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PROJECT HIGLIGHTS completed six months later. will take 24 months to complete, withtheresidential component being Construction isanticipated to begininMarch 2020. Retail construction a large urbanmixed-use development located duesouthofBlock55. of . JohnMoriartyrecently completed theBrickell CityCentre, The general contractor isexpected to beJohnMoriarty&Associates Group, amajorSouthFloridadeveloper withover 40years ofexperience. firm headquartered inMiami.The developer oftheproject isSwerdlow The project isdesignedby , aworld-renowned pool andclubhouseontop oftheretail podium. that are roughly 626and940sfrespectively. Residents willhave aprivate The residential component willfeature one-andtwo-bedroom vertical transportation pointsto access theretail doors. in thestructure to allow themto exit theirvehicles quicklyandusemultiple effi The parkinggarage was designedto provide customers withthemost dedicated parkonthenorthsideofproject. feature restaurants withoutdoor seatingalongSawyer’s Walk, ablock-long a grocer, multipleapparel concepts andhard goods.The fi pharmacy withinitsspace. Additional co-tenants willincludeahealth club, Target willanchor theground fl approximately 1,050 parkingspaces and506apartmentunits. foot mixed-use property. Block55willoff Block 55isthelatest development by Swerdlow Group, a1millionsquare BLOCK55 SAWYER’S LANDING cient shopping experience possible, located closeto the street andlow oor withafullservice Starbucks andCVS er ±355,000 SFofretail space, rst fl oor willalso -DADE TOTAL POPULATION MiamiMia ranks No. 4 in the nation for population 2.8 MILLION ggrowth,row after , Austin and Fort Worth.

POPULATION POPULATION 262,944 $46.8 Billion BY GENDER BY AGE POPULATION MIAMI’S ANNUAL MIAMI RETAIL SALES 51.5% 39.1 MEDIAN AGE FEMALE

0 - 34 35 - 44 AGE 45 - 54 347,702 $70,349 BREAKOUT 55 - 64 AVERAGE 48.5% 65 - 74 DAYTIME MALE 75 - 84 POPULATION HOUSEHOLD 85+ INCOME

£

MiamiM GardensG e £ TS AvenAAvvenveve ttura

NorthNNoortthhM MiamM mim PROJECT HIGHLIGHTS £ HialeahHialea • Developed by Swerdlow Group TS • 1 million square foot mixed-use property £ Miaami TS BBeeaach • 352,499-square feet retail • 506 units Doral • 1,050 on-site parking spaces MiMiamia Int’l AiAirport • Direct access and visibility to I-95 with 185,000 TS TS vehicles per day • Located at NW 2nd Ave. and NE 6th St. in Miami • Centered in a rapidly redeveloping area SweS eeetwatertwaterat CoCooralralr Gables Gablesa • Public transportation: bus stop on site, one block from £ Virgin Train Station to West Palm Beach and Orlando, Coconut Miami Metrorail and Miami Grove • Within two blocks from approximately 4,000 apartment glades DDaadelandadelanl ndd units recently completed or under construction TS • Two blocks west of the 1,800 room Marriott Marquis hotel and convention center TS • Draws from the extensive trade area due to its proximity to I-95 KenKendallendall Pineinecresteecrec s

CCutlerCutlertler BayB y DOWNTOWN MIAMI £

Overtown is the historic center of the city currently undergoing a transformational evolution as a neighborhood bnding the trade TS area from to Midtown. Residential growth provides the HomesteadH essteteadd perfect life work balance.

Biscayne National ParkPark FloridaFloF orida City C y ACCESSIBILITY VEHICULAR ACCESS EXIT 2B NW 2ND ST FROM NB I-95

