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TABLE OF CONTENTSEXECUTIVE SUMMARY • Status Update........................................................................................................................................................5 • Compliance...........................................................................................................................................................9 • Parking.................................................................................................................................................................. 11 • Zoning...................................................................................................................................................................13 • Financials..............................................................................................................................................................15 • Traffic..................................................................................................................................................................... 171. DEVELOPMENT TEAM & CAPABILITY (15%).................................................................................................212. CONTRIBUTE TO THE VITALITY, AMENITY AND ECONOMIC ACTIVITY OF THE CDB (20%) ........353. ENHANCEMENT OF THE PUBLIC PARKING IN A COST-EFFECTIVE MANNER (25%)........................ 594. LIKELIHOOD OF FEASIBILITY (20%)...............................................................................................................67 • Schedule...............................................................................................................................................................735. FINANCIAL RETURN TO THE CITY (15%)......................................................................................................75 3
STATUS UPDATEON 12/1/2016, THE EVALUATION COMMITTEE SCORED THE STAGE II RFP AS FOLLOWS:#1 279/280#2 261/280 CORAL GABLES CITY CENTER (Version 1, 2 & 3)#3 260/280#4 210/280 TC GABLESThe Evaluation Committee recommended the City Commission proceed to negotiations with Coral GablesCity Center for the development of Garage 1 and 4. 5
E xecutive SummaryWhy should Coral Gables City Center be selected todevelop the Garage 1 & 4 properties and the public parking resources of the City of Coral Gables ?
I. COMPLIANCE WITH THE RFP REQUIREMENTS• The Coral Gables City Center team submitted a comprehensive proposal whichCOMPLIED WITH ALL THE REQUIREMENTS outlined in the Stage I and Stage IIRFPs; including (1) height limits, (2) FAR Density and (3) no City financing.• The other proposer violated these and other RFP requirements by proposing atower with more than twice the current height limit on Miracle Mile and requiringthat the City finance 100% of the garage construction. 9
II. PARKINGParking is an integral part of the Coral Gstatistics:1,569 Total Parking Spaces included in th1,000 Total Parking Spaces owned by the proposal 692 Yearly “Peak Demand” of Public Par City of Coral Gables downtown Pa 1,047 AVERAGE PUBLIC PARKING SPACE proposal during the yearly “Peak De The Coral Gables City Center preferred proposal utand permitted by both the RFP and the City of CoraStandards).Please see “Parking and FAR Compliance Memo,” radditional information.
Gables City Center proposal; these are the key OPEN TO CONTINUEhe CGCC preferred proposal City of Coral Gables at all times in the CGCC preferred rking spaces in Garage 1 & 4 as noted by Tim Haahs in the arking Study ES AVAILABLE per 24 hour period in the CGCC preferred emand”tilizes the shared parking methodology that is encouragedal Gables Code (Section 5-1410 : Shared Parking Reduction received by City of Coral Gables staff on 10/13/2016, for 11
SETBACK COMPARISON CitycenterAragon Ave. 161' ± 164' ± 153' ± 164' ± Miracle MileSETBACKSETBACK SETBACK SETBACK Andalusia Ave. Aragon Ave. Miracle Mile Andalusia Ave. 108' ± 62' ± 110' 116' ± 62' ± 110'10 Aragon Westin Colonnade ALLEY ALLEY Coral Gables Coral Gables City Center City Center Garage 4 Garage 1*With exception of Coral Gables City Center, Alhambra Tower, Mediterranean Village and The Biltmore Hotel, all heights are estimated measurements taken from Google Earth.
