Douglas Road Metrorail Station Joint Development

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REQUEST FOR PROPOSALS (RFP)
FOR
Joint Development
At
Douglas Road Metrorail Station
Douglas Road
2.44
2.75
Project Objectives
 To provide a long term source of
income for the County
 To achieve the highest and best
use of the Development Site
within the shortest time feasible.
Project Objectives
 To achieve functional and aesthetic integration of
the Douglas Road Metrorail Station into the overall
development with direct access links between the
station and the development.
 To focus density around the Douglas Road
Metrorail Station and promote increased patronage
of the Metrorail system.
The Development Site
 The existing bus driveway must remain but
relocation of the driveway may be considered.
Such relocation may not negatively impact transit
operations and must be approved by MDT.
 The South Dixie Highway pedestrian overpass
must remain but the sidewalk leading to the
overpass may be relocated with MDT approval.
The Development Site
 The Art in Public Places “Leaning Arches” can be
relocated to another space on the site with MDT
approval.
 There are currently 7 bus bays located at the
Douglas Road Station site. These 7 bus bays must
remain but relocation of the bays may be
considered. Such relocation may not negatively
impact transit operations and must be approved by
MDT.
The Development Site
 The existing pedestrian/bike path (M-path) must
remain but may be relocated with MDT approval.
 The existing 220 parking spaces for transit patrons
may, with MDT approval, be relocated and/or
replaced with structured parking, however, the
number of spaces cannot be reduced.
Ground Lease
 The Development Site will be leased to the
Selected
Developer
under
a
long-term
Ground Lease.
Development Costs
 All development costs shall be the responsibility of
the Developer.
Financing
 The Selected Developer shall secure all necessary
financing.
Approach to Site Development
 Aesthetic integration of the station into the overall
development, including design which best meets the
highest and best economic and transit-related use
permitted by existing market conditions.
 Layout which maximizes use of the Development
Site.
Approach to Site Development
 Landscaping design components shall comply with
the requirements contained in Miami-Dade County
Landscaping Manual.
 Additionally, Miami-Dade County is encouraging the
development of landscaped spaces at Metrorail
Stations that will provide a pleasant park-like setting
for passengers entering and leaving Metrorail
stations.
 Developers are encouraged to propose landscaping
design in keeping with that initiative.
Approach to Site Development
 Construction that meets all applicable regulatory
requirements.
 Monitoring, mitigation and remediation of negative
impacts on transit operations and/or transit facilities
during and after construction.
Payments to the County
 The Selected Developer shall pay the County an
Initial Rent prior to completion of the development
and, thereafter, a Minimum Guaranteed Rent and/or
Participation Rent, subject to final negotiation. The
payments shall be provided as follows:
Initial Rent
The Selected Developer shall pay the County an
Initial Rent during the period from the NTP and the date
that the Selected Developer is able to occupy the
development covered under the Agreement resulting
from this Solicitation (Date of Beneficial Occupancy).
Minimum Guaranteed Rent and Participation Rent
After the Date of Beneficial Occupancy and through the
termination date of the Agreement, the Selected
Developer shall pay the County Minimum Guaranteed
Rent and/or Participation Rent, in accordance with the
terms of the resulting Agreement.
 Minimum Guaranteed Rent
Minimum Guaranteed Rent will be based upon the
appraised fair market rental value which shall be
determined by appraisal(s) performed by
independent appraiser(s) selected by the County.
 Participation Rent
Participation Rent shall be a percentage of
Adjusted Gross Revenue generated by the
development in accordance with the terms of the
resulting agreement.
http://www.miamidade.gov/procurement/vendor-enrollment.asp
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