N Miami Ave

NW 1st St 1st NW NW 6th St 6th NW

NE 8th St 8th NE NW 1st Ave W Flagler St

NW 1st Ave

Metrorail NW 1st Ct 1st NW

NE 5th St

NW 2nd Ave

NW 9th St 9th NW

NW 2nd St 2nd NW

evAdr3WN W Flagler St Flagler W

tCdr3WN

NW 4th Ave 4th NW

NW 1st St 1st NW NW 3rd St 3rd NW

NW 4th St 4th NW nd Avenue veer veer Avenue Street rd th Avenue nd Street, west to NW to west Street, th Street, exit 2B, east to NW to 2B, east exit Street, Street, exit 3B, east to NW 2 to 3B, east exit Street, th nd Street, west to Sawyer’s Landing Sawyer’s to west Street, th Avenue, north to NW 7 north to Avenue, rd Avenue, west to Sawyer’s Landing Sawyer’s to west Avenue, Court, south to I-95 entrance at NW 2 I-95 entrance south to Court, rd nd to NW 3 to Traveling North Traveling NW 2 • I-95 northbound to • Continuing north via I-95, travel north on NW 3 north via I-95, travel • Continuing to the left to the I-95 entrance. the I-95 entrance. the left to to I-95 ACCESSIBILITY South Traveling NW 8 • I-95 southbound to NW 6 south to Avenue, 2 3 • Continuing south via I-95, travel west on NW 6 west south via I-95, travel • Continuing Public Transportation Traveling South •From Miami International Airport, take the South Station train to the Historic Overtown/Lyric Theatre Station, exit station and walk one block west to Block 55

Traveling North • From , take the Green Line Station train to Historic Overtown/Lyric Theatre Station, exit station and walk one block west to Block 55 Convention Center

GOVERNMENT CENTER

1. PAMM 2. Frost Science 3. Miami World Center 4. Marriott Marquis Convention Center 5. 6. 7. PORTMIAMI

8. Ross

9. Marshalls

10. Whole Foods ACCESSABILITY ELEVATION GROUND FLOOR LEVEL 6 LEVEL 7 LEVEL 8 PARKING WAYFINDING 61 ft - 10 in 27 ft-1in 27 ft-1in 35 ft -2in 35 ft 35 ft

252'-0 1/2"

205'-10" 115 ft-0in

20 ft 20 ft 20 ft

WAYFINDING DEMOGRAPHICS DEMOGRAPHICS BY RADIUS Average Income Owned HomeV Black Renter Occupied Median Age White 10.2% Change 2019to 2024 Da Business Overview 2019 Households eorpis1Ml -ie5-Mile 3-Mile Demographics 1-Mile Race &Ethnicity Total Businesses 09Pplto 47,740 2019 Population tm mlye 153,129 ytime Employees le$2,0 2908$264,891 $269,028 $220,303 alue $44,821 68.4% 86.2% 19.6% 7,105 36.0 422,984 $60,189 257,295 22,429 75.6% 74.6% 13.8% 6.5% 38.6 840,184 $64,174 517,517 45,164 69.0% 20.4% 71.0% 4.2% 39.3

Greater Downtown Miami consists of 3.8-square miles of prime waterfront real estate in tropical . It is bounded by to the west, Biscayne Bay to the east, the (I-195) to the north, and the to the south. Miami Downtown Development Authority (DDA) represents the urban core of Greater Downtown, which consists of three neighborhoods: the Brickell Financial District, the Central Business District (CBD), and the Arts & Entertainment District. Greater Downtown consists of the urban core in addition to Edgewater, Midtown, Wynwood, and historic Overtown.

POPULATION Greater Downtown’s population is 92,235 people in 2018. Population continues to grow Overtown steadily in Greater Downtown Miami. We estimate the population has increased by nearly 3,700 people since our 2016 estimate, or a 4%growth in two years. This equates to over 1,500 people moving to Downtown each year. Greater Downtown has grown by more than 38% A&E District since 2010.

Table 1: Population Trends in Greater Downtown Miami Greater Downtown Population Trends Area 2000 Census 2010 Census 2018 Estimate 2021 Projection Arts & Entertainment 4,432 9,079 13,072 15,775 Brickell 12,904 26,472 41,337 51,921 CBD 4,901 11,108 13,856* 15,060 Edgewater 5,841 6,097 6,930 7,580 CBD Midtown 4,175 5,647 8,464 10,003 Overtown 7,000 6,736 7,000* 7,721 Wynwood 1,303 1,630 1,576 1,557 Greater Downtown 40,556 66,769 92,235 109,617 Source: ESRI BAO; Synergos PopStats; Miami DDA *Numbers corrected from 2016 report given new information

