BLOCK 55 Brochure

BLOCK55 SAWYER’S LANDING

Block 55 is the latest development by Swerdlow Group, a 1 million square foot mixed-use property. Block 55 will offer ±355,000 SF of retail space, approximately 1,050 parking spaces and 506 apartment units. Target will anchor the ground floor with a full service Starbucks and CVS pharmacy within its space. Additional co-tenants will include a health club, a grocer, multiple apparel concepts and hard goods. The first floor will also feature restaurants with outdoor seating along Sawyer’s Walk, a block-long dedicated park on the north side of the project. The parking garage was designed to provide customers with the most efficient shopping experience possible, located close to the street and low in the structure to allow themto exit their vehicles quickly and use multiple vertical transportation points to access the retail doors. The residential component will feature one- and two-bedroom apartments that are roughly 626 and 940 sf respectively. Residents will have a private pool and clubhouse on top of the retail podium. The project is designed by Arquitectonica, a world-renowned architecture firm headquartered in Miami. The developer of the project is Swerdlow Group, a major South Florida developer with over 40 years of experience. The general contractor is expected to be John Moriarty & Associates of Boston. John Moriarty recently completed the Brickell City Centre, a large urban mixed-use development located due south of Block 55. Construction is anticipated to begin in March 2020. Retail construction will take 24 months to complete, with the residential component being completed six months later.

PROJECT HIGLIGHTS

Miami ranks No. 4 in the nation for population growth, after Seattle, Austin and Fort Worth. # 4

MIAMI-DADE COUNTY TOTAL POPULATION 2.8 MILLION

POPULATION BY GENDER

POPULATION BY AGE

POPULATION DOWNTOWN MIAMI 262,944

MIAMI’S ANNUAL RETAIL SALES $46.8 Billion

39.1

FEMALE 51.5%

MEDIAN AGE

0 - 34 35 - 44 45 - 54 55 - 64

AGE BREAKOUT

AVERAGE HOUSEHOLD INCOME $70,349

DAYTIME POPULATION 347,702

MALE 48.5%

65 - 74 75 - 84 85+

PROJECT HIGHLIGHTS

• Developed by Swerdlow Group • 1 million square foot mixed-use property • 352,499-square feet retail • 506 apartment units • 1,050 on-site parking spaces • Direct access and visibility to I-95 with 185,000 vehicles per day • Located at NW 2nd Ave. and NE 6th St. in Overtown • Centered in a rapidly redeveloping area

• Public transportation: bus stop on site, one block from Virgin Train Station to West Palm Beach and Orlando, Miami Metrorail and Miami Metromover • Within two blocks from approximately 4,000 apartment units recently completed or under construction • Two blocks west of the 1,800 room Marriott Marquis hotel and convention center • Draws from the extensive trade area due to its proximity to I-95

DOWNTOWN MIAMI

Overtown is the historic center of the city currently undergoing a transformational evolution as a neighborhood bnding the trade area from Brickell to Midtown. Residential growth provides the perfect life work balance.

VEHICULAR ACCESS

EXIT 2B NW 2ND ST FROM NB I-95

ACCESSIBILITY

NW 1st Ave

evA dr3 WN

NW 9th St

I-95 ACCESSIBILITY Traveling South • I-95 southbound to NW 8 th Avenue, south to NW 6 th

NE 8th St

Street, exit 3B, east to NW 2 nd Street, west to Sawyer’s Landing

Metrorail

• Continuing south via I-95, travel west on NW 6 th

Street

to NW 3 rd

Avenue, north to NW 7 th

Street, west to NW

3 rd Court, south to I-95 entrance at NW 2 nd

Avenue

NW 1st Ct

NW 6th St

Traveling North • I-95 northbound to NW 2 nd

Street, exit 2B, east to NW

NW 4th Ave

NE 5th St

2 nd Avenue, west to Sawyer’s Landing • Continuing north via I-95, travel north on NW 3 rd

