Summary of Specifications:
FOR A PUBLIC-PRIVATE DEVELOPMENT IN MIAMI BEACH ON NORTH LINCOLN LANE, BETWEEN ALTON ROAD AND MERIDIAN AVENUE, INCLUDING CITY-OWNED PARKING LOT #25 ON 17TH STREET AND LENOX AVENUE, PARKING LOT #26 ON NORTH LINCOLN LANE, BETWEEN LENOX AVENUE AND MICHIGAN AVENUE, AND PARKING LOT #27 ON NORTH LINCOLN LANE BETWEEN JEFFERSON AVENUE AND MERIDIAN AVENUE. The Lincoln Road area continues to be a growing concentration of retail, restaurant, and business activity in the City. As the demand for space on Lincoln Road itself continues to increase, lease rates have also increased significantly, resulting in some retailers potentially being “priced-out” of Lincoln Road. This dynamic has lead several property owners to propose opportunities to accommodate potentially displaced retailers on a newly developed North Lincoln Lane location, at competitive lease rates. The City seeks Proposals from development teams which have a proven experience in public-private developments, and have the financial resources and professional expertise to deliver the highest quality and economically feasible project(s). In assembling a site (or sites) for possible public-private development opportunities, Proposers may consider privately owned properties on North Lincoln Lane, and/or one or more of the following City-owned parcels, to include as part of the proposed development (See also Site Map on page 14 of the RFP): A. Parking Lot #25, located on the southwest corner of 17th Street and Lenox Avenue, (37,500 square feet and currently with 86 parking spaces); B. Parking Lot #26, located on North Lincoln Lane, between Lenox Avenue and Michigan Avenue, (41,600 square feet and currently with 107 parking spaces); and C. Parking Lot #27, located on North Lincoln Lane, between Jefferson Avenue and Meridian Avenue, (54,000 square feet and currently with 144 parking spaces). Proposers are advised that the City-owned parcels referenced in Subsections (A) – (C) above are subject to Section 1.63 (b)(2) of the Miami Beach Charter, inasmuch as any sale, exchange, conveyance or lease of ten (10) years or longer of any or all of such properties by the City shall also required approval by a majority vote of residents in a City-wide referendum.
