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R E S I D E 
WHERE THE BAY MEETS THE CITY
STAY CONNECTED 
BE IN THE MIDDLE OF IT ALL
W YN WOOD 
M IDTOWN 
S O U T H O F FIFTH 
SOUTH B EAC H 
D OWNTOW N 
B RIC K ELL 
AR TS & 
EN TER TAIN M EN T 
D IS TRICT 
M AGNOL IA PARK 
D ES IGN D IS TRICT 
EAS T ED GEWATER 
ED G EWATER 
SEE LEGAL DISCLAIMER ON BACK PAGE
DESIGN DISTRICT 
Home to the most recognized names in fashion, Miami’s own 
Rodeo Drive has become the top destination for those looking 
for fine cuisine, bespoke design studios and luxury retail. 
WYNWOOD 
With more art galleries than one can imagine, the richness of 
this neighborhood lingers for miles across the walls intersecting 
contemporary boutiques, trendy eateries and hip nightlife. 
THE BEACHES 
Just a few miles across the causeway to sapphire waters, the 
cosmopolitan and the casual mystically combine in the art deco 
design of world-renowned restaurants, star-studded nightclubs 
and other entertainment venues. 
DOWNTOWN 
The mix of skyscrapers, restaurants, arenas and museums has 
never been more picturesque. Proving that business and pleasure 
make for a perfect marriage, Downtown reigns supreme. 
MIDTOWN 
In the midst of the hustle and bustle of the city, you’ll find this multiplex 
center for popular restaurants and retail stores, making it one of the 
city’s main corridors. 
ENTERTAINMENT DISTRICT 
Infusing the city with its vibrant pulse is this cultural hub that 
includes the Miami City Ballet, the Florida Grand Opera, the 
Adrienne Arsht Performing Arts Center and the new Perez Art 
Museum Miami, all along the waters of Biscayne Bay. 
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Q :Who is behind this development? 
• DACRA- Founded by CEO Craig 
Robinsin 1987,Dacrawasan early 
pioneer in the revitalization of Miami's 
South Beach,aswell asin the 
restoration and preservation of itsArt 
Deco architecture.Lincoln Road and 
the South Beach Fashion District-two 
neighborhoods in which Dacraplayed 
a significant role in redeveloping-have 
both experienced tremendous 
success.. 
Giorgo Armani, Givenchy, Hublot, IWC, Loewe, Marc Jacobs, Miu Miu, 
Panerai, Parmigiani, Piaget, Tag Heuer, Tiffany & Co., Tom Ford, Tod’s, 
Valentino,Van Cleef &Arpels,and Ermenegildo Zegnaamongothers. 
Q :When will the new development 
begin to open? 
Fall 2014!!! 
Q :What architects are par ticipating in the 
new development? 
• Aranda/Lasch,Duany Plater-Zyberk & 
Company,Sou Fujimoto,Island 
PlanningCorporation,K/R,Leong 
Leong,Johnston Marklee,Iwamoto 
Scott and MOSArchitects 
Q :What brands can we expect to see in the Miami Design District’s 
new development?
95 
RESORTS WORLD MIAMI 
3 min, 1.1 miles 
A1A 
A1A 
YOUNG ARTS 
FOUNDATION 
2 min, 0.4 miles 
95 
968 
9 
PUBLIC SCULPTURE 
AND ART PARK 
MARGARET PACE PARK 
3 min, 0.9 miles 
BAYFRONT PARK 
5 min, 1.9 miles 
BAYSIDE 
MARKETPLACE 
5 min, 1.7 miles 
BRICKELL CITY CENTER 
7 min, 2.8 miles 
MARY BRICKELL VILLAGE 
8 min, 3.1 miles 
BRICKELL FINANCIAL DISTRICT 
9 min, 3.3 miles 
SOUTH BEACH 
12 min, 5.7 miles 
MARLINS PARK 
8 min, 3.8 miles 
DOWNTOWN 
MIAMI 
ATLANTIC 
OCEAN 
TROLLEY 
ROUTE 
95 
MIAMI DESIGN 
DISTRICT 
2 min, 0.8 miles 
112 
SHOPS AT 
MIDTOWN 
3 min, 1.1 miles 
1 
836 
A1A 
195 
ADRIENNE ARSHT CENTER 
3 min, 1.1 miles 
395 
27 
41 
9 
PÉREZ ART MUSEUM 
4 min, 1.5 miles 
MIAMI INT. AIRPORT 
12 min, 7.5 miles 
MUSEUM OF SCIENCE 
4 min, 1.4 miles 
AMERICAN 
AIRLINES ARENA 
5 min, 1.7 miles 
MIAMI BEACH 
13 min, 6.3 miles 
WYNWOOD 
ART DISTRICT 
3 min, 0.7 miles 
SEE LEGAL DISCLAIMER ON BACK PAGE
THE NEW MIAMI IS EMERGING 
NOW TRULY A WORLD CLASS CITY – 
ION EAST EDGEWATER IS CONNECTED TO IT ALL
Histo ric ally, Miam i has been renow ned for its stunning b eac hes, internatio nal financ e, and no n- sto p 
nig htlife. Tod ay, however, p eo p le from all over the wo rld are c hoo sing Miam i as the ultim ate 
d estinatio n in w hic h to live in term s of c ulture, ind ustry, and enter tainm ent. The c ity has been lab eled 
as the Wall Street of the So uth for its b usiness and com m erc e reac h into Latin Am eric a, the 
Caribbean, So uth Am eric a, and b eyo nd. With the d irec t ocean ac c ess via Governm ent Cut, the Po r t 
of Miam i is not o nly p ic turesq ue, b ut vital to the reg io n and the state. Peo p le flo c k to the c ity 
to take par t in the festivities and exhib its of Ar t Basel in Dec em b er; the Coconut Grove Ar ts Festival 
in Feb ruary; and the So ny Op en Tennis To urnam ent eac h Marc h o n Key Bisc ayne. Throug ho ut 
Pérez Art Museum Miami American Airlines Arena in Downtown Miami 
Patricia and Phillip Frost Museum of Science 
Adrienne Arsht Performing Arts Center 
the rest of the year, b oat shows, fitness c halleng es, food and w ine festivals, and more at trac t an 
aud ienc e from d ozens of countries. And, w ith rec ent ad d itio ns suc h as the Arsht Center for the 
Per form ing Ar ts, The Perez Ar t Museum, the Frost Museum of Sc ienc e, Am eric an Airlines Arena, 
Mary Bric kell Villag e, and the upcom ing hig h- speed rail servic e – All Ab oard Flo rid a – connec ting 
Miam i to other key Flo rid a c ities suc h as Orland o and Tam pa, Miam i now has the at tentio n of the 
entire wo rld for its ever- g row ing d iversity, internatio nal c uisine, hig h- end shopp ing, and wo rld- c lass 
enter tainm ent...m aking Miam i syno nymo us w ith cosmopo litan c ity living. 