NW 2nd Ave

Avenue veer

to the left to the I-95 entrance.

tC dr3 WN

NW 1st Ave

NW 4th St

N Miami Ave

NW 3rd St

NW 2nd St

Miami River

NW 1st St

NW 1st St

W Flagler St

Public Transportation Traveling South

•From Miami International Airport, take the Dadeland South Station train to the Historic Overtown/Lyric Theatre Station, exit station and walk one block west to Block 55 Traveling North • From Brickell Station, take the Green Line Palmetto Station train to Historic Overtown/Lyric Theatre Station, exit station and walk one block west to Block 55

Convention Center

GOVERNMENT CENTER

1. PAMM 2. Frost Science Museum 3. Miami World Center 4. Marriott Marquis Convention Center 5. Bayside Marketplace 6. Bayfront Park 7. PORTMIAMI 8. Ross 9. Marshalls 10. Whole Foods

ACCESSABILITY

GROUND FLOOR

6

LEVEL 7

LEVEL 8

PARKING

WAYFINDING

115 ft -0 in

27 ft -1 in

27 ft -1 in

35 ft

35 ft -2 in

20 ft 20 ft 20 ft

61 ft -10 in

252'-0 1 / 2 "

205'-10"

WAYFINDING

DEMOGRAPHICS BY RADIUS

S

L

Demographics

1-Mile

3-Mile

5-Mile

DEMOGRAPHICS - By Radius

2019 Population

47,740

257,295

517,517

Demographics 2019 Population 10.2%

1-Mile 3-Mile 47,740 257,295 10.2% 6.5% 4.2% 71.0%

Change 2019 to 2024

6.5%

Race & Ethnicity

Change 2019 to 2024 68.4%

75.6% 13.8%

White Black

19.6%

20.4%

Race & Ethnicity White 36.0

38.6

39.3

Median Age

68.4% 75.6% 19.6% 13.8% $64,174

2019 Households

Black

Average Income

$44,821

$60,189

Median Age $220,303

36.0

38.6

Owned Home Value

$269,028

$264,891

2019 Households Average Income 86.2%

21,840 106,429 $44,821 $60,189 $220,303 $269,028 86.2% 74.6% 69.0% 45,164

Renter Occupied

74.6%

Business Overview

Owned Home Value Renter Occupied Business Overview Total Businesses Daytime Employees 7,105 153,129

Total Businesses

22,429

Daytime Employees

422,984

840,184

7,105 22,429 153,129 422,984

DEMOGRAPHICS

Source: Experian, Inc.

GREATER DOWNTOWN MIAMI Greater Downtown Miami Population Growth 2000 - 2021 POPULATION Greater Downtown’s population is 92,235 people in 2018. Population continues to grow steadily in Greater Downtown Miami. We estimate the population has increased by nearly 3,700 people since our 2016 estimate, or a 4%growth in two years. This equates to over 1,500 people moving to Downtown each year. Greater Downtown has grown by more than 38% since 2010. 2000 Census 2010 Census 2018 Estimate 2021 Projection Greater Downtown has grown by over 38% since 2010. Most of this growth can be attributed to recent development, which has added thousands of housing units to the market. As more residential units are delivered, Downtown increases its capacity for population growth. Because of this, we estimate Greater Downtown Miami will reach population of over 109,000 people by 2021. This equa es to a Figure 1: Greater Downtown Population Growth 19% change in population, or a 3.5% compounded annual rate of growth (CAGR). Greater Downtown Miami consists of 3.8-square miles of prime waterfront real estate in tropical Miami. It is bounded by Interstate 95 to the west, Biscayne Bay to the east, the Julia Tuttle Caus way (I-195) to the north, and th Rickenbacker Causeway to the south. Miami Downtown Development Authority (DDA) represents the urban core of Greater Downtown, which consists of three neighborhoods: the Brickell Financial District, the Central Business District (CBD), and the Arts & Entertainment District. Greater Downtown consists of the urban core in addition to Edgewater, Midtown, Wynwood, and historic Overtown. 40,466 66,769 92,235 0 20,000 40,000 60,000 80,000 100,000 Population Greater Downtown’s population is 92,235 people in 2018. Population Growth Population continues to grow steadily in Greater Downtown Miami. We estimate the population has increased by nearly 3,700 people since our 2016 estimate, or a 4% growth in two years. This equates to over 1,500 people moving to Downtown a year. 109,617 120,000

