics.
Research and Analysis
Data for the study is compiled from various public and IRR proprietary sources, including data layers
from IRR Viewpoints, IRR Analytics and IRR DB Metrics databases, as well as CoStar, REIS and STR.
Additionally, IRR relied on the historical county assessment records provided by the client.
DDA Boundary Expansion Study
irr.
Greater Downtown Miami 7
Greater Downtown Miami
Submitted into the public
record4q�gte}( • y
en City J_�_ City Cleric
Physical Boundaries
Greater Downtown Miami is a 3.8 square mile area, and it is comprised of (7) submarkets: Midtown,
Wynwood, Overtown, Edgewater, Art & Entertainment district, CBD, and Brickell. Only three areas are
within the DDA territory (A&E, CBD, and Brickell). With a small carve -out along Biscayne Blvd in the
Edgewater market. Midtown, Wynwood, Overtown, and most of Edgewater benefit from delineation
within the downtown area, despite their exclusive from the Miami DDA boundary.
0101
The Greater Downtown Miami boundaries are promoted by the DDA based on the following broad
boundaries as follows:1-95 to the west,1-395 to the north, the Biscayne Bay to the east, and the
Rickenbacker Causeway to the south.
DDA Boundary Expansion Study
Greater Downtown Miami
c;ttl'ebittad into the p"1t,`
recoi ;rr �em(:t) 1 1_ y
on __YLG.ta..__• City Clerk
Demographics
IRR Miami relied on demographic information from ESRI to forecast the most recent population,
income and household data.
8
Population Trends in Greater Downtown Miami
Area 2000 2010 2016 2021
Brickell 12,904 32% 26,472 40% 34,975 40% 38,172 36%
CBD 4,901 12% 11,108 17% 17,132 19% 20,584 19%
A&E 4,432 11% 9,079 14% 14,675 17% 18,425 17%
Wynwood 1,497 4% 1,512 2% 1,586 2% 1,712 2%
Midtown 3,013 7% 3,579 5% 4,359 5% 5,104 5%
Edgewater 6,719 17% 8,283 12% 11,704 13% 14,202 13%
Overtown 7,000 17% 6,736 10% 4,109 5% 8,231 8%
Greater Downtown 40,466 66,769 88,540 106,430
Source: ESRI, DDA Demographic Report 2016, IRR Miami
Brickell is the most populated submarket in Greater Downtown Miami; 36% of the overall population
is estimated to live in Brickell. Edgewater and CBD are following with 18% of the population, and A&E
increased to 15% of the population. Wynwood, Midtown, and Overtown (combined) represent less
than 15% of the downtown population.
Rates of Change
2000-2010 2010-2016
2016-2021
%Change Annualized %Change Annualized %Change Annualized
Brickell 105% 11%
CBD 127% 13%
A&E 105% 10%
.Wmwood 14% 1%
Midtown 1 35% 3%
Edgewater 40% 4%
Overtown -4% 0%
Greater Downtown 65% 7%
17%
36%
-39%
33%
32% 6%
11%
12%
1% 0%
3%
7%
-8%
7%
54%
62%
12%
16%
100%
20%
9% 2%
4%
5%
3% 1%
2%
_3%
20%
4%
20%
26%
Demographic growth rates within the DDA boundaries substantially outpaced population growth in
the other Downtown areas over the past 10 years.
The population in the Greater Downtown has rapidly grown by 65% in between 2000-2010. It has
grown by 33% in between 2010-2016, and it is forecasted to grow by another 20% in between 2016
and 2021. In between 2010 and 2016, the submarkets which have seen the most rapid annual growth
are the CBD (11%), and A&E (12%), followed by Edgewater (7%), and Brickell (6%).
DDA Boundary Expansion Study
irr
Greater Downtown Miami
Sul:ruined into the pi,H:r
record f it (i)
on w /9 /71,_ . city Cie*
9
Household Trends in Greater Downtown Miami
Area 2000 2010 2016 2021
Brickell 7.107 36% 14,945 39% 19,053 37% 21,935 36%
CBD 1,712 9% 5,393 14% 8,180 16% 9,746 16%
A&E 2,151 11% 5,248 14% 8,188 16% 9,962 17%
Wynwood 600 3% 707 2% 714 1% 739 1%
Midtown 1,308 7% 2,200 6% 2,633 5% 2,975 5%
Edgewater 4,195 21% 6,939 18% 9,431 18% 10,966 18%
Overtown 2,474 13% 2,460 6% 2,857 6% 3,845 6%
Greater Downtown 19,547 37,892 51,056 60,168
Source: ESRI, DDA Demographic Report 2016, IRR Miami
Per the most recent household estimates (2016), about 37% of the households are in Brickell, while
24% are in CBD, 24% are in Edgewater, and 21% is in the A&E district. The balance of households
(12%) are comprised in Wynwood, Midtown, and Overtown.
Rates of Change - Household
2000-2010
2010-2016 2016.2021
%Change ! Annualized %Change Annualized %Change Annualized
Bridrell 110% ; 11% 27% 5% I 15% 396_
CBD 215% 22% i 52% 10% 19% 4%
A&E 144% I 14% i 56% 11% 22% 4%
Wynwood 18% 2% 1% I 0% .. 4% 1%
Midtown ; 6896 i 7% 20% 4% 13% 3%
Edgewater i _.. 65% ' 7% ... 36%.._.., 7%._.. ... _ 16%. 3%
Overtown -1% i 0% 16% 3% i 35% 796
Greater Downtown 90% 9% I 36% 796 19% 4%
Household growth remains strong into 2016. We estimate the current households at 51,056 and
project that number to near 60,000 by 2021. Almost 13,000 new households now call Greater
Downtown Miami home since 2010.
Populations and household growth tends to correlate strongly with real estate value creation. Both
metrics serve to support growth in residential property values (as occupiers of residential real estate),
and correlate to area commercial property values that service a residential population base. The
attraction of residents is tied to office uses, where jobs attract residents. By inference, residential
growth follows jobs, and certainly the area's downtown job growth is supportive of new housing
growth over since 2010.
On both metrics (population and household growth) from 2010-2016, the Edgewater expansion area
grew at a slower rate of growth than the adjacent A&E district. However, the statutory tests require
consideration that the expansion is supported by the DDA districts ability to A) revitalize area property
values in the expansion district, or B) prevent deterioration in the adjacent districts.
Countywide household growth in Miami -Dade County grew approximately 6% in total (2010-2016), or
approximately 1% per year. Both the existing DDA district, and the expansion area grew at a rate
substantially above the county rates on an annualized basis.
On population and household growth, expansion is not supported under the statutory test.
DDA Boundary Expansion Study
Greater Downtown Miami
Income levels
Sittt►ine,t info the public
record i it i�►(s) Q) , ti -
on La 15 /L 6 . t..ity Cie*
Per Capita Median HH Average HH
Brickell $73,602 $102,130 $127,758
CBD $44,964 $68,593 $81,934
A&E $572621 $79 394 $107,839
Edgewater $36,591 $51,762 $65,992
Greater Downtown $50,707 $66,498 $97,671
City of Miami $27,003 - $33,063 $60,757
Miami -Dade County $24,743 $48,102 $70,316
Source: ESRI, DDA Demographic Report 2016
10
Greater Downtown Miami has a higher per capita income, median household income and average
household income than the City of Miami and Miami -Dade County. Brickell has the highest per capita
income, median household income, and average household income. It is followed respectively by A&E,
CBD, and Edgewater.
Neither the DDA boundary area, or the proposed expansion boundary areas fell below the City of
County household averages (median or per capita), indicating neither area suffers from economic
stagnation requiring revitalization efforts.
Development Trends
Figura 3
Greater Downtown Miami Condo Market Size -Q2 2017
Srbnrarket Current Market Current % Potential Long %Growth
Sae ea Growth Growth Term Growth Longterm
A & E 4,052 595 15% 1,834 45%
Bridal! 23,610 2,139 9% 5,287 22%
CBD 6,640 902 14% 5,198 78%
Edgewater 5,102 2,746 54% 1,389 2796
Midtown 978 410 42% 195 20%
Wynwood 111 15 14% 478 431%
Total (2017) 40493 6,808 17% 14,381 38%
111 Includes aA 2014,2017 deliveries
l21 Long -Term Growth in the remaining Conceptual units, net of currant growth.
l31 Current Growth is all Under Construction, Contracts and Reservations.
The Greater Downtown Miami has an existing inventory of 40,493 condominium units, and Brickell is
the largest submarket comprising about 58% of the supply. The second and third largest submarkets
are CBD and Edgewater, with respectively 16% and 13% of the inventory.
There are about 6,806 condo units under construction, most of which are in developing Edgewater
(40%) and Brickell (34%). The addition of 2,746 units in Edgewater represents a 54% growth from
DDA Boundary Expansion Study
Greater Downtown Miami
Submitted into, the public
recor d filar m(s) ` '1 11
on �i Z b . City Ck.-k
current inventory. Edgewater is the fastest growing market in downtown as of Q2-2017. A&E and CBD
(adjacent to Edgewater) have the largest long-term potential.
Using residential condominium development as a proxy for measuring expansion area criteria is
considered relevant since this use forms the predominant land use in downtown Miami, equivalent
only to multi -family rental development in the past five years. Area commercial development will
follow residential density, and will generally lag residential development forms.
The Edgewater Area as defined above includes both the existing DDA territory, and the expansion
area. The existing DDA territory is limited to land areas on either side of Biscayne Boulevard, excluding
land areas on the,water. As such, the location of the majority of the new, under construction and
proposed condominium projects is within the expansion area, which includes direct Biscayne Bay
frontage.
Therefore, IRR concludes that the majority of new condominium project development is within the
expansion area, which is actually outpacing the adjacent A&E district in market size, and current
growth. These metrics do not support the need for expansion because the existing area is sufficiently
active despite it not being included within the formal DDA district boundaries.
Notably, the Edgewater district being partially included in the district boundaries, the entire
neighborhood of Edgewater likely benefits tangentially from the marketing efforts of the Miami DDA
who promotes Edgewater in its entirety. However, the spillover effects of the district to adjacent non -
district areas is contemplated for overall revitalization success. It is not practical to isolate the precise
affect of this spill -over, but the statutory requirements address the need to revitalize (expansion area),
or preserve from deterioration (adjacent areas). Neither of these two criteria are supported by the
historical development growth pattern in the past decade.
DDA Boundary Expansion Study
Analysis of Expansion Area 12
Analysis of Expansion Area
Submitted into the public
reco t s)
on City Ck:k
Physical Boundaries
Edgewater is a neighborhood in Miami located north of Downtown and the Art & Entertainment
District, and south of the Upper East Side. It is delimited by NE 17th Ter to the south, the railroad track
to the west, I-395 to the north, and the Biscayne Bay to the east.
Access and Linkage
Primary access to the area is provided by Interstate 95, a major arterial that crosses the Miami metro
area in a north/south direction. Access from 1-95 is provided by I-195/Biscayne blvd, and 1-395.
Overall, vehicular access is good.
Edgewater is located north of the Venetian Causeway, an East/West linkage to Miami Beach.
DDA Boundary Expansion Study
Analysis of Expansion Area
Submitted into the publi
record fo i e s) t 1, 4
CO City Cie2lr
Public transportation is provided by bus, metro mover and Metrorail and provides access to all of
Miami -Dade County. Several bus station are located at along US-1. The local market perceives public
transportation as average compared to other areas in the region. However, the primary mode of
transportation in this area is the automobile.
The Miami International Airport is located about 6 miles from Edgewater; travel time is about 10-15
minutes, depending on traffic conditions.
13
Demand Generators
Major employers include various financial institutions (American and foreign), major law firms and
private business within Downtown Miami. In addition to its strong employment base, the area is easily
accessible to the Coral Gables, Aventura and Miami Beach submarkets, all within 10-20 minutes
driving time. Access to employment centers in other submarkets is not a major demand driver.
Residential Development Trends
Figure 3
Greater Downtown Miami Condo Market Size — Q2 2017
Su6market Current Market Curront 1G Potential Lang % Growth
Sao In Growth Growth Tenn Growth Longterm
A & E 4,052 596 15% 1,834 45%
Brickell 23,610 2,139 9% 5,287 22%
CBD 6,640 902 14% 5,198 7896
Edgewater 5,102 2,746 5496 1,389 2796
M idtcanrn 978 410 42% _ 195 20%
Wynwood 111 15 14% 478 431%
Total (2017) 40,493 6,808 17% 14,381 36%
11] Inckedes a12014-2017 del varies
12) long -Term G►aNth lathe retraining Conceptual unit, rrR of currant growth.
I3) Current Growth is al Under Co lox Contracts and Reservation.
Out of 40,493 existing condos, about 5,102 of the inventory is in the Edgewater submarket. That
represents 12.5% of the supply. As of mid -year 2017, there were 2,746 condominiums under
construction, contracts or reservations within the Edgewater submarket. This represents an addition
of 54% of the existing supply in the neighborhood.
DDA Boundary Expansion Study
irr.
Analysis of Expansion Area
Figure 2
CU,"i n
Submitted into the public 14
record fp it (a)
on tl l y / L(:. City Cic:k
Q22017
Subrnarket Complete Since 2012 Under Constriction Contracts Reservation Proposed Totals
A&E c 53i6 0 u.1 2,430
Brickell 3:707 1,321 .2.7 ,
CBD 5 112 3:20 _ . , 2
Edgewater
Midtown
Wynwood 1' v 15 . 504
Total (2017 Midyear) 5,180 5,078 1,225 505 14,381 26,369
Total (2017 Annual) 4,091 6,254 803 1,215 13,980 28,343
Total (2016 02) 2,790 7,499 879 673 15,606 27,447
Total (2015) 1,889 7,308 1,874 207 17)615 28,893
Total (2014)
1,044 6,019 2,070 1,598 12,543 23,274
Edgewater is the second highest -rated submarket for new condominiums deliveries in the last 5 years
with 1,050 units, with the adjacent A&E market recording no completions since 2012. The Edgewater
inventory represents 20% of the newer (post 2012) condominium supply.
The lack of development within A&E district in the past size years can be attributed to the larger
assembled land uses within A&E surrounding the Arscht Center and adjacent waterfront (former
Miami Herald site) which have yet to develop. These land uses within A&E do not suffer from lack of
development demand. They merely represent larger site developments that may require longer
development lead times.
DDA Boundary Expansion Study
Analysis of Expansion Area
Submitted into the public
cord f it f1(s) uI
on
re4 % fit. 6 . city Cie*
15
Figure 4
Projected Condo Unit Delivery by Year
Submarket Narne/Localion
a Units
Year Quarter
A&E
1000 Menem 83 2018 04
Naafi
Canvas 513 2018 Q1
FIstiran 649 2019 TBD
One River Point 418 Contracts — TBD
Echo Bricker, 180 2017 Q4
1010 &ickell 387 2017 Q4
8rickelt Ten 165 2017 03
Bnckell Height' - East 358 Completed 2017
Stickel! Heights - West IBH02) 332 Completed 2017
SLS Lux 460 2017 04
CBD
Edgewater
Paramount Miami 612 2019 TBD
Aston Martin Residences 390 Contracts — 7113
Ma on the Bey _ 647 2017 04
Elsoayna Beech 369 Completed 2017
26 Edgewater 86 2017 Q4
Bentley Edgewater Condo -Hotel 207 Reservations — TBD
Ehisee 100 Contracts — TBD
The Edgewater 30 2017 04
Gran Persiao 317 Contracts — TBD
Paroiso Bay Tower I 360 2017 Q4
One Paraiso 272 2017 04
Missoni Baia 146 Reservations — TBD
Spark 56 2018 TBD
Partin° Bayviews 388 2017 Q4
Almon 137 Reservation — 7113
Midtown Hyde Midtown 410 2017 04
Wynwood Wyn28 16 Reaervatiane — TBD
Projected New ToW 2017 Ju4Oao 3, 3
Condo Deliveries Total 2018 862
Tod 2011 1,061
Toed 2020r 0
Tool 6.070
As of mid -year 2017, there were (27) projects recently completed, under construction, or in pre -
development in the Greater Downtown area. Of those, (13) locations are in the Edgewater submarket,
making it the most active submarket in terms of residential development based on total project
activity.
