The re-development site consist of four parcels. The two north parcels "Site A" have an approximate size of 0.94 acres (40,981 SF) and are zoned (CB) Community Business. The remaining two south parcels "Site B" have an approximate size of 0.75 acres (32,704 SF) and are zoned RMH-25 Multifamily. Coral Ridge is one of Fort Lauderdale’s oldest neighborhoods, with a homeowner’s associations that was founded in 1949. Coral Ridge stretches from East Sunrise Blvd., north to East Oakland Park Blvd., and from the Intracoastal Waterway west to the Middle River. Coral Ridge consists of about 1,350 single family homes with several duplexes, condominiums, and town houses. Bayview Elementary School is one of the best public elementary schools in South Florida and one of the primary reasons the real estate market has stayed strong in the neighborhood for so many years. To the North is the Coral Ridge Mall, with Publix and Target as the two anchor stores. To the South is the Galleria Mall. Most of the properties to the East of Bayview Drive are waterfront with direct ocean access. A redevelopment study has been completed on all four parcels. The study proposes the opportunity to re-develop "Site A" as a 14-story mixed-use building with 175 hotel rooms, 93 residential units, and inline parking garage with a Gross Leasable Area of 308,696 SF. The study done on "Site B" is proposing to re-develop as a 7-story building with 18 residential units, parking, and amenities while maintaining a density of 24 units per acre. This study is conceptual and theoretical in nature only and should not be relied upon by any prospective purchaser as a permissible usage. See page 14 of this Offering Memorandum for more details.