REQUEST FOR PROPOSALS (RFP#14-15-024)

FOR A LEASE OF CITY-OWNED

RIVERFRONT PROPERTY
SEPTEMBER 14, 2015

SECTION A
TABLE OF CONTENTS

TABLE OF CONTENTS

SECTION A: TABLE OF CONTENTS 2

SECTION B: EXECUTIVE SUMMARY 3
SECTION C: VISION, GOALS AND OBJECTIVES OF PROPOSED PROJECT 1 0
SECTION D: COMMUNITY BENEFITS 14
SECTION E: PROJECT PLAN 16
SECTION F: OPERATIONAL PLAN 42
SECTION G: MARKET ANALYSIS AND ECONOMIC FEASIBILITY 44
SECTION H: FINANCIAL PLAN 46
SECTION I:

FINANCIAL FEASIBILITY47

SECTION J: FINAL RETURN TO THE CITY 49

SECTION K: ATTACHMENTS 50
RFP REGISTRATION FORM (EXHIBIT A) 50
RFP SUBMISSION FORM (EXHIBIT B)52
THRESHOLD QUALIFICATIONS & STANDARDS 79
CERTIFICATION (EXHIBIT D) 119
DISCLOSURE/DISCLAIMER (EXHIBIT E) 120
PROPOSERS ORGANIZATION HISTORY/STRUCTURE & CHART 122
ADDITIONAL INFORMATION 123
CITY OF MIAMI FIRMS 123
LEASE AGREEMENT AFFIDAVIT

124

Request for proposals for A Lease of City-Owned Riverfront Property

SECTION B
EXECUTIVE SUMMARY

EXECUTIVE SUMMARY

A. THE PROJECT
Riverside Wharf, a $18M waterfront re-development project will be Miamis center of gravity for
dining and entertainment, along the Miami River.

AERIAL VIEW LOOKING EAST

Riverside Wharf will consolidate under one single unified seamless urban experience, the
development of the City of Miamis Property, hereinafter Property, subject of this RFP,
alongside with properties either owned or controlled by the Proposer, Riverside Wharf, LLC.
hereinafter RW.

NW RIVER DRIVE

PROPERTY OWNED BY PROPOSER FOR

REFERENCE ONLY.
NOT PART OF THE RFP
CITY OF MIAMI PARCEL.
NOT PART OF RFP

SITE 1
26,836 S.F.

RFP - CITY OF MIAMI PARCEL

SITE 2
31,949 S.F.

MIAMI RIVER

PROPERTY
CONTROLLED
BY PROPOSAL

SITE BREAKDOWN

Request for proposals for A Lease of City-Owned Riverfront Property

EXECUTIVE SUMMARY

The Property consists of 32,000 sq. ft. of land, with approximately 264 lineal feet of frontage
along the Miami River. On the City property we plan to develop a new Garcias Seafood
Restaurant and Raw Bar conceptwith approximately 4,000 sq. ft. of dining space; and, a fish
market. Garcias will be the cornerstone of the development; and rightly so, given their historic
presence along the Miami River for more than 50 years. In many ways, Riverside Wharf is not
just about Miamis future, but also about preserving our past.

CURRENT SITE

CURRENT GARCIAS RESTAURANT

Alongside Garcias will be a 11,000 sq. ft. restaurant, which will be custom built to the needs of
the restauranteur in order to attract the highest caliber of qualified operators to the site. It is our
vision that the restaurant concept should dictate the architectural look and feel of the space.
On either side of the City Property, RW either owns or controls properties immediately to the
North and South of the Citys property. This in a nutshell is the key value of this Proposal to the
City of Miami, which is the ability to carry out a harmonious and unified riverfront development
from I-95 on the South to NW 1st Street Bridge on the North. Together the RW properties add
an additional 27,000 sq. ft. and 278 lineal feet of riverfront to the assemblage, for a total land
area of 59,000 sq. ft. and 599 lineal feet of frontage as depicted in Figure # 1 below. More
importantly, the abutting property increases its frontage along North River Dr. from 54 linear
feet. Effectively increasing its street frontage by 7 times. This eliminates the largest obstacle
to a development of the City Parcel which its lack of a reasonable street frontage to provide
propes ingress and egress and proper view corridors.

FIGURE 1- LANDSCAPE PLAN

Request for proposals for A Lease of City-Owned Riverfront Property

EXECUTIVE SUMMARY

RW is committed to developing both its property and the City Property with low-rise development
that will be at or under 75 feet in height, with a focus on pedestrian areas, plazas, breezeways
and view corridors.