DDA Boundary Expansion Study
Analysis of Expansion Area
Submitted into the publ'c
record ttc ) —
on 14
7I16 . City Cleric
16
Figure 10a
Greater Downtown Miami Rental Pipeline - Under Construction and Complete Projects 0
Submerket Building
2017 02 States
2 Units Completion Dam
A & E Square Station
Brickell Solitair Brickell (former Brickell Bayview Center)
Brickell
Brickell
CBD
CBD
CBD
CBD
CBD
Edgewater
Edgewater
Edgewater
Midtown
Midtown
A & E
Brickell
Brickell
Brickell
CBD
CBD
Midtown
Midtown
Panorama
MaZon at Brickell
Avant at Met Square
MiamiCentral Apartments tup to 5 towers)
Vice _
7th Street Promenade Tower 1
7th Street Promenade Tower 2
2500 Biscayne
Biscayne 27
Modem Edgewater
Pears Midtown 29
Midtown 6
Melody
SoMa
Broadstone at Brickell
Brickell View Terrace
Flagler on the River
Monarc at Metropolitan 3
Midtown 5
Eve at the District
Total
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Under Construction
Complete
Complete
Complete
Complete
Complete
Complete
Complete
Complete
It of Units Under Construction
710 04 2018
438 04 2017
821
282
391
800
484
450
413
156
330
297
309
447
500
418
372
76
250
482
400
197
6,288
04 2017
04 2019
04 2017
04 2018
03 2018
03 2018
TBD 2019
03 2017
03-04 2019
2019
01 2018
TBD
01 2020
2015
2017
2018
2014
2016
2017
2017
Total *of Units Completed in 2016-2017 1,545
Total tt Units Completed 2014-2015 1,130
Greater Downtown Miami Rental Pipeline - Completed project (2014 & older)
Property Name
25 Mirage
Flagler River
Filling Station (excluded)
22 Skyview
Second Plaza
One Plaza
One Broadway
25 Biscayne Park
Camden
22 Biscayne Bay
1550 Brickell
Hamilton on the Bay
Total
Units Submarket Year Built
171 Edgewater 2014
250 CBD 2014
81 Edgewater 2014
274 Edgewater 2013
94 Edgewater 2011
188 Brickell 2009
371 Brickell 2007
214 Edgewater 2007
405 Brickell 2003
104 Edgewater 2003
138 Brickell 1988
265 Edgewater 1984
2,555
DDA Boundary Expansion Study
Analysis of Expansion Area
Submitted into the public
recor��tQr� tgrp(,�:)
I L b ow auk
Edgewater has (3) rental projects under construction that should be completed by the end of 2019.
Projects are ranging from 156 units to 330 units. There were no recent deliveries in that area. While
the Edgewater market is less active in terms of total multi -family rental development, and district
compares well to its adjacent submarket (A&E).
Both the Edgewater expansion area and the A&E area are experiencing slower total multi -family
growth than the CBD and Brickell, a slower rate of growth does not meet the statutory tests for
expansion. Further, the proposed expansion area is poised to represent a larger share of future
development, but the A&E district is growing similarly.
17
Therefore, a review of the recent development patterns does not support expansion since the target
expansion area is growing at a rate equal or faster than the DDA district, and the adjacent areas are
not suffering from deterioration of land use stagnation.
irr.
DDA Boundary Expansion Study
Analysis of Expansion Area Submitted into the public record tiqr 1t (s) 1)1 11
on tf a g i b . city civic
Commercial Trends
The following section overviews the retail and office conditions in the portion of the DDA territory
north of 1-395 (A&E, and carve -out portion Edgewater; i.e. "A&E district"), and the Non-DDA
Edgewater (i.e. "expansion area").
Retail - DDA A&E, Edgewater
Av�ilabilwty
WIN Pent Per $F
Survey
526.73
5-Year Avg knvenlar'y
S29.08 Exitt 3'. J
Veering Rare
Vacari SF
Avaiabily Rale
Amiable SF
Subket SF
Monts an Market
18.67E
210,428
21.8%
249,661
0
7.8
6.4% Fasting SF
72,070 12 Mo. Cart Marts
7.9% Under Constiudion
86,880 12 Mo. Deitieries
0
11.7
Dennnd
eta #s. SF
12Mo. Leasing SF _
Survey
4,600
Survey 5-Year Avg
4T 4+6
1,129,167 1,123,702
O 4,152
15,000 7,076
O 3,091
5-Year Avg Sabot Past Year 5-Year Avg
-22,45.0 Sepia Race Petr SF 332! ;517
3,430 Asking Prix Per SF
Sales Vabsne pm.)
Cap Rate
$1,584
$4.5
$783
$13
5.3%
The A&E district is comprised of 1,129,167 SF among 47 existing retail buildings. Triple net rents
average $27/SF, and the vacancy rate is 16.6%. There are currently 15,000 SF +/- of retail under
construction, and no new retail buildings have been delivered in the last year.
Retail — "Expansion area"
Avaii7:i
Survey 5-Year Avg Illidt1114cy
551.91 540.77 Effiltbinci3Udingil
Vacuity R le
Vomit SF
Avaid>aity Rate
Avaiable SF
Sublet SF
32%
19,791
9.5%
62,182
2600
5.4% F44ieing SF
33,365 12 I. Cart Stub
7.3% lbrderCondruciion
45,885 12 Mo. Deliveries
780
Months on Market
7.4 7.4
Demand &Slaty 5-Year Avg Sales
12 Mo. Absorption SF 1,946 3222 5a to Rite Per 3F
12 Mo. Leasing SF 33,881 19,294 Asking Prix Per SF
Sales Vakme (kit)
Cap Role
SIPFvty
74
615,718
26,902
39,329
0
5-Year Avg
75
619,889
18,376
16,778
2,941
Past Year 5-Year Avg
$729 5651
5683
$19
51,093
$18
6.1%
18
According to CoStar and proprietary IRR data, the non-DDA Edgewater area is comprised of
approximately 615,000 SF among 74 existing retail buildings. Triple net rents average $52/SF, and the
vacancy rate is 3.2%. There is currently 40,000 SF +/- of retail under construction, and no new retail
buildings have been delivered in the last year.
A comparison of the commercial activity over the past five years indicates sales volumes annually of
$13 Million (existing district) and $18 Million (expansion area) with average commercial vacancy in the
DDA Boundary Expansion Study
Analysis of Expansion Area
Submitted into, the pub 'c
recoroy ��1 19
on r) City Ck.i
5% - 7% range. The Expansion area commercial district is smaller (about 50% of the commercial space
within the existing district boundaries).
Retail — Comparison
The retail product within the DDA territory is underperforming when compared with the expansion
area both on rent per SF, and on the vacancy rate.
As reported in the 2017 Miami DDA retail market study, the areas of Edgewater located outside the
DDA's service boundaries have seen lower retail rents than those inside, with retail rents of $35-$45
NNN along Biscayne and Northeast 2nd Avenue but outside the DDA's borders versus those of $45-$65
NNN within the boundaries. This gap exists in spite of the northern blocks being very close to
Interstate 195, the main linkage between the mainland and the middle section of Miami Beach.
A map showing retail rents on either side of the DDA boundary (red line) appears below.
The rent levels proximate the existing DDA boundary are higher, evidencing the aforementioned "spill-
over affect" of the district. However, the concentration of multi -family and new condo development
DDA Boundary Expansion Study
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in the eastern sections of Edgewater between NE 20th Street and NE 29th Street, as well as the affects
of Midtown should also be cited as promoting higher rents within the commercial Biscayne corridor.
Rent levels in the $35 - $65 per SF range are considered very healthy rent levels, both in the district
boundaries, and the proposed expansion area.
Office - DDA A&E, Edgewater
AVO I MAo'v
GraSZ RVTE :•=r r
54lr. e j 5-Year Avg Sowy 5-Year Ave
5.'.•: =3 133 75 Existing 8uidngs 20 20
Vacancy Rale
Vacant SF
Amy Rile
Amble SF
SIAM SF
Monin an Market
20.17E 38.7% Exiling SF 973,790 1,215,448
195,517 469,830 12 Ma Cant Starts 0 0
24-8% 24.5% Under Caution 0 0
241,759 298,318 12 Mo. Deliveries
0 921
33.3 45.0
0 0
Demand Sia v y 5-Year Avg Alain k Past Year 5-Year Aye
12 Me Appgrpecn SF 50,803-99,210 Sale Prix Per SF S1,150 $644
1 ). L ta&-ng SF c2 T'35 81,130 Asking Prix Per SF -
Sales Volume (P)
Cap Rale
S18 S20
The A&E district is comprised of 973,790 SF of office space among 20 existing buildings. Gross rents
averages $32/SF, and the vacancy rate is 20%. There is currently no office space under construction, or
that has been delivered in the last year.
Office (Non-DDA Edgewater)
AwaiLub0lly titH 'it'',' 5-Year Avq nvenio y Survey 5-Year Awg
Gross Rent Per SF S32 E3 $31,62 F;ciabny BuiIdirkyt, 47 47
Vacancy Rale 8 % 11.2% Exiling SF 995,669 995,669
Vacant SF 85,488 111,464 12 Mo. Cant_ Stars 0 0
Avaiabily Rate 10.77E 16.07E Under Construction 0 0
Avaiabie SF 106,676 159,549 12 Mo. Dekveries 0 0
Sublet SF 0 4,634
Months on Market 8.0 115
Demand Survey 5-Year Avg Salsa Past Year 5-Year Avg
12 M4 Absuiptron SF .39,377 6.494 Seie Pnce Per S:` Ss25 $245
12 Mo. Leasing SF 51,703 35,686 Asking Price Per SF $260 3203
Sales Vakane (Mit) S30 $21
Cap Robs - 5.0%
The A&E district is comprised of 995,669 SF of office space among 47 existing buildings. Gross rents
averages $32/SF, and the vacancy rate is 8.6%. There is currently no office space under construction,
or that has been delivered in the last year.
Office — Comparison
The office product in the DDA territory and the expansion area are commanding a similar gross rent
per SF but the vacancy rate is 20% in the DDA territory while it is 8.6% in the expansion area.
irr
DDA Boundary Expansion Study
Analysis of Expansion Area
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21
Breakout of A&E from Existing DDA Area
IRR analyzed in the table below the retail and office market performance in three different locales: the
proposed Edgewater expansion area, the portion of Edgewater (Biscayne Boulevard up to 24th Street
and the east side of 2nd Avenue) within the DDA boundaries, and the adjoining Arts and Entertainment
District.
Market Rent and Vacancy Performance
Non-DDA Edgewater Rent
Non-DDA Edgewater,Vacancy
DDA Edgewater Rent
DDA Edgewater Vacancy
A&E Rent
A&E Vacancy
Retail (NNN) 5-Year Average Office (Gross) 5-Year Average
$S3 $40 _ $33 $30
3.3% 5.6% 1739O 11.2%'
$65 $35 _ $25 _ $24
1.4% 3.996. ___. ,__ .............. 11.4%
$24 $23 $35 $36
19.3% 7.0% 18.9% 39.6%
Source: CoStar, compiled by Integra Realty Resources, Inc
The portion of Edgewater inside the Miami DDA is performing better than the non-DDA Edgewater in
terms of retail rent growth and absorption, although they have performed comparably in the office
market. The A&E area is weaker than Edgewater (both DDA and non-DDA), but this weakness is largely
attributed to the Omni retail/office space owned by Genting. The rental rates have remained stable in
A&E within the last 5-years. The occupancy rate has been decreasing for retail, while it has been
increasing for office.
Commercial Conclusions
Part of the determination on expansion should consider whether the expansion will preserve values or
deterioration in the original district. It is not clear from the retail data that expansion of the DDA
boundaries will materially enhance commercial rent levels beyond the enhancement already
underway, and there is little evidence that the adjacent district boundaries would be negatively
impacted by the exclusion of the expansion area (ie — rent levels and occupancy on average improved
with the exception of A&E retail vacancy against its five year average).
The DDA retail -commercial areas of Edgewater and A&E are underperforming the expansion area
currently (and historically over 5 years). Conversely, when A&E district is segregated from Miami DDA
Edgewater area, the metrics change drastically with DDA Edgewater outperforming non-DDA
Edgewater (retail). This indicates a possible area of enhancement on the retail component. However,
we caution against significant positive inference in these statistics because A) the Biscayne corridor
generally has been undergoing revitalization (which tends to drive building owners to vacate buildings
pre -redevelopment), and B) the area residential development patterns are partially responsible and
positively influencing both expansion area and non -expansion area Edgewater rents. The only area
not as significantly influenced is the A&E area; however this area is not deteriorating.
Neither the existing DDA boundary area, nor the expansion area, are primary office corridors within
downtown. The retail corridors (inside and outside the expansion area) continue to grow.
Therefore, we find minimal support for the statutory criteria as it relates to retail and commercial
metrics supporting expansion.
DDA Boundary Expansion Study
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Zoning and Land Use
The following map shows the zoning within the Greater Downtown Miami area.
22
The primary zoning in the DDA territory, and the non-DDA Edgewater is very similar. With the
exception of the parks (in green), and the civic institutional (in blue), the primary zoning in both areas
under Miami 21 is T6 Urban Core (varying from T6-12 to T6-80). In comparison to other areas on the
above map close to downtown such as Midtown, Wynwood, Overtown, Little Havana, and Allapattah;
the Non-DDA Edgewater, and the DDA territories provide for the most intensive uses.
DDA Boundary Expansion Study
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Mid -rise and high-rise buildings are concentrated in those two areas. The following 3D image
represent the development pipeline. Buildings in white are existing, in Tight blue were recently
completed, in dark blue are under construction, in purple are proposed.
Source: DDA
The above image shows a 3D development pipeline for the Greater Downtown Miami.
The above image shows the 3D development from a closer view. The non-DDA Edgewater portion is
outlined in yellow, while the DDA portion is outlined in red. The graphic demonstrates that the
existing DDA boundary has significantly more projects proposed than the expansion area.
DDA Boundary Expansion Study
23
Analysis of Expansion Area
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24
Development Opportunity
Currently, there is not much available vacant land along Biscayne Boulevard within the DDA
boundaries, making coordinated reinvestment and redevelopment along the DDA portion of Biscayne
more difficult. The aerial below, oriented from north (left) to south(right), shows how many more low -
density redevelopment sites there are north of the DDA boundary (yellow line):
Of those sites within the yellow DDA's boundary, ownership is very concentrated. Outside the yellow
boundary, ownership is more highly fragmented. The majority of the sites near the Arsht Center are
either in public ownership or are controlled by one group, Genting Malaysia, who has been holding
them for future development.
The level of land fragmentation within the expansion area is significantly higher than within the
existing DDA boundary. Notably, some of this fragmentation is a result of prior zoning and historic
land use patterns and is not attributable to affects of the Miami DDA.
The feasibility of assembling land areas for large scale redevelopment will in part occur naturally as
area property values increase. The historic assemblage of larger land areas has not necessarily led to
more development as evidenced by the A&E development patterns, and in fact may contribute to
longer -term land banking which does not promote near -term revitalization.