Table 2: Greater Downtown Miami Population Growth Rates Greater Downtown Population Growth 2000-2010 2010-2018 2018-2021 Area % Change CAGR % Change CAGR % Change CAGR Arts & Entertainment 104.9% 7.4% 44.0% 4.7% 20.7% 3.8% Biscayne Bay Brickell 105.1% 7.4% 56.2% 5.7% 25.6% 4.7% Brickell CBD 126.6% 8.5% 24.7% 2.8% 8.7% 2.8% Edgewater 4.4% 0.4% 13.7% 1.6% 9.4% 1.8% Midtown 35.3% 3.1% 49.9% 5.2% 18.2% 3.4% Overtown -3.8% -0.4% 3.9% 0.5% 10.3% 3.3i% Wynwood 25.1% 2.3% -3.3% -0.4% -1.2% -0.2% Greater Downtown 64.6% 5.1% 38.1% 4.1% 18.8% 3.5% Source: ESRI BAO; Synergos PopStats; Miami DDA

4 POPULATION DISTRIBUTION AGE COMPOSITION More than 65% of all Greater Downtown residents live within the urban core: Greater Downtown’s population has become slightly younger from 2010 with a noticeable 45% living in Brickell, 15% in the CBD, and 6% in the A&E District. Outside of the increase in the Millennial and Gen Z cohorts. Figures 2 and 3 show Greater Downtown’s urban core and within Greater Downtown, Edgewater is the most populated population by age, sex, and generational cohort. The table below shows percentages for each neighborhood, encompassing 15% of the population. Wynwood has the smallest age cohort by sex. This new piece is important for understanding how Greater Downtown’s portion of residential population: only 2% of all Greater Downtown residents. population and needs are changing. For example, it is widely believed that Millennials are Map 1 shows residential density by Census Block Group and is color-coded by still in high school: in fact, the youngest Millennials are actually 20 years old today. As neighborhood for Greater Downtown Miami. The “tallest” block groups can be Millennials have aged, their cohort has become a much larger share of the Greater Downtown found in Midtown, Brickell, and the CBD. In Midtown, the densest block group has a population. In fact, there has been a 104 percent increase in Millennials since 2010. density of 900 people per square mile. Brickell’s densest block group has a density That increase is attributed to the fact that Greater Downtown’s population has remained of 850 people per square mile. The CBD’s densest block group has a density of constant in terms of age. Since 2010, the 20- to 29-year old and 30 to 34-year old cohorts 450 people per square mile. have always been the largest. As Millennials continue to age, their share of the population will continue to increase. This is a result of the recent trend in Millennial migration to urban cores.

Map 1: Population Distribution

Figure 2: Greater Downtown Population Pyramid, 2018

Source: ESRI BAO; Synergos PopStats; Miami DDA

1 Neil Howe, Forbes, “Are You Born To Be Off Than Your Parents? (Part 1 of “Generations in Pursuit of the American Dream”)," Jul 16, 2014, https://www.forbes.com/sites/neilhowe/2014/07/16/part-1-generations-in-pursuit-of-the-american-dream/#3ada28b65db0 (accessed February 2018)

2 Samantha Raphelson, NPR, “From GIs To Gen Z (Or Is It iGen?): How Generations Get Nicknames," Jan 12, 2017, https://www.npr.org/2014/10/06/349316543/don-t-label-me-origins-of-generational-names-and-why-we-use-them (accessed February 2018)

3 Pete Saunders, Forbes, "Where Educated Millennials Are Moving," Jan 12, 2017, https://www.forbes.com/sites/petesaunders1/2017/01/12/where- educated-millennials-are-moving/#96cb760d3ccc (accessed February 2018) 6 DOWNTOWN MIAMI DOWNTOWN