Midtown

Edgewater

Wynwood

Overtown

A&E District

Table 1: Population Trends in Greater Downtown Miami

Greater Downtown Population Trends

Area

2000 Census 2010 Census 2018 Estimate 2021 Projection

Arts & Entertainment

4,432

9,079

13,072 41,337 13,856*

15,775 51,921 15,060

Brickell

12,904

26,472 11,108

CBD

4,901 5,841 4,175 7,000 1,303

Edgewater Midtown Overtown Wynwood

6,097 5,647 6,736 1,630

6,930 8,464

7,580

10,003

CBD

7,000*

7,721 1,557

1,576

Greater Downtown

40,556

66,769

92,235

109,617

Source: ESRI BAO; Synergos PopStats; Miami DDA

*Numbers were corrected from 2016 report given new information

Table 2: Greater Downtown Miami Population Growth Rates

Greater Downtown Population Growth

2000-2010 2018-2021 % Change CAGR % Change CAGR % Change CAGR 104.9% 7.4% 44.0% 4.7% 20.7% 3.8% 105.1% 7.4% 56.2% 5.7% 25.6% 4.7% 126.6% 8.5% 24.7% 2.8% 8.7% 2.8% 4.4% 0.4% 13.7% 1.6% 9.4% 1.8% 35.3% 3.1% 49.9% 5.2% 18.2% 3.4% -3.8% -0.4% 3.9% 0.5% 10.3% 3.3i% 25.1% 2.3% -3.3% -0.4% -1.2% -0.2% 64.6% 5.1% 38.1% 4.1% 18.8% 3.5% 2010-2018

Area

Arts & Entertainment

Brickell

Biscayne Bay

CBD

Brickell

Edgewater Midtown Overtown Wynwood

Greater Downtown

Source: ESRI BAO; Synergos PopStats; Miami DDA

4

Age Composition

POPULATION DISTRIBUTION More than 65% of all Greater Downtown residents live within the urban core: 45% living in Brickell, 15% in the CBD, and 6% in the A&E District. Outside of the urban core and within Greater Downtown, Edgewater is the most populated neighborhood, encompassing 15% of the population. Wynwood has the smallest portion of residential population: only 2% of all Greater Downtown residents. Map 1 shows residential density by Census Block Group and is color-coded by neighborhood for Greater Downtown Miami. The “tallest” block groups can be found in Midtown, Brickell, and the CBD. In Midtown, the densest block group has a density of 900 people per square mile. Brickell’s densest block group has a density of 850 people per square mile. The CBD’s densest block group has a density of 450 people per square mile. Po ulation Distr bution Over 65% of all Greater Downtown residents live within the urban core with 45% living in Brickell, 15% in the CBD, and 6% in the A&E District. Outside of the urban core and within Greater Downtown, Edgewater is the most populated neighborhood with 15% of the population. Wynwood has the smallest portion of residential population with only 2% of all Greater Downtown residents. Map 1 shows residential density by Census Block Group and is color-coded by neighborhood for Greater Downtown Miami. The “tallest” block groups can be found in Midtown, Brickell, and the CBD. In Midtown, the densest block group has a density of 900 people per square mile. Brickell’s densest block group has a density of 850 people per square mile. The CBD’s densest block group has a density of 450 people per square mile.

