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City of Miami Beach

Meeting

Wednesday, May 4, 2022

What happened

Statura summary

This agenda was dominated by land use and real estate, and the biggest live issue was the city clearing the way for a $92.5 million private transaction at 1691 Michigan Avenue by authorizing the manager to decline the city’s right of first offer under the ground lease. That matters because it is not just a property sale. It is the city choosing not to step into a major Collins Park area deal, which tells owners and lenders the commission is willing to let private capital reset values there rather than tie up the asset itself. The other money item with immediate balance sheet significance was the proposed sale of the city owned parcel at 6175 Pine Tree Drive, paired with a separate resolution to call an August 23 special election on selling a 0.30 acre city site for a single family residence and related park improvements. That is the city monetizing small pieces of land, but only where voter approval is required. The broader policy fight was zoning. The heavy hitters were all still in the pipeline: Collins Park Arts District overlay changes for entertainment and cultural uses, apartment hotel conversion incentives in R PS1 and R PS2, CD 3 office height increases, Lincoln Lane North plan and height changes, and multiple alcohol hours ordinances and referrals. The real read is that the commission is still rearranging where growth, nightlife, and office product are supposed to go, block by block, before locking in final rules. Also notable, the city advanced mixed use redevelopment concepts for parking lots P25, P26, and P27 with Class A office space, approved routine budget and capital amendments, and kept the usual ceremonial, school support, and committee housekeeping moving in the background.

Statura-generated summary of the official agenda and minutes. Verbatim per-item votes and dollar figures are in the Agenda & votes tab.

Key decisions

  1. Decline right of first offer for 1691 Michigan Avenue sale
    Pending

    Would authorize the City Manager to decline the city’s contractual right of first offer under the ground lease, allowing a $92.5 million private sale to proceed instead of the city stepping into the transaction.

  2. Sale of city owned parcel at 6175 Pine Tree Drive
    Pending

    Would approve on first reading the sale of a vacant city parcel, turning a nonperforming public asset into sale proceeds and moving the disposition process forward.

  3. Special election on sale of 0.30 acre city owned land
    Pending

    Would place an August 23, 2022 ballot question before voters on selling city land for a single family residence and park improvements, shifting the decision from the dais to the electorate.

  4. Mixed use redevelopment term sheet for parking lot P27
    Pending

    Would approve a term sheet for redevelopment of city owned parking lot P27 with Class A office space, signaling that the city is using parking assets as development sites rather than preserving them only for parking.

  5. Mixed use redevelopment term sheet for parking lots P25 and P26
    Pending

    Would approve a second mixed use office redevelopment deal on city parking lots P25 and P26, reinforcing the city’s push to convert municipal parking land into higher value tax generating use.

  6. Height increase for office buildings in the CD 3 district
    Pending

    Would amend land development rules to allow taller office buildings in CD 3, a direct incentive for more office product and a likely value lift for sites that can assemble under the new envelope.

  7. R PS1 and R PS2 apartment hotel conversion incentives, LDR and Comprehensive Plan amendments
    Pending

    These paired ordinances would change both zoning rules and the Comprehensive Plan to incentivize apartment hotel conversions in R PS1 and R PS2, using code and plan alignment to make conversions legally workable.

  8. Collins Park Arts District overlay, entertainment and cultural uses amendment
    Pending

    Would revise the Collins Park overlay to change what entertainment and cultural uses are allowed, shaping the tenant mix and operating model for one of the city’s key arts adjacent districts.