AGE COMPOSITION AGE COMPOSITION Downtown Miami has a good mix of age groups. The majority of Greater Downtown’s One of the most notable diff erences in between Greater Downtown’s population in 2010 population is working-aged. We defi ne this as people between the ages of 25 and versus 2018 is the narrowing of the split between male and female individuals. In 2010, 64. Infants, classifi ed as children 4 and under, account for the smallest portion of the males outnumbered females by nearly 3 percent. In 2018, the split between male and population. School-aged children are up 2 percentage points from 2010 and account female is nearly even, with 49.4% female and 50.6% male. Data regarding other gender for 11 percent of the 2018 population. We classify school-aged children as children identities or sexual identities were not collected. This group includes, but is not limited ages 5 to 19. The college-aged group consists of young adults between 20 to 24 years to, nonbinary, intersex, and transgender individuals. old. Seniors are classifi ed as people aged 65 and up. The working-aged group shrunk by 2% from 2010 and seniors grew by 2percent. These groups are diff erent from generational cohorts as these classifi cations are fi xed, whereas generations adhere to specifi c birth-year ranges. DOWNTOWN MIAMI DOWNTOWN HOTEL SUPPLY meeting space. at 37 hotels withatotal of8,121 rooms and386,325square feet of As ofDecember 2018,Greater Downtown’s hotel inventory stands hotels with1,798 rooms were delivered. hotels withmore than1,300rooms. From 2010through 2018,nine nual growth rate. Since 2014,Greater Downtown hasaddedseven annual basis,supplyhasgrown atasteady 4percent average an- As travel to Miamiincreases, sodoesthedemandfor hotels. Onan Downtown Miamisaw a20percent increase over afi markets intheUnited States by performance andmetrics.Greater The Greater Miamiarea (Miami-DadeCounty) isoneofthetop hotel GREATER DOWNTOWN HOTEL SUPPLY ve-year period. demand rather thanoversupplying themarket. pancy whichindicates thedevelopment seenisactuallymeeting cent over thepast fi Greater Downtown hasincreased ithotel room supplyby 27 per- SUPPLY ve years, andhasnotseenadecrease inoccu- AVERAGE DAILY RATE REVENUE PER AVAILABLE ROOM

Average Daily Room Rate (ADR) is a hotel performance metric that Revenue Per Available Room (RevPAR) is a hotel performance met- assesses revenue earned on average per room for any given day. ric that assesses a hotel’s ability to fi ll rooms at the average rate. Over the last fi ve years, ADR has grown in the Greater Miami mar- RevPAR is calculated by multiplying ADR and occupancy. As with ket by 13 percent. ADR grew steadily every year from 2013 to 2015 ADR, RevPAR in the Greater Miami market saw positive gains from and then dropped the next two years. Greater Downtown’s ADR 2013 to 2015 and then a drop from 2015 to 2016. has always been higher than that of Greater Miami. Even in down years, Greater Downtown’s ADR decreases were less than those Greater Downtown had a higher rate of growth and increase in of the Greater Miami market. In 2018, Greater Downtown’s ADR fi - RevPAR than Miami Beach over the last fi ve years. Greater Down- nally surpassed $200, reaching $204.42. Greater Downtown’s ADR town’s RevPAR increased by nearly 11 percent with a 2 percent averaged $194.40 over the last fi ve years, which is $5.18 more than Annual Average Growth Rate. Greater Downtown had the second the Greater Miami market’s average for the same time period. highest RevPAR last year with $153.42. Greater Downtown’s fi ve- year average RevPAR is also the second highest of the top submar- kets at $148.77. HOTEL SUPPLY HOTEL HOTEL REVENUE TRENDS

The Greater Downtown Miami hotel market is seeing a steady increase in overall revenue. Over the last fi ve years, Greater Downtown’s hotel revenue increased by nearly 36 percent. Table 10 shows the annual hotel revenues for Greater Downtown between 2013 and 2018. Hotel revenue grew at a 6 percent Annual Average Growth Rate. Greater Downtown Miami’s hotel revenue peaked in 2018 with nearly $450 mil- lion. Every year except 2016 saw positive gains. From 2015 to 2016, revenue fell by 1 per- cent. The decrease in ADR, RevPAR, and revenue for 2016 and 2017 is attributed to in 2016 and Hurricanes Irma and Maria in 2017. These hurricanes aff ected tens of thousands of fl ights, cruise operations, and resulted in slightly lower hotel performance for those years.

