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<br />The Chesapt:3ke Group~ I nc, <br />Building A Foundation For The Future <br /> <br />. definition of office space market niches and opportunities; <br /> <br />. <br /> <br />. estimates of absorbable office space over the next few, five, and ten years; <br /> <br />. definition of housing patterns and trends applicable to mixed use development; <br /> <br />. definition of the potential residential market penetration levels for segments of the market <br />associated with mixed use development; and <br /> <br />. demand forecasts for residential activity by housing type, size, and amenities, if appropriate, for mixed <br />use development. <br /> <br />All projections will be made for the current, five, and ten year periods. <br /> <br />PHASE 2 - SITE SPECIFIC DEVELOPMENT CONCEPTS <br /> <br />TCG will develop site specific development, reuse, or redevelopment concepts for Sunny Isles Boulevard <br />and the west side of Collins Avenue. <br /> <br />PHASE 3 - STRATEGIC IMPLEMENTATION PLAN <br /> <br />In addition, TCG will prepare two additional elements that are believed to be of critical importance. <br /> <br />· The first is a market development strategy, with a business recruitment element, intended to <br />establishment market niches deemed appropriate, attract the optimal tenant mix of activity (for <br />commercial), increase market penetration within existing markets and components of demand, <br />and/or capture new markets or components of demand. <br /> <br />· The second is a marketing plan for the sub-area development defined by the market analysis. <br /> <br />Preliminary findings will be presented by TCG to the City at meetings on mutually agreed upon dates and <br />times. <br /> <br />PHASE 4 - ANALYSIS REPORTING <br /> <br />TCG will produce a camera-ready 8-1/2 x 11 report summarizing the process utilized, the findings, <br />conclusions, and recommendations with respect to the plan. TCG will also prepare a camera-ready <br />"Executive Summary" of conclusions and suggestions for general reproduction and distribution. It is also <br />noted that both documents will be transmitted to the City through IBM-compatible disk or CD. <br /> <br />4 <br />