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Wynwood Development Table of Contents 03 Project Overview

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Wynwood Development Table of Contents 03 Project Overview TOTAL AREA: 60,238 SQ.FT. Wynwood Development Table of Contents 03 Project Overview 15 Conceptual Drawings 17 Location 20 Demographics 23 Site Plan 26 Building Efficiency 29 RelatedISG Project Overview Project This featured property is centrally located in one of Miami’s hottest and trendiest neighborhood, Wynwood. The 60,238 SF site offers the unique possibility to develop one of South Florida’s most ground-breaking projects. There has only been a select amount of land deals in the past few years available in this neighborhood, and it is not common to find anything over 20,000 SF on average. With its desirable size and mixed use zoning, one can develop over 300 units with a retail component. Wynwood has experienced some of the highest rental rates of any area of South Florida, exceeding $3 per SF, and retail rates exceeding $100 SF. As the area continues to grow and evolve into a world renowned destination, it is forecasted that both residential and retail rental rates will keep increasing. Major landmark projects such as the Florida Brightline and Society Wynwood, as well as major groups such as Goldman Sachs, Zafra Bank, Thor Equity and Related Group investing here, it is positioned to keep growing at an unprecedented rate. Name Wynwood Development Style Development Site Location Edgewater - Miami 51 NE 22th Street Miami, FL 33137 Total Size 60,238 SQ. FT. (1.3829 ACRES) Lot A 50 NE 23nd STREET Folio # 01-3125-015-0140 Lot B 60 NE 23nd STREET Folio 01-3125-011-0330 Lot C 68 NE 23rd STREET Folio 01-3125-011-0320 Lot D 76 NE 23rd STREET Folio 01-3125-011-0310 Lot E 49 NE 23rd STREET Folio 01-3125-015-0140 Lot F 51 NE 23rd STREET Folio 01-3125-015-0130 Zoning T6-8-O URBAN CORE TRANSECT ZONE 04 Development Regulations And Area Requirements DEVELOPMENT REGULATIONS AND AREA REQUIREMENTS DESCRIPTION VALUE CODE SECTION REQUIRED PERMITTED PROVIDED CATEGORY RESIDENTIAL PERMITTED COMMERCIAL LODGING RESIDENTIAL COMMERCIAL LODGING RESIDENTIAL LODGING PERMITTED GENERAL COMMERCIAL PERMITTED LOT AREA / DENSITY MIN.5,000 SF LOT AREA MAX. 40,000 SF LOT AREA 150 DU * 1.3829 ACRES = 207 UNIT MAX 101 DU MAXIMUM DENSITY OF: 150 DU PER ACRE *** 1 DU = 2 LU *** 199 LU MAXIMUM HEIGHT 8 STORIES MAX. POSSIBILITY OF 12 STORIES MAX. 12 STORIES MAX. 12 STORIES WITH PUBLIC BENEFITS WITH BENEFITS MAX. HEIGHT STORY = 14'-0" MAX. HEIGHT GROUND FLOOR RETAIL = 25'-0" LOT COVERAGE 1-8 STORIES = 80% 1-8 STORIES = 80% 1-8 STORIES = 73% - ABOVE 8 STORIES = 15,000 SQ.FT. MAX - ABOVE 8 STORIES 15,000 SQ.FT. MAX -ABOVE 8 TOWER 1 = 8,730 FLOORPLATE FOR RESIDENTIAL & LODGING -ABOVE 8 TOWER 2 = 7,200 LOT WIDTH MINIMUM LOT WIDTH 50'-0'' MIAMI 21 / ARTICLE 5 50'-0'' MIN. 280'-0'' FLOOR LOT RATIO FLOOR LOT RATIO IS MAXIMUM 5.0 60,238 SF * 5 = 301,190 SF MAX. APPROX. 