There were no major (Category 4 or 5) hurricanes that made landfall in or the in 2018, which had the highest ADR and revenue in Greater Downtown and the Greater Miami market of the past fi ve years. With PortMiami’s historic cruise passenger count, MIA’s historic arrivals, and Greater Downtown’s peak revenue all occurring in 2018, it is clear that visitors are not afraid to travel to Miami during hur- ricane , what this means for Miami is that tourism in is more impacted by travel restrictions from major storms than the storms themselves.

The chart shows how Greater Downtown’s hotel revenue has grown in pace with hotel supply over the last fi ve years. The chart also refl ects that revenue leveled

off in 2016, which has been attributed to Hurricane Matthew, but also is related to

the delivery of new supply. Greater Downtown’s consistent revenue incresase from 2016 through 2018 show the market’s ability to bounce back from adversity. Greater Downtown Miami’s hotel market is rising and stable. HOTEL SUPPLY HOTEL The Greater Miami area always ranks among the top 25 hotel mar- Rank Market Occupancy ADR RevPAR RevPAR YOY kets in the nation. In 2018, Miami ranked as the fourth best-perform- 1 New York 87.3% $262.31 $228.96 3.4% ing hotel market. Table 11 shows the top 25 hotel markets in the U.S. 2 Oahu Island 83.9% $238.16 $199.70 2.7% by 2018 year-end metrics. Ranking is determined by RevPAR. Miami 3 81.9% $241.33 $197.72 4.3% beat out ; Washington DC; and others in both ADR and Greater Downtown Miami 75.1% $204.42 $153.42 6.0%

RevPAR. The Greater Miami hotel market actually climbed from the 4 Miami 76.7% $199.35 $152.81 6.3%

fi fth spot in 2017, overtaking Boston. According to STR, Boston’s 5 Boston 75.7 $199.04 $150.72 3.9%

RevPAR was over $105 in 2017 whereas Miami’s was nearly $144. 6 Los Angeles 79.6% $180.17 $143.49 1.9%

7 San Diego 78.7% $166.30 $130.93 5.8%

Both Boston and Miami saw gains in RevPAR from 2017 to 2018, 8 Anaheim 77.5% $162.05 $125.65 3.1% but Miami’s were greater, bringing its overall ranking up one slot to 9 Seattle 75.1% $165.09 $123.94 0.8%

No. 4. The Greater Miami market had the second highest increase Top 25 Markets 73.6% $157.94 $116.19 2.5% in RevPAR from 2017, behind only Minneapolis. Greater Downtown’s 10 Washington, DC 71.3% $156.42 $111.51 -3.2% increase in RevPAR from 2017 tied with ’s and was 11 Nashville 73.3% $147.19 $107.87 2.2% just 0.3 percent behind the Greater Miami market. Overall, Greater 12 69.6% $151.13 $105.21 3.8%

Downtown Miami’s hotel market performs better than most of the 13 69.3% $148.89 $103.17 5.1% top 25 markets by ADR and RevPAR year-over-year (YOY) growth 14 Orlando 77.5% $127.32 $98.68 2.5% for all 25 markets are shown in the table to the right. 15 Denver 73.1% $131.63 $96.26 0.0%

16 Philadelphia 71.1% $132.97 $94.60 6.0%

17 Tampa 71.3% $130.07 $92.73 0.7%

18 Phoenix 69.7% $129.78 $90.42 5.3%

Total US 66.2% $129.83 $85.96 2.9%

19 Minneapolis 67.6% $122.66 $82.96 6.9%

20 70.1% $109.80 $76.94 2.6%

21 68.2% $108.72 $74.16 0.7%

22 67.2% $104.78 $70.46 4.0%

23 St. Louis 64.7% $105.24 $68.13 -0.2%

24 63.1% $105.45 $66.57 -7.5%

25 Norfolk 63.0% $103.17 $65.03 3.9% SUPPLY HOTEL GREATER MIAMI APARTMENT PIPELINE

IN LEASE-UP DEVELOPERS YEAR BUILT UNITS 1 ZOM 2018 438 2 2500 Biscayne Greystone 2018 156 3 Muze at Met Square ZOM 2018 391 4 Pearl Midtown 29 Adler 2018 309 5 Square Station Melo Group 2018 710 6 Florida East Realty 2018 821 7 X-Miami PMG 2018 464 8 Caoba CIM Group/MWC Assoc. 2019 444 9 Yard 8 Wood Partners 2019 387 10 Wynwood 25 East End Cap./Related 2019 289 11 Blu27 Richman Group 2019 330 12 Modera Edgewater 25 Mill Creek 2019 297 13 Modera Riverhouse Mill Creek 2018 292 TOTALS 5,328