However, the fragmented ownership/land use within the expansion area is not a suitable reason in
and of itself for its inclusion within the DDA boundaries unless inclusion would promote revitalization
efforts. Since the adjacent assemblages in DDA district boundaries have not spurred substantial
DDA Boundary Expansion Study
Analysis of Expansion Area
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recorct ioyhe s) 01, 4
25
redevelopment despite the larger assemblage of redevelopment tracts, and in so much as the historic
development favors the Edgewater expansion area as the second most active area of redevelopment
next to Brickell, our finding with regard to fragmentation is that while inclusion within the DDA
boundaries may encourage assemblage, such assemblage is no guarantee that near -term revitalization
will follow.
If assemblage and redevelopment is feasible, then it will occur as a function of market demand,
whether the expansion area is included or not.
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DDA Boundary Expansion Study
Analysis of Expansion Area 26
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Pedestrian Streetscape / Connectivity - Baywalk
One of the defining characteristics of north Edgewater is the general inconsistency of a unified
streetscape in the area. The photographs on the following page, taken along Northeast 2"d Avenue,
contrast the DDA verse non-DDA conditions which from a pedestrian standpoint are inferior in the
non-DDA section. These streetscape and maintenance issues inhibit the attractiveness of the area
outside the DDA boundaries (ie — expansion area) and while there are some blocks of retail with
strong occupancy and tenant mix (the west side of Northeast 2nd Avenue along Northeast 24th Street
comes to mind), there are many others that remain underutilized.
Biscayne Blvd within DDA Boundary
Biscayne Blvd outside of DDA Boundary
The streetscape and retail programs of the DDA would likely be very beneficial to provide a more
unified streetscape.
DDA Boundary Expansion Study
Analysis of Expansion Area Submitted into the public 27
recor t r rt m(s)
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Coordination of Major Events
Another opportunity in favor of the expansion is the ability to manage and coordinate major events
and pop-up uses on these sites outside the DDA boundaries. While the December art season includes
events both within and outside the DDA boundaries, several major events are located just outside the
DDA borders. An art fair tent located on the non-DDA side of 2nd Avenue and new investments (below
and following page) show that the Miami DDA could better leverage investment near its borders to
promote Greater Downtown Miami as an arts destination.
Connectivity
The Miami DDA has taken an active role in promoting the linkage of the Miami River and the Biscayne
Bay through its 2017 initiative to unify a walking/biking trail throughout the Edgewater expansion area
known as the Baywalk. These efforts incorporate a linear park along the Biscayne Bay waterfront
from Brickell to Edgewater including land area within the expansion area. This is a significant effort to
incorporate and enhance walkable public spaces connecting key water features throughtout the urban
landscape. However, similar to event coordination or other pedestrian streetscape enhancements,
these efforts are part of the Miami DDA's mission, but are not part of the statutory test for expansion.
Conclusion (Streetscape / Major Events/Connectivity)
None of these criteria specifically point to support for expansion. In the event the development or
investment metrics demonstrated the expansion area was lagging in investment, or the adjacent DDA
area was suffering by not including the expansion area, these qualitative factors may support
quantitative findings.
However, the quality of the pedestrian experience and the ability of the expansion area to house
major events from a coordination standpoint is not supported by the quantitative analysis of
development activity, rent and occupancy levels.
We find that no major detriment exists to the adjacent existing DDA area exists (which is considered
somewhat superior in terms of streetscape coordination), and while inclusion of the expansion area
into the DDA's boundaries might enhance the DDA's ability to coordinate investment to best affect,
this is not a statutory element for consideration.
DDA Boundary Expansion Study
Real Estate Value Impacts 28
Real Estate Value Impacts
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The tables below show value trends within the DDA and non-DDA portions of Edgewater.
Just Value
Miami DDA North
Non-DDA Edgewater
Taxable Value (Non -School)
Miami DDA North
Non-DDA Edgewater
Land Value
Miami DDA North
Non-DDA Edgewater
Just Improved Value
Miami DDA North
Non-DDA Edgewater
Taxable Improved Value
Miami DDA North
Non-DDA Edgewater
2015 2016 2017
$2,634,157,562 $2,699,460,749 $2,784,374,932
$2,306,454,541 $2,711,511,302 $2,722,675,684
2015 2016 2017
$1,504,727,864 $1,537,417,572 $1,595,395,678
$1,557,193,247 $1,934,180,362 $1,995,485,102
2015 2016 2017
$984,908,796 $1,178,204,116 $1,320,451,485
$967,626,906 $1,192,852,541 $1,269,955,997
2015 2016 2017
$1,649,248,766 $1,521,256,633 $1,463,923,447
$1,338,827,635 $1,518,658,761 $1,452,719,687
2015
$519,819,068
$589,566,341
Non -Residential Just Value (inc. Land)
2015
Miami DDA North $1,697,874,111
Non-DDA Edgewater $1,005,644,608
Residential Just Value (inc. Land)
2015
Miami DDA North $936,283,451
Non-DDA Edgewater $1,300,809,933
2016
$359,213,456
$741,327,821
2016
$1,740,612,696
$1,199,594,679
2016
$958,848,053
$1,511,916,623
2017
$ 274,944,193
$725,529,105
2017
$1,906,171,526
$1, 286, 288,151
2017
$878,203,406
$1,436,387,533
2015-2017 Change
5.70%
18.00%
2015-2017 Change
6.00%
28.10%
2015-2017 Change
34.10%
31.20%
2015-2017 Change
-11.20%
8.50%
2015-2017 Change
-47.10%
23.10%
2015-2017 Change
12.30%
27.90%
2015-2017 Change
-6.20%
10.40%
It is not possible to disaggregate residential improvements from land because of the way condos are handled.
Land values do not include condos and are not broken out into just vs. taxable.
Source: Miami DDA and Miami -Dade Property Appraiser, compiled by Integra Realty Resources, Inc.
DDA Boundary Expansion Study
Real Estate Value Impacts
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29
Analysis of Assessment Data
The analysis of assessment data is perhaps the most relevant with respect to the statutory criteria
since the tests require a finding of either A) the need to expand the area in order to revitalize or
preserve property values in the expansion area or B) to prevent deterioration within the existing area.
Therefore, the most significant findings would rest on the demonstrative comparison of value changes
within the two districts.
In coordination with Miami DDA staff, IRR has arrayed the various assessment metrics within the
expansion area, and within the area defined as Miami-DDA North (comprised of the Edgewater district
within the Miami DDA boundaries).
Because of the different land uses and zoning within the two areas (the Miami DDA North component
does not include waterfront land), the quantum of the total assessment less important. If primary
importance is that both the Miami DDA Edgewater section, and the Non-DDA Edgewater section both
experienced 3-year value changes of 6% - 28% (total Just and Taxable Value), and land value changes
nearly equivalent of 31%-34%.
While the Improved Values within the existing DDA district lost taxable value, the overall value
changes offset all of these losses. Losses to improved values can come through demolition (due to
redevelopment), or can represent a re -allocation of the assessment towards land value. Therefore,
the overall change in just value should represent the primary measure for comparison.
The Miami-DDA North section is growing slower than the proposed expansion area. However, the
statutory test is whether inclusion will prevent deterioration. Since there is no evidence of
deterioration within the existing boundary, and the non-DDA portion is growing significantly faster,
our findings reveal a lack of support for expansion under the statutory test.
DDA Boundary Expansion Study
Conclusion 30
Conclusion
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IRR has analyzed the Edgewater expansion area on various metrics which drive the real estate
development cycle, and which infer the health of the respective submarkets under consideration,
namely the defined expansion area, and the existing Miami DDA boundaries.
We have compared the expansion area and existing boundary on these various metrics, and find both
areas to be healthy, and both are benefitting from the Miami DDA's mission and efforts to promote
the City. However, our research did not reveal any definitive quantitative factors demonstrating that
the expansion area was necessary for inclusion to spur redevelopment, and in fact most metrics
indicate that the expansion area is on par or outperforming the immediately adjacent boundary
sections.
Taking all factors into account, including qualitative and quantitative factors, but weighing most
heavily the quantitative aspects that directly address the statutory requirements, IRR concludes that
the proposed expansion is not supported by the quantitative analysis tests required under Fla. Statute
166.0497.
DDA Boundary Expansion Study
Addenda
Sutniitteed into the public
record -II/ teinZ(` )
on TJ b . City Cl k
Addendum A
Consultant Qualifications
DDA Boundary Expansion Study
10:
Su n fitted into, the puIntegra Realty Resources
,lic
Anthony M. Graziano, MAI, CRE
Experience
Senior Managing Director of Integra Realty Resources — Miami/Palm Beach.
Mr. Graziano has actively counseled and advised clients on the sale, leasing, valuation, management,
and development of commercial real estate assets throughout the northeast and southeast U.S.
since 1992.
Mr. Graziano's professional perspective is a blend of his experience and educational background
which includes formal training in architecture, urban planning, macro and micro economics, real
estate finance, institutional asset management, and land development. His market experience in
sales, leasing, management, and valuation disciplines combine to bring practical real world answers
to complex planning and development projects. He has been actively involved as a consultant and/or
member of a consultant team on various major redevelopment and land use projects for public and
private clients over the past 25+ years.
Mr. Graziano has specialized in consulting and valuation assignments for corporate and private
clients on a wide array of complex issues related to estate and condemnation matters, title defects,
environmental contamination/damages, air rights, partial and fractional interests, contract disputes,
and mediation/arbitration disputes. Mr. Graziano's experience in these matters provides a
comprehensive framework for effective strategic real estate consulting.
Professional Activities & Affiliations
Advisory Board Member: Urban Land Institute (ULI) South Florida / Caribbean
Advisory Board Member: University of Miami M+RED Program
Member: Economic Roundtable - Miami Beacon Council (2012-present)
Board of Director: Integra Realty Resources, Inc. (2011-2016)
Chairman of the Board: Integra Realty Resources, Inc. (2016-present)
Director: South Florida Chapter of the Appraisal Institute (2014-2016)
Board Member: Builders Association of South Florida (BASF) (2014-2016)
Subject Matter Expert (SME): Appraisal Practice Board, Appraisal Foundation
Member: Appraisal Institute (MAI) (2008-Present)
Member: Counselors of Real Estate (CRE) (2007-Present)
National Association of Realtors (REALTOR)
Miami Association of REALTORS Industry Analyst of the Year (2016)
Former Fellow: Royal Institute of Chartered Surveyors (FRICS) (2007-2014)
Al Leadership Development Advisory Council, March 1998 - February 2001
Lifetime Member: National Eagle Scout Association (NESA)
Licenses
Florida, State -Certified General Real Estate Appraiser, RZ3510
New Jersey, State -Certified General Real Estate Appraiser, RG001261
Education
University of Miami, Coral Gables, Florida 1988-1992
Degree: Bachelor of Science in Land Development and Planning, School of Architecture
New York University Real Estate Institute, New York, New York 1993-1996
Degree: Master of Science in Real Estate Development and Investment
amgraziano@irr.com - 305.670.0001 x320
1
Palm Beach
T 305.670.0001
F 305,670.2276
irr.cem
Anthony M. Graziano, MAI, CRE
Qualified Before Courts & Administrative Bodies
Qualified and accepted as an expert before:
US Bankruptcy Court (Newark, Southern District of Texas, Southern District of Florida)
US Federal District Court (Southern District of Florida)
FL Circuit Court (Miami -Dade, Broward, and Monroe Counties)
NJ State Tax Court
NJ Superior Court - Chancery Division
NJ Superior Court - Law Division
Various municipal planning and zoning boards throughout New Jersey and Florida
Various Taxing Authorities and Boards throughout New Jersey and Florida
Ran littr d into the public
retort t r i em ;.)
an `I City Clcic
amgraziano@irr.com - 305.670.0001 x320
Integra Realty Resources
Miami/Palm Beach
The Douglas Centre
2600 Douglas Road, Suite 801
Coral Gables. FL 33134
T 305.670.0001
F 305.670.2276
irr.com
4L 1/1VI7 1'ILf�L
RICK SCOTT, GOVERNOR
MATILDE MILLER, INTERIM SECRETARY
STATE OF FLORIDA
DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
FLORIDA REAL ESTATE APPRAISAL BD
LICENSE NUMBER
The CERTIFIED GENERAL APPRAISER
Named below IS CERTIFIED
Under the provisions of Chapter 475 FS.
Expiration date: NOV 30, 2018
GRAZIANO, ANTHONY MICHAEL
2600 DOUGLAS ROAD SUITE 801
CORAL GABLES FL 33134
IsstED: oii l2017
DISPLAY AS REQUIRED BY LAW
SEQ L1701230000788
Submitted into the public
recen �/q�/f;���
City act
Addenda
About IRR
Cutrriittr d into the pub
record tor iiZ (`)
cx� b
icL tt
City Clc k
Integra Realty Resources, Inc. (IRR) provides world -class commercial real estate valuation, counseling,
and advisory services. Routinely ranked among leading property valuation and consulting firms, we are
now the largest independent firm in our industry in the United States, with local offices coast to coast
and in the Caribbean.
IRR offices are led by MAI-designated Senior Managing Directors, industry leaders who have over 25
years, on average, of commercial real estate experience in their local markets. This experience,
coupled with our understanding of how national trends affect the local markets, empowers our clients
with the unique knowledge, access, and historical perspective they need to make the most informed
decisions.
Many of the nation's top financial institutions, developers, corporations, law firms, and government
agencies rely on our professional real estate opinions to best understand the value, use, and feasibility
of real estate in their market.
Local Expertise...Nationally!
irr.com
Error! No text of specified style in document.
Sntmittc d into the public
recor r it m(s)
�Z . City auk
CITY OF MIAMI
OFFICE OF THE CITY ATTORNEY
MEMORANDUM
TO: Christina Crespi, Acting Executive Director
Nicholas Martinez, Economics & Market Development, Senior
Manager
Downtown Development Authority - COM
FROM: Robin Jones Jackson, Division Chief of Complex Transactions
DATE: May 16, 2018
RE: Downtown Development Authority - Expand Boundaries to include
the Biscayne Neighborhood Association
Matter ID No.: 17-13
You have requested that we furnish you with an informal legal opinion on substantially the
following question:
WHETHER THE TERMS "REVITALIZE" AND "DETERIORATION" IN
FLORIDA STATUTES SECTION 166.0497(1) HAVE BEEN
INTERPRETED BY THE COURTS?
Brief Answer:
Florida Statues Section 166.0497 provides the procedures for altering, amending, or
expanding an established downtown development district. Subsection (1) thereof states:
"{w}henever the governing body of a municipality that has created a
downtown development district pursuant to chapter 65-1090, Laws of
Florida, determines that it is necessary to alter, amend, or expand the
boundaries of the established district by the inclusion of additional
territory or the exclusion of lands from the limits of the established
district, in order to revitalize and preserve property values or to prevent
deterioration in the original district or its surrounding areas, it shall, by
resolution, declare its intention to do so."
As of this date, the terms "revitalize" and "deterioration" in subsection (1) of Florida
Statutes Section 166.0497 have not been interpreted by the courts. Additionally, Black's Law
Dictionary (9th ed. 2010) does not provide definitions for either "revitalize" or "deterioration".
Thank you for your inquiry.
Prepared by: Robin Jones Jackson, Division Chief of Complex Transactions
cc: Barnaby L. Min, Deputy City Attorney
John A. Greco, Deputy City Attorney
George K. Wysong III, Division Chief for General Government
Doc. No.: 969076
Subm ttc d into the public
recor 4 ' r i em(::)
on City C1c:k
CITY OF MIAMI
OFFICE OF THE CITY ATTORNEY
MEMORANDUM
TO: Christina Crespi, Acting Executive Director
Nicholas Martinez, Economics & Market Development, Senior
Manager
Downtown Development Authority - COM
FROM: Robin Jones Jackson, Division Chief of Complex Transactions
DATE: May 16, 2018
RE: Downtown Development Authority - Expand Boundaries to include the
Biscayne Neighborhood Association
Matter ID No.: 17-13
RECEIPT
This is to acknowledge receipt of the above -captioned correspondence from the Office of
the City Attorney.
