River Club Multi-Family SiteIndian River Shores, Florida

Site plan approved! Shovel ready barrier island project available to developers and builders. Rare 24-unit multi-family development site, located in River Club at Carlton, a premier gated community in Indian River Shores. Previously planned for mid-rise condos.

Orlando

Miami

Indian River Shores is a quaint barrier island town offering a local post office, fire/paramedic and police service, and wasrecently voted the safest town in Florida.

River ClubIndian River Shores

Vero Beach, Florida

Vero Beach

Vero Beach, Florida is a quaint Oceanside community where there are few high rises and low traffic, and larger cities are a convenient distance away. This charming town offers a year round calendar of events, festivals, and a lively cultural scene. Vero Beach is home to Riverside Theatre. Actors, designers and directors from New York and other areas of the country are brought in for up to four weeks of performances of quality works from Broadway, off Broadway, and Regional theatres.

The Vero Beach Museum of Art, the largest cultural arts facility of its kind on Florida’s Treasure Coast, is a precious cultural gem that is admired and appreciated by residents and tourists alike. Situated on the east bank of the Indian River lagoon, this accredited art museum and educational institution provides educational programs and a diversity of quality exhibitions.

Ocean Drive is at the heart of the downtown beach area. Stroll the sidewalks and enjoy art galleries, festivals, farmers’ markets, casual or fine dining, and upscale shops offering fine fashions, accessories, jewelry, home décor and much more. On the pristine beaches you’ll find white sand, azure water and gentle breezes. Vero Beach prides itself on being a prime maritime center. The Indian River Lagoon forms a significant portion of the Intracoastal Waterway, and is a hub for boating, fishing, and watersports. Sheltered from the open ocean, the Indian River has a number of public and private marinas and boat launch facilities.The Vero Beach Municipal Airport is a public-use general aviation airport. Aircraft range in size from small general aviation aircraft to large corporate jets. The airport is home to 4 full service fixed base operators.

River Club is a stunning community offering lush, natural surroundings and exquisite amenities. The historic Jungle Trail on the west side of the community is ideal for walking, biking, or jogging along the Indian River.

River Club offers two clubhouses, including the only direct riverfront clubhouse on the barrier island with a pool/spa, guest suites, and beautiful river views. Residents enjoy riverfront terraces overlooking the water and relax in luxury while they socialize.

Enjoy two sparkling pools to choose from: one at the riverfront clubhouse and one at the fitness and tennis center.

Located near the front of the community is the tennis and fitness center offering a pool with cabana baths.

Residents enjoy beach access with a coded gate. The beach path leads to parking directly across the street for easy ocean access.

®, ™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates, Inc. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned and Operated, Except Offices Owned and Operated By NRT Incorporated.

Michael ThorpeBroker | Owner772.532.0449mthorpe@tcsir.com

Kimberly Hardin ThorpeBroker | Owner772.532.5233kthorpe@tcsir.com

For additional information, please call:

This prime development opportunity is offered at $3,600,000

GRAND HAVENPRELIMINARY COST ESTIMATE

June, 2016

PREPARED BY:Knight, McGuire & Associates, Inc.80 Royal Palm Pointe, Suite 401Vero Beach, Florida 32960

ITEM DESCRIPTION QTY. UNIT UNIT PRICE AMOUNTA EARTHWORK & ROAD IMPROVEMENTS

1 MOBILIZATION LS JOB $10,000.00 10,000.00$ 2 CLEAR AND GRUB SITE AC 2.70 $6,500.00 17,550.00$ 3 EARTHWORK COMMON AREAS (GRADE) CY 2,220 $5.00 11,100.00$ 4 IMPORT FILL - GRADING AT BLDG. PAD CY 5,870 $10.00 58,700.00$ 5 GRADING (ROUGH) AC 2.70 $2,500.00 6,750.00$ 6 GRADING ROADWAY (FINAL) LS JOB $4,500.00 4,500.00$ 7 SOD AND SEED SY 11,277 $2.50 28,192.50$ 8 TEMPORARY CONSTRUCTION ENTRANCE LS JOB $2,200.00 2,200.00$ 9 EROSION CONTROL LF 1,700 $2.00 3,400.00$