AERIAL VIEW LOOKING NORTHEAST

Combined with the City Property, this public/private partnership will bring four (4) unique
restaurant operations to the Miami River, helping to create Riverside Wharf as Miamis premier
seafood dining destination. The combined four (4) restaurants with a combined air conditioned
space of 33, 703 sq. ft. , with a seating capacity in excess of 1,200 seats; is projected to generate
300 permanent jobs and more importantly, save 30 fishing jobs. These jobs in the F&B industry
will be an opportunity for the local and minority community.
B. THE PROPOSER:
RW-MIAMI ENTREPRENEURS, WITH A PRESENCE IN THE AREA AND COMMITTED TO PRESERVING THE
PAST
The Proposer, Riverside Wharf, LLC, consists of Alex Mantecon and Guillermo Vadell two Miami
hometown raised entrepreneurs that are living the American Dream. After graduating from
College, Alex worked in the financial and real-estate markets as theVP of a multinational
$1.6 bln Hedge Fund; and in 2008 started MV Real Estate Holdings LLC together with the help
of long-time friend Guillermo Vadell. Guillermo has been acquiring, managing and disposing
of real-estate for 15 years and has successfully transacted on over 300 properties. Following
the collapse of the real estate market Alex and Guillermo, focused their financial skills on the
opportunities presented by South Floridas distressed real estate market; and started acquiring
properties in the region. One of these properties abuts the City Property, on its Northern
boundary; and, they also control under a long-term lease the property that abuts the Citys
property on its Southern border. Just as important, they are finalizing construction across the
street on a 100,000 sq. ft. mixed-use 9 story retail, restaurant and self storage facility, where
they have actively involved FIU and its art students in a public mural as part of the project.
This building is slated to house an amazing 11,000 sq. ft. rooftop restaurant with some of the

Request for proposals for A Lease of City-Owned Riverfront Property

EXECUTIVE SUMMARY

most breathtaking views of the Miami River and the downtown skyline and further cementing
Riverside Wharf as a culinary destination in Miami.
The proposers are also having the Garcia brothers as part of their bussiness team. Esteban
Garcia & Luis Garcia are involved in the day-to-day operations of all aspects of Garcias
Restaurant. They aim to continue to evolve the dream and the aspirations of their father, to be
the very best seafood in the city. Today, they continue to offer a steady supply of their locally
caught seafood, prepared to perfection.
C. THE DEVELOPMENT TEAM:
BERMELLO, AJAMIL & PARTNERS ARCHITECTS AND ENGINEERS
RWs development team consists of an all-star cast, consisting of the architectural/engineering
firm of Bermello, Ajamil and Partners, Inc. (B&A), headquartered in Coconut Grove, where
they have had an enormous influence in the Citys urbanscape with award winning design
projects stretching from Coconut Grove to Brickell, and north of the Design District.
MCM GENERAL CONTRACTORS
Joining B&A is MCM General Contractors, the largest Hispanic contractor in the United States
with a $1Billion dollars bonding capacity, and a broad experience ranging from civil works
including sea walls, marine piers and bridges, to multi-story mid and high-rise buildings. Working
jointly with B&A, MCM recently completed the Countys Terminal D at Port of Miami, which
has been recently certified LEED Silver; and MCM is currently building the mid-rise mixed-use
retail and self-storage complex across the street form the subject property.
GREENBERG-TRAURIG LEGAL
RWs legal counsel for land use, RFP compliance and lease negotiations, is the renowned
national law firm of Greenberg Traurig.
KONIVER STERN GROUP RESTAURANT/RETAIL BROKER
Rounding out the RW development team is Lyle Stern, of Koniver Stern Group, one of South
Floridas premier commercial brokers, specializing in food/beverage and restaurant experiences.
Their mandate is to bring along with the future Garcias Restaurant Oyster Bar and Fish Market,
the most enticing complex of dining and entertainment experiences to Riverside Wharf.
OCEAN CONSULTING,LLC MARINA DESIGN
Ocean Consulting, LLC establishes its integrity in the environmental consulting world by providing
strategic solutions to complex environmental projects in the coastal & waterfront marketplace,
both domestically and internationally. Ocean Consulting has realized the visions of numerous
clients through thoughtful, aggressive, cutting-edge strategies that provide sustainable solutions
to environmental and engineering hurdles in the most cost-effective manner possible.

Request for proposals for A Lease of City-Owned Riverfront Property

EXECUTIVE SUMMARY

Note: Riverside Wharf, Garcias Restaurant, B&A and MCM are majority owned by Hispanics;
and all are headquartered in South Florida. Please refer to the Organizational Chart found in
Section K for additional information regarding our Local and Minority Representation.
D. THE RIVERSIDE WHARF DESIGN FEATURES

MAIN ENTRANCE LOOKING NORTHWEST

The design of Riverside Wharf by B&A is a striking architectural statement which presents a juxta
position of maritime industrial vocabulary to recall the areas past, within a modern framework
of sculptural steel, sheet metal, concrete and glass. The theme recalls the origins of the working
river and as such, makes an iconic statement along the riverfront.