BUILDING SIZE COMPARISON Within Community Standards & Zoning for Height, Density and FAR Citycenter Appropriate and Comparable for our Downtown Will “Anchor” Miracle Mile with World Class Iconic Architecture Will define downtown Coral Gables as a “Destination Location” Will bring the Synergism to create our Sustainable/Walkable Live-Work-Play Community400’ 176’ ± HEIGHT 232’ ± HEIGHT 297’ ± HEIGHT 265’ ± HEIGHT 297’ ± HEIGHT 317’ ± HEIGHT300’ 560’ ± LENGTH 550’ ± LENGTH 739’ ± LENGTH 350’ ± LENGTH 259’ ± LENGTH 920’ ± LENGTH200’100’ Westin Colonnade Coral Gables Mediterranean Village Coral Gables Alhambra Biltmore Hotel City Center (Approved 2015) City Center Tower 186’ ± HEIGHT 400’ ± LENGTH Garage 4 Garage 1 10 Aragon*With exception of Coral Gables City Center, Alhambra Tower, Mediterranean Village and The Biltmore Hotel, all heights are estimated measurements taken from Google Earth.
III. ZONING4.340 FAR of the preferred Coral Gables City Center proposal on the permitted RFP site area (inclusive of mandatory paseos, alleyways and encroachment) Maximum FAR permitted by City of Coral Gables 4.375 The CGCC preferred proposal on the RFP site area (including garage footprints,mandatory paseos, alleyways and Andalusia encroachment) COMPLIES WITHALL FAR AND OTHER ZONING REQUIREMENTS currently in place by the Cityof Coral Gables Zoning Code.Please see “Parking and FAR Compliance Memo,” received by City of CoralGables staff on 10/13/2016, for additional information.OPEN TO CONTINUE 13
CITY & DEVELOPMENT TEAM BENEFITSCity of Coral Gables Benefits Coral Gables City Center Benefits• ZERO Capital Investment • 20,000 SF of City Administrative Offices • Fee Simple Ownership of Garage 4 Residential • Air Rights above Garage 1 for Office Building• ZERO Construction Risk • Maintenance Contribution • Shared Parking Revenue • Fee Simple Ownership of Ground Floor Retail• Shared Parking Revenue • Green Building and Reduced Carbon Emissions • Shared Access to City Parking Spaces• 1,000 Public Parking Spaces • World Class Iconic Architecture• Fee Simple Ownership of Garage 1 Land • Public Art• State of the Art, Smart Parking Guidance System • A True Live, Work, Play Environment for All (4) City Owned Garages in the CBD • A Walkable Downtown on Miracle Mile • Reduced Nuisance Traffic 15
IV. FINANCIALS• The Coral Gables City Center proposal is the ONLY submittal which requiresa financial contribution from the City of Coral Gables of ZERO DOLLARS whileproviding the most significant, unmatched benefits• PRESENT VALUE CASH FLOW analysis shows the Coral Gables City Centerproposal to be FAR SUPERIOR• Please see “Comparison of Financial Benefits to the City,” received by the Cityof Coral Gables staff on 11/29/2017, for additional informationOPEN TO CONTINUE 15
V. TRAFFICTRAFFIC WILL ACTUALLY BE DECREASED by the installation of a Parking Guidance System, as well as, walkablecorridors between proposed office, residential, retail and Miracle Mile“The Coral Gables City Center is the type of redevelopment that the City of Coral Gables should be embracing:a mixed-use project with residential, offices, and retail. Bringing residential units adjacent to a renovatedMiracle Mile and to downtown Coral Gables gives people the opportunity to live, work, and play without usingtheir automobile. Residents or people that work at the offices at the CGCC will be able to walk to fine dining,retail uses, the grocery store and their bank. If they don’t work in the city, these residents will be able to takethe Coral Gables Trolley to the Metrorail to get to downtown Miami. From a traffic standpoint, the CGCC iswell positioned to give these residents a lifestyle that does not necessarily require an automobile.” Timothy J. Plummer, PE, DAVID PLUMMER & ASSOCIATES 17
