222 Northeast 1 Ave & 50-60 Ne 3 St

222 222 NORTHEAST 1 AVE & 50-60 NE 3 ST RANI HUSSAMI, CCIM APEX CAPITAL REALTY EXECUTIVE DIRECTOR 901 NE 79 ST | MIAMI, FL 33138 +1 305 509 9321 +1 305 570 2600 [email protected] APEXCAPITALREALTY.COM 222 TABLE OF CONTENTS EXECUTIVE SUMMARY 222 NORTHEAST 1 AVE 01 PAGE 05-06 & 50-60 NE 3 ST PROPERTY DESCRIPTION 02 PAGE 09-10 ZONING ANALYSIS 03 PAGE 13-16 AREA & MARKET OVERVIEW 04 PAGE 19-28 RANI HUSSAMI, CCIM EXECUTIVE DIRECTOR +1 305 509 9321 [email protected] This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. ©2020-2021 APEX CAPITAL REALTY LLC. SECTION 01 222 EXECUTIVE SUMMARY EXECUTIVE SUMMARY Apex Capital Realty is pleased to exclusively offer the opportunity to acquire one of the most prominent development sites in Downtown Miami – 222 Downtown (the “Property”). The property is composed of a 3-parcel assemblage spanning over an acre in the heart of Miami’s CBD. This represents a one in a lifetime opportunity to acquire a prime site with an allowed density of 1,033 residential units or 2,066 hotel keys and with a buildable area of over 1.5 million SF. The zoning allows a variety of uses including Office, Multifamily, Hotel, Retail, Luxury Condominiums and Co-living. 222 Downtown offers access through NE 1 Ave, NE 2 ST, and NE 3 ST which allows a developer to smartly situate different components like ground floor retail, parking entrance, loading bays and lobbies throughout different frontages thus allowing more flexibility for development. As Downtown Miami enters its next phase of growth, the 222 Downtown site offers an ideally situated location within all major drivers in the area. PROPERTY OVERVIEW Addresses: 222 NE 1 AVE, 50-60 NE 3 ST Miami Fl 33132 Site Size: +/- 45, 000 SF | 1.033 Acres Zoning: T6-80-O Frontage: NE 1 AVE- 150 FT, NE 2 ST – 200 FT, NE 3 ST – 100 FT Current Tenant: City Parking Inc. Price: Call For Offers Call for Offers Due: June 11th at 5:00 PM Submit Offers to: [email protected] 05 222 DOWNTOWN 222 DOWNTOWN 06 SECTION 02 222 PROPERTY DESCRIPTION PHOTOS OF PROPERTY 09 222 DOWNTOWN 222 DOWNTOWN 10 SECTION 03 222 ZONING ANALYSIS DEVELOPMENT OVERVIEW Zoning: T6-80-O Density Allowed: 1,033 Units / 2,066 Hotel Keys Gross Development SF: +/-1,080,000 As of Right | 50% additional Available with Bonuses (1,080,000 + 540,000 = 1,620,000 Dross Floor Area) FLR: FLR: As of Right 24 | 50% additional Above 80 Stories Max Height: Max Height: 80 Stories as of Right | Unlimited Stories With Available Bonuses with FAA Approval 13 222 DOWNTOWN 222 DOWNTOWN 14 DOWNTOWN + BRICKELL COMPARABLE SALES ADDRESS PROJECT NAME SALE LAND LAND BUILDABLE BUILDABLE $ / BUILDABLE $ / BUILDABLE RESIDENTIAL HOTEL PRICE PRICE ZONING PRICE SF $ / SF SF SF + BONUS PSF PSF + BONUS DENSITY KEYS PER DOOR PER KEY 222 NE 1 AVE 222 DOWNTOWN CALL FOR OFFERS 45,000 1,080,000 1,620,000 1,033 2,066 T6-80-O LAND COMPS SALE DATE 400 Biscayne Blvd Society PMG 01/18/2019 $55,000,000 50,094 $1,097.94 1,202,256 1,803,384 $45.75 $30.50 1150 2300 $47,826 $23,913 T6-80-O 90 SW 8 St Brickell Gateway 07/17/2017 $29,450,000 33,105 $889.59 595,890 834,246 $49.42 $35.30 380 760 $77,501 $38,751 T6-48b-O 300 Biscayne Blvd Way Aston Martin Residences 07/14/2014 $125,000,000 48,298 $2,588.10 1,159,152 1,738,728 $107.84 $71.89 1109 2218 $112,738 $56,369 T6-80-O 1399 SW 1 Ave 10/30/2020 $53,000,000 44,575 $1,189.01 980,650 1,372,910 $54.05 $38.60 512 1023 $103,586 $51,793 T6-48a-O 91 SW 3 St Covered Land Play -FedEx 07/21/2020 $63,000,000 20,098 $3,134.64 221,078 309,509 $284.97 $203.55 231 461 $273,090 $136,545 T6-48a-O 650 NE 2 Ave Bezel - Miami World Center 04/01/2019 $19,530,000 14,810 $1,318.70 162,910 244,365 $119.88 $79.92 170 340 $114,885 $57,443 T6-60a-O 300 Biscayne Blvd Waldorf Astoria Residences 11/14/2014 $80,000,000 43,995 $1,818.39 1,055,880 1,583,820 $75.77 $50.51 1010 2020 $79,209 $39,605 T6-80-O Building Total/Average $105.38 $72.90 $115,547.96 $57,773.98 Society PMG Brickell Gateway Aston Martin Residences Covered Land Play -91 SW 3 ST Bezel - Miami World Center Waldorf Astoria Residences 15 222 DOWNTOWN 222 DOWNTOWN 16 SECTION 04 222 AREA & MARKET OVERVIEW LOCATION HIGHLIGHTS • 4 Blocks South from the FTX Arena (Formerly known as American Airlines Arena) • Next to the Federal Courthouse NATIIVO PEREZ MIAMI WORLD E11EVEN ART MUSEUM • Next to Miami Dade College‘s Main Campus MARRIOTT CENTER RESIDENCES MARQUIS HOTEL • 2 Blocks East from Bayfront Park • 1 Block West from Miami Central which provides Access to Metrorail, Brightline, Metromover and FROST MUSEUM the upcoming Tri-rail Local Train MIAMI DADE OF SCIENCE COLLLEGE SAWYER’S • Easy Access to I -95. I-195 and I-395 LANDING • 6 Miles to The Port Of Miami and