All Aboard Florida Port of Miami 
Miami World Center 
Brickell City Center 
Miami – The New Capital of International Interest 
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INTRODUCING ION EAST EDGEWATER 
HIGH DESIGN – 
AT PRICES YOU CAN LIVE WITH
SEE LEGAL DISCLAIMER ON BACK PAGE
SEE LEGAL DISCLAIMER ON BACK PAGE
EAST EDGEWATER…THE BIRTH OF MIAMI’S HOTTEST NEW NEIGHBORHOOD INCLUDING A 
PUBLIC SCULPTURE AND ART PARK - WITHIN STEPS OF ION East Edgewater 
One of the highlights proposed in the park design is there will be outdoor sculptures by 
accomplished local and international artists including Cuban artist Jose Bedia Valdes and 
Argentinian artists Carolina Sardi and Eugenio Cuttica. 
SEE LEGAL Proposed renderings and artists of public sc ulpture and art park by neighboring developer. This is not intended to be used as a c ontract doc ument. DISCLAIMER ON BACK PAGE 
This is c onceptual and any and all elements of it may be revised as per further coordination and information is made available.
RESORT LIVING COMES HOME 
–ESCAPE FROM THE CITY
COMING HOME – LOBBY/MAILROOM LOUNGE/BUSINESS CENTER – 
MEET YOUR NEIGHBORS BEFORE RETREATING TO YOUR HOME
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The 75 foot pool, Jacuzzi and reflecting pond repeat the cascading water effect as shown on the sides of the building. 
SEE LEGAL DISCLAIMER ON BACK PAGE
SEE LEGAL DISCLAIMER ON BACK PAGE 
Dive In Movie Theatre is super unique
The communal fire pit and summer kitchen all add to ION’s uniqueness of a private community where you can 
entertain all within ION’s 8th floor deck. Walled hedges with windows provide intimacy. SEE LEGAL DISCLAIMER ON BACK PAGE
Mood shots of materials in party room/lounge SEE LEGAL DISCLAIMER ON BACK PAGE
SEE LEGAL DISCLAIMER ON BACK PAGE
FAMILY RECREATION ROOM
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ROOFTOP SKY LOUNGE SEE LEGAL DISCLAIMER ON BACK PAGE
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ROOFTOP SUNSET LOUNGE SEE LEGAL DISCLAIMER ON BACK PAGE
VIEWS 
ENJOY THE CITY AND THE BAY
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NORTHEAST VIEW
SOUTH VIEW 
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SOUTH VIEW
TEAM 
TRULY A GLOBAL “A” TEAM
DEVELOPER TEAM 
TH E DEVELOPER 
ION EAST EDGEWATER is b eing d evelo p ed by Edgew ater Miam i, LLC, w hic h is an entit y form ed by af filiates of SAKOR Developm ent 
LLC and Encore Ho using Op p o r tunit y Fund. SAKOR Developm ent, LLC is a p ar tnership of two real estate industry veterans, 
Barb ara Salk and Step hen Ko rnfeld, eac h w ith ex tensive So uth Flo rid a exp erienc e in a d iversit y of larg e g round - up d evelopm ent 
p rojec ts. Their com b ined d evelopm ent and ex tensive construc tio n exp erienc e sp an successful c areers that b ring over 75 years 
of exp er tise to their p rojec ts. Addito nally they have collab o rated o n several p rojec ts inc lud ing the land assem bly and zoning 
approvals for Icon Palm Beac h (150 unit p rojec t in West Palm Beac h, FL) and the m ec hanic al and p lum b ing for Cit y Plac e So uth 
Tower (420 unit p rojec t in West Palm Beac h, FL). 
Encore Ho using Op p o r tunit y Fund is an opp o r tunistic real estate fund m anag er w hic h invests in resid ential real estate, w ith 
of fic es in Flo rid a and Califo rnia. Encore is a seaso ned resid ential real estate d evelopm ent and investm ent firm , w ith land 
ac q uisition, d evelopm ent, and construc tion c ap ab ilities in- ho use. Enc ore operates two opp or tunistic funds and one p rivate REIT, 
w hic h w hen fully d ep loyed, are antic ip ated to have in exc ess of $ 1B AUM. Encore c urrently has investm ents in Miam i, Orland o, 
Jac kso nville, Tam p a, Dallas, Lo s Ang eles, Sac ram ento, Pho enix, and San Franc isc o. The lead ership of Encore is also invo lved in 
Miam i Wo rldcenter, o ne of the larg est urb an m ixed use p rojec ts in the country. 
B a rb a ra Salk , Pr in c ip al 
Ms. Salk b ring s 25 years of m ulti- d isc ip lined real estate exp erienc e w ith the last 15 years focused m ainly in d evelopm ent, sales 
and leasing of residential and com m erc ial pro p er t y. 
Ms. Salk served as o ne of The Related Group’s most senio r cond om inium d evelo p ers in Flo rid a for 11 years and has overseen 
all d isc iplines of several residential pro je c ts representing over $ 1 billio n in value and 2,000 units. Her com prehensive exp erienc e 
ex tends from land ac q uisition and underw riting p ro jec t transac tions to the full d evelopm ent and sales p rogram for a condom inium 
o r m ixed - use p rojec t. Her local relatio nship s w ith contrac to rs and vend o rs p rovid e invaluab le insid er, g round - level intellig enc e and 
favo rab le p ric ing. In 20 0 9 d uring the m arket d ow ntow n, Ms. Salk led asset m anag em ent team s in unp rec ed ented cond om inium 
c lo sing s in two d istressed subm arkets fo r two larg e b ank synd ic ates encom passing 12 lend ing institutio ns. 