UNDER CONSTRUCTION DEVELOPERS YEAR BUILT UNITS 1 Maizon at Brickell ZOM 2019 262 2 Art Plaza - Twin 34 Story Melo Group 2019 667 3 Quadro Alta Developers 2019 198 4 MiamiCentral (two phases) Lincoln 2020 816 5 The Braadley Related/Block Capital 2020 174 6 Midtown East North Tower AMLI 2020 485 7 Midtown East South Tower AMLI 2020 215 8 Midtown 6 Alex Vadia 2020 447 9 Miami Plaza Melo Group 2020 425 10 Wynwood Square CIM Group/One RE 2020 257 g 11 River Landings Urban X Group 202 528 12 Modern Skyline Mill Creek 2021 97 13 Miami River Walk Mast Capital 2021 688 14 Luma ZOM 2021 434 15 Soleste Grand Central Estates Investment Group 2021 360 16 Modera Biscayne Bay* Mill Creek 2021 296 17 400 Biscayne* PMG/Greybrook 2022 714 18 Grand Station Partners Apt* Grand Station Partners 2021 300 TOTALS 7,363

POSSIBLE FUTURE SUPPLY DEVELOPERS YEAR BUILT UNITS 1 Wynwood 29 Related 2021+ 182 2 Tower Adler Group 2021+ 350 3 Avery Miami Central Meyers Group 2021+ 230 4 Midtown 7 Alex Vadia 2021+ 375 5 1836 Biscayne Fifteen Group 2021+ 352 6 M-Tower Axis Realty/Forse Holdings 2021+ 450 7 Downtown 5th (Baptist Church Site) Melo Group 2021+ 1,042 8 Moishe Mana Tower Moishe Mana 2021+ 428 9 Crescent Heights Dev. (Tract A & B) Crescent Heights 2021+ 754 10 Habitat Group West Brickell Site Habitat Development 2021+ 108 11 2000 Biscayne Kushner 2021+ 393 12 1900 Biscayne Atlas Capital Group 2021+ 429 13 Melo Downtown West Melo Group 2021+ 500 14 Tibor Hollo 2021+ 1,361 15 Westdale Wynwood Westdale RE Investment Mgmt. 2021+ 202 16 7th Street Apartments Phase II Miami Worldcenter Associates 2021+ 441 17 J Milton Mixed Use Site J Milton 2021+ 550 18 1775 Biscayne V Downtown Inc. 2021+ 444 19 Wynwood Green Lennar 2021+ 189 20 Wynwood Quartier Bel- 2021+ 143 21 Krystal Tower 2 Charlesville Development Corp/BH 18 2021+ 154 TOTALS 9,077 £ 1 MiamiM GardensG e RETAIL &£ TS AvAvenveveenttura SHOPPING NoNortNortththhM MMiammi Miami-Dade County has a multi-layered shopping 2 14 environment — from high-end concepts to outlet malls and £ HialeahHialea traditional retail — to serve households. TS £ Miama i TS BBeeacha

Doral 9 SHOPPING MALLS IN MIAMI-DADE MiaMiami Int’lt 11 AiAirport 7 10 TS TS 3 SHOPPING CENTER DISTRICT 4 MiMiamii 1 Aventura SweetwaterS eetwaatert CoCorar l GaGablesables 13 £ 5 2 Bal Harbour 3 Bayside Marketplace Downtown glades DDadelandDadelDa landd 12 TS 6 4 (Mall) Brickell

