Voters Will Decide On Riverside Wharf, Convention Center Hotel Today

Riverside Wharf is being put before Miami voters today.

The ballot language:

Proposed lease of city-owned waterfront lands on the Miami River
Shall the City be authorized to lease approximately 0.73 acres of waterfront land on the Miami River to Riverside Wharf LLC, providing for 1) $195,500.00 of minimum guaranteed annual rent, and 2) an investment of approximately $7 million in privately funded improvements including the construction of restaurants and the continuity of the public Miami Riverwalk, for a thirty (30) year term with two (2) ten (10) year renewal options?

The $30 million project is proposed to be built on a mix of public and private land, and will include 58,000-square-foot complex of restaurant space. Garcia’s fish market is now leasing the land from the city, and the developer will keep them as a tenant in the new project.

Next to the site, Melo Group is building another restaurant complex that will include a Sushi Samba. If both are built, the River Walk would be extended in the direction of Beckham’s soccer stadium.

In Miami Beach, a convention center hotel is being voted on (it must pass a 60% threshold):

Referendum Re: Approval of City’s Lease of City Property for Convention Center Hotel
Should City lease 2.65-acre property at northeast corner of 17th Street and Convention Center Drive to Portman Miami Beach LLC for 99 years, requiring, per Resolution 2015-29115:
• Construction/operation of privately-funded 800 room Hotel with 288 foot height limit, connected to Convention Center via pedestrian Skybridge,
• No gambling,
• Rent to City after Hotel opens, including greater of: minimum rent ($12,373,785 over first ten years,
adjusted thereafter) or percentage of Hotel’s revenues annually?

Referendum Re: Use of Rent Payments Received by City from Convention Center Hotel Lease
If voters approve City’s Convention Center Hotel lease, shall City adopt an ordinance dedicating all rent payments received by City to enhance funding (not replace or substitute for current City funding), in equal proportions annually for the term of lease, for: mass transit and traffic reduction, pre-k through 12 education, stormwater projects (in lieu of rate increases), and undergrounding electric utilities, with any amendment/repeal of such ordinance subject to voter referendum approval?

 

mbcc hotel:

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Edward
5 years ago

I like the Wharf Design however i hate how MB just choose some random looking building without what it seems like public input.

rio cristal
5 years ago

i like the concept of the wharf but the yearly rent is NOT high enough. these guys are going to make a killing. they should be paying the city more.

Anonymous
5 years ago

pretty sure there’s some sort of profit sharing in the lease also

Anonymous
5 years ago

i voted no for MB convention hotel. until there is better mass transit in miami beach including bike lanes and trains, bringing more conventioneers to beach makes no sense. one can’t even bicycle anymore on ocean drive or the boardwalk without feeling like ones playing bumper cars. build the baylink, close ocean drive to traffic, provide dedicated bike lanes, expand sidewalk capacity city wide… then, build a hotel. otherwise, let those conventions go to the worldcentre convention center downtown.

Marc305
5 years ago

As a supporter of Beckham’s new stadium and because I believe our Riverwalk can be as nice as the one in San Antonio. I will definitely vote for the project on the Miami River. Glad they are letting the public decide.

Anonymous
5 years ago

I also voted yes but I do have a major concern to go along with a desire. The rent is very low. I wish the city would have created a requirement the developer incorporate local food entrepreneurs and created our own version of the Ferry Building. Every major city has it, and this would be perfect. Here is to hoping the developer allows a section for affordable rents for these types of businesses.

My major concern as a downtown resident is the Brickell bridge. Inviting more yachts to the river means more opening and closing of the bridge.

Anonymous
5 years ago

I love how none of the official renders show the true impact the height of the building makes.

Anonymous
5 years ago

Hotel loses in Miami Beach.

Danny
5 years ago

Looks great and would be fantastic with the Beckham stadium. If no stadium, it’ll still be nice but the wharf’s problem is the view across at ground level is not attractive.

Marc305
5 years ago

03-16-16 Looks like the Miami River project passed. This from The Herald:

“In Miami, voters approved the Riverside Wharf , a $30 million complex of four restaurants and a fish market on public and private land on the Miami River. Developers Alex Mantecon and Guillermo Vadell are privately financing the project, which will include a commercial fishing operation run by the Garcia family.”