Prio r to The Related Group, Ms. Salk w as em p lo yed by J. E. Ro b er ts /Arc ho n Group (a sub sid iary of Go ldm an Sac hs) for 8 years 
w here she oversaw the p hysic al d ue d ilig enc e and neg otiated approp riate p ric ing ad justm ents for approxim ately $ 18 b illio n in 
lo an and real estate p o r t folio acquisitio ns. She also assisted in neg otiatio ns for environm ental and c ap ital fund ing ad justm ents 
w ith lend ers and rating ag enc ies o n transac tio ns totaling over $ 3.5 b illio n in p roceed s. 
St e p hen Ko rn fe ld , Pr in c ip a l 
Mr. Ko rnfeld is the third g eneratio n of his fam ily in the construc tio n ind ustr y, p ar tic ip ating in the d evelopm ent and construc tio n 
of m ajo r p rojec ts wo rldw id e, m any of w hic h are located in So uth Flo rid a. He is p ar tic ularly w ell know n and respec ted in the 
Mec hanic al, Plum b ing and Elec tric al contrac ting field s having p er form ed wo rk throug h his com p anies o n some of the larg est and 
com p lex p rojec ts b uilt in rec ent histo ry. He has a lo ng and successful histo ry in the internatio nal construc tio n w o rld as well. He 
first d evelo p ed p rojec ts in his early twenties in the US Virg in Island s w here he conc eived and b uilt well over a tho usand units of 
ho using for locals und er g overnm ent assisted p rog ram s. 
Mr. Ko rnfeld ’s MEP com p anies have com p leted assig nm ents for some of the larg est p rojec ts in New Yo rk, inc lud ing The Wo rld 
Financ ial Center (3 tow ers, eac h 2 m illio n sf), IBM Wo rld Headquar ters, AT&T, Go ldm an Sac hs and General Food s, the 2,000 - b ed 
NY Presbyterian Ho sp ital and 2,000 - b ed additio n to the NY Mo unt Sinai Ho sp ital. 
Mr. Ko rnfeld g rew w hat w as a sm all fam ily b usiness into a cong lomerate of sp ec ialt y com p anies, w hic h w as so ld in 20 11 to Tuto r 
Perini Corp oration. 
In 20 0 4, Mr. Ko rnfeld and p ar tners p urc hased Nag elb ush Mec hanic al in So uth Flo rid a. Throug h his Flo rid a com p any, Mr. Ko rnfeld 
has com p leted the m ec hanic al and p lum b ing for over 20 of the m ajo r hig h- rise p rojec ts rec ently b uilt in the Miam i area. 
Barb ara Salk 
Princip al 
Stephen Ko rnfeld 
Princip al 
SEE LEGAL DISCLAIMER ON BACK PAGE
DEVELOPER’S PROJECT HISTORY 
Bar bar a Salk, a s Senior Developer o f The Related Group 
CityPlace - Sout h To w e r 1 
West Palm Beach, Florida 
The Slade 
West Palm Beach, Florida 
CityPlac e – Condominium Conversion 
West Palm Beach, Florida 
2 0 8 0 Ocean Drive 
Hallandale Beach, Florida 
The Prado 
West Palm Beach, Florida 
Villa Lof ts 
West Palm Beach, Florida 
SEE LEGAL DISCLAIMER ON BACK PAGE
DEVELOPER’S PROJECT HISTORY 
Universi t y Riverview 
Bronx, New York 
8 0 B r oad Street 
Stamford, Connect icut 
Baryshnikov Art s Center 
New York, NY 
F reedom Towe r 
New York, NY 
Stephen Kornfeld, a s Developer 
The Marq u i s Condominium 
& Hotel 
Miami , Florida 
Par amoun t Bay 
Miami , Florida 
St. Regi s Bal Harbour 
Bal Harbour, Florida 
SEE LEGAL DISCLAIMER ON BACK PAGE 
Stephen Kornfeld, a s Special t y M&P Cont rac tor
ARQUITECTONICA 
Ar c h it e c t 
Arq uitec to nic a is an arc hitec ture, interio r d esig n and p lanning firm that b eg an in Miam i in 1977 as an exp erimental 
stud io. Led by Bernard o Fo r t-Bresc ia and Laurind a Sp ear, the stud io has evo lved into a wo rldw id e p rac tic e, com b ining 
the c reative sp irit of the p rinc ip als w ith the ef fic iency of d elivery and reliab ilit y of a m ajo r arc hitec tural firm. 
To d ay Arq uitec to nic a has a p rac tic e ac ro ss the United States d irec ted from reg io nal of fic es in Miam i, New Yo rk 
and Lo s Ang eles. Arq uitec to nic a’s internatio nal p rac tic e is sup p o r ted by a Euro p ean reg io nal of fic e in Paris; Asian 
reg io nal of fic es in Ho ng Ko ng , Shang hai and Manila; the Mid d le East reg io nal of fic e in Dub ai; and Latin Americ an 
reg io nal of fic es in Lim a and São Paulo. 
Sinc e its fo und ing in 1977, Arq uitec to nic a has wo n numero us Americ an Institute of Arc hitec ts and Pro g ressive 
Arc hitec ture Desig n Award s. The firm has been named the AIA Flo rid a Firm of the Year, and in testimony to the 
lo ngevit y of the firm’s wo rk, Arq uitec to nic a wo n the AIA Test of Time Award fo r the Banc o d e Cred ito Headquar ters, 
The Atlantis cond om inium and the Pink Ho use. Arq uitec to nic a has wo n more than 20 0 total award s fo r its iconic 
d esig ns. The firm’s wo rk has been featured in more than 5,000 natio nal and internatio nal p ub lic atio ns suc h as Time, 
New sweek, Life, Fo r tune and Business Week, as well as numero us p rofessio nal jo urnals suc h as Arc hitec tural 
Record, Pro g ressive Arc hitec ture, Arc hitec tural Desig n, Dom us, Glo b al Arc hitec ture, L’Arc hitec ture D’aujo urd’hui, 
Ab itare and Häuser. 
Arq uitec tonic a’s work sp ans several c ontinents, from p ro jects suc h as sc ho o ls and universities, resor ts and 
casino s, hotels, luxury cond om inium towers, retail c enters and of fic e b uild ing s to sp ec ialized p ro jec ts suc h as a 
U.S. Em bassy, o p era ho use / sym p ho ny halls, m useum s, cour tho uses, m ultip urp o se arenas and conventio n c enters, 
airp or ts and transp or tation c enters, television stud ios and several b ank headquar ters. 
