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Reso 2026-3963
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Reso 2026-3963
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Last modified
3/17/2026 12:18:57 PM
Creation date
3/17/2026 12:14:40 PM
Metadata
Fields
Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2026-3963
Date (mm/dd/yyyy)
02/19/2026
Description
Approve Purchase & Assignment of TDRs amount 120,972.18 Sq. ft. of FAR & (48) Dwelling units from City's Public TDR Bank to MB RE Investments, LLC.
Supplemental fields
Comment
Heard with Companion Zoning Reso 26-Z-221; Item 5A.
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MIAMI-DADE COUNTY AREA & ECONOMIC OVERVIEW (Continued) <br />MIAMI FWLOYMEW 8Y:iNt]USTAY'iN THOUSNNbS <br />CURRENTJ©SS':' <br />CURRENT GROWTH 10YRHISMMCAL <br />5YRFORECAST . <br />lnrggstrx <br />lobs <br />L4, <br />tlerket <br />us - fderitiet <br />u <br />Nrar�er: UP <br />Manufachlnng <br />45 <br />D 4 <br />=3 64% <br />-074% i 36% <br />D 36% <br />i 0 25% 1 0.17% <br />Tfade. TMnsportadaI and 01019es, <br />326 <br />1 14_ <br />1.PK <br />Q 7D% 1 24T& <br />MR.%. <br />0 33%s 0.22% <br />Pe6ii.Trade <br />--146 <br />1.1 <br />Q Ott <br />Q 33 6^' D QB <br />O Q3 S <br />02 <br />FlnancialAcdV&S <br />95. <br />1.2 <br />('•Q.24 <br />1:05$5 205di <br />1.3496 <br />I a469ff <br />0.3J <br />aYemrnent <br />744: <br />0.7 <br />03$"5- <br />1.26% 0.58% <br />0 71 is <br />I-0.10'%: <br />0A8% <br />N*21 f esaurr es;,Mlning and Construeft <br />65' <br />--- <br />0,9 <br />-=1---= <br />5,97°tfi <br />1 5616 4.1 % <br />--T_..��------ <br />2135�. <br />1.17�76 <br />0.64% <br />..�-- <br />I_duci" and Neagh. Seralces <br />27 <br />_ 1 D <br />2 3996 <br />3 0B% 2 97k <br />21696 <br />673% <br />D M% <br />Pr4esslanal and Business, Services, <br />:213 <br />24 <br />t 1 <br />1,0= <br />-1.gDsk <br />1.23" ' <br />4 23"xi. 2:g9"3r <br />0.02% i 2.59% <br />13895; <br />0334 <br />D 76% <br />0 51%` <br />0.65% <br />I 0.33%. <br />Inforrn&an <br />Leisure'and Hospok <br />157 <br />17 <br />10245. <br />1 56°k ' 1 50% <br />i 23%. <br />716�6;` <br />artier Seiulees <br />51 <br />� 10' <br />� 56�16 —�Q <br />9996 uQ F0% <br />0 7D� <br />I Q Dg96 <br />I Q 22`36 _ <br />T otl ..,>ynp�Ryrtl41 <br />7348a <br />j 7 0 i ,'.p <br />I:1711 <br />S=e: 0idg4Uonanks <br />LQ =LOE�wn.. dodenr. <br />Source: CoStar <br />That said, since the pandemic, Miami has attracted several new firms with high -paying jobs, <br />including Citadel, GMC Capital, Melvin Capital, and tech venture capital firm Andreessen Horowitz. <br />So far, this trend has continued into 2025, albeit at a slower pace. Some of the most recent <br />relocations and expansions this year include Apple, which leased 45,000 SF of office space at The <br />Plaza in Coral Gables, and JPMorgan, which announced plans to expand its Miami office at 1450 <br />Brickell Ave. over the next two years, pointing to the continued inflow of higher -income households <br />in the medium -term. <br />Although it has tried to diversify its economy, Miami's leading industry is tourism, which has not <br />recovered with 5,500 fewer jobs than pre -pandemic, despite the popularity of Art Basel and its <br />influential arts scene. Miami had traditionally drawn tourists from South America, but the inflow of <br />international tourists remains below pre -pandemic levels and competition for domestic travel is on <br />the rise as U.S. residents travel abroad or board cruises. <br />14 <br />552 <br />
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