AGE COMPOSITION Greater Downtown’s population has become slightly younger from 2010 with a noticeable increase in the Millennial and Gen Z cohorts. Figures 2 and 3 show Greater Downtown’s population by age, sex, and generational cohort. The table below shows percentages for each age cohort by sex. This new piece is important for understanding how Greater Downtown’s population and needs are changing. For example, it is widely believed that Millennials are still in high school: in fact, the youngest Millennials are actually 20 years old today. As Millennials have aged, their cohort has become a much larger share of the Greater Downtown population. In fact, there has been a 104 percent increase in Millennials since 2010. That increase is attributed to the fact that Greater Downtown’s population has remained constant in terms of age. Since 2010, the 20- to 29-year old and 30 to 34-year old cohorts have always been the largest. As Millennials continue to age, their share of the population will continue to increase. This is a result of the recent trend in Millennial migration to urban cores. Greater Downtown’s population has become slightly younger from 2010 with a noticeable increase in the Millennial a d Ge Z cohorts. Figures 2 and 3 show Greater D w town’s population by age, sex, and generational cohort. Tables 5 an 6 show percentages for each age cohort by sex. We used a variety of sources, including NPR 1 and works by Strauss & Howe 2 to determine the demarcating year ranges for each generation. We have used the following birth years to define the following generations: Greatest Generation (AKA GI): 1901-1925; Silent Generation: 1926-1945; Baby Boomers: 1946-1964; Gen X: 1965-1980; Millennials: 1981-1998; Gen Z: 1999-2013; a d Gen Alpha: 2014 to present day. This new piece is important for understanding how Greater Downtown’s population and needs are changing. For example, it is widely believed that Millennials are still in high school when the youngest Millennials are actually 20 years old today. As Millennials have aged, their cohort has become a much larger share of the Greater Downtown Population. In fact, there has been a 104% increase in Millennials since 2010. The increase in Millennials is attributed to the fact that Gr ater Downtown’s population has remained constant in terms of age. Since 2010, the 25 to 29 and 30 to 34 years old cohorts have always been the largest. As Millennials continue to age, their share of the population will continue to increase. This is a result of the recent trend in Millennial migration to urban cores 3 .

Map 1: Population Distribution

Figure 2: Greater Downtown Population Pyramid, 2018

Source: ESRI BAO; Synergos PopStats; Miami DDA

1 Neil Howe, Forbes , “Are You Born To Be Better Off Than Your Parents? (Part 1 of “Generations in Pursuit of the American Dream”)," Jul 16, 2014, https://www.forbes.com/sites/neilhowe/2014/07/16/part-1-generations-in-pursuit-of-the-american-dream/#3ada28b65db0 (accessed February 2018) 2 Samantha Raphelson, NPR , “From GIs To Gen Z (Or Is It iGen?): How Generations Get Nicknames," Jan 12, 2017, https://www.npr.org/2014/10/06/349316543/don-t-label-me-origins-of-generational-names-and-why-we-use-them (accessed February 2018) 3 Pete Saunders, Forbes , "Where Educated Millennials Are Moving," Jan 12, 2017, https://www.forbes.com/sites/petesaunders1/2017/01/12/where- educated-millennials-are-moving/#96cb760d3ccc (accessed February 2018) 6

AGE COMPOSITION Downtown Miami has a good mix of age groups. The majority of Greater Downtown’s population is working-aged. We define this as people between the ages of 25 and 64. Infants, classified as children 4 and under, account for the smallest portion of the population. School-aged children are up 2 percentage points from 2010 and account for 11 percent of the 2018 population. We classify school-aged children as children ages 5 to 19. The college-aged group consists of young adults between 20 to 24 years old. Seniors are classified as people aged 65 and up. The working-aged group shrunk by 2% from 2010 and seniors grew by 2percent. These groups are different from generational cohorts as these classifications are fixed, whereas generations adhere to specific birth-year ranges.

AGE COMPOSITION One of the most notable differences in between Greater Downtown’s population in 2010 versus 2018 is the narrowing of the split between male and female individuals. In 2010, males outnumbered females by nearly 3 percent. In 2018, the split between male and female is nearly even, with 49.4% female and 50.6% male. Data regarding other gender identities or sexual identities were not collected. This group includes, but is not limited to, nonbinary, intersex, and transgender individuals.