Insp irat ion fo r b uild ing ... 
The b uild ing is a metap ho ric al m ap of the uniq ue lo c at io n of the p ro p er ty. The w estern p o r t io n of the b uild ing 
rep resents the Miam i/ Edgew ater area and the eastern p o r t io n rep resents Miam i Beac h. The tw o areas are jo ined 
together by Bisc ayne Bay flow ing b etw een them. As the b uild ing is turned up rig ht, the Bay turns into a sensual 
c asc ad ing w ater fall and b ec omes a landm ark lig hted b eac o n at nig ht fo r all to enjoy. 
Bernard o Fo r t-Bresc ia, FAIA Casc ad es at East Edgewater 
Icon Brickell Condominium + Brickell CitiCentre American Airlines Arena Canyon Ranch Hotel, Spa Banco Wiese 500 Brickell Condominum 
Viceroy Resort Brickell, Florida Miami, Florida and Residences Lima, Peru Miami, Florida 
Miam i Beach, Flo rid a 
SEE LEGAL DISCLAIMER ON BACK PAGE 
Miam i, Florid a
HIRSCH BEDNER ASSOCIATES 
In t e r io r De s ig n e r 
Hirsh Bed ner Associates b ring s hotel c hic d esig n to Sp ec tra at East Edgew ater. Wo rld - renow ned as the “Num b er 
1 Ho sp italit y Desig n Firm ” and ho no red in 20 13 by the Go ld Key Award s, Ho sp italit y Desig n, Persp ec tive Award s, 
the Bo utiq ue Desig n Aw ard s and the Europ ean Hotel Desig n Aw ard s ; HBA/Hirsc h Bed ner Associates, unveils the 
wo rld’s most antic ip ated hotels, reso r ts, and sp as. Lead ing the hotel d esig n ind ustry sinc e 19 65, HBA rem ains 
keenly at tuned to the p ulse of c hang ing ind ustry trend s g overned by to d ay’s sophistic ated traveler. 
The com p any’s internatio nal p resenc e, d ep th of exp erienc e, and d etailed ind ustry know ledge enab les them to 
id entify interio r d esig n trend s at their so urc e, m ake d efinitive p red ic tio ns ab o ut new d irec tio ns and innovatio ns, 
and influenc e d esig n stand ard s at a g lo b al level. HBA’s ultim ate o b jec tive is to ad d value, raise stand ard s and 
enhance the b rand of a p ro jec t’s ow ner and operato r. 
HBA c reates the sig nature lo o ks of to d ay’s luxury b rand s, ind ep end ent contem p o rary b o utiq ues, urb an reso r t 
sp as, wo rld - c lass resid enc es, restaurants, casino s, and c ruise ship s. From continent to continent, eac h HBA 
interio r is the result of a uniq ue and sensitive resp o nse to locatio n, arc hitec ture, and c lient visio n. With over 1,20 0 
d esig ners around the g lo b e in 16 of fic es and a rec ent exp ansio n in several locatio ns in Asia, HBA is a true g lo b al 
com p any w ith more than 75% of its em p loyees now o utsid e the United States. HBA’s internatio nal p resenc e, 
com b ined w ith its ex tensive know ledge of the interio r d esig n ind ustry, has fac ilitated the ab ilit y to rew rite the 
lang uag e of d esig n w ith eac h new p rojec t. 
HBA has of fic es in Lo s Ang eles, Atlanta, San Franc isc o, Lo nd o n, Ho ng Ko ng, Beijing, Shang hai, To k yo, 
Sing ap o re, Melb o urne, New Delhi, Dub ai, Mo sc ow, Istanb ul, Bang ko k and Manila. 
Fo ur Seaso ns Hotel, Guangzho u 
Gre g Bates, NCIDQ 
Mandarin Oriental, Miam i Mand arin Oriental, New Yo rk 
Tim e Warner Center 
JW Marriott Hotel Beijing 
The Reef Atlantis Park Hyat t Hyd erabad 
Mandarin Oriental, Washing to n 
DC 
SEE LEGAL DISCLAIMER ON BACK PAGE
SALIENT POINTS: 
• RESORT LIVING COMES HOME – 
NUMBER ONE HOSPITALITY DESIGNER IN 
THE WORLD 
• UNIQUE OPPORTUNITY: 
HIGH DESIGN - 
AT PRICES YOU CAN LIVE WITH 
• CONNECTIVITY 
WHERE THE BAY MEETS THE CITY 
• ESTABLISHED GLOBAL A TEAM 
DELIVER QUALITY WITH LOCAL EXPERTISE
Oral representatio ns c annot be relied upo n as c o rrec tly stating the representatio ns of the Develo per. Fo r c o rrec t representatio ns, reference sho uld be made to the do c uments req uired by sec tio n 718.503, Flo rid a Statutes, to be furnished a 
Develo per to a buyer o r lessee. This offering is m ade o nly by the pro spec tus fo r the c o ndom inium and no statement sho uld be relied upo n if no t made in the pro spec tus. This is not an offer to sell, o r so lic itatio n of offers to buy, the c o ndom inium 
units in states w here suc h offer o r so lic itatio n c annot be m ade. Pric es, p lans and spec ific atio ns are subjec t to c hange w itho ut notic e. This co ndom inium is being develo ped by Edgewater Miam i, LLC, a Flo rid a lim ited liab ilit y c om pany (the 
“Develo per” ), w hic h has a lim ited rig ht to use the tradem arked names and lo gos of Enc ore Ho using Oppo rtunit y Fund pursuant to a lic ense agreement with Encore Housing Opportunity Fund. Any and all statements, disc losures and /or 
representatio ns shall be deemed m ade by the Develo per and not by Enc o re Ho using Oppo rtunit y Fund or any other part y, and potential o r ac tual purc hasers shall lo ok so lely to the Develo per (and not to Enc o re Ho using Oppo rtunit y Fund and / or 
any of its affiliates) w ith respec t to any and all m at ters relating to the m arketing and /o r develo pm ent of the c o ndom inium and w ith respec t to the sales of units in the c o ndominium. The g raphic s and text reflec ted are the c o pyrig hted pro pert y of the 
Develo per. The rendering s illustrate and dep ic t the sp irit of a lifest yle; however, amenities and at trac tio ns of the c o ndom inium are subjec t to c hange. While there are water views at the pro pert y, views may vary. The restaurant is subjec t to the 
Develo per o btaining all nec essary and appro priate perm its, no ne of w hic h have been o btained. Any restaurant is intended to be privately o perated by a third part y o perato r from a c om merc ial spac e.