Cruise Terminal • 15 Minutes Away from Miami International Airport and Miami Beach • 4 Blocks from the Upcoming New Courthouse BAYSIDE BRIGHTLINE MARKETPLACE CENTRAL STATION 222 GRAND STATION DOWNTOWN SOCIETY WALDORF ASTORIA NIKOLA TESLA YOTELPAD 5TH INNOVATION HUB RESIDENCES RESIDENCES 222 DOWNTOWN 20 INVESTMENT HIGHLIGHTS DOWNTOWN MIAMI RESURGENCE Downtown Miami is experiencing an unprecedented moment— particularly when compared to its peers. Many downtown areas worldwide faced a decline in workers, shoppers, tourists, and residents in 2020 and into 2021. Over the same time, Downtown Miami became more desirable, received more interest, and is now more prominent than ever. New residents are moving in, and new-to-market companies are relocating to Downtown Miami. Entrepreneurs are opening innovative stores and restaurants. Companies are launching innovative services within Downtown Miami. Existing restaurants have embraced Miami’s enviable weather and expanded into the open air with the support and help of the Miami Downtown Development Authority, City of Miami, and Miami- Dade County. In addition to the people, the built environment is also rapidly changing. The Downtown Miami development pipeline remains strong. Downtown Miami’s ascent is partially due to the devaluing of legacy urban megapolises and the freedom that widespread remote work has afforded employees and companies alike. Downtown Miami presents many advantages over its northern and western coastal peers: lower taxes, including zero state income tax; a comparatively low cost of living; openness to a diversity of ideologies; mild, sunshine-filled winters and year-round beach access; laws and policies that support businesses and enable individuals to thrive in a safe and dynamic environment. People are noticing what Downtown Miami offers and are leaping at the opportunity to join us. According to Brookings, since 2000, Downtown Miami has seen the fastest urbancore population growth rate in the United States. The secret is out. Francis Suarez, the 43rd mayor of Miami, says Miami is benefitting from “a moment turning into a movement.” Mayor Suarez explains what makes this movement unique: the mix of people and companies coming to the city. Miami is witnessing hedge funds, private equity, venture capital firms, angel investors, and founders all coming to Miami at the same time. The mayor points to this combined migration as a critical differentiator of what Miami is experiencing and what Silicon Valley, Boston, and New York City experienced previously. 21 222 DOWNTOWN 222 DOWNTOWN 22 INVESTMENT HIGHLIGHTS REAL ESTATE DEVELOPMENT IN DOWNTOWN MIAMI SUBMARKET The lack of availability of development sites in the Brickell Area has pushed developers to focus in the Downtown Area of Miami. In the Past two years there are multiple drivers for this resurging neighborhood including: The completion of Miami Central which is downtown’s central Train Station for the Brightline high-speed rail service and the for Tri-Rail local train line. The progress of the Miami World Center large scale mixed use development which encompasses 30 Acres and features hotels, office, high street retail,luxury condos and multifamily developments that are being built in multiple phases. EXISTING INCOME IN SITE The site is currently leased to City Parking Inc. which allows a potential buyer to generate income on the site while they plan their development and get it approved. 23 222 DOWNTOWN 222 DOWNTOWN 24 DOWNTOWN INFRASTRUCTURE PROJECTS BRIGHTLINE’S MIAMICENTRAL - TRAIN STATION MiamiCentral spans over six downtown city blocks delivering the true mixed-use urban experience Miami has been waiting for. Featuring Central Fare, Downtown Miami’s food hub, as well as 800+ rental residences, uniquely connected urban offices, retail space, and a major transit hub providing both local and multi-city transit options, MiamiCentral is transforming Florida’s urban landscape forever. FLAGLER STREET BEAUTIFICATION PROJECT The City of Miami’s Office of Capital Improvements, in partnership with the Flagler District BID and the Miami Downtown Development Authority (Miami DDA), is working to transform Flagler Street into an iconic, festival-style boulevard and enhance its operations and activities. Create a festival street from Biscayne Boulevard to NW 1st Ave by raising the road to the same grade as the sidewalks, changing it to a curbless street, and adding pavers in the vehicular travel lanes. This project will deliver an enriched pedestrian experience with expanded sidewalks, large shade trees, outdoor café dining, improved LED lighting, signage, public art, and seating.

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