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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
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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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ZONING <br />The subject property is zoned W-R, a mixed use resort district by the City of Sunny Isles Beach, <br />Florida. The district provides for high density residential development of multi -family dwellings at <br />a base density of 50 units per acre and a maximum density of 80 units per acre. The allowable uses <br />include: multi -family apartments; hotels, motels and apartment -hotels; commercial service facilities; <br />conference and meeting facilities; parking lots and garages; public park and recreation; and all uses <br />allowed in the RMF-2 district. <br />Based on the Land Development Regulation (LDR) adopted on December 10, 2002, a site owner can <br />obtain bonuses and TDR's to increase both density and FAR. A recent ordinance (No. 2011-377) <br />was adopted in November 2011 amending and increasing the maximum FAR permitted in the NU-R <br />and Town Center Zoning Code districts. The maximum FAR permitted may be increased only in <br />accordance with the following provisions and limitations in conformance with the allowable limits <br />set under the adopted Sunny Isles Beach Comprehensive Master Plan: <br />0 , IDS ,'_ <br />Item <br />Maximum Bonus <br />Public Beach Recreational Enhancement Bonus: <br />.60 <br />Collins Avenue Public Street-scape Enhancement Bonus: <br />.60 <br />Educational and Cultural Infrastructure Bones: <br />.20 <br />Beach Access Trust Fund: <br />.20 <br />Beach Easement <br />.10 <br />Public Parking Bonus: <br />.20 <br />Recreational Open Space Bonus: <br />.20 <br />Total Bonus <br />2.10 <br />The total cost of obtaining bonuses vary from site to site and are based on the amount of participation <br />units the developer is willing to contribute. According to a representative with the Building and <br />Zoning Department all proposed projects are entitled to purchase bonuses up to 2.1, thereby, <br />increasing the total FAR to 4.6, prior to the purchase of TDR's. In comparison to project costs the <br />purchase price for bonuses are nominal. To qualify for TDR's all required bonuses must be <br />purchased. From time to time the Beach Access Trust Fund can be waived. Please refer to a copy <br />of the Zoning Code in the addenda for a complete description of each bonus and contribution <br />requirement. <br />25 <br />563 <br />
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