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<br />Created: 09/26/11 CH <br />Revised 11/02/11 AAD <br />Revised 11/10/11 HO <br /> <br /> <br />CITY OF SUNNY ISLES BEACH <br />DEVELOPMENT REVIEW REPORT <br />Porsche Design Residences <br /> <br />I. PROJECT SUMMARY <br /> <br />Application Number: Z2011-04 <br /> <br />Application Summary: The property is currently improved with a 2-story condominium-hotel <br />building known as the Golden Nugget. The structure was built in <br />1956 and contains a total of 120 residential units. All units are <br />currently owned by the Applicant. <br /> <br />The proposed development encompasses a 57 story, 132 unit <br />condominium building with 500,039 square feet and is intended to <br />utilize 1.50 Floor Area Ratio (FAR) bonuses. The Applicant is also <br />applying for transfer of development rights (TORs) in the amount of <br />115,391 square feet of floor area. <br /> <br />Applicant/Owner: <br /> <br />GllCO Realty, L.C. <br />18001 Collins Avenue, 31st Floor <br />Sunny Isles Beach, FL. 33160 <br /> <br />II. SITE INFORMATION <br /> <br />land Area: <br /> <br />2.21 Acres (96,162 sq. ft.) <br />(Updated Boundary Survey dated Sept. 16,2011) <br /> <br />location: <br /> <br />18555 Collins Avenue <br /> <br />Folio: <br /> <br />31-2202-037 -0001 (reference folio) <br /> <br />legal Description: All of Tract "l" less the south 200 feet thereof and less the north 100 <br />feet thereof, of AMENDED Plat of North Biscayne Beach, PB 44 <br />Page 42 <br />U:\PLANNING&ZONING2008\zONING HEARING.APPLlCA TIONS\20 11 APPLlCA TION\Z20 11-04 PORSCHE 1 <br />