Received by:
Print Name:
Date:
Please sign and return this receipt to Tania Mickens, Legal Assistant.
Enclosure(s)
Doc. No.: 969076
Miami
FL
Resolution
R-19-0318 City Cic:9c
MApOpTED
OD nON H
;125. 2°19 9: 00 4)
Submitted into the pub,
recur
oq ��
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENTS, FINDING,
DETERMINING, AND DECLARING THAT THE TOTAL NEW TERRITORY DESCRIBED IN
EXHIBIT "A," ATTACHED AND INCORPORATED, IN THE DOWNTOWN DEVELOPMENT
AUTHORITY ("DDA") DISTRICT ("DDA DISTRICT") REFLECTS THE INCLUSTION OF THE
TERRITORY DESCRIBED IN EXHIBIT "B," ATTACHED AND INCORPORATED, WHICH ARE
THE RIGHT-OF-WAY LANDS UNDERNEATH THE MIAMI METRORAIL, ALSO KNOWN AS THE
UNDERLINE, FROM THE MIAMI RIVER TO SOUTHEAST 15TH ROAD (COLLECTIVELY,
"UNDERLINE ADJACENT TO DDA DISTRICT AREA"), IN ORDER TO REVITALIZE AND
PRESERVE PROPERTY VALUES IN THE DDA DISTRICT AND ITS SURROUNDING AREAS
PURSUANT TO SECTION 166.0497, FLORIDA STATUTES (2018); DECLARING THE CITY OF
MIAMI'S INTENT TO ALTER, AMEND, AND EXPAND THE DDA DISTRICT BOUNDARIES BY
INCLUDING THE TERRITORY DESCRIBED IN EXHIBIT "B", ATTACHED AND
INCORPORATED; SETTING THE DATE FOR A PUBLIC HEARING AT WHICH THE CITY
COMMISSION WILL CONSIDER THE ADOPTION OF AN ORDINANCE EXPANDING THE
BOUNDARIES OF THE DDA DISTRICT TO THE NEW BOUNDARIES IN EXHIBIT "A",
ATTACHED AND INCORPORATED, TO INCLUDE THE UNDERLINE ADJACENT TO THE DDA
DISTRICT AREA IN EXHIBIT "B", ATTACHED AND INCORPORATED, TO AMEND, ALTER,
AND EXPAND THE EXISTING TERRITORY FOR THE DDA DISTRICT BOUNDARIES
DESCRIBED IN EXHIBIT "C," ATTACHED AND INCORPORATED.
Information
Department: Commissioners and Mayor Sponsors: Commissioner Ken Russell
Category: Elected Official Item
Attachments
Agenda Summary and Legislation
6241 Exhibit A
6241 Exhibit B
6241 Exhibit C
6241 Exhibit D-SUB
6241 Exhibit E-SUB
6241 Exhibit F-SUB
6241 Back -Up from Law Dept
Financial Impact
N/A
Body/Legislation
WHEREAS, pursuant to Chapter 65-1090, Laws of Florida, in 1967, the City of Miami ("City") created
the Miami Downtown Development Authority of the City of Miami, Florida ("DDA") and established the original
territory of the related downtown development district ("DDA District") as the boundaries within which the DDA
may exercise its powers and added provisions to the Code of the City of Miami, Florida, as amended ("City
Code"), for the DDA and the DDA District; and
WHEREAS, the Friends of the Underline ("Friends") is a United States Internal Revenue Code Section
501(c)(3) non-profit organization working to establish new public park space beneath the MetroRail system
called the "Underline" and the Friends have requested that the DDA and the City include the right-of-way lands
owned by Miami -Dade County's Department of Transportation and Public Works ("County") underneath the
MetroRail from the Miami River on the north to Southeast 15th Road on the south (collectively, "Underline
Adjacent to DDA District Area") in an alteration, amendment, and expansion of the DDA District to create new
boundaries as described in Exhibit "A", attached and incorporated, to include the Underline Adjacent to the DDA
District Area as described in Exhibit "B," attached and incorporated, by altering, amending, and expanding the
existing boundaries for the DDA District previously established pursuant to Ordinance No. 12307 adopted
December 12, 2002, which amended the original territory of the DDA District to the existing area described in
Exhibit "C", attached and incorporated; and
WHEREAS, the DDA has reviewed the potential expansion of its boundaries to include the section of
Underline Adjacent to DDA District Area to allow the DDA to partner with and participate in the delivery and
ongoing programming of the new park space; and
WHEREAS, Goal 4, Action Item 4.5 — "Connect and Promote Downtown Parks,
Open Spaces and Greenways" of the 2025 Downtown Miami Master Plan, attached and incorporated as Exhibit
"D," seeks to identify park typologies and potential locations for new open space within the DDA District; and
WHEREAS, Section 166.0497, Florida Statute (2018), details the procedures for the "alteration,
amendment, or expansion of [the] established downtown development district"; and
WHEREAS, the DDA procured the services of Lambert Advisory, an independent third -party consultant,
to study the economic impact of the inclusion of the additional park land created by the section of the Underline
Adjacent to DDA District Area project that runs from the Miami River on the north to Southeast 15 Road on the
south, coincident with the MetroRail right-of-way on property that is owned by the County, to affirm that it would
revitalize and preserve property values in the Downtown District pursuant to Section 166.0497, Florida Statutes
(2017); and
WHEREAS, the study, attached and incorporated as Exhibit "E," concluded that expanding the
boundaries of the DDA to include the Underline Adjacent to DDA District Area will revitalize and preserve
property values within the existing district; and
WHEREAS, the study further concluded that the expansion will result in net positive increases in
existing and future property values within the existing district due to enhanced property assessment values and
potential new development; and
WHEREAS, based on the study, the Board of Directors of the DDA concluded that expanding the
boundaries of the DDA District to include the Underline Adjacent to DDA District Area as stated in DDA
Resolution No. 045/2017 adopted November 17, 2017, attached and incorporated as Exhibit "F," will revitalize
and preserve property values and prevent deterioration of the DDA District; and
WHEREAS, it is in the interest of the DDA and the City to expand the boundaries of the DDA to include
the Underline;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated as if fully set forth in this section.
Section 2. The City Commission hereby finds, determines, and declares that altering, amending, and
expanding the DDA District territory to create the new territorial boundaries in Exhibit "A", attached and
incorporated, by including the territory described in Exhibit "B", attached and incorporated, as the Underline
Adjacent to the DDA District Area to the existing DDA District boundaries described in Exhibit "C", attached and
incorporated, will revitalize and preserve the property values in the DDA District and its surrounding areas
pursuant to Section 166.0497, Florida Statutes (2018).
Section 3. The City Commission hereby declares the City's intent to alter, amend, and expand the DDA
District boundaries by creating the new territorial boundaries in Exhibit "A", attached and incorporated, by
Sutrrdtted into, the biie
record l it m s)
of 41
City Clerk
including the territory described in Exhibit "B", attached and incorporated, in the current DDA District boundaries
described in Exhibit "C", attached and incorporated.
Section 4. A public hearing to consider the adoption of an ordinance expanding the boundaries of the
DDA District to create the new territorial boundaries described in Exhibit "A", attached and incorporated, to
include the Underline Adjacent to the DDA District Area in Exhibit "B", attached and incorporated, by altering,
amending, and expanding the existing DDA District boundaries described in Exhibit "C", attached and
incorporated, shall be held on September 26, 2019 in the Commission Chambers at Miami City Hall, 3500 Pan
American Drive, Miami, Florida.
Section 5. The City Clerk is directed to publish a notice of the public hearing in a newspaper of general
circulation one (1) time not less than thirty (30) days nor more than sixty (60) days prior to the date of the
hearing, which notice shall include a description of the new proposed boundaries of the DDA District.
Section 6. This Resolution shall be effective immediately upon its adoption and signature by the Mayor.
[1]
[1] If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date
it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the
veto by the City Commission.
Meeting History
Jul 25, 2019 9:00 AM
City
Commission
Planning and Zoning
RESULT: ADOPTED WITH MODIFICATION(S) [UNANIMOUS]
MOVER: Joe Carollo, Commissioner, District Three
SECONDER: Wifredo (Willy) Gort, Commissioner, District One
AYES: Ken Russell, Wifredo (Willy) Gort, Joe Carollo, Manolo Reyes, Keon Hardemon
Submitted into the public
record ti
r> 0,4
(W I Lb City Clcric
Snttr,itted Into the public
record ter itfm(r)
OG
City of Miami
Legislation
0
Resolution
City Ck;jt
City Hall
3500 Pan American Drive
Miami, FL 33133
www.miamigov.com
File Number: 6315
Final Action Date:
A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
PROPOSING AN ADDITIONAL TENTATIVE MILLAGE RATE FOR AD
VALOREM TAXATION PURSUANT TO SECTION 200.065, FLORIDA
STATUTES; DEFINING AND DESIGNATING THE TERRITORIAL LIMITS OF
THE DOWNTOWN DEVELOPMENT DISTRICT ("DISTRICT") OF THE CITY OF
MIAMI, FLORIDA ("CITY") AS DESCRIBED IN EXHIBIT "A" ATTACHED AND
INCORPORATED; LEVYING AN ADDITIONAL AD VALOREM TAX ON ALL
REAL AND PERSONAL PROPERTY IN THE DISTRICT AT THE RATE OF
0.4681 MILLS ON THE DOLLAR OF TAXABLE VALUE OF SUCH PROPERTY
IN SAID DISTRICT FOR THE PURPOSE OF FINANCING THE OPERATION OF
THE MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF
MIAMI, FLORIDA ("MIAMI DDA") FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; PROVIDING THAT
SAID MIAMI DDA MILLAGE SHALL BE IN ADDITION TO THE MILLAGE
ADOPTED BY THE CITY COMMISSION PURSUANT TO ARTICLE VII,
SECTION 9 OF THE FLORIDA CONSTITUTION AND SECTION 166.211,
FLORIDA STATUTES, AS WELL AS ANY SPECIAL ASSESSMENTS IMPOSED
BY THE SAME; PROVIDING THAT THIS RESOLUTION SHALL NOT BE
DEEMED AS REPEALING OR AMENDING ANY OTHER RESOLUTION OR
ANY ORDINANCE FIXING MILLAGE OR LEVYING TAXES, BUT SHALL BE
DEEMED SUPPLEMENTAL AND IN ADDITION THERETO; CONTAINING A
SEVERABILITY CLAUSE; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Commission, pursuant to Chapter 65-1090, Laws of Florida; Section
189.056, Florida Statutes ("F.S."); and Section 14-60 of the Code of the City of Miami, Florida,
as amended ("City Code"), is authorized to levy an additional ad valorem tax on the taxable
value of all real and personal property in the Downtown Development District ("District") not
exceeding 0.4750 mills on the dollar valuation of such property for the purpose of financing the
operation of the Miami Downtown Development Authority of the City of Miami, Florida ("Miami
DDA") as affirmed in Milan Investment Group v. City of Miami, 172 So. 3d 458 (Fla. 3rd DCA
2015); and
WHEREAS, for the purpose of this Resolution, the District is defined as the area within
the territorial limits of the City of Miami ("City") as it now exists with the boundaries thereof being
designated in Ordinance No. 12307 adopted December 12, 2002, anticipated to be further
amended as described below, and more specifically described in its current territory in Exhibit
"A," attached and incorporated; and
WHEREAS, Section 200.065, F.S., sets forth the method of computing, proposing, and
fixing a millage rate for ad valorem taxation; and
WHEREAS, Section 200.065(5)(a)(1), F.S., requires that the now proposed tentative
millage rate of 0.4681 mills would further require, at the time of a second hearing, a four -fifths
(4/5ths) affirmative vote of the City Commission on the final determination to adopt such millage
rate; and
WHEREAS, on July 1, 2019, the Miami -Dade County Property Appraiser ("Property
Appraiser"), pursuant to Section 200.065(1), F.S., certified to the Miami DDA the taxable value
of property within the territorial limits of the District at $21,190,968,140; and
Sutnitted into the pubjc
record ar i em(s)
en
City Ck.k
WHEREAS, the Miami DDA prepared a tentative budget for the Fiscal Year beginning
October 1, 2018, and ending September 30, 2019 ("Fiscal Year") and computed a proposed
millage rate of 0.4681 mills, which is necessary to fund the tentative budget, other than the
portion of the Miami DDA's budget to be funded from sources other than ad valorem taxes; and
WHEREAS, on July 25, 2019, the City Commission adopted Resolution No. 18-0335,
attached and incorporated as Exhibit "B," wherein it directed the Executive Director of the Miami
DDA to submit to the Property Appraiser and the Miami -Dade County Tax Collector the
proposed millage rate of 0.4681 mills, together with other required information set forth in
Section 200.65(2)(b), F.S., and also approved the expansion of the Miami DDA's boundaries to
include the section of Underline Adjacent to the Miami DDA area; and
WHEREAS, on July 25, 2019, the City Commission adopted Resolution No. 19-0318,
attached and incorporated, wherein it authorized moving forward with an ordinance amending
the District to amend, expand, and alter the boundaries of the current territory described in
Exhibit "A", attached and incorporated, to include new areas also known as the Underline, which
public hearing for such expansion is noticed for September 26, 2019; and
WHEREAS, Section 200.065(2)(c), F.S., requires the City Commission to hold a public
hearing on the tentative budget and the proposed millage rate;
NOW, THEREFORE, BE IT RESOLVED, BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. For the purpose of this Resolution, the District is defined as that area within
the territorial limits of the City as it now exists with the boundaries thereof being designated in
Ordinance No. 12307 adopted December 12, 2002 and as more specifically described in Exhibit
"A", attached and incorporated.
Section 3. There shall be levied an additional ad valorem tax on the taxable value of all
real and personal property within the District at a rate of 0.4681 mills on the dollar of the taxable
value of such property for the purpose of financing the operation of the Miami DDA for the Fiscal
Year.
Section 4. The proposed tentative millage rate herein adopted is 4.23% greater than the
rolled -back rate of 0.4491 mills.
Section 5. The Miami DDA millage adopted and the ad valorem taxes levied pursuant to
this Resolution shall be in addition to the fixing of the millage adopted and ad valorem taxes
levied by the City Commission pursuant to Article VII, Section 9 of the Florida Constitution and
Section 166.211, F.S., as well as in addition to any special assessments imposed by the same.
Section 6. This Resolution shall neither repeal nor amend any other resolution or
ordinance adopting millage or levying ad valorem taxes for the Fiscal Year but shall be deemed
supplemental and in addition thereto.
Section 7. If any section, part of a section, paragraph, clause, phrase, or word of this
Resolution is declared invalid, the remaining provisions of the Resolution shall not be affected.
Section 8. This Resblution shall become effective immediately upon its adoption and
signature of the Mayor.'
APPROVED AS TO FORM AND CORRECTNESS:
Sutmitted into the public
recoea 4ti�41116 _. Ci) ty Clerk
�dez, ity ttor ey 8/30/2019
' If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days
from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective
immediately upon override of the veto by the City Commission.
