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Miami, FL 33133
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File Number: 6118 Final Action Date: 6/11/2026
AN ORDINANCE OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S),
APPROVING A DEVELOPMENT AGREEMENT PURSUANT TO CHAPTER
163, FLORIDA STATUES, BETWEEN SPV REALTY LC AND THE CITY OF
MIAMI ("CITY") RELATING TO THE REZONING OF CERTAIN PARCELS FOR
THE DEVELOPMENT OF NET 22.47 ± ACRES FOR THE SABAL PALM
VILLAGE SPECIAL AREA PLAN ("SPV SAP") COMPRISED OF AN
ASSEMBLAGE OF PARCELS LOCATED AT APPROXIMATELY 5175
NORTHEAST 2 AVENUE, 5035 NORTHEAST 2 AVENUE, AND 5125
NORTHEAST 2 COURT, MIAMI, FLORIDA, ALL AS MORE PARTICULARLY
DESCRIBED IN EXHIBIT "A," ATTACHED AND INCORPORATED, FOR THE
PURPOSE OF REDEVELOPMENT OF LAND FOR MIXED USES;
AUTHORIZING USES INCLUDING, BUT NOT LIMITED TO, RESIDENTIAL,
COMMERCIAL, LODGING, CIVIC, EDUCATIONAL AND CIVIL SUPPORT,
PARKING, AND ANY OTHER USES AUTHORIZED BY THE SPV SAP AND
PERMITTED BY THE MIAMI COMPREHENSIVE NEIGHBORHOOD PLAN —
FUTURE LAND USE MAP DESIGNATION AND ORDINANCE NO. 13114, THE
ZONING ORDINANCE OF THE CITY OF MIAMI, FLORIDA, AS AMENDED;
AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE THE
DEVELOPMENT AGREEMENT, IN A FORM ACCEPTABLE TO THE CITY
ATTORNEY, FOR SAID PURPOSE; CONTAINING A SEVERABILITY CLAUSE;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, SPV Realty LC ("Applicant") applied to the City of Miami ("City") for a
Special Area Plan for the properties located at approximately Northeast 2 Avenue, 5035
Northeast 2 Avenue, and 5125 Northeast 2 Court, all as more particularly described in Exhibit
"A", attached and incorporated ("Property"), pursuant to the process described in Article 3,
Section 3.9 of Ordinance No. 13114, the Zoning Ordinance of the City of Miami, Florida, as
amended ("Miami 21 Code"), titled "Special Area Plans"; and
WHEREAS, the proposed "Sabal Palm Village Special Area Plan" ("SPV SAP") consists
of approximately net 22.47 acres (979,051 square feet); and
WHEREAS, the Property meets the minimum qualifications for a Special Area Plan
pursuant to Article 3, Section 3.9 of the Miami 21 Code; and
WHEREAS, pursuant to Section 3.9.1.f of the Miami 21 Code, development within a
Special Area Plan shall be pursuant to a recorded development agreement; and
WHEREAS, in the SPV SAP, the portion of the Property that is currently located in a T5-
R, "Urban Center Transect Zone — Restricted," and T5-O, "Urban Center Transect Zone —
Open," will be rezoned to CS, "Civic Space Zone," T5-O, "Urban Center Transect Zone — Ope,"
City of Miami Page 1 of 3 File ID: 6118 (Revision:) Printed On: 6/17/2026
File ID: 6118 Enactment Number:
T6-8a-0, "Urban Core Transect Zone — Open," T6-8b-0, "Urban Core Transect Zone — Open,"
and T6-12-0, "Urban Core Transect Zone — Open"; and
WHEREAS, the Property within the SPV SAP currently contains a 500-plus unit
residential apartment/townhome complex that was originally constructed in 1948; and
WHEREAS, the SPV SAP will consist of approximately 5,899,658 square feet of
development consisting of 2,929 Residential Dwelling Units, 400 Lodging Units, 168,011 square
feet of Office space, 296,297 square feet of Commercial space, 43,760 square feet of special
training/vocational school, 195,272 square feet of Civic Space, 248,923 square feet of Open
Space, and 4,782 parking spaces; and
WHEREAS, while the square footage numbers of the SPV SAP are approximate, the
SPV SAP will not exceed 5,899,658 square feet of total development, will contain a minimum of
195,272 square feet of Civic Space, and will contain a minimum of 248,923 square feet of Open
Space; and
WHEREAS, the SPV SAP will facilitate future Transit Oriented Development ("TOD")
opportunities for communities north of Midtown as it proposes increasing density and intensity
volumes to promote a mixture of uses including an increase of residential units, office,
commercial, civic and institutional uses, civic space, and open space areas that leverage the
accessibility and proximity of a future transit opportunities along the Florida East Coast Railway
("FEC") Corridor; and
WHEREAS, the SPV SAP will integrate and provide public improvements and
infrastructure while providing greater flexibility resulting in a higher quality and specialized
building and streetscape design; and
WHEREAS, projects such as the SPV SAP are important to the economic revitalization
and enhancement of the City, in general, and specifically the Little Haiti area; and
WHEREAS, the SPV SAP will create certain recurring and non -recurring financial
benefits as well as temporary and permanent jobs; and
WHEREAS, at the Planning, Zoning and Appeals Board ("PZAB") meeting on
September 14, 2021, there was a motion to recommend approval of the SPV SAP that resulted
in a tie vote of four to four (4 to 4) as memorialized in Resolution No. PZAB-R-21-034; and
WHEREAS, pursuant to Section 7.1.1.4.d.4 of the Miami 21 Code, no action to
recommend adoption of a Special Area Plan shall be taken without the concurring votes of
supermajority of board members present; and
WHEREAS, the City Commission, after careful consideration of this matter, deems it
advisable and in the best interest of the general welfare of the City to approve the Development
Agreement attached hereto, to be finalized in a form acceptable to the City Attorney, as
hereinafter set forth;
NOW, THEREFORE, BE IT ORDAINED, BY THE COMMISSION OF THE CITY OF
MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Ordinance are
adopted by reference and incorporated as if fully set forth in this Section.
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File ID: 6118 Enactment Number:
Section 2. The Development Agreement pursuant to Chapter 163, Florida Statutes,
between the Applicant and the City to govern the development of the Property is hereby
approved.
Section 3. The City Manager is authorized' to negotiate and execute the Development
Agreement, in a form acceptable to the City Attorney.
Section 4. If any section, part of a section, paragraph, clause, phrase, or word of this
Ordinance is declared invalid, the remaining provisions of this Ordinance shall not be affected.
Section 5. This Ordinance shall become effective thirty-one (31) days after its adoption.2
APPROVED AS TO FORM AND CORRECTNESS:
ndez, ity Attor
ey 11/8/2021
1 The herein authorization is further subject to compliance with all legal requirements that may be
imposed, including but not limited to those prescribed by applicable City Charter and City Code
provisions.
2 This Ordinance shall become effective as specified herein unless vetoed by the Mayor within ten (10)
days of the date it was adopted. If the Mayor vetoes this Ordinance, it shall become effective immediately
upon override of the veto by the City Commission or upon the effective date stated herein, whichever is
later.
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