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Ion east edgewater presentation

  • 1.
  • 2. R E S I D E WHERE THE BAY MEETS THE CITY
  • 3. STAY CONNECTED BE IN THE MIDDLE OF IT ALL
  • 4. W YN WOOD M IDTOWN S O U T H O F FIFTH SOUTH B EAC H D OWNTOW N B RIC K ELL AR TS & EN TER TAIN M EN T D IS TRICT M AGNOL IA PARK D ES IGN D IS TRICT EAS T ED GEWATER ED G EWATER SEE LEGAL DISCLAIMER ON BACK PAGE
  • 5. DESIGN DISTRICT Home to the most recognized names in fashion, Miami’s own Rodeo Drive has become the top destination for those looking for fine cuisine, bespoke design studios and luxury retail. WYNWOOD With more art galleries than one can imagine, the richness of this neighborhood lingers for miles across the walls intersecting contemporary boutiques, trendy eateries and hip nightlife. THE BEACHES Just a few miles across the causeway to sapphire waters, the cosmopolitan and the casual mystically combine in the art deco design of world-renowned restaurants, star-studded nightclubs and other entertainment venues. DOWNTOWN The mix of skyscrapers, restaurants, arenas and museums has never been more picturesque. Proving that business and pleasure make for a perfect marriage, Downtown reigns supreme. MIDTOWN In the midst of the hustle and bustle of the city, you’ll find this multiplex center for popular restaurants and retail stores, making it one of the city’s main corridors. ENTERTAINMENT DISTRICT Infusing the city with its vibrant pulse is this cultural hub that includes the Miami City Ballet, the Florida Grand Opera, the Adrienne Arsht Performing Arts Center and the new Perez Art Museum Miami, all along the waters of Biscayne Bay. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 6. Q :Who is behind this development? • DACRA- Founded by CEO Craig Robinsin 1987,Dacrawasan early pioneer in the revitalization of Miami's South Beach,aswell asin the restoration and preservation of itsArt Deco architecture.Lincoln Road and the South Beach Fashion District-two neighborhoods in which Dacraplayed a significant role in redeveloping-have both experienced tremendous success.. Giorgo Armani, Givenchy, Hublot, IWC, Loewe, Marc Jacobs, Miu Miu, Panerai, Parmigiani, Piaget, Tag Heuer, Tiffany & Co., Tom Ford, Tod’s, Valentino,Van Cleef &Arpels,and Ermenegildo Zegnaamongothers. Q :When will the new development begin to open? Fall 2014!!! Q :What architects are par ticipating in the new development? • Aranda/Lasch,Duany Plater-Zyberk & Company,Sou Fujimoto,Island PlanningCorporation,K/R,Leong Leong,Johnston Marklee,Iwamoto Scott and MOSArchitects Q :What brands can we expect to see in the Miami Design District’s new development?
  • 7. 95 RESORTS WORLD MIAMI 3 min, 1.1 miles A1A A1A YOUNG ARTS FOUNDATION 2 min, 0.4 miles 95 968 9 PUBLIC SCULPTURE AND ART PARK MARGARET PACE PARK 3 min, 0.9 miles BAYFRONT PARK 5 min, 1.9 miles BAYSIDE MARKETPLACE 5 min, 1.7 miles BRICKELL CITY CENTER 7 min, 2.8 miles MARY BRICKELL VILLAGE 8 min, 3.1 miles BRICKELL FINANCIAL DISTRICT 9 min, 3.3 miles SOUTH BEACH 12 min, 5.7 miles MARLINS PARK 8 min, 3.8 miles DOWNTOWN MIAMI ATLANTIC OCEAN TROLLEY ROUTE 95 MIAMI DESIGN DISTRICT 2 min, 0.8 miles 112 SHOPS AT MIDTOWN 3 min, 1.1 miles 1 836 A1A 195 ADRIENNE ARSHT CENTER 3 min, 1.1 miles 395 27 41 9 PÉREZ ART MUSEUM 4 min, 1.5 miles MIAMI INT. AIRPORT 12 min, 7.5 miles MUSEUM OF SCIENCE 4 min, 1.4 miles AMERICAN AIRLINES ARENA 5 min, 1.7 miles MIAMI BEACH 13 min, 6.3 miles WYNWOOD ART DISTRICT 3 min, 0.7 miles SEE LEGAL DISCLAIMER ON BACK PAGE
  • 8. THE NEW MIAMI IS EMERGING NOW TRULY A WORLD CLASS CITY – ION EAST EDGEWATER IS CONNECTED TO IT ALL
  • 9. Histo ric ally, Miam i has been renow ned for its stunning b eac hes, internatio nal financ e, and no n- sto p nig htlife. Tod ay, however, p eo p le from all over the wo rld are c hoo sing Miam i as the ultim ate d estinatio n in w hic h to live in term s of c ulture, ind ustry, and enter tainm ent. The c ity has been lab eled as the Wall Street of the So uth for its b usiness and com m erc e reac h into Latin Am eric a, the Caribbean, So uth Am eric a, and b eyo nd. With the d irec t ocean ac c ess via Governm ent Cut, the Po r t of Miam i is not o nly p ic turesq ue, b ut vital to the reg io n and the state. Peo p le flo c k to the c ity to take par t in the festivities and exhib its of Ar t Basel in Dec em b er; the Coconut Grove Ar ts Festival in Feb ruary; and the So ny Op en Tennis To urnam ent eac h Marc h o n Key Bisc ayne. Throug ho ut Pérez Art Museum Miami American Airlines Arena in Downtown Miami Patricia and Phillip Frost Museum of Science Adrienne Arsht Performing Arts Center the rest of the year, b oat shows, fitness c halleng es, food and w ine festivals, and more at trac t an aud ienc e from d ozens of countries. And, w ith rec ent ad d itio ns suc h as the Arsht Center for the Per form ing Ar ts, The Perez Ar t Museum, the Frost Museum of Sc ienc e, Am eric an Airlines Arena, Mary Bric kell Villag e, and the upcom ing hig h- speed rail servic e – All Ab oard Flo rid a – connec ting Miam i to other key Flo rid a c ities suc h as Orland o and Tam pa, Miam i now has the at tentio n of the entire wo rld for its ever- g row ing d iversity, internatio nal c uisine, hig h- end shopp ing, and wo rld- c lass enter tainm ent...m aking Miam i syno nymo us w ith cosmopo litan c ity living. All Aboard Florida Port of Miami Miami World Center Brickell City Center Miami – The New Capital of International Interest SEE LEGAL DISCLAIMER ON BACK PAGE
  • 10.
