In 2007, the Miami-Dade County Board of County Commissioners adopted Ordinance No. 07-05, which created a voluntary Workforce Housing Development Program in order to encourage development of land available for residential use targeted towards the workforce income group. The program allows real estate developers to obtain density and intensity development bonuses by providing either workforce housing units (WHUs) or a monetary contribution to the Miami-Dade County Affordable Housing Trust Fund. In 2016, the Miami-Dade County Board of County Commissioners adopted Ordinance No. 16-138, which updated the Workforce Housing Development Program by amending certain provisions of the County’s existing voluntary program by enhancing the bonuses and incentives available under the program. Continue Reading
After last month’s meeting with Democratic leaders in the House and Senate, President Trump’s $1 trillion infrastructure plan has become $2 trillion. As the legislature continues to digest the plan, many are beginning to raise questions about the plan’s viability. The fundamental issue is a predictable one–$2 trillion is a big number, and legislators are having trouble deciding how to pay for it. Continue Reading
On June 5th, ULI SE Florida/Caribbean and Bilzin Sumberg hosted the South Florida Opportunity Zone Forum. Attendees gained valuable insights into the forces shaping our industry and were the first to hear about the results from our recent South Florida Opportunity Zone survey while networking with the people making the most important opportunity zone deals.
The Forum touched on topics including: strategies to unlock transformative economic potential and create lasting change in South Florida’s blighted neighborhoods; IRS and Florida’s legislation as it pertains to the governance of Opportunity Zones and related investment issues; the greatest benefits and obstacles for investing in an Opportunity Zone; and which asset classes are most ripe for development on OZ legislation. Continue Reading
In 2016 the City of Coral Gables introduced its new Green Fleet of 20 electric Nissan Leaf vehicles. The City of Coral Gables currently has a total of 43 electric vehicles in its fleet which is one of the largest government electric vehicle fleets in the State of Florida. The City’s goal is to have a fleet of 78 electric vehicles by fiscal year 2021. It should come as no surprise then, that the City of Coral Gables is now joining municipalities across Miami-Dade County, and the country, in encouraging the installation of electric vehicle (EV) charging stations in new real estate development projects.
The City of Coral Gables recently amended its Zoning Code to obligate that 2% of required off-street parking be reserved for EV charging stations for almost all new commercial projects in the City. The 2% EV charging station law applies to all real estate development projects that require twenty (20) or more off-street parking spaces are required for a commercial project. Continue Reading
In CUBE 3585, LLC, v. CITY OF MIAMI, et al., Circuit Court, 11th Judicial Circuit (Appellate) in and for Miami-Dade County[i], an appeal was filed by Cube 3685, LLC (“Cube”) from proceedings involving application for a zoning waiver[ii] for a demolition permit with the required tree survey to demolish the single-family residence (cottage).
The City of Miami Zoning Administrator (“Zoning Administrator”) approved the Waiver with conditions under section 3.3 Appendix A of Miami 21 Zoning Code (“Zoning Code”)[iii] to allow the demolition. That decision was successfully appealed, under Article 184.108.40.206(e) of the Zoning Code to the Planning, Zoning, and Appeals Board (“PZAB”) of Respondent City of Miami (“City”).
In Miami-Dade County v. City of Miami, Circuit Court, 11th Judicial Circuit (Appellate) in and for Miami-Dade County (Case No. 18-000032-AP-01) [26 Fla. L. Weekly 800b], an appeal was filed by Miami-Dade County (the “County”) from proceedings stemming from plans to renovate the Coconut Grove Playhouse. The Court ultimately ruled that the City of Miami departed from essential requirements of the law when it found that city residents were an “aggrieved party” and therefore had standing to challenge the City of Miami’s Historical and Environment Preservation Board decision. Further, the Court also importantly found the County was not afforded procedural due process as the County was not afforded notice of the relevant hearing and an opportunity to be heard during the proceeding. Adequate notice requires that the scope of the hearing be properly identified and therefore, the City exceeded the scope of the hearing by including the interior of the building in its decision to grant the appeal. This violated the County’s procedural due process. Continue Reading
Urban cities and developers alike are taking advantage of the modern utility and benefits of shared parking. Particularly in mixed-use projects, shared parking can deliver more affordable development, reduce construction waste, improve building aesthetics, and also reduce traffic. In the world of real estate development where solutions to housing affordability, massing aesthetics, and construction waste are difficult to find, shared parking assists in all these core challenges.
As a land use strategy, shared parking plainly optimizes parking capacity and prevents costly construction waste. As a result, shared parking can be used to greatly lower the costs of real estate development by lowering the amount of parking required especially for mixed-use real estate developments. Additionally, shared parking also has significant aesthetic benefits by reducing the bulk and mass of structured parking garages. Continue Reading
With the issuance of the long-awaited Opportunity Zone regulations by the U.S. Department of the Treasury on April 17, 2019, real estate investors, owners, and operators in the State of Florida are anxious to seize the “opportunities” afforded by the Opportunity Zone program, which will offer participants significant tax benefits.
While the Opportunity Zone program appears to hold a lot of promise, there are many uncertainties and nuances under the newly issued Opportunity Zone regulations, including the interplay between such tax benefits and other incentive programs, and the impact on investors, owners and operators currently engaged in business within designated opportunity zones.
Bilzin Sumberg and ULI SE are conducting a brief, 13-question survey among developers, investors and other professionals who specialize in real estate and finance in Florida, to delve into how the industry is thinking about the program. Continue Reading
In 2017, President Trump issued an executive order entitled “Buy American and Hire American” which stated a commitment to do just that. Earlier this year, expanding on this policy, President Trump issued an executive order entitled “Strengthening Buy-American Preferences for Infrastructure Projects.” This order requires federal agencies to encourage contractors working on infrastructure projects that receive federal grants or loans to purchase domestically produced materials. Pursuant to the order, agencies are required to begin encouraging use of domestic products by May 1st, and requires submission of an implementation plan by May 31st. Continue Reading
Although public-private partnerships (P3s) have become a leading method of delivering infrastructure in several countries throughout the world, including Canada, P3s are often met with skepticism in the United States. Even though there is an ever-growing list of P3 successes (including several multi-billion dollar infrastructure projects that were completed ahead of schedule and below budget, such as the Ohio River Bridges, the LBJ Freeway in Dallas, and I-595 Express Lanes here in South Florida), the hiccups are often what garner the most press. The failed I-69 road P3 in Indiana, for example, continues to be held out as a failure of the P3 model—a 2017 Wall Street Journal article referred to the project as a “black eye to private investment in infrastructure”—but it is worth putting that failure in the context of failures of the traditional public procurement model for infrastructure delivery. Continue Reading