It is recommended that the Mayor and City Commission of the City of Miami Beach, Florida, authorize the issuance of Request for Proposal (RFP) 2023-115-KB for the redevelopment of the City-owned building located at 1940 Park Avenue (The Barclay).

On April 6, 2022, the Mayor and City Commission approved the recommendation of the Finance and Economic Resiliency Committee to direct the Administration to develop a Request for Proposals (RFP) for the development of the Barclay Plaza Apartments located at 1940 Park Avenue (The Barclay).

The Barclay property sits on a City-owned lot that is 170 feet wide, with varying depths from 143 feet to 213 feet, for a total of 26,250 SF. The property includes an L-shaped 3-story building occupying 41% of the Site.  The Site is bounded by Park Avenue on the east and Washington Avenue on the west. The Barclay has sixty-six (66) efficiency units, each with a bathroom, closet, and a small kitchen, that are not ADA-compliant. The building has been secured vacant since 2015, when it was transferred to the City by the Miami Beach Community Development Corporation (MBCDC). A Feasibility Study prepared by the Consulting Firm of MC Harry Associates in August 2021 stated that many components of the existing building envelope and all major building systems required replacement to extend the building's useful service life.

The property is zoned RM-2, Residential Multi-Family Medium Intensity. It is also a contributing structure within the boundaries of the Museum Local Historic District, which will require the development project to be approved by the Historic Preservation Board. Prospective bidders may choose to redevelop the existing pool and parking lot areas in compliance with applicable zoning regulations for the parcel. A current Boundary Survey and a Perpetual Easement governing pedestrian access through the property have been included here in Appendix F of the RFP for reference. The draft RFP is attached as Attachment A.

Through the RFP, the City seeks proposals from parties interested in entering into a public-private development agreement and ground lease agreement to design, build, operate and maintain the development. Developments could involve hotel or residential apartments or other zoning-appropriate uses including but not limited to office (e.g., general office space, tech hub), school campuses, etc. The City would consider the designation of a number of units as workforce housing as additional consideration and public benefit. The City will consider other conditional uses, subject to approval by the City's boards and the Mayor and City Commission.

Bidders may submit proposals for more than one different development option, provided that the Bidder submits a separate proposal for each option the Bidder is interested in pursuing. The scope of work and requirements of the RFP are more fully defined in the RFP attached as Attachment A.

Following the receipt of proposals, an Evaluation Committee will review proposals in accordance with the criteria established in the RFP.

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I recommend that the Mayor and Commission authorize the issuance of Request for Proposal (RFP) 2023-115-KB for the redevelopment of the City-owned building located at 1940 Park Avenue (The Barclay).