  • 11.
  • 12.
  • 13.
  • 14. INTRODUCING ION EAST EDGEWATER HIGH DESIGN – AT PRICES YOU CAN LIVE WITH
  • 15. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 16. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 17. EAST EDGEWATER…THE BIRTH OF MIAMI’S HOTTEST NEW NEIGHBORHOOD INCLUDING A PUBLIC SCULPTURE AND ART PARK - WITHIN STEPS OF ION East Edgewater One of the highlights proposed in the park design is there will be outdoor sculptures by accomplished local and international artists including Cuban artist Jose Bedia Valdes and Argentinian artists Carolina Sardi and Eugenio Cuttica. SEE LEGAL Proposed renderings and artists of public sc ulpture and art park by neighboring developer. This is not intended to be used as a c ontract doc ument. DISCLAIMER ON BACK PAGE This is c onceptual and any and all elements of it may be revised as per further coordination and information is made available.
  • 18. RESORT LIVING COMES HOME –ESCAPE FROM THE CITY
  • 19. COMING HOME – LOBBY/MAILROOM LOUNGE/BUSINESS CENTER – MEET YOUR NEIGHBORS BEFORE RETREATING TO YOUR HOME
  • 20. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 21. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 22. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 23. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 24.
  • 25. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 26. The 75 foot pool, Jacuzzi and reflecting pond repeat the cascading water effect as shown on the sides of the building. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 27. SEE LEGAL DISCLAIMER ON BACK PAGE Dive In Movie Theatre is super unique
  • 28. The communal fire pit and summer kitchen all add to ION’s uniqueness of a private community where you can entertain all within ION’s 8th floor deck. Walled hedges with windows provide intimacy. SEE LEGAL DISCLAIMER ON BACK PAGE
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  • 30. Mood shots of materials in party room/lounge SEE LEGAL DISCLAIMER ON BACK PAGE
  • 31. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 33. SEE LEGAL DISCLAIMER ON BACK PAGE
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  • 36. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 37. ROOFTOP SKY LOUNGE SEE LEGAL DISCLAIMER ON BACK PAGE
  • 38. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 39. ROOFTOP SUNSET LOUNGE SEE LEGAL DISCLAIMER ON BACK PAGE
  • 40. VIEWS ENJOY THE CITY AND THE BAY
  • 41. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 42. SEE LEGAL DISCLAIMER ON BACK PAGE
  • 43. SEE LEGAL DISCLAIMER ON BACK PAGE NORTHEAST VIEW
  • 44. SOUTH VIEW SEE LEGAL DISCLAIMER ON BACK PAGE
  • 45. SEE LEGAL DISCLAIMER ON BACK PAGE SOUTH VIEW
  • 46. TEAM TRULY A GLOBAL “A” TEAM
  • 47. DEVELOPER TEAM TH E DEVELOPER ION EAST EDGEWATER is b eing d evelo p ed by Edgew ater Miam i, LLC, w hic h is an entit y form ed by af filiates of SAKOR Developm ent LLC and Encore Ho using Op p o r tunit y Fund. SAKOR Developm ent, LLC is a p ar tnership of two real estate industry veterans, Barb ara Salk and Step hen Ko rnfeld, eac h w ith ex tensive So uth Flo rid a exp erienc e in a d iversit y of larg e g round - up d evelopm ent p rojec ts. Their com b ined d evelopm ent and ex tensive construc tio n exp erienc e sp an successful c areers that b ring over 75 years of exp er tise to their p rojec ts. Addito nally they have collab o rated o n several p rojec ts inc lud ing the land assem bly and zoning approvals for Icon Palm Beac h (150 unit p rojec t in West Palm Beac h, FL) and the m ec hanic al and p lum b ing for Cit y Plac e So uth Tower (420 unit p rojec t in West Palm Beac h, FL). Encore Ho using Op p o r tunit y Fund is an opp o r tunistic real estate fund m anag er w hic h invests in resid ential real estate, w ith of fic es in Flo rid a and Califo rnia. Encore is a seaso ned resid ential real estate d evelopm ent and investm ent firm , w ith land ac q uisition, d evelopm ent, and construc tion c ap ab ilities in- ho use. Enc ore operates two opp or tunistic funds and one p rivate REIT, w hic h w hen fully d ep loyed, are antic ip ated to have in exc ess of $ 1B AUM. Encore c urrently has investm ents in Miam i, Orland o, Jac kso nville, Tam p a, Dallas, Lo s Ang eles, Sac ram ento, Pho enix, and San Franc isc o. The lead ership of Encore is also invo lved in Miam i Wo rldcenter, o ne of the larg est urb an m ixed use p rojec ts in the country. B a rb a ra Salk , Pr in c ip al Ms. Salk b ring s 25 years of m ulti- d isc ip lined real estate exp erienc e w ith the last 15 years focused m ainly in d evelopm ent, sales and leasing of residential and com m erc ial pro p er t y. Ms. Salk served as o ne of The Related Group’s most senio r cond om inium d evelo p ers in Flo rid a for 11 years and has overseen all d isc iplines of several residential pro je c ts representing over $ 1 billio n in value and 2,000 units. Her com prehensive exp erienc e ex tends from land ac q uisition and underw riting p ro jec t transac tions to the full d evelopm ent and sales p rogram for a condom inium o r m ixed - use p rojec t. Her local relatio nship s w ith contrac to rs and vend o rs p rovid e invaluab le insid er, g round - level intellig enc e and favo rab le p ric ing. In 20 0 9 d uring the m arket d ow ntow n, Ms. Salk led asset m anag em ent team s in unp rec ed ented cond om inium c lo sing s in two d istressed subm arkets fo r two larg e b ank synd ic ates