DOWNTOWN MIAMI

GREATER DOWNTOWN HOTEL SUPPLY

SUPPLY

The Greater Miami area (Miami-Dade County) is one of the top hotel markets in the United States by performance and metrics. Greater Downtown Miami saw a 20 percent increase over a five-year period. As travel to Miami increases, so does the demand for hotels. On an annual basis, supply has grown at a steady 4 percent average an- nual growth rate. Since 2014, Greater Downtown has added seven hotels with more than 1,300 rooms. From 2010 through 2018, nine hotels with 1,798 rooms were delivered. As of December 2018, Greater Downtown’s hotel inventory stands at 37 hotels with a total of 8,121 rooms and 386,325 square feet of meeting space.

Greater Downtown has increased it hotel room supply by 27 per- cent over the past five years, and has not seen a decrease in occu- pancy which indicates the development seen is actually meeting demand rather than oversupplying the market.

HOTEL SUPPLY

REVENUE PER AVAILABLE ROOM

AVERAGE DAILY RATE

Revenue Per Available Room (RevPAR) is a hotel performance met- ric that assesses a hotel’s ability to fill rooms at the average rate. RevPAR is calculated by multiplying ADR and occupancy. As with ADR, RevPAR in the Greater Miami market saw positive gains from 2013 to 2015 and then a drop from 2015 to 2016. Greater Downtown had a higher rate of growth and increase in RevPAR than Miami Beach over the last five years. Greater Down- town’s RevPAR increased by nearly 11 percent with a 2 percent Annual Average Growth Rate. Greater Downtown had the second highest RevPAR last year with $153.42. Greater Downtown’s five- year average RevPAR is also the second highest of the top submar- kets at $148.77.

Average Daily Room Rate (ADR) is a hotel performance metric that assesses revenue earned on average per room for any given day. Over the last five years, ADR has grown in the Greater Miami mar- ket by 13 percent. ADR grew steadily every year from 2013 to 2015 and then dropped the next two years. Greater Downtown’s ADR has always been higher than that of Greater Miami. Even in down years, Greater Downtown’s ADR decreases were less than those of the Greater Miami market. In 2018, Greater Downtown’s ADR fi- nally surpassed $200, reaching $204.42. Greater Downtown’s ADR averaged $194.40 over the last five years, which is $5.18 more than the Greater Miami market’s average for the same time period.

HOTEL SUPPLY

HOTEL REVENUE TRENDS

The Greater Downtown Miami hotel market is seeing a steady increase in overall revenue. Over the last five years, Greater Downtown’s hotel revenue increased by nearly 36 percent. Table 10 shows the annual hotel revenues for Greater Downtown between 2013 and 2018. Hotel revenue grew at a 6 percent Annual Average Growth Rate. Greater Downtown Miami’s hotel revenue peaked in 2018 with nearly $450 mil- lion. Every year except 2016 saw positive gains. From 2015 to 2016, revenue fell by 1 per- cent. The decrease in ADR, RevPAR, and revenue for 2016 and 2017 is attributed to Hurricane Matthew in 2016 and Hurricanes Irma and Maria in 2017. These hurricanes affected tens of thousands of flights, cruise operations, and resulted in slightly lower hotel performance for those years. There were no major (Category 4 or 5) hurricanes that made landfall in Florida or the Caribbean in 2018, which had the highest ADR and revenue in Greater Downtown and the Greater Miami market of the past five years. With PortMiami’s historic cruise passenger count, MIA’s historic arrivals, and Greater Downtown’s peak revenue all occurring in 2018, it is clear that visitors are not afraid to travel to Miami during hur- ricane season, what this means for Miami is that tourism in South Florida is more impacted by travel restrictions from major storms than the storms themselves.

