City of Miami RFI No.

Questionnaire

Submit Response by Day, Monday, August 12, 2019 via E-mail to the CBRE contact:

Lee Ann Korst

Southeast Regional Manager

CBRE, Inc.
E-mail Address: LeeAnn.Korst@cbre.com

Telephone No.: (850) 251-9319

Olympia Heights Management, LLC

Name of Respondent (firm):

Authorized Signature:

Print Name & Title: Eugene Zlatopolsky, Director

Mailing Address of Respondent: 301 Arthur Godfrey, Suite 302 Miami Beach FL 33140

Telephone No.: (212) 514 8600 ext. 214

Email Address: eugene.pta@gmail.com

All inquiries regarding this RFI should be sent to the City’s contact person indicated above. Potential
Respondents may request this Questionnaire in a Word format for ease of completion, by sending their
request to the above e-mail address.

1. What does Respondent consider to be the best vision for this property? Do you feel the entire property should
be redeveloped? Half of the property? A portion of the property?
Answer : Our vision to develop 16 acres (out of 19 acres ) into a 250-key hotel , 1,000 residential units , 250- room assisted
living facility , 100,000 square feet of retail, and campus facility (Respite Center ) for children with disabilities . Please see
attached map outlining the 16 acres division. The project will be split into 3 phases as follows: i) The first phase will include a.
250-key hotel, 300 residential units and 30,000 sqf retail; ii) the second phase would entail an additional 700 residential units
and 70,000 sqf of retail; and iii) the third phase includes the 250-room assisted living facility, and campus facility for children
with disabilities.
2. Would Respondent be interested in making a future proposal to the City to develop all or part of the land
on this property including the developer’s vision and the City’s vision? Answer: We will develop the property in
three phases and will be taking possession of the property one phase at a time. It will allow City to coordinate relocation in
timely manner all uses that needs to be relocated from the property. Timing of phases and Lease fees schedule are available
upon demand.

3. What considerations would discourage Respondent from participating in a future competition to develop
this property? None

4. The future solicitation may require finance, design and construction. Which of these components can Respondent
bring to the project? All of the above
5. What experience does Respondent have in developing similar projects ? (Briefly describe the project (s), describe
Respondents involvement in the project(s), and describe when the project(s) commenced and were completed).
Answer: Bio is Attached
 6. What expertise and experience should the City require from a proposer if a future solicitation is issued to
develop the land of this property including the developer’s vision and the City’s vision to ensure proper
qualifications for such a project?

Answer : Proposer shall have substantial experience in developing mixed -use projects (residential , hotel,
retail). Proposer shall have at least 10 years of experience in real estate developing either in Miami, FL and/
or any large developments across the country . Proposer shall have experience to work with City authorities.

7. What would the Respondent consider to be the desired minimum term agreement for the Respondent to be
interested and ensure viability of the project to develop all or part of the land on this property including the
developer’s vision and the City’s vision? Please explain.

Answer: The proposed lease is for 49 years with one (1) additional option to renew it for additional 49 years
. The project will revitalize neighborhood by creating new uses that were not there. The project will require
heavy investment of funds into marketing and developing the proposed project. In order to make it profitable
investment, we will need to have the lease structured this way or very similar to.

8. What type of financing would Respondent use and/or need to develop the land, and maintain the developer’s
vision and the City’s vision of the Operation Services for this property?

Answer: The development will be financed by Respondent's equity and senior/mezz loan from commercial
banks and private funds.Upon completion of each phase, Respondent will refinance stabilized income-
producing property. In addition. Respondent is open to negotiate any City's bond as source of financing, if
available.

9. Should the current users remain at the property? Why or why not?

Answer: The main users that we recommend to leave on the site are:City Fuel Pump, Car Maintenance/Garage and
Fire Station. Those uses are located considerably toward the edges of the property with almost no effect on the rest of the
property. It would be more cost effective to leave them instead of relocating them. It will also help to avoid any changes
in logistics currently used on the site for those users.

10. If you feel that the users should be relocated to a different site, please identify the new site. N/A

Note: Respondent may, but is not required to provide, drawings, illustrations or plans showing how the proposed
development once completed would look.

