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Created by CH 032912 <br />Revised by SR 043012 <br />Revised by HO 050312 <br />C'Pf OF SVN PNO <br />I. Project Summary <br />City of Sunny Isles Beach <br />Development Review Report <br />Application #: Z2012 -06 <br />Application Summary: The Applicant is requesting a modification of the approved site plan to <br />increase Floor Area Ratio (FAR) by obtaining additional FAR bonuses and <br />Transfer Development Rights to do not exceed total of 543,887 square feet <br />for the overall project. <br />Applicant /Owner: 18555 Developers, LLC a/k/a Gilco Realty, LC <br />18001 Collins Avenue, 3151 Floor <br />Sunny Isles Beach, FL. 33160 <br />Phone: (305) 932 -1000 <br />11. Site Information <br />Site Area: <br />Location <br />Land Use: <br />Zoning: <br />Adiacent Properties: <br />96, 162 sq. ft. (2.21 Acres) <br />18555 Collins Avenue <br />Mixed Use - High Density Resort <br />Mixed -Use Resort (MU -R) <br />III. History <br />The Porsche Design project was approved by City Commission on November 17, 2011 under City <br />Resolution No. 11 -Z -123. The project was approved for a 57 story, 132 unit condominium building with <br />500,039 square feet of floor area ratio. The Applicant was granted approval to utilize 115,391 square feet <br />of transfer of development rights for the project. <br />PORSCHE DESIGN TOWER - MODIFICATION Z2012.06 CH <br />Existing Land Use <br />Zoning <br />Land Use Plan <br />North <br />Millennium Condo <br />MU -R <br />MU -HDR <br />East <br />Atlantic Ocean <br />N/A <br />South <br />Turnberry Isle Club <br />MU -R <br />MU -HDR <br />West <br />Commercial <br />B -1 <br />N -B <br />III. History <br />The Porsche Design project was approved by City Commission on November 17, 2011 under City <br />Resolution No. 11 -Z -123. The project was approved for a 57 story, 132 unit condominium building with <br />500,039 square feet of floor area ratio. The Applicant was granted approval to utilize 115,391 square feet <br />of transfer of development rights for the project. <br />PORSCHE DESIGN TOWER - MODIFICATION Z2012.06 CH <br />