The chart shows how Greater Downtown’s hotel revenue has grown in pace with hotel supply over the last five years. The chart also reflects that revenue leveled off in 2016, which has been attributed to Hurricane Matthew, but also is related to the delivery of new supply. Greater Downtown’s consistent revenue incresase from 2016 through 2018 show the market’s ability to bounce back from adversity. Greater Downtown Miami’s hotel market is rising and stable. HOTEL SUPPLY

The Greater Miami area always ranks among the top 25 hotel mar- kets in the nation. In 2018, Miami ranked as the fourth best-perform- ing hotel market. Table 11 shows the top 25 hotel markets in the U.S. by 2018 year-end metrics. Ranking is determined by RevPAR. Miami beat out Los Angeles; Washington DC; and others in both ADR and RevPAR. The Greater Miami hotel market actually climbed from the fifth spot in 2017, overtaking Boston. According to STR, Boston’s RevPAR was over $105 in 2017 whereas Miami’s was nearly $144. Both Boston and Miami saw gains in RevPAR from 2017 to 2018, but Miami’s were greater, bringing its overall ranking up one slot to No. 4. The Greater Miami market had the second highest increase in RevPAR from 2017, behind only Minneapolis. Greater Downtown’s increase in RevPAR from 2017 tied with Philadelphia’s and was just 0.3 percent behind the Greater Miami market. Overall, Greater Downtown Miami’s hotel market performs better than most of the top 25 markets by ADR and RevPAR year-over-year (YOY) growth for all 25 markets are shown in the table to the right.

Rank

Market

Occupancy

ADR

RevPAR

RevPAR YOY

1

New York

87.3%

$262.31

$228.96

3.4%

2

Oahu Island

83.9%

$238.16

$199.70

2.7%

3

San Francisco

81.9%

$241.33

$197.72

4.3%

Greater Downtown Miami

75.1%

$204.42

$153.42

6.0%

4

Miami

76.7%

$199.35

$152.81

6.3%

5

Boston

75.7

$199.04

$150.72

3.9%

6

Los Angeles

79.6%

$180.17

$143.49

1.9%

7

San Diego

78.7%

$166.30

$130.93

5.8%

8

Anaheim

77.5%

$162.05

$125.65

3.1%

9

Seattle

75.1%

$165.09

$123.94

0.8%

Top 25 Markets

73.6%

$157.94

$116.19

2.5%

10

Washington, DC

71.3%

$156.42

$111.51

-3.2%

11

Nashville

73.3%

$147.19

$107.87

2.2%

12

New Orleans

69.6%

$151.13

$105.21

3.8%

13

Chicago

69.3%

$148.89

$103.17

5.1%

14

Orlando

77.5%

$127.32

$98.68

2.5%

15

Denver

73.1%

$131.63

$96.26

0.0%

16

Philadelphia

71.1%

$132.97

$94.60

6.0%

17

Tampa

71.3%

$130.07

$92.73

0.7%

18

Phoenix

69.7%

$129.78

$90.42

5.3%

Total US

66.2%

$129.83

$85.96

2.9%

19

Minneapolis

67.6%

$122.66

$82.96

6.9%

20

Atlanta

70.1%

$109.80

$76.94

2.6%

21

Dallas

68.2%

$108.72

$74.16

0.7%

22

Detroit

67.2%

$104.78

$70.46

4.0%

23

St. Louis

64.7%

$105.24

$68.13

-0.2%

24

Houston

63.1%

$105.45

$66.57

-7.5%

25

Norfolk

63.0%

$103.17

$65.03

3.9%

HOTEL SUPPLY

GREATER MIAMI APARTMENT PIPELINE

IN LEASE-UP

DEVELOPERS

YEAR BUILT

UNITS 438 156 391 309 710 464 444 387 289 330 297 292 821 262 667 198 816 174 485 447 425 257 528 688 434 360 296 215 97 350 230 375 352 450 428 754 108 393 429 500 1,361 202 441 550 444 1,042 5,328 UNITS 714 300 7,363 UNITS 182