5 CocoWalk Coconut Grove TS KeKendallendalln 8 6 Dadeland Pinecinecrestecree s

7 Sweetwater

8 Kendall

CutlerCuttler BBay £ Biscayne Bay 9 Mall Miami Beach

10 Doral

The Shops at Midtown 11 Midtown Miami TS 12 Homesteadstead The Shops at Sunset Place South Miami

13 Village of Merrick Park Coral Gables Biscayne National ParParkk FloridaF orida City 14 Hialeah

£ PORTMIAMI

TOTAL ANNUAL PASSENGERS SUPPORTS CRUISE SHIPS 5,530,000 334,500+ 2,489 vessels arrive at Located just off the coast of Downtown Miami is PortMiami: PortMiami annually JOBS Cruise Capital of the World. PortMiami is the world’s busiest in South Florida cruise by passengers. More than 50 cruise ships from over 20 cruise lines call PortMiami home. These cruise lines continuously see positive growth in demand, which has led CRUISE SHIPS to many historic points observations for PortMiami. In 2018, BRANDS 55 PortMiami’s total cruise passenger count was more than 22 call PortMiami Home 6 million - a 12 percent increase from 2017. In November 2018, Royal Caribbean opened the largest cruise terminal ADDS in the nation. From Port Miami, Royal Caribbean will launch CRUISE SHIP PASSENGERS $43 - the world’s largest passenger cruise $5.3 BILLION ship. MILLION to the local economy

PortMiami Cruise Passenger Growth, 2013 - 201 8 7,000,000

6,000,000

5,000,000 CARGO 10.3 MILLION 4,000,000 TOTAL TONS IN 2018

3,000,000 CARGO ESTIMATED VALUE 2,000,000 27 BILLION

1,000,000

0 2013 2014 2015 2016 2017 2018 *Portmiami, 2019 EMPLOYMENT

MAJOR PRIVATE EMPLOYERS LATIN AMERICAN HUB IN MIAMI-DADE

Miami emerged as ’s de facto economic and fi nancial hub for business operations and has the largest concentration of foreign banks in the LEGAL 75% HEALTHCARE 8% BUSINESS 6% outside of New York. Today, more than 1,200 multinationals have operations in South above the national above the national SERVICES average average Florida, including: above the national average

• Cisco Systems Latin America • Oracle Latin America Souce: Florida Trend, Miami-Dade Economic Assessment, 2019 • FedEx Express • Panasonic Latin America, SA • HP Latin America & Caribbean • Samsung Electronics Latin America • Kraft Foods Latin America • UPS Americas and the Caribbean TOP 10 PRIVATE EMPLOYERS • Medtronic Latin America Operations • Visa International IN SOUTH FLORIDA • MTV Networks Latin America

COMPANY REVENUE # OF OFFICES

Southern Glazer's Wine & Spirits $18.2 billion 2

JM Family Enterprises $15.06 billion 3

Oasis Outsourcing $9.03 billion 6

Greenberg Traurig $1.48 billion 5

The Related Group $1.3 billion 3

Fontainebleau Hotel Moss $1.1 billion 3

Rick Case Automotive Group $1.08 billion 9

Ed Morse Automotive Group $1.05 billion 8

Warren Henry Automotive Group $596.3 million 5

Coastal Construction Group $588.5 million 5

Nicklaus Children’s Hospital EMPLOYMENT

Miami-Dade attracts a number of global corporations who settle their headquarters here. FloridaF is ranked as the nd BestB State for Business 2 GLOBAL HEADQUARTERS byby Chief Executive Magazine IN MIAMI-DADE

Brightstar - Florida’s 6th Biggest Private Company

Carnival Cruise Lines - Florida’s 5th Biggest Public Company

Lennar - Florida’s 8th Biggest Public Company

World Fuel Services Corp. - Florida’s 2nd Biggest Public Company

*Source: The Miami Dade Beacon Council / The Florida Trend - www.floridatrend.com/350 For More Information Contact:

Greg Masin Senior Director 305 533 2857 [email protected]

Frank Begrowicz Director 305 533 2874 [email protected]

Andrea Vigil Senior Associate 305 533 2858 [email protected]

Michael Loeb Associate 786 792 5208 [email protected]