Sul into the public
record io it () q_
coa City Clerk
MIA 21025 — Sub -District Revenue
C.210
Slid D5 3%
Arts & Entertainment
50.39 per S1,000
10p8 Miami Pta upe62B7
1000 Biscayne HFrd
Weill 50.119
1331 Brrckell Bay Dr
i0.1u1
300 Biscayne BUYkvard
-eels as Sle
1M48 Meld Pk llph6201
526 ratve�s .40474
1000 Biscayne Blvd
851 Ne 1 Ave $196,56.'SPA
r: e--- e,
13,4 " „vDr Biir14017
398 Ne 5 St S1411000
1100 Drickell Bay Dr
A,'1 +i, EIllfar ILlaMjly 900 Biscayne Blvd R-101 $162,997
210 S Biscayne Blvd $159,900
465 Blida Ave 3151A03
495 Bricke0 Ave $148,050
Revenue tocsin
1425 Bernell Ave
s Neal %Mit
3 6�Bk s 701thK e8Ave
• S+b SMMI hies 9 I
- 0 38 Ste 7 Si Ph
44 'i1linI+l0011i1 l•
830 Sc 1 Ave
300 Biscayne Boulevard
1300 S Miamr Ave Uph2
838 Biscayne Bird
901 Brickell Key Blvd Ph3807
Miami DDA at Arts and Entertainment District (A&E2
Advocacy
Attachment A
1. ALL Miami DDA Appropriations Forms (2021-2026)
2. Miami DDA Legislative Priorities — 2024
3. Miami DDA End of Session Report — 2024
4. Miami DDA Legislative Priorities — 2025
5. Miami DDA End of Session Report — 2025
6. Miami DDA Lcgislativc Priorities — 2026
Sttt n►ittc d into the publ'
record to�it m s) j
.
City Ckrk
From a policy perspective, the attached legislative priorities documents provide a comprehensive review of the policy initiatives Gray
Robinson has pursued on behalf of the Miami DDA (note: awaiting the 2026 budget to be finalized).
From an appropriations perspective, the legislative priorities documents identify the appropriations projects that Gray Robinson has
advocated for on behalf of the Miami DDA, as well as the outcomes of those projects. The supporting appropriations forms identified
by year and project title will give all the details of what the specific funding was requested for. For example, within each appropriation
form, you'll be able to see the purpose of the project, who received the money, who benefited from the project, and all other details
relating to the appropriation project.
1
Arts, Culture, and Entertainment
Grants, Community Activations, and Partnerships
Legacy Grants FY 23-24
Sutn►ittr d into the pub
record f itgm(s)
ea y %�9 / l,b . city cic:k
Event/Activation
Grant Type
Date(s)
Location/
Award
Amount
Description
Impact on
Community
PAMM Presents
Legacy 23-
24
7-Dec-23
PAMM
S25,000.00
On Thursday,
December 7, 2023
PAMM will present its
annual celebration of
Miami Art Week,
PAMM Presents. This
is a one -night -only
event that includes a
performance by a
world-renowned artist.
At the time of proposal
submission, PAMM is
in final negotiations
with DJ D.Luxe, DJ
SoulClap Charlie, and
George Clinton.
Previous performers
have included Moses
Sumney, Jamila
Woods, Jillionaire,
Cashmere Cat, Miami's
very own Uncle Luke,
renowned performance
artist Ryan McNamara,
and musician Dev
Hynes (aka Blood
Orange). The event
uses Miami's Biscayne
Bay as a backdrop,
energizing the
waterfront and
PAMM's iconic
building, while
allowing PAMM to
connect the local
community with the
international art world.
Attendees will also be
able to explore
PAMM's galleries and
enjoy PAMM's current
exhibitions.
COMMUNITY
BENEFIT: Promote
events that connect the
Downtown community
and attract tourism.
Attendance:
5,197
Based on the
Arts &
Economic
Prosperity
Calculator
app
Economic
conom.
impact:
$337,430
2
FilmGate Why
The Drama,
FilmGate
Bootcamps,
Swampdocs. the
Florida Film
Challenge
Subnlittc d into the public
reoord tr Item(n)
«, (-qv ��� . city Clerk
Legacy 23-
24
Weekly from
January I,
2023 through
December
11, 2023
FilmGate Miami
Downtown Media
Center - 168 SE 1st St
33131, Miami Frost
Science Museum, Julia
and Henry's, Yotel„
Miami, FL 33131,
Miami Aqua Tours
Bayside (Boat Tour
Event). Perez Art
Museum Miami,
50000 /
$25k actual
grant
FilmGate Miami
empowers local
independent visual
storytellers,
filmmakers, media
makers, screenwriters,
actors, sound -
designers, make-up
artists, virtual reality
creators, animators,
improv performers,
and so much more
through our daily
programming offered
at FilmGatcs
Downtown Media
center. From six years
old to seniors, anyone
with a desire to tell
their story can be
assistcd by FilmGatc
Miami through our
educational programs
which include Kodak
workshops, BIPOC
fellowships, youth
filmmaker/podcast
boot camps and more
including two festivals
(FilmGates Interactive
Media Festival - the
only one in the region
to focus on virtual
reality, augmcntcd
reality and immersive
storytelling and a
monthly short film
festival for
regional/local
filmmakers) and
networking/workshop
events.
COMMUNITY
IMPACT
Offers Miami DDA
resident discounts
Attendance:
7,500
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$1,500,000
Exhibitions at the
YoungArts
Campus
Legacy 23-
24
November
9—December
10, 2023:
YoungArts
Fall
Exhibition in
the
YoungArts
Gallery
featuring
work by
Isabella
Mellado, a
2014 winner
in Visual
Arts; January
7—March 8,
2024:
National
YoungArts
Week
Exhibition
featuring
works by
2024
YoungArts
winners with
distinction in
Design,
Photography
and Visual
Arts
YoungArts Campus
SI0,000.00
Exhibitions at the
YoungArts Campus
are a platform for
emerging artists to
sharc thcir work with a
prominent cultural
community. These
exhibitions will be
hosted in the
YoungArts Gallery, a
two -floor, 3,000 sq. ft.
gallery space designed
by Frank Gehry in
2013.
COMMUNITY
IMPACT
Free event,
Miami Marriott Host
Hotel
Attendance:
3,813
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$149,009
3
Cutmitt'
d into the
pub •C
1
Join us on Saturday,
October 28th for a
spine -tingling science
adventure. From
radical chemistry
I�6AT(i
i l�c�
1 •
reactions to eye-
OhLi
L i
City Cleric
catching and eerie
experiments in the
_
Mad Science Lab,
you'll spend the day
doing hands-on
science that's so fun,
it's almost scary.
Attendance:
You'll also meet
scientists from local
universities and
5,653
Based on the
2023 Spooky
Science and 2024
World Ocean
Legacy 23-
24
October 28,
2023 and
WOD June
Frost Museum
S25,000.00
professional
organizations. World
Ocean Day, to take
Arts &
Economic
prosperity
Day June 8.
8, 2024
place June 2024- Leam
about the work local
conservationists are
doing to save our coral
Reefs, protect our
Calculator
approx.
Economic
impact:
coastlines, and raise
awareness about the
importance of clean,
healthy oceans. Both
days programming are
free with paid museum
admission.
$171,117
COMMUNITY
IMPACT
Frcc with paid
museum admission
and free passes for
community giveaways
Olympia Arts
MIAMI's program
"TAKING ART TO
THE STREETS"
brings arts and culture
to the streets of
Downtown Miami's
historic Flagler
District. This program
activates commercial
blocks and public
spaces through the
performing and visual
arts, celebrating the
unique character of the
district and connecting
Taking Art to the
Streets to
2October
Paul Walker Park,
Downtown residents,
employees, and
businesses. Due to the
COVID-19 pandemic
2024 •
Downtown Arts
& Culture
Activation
Legacy 23-
24
2023 through
September
2024
Bayfront Park,
Maurice A. Ferre Park
and Public Realm of
the Central Business
District
S90,.
00000
and ongoing Flagler
Beautification
streetscape
construction project,
the core of the Flagler
Program
District has been
significantly disrupted.
This has resulted in
high vacancy rates in
traditional storefronts.
Now, as the district
transforms into a
creative and innovative
neighborhood,
immediate
connectivity remains
limited. Program
activities outlined
below support Miami
DDA's goal of
"creating great streets
and public places" and
our organization's goal
of "maximizing
4
Cntmilted into the public
record tri 1l
r) itl
on y i9 city Ck
programming by
Miami artists and for
Miami audiences".
While activities
currently focus on the
Flagler District, they
can be expanded to
other areas of
Downtown Miami.
PROGRAM
ACTIVITIES: 1.
STREET STAGES:
Singer/Songwriters,
Jazz'Pop Ensembles,
Jugglers, Electronica,
Comedians, Opera and
Performance Artists
perform on stages set-
up in front of
storefronts, pocket
parks and other open
spaces in Downtown
Miami. Short
performance sets
create a perfect fit
between bites and
drinks in Downtown
restaurants and bars,
and we actively market
nearby food and
beverage
establishments on our
website, in social
media, and with public
announcements during
events. 2. STREET
GALLERIES: Vacant
storefront display
windows are
transformed into
exhibition spaces for
visual and digital/film
art. Audiences view
the artworks from the
district sidewalks.
Window exhibit spaces
are equipped with
gallery walls for artist
installations and
exhibit changes. For
locations that cannot
support display
windows, oversized
vinyl prints
showcasing works by
Miami -based artists
are adhered to the
exterior. QR codes
provide further
information about the
artists and their work.
3. BICYCLE
THEATRE: Original
productions with
topical, quirky, and
comcdic themes. The
audience travels from
scene to scene on
bikes, immersing
themselves in a unique
theatrical experience
that combines
bicycling and
storytelling. This
outdoor, participatory,
and athletic experience
aligns well with
Downtown Miami's
residential
demographic. 4.
COMMUNITY
5
itnlitted into, the public
cord t r ite (c,)�
CI j1_b . City
Clc is
CONCERTS
(new/pending
funding): Music and
spoken word
performances at Paul
Walker Park or other
district public open
spaces. Concerts will
be presented during the
lunch hour for
Downtown employees
and/or early evening
for both employees
and Downtown
residents.
COMMUNITY
BENEFIT:
Free community event
during week
6
Legacy Grants FY 24-25
L.
#IAA v 1 Ot[ #.
{iia0�" 1
bite
.I Oc9ttion j
Mb=itied
rillmilliThillir
Cr!'ftt �
foie
the
I
l _.
Impact on
awnnn t
Life Time Miami
Marathon & Half
Legacy Grant
FY 24-25
1/31 - 2/2, 2025
Downtown
Miami
$10,000.00
Attracting
world -class
marathoners
from all over,
the Life Time
Miami Marathon
and Half is one
of the fastest
growing annual
marathons,
becoming an
event that
celebrates the
culture of Miami
and South
Beach, and the
nationalities of
those who
participate.
COMMUNITY
Attendance:
35,000
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$7,512,079
IMPACT
Supports hotel
and dining
economy
Spooky Science,
Frost Science
NightLAB and
World Ocean
Day
Legacy Grant
FY 24-25
Spooky Science
Oct 26, 2024,
Frost Science
NightLAB April
2, 2025
World Ocean
Day June 8,
2025
Frost Science
$25,000.00
8th Annual
Spooky Science
Monster Mash, a
spine -tingling
science
adventure. From
radical
chemistry
reactions to eye-
catching and
eerie
experiments in
the Mad Science
Lab, you'll
spend the day
doing hands-on
science that's so
fun, it's almost
scary.
World Ocean
Day, learn about
the work local
conservationists
are doing to save
our coral reefs,
protect our
coastlines, and
raise awareness
about the
importance of
clean, healthy
oceans.
Frost Science's
annual Family
Fun Festival this
November 9th,
2024 on the
muscum plaza
for an incredible
opportunity to
immerse
yourself in the
wonders of
Attendance:
5,525
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$211,750
7
Sutrrlitted into the public
record f r it m(s) Q\ ,
ea �Q Zb City Ckic
science. During
the festival, the
vibrant outdoor
Knight Plaza on
the museum
campus comes
alive with
interactive
exhibits, live
shows,
community
partners,
vendors, food,
and captivating
entertainment.
science.
COMMUNITY
IMPACT
Free with paid
museum
admission and
free passes for
community
giveaways
Legacy Grants FY 25-26
Grant
%Noe1atLogsdon
A & E
Grant1
Imola
Impact on
y Downtown
Data**
Spooky Science: Enjoy hands-
on, thrilling experiments in the
Spooky
Science
Mad Science Lab and meet
local scientists celebrating
October
National Chemistry Week.
9th Annual
Spooky Science
Monster Mash
25th,
2025.
WOD
June 6,
2026 +
World Ocean Day: Discover
how local conservationists
protect coral reefs, coastlines,
and promote healthy oceans.
COMMUNITY BENEFIT:
TBD
and 2025 World
Legacy
one
Free with paid museum
Ocean Day
FY 25-
addt'l
FROST
$
admission and free passes for
Special Event
26
event
Museum
25,000.00
community giveaways
The Life Time Miami
Marathon and Half is one of
the fastest -growing annual
marathons with over 18,000
Attendance:
runners, becoming an event
that celebrates the culture of
36,000
Economic
Miami and South Beach, and
Impact:
the nationalities of those who
$3,962,880
Legacy
January
Various
participate. COMMUNITY
Life Time Miami
FY 25-
23-25,
throughout
$
BENEFIT: Supports hotel
Marathon & Half
26
2026
Downtown
10,000.00
and dining economy
National YoungArts Week is
our organization's signature
program, which brings
together more than 150 of the
country's most promising
young artists from across
creative disciplines for a week
of intensive learning,
mentorship and community.
TBD
January
COMMUNITY BENEFIT:
National
YoungArts Week
Legacy
FY 25-
10—
February
YoungArts
$
Free event,
Miami Marriott Host Hotel
Exhibition
26
23, 2026
Plaza
10,000.00
(room nights)
Submitted into the public
recon or y�9116 . City Ck k
DCCG Grants FY 23-24
EventlActivaHon
h
Gee
Date(s)
Central Business
District
Location/Venue(s)
Award
Amount
1
Description
Impact on Community
Miami Children's
13th Annual Not
So Scary Family
Halloween Bash
DCCG
23-24
10/8/2023
Miami Children's
Museum
$5,000.00
Museum is excited to
spook families at the
13th Annual Not So
Scary Family
Halloween Bash on
Sunday, October 8th,
2023 from 12-5 PM.
At this community
celebration, 1200
guests are expected to
arrive in their best
costumes to trick or
treat throughout the
Museums 17 galleries
and enjoy an afternoon
of magical Halloween
programming. The
Museums renowned
Haunted House is back
for some serious
jumpscares, where
guests can brave the
not -so -scaly or very
spooky side.
Attendance: 1,300
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact: $128,000
FilmGate
Interactive Media
Festival 2023
DCCG
23-24
11/29 - 12/
10, 2023
FilmGate Miami
Downtown Media
Center - 168 SE 1st
St,
Flagler Street
Downtown Miami
Frost Science
Museum - 1101
Biscayne Blvd,
Julia and Henry's -
200 E Flagler St,
Kimpton Epic
Hotel - 270
Biscayne Blvd
Way,
Miami Aqua Tours
Bayside (Boat
Tour Event), 401
Biscayne Blvd,
Perez Art Museum
Miami, 1103
Biscayne Blvd,
University of
Miami - 5100
Brunson Dr,
$25,000.00
Grant funds are
requested to support
the l0th FilmGate
Interactive Media
Festival, the only event
in the region living at
the intersection of
storytelling and new
technology that
explores the future of
art, digital media, and
entertainment. From
Wednesday, November
29, through Sunday,
December loth, 2023,
to tie in with Art Basel
week in Miami,
FilmGate Miami will
activate the lOth-
anniversary edition of
its popular Interactive
Media Festival to
redefine the way we
conceive and share our
stories. The Festival
will take place in
several venues
including FilmGate
Miami Downtown
Media Center, Frost
Science Museum,
Perez Art Museum
Miami, and the
FilmGate Miami
Downtown Media
Center among others
listed below.
COMMUNITY
BENEFIT: Showcase
the city as an
international cultural
and innovation hub.