4
 QUESTION #1 (MAP)

PHASE I

PHASE III PHASE II

Main Entrance 2F. Storage Containers 3A. Solid Waste Admin. Building 4. Public Works Department SB. Fleet Parking / Store:
G.SA Department 2-3. Staff Parking 3B. Box Room Storage Building 4A. Public Works Admin. Trailers Containers

2A Vehicle Maint. Shops & 2H. Car Wash 3C. Staff Parking Lot 4B. Fleet Parking / Storage 5C. Staff Parking
Admin. Building 21. Fuel Pump 3D. Flee: Parking 6. Fire Rescue Station No.5
4C. Staff Parking
2B. Repair Lot 2J. Truck Wash 3E. Garbage & Recycle Carts 4D. Decant Station SA. Station Building
2C Polce Spare Veh cle Parking 2K. Auction Lot Storage SB. Staff Parking
5. Parks & Recre2ton Department
2D. Light Fleet Finished & 2L Parkina Entrance 3F. Mini Dump 7. AT&T Building
5A. Parks & Recreation Admin.
Unfinished Parking
M Plaza (Un-used) 3G. Compost Facility Supervisor Trailers 8. N.W. 12* Avenue Entrance
2E. Body Shop Parkirg Lot Office Traile-
3. Solid Waste Department
QUESTION #5: BIO - OLYMPIA HEIGHTS MANAGEMENT (owned by Sarah Boymelgreen)
In just over a decade, Sarah Boymelgreen has taken over and transformed her family business, into a
powerful global development and investment firm.
In 2009 Sarah completed the Marquis Florida, a 67 story mixed use hotel, retail and condominium project
located in Downtown Miami.
Before branching out, Sarah purchased a parking lot at 88 Leonard, which was developed into a high end
352 luxury unit rental building in the heart of Tribeca, New York. The building includes a 500 parking
space garage which is leased by the FBI.
In 2010, Sarah Boymelgreen made a pivotal move concentrating on purchasing distressed properties. To
capitalize on these opportunities, Sarah Boymelgreen approached investors to use collective financial
strength to purchase different size properties. She structured the transaction to purchase a $12.8 Million
non-performing note on a distressed property at 23 Caton Place, Brooklyn NY. In January 2013, as result
from the foreclosure process, the holding company succeeded to secure the deed on the property and started
the development process. The 126 unit building, designed by Luca Andrisani was completed in November
of 2014 and sold on January 28, 2015 for over $75,000,000.
After extensive negotiations, Sarah succeeded in securing a 4 acre property in the heart of Flushing, NY in
2014. Located at 39-08 Janet Place, Queens NY, the site is directly across the river from Willets Point,
Queens where 75 acres have been majorly rezoned. In 2016, Sarah was able to turnaround the property for
$20,000,000 million dollar profit.
Due to the uncertainty and high prices/expenses of the NYC real estate market, Sarah Boymelgreen decided
to explore other states for prime locations. As result, she acquired a distressed 20% occupied trophy building
consisting of 600,000 sqf located at 315 Deaderick in Nashville, TN. While still in the contract, Sarah
Boymelgreen, together with her partner, succeeded in turning the distressed property into an income
producing one by signing a lease with UBS for approximately 100,000 sqf and allowing them to relocate
their headquarters into the building. They then invested tens of millions of dollars in Improving the building
and Tenant Improvements and leased up the building to 82% occupied. In 2019 Sarah sold the Building for
$135,000,000.
Another key move was purchasing prime property located in Midtown Atlanta, GA, called the “best parcel
in the whole South-East coast”. The parcel is 4 acres and will result in a mixed-use (residential, commerical
and retail) development of approximately 1.8M square feet, designed by Perkins and Will and will feature
a Retail Pavilion designed by world renowned designed Richard Meyers. The sales and marketing is
managed by Berkshire Hathaway. The interior designer for the first phase is Champalimaud. The first phase
tower will be the tallest residential tower in Atlanta.
In addition to Altanta, Sarah Boymelgreen is focusing on the Southern Florida market, and has retained
Arquitectonica to design a 300,000 sqf hotel/residential development. The property is located in the heart
of Surfside, Florida, directly across from the Fendi Chateau Residences, and the Grand Beach Hotel. This
will be a high end fully Kosher 199 unit 4.5 star Hotel. Construction is to begin in October 2019.
In 2015 Sarah also purchased the HSBC building located on Arthur Godfrey Boulevard in prime Miami
Beach. It is an income producing property with an additional 200,000sqf of development which will be
built into 60 residential town houses. Plans were designed by Arquitectonica and have been submitted to
DOB.
Marquis
1100 Biscayne Boulevard
Downtown Miami

