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THE GALLERY AT FATVILLAGE
BROWARD COUNTY BOARD OF COUNTY COMMISSIONERS RFP SOLICITATION N2111265P1REAL ESTATE DEVELOPER FOR DEVELOPMENT OF 600 N. ANDREWS AVE
Submitted by:
Related FATVillage, LLC
In Joint Venture with
The Gallery at FATVillage meetsall of the goals of BrowardCounty while providing edgydesign features, affordablerents, and building componentsthat will integrate well with thelocal community
PARTNERSHIPRelated FATVillage, LLC
In Joint Venture with
EXPERIENCE & PROVEN PROFESSIONALS
90,000 Units Since 1979
EXPERIENCE & PROVEN PROFESSIONALS
• Leader in Affordable and Workforce Development• Track Record of Community Involvement• Commitment to CBE Hiring
EXPERIENCE & PROVEN PROFESSIONALS
• Visionaries behind Flagler Arts & Technology (FATVillage) District
• Established 2002• Major Investors and Property Owners
KEY STAFF
Alberto Milo, Jr.Principal and Senior VP
Doug McCrawPrincipal and VP
Luis CastellonVP of Development
Project Manager
Tony Del PozzoVP of Finance
EXPERIENCE & PROVEN TRACK RECORDMIXED USE
INFORT
LAUDERDALE
The Manor at Flagler Village398 Units and 25,000 SF Retail
New River Yacht Club249 Units and 4,400 SF Retail
EXPERIENCE & PROVEN TRACK RECORD
Loft II496 Units and 10,000 SF Retail
AFFORDABLE HOUSING
Town Center127 Units
DESIGN TEAM
LEAD ARCHITECT• Preeminent Architectural Firm in
Fort Lauderdale• Over 10 projects with a value of
over $500m in Fort Lauderdale• Notable Projects
• Manor at Flagler Village• Progresso Pointe • Wisdom Village Crossing
DESIGN CONSULTANTS
Landscape Architect Local Architect Artistic Consultant
CONSTRUCTION MANAGEMENT TEAM
• Over 6 million SF of Multifamily• Multiple Related Group Projects• Strong Track Record of CBE Hiring &
Community Participation
SMALL BUISNESS DEVELOPMENT
CBE FIRMS
• Development• 191 Units – 150 Workforce/Affordable and 41 Market Rate
• Live-Work Units on first two floors• Efficient and highly functional unit layouts to allow for lower monthly rents
• 4,000 sf of retail space for Art Café• Edgy design and streetscape improvements to complement the FATVillage
Development• Unit Features and project amenities that are comparable to Market Rate
Communities• Sustainable Design Features
BEST PROJECT APPROACH
• PRH Investments, LLC - Parent Company and Guarantor • Over $380MM Net worth and $180MM liquidity• Relationships with every major lender doing business in South Florida
• Lease with Broward County• Proposed 60-year Lease Term• $300,000 up-front payment to the County• After stabilization, annual lease payment equal to 25% of net cash flow with
$100,000 minimum payment increasing 3% annually
GREATEST FINANCIAL STRENGTH &COMPENSATION TO COUNTY
FINANCIAL STRATEGY
• Construction Loan Commitment from JP Morgan Chase • Plan is not contingent upon CRA Loan • Permanent Loan Commitment from Pillar Multifamily – DUS Lender for
Fannie Mae & Freddie Mac• Inclusion of market rate units provides for larger permanent loan• Ability to manage efficiently, keeping operating costs down and improving
the feasibility of the project
STRONG TEAM WITH SUBSTANTIAL CAPACITY TO HANDLE WORKLOAD
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