SUSHI
SAMBA
PARKING
P

PARKING
P

CITY
C

JOSE MARTI
PARK
PARKING
P

RIVERFRONT OPEN SPACE

RIVER CROSS SECTION

Request for proposals for A Lease of City-Owned Riverfront Property

EXECUTIVE SUMMARY

The design features four (4) 2-story restaurants with roof top gardens, creating the wharf along
the Miami River, enclosed by a fish market at the East, but characterized by its low density and
openness, consisting of plazas; breezeways; and, promenades. Over 60% of the combined
land area is usable open space.
E. COMMUNITY BENEFITS
The proposal by RW will be a community driven development, where instead of focusing on
the highest and best use, RW and its development team focused on the most appropriate use
and highest public benefits while still being economically feasible. If approved by the City of
Miami, RWs proposal will result in the following public benefits:
NW NORTH RIVER DRIVE

P
L

P
L

CITY OF MIAMI PROPERTY

NOT PART OF RFP

EX
PR
ES
SW
AB AY
O S
VE .R
.9

ABOVE

RESTAURANT 1

P
L
15

SITE 1

SETBAC
K

'-

0"

EA
SE
MEN
T

RESTAURANT 2

P
L

(I95
)

EA
SE
MEN
T

P
L

PARKING

MIAMI RIVER

RESTAURANT 3

SITE 2

RESTAURANT 4

SETB
ACK

P
L

AREA BREAKDOWN- SITE 1 & 2

TOTAL GROSS BUILDING:

33,703

TOTAL GROSS SITE:

TOTAL GROUND FLOOR:
TOTAL OPEN AREA:

58,785.7 SF
20,305 SF
38,480.7 SF

GROUND LEVEL SITE PLAN

SF

AREA BREAKDOWN- SITE 1

AREA BREAKDOWN- SITE 2

RESTAURANT 1
RESTAURANT 2
GROUND:
2,808 SF GROUND:
5,305 SF
SECOND:
2,800 SF SECOND:
6,621 SF

RESTAURANT 3
RESTAURANT 4
GROUND:
3,477 SF GROUND:
8,715 SF
SECOND:
1,987 SF SECOND:
1,990 SF

TOTAL:

TOTAL:

5,608 SF TOTAL:

TOTAL GROUND FLOOR:

11,926 SF
8,113

SF

5,464 SF TOTAL:

TOTAL GROUND FLOOR:

PARCEL UNDER LEASE

TO PROPOSER

10,705 SF
12,192

SF

Garcias Seafood Restaurant & Raw Bar concept will be the centerpiece of the
development along with Garcias Fish Market, thus preserving the Citys rich historic past
in the Maritime industry.
A continuous riverfront promenade that will extend from I-95 to NW 1st Street Bridge.
Three (3) plaza and breezeways entries will provide exciting view corridors to pedestrians
and motorists along North River Drive.
MIAMI RIVER
INN

SUSHI
SAMBA

MIAMI RIVER
INN

PARKING
P

PARKING
P

PARKING
P

SUSHI
SAMBA
PARKING
P

PARKING
P

PARKING
P

FPL

FPL

FPL

FPL

JOSE MARTI
PARK

PARKING
P

PARKING
P
FPL

FPL

RIVERFRONT CONTINUITY

PARKING
P

CITY
C

CITY
C

JOSE MARTI
PARK

PARKING
P

RIVERFRONT VIEW CORRIDORS

Request for proposals for A Lease of City-Owned Riverfront Property

EXECUTIVE SUMMARY

Over 60% of the combined land area will be usable open space, available to the public.
In addition, the central plaza will have an interactive water feature, plus a fish weighing
station for fishing boats; and a Riverside Wharf selfie-stand for visitors and tourists to have
their photo taken.
Temporary docking for over ten (18) leisure yachts will be provided for, along the continuous
599 ft. bulkhead from the combined properties
Riverside Wharf will be low rise in character, with no building or structure exceeding three
(3) stories or 75 in height.
RW and MCM is committing to 100% local hiring in terms of subcontractors; hired laborers
and vendors. In addition, each of the four (4) restaurants will attempt to achieve 30%
minority hiring goal; and a 100% local labor hiring goal, except for the hiring of the chef
and sous chef positions which will be open to the best available candidate. (Please see
the Additional Information in Section K for more information on our program and outreach
goals.)

F. REVENUE/RETURNS TO THE CITY

Pursuant to RWs commitment to preserve a marine character, fish market and low density
development, while dedicating to more than 60% of the consolidated properties footprint to
usable open space, enhancing public access and enjoyment of the waterfront, ultimately
limits the revenue potential of the property. Notwithstanding, RWs offer to the City will almost
double the Citys current ground rent on the property, and provide the City with a minimum
guaranteed rent in excess of $22 million over the life of the lease while accomplishing the
following tangible benefits to the City:
The Citys Property will undergo an improvement in excess of $6 Million taking into account
the new Garcias Restaurant & Oyster Bar + Fish Market; and the neighboring 11,000 sq. ft.
restaurant and entertainment complex.
The Riverfront shoreline currently in need of major repair will be replaced with a code and
FEMA compliant seawall, bulkhead and riverfront promenade.
The adjoining properties, currently vacant, will be similarly improved with another $6Million
improvement in the other two (2) restaurants on private property. The modest contribution
to the Citys tax base would not be taking place, if not for this City initiative.

Request for proposals for A Lease of City-Owned Riverfront Property