RFP STAGE II OVERVIEWRFP No. 2014.10.23: cORAL GABLES CITY CENTERCATEGORY POINTSI. Capability of the Proposer 20%& Development TeamII. Contribute to the Vitality, Amenity 20%and Economic Activity of and in the CBDIII. Enhancement of the Public Parking 25%Supply in a Cost-Effective MannerIV. Likelihood of Feasibility 20%V. Financial Return to the City 15% 100% 19
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1 1 Development Team & Capability 20% Evaluation Criteria “We know the business, we know the market, we know each other”. STEVE PATTERSON 21
QUALIFICATIONSThe Allen Morris Company and The Related Group have over 95 years of experience and hundreds of successfulprojects. IN FACT, BOTH FIRMS HAVE EXPERIENCE IN DEVELOPING LARGE SCALE, MIXED-USE CITY CENTERS. Welcome to the Coral Gables City Center To view video, visit www.cgcitycenter.com 23
W. ALLEN MORRIS DENNIS M. SUAREZ GORDON CROZIER KEVIN BLAKEY MALLORI MORRIS CHAIRMAN & CEO DIRECTOR OF DIRECTOR OF DIRECTOR OF ASSISTANT DEVELOPMENT DEVELOPMENT INVESTMENTS CONSTRUCTION MANAGER 1. Development Team & Capability / The Proposer24
JORGE M. PÉREZ STEVE PATTERSON MATT FLOWERS JESSICA SUAREZ MARK H. CARPENTERCHAIRMAN & CEO THE PRESIDENT & CEO DIRECTOR VICE PRESIDENT DEVELOPMENT RELATED GROUP RELATED DEVELOPMENT OF ACQUISITIONS OF DEVELOPMENT ASSOCIATE 25
DIX.HITE Arva Moore DAVID PLUMMER Parks & ASSOCIATES + pa r t n e r s landscape architecture urban design land planningJOHN A. CUNNINGHAM CHRISTINA HITE ARVA MOORE PARKS JIM CORBETT TIMOTHY J. PLUMMER MANAGING PRINCIPAL, PRESIDENT, AUTHOR, PARKING PRESIDENT, LEAD ARCHITECT LEAD LANDSCAPE DESIGN HISTORICAL CONSULTANT CONSULTANT LEAD TRAFFIC ENGINEER 1. Development Team & Capability / The Proposer26
Laura Russo LawAnthony De Yurre Albert E. Dotson Jr. Laura russo Attorney at law Attorney at Law Attorney at Law 27
CAPABILITY OF The Allen Morris Company & The Related Group have:THE PROPOSER &DEVELOPMENT TEAM • OVER 95 years of combined experience • Developed OVER 150 Highly Successful, Large Scale Office, Retail, Mixed-Use, Residential and Hotel Properties • Over 100,000 Residential & Hospitality Units • Over 3,500,000 SF of Class A Office Space • Over 1,500,000 SF or Retail • OVER $3 BILLION of Asset Value created within the past 5 years alone • Developed the highest $/SF Office in the City of Coral Gables (Alhambra Towers) • Developed the highest priced Apartments in the City of Coral Gables (Residences at Merrick Park) • Completed every single project after groundbreaking 1. Development Team & Capability / The Proposer28
ALHAMBRA TOWERS CORAL GABLES, FLOffice (SF GLA) 166,000Retall (SF GLA) 6,500Structured Parking 570• Financial Partner: Wells Fargo• Lead Design Architect: John Cunningham, AIA• Results of the Project: Completed in 2002 29
MAITLAND CITY CENTREMAITLAND, FLApartments Units 244Retall (SF GLA) 32,000Structured Parking 481• Financial partners: SunTrust; TD Bank; Mesirow Financial• Lead Design Architect: John Cunningham, AIA• Results of the project: To be Completed in 2018 1. Development Team & Capability / The Proposer30
CITYPLACE DORAL MIAMI, FLApartments Units Phase I 398Structured Parking 540Single Family Homes 150 Phase II (Under Construction)Apartments Units 303Retail (SF GLA) 250,000Structured Parking 1,850* * with innovative Smart Parking System• Financial Partners: Prudential; Regions Bank• Lead Architect: Arquitectonica• Results of the Project: To be Completed in 2017 31
RESIDENCES AT MERRICK PARKCORAL GABLES, FLApartments Units 120Structured Parking 150• Lead Architect: Perkins + Will• Results of the Project: Completed in 2005 1. Development Team & Capability / The Proposer32