1 Solitair Brickell 2 2500 Biscayne

ZOM

2018 2018 2018 2018 2018 2018 2018 2019 2019 2019 2019 2019 2018 2019 2019 2019 2020 2020 2020 2020 2020 2020 2020 202 2021 2021 2021 2021 2021 2022 2021 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+ 2021+

Greystone

3 Muze at Met Square 4 Pearl Midtown 29 5 Square Station 6 Panorama Tower

ZOM Adler

Melo Group

Florida East Coast Realty

7 X-Miami 8 Caoba 9 Yard 8

PMG

CIM Group/MWC Assoc.

Wood Partners

10 Wynwood 25

East End Cap./Related

11 Blu27

Richman Group

12 Modera Edgewater 25 13 Modera Riverhouse

Mill Creek Mill Creek

TOTALS

UNDER CONSTRUCTION

DEVELOPERS

YEAR BUILT

1 Maizon at Brickell

ZOM

2 Art Plaza - Twin 34 Story

Melo Group

3 Quadro

Alta Developers

4 MiamiCentral (two phases)

Lincoln

5 The Braadley

Related/Block Capital

6 Midtown East North Tower 7 Midtown East South Tower

AMLI AMLI

8 Midtown 6 9 Miami Plaza

Alex Vadia Melo Group

10 Wynwood Square 11 River Landings 12 Modern Skyline 13 Miami River Walk

CIM Group/One RE

Urban X Group

Mill Creek

Mast Capital

14 Luma

ZOM

15 Soleste Grand Central 16 Modera Biscayne Bay*

Estates Investment Group

Mill Creek

17 400 Biscayne*

PMG/Greybrook

18 Grand Station Partners Apt*

Grand Station Partners

TOTALS

POSSIBLE FUTURE SUPPLY

DEVELOPERS

YEAR BUILT

1 Wynwood 29 2 Riverside Tower

Related

Adler Group Meyers Group

3 Avery Miami Central

4 Midtown 7

Alex Vadia

5 1836 Biscayne

Fifteen Group

6 M-Tower

Axis Realty/Forse Holdings

7 Downtown 5th (Baptist Church Site)

Melo Group Moishe Mana

8 Moishe Mana Tower

9 Crescent Heights Dev. (Tract A & B) 10 Habitat Group West Brickell Site

Crescent Heights

Habitat Development

11 2000 Biscayne 12 1900 Biscayne

Kushner

Atlas Capital Group

13 Melo Downtown West 14 One Bayfront Plaza 15 Westdale Wynwood 17 J Milton Mixed Use Site 18 1775 Biscayne 19 Wynwood Green 20 Wynwood Quartier 21 Krystal Tower 2 16 7th Street Apartments Phase II

Melo Group Tibor Hollo

Westdale RE Investment Mgmt. Miami Worldcenter Associates

J Milton

V Downtown Inc.

Lennar

189 143 154

Bel-Invest

Charlesville Development Corp/BH 18

TOTALS

9,077

1

1

RETAIL & SHOPPING

Miami-Dade County has a multi-layered shopping environment — from high-end concepts to outlet malls and traditional retail — to serve households.