encom passing 12 lend ing institutio ns. Prio r to The Related Group, Ms. Salk w as em p lo yed by J. E. Ro b er ts /Arc ho n Group (a sub sid iary of Go ldm an Sac hs) for 8 years w here she oversaw the p hysic al d ue d ilig enc e and neg otiated approp riate p ric ing ad justm ents for approxim ately $ 18 b illio n in lo an and real estate p o r t folio acquisitio ns. She also assisted in neg otiatio ns for environm ental and c ap ital fund ing ad justm ents w ith lend ers and rating ag enc ies o n transac tio ns totaling over $ 3.5 b illio n in p roceed s. St e p hen Ko rn fe ld , Pr in c ip a l Mr. Ko rnfeld is the third g eneratio n of his fam ily in the construc tio n ind ustr y, p ar tic ip ating in the d evelopm ent and construc tio n of m ajo r p rojec ts wo rldw id e, m any of w hic h are located in So uth Flo rid a. He is p ar tic ularly w ell know n and respec ted in the Mec hanic al, Plum b ing and Elec tric al contrac ting field s having p er form ed wo rk throug h his com p anies o n some of the larg est and com p lex p rojec ts b uilt in rec ent histo ry. He has a lo ng and successful histo ry in the internatio nal construc tio n w o rld as well. He first d evelo p ed p rojec ts in his early twenties in the US Virg in Island s w here he conc eived and b uilt well over a tho usand units of ho using for locals und er g overnm ent assisted p rog ram s. Mr. Ko rnfeld ’s MEP com p anies have com p leted assig nm ents for some of the larg est p rojec ts in New Yo rk, inc lud ing The Wo rld Financ ial Center (3 tow ers, eac h 2 m illio n sf), IBM Wo rld Headquar ters, AT&T, Go ldm an Sac hs and General Food s, the 2,000 - b ed NY Presbyterian Ho sp ital and 2,000 - b ed additio n to the NY Mo unt Sinai Ho sp ital. Mr. Ko rnfeld g rew w hat w as a sm all fam ily b usiness into a cong lomerate of sp ec ialt y com p anies, w hic h w as so ld in 20 11 to Tuto r Perini Corp oration. In 20 0 4, Mr. Ko rnfeld and p ar tners p urc hased Nag elb ush Mec hanic al in So uth Flo rid a. Throug h his Flo rid a com p any, Mr. Ko rnfeld has com p leted the m ec hanic al and p lum b ing for over 20 of the m ajo r hig h- rise p rojec ts rec ently b uilt in the Miam i area. Barb ara Salk Princip al Stephen Ko rnfeld Princip al SEE LEGAL DISCLAIMER ON BACK PAGE
  • 48. DEVELOPER’S PROJECT HISTORY Bar bar a Salk, a s Senior Developer o f The Related Group CityPlace - Sout h To w e r 1 West Palm Beach, Florida The Slade West Palm Beach, Florida CityPlac e – Condominium Conversion West Palm Beach, Florida 2 0 8 0 Ocean Drive Hallandale Beach, Florida The Prado West Palm Beach, Florida Villa Lof ts West Palm Beach, Florida SEE LEGAL DISCLAIMER ON BACK PAGE
  • 49. DEVELOPER’S PROJECT HISTORY Universi t y Riverview Bronx, New York 8 0 B r oad Street Stamford, Connect icut Baryshnikov Art s Center New York, NY F reedom Towe r New York, NY Stephen Kornfeld, a s Developer The Marq u i s Condominium & Hotel Miami , Florida Par amoun t Bay Miami , Florida St. Regi s Bal Harbour Bal Harbour, Florida SEE LEGAL DISCLAIMER ON BACK PAGE Stephen Kornfeld, a s Special t y M&P Cont rac tor
  • 50. ARQUITECTONICA Ar c h it e c t Arq uitec to nic a is an arc hitec ture, interio r d esig n and p lanning firm that b eg an in Miam i in 1977 as an exp erimental stud io. Led by Bernard o Fo r t-Bresc ia and Laurind a Sp ear, the stud io has evo lved into a wo rldw id e p rac tic e, com b ining the c reative sp irit of the p rinc ip als w ith the ef fic iency of d elivery and reliab ilit y of a m ajo r arc hitec tural firm. To d ay Arq uitec to nic a has a p rac tic e ac ro ss the United States d irec ted from reg io nal of fic es in Miam i, New Yo rk and Lo s Ang eles. Arq uitec to nic a’s internatio nal p rac tic e is sup p o r ted by a Euro p ean reg io nal of fic e in Paris; Asian reg io nal of fic es in Ho ng Ko ng , Shang hai and Manila; the Mid d le East reg io nal of fic e in Dub ai; and Latin Americ an reg io nal of fic es in Lim a and São Paulo. Sinc e its fo und ing in 1977, Arq uitec to nic a has wo n numero us Americ an Institute of Arc hitec ts and Pro g ressive Arc hitec ture Desig n Award s. The firm has been named the AIA Flo rid a Firm of the Year, and in testimony to the lo ngevit y of the firm’s wo rk, Arq uitec to nic a wo n the AIA Test of Time Award fo r the Banc o d e Cred ito Headquar ters, The Atlantis cond om inium and the Pink Ho use. Arq uitec to nic a has wo n more than 20 0 total award s fo r its iconic d esig ns. The firm’s wo rk has been featured in more than 5,000 natio nal and internatio nal p ub lic atio ns suc h as Time, New sweek, Life, Fo r tune and Business Week, as well as numero us p rofessio nal jo urnals suc h as Arc hitec tural Record, Pro g ressive Arc hitec ture, Arc hitec tural Desig n, Dom us, Glo b al Arc hitec ture, L’Arc hitec ture D’aujo urd’hui, Ab itare and Häuser. Arq uitec tonic a’s work sp ans several c ontinents, from p ro jects suc h as sc ho o ls and universities, resor ts and casino s, hotels, luxury cond om inium towers, retail c enters and of fic e b uild ing s to sp ec ialized p ro jec ts suc h as a U.S. Em bassy, o p era ho use / sym p ho ny halls, m useum s, cour tho uses, m ultip urp o se arenas and conventio n c enters, airp or ts and transp or tation c enters, television stud ios and several b ank headquar ters. Insp irat ion fo r b uild ing ... The b uild ing is a metap ho ric al m ap of the uniq ue lo c at io n of the p ro p er ty. The w estern p o r t io n of the b uild ing rep resents the Miam i/ Edgew ater area and the eastern p o r t io n rep resents Miam i Beac h. The tw o areas are jo ined together by Bisc ayne Bay flow ing b etw een them. As the b uild ing is turned up rig ht, the Bay turns into a sensual c asc ad ing w ater fall and b ec omes a landm ark lig hted b eac o n at nig ht fo r all to enjoy. Bernard o Fo r t-Bresc ia, FAIA Casc ad es at East Edgewater Icon Brickell Condominium + Brickell CitiCentre American Airlines Arena Canyon Ranch Hotel, Spa Banco Wiese 500 Brickell Condominum Viceroy Resort Brickell, Florida Miami, Florida and Residences Lima, Peru Miami, Florida Miam i Beach, Flo rid a SEE LEGAL DISCLAIMER ON BACK PAGE Miam i, Florid a