SLS LUX BRICKELL MIAMI, FLJointly Developed by The Allen Morris Company & The Related GroupHotel Suites 84Apartments Units 450Retall (SF GLA) 20,000Structured Parking 750• Financial Partners: Rockpoint; TPG• Lead Architect: Arquitectonica• Results of the Project: 99% Sold; To be Completed in 2017For more on The Allen Morris Company visit: www.allenmorris.com For more on The Rleated Group visit: www. relatedgroup.com 33
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2 C ontribute to the Vitality, 2 Amenity, and Economic Activity of and in the CBD 20% Evaluation Criteria “We want to inspire people with the beauty of our projects, to impress them with the excellence of our services, and to improve the lives of all those we touch”. ALLEN MORRIS 35
VITALITYThe Coral Gables City Center proposal was created with the inspiration of the Economic Mission of The City ofCoral Gables: SUSTAINABLE, LONG-TERM economic vitality which enhances the quality of life for residents,workers and visitors alike. Welcome to the Coral Gables City Center To view video, visit www.cgcitycenter.com 37
Coral gables “Dedicated to positioning Coral Gables foreconomic Mission sustainable, long-term economic vitality that enhances the quality of life of residents and strengthens the business environment.” - Coral Gables Economic Development DepartmentCoral Gables City • Increase Quality of TenantsCenter: Core Strategy • Increase Occupancy Ratesfor Miracle Mile • Increase Property Values • Increase City Revenue 2. Contribute to the Vitality, Amenity, and Economic Activity of and in the CBD38
How will coral • Adding approximately 600 NEW OFFICE WORKERSgables city who are just an elevator ride away from Miracle Milecenter GENERATEPATRONS? • Adding approximately 450 FULL-TIME RESIDENTS who are just an elevator ride away from Miracle Mile • INCREASING PEDESTRIAN ACTIVITY Day & Night through Paseos and Connective Retail • CREATING A SUSTAINABLE, WALKABLE COMMUNITY where people can live, eat, shop, unwind, work, and play, without venturing far 39
How will Coral • Providing New Office Space attracting MultinationalGables City EnterprisesCenter ACTIVATEPEDESTRIAN AREAS? • Curating the connection of Andalusia to Miracle Mile through top quality Retail and World Class Restaurants • Attracting a rich selection of tenants by offering the best in luxury living, with unmatched amenities, rooftop gardens and boutiques • Transforming unattractive alleyways into Pedestrian- Friendly Paseos & activated Service Courtyards 2. Contribute to the Vitality, Amenity, and Economic Activity of and in the CBD40
HOW WILL CORAL • Implementing New Hi Tech, State-of-the-Art ParkingGABLES CITY GaragesCENTER MINIMIZETRAFFIC? • Reducing “Nuisance Vehicular Traffic” in the CBD by installing a guidance system to available parking • ELIMINATING up to 30% of traffic circling downtown looking for parking • MINIMIZING Parking Search Times by up to 50% • Introducing a Proprietary City Mobile Application to connect all parking resources (which NO ONE HAS SEEN BEFORE) • Encouraging a SINGLE VEHICLE TRIP to work, shop, dine, go to a show or meet friends after hours 41
How will CORAL • Providing World Class Architecture which EMBRACESGABLES CITY THE VISION OF GEORGE MERRICK’S DREAM FORCENTER enhance THE CITY OF CORAL GABLESthe HIGH QUALITYARCHITECTURE of • Showcasing the City of Coral Gables from thethe CBD? proposed Sky Park, Sky Café and Residential Amenity Terraces • Preserving and enhancing the Downtown Overlay Plan • PROTECTING THE 1-2 STORY HUMAN SCALE AMBIANCE on Miracle Mile 2. Contribute to the Vitality, Amenity, and Economic Activity of and in the CBD42
What makes the architectureof Coral Gables special andhow did it Influence the designof Coral Gables City Center?
SpanishANTIQUITY:Massing,Composition& AestheticQuality 45
Rich detailing 2. Contribute to the Vitality, Amenity, and Economic Activity of and in the CBD46
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