2

14

SHOPPING MALLS IN MIAMI-DADE

9

11

10

7

SHOPPING CENTER

DISTRICT

3

4

1

Aventura Mall

Aventura

13

2

Bal Harbour Shops

Bal Harbour

5

3

Bayside Marketplace

Downtown

12

6

4

Brickell City Centre (Mall) Brickell

5

CocoWalk

Coconut Grove

8

6

Dadeland Mall

Dadeland

7

Dolphin Mall

Sweetwater

8

The Falls

Kendall

9

Lincoln Road Mall

Miami Beach

Miami International Mall

Doral

10

The Shops at Midtown Miami

11

Midtown

12

The Shops at Sunset Place

South Miami

13

Village of Merrick Park

Coral Gables

Westland Mall

Hialeah

14

PORTMIAMI

TOTAL ANNUAL PASSENGERS 5,530,000

CRUISE SHIPS 2,489 vessels arrive at PortMiami annually

SUPPORTS 334,500 +

Located just off the coast of Downtown Miami is PortMiami: Cruise Capital of the World. PortMiami is the world’s busiest cruise port by passengers. More than 50 cruise ships from over 20 cruise lines call PortMiami home. These cruise lines continuously see positive growth in demand, which has led to many historic points observations for PortMiami. In 2018, PortMiami’s total cruise passenger count was more than 6 million - a 12 percent increase from 2017. In November 2018, Royal Caribbean opened the largest cruise terminal in the nation. From Port Miami, Royal Caribbean will launch Symphony of the Seas - the world’s largest passenger cruise ship.

JOBS in South Florida

CRUISE SHIP BRANDS 22

CRUISE SHIPS 55 call PortMiami Home

ADDS $43

CRUISE SHIP PASSENGERS $5.3 MILLION

BILLION to the local economy

PortMiami Cruise Passenger Growth, 2013 - 201 8

7,000,000

6,000,000

CARGO 10.3 MILLION TOTAL TONS IN 2018

5,000,000

4,000,000

3,000,000

CARGO ESTIMATED VALUE 27 BILLION

2,000,000

1,000,000

0

2013 2014 2015 2016 2017

2018

*Portmiami, 2019

EMPLOYMENT

MAJOR PRIVATE EMPLOYERS IN MIAMI-DADE

LATIN AMERICAN HUB

Miami emerged as Latin America’s de facto economic and financial hub for business operations and has the largest concentration of foreign banks in the United States outside of New York. Today, more than 1,200 multinationals have operations in South Florida , including:

LEGAL 75% above the national average

HEALTHCARE 8% above the national average

BUSINESS SERVICES above the national average 6%

• Cisco Systems Latin America • FedEx Express • HP Latin America & Caribbean • Kraft Foods Latin America • Medtronic Latin America Operations • MTV Networks Latin America

• Oracle Latin America • Panasonic Latin America, SA

Souce: Florida Trend, Miami-Dade Economic Assessment, 2019

• Samsung Electronics Latin America • UPS Americas and the Caribbean • Visa International

TOP 10 PRIVATE EMPLOYERS IN SOUTH FLORIDA

COMPANY

REVENUE

# OF OFFICES

$18.2 billion

Southern Glazer's Wine & Spirits

2

$15.06 billion

JM Family Enterprises

3

$9.03 billion

Oasis Outsourcing

6

$1.48 billion

Greenberg Traurig

5

$1.3 billion

The Related Group

3

Fontainebleau Hotel

$1.1 billion

Moss

3

$1.08 billion

Rick Case Automotive Group

9

$1.05 billion

Ed Morse Automotive Group

8

$596.3 million

Warren Henry Automotive Group

5

$588.5 million

Coastal Construction Group

5

Nicklaus Children’s Hospital

University of Miami

EMPLOYMENT

# 2

Miami-Dade attracts a number of global corporations who settle their headquarters here.

2 nd

Florida is ranked as the Best State for Business by Chief Executive Magazine

GLOBAL HEADQUARTERS IN MIAMI-DADE

Brightstar - Florida’s 6th Biggest Private Company Carnival Cruise Lines - Florida’s 5th Biggest Public Company Lennar - Florida’s 8th Biggest Public Company World Fuel Services Corp. - Florida’s 2nd Biggest Public Company

*Source: The Miami Dade Beacon Council / The Florida Trend - www.floridatrend.com/350

For More Information Contact: Greg Masin Senior Director 305 533 2857 greg.masin@cushwake.com Frank Begrowicz Director 305 533 2874 frank.begrowicz@cushwake.com Andrea Vigil Senior Associate 305 533 2858 andrea.vigil@cushwake.com Michael Loeb Associate 786 792 5208 michael.loeb@cushwake.com