  • 51. HIRSCH BEDNER ASSOCIATES In t e r io r De s ig n e r Hirsh Bed ner Associates b ring s hotel c hic d esig n to Sp ec tra at East Edgew ater. Wo rld - renow ned as the “Num b er 1 Ho sp italit y Desig n Firm ” and ho no red in 20 13 by the Go ld Key Award s, Ho sp italit y Desig n, Persp ec tive Award s, the Bo utiq ue Desig n Aw ard s and the Europ ean Hotel Desig n Aw ard s ; HBA/Hirsc h Bed ner Associates, unveils the wo rld’s most antic ip ated hotels, reso r ts, and sp as. Lead ing the hotel d esig n ind ustry sinc e 19 65, HBA rem ains keenly at tuned to the p ulse of c hang ing ind ustry trend s g overned by to d ay’s sophistic ated traveler. The com p any’s internatio nal p resenc e, d ep th of exp erienc e, and d etailed ind ustry know ledge enab les them to id entify interio r d esig n trend s at their so urc e, m ake d efinitive p red ic tio ns ab o ut new d irec tio ns and innovatio ns, and influenc e d esig n stand ard s at a g lo b al level. HBA’s ultim ate o b jec tive is to ad d value, raise stand ard s and enhance the b rand of a p ro jec t’s ow ner and operato r. HBA c reates the sig nature lo o ks of to d ay’s luxury b rand s, ind ep end ent contem p o rary b o utiq ues, urb an reso r t sp as, wo rld - c lass resid enc es, restaurants, casino s, and c ruise ship s. From continent to continent, eac h HBA interio r is the result of a uniq ue and sensitive resp o nse to locatio n, arc hitec ture, and c lient visio n. With over 1,20 0 d esig ners around the g lo b e in 16 of fic es and a rec ent exp ansio n in several locatio ns in Asia, HBA is a true g lo b al com p any w ith more than 75% of its em p loyees now o utsid e the United States. HBA’s internatio nal p resenc e, com b ined w ith its ex tensive know ledge of the interio r d esig n ind ustry, has fac ilitated the ab ilit y to rew rite the lang uag e of d esig n w ith eac h new p rojec t. HBA has of fic es in Lo s Ang eles, Atlanta, San Franc isc o, Lo nd o n, Ho ng Ko ng, Beijing, Shang hai, To k yo, Sing ap o re, Melb o urne, New Delhi, Dub ai, Mo sc ow, Istanb ul, Bang ko k and Manila. Fo ur Seaso ns Hotel, Guangzho u Gre g Bates, NCIDQ Mandarin Oriental, Miam i Mand arin Oriental, New Yo rk Tim e Warner Center JW Marriott Hotel Beijing The Reef Atlantis Park Hyat t Hyd erabad Mandarin Oriental, Washing to n DC SEE LEGAL DISCLAIMER ON BACK PAGE
  • 52. SALIENT POINTS: • RESORT LIVING COMES HOME – NUMBER ONE HOSPITALITY DESIGNER IN THE WORLD • UNIQUE OPPORTUNITY: HIGH DESIGN - AT PRICES YOU CAN LIVE WITH • CONNECTIVITY WHERE THE BAY MEETS THE CITY • ESTABLISHED GLOBAL A TEAM DELIVER QUALITY WITH LOCAL EXPERTISE
  • 53. Oral representatio ns c annot be relied upo n as c o rrec tly stating the representatio ns of the Develo per. Fo r c o rrec t representatio ns, reference sho uld be made to the do c uments req uired by sec tio n 718.503, Flo rid a Statutes, to be furnished a Develo per to a buyer o r lessee. This offering is m ade o nly by the pro spec tus fo r the c o ndom inium and no statement sho uld be relied upo n if no t made in the pro spec tus. This is not an offer to sell, o r so lic itatio n of offers to buy, the c o ndom inium units in states w here suc h offer o r so lic itatio n c annot be m ade. Pric es, p lans and spec ific atio ns are subjec t to c hange w itho ut notic e. This co ndom inium is being develo ped by Edgewater Miam i, LLC, a Flo rid a lim ited liab ilit y c om pany (the “Develo per” ), w hic h has a lim ited rig ht to use the tradem arked names and lo gos of Enc ore Ho using Oppo rtunit y Fund pursuant to a lic ense agreement with Encore Housing Opportunity Fund. Any and all statements, disc losures and /or representatio ns shall be deemed m ade by the Develo per and not by Enc o re Ho using Oppo rtunit y Fund or any other part y, and potential o r ac tual purc hasers shall lo ok so lely to the Develo per (and not to Enc o re Ho using Oppo rtunit y Fund and / or any of its affiliates) w ith respec t to any and all m at ters relating to the m arketing and /o r develo pm ent of the c o ndom inium and w ith respec t to the sales of units in the c o ndominium. The g raphic s and text reflec ted are the c o pyrig hted pro pert y of the Develo per. The rendering s illustrate and dep ic t the sp irit of a lifest yle; however, amenities and at trac tio ns of the c o ndom inium are subjec t to c hange. While there are water views at the pro pert y, views may vary. The restaurant is subjec t to the Develo per o btaining all nec essary and appro priate perm its, no ne of w hic h have been o btained. Any restaurant is intended to be privately o perated by a third part y o perato r from a c om merc ial spac e.