339,120 SF +25%WITH ADDITIONAL PUBLIC BENEFITS +25% 75,297 SF WITH PUBLIC BENEFITS *THIS IS GROSS, FLR NEED TO BE CALCULATED FROM TOTAL 376,487 SF THE INTERIOR FACE OF THE EXTERIOR WALLS MINIMUM FRONTAGE MINIMUM 70% NE 23RD STREET = 194'-0 * 0.7 = 136'-0" NE 23RD STREET = 154'-0" ALL FRONTAGES ARE APPROXIMATE UNTIL WE NE 22ND STREET = 230'-0 * 0.7 = 161'-0" NE 22ND STREET = 174'-0" RECEIVED THE UPDATED LAND SURVEY OPEN SPACE 10% MINIMUM OF THE LOT AREA 60,238 SF * 10% = 6,024 SF MIN. 16,132 SF = 27% 05 Building Setbacks BUILDING SETBACKS DESCRIPTION VALUE CODE SECTION REQUIRED PROVIDED PRINCIPAL FRONT 10'-0" MIN. UP TO 8th FLOOR MIN.10'-0" MIN. 20'-0" ABOVE 10'-0" - 20'-0" ABOVE 20'-0" MIN. ABOVE 8TH FLOOR 8th FLOOR 8th FLOOR SECONDARY FRONT 10'-0" MIN. UP TO 8th FLOOR MIN.10'-0" MIN. 20'-0" ABOVE 10'-0" - 20'-0" ABOVE 20'-0" MIN. ABOVE 8th FLOOR 8th FLOOR 8th FLOOR REAR SETBACK 0'-0'' MIN. UP TO 8th FLOOR MIAMI 21 MIN.O'-0" MIN. 30'-0" ABOVE 0'-0" - 30'-0" ABOVE 30'-0'' MIN. ABOVE 8th FLOOR ARTICLE 5 8th FLOOR 8th FLOOR SIDE SETBACK 0'-0" MIN. UP TO 8th FLOOR MIN.0'-0" MIN. 30'-0" ABOVE 0'-0" - 30'-0" ABOVE 30'-0" MIN. ABOVE 8th FLOOR 8th FLOOR 8th FLOOR 06 PARKING DATA - RESIDENTIAL PARKING DATA - RESIDENTIAL DESCRIPTION VALUE CODE SECTION REQUIRED PROVIDED PARKING SPACE FOR 90 DEGREES PARKING: STALL SHALL BE 8'-6'' X 8'-6" X 18'-0" 8'-6" X 18'-0" DIMENSIONS 18' AISLE WIDTH SHALL BE MIN. 23' TWO-WAY PARKING SPACE COUNT RETAIL 1 PARKING SPACES PER 333 SF OF RETAIL USE SEE PAGE 006 RESIDENTIAL 1.5 PARKING SPACES PER DWELLING UNIT MAX 1 PARKING SPACE PER MICRO DWELLING MIAMI 21 UNIT WITH A MAXIMUM OF 1 ADDITIONAL VISITOR ARTICLE 4 PARKING CALCULATION WITH SHARED PARKING PARKING SPACE FOR EVERY 10 MICRO DWELLING UNIT TOTAL REQUIRED (132 PARKING SPACES / 1.1) + 164 PARKING SPACES = LODGING 284 PARKING SPACES MIN. 1 PARKING SPACE FOR EVERY 2 LODGING UNITS MIN. 1 ADDITIONAL VISITOR PARKING SPACE TOTAL PROVIDED FOR EVERY 15 294 PARKING SPACES LODGING UNITS LOADING SPACE RESIDENTIAL LOADING BERTH: 10' X 20' 2 BERTH OF 2 BERTH OF COUNT COMMERCIAL LOADING BERTH: 12' X 35' 12' X 36' 12' X 36' 07 FOR SITES WITH 340'-0" OF FRONTAGE LENGTH OR MORE, A CROSS-BLOCK PASSSAGE SHALL BE PROVIDED ABOVE THE 8TH FLOOR, MINIMUM BUILDING SPACING IS 60'-0". ABOVE THE 8TH FLOOR, THE BUILDING FLOORPLATE DIMENSIONS SHALL BE LIMITED AS FOLLOWS; 15,000 SF MAX. FOR RESIDENTIAL USES IN T6-8 180 FEET MAX. LENGTH FOR RESIDENTIAL USES 08 Lot A NAME Lot A STYLE Development Site LOCATION Edgewater 50 Ne 23 St. Miami, FL 33137 LOT SIZE 8,413 SF FOLIO 01-3125-011-0340 09 Lot B NAME Lot B STYLE Development Site LOCATION Edgewater 60 Ne 23 St. Miami, FL 33137 LOT SIZE 7,380 SF FOLIO 01-3125-011-0330 10 Lot C NAME Lot C STYLE Development Site LOCATION Edgewater 68 Ne 23 St. Miami, FL 33137 LOT SIZE 7,380 SF FOLIO 01-3125-011-0320 11 Lot D NAME Lot D STYLE Development Site LOCATION Edgewater 76 Ne 23 St. Miami, FL 33137 LOT SIZE 7,350 SF FOLIO 01-3125-011-0310 12 Lot E NAME Lot E STYLE Development Site LOCATION Edgewater 49 Ne 23 St. Miami, FL 33137 LOT SIZE 7,792 SF FOLIO 01-3125-015-0140 13 Lot F NAME Lot F STYLE Development Site LOCATION Edgewater 51 Ne 23 St. Miami, FL 33137 LOT SIZE 21,923 SF FOLIO 01-3125-015-0130 14 Conceptual Drawings TOWER #1 - RESIDENTIAL TOTAL 101 UNITS