Attendance: 16,000
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact:
$2 000 000
10
Submitted into the public
record em(s) \ ,
City Cic:k
Capital One
Orange Bowl
ScreenDance
Miami 2024
Sut niitt4jt'd into the public
record l' rq i m(�) Qkcity , y
1Z * out
DCCG
23-24
DCCG
23-24
12i26-
30 2023
1!20/2024
InterContinental
Miami
100 Chopin Plaza
Frost Science
Aquarium &
Planetarium
Museum - 1 101
Biscayne Blvd
Hard Rock
Stadium - 347 Don
Shula Dr, Miami
Gardens
Perez Art Museum
Miami, 1103
Biscayne Blvd,
Miami, FL 33132
$50,000.00
$5,000.00
11
The Capital One
Orange Bowl and
ancillaryOrange Bowl
events will be hosted in
South Florida and
promoted nationwide
by ESPN and
additional regional and
national media outlets.
Following team
selections, the Orange
Bowl Committee will
embark on a national
and regional marketing
effortdesigned to
encourage fans to
travel to South Florida.
The Orange Bowl's
marketing campaign
will focus heavily on
the regional South
Florida markets and
national team markets,
which will draw
thousands of avid
college football fans to
the region. Each
participating school
brings a contingency of
their fans, boosters and
alumni to the area.
Additionally, one of
the participating teams
will be headquartered
at the InterContinental
Miami. All guests are
made aware, prior to
their arrival, of
entertainment, hotels,
restaurants, cultural
attractions located
in/around Downtown
Miami. Due to the
game being on Dec.
30th, we expect that
many fans will extend
their stay through the
new year.
COMMUNITY
BENEFIT: Promote
events that connect the
Downtown community
hotel and
and attract tourism.
Supports
dining economy.
Events held at
Silverspot.
ScreenDance Miami is
an annual festival that
supports dancers,
choreographers and
filmmakers who are
forging a bold art
discipline — Dance on
Film. We support the
development of dance
created for the camera
and special film
adaptations of existing
dance performances.
The festival seeks to
engage the public and
bring to light an
understanding of this
adventuresome,
exciting art form. It
includes feature-length
films, curated
collections of short
films, workshops and
Q&A with artists. In
Attendance: 63,324
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact:
$18,132,627
Attendance: 210
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact: $179,480
rse�cor¢,ttr
llbruitted
t�J�j
into tie
it rpi;)
_ 9 1111 CC_
public
W
the 2024 edition of
ScrccnDancc Miami,
Miami Light Project
will commemorate the
festival's loth
anniversary.
COMMUNITY
BENEFIT: Promote
events that connect the
Downtown community
and attract tourism.
Supports hotel and
dining economy.
Events held at
Silverspot.
Clry Clerk
OPEN HOUSE
MIAMI
DCCG
23-24
3! 1 & 2,
2024
Various locations
throughout
downtown Miami
$20,000.00
The Open House
Worldwide
architecture festival
will be coming to
Miami, March 1 & 2,
2024! The Miami
Center for Architecture
& Design (MCAD)
will lead the effort in
partnership with the
Miami Chapter of the
American Institute of
Architects (AIA
Miami), the Miami
Beach Visitor and
Convention Authority
(MBVCA), the Greater
Miami Convention &
Visitors Bureau
(GMCVB), and a host
of other community
organizations. The
three-day festival will
give attendees access
to workshops and
behind -the -scenes
building tours, as well
as give thcm
opportunities to mcct
some of Miami's
world-renowned
architects.
COMMUNITY
BENEFIT: Free event
that is opcn to the
public. Attendees
encouraged to explore
all the participating
arts and culture
institutions in the
District for free.
Inaddition, all are
encouraged to stay and
dine in the area.
Attendance 3,100 local and
national
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact: $350,261
Fashinnovation
Miami Talks 3rd
Edition -
Worldwide
Worldwide Swim
Summit
WeekMINDSET
DCCG
23-24
7/10/2024
event
moved to
5/2924
Phillip and Patricia
Frost Museum of
Science, 1101
Biscayne Blvd
$5,000.00
Fashinnovation Miami
Talks. THE
OPPORTUNITY TO
UNITE THE ART
AND SUSTAINABLE
THINKING
ALREADY
EXISTING IN
MIAMI, WITH THE
ENTREPRENEURIAL
, INNOVATIVE ,
CORPORATE AND
EDUCATIONAL
THROUGH THE
LARGEST GLOBAL
PLATFORM FOR
FASHION AND
INNOVATION.
Fashinnovation is
organizing the Miami
Talks, an event focused
Attendance: 400
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact: $38,760
12
recut
On
>>t mit
•
.ed into the
t' t (E)
LLb_.,
public
1.
on connecting fashion
entrepreneurs and
innovation, focusing
on the importance of
sustainability.
COMMUNITY
BENEFIT: Showcase
the city as an
international cultural
and innovation hub,
and culinary
destination.
City C'Ic
Family Fest and
Heritage Fest
2023-24
DCCG
23-24
2.'4/24,
2/10/24,
3/23/24,
and
5/19,24
date
change
TBD.This
event will
take place
September
29, 2024.
Arsht Ccntcr,
1300 Biscayne
Blvd
$20,000.00
Family Fest is an
Arsht Center series
comprised of 4 to 5
events/performances
that provide our
community with frcc
access to high -quality
performing arts
experiences. Heritage
Fest is a full day
celebration of free
family fun, celebrating
Black heritage and
artistic excellence
across South Florida.
COMMUNITY
BENEFIT: Showcase
the city as an
international cultural
and innovation hub,
and culinary
destination.
Attendance: 3,487
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact:
$55,256,000
Carmen Rivera's
"La Gringa".
Alternate event
"Summer Shorts"
DCCG
23-24
11/30-
12,E 17'_0_3
alternate
event dates
6,6-23/24
Arsht Center,
1300 Biscayne
Blvd
$10,000.00
City Theatre seeks
funds for 15 public
performances of
Carmen Rivera's "La
Gringa" from
November 30 -
Decembcr 17, 2023, as
part of the Adrienne
Arsht Center's 2023-
2024 Theater UpClose
Series.
This heartfelt comedy
explores universal
themes of personal
identity and
complicated family
dynamics through the
Tens of the cross-
cultural protagonist,
American -born Maria
Elena Garcia. Excited
to connect with her
Puerto Rican roots
during Christmas, she
grapples with being
labeled a "gringa" by
her family and fellow
Puerto Ricans.
Through humor and
reconciliation, Maria
discovers that identity
resides within herself,
transcending external
definitions.
Attendance: 1,503
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact: $241,916
Monthly Tours +
Destination:
Downtown
DCCG
23-24
4, 6 2024
R; 10/2024
Tours explore
various parts of
Dowtown
$10,000.00
The project launches a
new series of
downtown -area tours
and create a dedicated,
consistently updated
"Getting Around
Downtown" page on
our website to promote
local businesses —
including restaurants
and hotels — in a
thoughtful effort to
highlight the area as a
Attendance: 45
Based on the Arts &
Economic Prosperity
Calculator approx.
Economic impact:
$7,502,280
13
safe, family -friendly
destination for
residents and tourists
alike. Hard copy maps
of these locations will
be distributed to all
museumgoers, and we
will execute an
outreach campaign to
these businesses to
secure discount
opportunities for HMM
patrons. These maps —
both on the website
and in printed form —
will also include
wayfinding content and
promote easy access to
parking and transport
via Metrorail, Tri-Rail,
Brightline, buses,
trolleys and Freebee.
Stitrrdtted into the publk'
record em(r;) 1I
City Clcrk
DCCG Grants FY 24-25
Even Activation
c
Grant Iype
e
Batt
CBD Location
Sutnr►tied
record
r the
4`
, ,
,
Clc:k
Impact on
Communky
Attendance:
3,700
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact: $90,224
i
, Grant Amount
1
Ballyhoo Media
Floating Films at
PAMM
DCCG Grant
FY 24-25
Nov 21, Dec 12,
Dec 19, 2024;
Jan 16, Feb 27;
Mar 27; April
17, May 29,
2025 - 7 movie
nights
PAMM
$5,000.00
The "Floating
Films" series is
an innovative
and culturally
enriching events
that aims to
transform the
bay into an
open-air theater,
providing the
community with
a one -of -a -kind
outdoor activity
that combines
entertainment,
arts, and Miami's
natural beauty.
The movies will
be screened on
Ballyhoo's
floating platform
with 60ft
screens.
COMMUNITY
IMPACT
Free movies on
the Bay
PAMM Free
Second Saturdays
DCCG Grant
FY 24-25
October 12,
November 9,
December 14,
2024, January
11, February 8,
March 8, April
12, May 10,
June 14, July 12,
August 9,
September 13,
2025
PAMM
$10,000.00
On the second
Saturday of
every month,
PAMM opens
free of charge to
the community,
offering hands-
on art projects,
guided tours,
and
performances to
the public. Each
month, the
program's theme
is based on an
exhibition on
display at the
museum, and the
day is filled with
a variety of
activities
designed for
museumgoers of
all ages, with a
particular focus
on children and
families.
COMMUNITY
Attendance:
6,468
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$543,349
IMPACT
Free events for
families
15
MiChiMu's
Halloween Week
CnLrvisitors
record
on
DCCG Grant
FY 24-25
ni it•d into
t' r t
October 26 - 31,
2024
the public
(r.) \ i r
City
Miami
Children's
Museum
y
Spooktacular
delights await
during
Halloween
Week at Miami
Children's
Museum.
visitors can
partake in
spooky STEAM
experiments,
create in our Art
Studio and enjoy
sensory
experiences in
our Mad
Scientist Lab
including
Spooky Lava
Lamps and
Creepy Spider
Creations. Join
us for trick -or -
treating sessions
throughout the
day and watch
our Theater
Troupe's
Monster Band
performance and
Spooky
Storytimes.
COMMUNITY
IMPACT:
Family friendly
and safe events
Attendance:
2,403
Bascd on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$146,613
CICd(
$10,000.00
FilmGate
Interactive Media
Festival 2024
DCCG Grant
FY 24-25
Wednesday,
December 4,
through Sunday,
December 8th,
2024
FilmGatc Miami
Downtown
Media Center,
Huntington
Building, Frost
Science Museum
Miami, Aqua
Tours Bayside
(Awards
Ceremony),
Paramount
Miami World
Center
$50,000.00
The theme for
2024 is
REWILDING -
rewilding our
planet, rewilding
as humans and
our cities, by
binding, naturc
humans and
technology for a
better future
including several
immersive short
films around the
theme of Ocean
and climate
change. On
December 5th,
we will be
launching
original content
made with AI,
on the LED
screen while
Miami
Symphony
Orchestra
performs a live
score that will
influence the
projected
visuals.
COMMUNITY
BENEFIT:
Showcase the
city as an
intemational
cultural and
innovation hub.
Attendance:
5,000
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$660,700
Weird Miami Bus
Tours celebrating
BFI's 20 Year
Anniversary
DCCG Grant
FY 24-25
December 2024
- December
2025
Miami River,
Biscayne Bay,
Fort Dallas Park,
Miami City
Cemetery,
Metromover
SI5,000.00
Bas Fisher
Invitational, a
leading artist -run
nonprofit,
celebrates its
20th anniversary
Attendance: 168
Based on the
Arts &
Economic
Prosperity
16
Sunnite d into the pub
record 4for i c n(s)
ea y tq Z C ty ctcik
Stations, Miami
Tower, Tcquesta
Village
Preservation
Site, Bayfront
Park, Miami
Circle, and
more.
with a "WEIRD
YEAR"
dedicated to the
beloved and
critically
acclaimed Weird
Miami Bus
Tours. The
artist-lcd tours
have been
recognized by
Knight Arts
Challenge and
Warhol
Foundation, the
NYT and local
press. For the
2024-25 season,
BFI will
commission
visionary artists
to craft five
artistic odysseys
that highlight the
dynamic
intersections of
art, history, and
the environment
of downtown
Miami's vibrant
neighborhoods.
COMMUNITY'
BENEFIT:
Feature
Downtown's
historic
narratives and
architecture.
Content
highlights
Downtown's
thriving art,
culture, and
entertainment
community.
Calculator
approx.
Economic
impact: $73,308
The College
Football Playoff
Semifinal at the
Capital One
Orange Bowl
Game
DCCG Grant
FY 24-25
1/1/2025-
01/9,2025
Various
including hotel
intercontinental
17
S75,000.00
65,000 college
football fans,
spectators, and
participants will
take part in
Capital One
Orange Bowl
Game and
ancillary Capital
One Orange
Bowl events.
The game will
be televised on
ESPN and will
reach more than
20 million
viewers through
ESPN's family
of networks. In
addition, the
radio broadcast
which is
provided by
ESPN Radio,
and the radio
networks of the
participating
schools totals a
combined 8
million listeners.
The
InterContinental
and other venues
in Downtown
Miami serve as
host to many
Attendance:
66,881
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$18,911,191
Sar itt
record
on t i
'd into
I ]tIT1
I q I
the put
��\]
L
bowl related
activities such as
team hospitality,
outings
throughout the
downtown area,
and visits to
some of the
world class
restaurants in the
community.
COMMUNITY
BENEFIT:
COMMUNITY
BENEFIT:
Feature
Downtown's
historic
narratives and
architecture.
Contcnt
highlights
Downtown's
thriving art,
culture, and
entertainment
community.
COMMUNITY
BENEFIT:
Promote events
that connect the
Downtown
community and
attract tourism.
Supports hotel
and dining
economy.
Events held at
Silverspot.
Li, . city
Clerk
ScreenDance
Miami 2025
DCCG Grant
FY 24-25
25-Jan-25
PAMM
$5,000.00
ScreenDance
Miami is an
annual festival
that supports
danccrs,
choreographers
and filmmakers
who are forging
a bold art
discipline —
Dancc on Film.
We support the
development of
dance created for
the camera and
special film
adaptations of
existing dance
performances.
The festival
includes feature-
length films,
curated
collections of
short films,
workshops and
Q&A sessions
with artists.
Attcndancc: 240
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
$748,000
Open House
Miami
DCCG Grant
FY 24-25
Feb 28, Mar 1-2,
2025
Numerous
locations
throughout
downtown
Miami
S25,000.00
Open House is a
3-day festival
will give
attendees access
to workshops,
behind the
scenes building
tours, and
opportunities to
meet some of
Miami's
worldrcnowncd
architects
promoting
Attendance:
3,106
Based on the
Arts &
Economic
Prosperity
Calculator
approx.
Economic
impact:
S350,261
18
SIS1:nlitied
rwor
or
into
`t It
he public
U 1
City
Clt.k
unparalleled
access to the
city —to the
places, people.
projects,
systems, and
ideas that define
Miami and its
future.
COMMUNITY'
BENEFIT: Free
event that is
open to the
public.
Attendees
encouraged to
explore all the
participating arts
and culture
institutions in
the District for
free. In addition,
all are
encouraged to
stay and dinc in
the area.
The First Annual
DYMF, is a
youth -led,
youth -affirming
community
event that
showcases the
talents and
community pride
of young
talented artists
from the city of
Miami,
Wynwood,
Ovcrtown,
Brownsville,
Little River, and
Miami Beach.
The festival will
feature an array
of diverse
student -led
performances
representing 10
Miami schools
close to
Downtown
Miami, two
major headline
acts and Electric
Kiff and local
artists including
GRAMMY
Award-winncrs,
Attendance:
recording artists,
and more.
1,626
COMMUNITY
Based on the
BENEFIT:
Arts &
2/22/2025 New
date for this
Family friendly
event that
promotes events
that connect the
Economic
Prosperity
Calculator
approx.
Young Musicians
DCCG Grant
event TBA. New
Downtown
Economic
Unite, Inc
FY 24-25
date 8/30.
