Miami 21 for up tp 30% parking reduction for properties located within a 1/2 mile of a TOD or 1/4 mile of a transit corridor The site provides developers with the potential to develop residential, commercial, or hospitality driven projects Currently, the site allows for the development of up to 8 stories (with bonuses) Uses may include hotel, residential, restaurant, or office Potential tenant/lease of the development Potential to develop more units by doing an assemblage with lot behind it & develop 120 key hotel Commencing on the Opening Date, an amount equal to $16,750 multiplied by the actual number 120 guest rooms = $2M a Year for 20 Year and will be corporate guarantee by the holding company.