• 2007- Miami Beach passed and adopted Resolution 540-2007 (January 17, 2007) and 545-2007 (March 14,2007) for the acquisition by MBCDC of the premises for $5,692,400.00 funded through the Miami Beach Redevelopment Funds. The restrictive covenant stated that the property must be designated for affordable housing for the duration of 30 years and would return to the RDA if it no longer served as affordable housing.
• 2011- Mayor and City Commission passed and adopted 2011-27694 (CDBG-$75,018) and 2011-27638 (HOME-$500,000) for the rehabilitation of the Barclay.
• 2014-2015 – The Barclay was red-tagged by the City’s Building Department for repeatedly failing to complete its 40-year assessment. The Barclay was vacated of tenants by MBCDC that same year. Resolution 2014-28756 ratified the approval of MBCDC letter of intent with the City to purchase the following properties from MBCDC: Barclay Plaza Apartments, Lottie Apartments, Madeleine Apartments, Neptune Apartments. Resolution 2014-28877 reallocated CDBG and HOME dollars to acquire the properties from MBCDC. On January 30, 2015, the City closed on the purchase of the Barclay.  On February 2, 2015, the Barclay was a victim of arson and criminal mischief, further condemning the building.

• 2015 forward: After its acquisition, the City issued two Requests for Proposals (RFP) in search of a private workforce housing developer for the site after having held an industry meeting to gauge interest and concern regarding the building’s redevelopment as affordable workforce housing serving households earning no more than 140 percent Area Median Income. Unfortunately, there were no responsive respondents to these RFPs. When both RFPs seeking a private development partner failed, the City began to explore other uses for the property, including the site’s potential as an alternate home for non-profit agencies. In 2021, the City received a feasibility study for rehabilitating the Barclay Apartments, which included an appraisal. In December 2022, the City obtained another appraisal. It is worth noting that the 2021 feasibility study does not reflect the increase in construction/renovation costs in the market over the past year.

To View the Feasibility Study please visit: MCH-Barclay-Study-08-12-21_DRAFT.pdf

To View the Appraisal please visit: Barclay 2022 Appraisal.pdf