Frost Museum
$5,000.00
community
impact: S48,324
19
DCCG Grants FY 25-26
r Event/Activati
on
Gran
t
1ypFe
FM._
$
Grant
Amount
.:
Impact
on
Downto
wn
Date
A & E
Location
The Adrienne
Arsht Center is
S
unlisted intt,
the pub'
seeking support
record
for i
um S) ',
for its Arsht for
l 90�
, City
Ck:k
Miami series
(previously titled
Family Fest) and
Heritage Fest
event. Arsht for
Miami is a
rebranded series
comprised of 6
events/performan
ces that provide
our community
with free access
to high -quality
performing arts
experiences.
Additionally,
Heritage Fest is a
free celebration of
Pan-African artists
and their
contributions to
visual arts, music,
cultural
movements and
more. The Fest
will kick off with
family fun in the
afternoon and end
with an 18+Juke
TBD
Joint that evening
on February 7,
2026.
COMMUNITY
BENEFIT: Free
event that is open
to the public.
Arsht for Miami
and Heritage
DCC
G FY
25-
10/4/25,
11/5/25,
12/14/25,
2/7/26,
4/18/26,
5/30/26
$
10,000.0
Attendees
encouraged to
explore arts and
culture
institutions in the
District. In
addition, all are
encouraged to
stay and dine in
Fest 2025-26
26
and 8/8/26
Arsht Center
0
the area.
20
r
Common
Ground: An DCC
AfroLatinx G FY
Musical 25-
Journey 26
Iniitted into, the pu
cord fq- itcrn(s)
March
18th, 20th,
and 21 st
IC
1
Ci
HistoryMia
mi & Perez
Art
Museum
Miami
Clc:k
7,500.00
"Common
Ground: An
AfroLatinx Musical
Journey" is a
concert
celebrating the
vibrant
intersection of
Black and Latinx
cultural heritage
in Miami -Dade
and beyond.
Presented by
Hued Songs at
History Miami in
Downtown Miami,
this unique
collaboration
features Afro-
Latinx Song &
Opera Project and
acclaimed
Dominican
soprano Dr. Zuly
Inirio. As part of
Hued Songs'
nomadic concert
series "Backing
Black Belonging,"
this new
production
continues our
mission of
weaving
multifaceted
Black narratives,
music, and artistry
into diverse
spaces
throughout the
community.
COMMUNITY
BENEFIT:
Attendees
encouraged to
stay and dine in
the area.
21
Open House
Miami
Sucn,itted into the public
recorditpr tern(s)
°p (11 g I City Clu.k
DCC
G FY
25-
26
Friday,
February
27,
Saturday,
February
28, and
Sunday,
March 1,
2026
Numerous
locations
throughout
downtown
Miami
25,000.
00
Open House
Miami 2026:
Unlocking the City
Through
Architecture and
Design Open
House Miami will
return for its third
edition February
27—March 1,
2026, offering
residents and
visitors a unique
opportunity to
explore Miami's
built environment
through free,
public access to
the city's most
iconic buildings,
public spaces,
and architectural
landmarks.
Produced by the
Miami Center for
Architecture &
Design (MCAD) in
partnership with
the Miami Chapter
of the American
Institute of
Architects (AIA
Miami), the
Greater Miami
Convention &
Visitors Bureau
(GMCVB), the
Miami Beach
Visitor and
Convention
Authority (MBAI),
and a host of
community and
cultural
collaborators, the
festival
transforms the
city into an open
museum of
architecture,
history, and urban
innovation.
COMMUNITY
BENEFIT: Free
event that is open
to the public.
Attendees
22
Cdr./Jilted
iiCUC�iTj
oClerk
into
f1tel�l�c)
lj l(J7��and
the public
ll 1
encouraged to
explore all the
participating arts
culture
institutions in the
District for free. In
addition, all are
encouraged to
stay and dine in
the area.
City
Nu Deco
Ensemble (NDE)
requests funds for
two concert
residencies at the
Adrienne Arsht
Center in Miami's
Arts &
Entertainment
District,
scheduled for
December 15-19,
2025, and April 6-
11, 2026. Each
residency will
feature
rehearsals, a live
public
performance, a
livestreamed
education
concert, and
additional free
events for
residents and
tourists in the
TBD
DDA district and
December
Greater Miami.
Nu Deco
Ensemble
DCC
G FY
15-19,
2025 &
Adrienne
$
COMMUNITY
BENEFIT:
Arsht Center
25-
April 6-11,
Arsht
50,000.0
Promotes dining in
Residency
26
2026
Center
0
Downtown.
October
On the second
DCC
11, 2025,
November
8, 2025,
December
13, 2025,
January
10,
2026,
February
Saturday of every
month, PAMM
opens free of
charge to the
community,
offering hands-on
art projects,
guided tours, and
performances to
TBD
PAMM Free
G FY
14, 2026,
$
the public. Known
Second
25-
March 14,
10,000.0
as PAMM Free
Saturdays
26
2026, April
PAMM
0
Second
23
11, 2026,
May 9,
2026,
June 13,
2026, July
11, 2026,
August 8,
2026,
Septembe
r 12, 2026
Saturdays, this
program has been
running for over 20
years and has
been immensely
popular with the
public since its
inception. Each
month, the
program's theme
is based on an
exhibition on
display at the
museum, a
cultural
Submitted
into the
public
celebration, or a
record
itj
t"p m(s)
bl J 9
community event.
ea
1 � (1
• City Clcrk
COMMUNITY
BENEFIT: Free
community event.
Plei, founded in
January
Miami, has grown
from a grassroots
pickup soccer
network into the
leading soccer -
tech platform in
24, 2026 -
North America.
Ball &
Brunch:
With over 55,000
active players in
New Year,
New
South Florida and
more than
Goals;
March 7,
2026 -
Ball &
Brunch:
Women's
Game
Celebratio
n; April 23,
2026 -
Tech
500,000
nationwide, Plei
connects players,
fans, and
communities
through
technology,
culture, and the
world's most
popular sport. For
the Downtown
TBD
Meets the
Creative
Pitch
Collaborators
(Miami
Tech
Grant, Plei
proposes City of
Week /
Goals:
eMerge);
Countdown to
May 30,
2026 - Ball
& Brunch:
Champion
Soccer Cage
Soccer's Biggest
Stage — a four-
part program
activating
City of Goals:
DCC
s League
Miami (128
Downtown Miami
Countdown to
G FY
Final
NE 17th St,
$
in the months
Soccer's
25-
Block
Miami, FL
15,000.0
leading up to the
Biggest Stage
26
Party.
33132)
0
FIFA World Cup.
24
This series blends
grassroots play,
local culture, and
fan celebrations
to position
Downtown as the
city's soccer hub.
tli
ltliftc d into the
pub
COMMUNITY
record
'or item()
�1 a I
BENEFIT: Open to
Ot1
1
(VI
City
Clcrk
the public.
Supports local
businesses.
Halloween
Spooktacular at
Miami Children's
Museum -
October 2025 -
total expected
attendance:
10,000 -11,500
Downtown
Residents receive
discount on
Museum
admission (all
events except
TBD
Bash) and special
access/event on
mutually agreed
upon date.
COMMUNITY
Not So Scary
Halloween at
DCC
BENEFIT: Family -
firendly event that
promote events
Miami
G FY
October 4
Miami
that connect the
Children's
25-
- October
Children's
$
Downtown
Museum
26
31, 2025
Museum
5,000.00
community
25
Business and Economic Development
Miami DDA's Business Incentive Grant Program
Starting a new business or moving to a new location is expensive and always comes with unintended costs. The Miami DDA's incentive
program is critical because it serves as a targeted economic development tool that helps shape the type, pace, and quality of growth in
the urban core. By lowering barriers to entry for retailers, startups, and expanding businesses, the program activates vacant spaces, drives
foot traffic, and strengthens the overall business ecosystem. More importantly, it allows the Miami DDA to be intentional, attracting
uses that enhance the district's vibrancy, support job creation, and contribute to a more resilient local economy. In a competitive market
like Downtown Miami, where costs can be prohibitive, these incentives ensure that diverse, locally rooted, and innovative businesses
have a pathway to succeed, ultimately creating a more dynamic, inclusive, and economically sustainable district.
Incentives awarded in A&E
#
Business name
Address
Pad
Check Date
1
My Health 8 Wellness
Longevity Center
1717 N Bayshore Drive
SO
2
Waggly Labs Corp.
d/b/a Zibbly
1501 Biscayne Blvd #501 -The Hub at
Office Logic
SO
Note #l: The $0 under the paid column means that these businesses did not receive the grant dollars. Those businesses with the $0 were
awarded, but that does not mean they completed the program or opened office space. As our program aims to attract businesses before
they open, some businesses are unable to find a space that they can afford, plans change, or they don't complete the final paperwork to
receive the check. Also, businesses are given 12 months, and it's possible that it took them longer to open, and they missed the
opportunity.
Note #2: Grant applications throughout the entire document can be found in Attachment B.
A&E Services and Expenses Tracker
Sl�bnlittc d into the pt>k1iF
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't
«+ City acdc
Supporting business networking events, conferences, young professional meetups, and other activations in the Miami DDA area is
essential because these moments are where real economic relationships are formed, and opportunities are unlocked. These gatherings
bring together entrepreneurs, investors, talent, and established companies in one place —accelerating deal flow, partnerships, and job
creation that don't happen in isolation. For a district like Downtown Miami, they also position the area as a hub for innovation, thought
leadership, and upward mobility, attracting the next generation of leaders who will live, work, and build in the urban core. Just as
importantly, consistent programming drives repeat visitation, supports local businesses, and creates a vibrant, connected ecosystem
where people don't just come to work, they come to engage, collaborate, and stay.
Date
4-Vendor
' Location
Expense
J Data0.
24-Oct-24
Miami Tech Talent
Coalition Meeting &
Small Business
Resource Fair
The Hub at Office Logic
-1501 Biscayne Blvd.,
Suite 501, Miami, FL
33132
$1,374.17
Breakfast items for Miami Tech Talent Coalition
Meeting & Small Business Resource Fair
11-Feb-25
Digital Real Estate
Summit Digital Twins
& Digital Assets
Frost Science Museum,
1101 Biscayne Blvd.,
Miami, FL 33131
N/A
Staff attended event.
6-Mer-25
Miami DDA 3D
CyberCity Map
Launch Event
Frost Science Museum,
1101 Biscayne Blvd.,
Miami, FL 33132
N/A
Miami DDA Event in conjunction with the Urban
Planning Team to unveil the DDA's 3D Digital Twin Map,
as well as the proposed rendings of 1-395 Baywalk
Connection, with networking reception after the
presentations.
20-May-
25
Ugly Talk - Miami
Founders & Funders
Conference
The Hub at Office Logic,
1501 Biscayne Blvd.,
Suite 501, Miami, FL
33132
$3,600.00
Sponsorship Grant to support a panel discussion &
networking event attracting funders and founders at a
DDA District co -working space.
5-Jun-25
Neighborhood Heroes
Connect
Frost Science Museum
1101 Biscayne Blvd.,
Miami, FL
$5,000.00
Sponsorship Grant to support the Neighborhood
Heroes Connect event at the Frost Science Museum on
June 5th, that will foster relationships in tech including
funders, ecosystem builders and grassroots leaders.
26-Jun-25
Dealmaker Wealth
Society VIP Kickoff
Welcome Reception
The Gabriel Hotel -
1100 Biscayne Blvd.,
Miami, FL 33131
$5,000.00
Sponsorship Grant to support the kickoff reception for
executives from the Dealmaker's Wealth Society
Annual conference/training for high networth investors
and entrepreneurs. DDA staff attended and
participated on a panel with the founders.
27-Jun-25
Diversi-Tech Connect
Summer Soiree
The Hub at Office Logic,
1501 Biscayne Blvd.
#501, Miami, FL
$2,000.00
Sponsorship Grant to support Diversi-Tech Connect's
Summer Soiree panel discussion and networking event.
27-Aug-25
Mana Tech Coffee
Shop & Freebee Tour
Meeting Place at
CitiGroup Center - 201
Biscayne Blvd., Miami,
FL 33131
$ -
Miami DDA arranged a tour for Matta Tech members to
visit various Downtown District Coffee Shops in the
A&E & CBD Districts using our DDA Freebees.
30-Aug-25
The Curated
Collective Art Show
The Hub @ Office Logic
-1501 Biscayne Blvd.
Suite 501, Miami, FL
33132
N/A
Staff attended event and provided DDA swag bags.
26
September
13-14,
2025
Al Vibe Code Climate
Challenge
The Hub at Office Logic,
1501 Biscayne Blvd.
#501, Miami, FL
$3,000.00
Sponsorship Grant to support Vibe Climate Code Al
Hackathon event at a DDA District co -working space
that brings together tech founders providing solutions to
south Florida's climate challenges.
16-Sep-25
Built In Miami - Kickoff
CitizenM Miami
Worldcenter - 700 NE
2nd Ave, Miami, FL
33132
$25,000
Sponsorship Grant to partner with the City of Miami on
their Built in Miami, 10-week cohort program with
opportunities for collaboration, panel & discussions
and where Miami DDA will be prominently featured
kickoff, Demo Day and Closing Graduation Ceremonies.
17-Sep-25
Code Crunch
Hackathon
The Hub at Office Logic,
1501 Biscayne Blvd.
#501, Miami, FL
$1,500.00
Sponsorship Grant supporting a hackathon and
networking session held at a local DDA District co-
working space.
September
18-19,
2025
SIM Industry Connect
Miami
Frost Science
Museum/Boulud Sud -
1W Marriott Marquis
$10,000.00
Sponsorship Grant to support SIM Industry Connect's
2-day event bringing executives, talent and investors in
the Sports, Innovation & Music industries. DDA will be
featured prominently as a Silver Sponsor, with
opportunities for opening remarks at the kickoff
reception at the 1W Marriott Marquis and panel
participation at the main event held at Frost Science.
29-Oct-25
Miami DDA Small
Business & Resident
Mixer in the A&E
Granier Bakery - 2200
Biscayne Blvd. Miami,
FL
$483.30
Light bites from a local restaurant for residents and
business owners interested in learning more about
Miami DDA and to have the opportunity to meet other
individuals in the area.
8-Nov-25
Built in Miami - Week
3, Session 1
The Hub at Office Logic
- 1501 Biscayne Blvd.,
5th Floor
Included
12-Nov-25
Built in Miami - Week
3, Session 2
The Hub at Office Logic
- 1501 Biscayne Blvd.,
5th Floor
Included
19-Nov-25
Miami Fashion Talks
CitizenM - Miami
Worldcenter - 700 NE
2nd Avenue. Miami, FL
$594.04
Food costs from CitizenM Miami Worldcenter for the
Fashion Talks Miami event, that witl bring together
fashion industry professionals in the community for a
panel discussion at one of our local DDA district venues.
14-Dec-25
The Vinyl Coffee
Launch - Wellness
Class, Sip & Social
Tomorrowland Miami,
1368 North Miami
Avenue
$2,500.00
Sponsorship Grant in the amount of$2500.00 for the Sip
& Social Event celebrating the launch of The Vinyl Coffee
on December 14 , 2025 at Tomorrowtand in the A & E
District.
