Statura IntelligenceApprove $26.6M promissory note for Miami Beach Club development bonuses
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A Resolution of the City Commission of the City of Sunny Isles Beach, Florida, Approving the Terms and Conditions of a Promissory Note for the Payment of Approved Bonuses and Transferable Development Rights (TDRs) in the Amount of $26,649,849.59 for the Approved Site Plan Application (PZ2025-08) Submi ed by MB Re Investments, LLC, for the Project Entitled “Miami Beach Club” Consis ng of a Sixty-two (62) Story Residen al Condominium Tower with 524,212.8 Square Feet of Floor Area, Including a 2,390 Square Foot Private Restaurant, and 145 Residen al Dwelling Units; Providing the City Manager with the Authority to Do All Things Necessary to Effectuate This Resolution; Providing for Severability; Providing for Repealer; Providing for an Effec ve Date.
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