Marquis, the flagship project in Miami, brings unprecedented

luxury to the Downtown Miami area. Designed by the renowned
architectural firm Arquitectonica and soaring 67 stories above
Miami’s Arts District, Marquis offers 306 sophisticated residences
and a 56-suite boutique hotel. Marquis introduced a new level of
luxury living to the Miami market. With interiors by the celebrated
Sand Studios, the residences are contemporary yet timeless and
finished with the finest materials. Marquis pampers its residents
with private elevators to most of the homes, expansive private
balconies, Smart Building technology, an infinity-edged sunrise
pool, a lagoon-style sunset pool, an Asian-inspired water garden
and a 9,000-square foot world-class spa and fitness center.
Marquis’ intimate boutique hotel offers world-class luxury as well
as a concierge service, valet parking, and room service from the
onsite gourmet restaurant. Located at 1100 Biscayne Boulevard,
Marquis is just one block from Miami’s Performing Arts Center
and moments from some of the city’s most celebrated dining,
shopping and cultural destinations.
88 Leonard
88 Leonard Street
TriBeCa (Manhattan)

88 Leonard Street is 22-story, 387,000-square

foot tower located in the heart of TriBeCa, the
historic district known for world-class dining
destinations, boutiques and nightlife and one of
the most sought-after areas of Manhattan.
Featuring 334 market-rate and 18 affordable
rental residences as well as ground-floor retail
and community space and a 225-space
underground parking garage, 88 Leonard
redefines the luxury rental. The residences at
88 Leonard are beautifully detailed, and
residents enjoy an extraordinary range of
amenities including a soaring, two-story lobby
with a sculptural tower and wood-burning
fireplace, a media lounge with a flat panel
television and catering kitchenette for
entertaining, a beautifully landscaped ground-
floor garden and a sumptuous spa terrace
featuring an indulgent 20-foot whirlpool
and a lush sundeck. The building also offers
tenants special membership rates at the
adjacent Eastern Athletics Fitness Club and
nearby New York Sports Club.

A complex transaction that involved a ground

lease and Liberty Bond financing, the
successful rental 88 Leonard was built in an era
dominated by condominium construction.
KESTREL (23 Caton Place, Brooklyn NY)

In January 2013, as result from the foreclosure process, Caton Realty Holdings
succeeded to secure the deed on the property at 23 Caton Place, Brooklyn NY and started
the development process. Designed to accommodate residents every need, Kestrel is a
full service existence. The apartments at Kestrel are generously-sized, have surrounding
views and private outdoor spaces. Apartments are spacious, perfect for entertaining, but
when the crowd gets too large, a media room and lounge supplements residents’ hosting
needs. As Brooklyn is the freelance hub of New York City, residents, who are self-
employed, benefit from a work-from-home office center, especially useful for those
deadline-sensitive tasks. A playroom gives back-up kid-friendly options. The rooftop
retreat includes a Yoga Area, Children’s Playground, Private Cabanas, BBQ+Bar,
Games, and a Lounge. The 24-hour attended lobby, offering cold storage, provides
security and convenience.

Kestrel is located in the idyllic Windsor Terrace, bordering Prospect Park, one of the
borough’s most alluring, quality-of-life-enhancing features. After its completion in
November of 2014, it was sold on January 28, 2015 for over $75,000,000.
OPUS PLACE #2 (Midtown Atlanta, GA)
No 2 Opus Place, is exciting
new center of modern culture
and luxurious urban living, in
the heart of Atlanta's
flourishing Midtown. Designed
by Champalimaud, 53 stories
off floor-to-ceiling glass
reveals endless city and park
views. The 700,000sqf
residential building includes a
perfect chorus of amenities:
The Opus Club. The Opus
Club–composed on 3 floors–
features fitness and wellness
offerings and one of a kind
social programming. The
grand entry-level will include a
Fine Dining Restaurant,
24hr Concierge, Lifestyle
Curator, Bellman Services,
Full Valet Services, On-Site
Parking, Dry & Cold
Package Storage and On-
Site Property Management.
Spa & Wellness will
include an outdoor Resort-
Style Pool, Covered Lap
Pool, Movie Wall &
Waterfall, Private Cabanas,
Outdoor Kitchen, Alfresco
Dining & BBQ Grills, Lounge Area with Fire Pits, Open-Air Lounge, Dog Run. In
addition there will be a State-of-the-Art Indoor Gym, Pilates & Yoga Studio, and
Sauna & Steam rooms. Ascend to Mozart's 41st, the ultimate lifestyle club with private
lounges, chef's table Library, Cocktail Bar, and Imax screening room. There will also
be a Golf Simulator on the 40 th floor. The residences at No.2 Opus Place are a
sanctuary for quiet reflection and personal expression. Light drenched great rooms and
spacious balconies are designed for truly modern living. In Atlanta's hottest district, the
best in art, music, food, architecture and green spaces converge. From the High Museum
to the BeltLine to Piedmont Park, the city's greatest hits are all within walking distance.