11-Feb-26
The Show Miami -
Boat Show Edition
2026
CitizenM Miami
Worldcenter - 700 NE
2nd Avenue, Miami
$5000.00 (Series of 3)
25-Feb-26
Miami DDA State of
Downtown - Sports in
Downtown
Kaseya Center - 601
Biscayne Blvd., Miami,
FL
$20,726
Payment to Levy Restaurants for light bites for State of
Downtown Event $15,548.52. Payment to Kaseya
Center for Production Services/Staffing for State of
Downtown Event $5,177.69 - Total: $20,726.21
25-Mar-26
Miami DDA Mixer @
Maman (A&E)
Maman - 2000
Biscayne Blvd, Miami,
FL 33137
$492.00
Costs of Light bites for the Miami DDA Mixer at Maman in
Edgewater
26-Mar-26
3rd Annual Women's
Power Luncheon at
The Hub at Office
Logic
1501 Biscayne Blvd.,
Suite 501, Miami, FL
33132
N/A
Staff was featured as a "Power Woman" & participated
on a panel discussion.
c'11Lrr,ittr d into the public
record for jtern(s)
en
27
City ctc:x
The Miami DDA's Permit Clinic
The Permit Clinic is important because it removes one of the biggest barriers to doing business in an urban environment, navigating
complex and often confusing permitting processes. By providing hands-on guidance, direct access to experts, and real-time problem -
solving, the clinic saves entrepreneurs time, money, and frustration, allowing them to open and operate faster. This not only supports
businesses and residents who may not have the resources to navigate bureaucracy on their own but also signals that the Miami DDA is
committed to being a true partner in business success. Ultimately, the Permit Clinic accelerates economic activity, reduces vacancy, and
helps turn ideas into open doors, activated storefronts, and jobs in the community.
Name
Lo*atSafl
t
main.
i
: Pboitoiwmbat.
tines
f
��
Golden Attica
Realty
1501 Biscayne Blvd
Miami FL33132
Bileyda Perez
(786) 523-6836
bileyda.perez@goldenattica.com
Needs to apply for City CU for share space, came
to apply for her BTR she only needs this for a
share space area
DERM Application..
Paws Spa
55NW29St
Miami FL33127
Alejandra
Pelaez
info@ddbuilt.com
Building Dept. issues
My Health &
Wellness
1717 N Bayshore Drive
#230
Miami FL33132
Shalto
Byamugisha
305-720-2288
doctor@mnw-
medicalgroup.com
CU application
Vegan Corner
45 NW 28th St
Miami FL33127
Jacobo Garcia
786-817-7731
info@vgancorner.com
Applied for DERM
Food Truck by
Tacos
3215 NE 2nd Ave
Miami FL 33137
Adriana
Artigas
786-469-1467
adryartigas@gmail.com
Zoning ref Food trucks
Nordic
Biohealth LLC
121 NE 34th Ave
#1907
Miami FL33137
Sean
Bergenheim
516-353-2967
sean@houseofbh.com
Zoning Dept
SYT FYI
1501 Biscayne Blvd
#501
Miami FL 33132
Tony Prol
305-788-9478
tonyprol@syt.fyi
Grant Information and address designation
York Security
Solutions
771 NW 28th St
Miami FL33127
Eduardo
Penafiel
786-251-2108
ed@yorkss.com
DERM
BMB
Hospitality
Group
455 NE 24th Street
Miami FL33137
Andy Charles
(862) 250-4718
info@bmbhospitalitygroup.com
Wanted to know how the permitting process
worked interested I openeing a business
Obsidian
Welless
Collective
2243 N Miami Ave
#1110
Miami FL 33127
Anasthasia
Grand Pierre
(754) 423-1915
admin@obsidianwc.com
Wanted to find out designation of a location
UrvanX
Architects
84NE22ndSt
Miami FL 33137
Carlos Bravo
305-495-0365
cbravo@urvanx.com
Info in obtaining a TUP for portable bathrooms
My Naked
Bean
1501 Biscayne Blvd.
Miami FL33132
Ludmila
Bonkora
486-290-3024
ludmilabonkora@icloud.com
Started CU application
Office Logic
LLC
1501 Biscayne Blvd
#501
Miami FL33132
Noelle Jackson
786-269-7210
noelle@office.logic.com
Question for Building/Zoning Depts.
Asian Mart
2217 Biscayne Blvd
Akari Sims
512-590-1782
asianmart305@gmail.com
With Myrna Ref Grants and Resources
Questions for DERM ref Grease Traps
Padelista
95 NE 21st St
Miami FL33137
Sara
Arciniegas
817-401-5904
sara@arasblueprint.com
Issues with a PZ permit and Solid Waste Review
not done
Sntn>Iitted into the p
record fpp i�eln(s)
se
y1117
28
Quality of Life and Enhanced Services
iilkykiliatportaa
• Ambassadors
*This cost is
included in
the cost of
CBD
The Ambassadors provide
hospitality, security, and quality
of life services to the
community:
• A total of 1 Ambassador is
assigned during the daytime
Monday - Sunday
Safety Walks: 63
Hospitality
Assists: 21,845
Business
Contacts: 439
Homeless
Outreach: 4,451
Safety Walks: 112
Hospitality
Assists: 9,590
Business
Contacts: 439
Homeless
Outreach: 113
Downtown Ambassadors
Program enhances service and
security in the Brickell District.
As "extra eyes and ears" the
Ambassadors enhance public
safety throughout Brickell by
working with the City of Miami
Police. The Ambassadors also
provide hospitality services
such as Safety Walks helping
tourists and new residents
navigate the area. The
Ambassadors actively monitor
the neighborhood and report
infrastructure problems such as
broken lights, maintenance
issues, broken sidewalks, etc.
• Clean Team
$100,000
Enhancement Team Members
and Supervisor provide litter
and debris removal, illegal
dumping and removal of dog
feces. This service is provided
Monday -Sunday.
Sub -district data
collection effective
10/1/2024
337 bags of trash
collected (55-
gallon bags)
Illegal dumping: 2
4,465 bags of
trash collected
(55-gallon bags)
Illegal dumping:
17
The collection of trash
maintains a clean, safe, and
healthy urban environment by
reducing litter, preventing public
health risks, and enhancing the
overall quality of life for
residents, businesses, and
visitors. Trash collection
supports environmental
sustainability, protects local
waterways, and strengthens
community pride.
• Landscape
Team
$56,000
Enhancement Team Members
and Supervisor(s) provide
landscaping services such as
moving, edging and trimming.
This service is provided 2-3
times a week.
'Sub -district data
collected separately
as of 10/2024
17 blocks
121 blocks
Landscaping creates a clean,
vibrant, and well -kept public
space that enhances the
beauty, safety, and
environmental health of the
community. The Enhancement
Team provides these services
in areas where there are
overgrowth and lack of service
from other jurisdictions. This
work encourages walkability
and boosts neighborhood
wellbeing.
• Graffiti
Removal
$18,200
Enhancement Team member
removes graffiti from public
spaces such as traffic boxes,
light poles, sidewalks, etc. five
days a week.
'Subdistrict data
collected separately
as of 10/2024
0 instances
5,035 instances
Maintaining graffiti -free walls
and structures helps ensure
that areas remain inviting,
walkable, and vibrant for
residents and visitors. By
removing graffiti quickly, the
Miami DDA prevents
widespread vandalism that
could impact both public and
private property.
• Homeless
Outreach
$9,000
Homeless outreach services
are performed 1-2 days a
week in addition to specific
requests for services.
Outreach is conducted to
identify critical resources for
unhoused community.
Homeless outreach is an
investment in human potential
and community well-being. The
Miami DDA serves as a bridge
between the homeless
community and critical
resources they need to achieve
stability, safety, and long-term
well-being.
City of Miami
Police
$50,000
Drone First Responder (DFR)
(•IMPLEMENTED MAY 2025)
EASTERN
DISTRICT:
Calls: 580
First on Scene:
226
Special Events:
28
Calls Cleared: 69
First DFR deployment in the
City of Miami. The DFR
provides aerial intelligence and
assistance to law enforcement
agencies optimizing resource
deployment. Second drone
purchase budgeted in FY 2025-
2026 ($150,000).
Sidewalk Project
$7,000
The Sidewalk Project
implemented in 2026, captures
information to inventory every
business in the District to
identify enhancements
opportunities (ie grants) for
property owners. Over 500
businesses in the CBD have
been inventoried. A&E
inventory of businesses to be
completed in May 2026.
Submitted into the public
recorcjt r itlemts)
29
p1, 4
City Ckk
•
Urban Planning
Sutnlitte d into the pubic
record rip 11em4") l>
1.4
--�.�y i�• City Ck:k
....,
3D Development Pipeline Map
$55,171.00
• The 3D Development Pipeline Map is open -platform digital twin that
(2024-2026)
provides details on more than 7,000 buildings and offers a real-time,
interactive visualization of Downtown Miami's urban landscape, enabling
stakeholders to explore existing buildings, track projects under
construction, and gain insights into upcoming developments in the
pipeline.
• The map includes customizable layers showing building status (existing,
under construction, or planned), transportation infrastructure, public
amenities, and zoning boundaries.
• The 3D Map is currently tracking twenty-two (22) developments within
the Arts & Entertainment District (A&E), including three (3) buildings
recently completed, eleven (11) buildings under construction, and another
eight (8) buildings approved in the Pre -Construction phase.
Baywalk & Rivcrwalk
$200,000.00
• The Miami DDA continues to work with the City, County, FDOT, River
Completion & Connections
(2021)
Commission, and District 2 offices to complete and connect all future
sections of both the Baywalk & Riverwalk.
• Miami Woman's Club (1737 N Bayshore Dr): A 180-foot section of the
northern Baywalk was officially opened on September 2019, connecting
the Sea Isle Marina to Margaret Pace Park.
• The Miami DDA assisted the City of Miami Planning, OCI, and Legal
Departments with advancing the Woman's Club project.
• 1-395 Baywalk Pedestrian & Bikeway Bridge: The Miami DDA is
advancing the design and construction of an over -the -water pedestrian &
bikeway bridge that will finally connect the Perez Art Museum Miami
(PAMM) and Maurice A. Ferre Park to the former Herald Plaza, currently
owned by Resorts World/Genting.
• The Miami DDA contributed $200,000.00 in funding towards the Phase
I Feasibility Study.
Baywalk & Riverwalk Waterfront
$315,000.00
• The Design Guidelines and Materials Index ensure all new Baywalk &
Design Guidelines and Materials Index
(2019-2021)
Riverwalk sections are designed and constructed with the highest quality,
sustainable materials, large canopy shade trees, Florida native, drought -
tolerant plants, lighting, outdoor seating, trash receptacles, required and
signage along the Downtown Baywalk & Riverwalk.
• The Miami DDA also offers to fund up to 50% of the cost of the new
programmable LED Baywalk lights.
Downtown Circulator
$751,320.00
• From late 2023 to March 2026, the Miami DDA, and its partner Freebee,
(2024-2025)
offered the free Downtown Circulator service, which connects our
$855,906.48
workers, residents, students, shoppers, diners, and visitors from Miami
(2026)
Parking Authority (MPA) parking garages and surface parking lots to their
work, homes, retail outlets, restaurants, bars, entertainment, and cultural
institutions.
• In just over 2 years, the Miami DDA's investment has provided free
service for 27,542 completed rides with 42,846 total passengers.
• Starting on March 17, 2026 the Miami DDA increased its investment,
expanding the Circulator service to the Arts & Entertainment District, the
Central Business District, and the Brickell District.
• The new On -Demand service features six (6) all -electric Volkswagen ID.
Buzz Vans, and offers free rides to/from anywhere within the Miami
DDA's three districts.
• The new service will cost $855,906.48/yr.
Downtown Miami Bike Network
$250,000.00
• In 2017, in partnership with the City, the County, and the MPA, the Miami
(2023)
DDA implemented the first Complete Street demonstration project along
a'/z mile of SW -SE 1" Street. The Complete Street created the first Bus -
only lane and a dedicated/protected bike lane.
• In 2021, in partnership with the City, the DDA, and the MPA, the County
implemented the Downtown Miami Micromobility Network.
• Four (4) new bike lanes were constructed along the following corridors:
E 1" Ave, Miami Ave, NW/NE 5'h & 6"' Streets. The improvements
include pavement markings, green paint, bicycle boxes, raised concrete
curbs, high -emphasis crosswalks, enhanced signage, and parking -
protected sections.
• Since the bike lanes were finished, Miami DDA staff collaborated on the
research, design, permitting, procurement, and implementation of
landscape planters to be placed in the buffer zone of the Downtown Bike
Network, to act as deterrents and protect cyclists and pedestrians from
vehicles illegally driving and parking in the bike lanes.
• The Miami DDA invested $250,000.00 to purchase one hundred and
twenty (120) marine -grade aluminum planters and has installed sixty-
eight (68) of the planters thus far. More planters will be installed as more
sections of the bike lanes are completed.
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Signagc & Wayfinding
$250,000.00
(Miami DDA)
$1,000,000.00
(FDOT)
$750,000.00
(City of Miami)
• In partnership with the Miami DDA, the City of Miami managed the
Downtown Signage & Wayfinding project, a comprehensive signage and
wayfinding system in Downtown Miami that will assists motorists and
pedestrians and help alleviate traffic.
• The project consists of 229 pedestrian, vehicular, destination, kiosks,
parking, garage, and districts signs installed to enhance the signage and
wayfinding system for motorists, pedestrians, bicyclists, and transit users
within the Downtown Miami area — Brickell, Central Business District,
Arts & Entertainment District — as well as thc removal of repetitive and
outdated signs.
• One hundred and fifty-three (153) out of two hundred and twenty-nine
(229) signs were installed before FDOT closed out the project.
Tri-Rail Downtown Link
$1,300,000.00
• Tri-Rail began service to thc Miami Central Station in Downtown Miami
(2015-2022)
on January 13, 2024.
• This extension provides a direct connection from the South Florida Rail
Corridor — West Palm and Fort Lauderdale — to Downtown Miami.
• The Miami DDA contributed $1.3 million towards thc completion of the
Downtown link.
US Army Corps of Engineers (USACE)
$25,000.00
• The United States Army Corps of Engineers (USACE) Miami -Dade
Miami -Dade Coastal Resilience
(2020)
Coastal Resilience "Back Bay" Study is an ongoing study to investigate
Backbay Study
solutions to reduce the damage and risks from flooding that comes from
storm surges associated with hurricanes and tropical storms amplified by
sea -level rise.
• In regards to the CBD, the USACE proposed a 12-foot high concrete wall,
running parallel to Biscayne Blvd., from 1-195 to the Miami River.
• South of the Miami River, the USACE proposed a 15-foot-high floodwall
located in Biscayne Bay 50 feet offshore from the Miami River to SE l5th
Road in the Brickell District.
• These proposed floodwalls would have an overwhelmingly detrimental
effect on the entire waterfront arca of thc Miami DDA district, as well as
greater Downtown and the County.
• In response, in August 2020, the Miami DDA funded $25,000.00 to hire
a team of architects, coastal engineers, and planners to propose natural
alternatives to the floodwalls, such as breakwaters, lagoons, and living
shorelines
• We combined these hybrid concepts with a formal letter to the Army
Corps.
• Based on our work and feedback, the Army Corps changed the nature of
their study, investigating more nature -based features (NNBF), versus their
"Great Wall" design in Biscayne Bay.
Waterborne Transportation
• The Miami DDA has bccn collaborating with agency partners to
implement a waterborne transportation systcm as a tourist draw and as an
alternate mode of transportation for Downtown residents and businesses.
• In March 2024, the DDA approved a resolution of support directing the
Miami DDA staff to work with thc City of Miami and Miami-Dadc
County to: (1) Apply for and obtain class 1 Permits and/or Marine
Operating Permits (MOPs) for water taxi stops at preferred sites (see map
below): (2) Monitor Miami Dade County's Division of Environmental
Resource Management (DERM) changes to the Manatee Protection Plan
(MPP) to ensure water taxi stops are allowed at certain important areas;
and (3) Draft a model ordinance for regulation/certification of water taxi
operators.
• On Tuesday, January 20, 2026, the City of Miami Beach launched a free,
commuter water taxi service connecting Miami Beach and Downtown
Miami. This new service offers a scenic, sustainable, and convenient
alternative to driving across Biscaync Bay.
• The Miami DDA's goal is to build off of the existing Miami Beach service
and extend connections to popular Baywalk and Riverwalk destinations.
S11hliitt 'd into the public
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ap , City Clczk
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