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CITY OF SUNNY ISLES BEACH
<br />TRANSFER DEVELOPMENT RIGHTS BANK ACCOUNT
<br />ACCOUNTS
<br />TOR FUNDS COLLECTED
<br />TOR FUNDS UNCOLLECTED
<br />1.
<br />Fortune Beach
<br />$7,558,863.00
<br />$0.00
<br />2.
<br />S&G Miami Beach
<br />$160,920.00
<br />$0.00
<br />3.
<br />Mandalay LLC
<br />$1,324,066.00
<br />$0.00
<br />4.
<br />St. Tropez
<br />$2,184,711.00
<br />$0.00
<br />5.
<br />Trg Sunny Isles
<br />$13,287,559.00
<br />$0.00
<br />6.
<br />Mansiana/Solis
<br />$5,408,502.00 ****
<br />$0.00
<br />7.
<br />Da Vinci
<br />$395,917.00 *
<br />$0.00
<br />8.
<br />Regalia
<br />$4,119,249.25 *****
<br />$0.00
<br />9. 10cean
<br />Palm
<br />$374,926.00 *
<br />$0.00
<br />10.
<br />Urbis & Key Int.
<br />$72,866.00
<br />$0.00
<br />11.
<br />Sunny Isles Resort
<br />$681,016.00 *
<br />$0.00
<br />12.
<br />TRG Desert Inn Venture
<br />$1,282,655.00
<br />$0.00
<br />13.
<br />St. Tropez II
<br />$116,261.00 **
<br />$0.00
<br />14.
<br />LPLA Partner, LLP
<br />$1,625,000.00
<br />$0.00
<br />15.
<br />1 oc51c r 11iR - Dey "
<br />$0.00 ******
<br />$0.00
<br />16.
<br />Fort Apache
<br />$517,275.00 ***
<br />$0.00
<br />17.
<br />Abus, LLC (Mr. Grosskopf)
<br />$46,270.00 ***
<br />$0.00
<br />18.
<br />Abus, LLC (Mr. Grosskopf)
<br />$1,484,940.00 ***
<br />$0.00
<br />19.
<br />Town Center Development (St. Tropez)
<br />$1,893,870.00 ***
<br />$0.00
<br />20.
<br />113each Acquisitions, LLC (Turnberry)
<br />$11,070,625.00
<br />$0.00
<br />21.
<br />GSF Acquisitions. LLC (Palazzo)
<br />$697,463.00 +
<br />$1,277,162.00
<br />22.
<br />Ritz Carlton
<br />$6,127,250.00
<br />$0.00
<br />23.
<br />Marriott
<br />$415,853.00
<br />$0.00
<br />24.
<br />Varadero
<br />$3,543,560.00
<br />$26,060,625.00
<br />25.
<br />lBalcony enclosures (Mansions)
<br />$73,750.00
<br />$0.00
<br />26
<br />A3 Development, LLC (Estates)
<br />$339,337.50 +
<br />$3,054,037.50
<br />27
<br />Balcony enclosures (Mansions)
<br />$28,625.00
<br />$0.00
<br />28
<br />Balcony enclosures (Mansions)
<br />$98,635.00
<br />$0.00
<br />TOTALS: Collected Funds
<br />1 $64,929,964.75
<br />Uncollected
<br />Funds
<br />$30,391,824.50
<br />* These developments paid 10% of non-refundable deposit, but development orders expired. TDR's were returned to the City.
<br />** This development received a credit of $841,580.00 from the City, as part of a real estate transaction.
<br />*** Transfer fees collected by the City to release West side only condition.
<br />**** The purchase price of $5,156,017.00 was increased by an additional $252,485.00 of interest payments.
<br />***** The purchase price of $4,500,206.00 was decreased by $380,957.00 due to settlement of outstanding loan agreement.
<br />****** TDRs were reverted to City TDR bank - TDRs were not used by developer.
<br />+ Deposit of $500,000 was added to the Estates at Acqualina project - uncollected amounts subject to promisory repayment agreement
<br />Uncollected Funds Owed to the City for TDRs
<br />Transactions
<br />Sq. Ft.
<br />Units
<br />TDR Funds Uncollected
<br />1.
<br />GSF Acquisitions. LLC (Estates)
<br />15,797
<br />7
<br />$1,277,162.00
<br />2.
<br />Varadero
<br />283,485
<br />120
<br />$26,060,625.00
<br />3.
<br />A3 Development, LLC (Estates)
<br />27,147
<br />13
<br />$3,054,037.50
<br />326,429
<br />140
<br />$30,391,824.50
<br />Total Credit to TDR Bank
<br />JTotal Uncollected Funds
<br />Total TDRs Funds Collected1$30,391,824.50
<br />$64,929,964.75
<br />TDR Funds Uncollected
<br />Total TDRs Funds (collected and uncollected) 1$95,321,789.25 )
<br />Last update on November 2020 Page 3 of 4
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