Multifamily Residential with Public Employee Apartments at City-Owned Properties Located at 900-950-1000 E 56th Street and 555-5601 E 8th Avenue, Hialeah, FL

The City is seeking qualified firms for a long-term transactional structure, which may include a ground lease, joint venture, master lease, or other alternative or public-private partnership structure, for the approximate six-(6)-acre portion (the Subject Parcel) of the City-owned property consisting of approximately 50.49 acres property bordered by East 8th Avenue to the west, East 56th Street to the north, the railroad tracks to the east and the canal to the south (the Parent Tract), for development and operation as a multifamily residential or mixed-use building with a public employee housing component. (the Project) The Subject Parcel is located in the southwest quadrant abutting East 8th Avenue and is generally depicted in the sketch attached hereto as Exhibit A in theATTACHMENTS. The development of the Subject Parcel will serve as an initial phase or catalytic component of the Citys broader and master planned City Center. A core objective of this RFP is the provision of long-term housing opportunities for public sector or City employees. The City seeks proposals that reserve a defined portion of residential units at preferential, rental rates for a term (30 years or more) or through an alternative structure proposed by the Proposer, allowing the City to offer affordable and predictable housing as a workforce recruitment and retention tool. The City envisions utilizing this as a recruiting tool to keep the best and brightest in Hialeah for the long-term with low-cost leases within a vibrant City Center development. The City seeks to reserve a minimum number of units for long-term rent from the selected Proposer at a longterm, favorable, reduced (below market) rental rate (or alternative arrangement), which the City will then sublease to public sector employees. To supplement the preferential rent, the City will create a fund to receive ground lease rent (or other Project revenue streams) from the Project, which will be used to offset all or a portion of City employees rent payments in order to attract and retain quality talent to the City. The City seeks assistance and/or management from the selected proposer in operating and leasing City controlled units in the event public sector employees are unavailable. In order to ensure long-term flexibility and potential funding participation, the City reserves the right to assign and/or partner with other governmental or quasi-governmental entities to participate in administering the Citys units, including through an assignment of a portion of its interest in the transactional documents or ground lease and/or other profit-sharing agreement. The Project is the first phase of a master-planned, multi-phase development of the Parent Tract as a mixed use City Center projected to consist of multifamily residential, entertainment, food and beverage, office, retail, and transit-supportive uses, with retail frontage on East 8th Avenue and development of a destination Tri-Rail station on its eastern flank. The Parent Tract is not intended to contain a City Hall, but may contain satellite government offices and/or facilities. The selected Proposer will be responsible for all design, development, construction, financing, and operation of the Project. The Project must provide all required parking and meet all applicable zoning requirements. The Proposer will be responsible for meeting all planning, zoning, subdivision, and environmental requirements of the proposed Project, but may seek to modify existing land use and zoning, and other zoning entitlements to guide the Projects construction. To ensure the Project fits in context with the Parent Tract, Proposers are asked to provide a conceptual master plan for the Parent Tract. The City envisions a vibrant City Center on the Parent Tract that should consist of multifamily residential, entertainment, food and beverage, office, retail and transit-supportive uses with retail frontage on East 8th Avenue and development of a destination Tri-Rail station on its eastern flank. The Proposer should consider the interaction of the Subject Parcel with the Parent Tract and propose a conceptual master plan that includes the intended mix of uses and is based on Transit Oriented Design principles that leverage existing and future transit opportunities, including connectivity to Tri-Rail. The conceptual master plan is not the subject of this RFP, but will be used to better understand and evaluate the Proposers Project as it relates to the remainder of the Parent Tract. Proposers are encouraged to propose their preferred structure for maximizing the Citys primary intention to make units available to public sector employees at significantly reduced rates. The City is open to considering long-term transactional structures, which may include a ground lease, joint venture, master lease, or other alternative or public-private partnership structure, in exchange for public benefits and accomplishment of the Citys goals. The City is open to innovative approaches for design, ownership structure, and revenue sharing all in furtherance of the Citys primary goal of providing essential housing for its employees at an affordable cost. While the City has a defined vision for the long-term master development of the Parent Tract, it is seeking innovative, market-responsive proposals that demonstrate creativity in site design, building program, deal structure, and financial feasibility, while remaining consistent with the Citys goals and public policy objectives. Proposals will be evaluated based on qualifications, development approach, and overall financial and public value to the City.