State Attorney moving to river in what could be $108 million lease – Miami, Florida

Miami, Florida 2021-06-15 23:18:53 –

Written by Jesse checkers June 15, 2021


Bathroom leaks, air conditioner malfunctions, elevator malfunctions, parking lot flooding. These are some of the things that state lawyer Katherine Fernandez Randall’s office staff say goodbye in about six months when they move to a new space at River Landing Shop & Residence.

The deal is tenants, as River Landing can count new jobs from the State Attorney’s Office to the total job creation that developers say will reach in exchange for a $ 7.5 million grant from Miami-Dade through bonds. And benefits both the landlord. The program said a note from Ed Marquez, Chief Financial Officer of the county.

Miami-Dade Commissioner approves a 30-year lease on Tuesday with River Landing Miami, a limited partnership between Canada-based H & R REIT and Coral Gables-based Urban-X Group. did. North River Drive.

Raquel Legalado, who sponsored a resolution to approve the contract, praised the county’s internal services department for completing the contract and called it a “leap” for the state law firm.

“The state law firm is an important partner for law enforcement agencies to keep our community safe,” she said in a statement. “For years, they’ve been trying to do it in the office from 1970s horror movies. Garage leaks, equipment breaks, and actually bursts at seams. Today we’re important to them. Approved a lease to move them to a brand new office to continue their work. “

The first rental period of the week is OK, starting with the construction of River Landing and the provision of state law firm space on the 6th and 7th floors of the property, the county paying $ 64 million in rent over 20 years. It will be. If the county uses two five-year renewal options, an additional $ 44 million will be paid.

The move has been delayed considerably, according to state prosecutor General Annette Perez, who detailed the “disastrous situation” she and her staff have endured in a long-standing office in Arapata’s Civic Park Plaza Building.

Following Hurricane Irma, Civic Park Plaza suffered extensive flood damage, forcing approximately 110 state prosecutor’s staff to relocate to other facilities for almost a year.

After returning to August 2018, some issues remained unresolved, including chronically non-functional bathrooms, broken elevators, inadequate air conditioning, flooded parking basements, and infrequently used elevators. did.

“Our employees are frustrated, and so are we,” Perez wrote in a letter to Miami-Dade Commission Chairman Jose Pepe Diaz. “This is not a secret. We patiently encouraged team members to give them time to solve county problems, but over the years, nothing has changed. Employees under these conditions Do not force it to work. “

In addition, she wrote that the state law firm has gone beyond that office. Therefore, I didn’t have new debt for about 5 years.

She wrote that the current arrangement puts the state law firm at risk of eviction only 30 days in advance, but all attempts to reach an agreement, including a fine for Civic Park’s failure to repair, We’re screwed.

Fernandez Randall told Diaz in an email on June 14 that he would take state officials from there to a more appropriate and functional space. Case in our county criminal court. “

The new state law firm lease with Riverlanding includes several “turnkey” provisions so that Fernandez Randall and his staff can quickly occupy and use space in about 180 days. ..

Riverlanding has agreed to purchase and install furniture and security equipment, and will provide staff with a low-speed six-seater vehicle of approximately $ 15,000 that will be used to transfer lawyers to and from Richard E. I agreed. The Gerstein Justice Building, half a mile away.

Staff also have access to 101 reserved garage spaces.

According to Marquez, the total financial impact on the county’s general financial resources during the first year of the lease will be $ 3.17 million. This includes a basic rent of $ 2 million ($ 40.50 per square foot), information technology costs and equipment of $ 406,175, security services of $ 223,784, security equipment of $ 120,000, electricity of $ 109,006, and Janitary services of 87,205. $ 77,825 included in outline planning and design. , And a moving cost of $ 46,278.

Marquez included $ 99,993 in lease management fees paid from Miami-Dade’s general revenue sources to the county’s internal services sector in the first year’s expenses.

The state law firm pays a $ 1 sublease.

The agreement includes early lease termination terms at the end of the 10th and 15th years. If the county chooses to terminate the lease at any of these times, it will have to pay $ 1,875,000 after 10 years and $ 937,500 after 15 years to River Landing.

In April 2018, River Landing spanned more than eight acres and was a $ 7.5 million county to support the $ 452 million development of 2.2 million square feet of retail, residential, office and commercial space. I received a grant.

Tenants listed on the website include AT & T, Boulangerie Ltd., Burlington Stores, Chase Bank, Chick-fil-A, Ficelle Bakery, FiveBelow, Hobby Lobby, Lime Fresh Mexican Grill, Old Navy, Planet Fitness, Publix, Ross Dress for Less, TJ Maxx and Ulta Beauty.

In exchange for the grant, Riverlanding has agreed to create and maintain 520 new jobs, paying an average of $ 24,018 over five years.

Miami Today asked Urban-X Principal Andrew Hellinger for comment, but did not respond before the Tuesday night deadline.

In June 2015, Miami-Dade transferred the county-owned land adjacent to the development to the River Landing Conservation Foundation, a non-profit organization “affiliated with the landlord,” Marquez wrote.

In return, within three years, the Foundation agreed to beautify, landscaping, and enhance lighting along the Miami River and nearby green spaces, seawalls, pedestrian bridges, and grounds.

“Until now, nonprofits haven’t made the necessary improvements within the required time frame and are in the process of asking the county to extend their time to meet that commitment,” Marquez added. The county is currently “evaluating the request.”

State Attorney moving to river in what could be $108 million lease Source link State Attorney moving to river in what could be $108 million lease

Back to top button