TOTAL 170 PARKING SPACES RESIDENTIAL 101 UNITS (X) 1.5 PARKING SPACES/UNIT = 152 PARKING SPACES GUEST = 101 UNITS * 10% = 10 PARKING SPACES RETAIL TOWER #1 - RESIDENTIAL TOWER #2 - HOTEL 4,000 SQ.FT. OF RETAIL / 333 SQ.FT = 12 PARKING SPACES TOTAL 101 UNITS TOTAL 199 ROOMS TOTAL 170 PARKING SPACES TOTAL 124 PARKING SPACES TOTAL PARKING REQUIRED = 174 PARKING SPACES TOTAL 135'-0" ROOF PARKING PROVIDED = 170 PARKING SPACES (-4) 125'-0" 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 12TH LEVEL 115'-0" 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 11TH LEVEL 105'-0" TOWER #2 - HOTEL 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 10TH LEVEL 95'-0" TOTAL 199 ROOMS 9 RESIDENTIAL UNITS 17 HOTEL ROOMS 9TH LEVEL TOTAL 124 PARKING SPACES 85'-0" 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 8TH LEVEL 75'-0" HOTEL 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 7TH LEVEL 65'-0" 199 ROOMS (X) 1 PARKING SPACES/ 2 ROOMS = 100 PARKING SPACES 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 6TH LEVEL GUEST = 199 ROOMS / 15 = 14 PARKING SPACES 55'-0" 14 RESIDENTIAL UNITS 28 HOTEL ROOMS 5TH LEVEL 9 RESIDENTIAL UNITS 19 HOTEL ROOMS 43'-0" RETAIL & 3,180 SQ.FT. AMENITIES & 3,780 SQ.FT. AMENITIES 4TH LEVEL 34'-0" 92 PARKING SPACES (WITH EXTRA HALF LEVEL) 62 PARKING SPACES 6,000 SQ.FT. OF RETAIL / 333 SQ.FT = 12 PARKING SPACES 3RD LEVEL TOTAL PARKING REQUIRED = 132 PARKING SPACES TOTAL PARKING 65 PARKING SPACES 62 PARKING SPACES 25'-0" 2ND LEVEL 40% MEZZANINE (RESIDENTIAL LOCKERS) PROVIDED = 124 PARKING SPACES (-8) 40% MEZZANINE (HOTEL SERVICES) 16'-0" MEZZ. RESIDENTIAL LOBBY & 4,000 SF HOTEL LOBBY & 6,000 SF RETAIL 0'-0" GROUND LEVEL RETAIL (+13 PARKING) 16'-0" 9'-0" 12'-0" 10'-0" 16'-0" 9'-0" 12'-0" 10'-0" PARKING CALCULATION WITH SHARED PARKING TOTAL REQUIRED (132 PARKING SPACES / 1.1) + 164 PARKING SPACES = 284 PARKING SPACES TOTAL PROVIDED 294 PARKING SPACES 16 Location Midtown Neighborhood Highlights Located in Wynwood, Miami, the coolest neighborhood in the world according to Google, Vogue, Forbes, Timeout, The Independent, and more. Wynwood is Miami Arts District and home to hundreds of the city’s best restaurants, cafes, shops, and entertainment venues. Once the center for manufacturing and logistics in Greater Miami, Wynwood is comprised of predominantly mid-century industrial manufacturing warehouses. After the industrial real estate market moved West to the Doral and Medley, Wynwood’s landscape began to change. Forward-thinking property owners renovated old buildings and marketed them to retailers and creative office users, transforming the neighborhood into an epicenter for the arts and culture. Wynwood’s Property owners got together in 2013 and created the Business Improvement District (BID), a vehicle to create initiatives to preserve Wynwood’s character and reinvest in the neighborhood. Arguably the best initiative the BID created was the Neighborhood Revitalization District (NRD) rezoning in 2015, which drastically changed the zoning’s density and intensity, making development feasible in the district.
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