SUBTOTAL 142,392.50$

B ROADWAY1 12" STABILIZED SUBGRADE SY 2,163 $5.00 10,815.00$ 2 6" ROCK BASE - BRICK PAVER AREAS SY 853 $9.50 8,103.50$ 3 8" ROCK BASE - ASPHALT AREAS SY 978 $10.50 10,269.00$ 4 1 1/2" TYPE SP 9.5 ASPHALT SY 978 $4.65 4,547.70$ 5 BRICK PAVERS W/ 1-INCH SAND SF 7,674 $6.00 46,044.00$ 6 MODIFIED MIAMI CURB LF 1,026 $11.50 11,799.00$ 7 CURB TYPE 'B' LF 457 $10.00 4,570.00$ 8 SIDEWALK (4' CONC) LF 1,281 $20.00 25,620.00$ 9 STOP BAR/ STOP SIGN EA 2 $400.00 800.00$

10 STRIPING AND SIGNAGE LS JOB $2,500.00 2,500.00$ 11 WHEELSTOP (CONCRETE 6"X10"X6') EA 12 $116.00 1,392.00$

SUBTOTAL 126,460.20$

C UTILITY - SEWER2 8" GRAVITY SEWER PVC LF 313 $35.00 10,955.00$ 3 SEWER SERVICE LATERALS EA 4 $1,000.00 4,000.00$ 4 SANITARY SEWER MANHOLE EA 3 $1,800.00 5,400.00$ 5 CLEANOUT EA 5 $1,070.00 5,350.00$

SUBTOTAL 25,705.00$

D UTILITY - DRAINAGE1 15" HDPE LF 112 $16.50 1,848.00$ 2 18" HDPE LF 22 $20.00 440.00$ 3 24" HDPE LF 266 $28.00 7,448.00$ 4 15" RCP LF 74 $18.00 1,332.00$ 5 18" RCP LF 62 $22.00 1,364.00$ 6 24" RCP LF 208 $28.00 5,824.00$ 7 MODIFIED MIAMI CURB INLET EA 8 $1,800.00 14,400.00$ 8 JUNCTION BOX EA 1 $1,650.00 1,650.00$ 9 YARD DRAIN EA 3 $600.00 1,800.00$

10 PIPE END TREATMENT EA 1 $2,000.00 2,000.00$ SUBTOTAL 38,106.00$

E UTILITY - WATER1 CONNECT TO EXISTING WM LS 1 $1,800.00 1,800.00$ 2 8" PVC WATER MAIN LF 355 $24.00 8,520.00$ 3 6" PVC WATER MAIN LF 106 $17.00 1,802.00$ 4 8" M.J. 22.5' BEND EA 2 $500.00 1,000.00$ 5 8" M.J. 11.25" BEND EA 3 $500.00 1,500.00$ 6 8"X8"X8" M.J. TEE EA 1 $260.00 260.00$ 7 8"X8"X6" M.J. TEE EA 2 $760.00 1,520.00$ 8 8"X6" M.J. REDUCER EA 2 $550.00 1,100.00$

J:\15-056 River Club Condos\Docs\15-056 PrelimCostEstimate.xlsx 6/30/2016

GRAND HAVENPRELIMINARY COST ESTIMATE

June, 2016

9 8"X8"X6"X6" M.J. CROSS EA 1 $500.00 500.00$ 10 8" M.J. GATE VALVE EA 1 $1,500.00 1,500.00$ 11 6" M.J. GATE VALVE EA 2 $1,310.00 2,620.00$ 12 6" M.J. 45 BEND EA 1 $540.00 540.00$ 13 FIRE HYDRANT ASSEMBLY EA 2 $4,275.00 8,550.00$ 14 SERVICE EA 4 $4,500.00 18,000.00$ 15 TEMP. JUMPER EA 1 $1,875.00 1,875.00$ 16 BLOW-OFF EA 2 $1,730.00 3,460.00$ 17 SAMPLE POINTS EA 3 $600.00 1,800.00$

SUBTOTAL 39,945.00$

F MISC. SITE IMPROVEMENTS1 RETAINING WALL - 3-FT. HIGH LF 58 $20.00 1,160.00$ 2 RETAINING WALL - 4-FT. HIGH LF 147 $25.00 3,675.00$ 3 MISC. LANDSCAPE BLOCKS/ BOULDERS LS JOB $2,000.00 2,000.00$ 4 $0.00 -$

SUBTOTAL 6,835.00$

G ELECTRICAL1 CONDUIT (MISC.) LF 1,350 $5.00 6,750.00$ 2 TRANSFORMER PADS EA 4 $500.00 2,000.00$ 3 2" ELECTRICAL LF 1,100 $3.00 3,300.00$ 4 3" ELECTRICAL LF 1,100 $3.50 3,850.00$ 5 LIGHTS (PER OWNER) EA 19 $1,500.00 28,500.00$

SUBTOTAL 44,400.00$

COST ESTIMATE SUMMARYA. EARTHWORK 142,392.50$ B. ROADWAY 126,460.20$ C. UTILITY- SEWER 25,705.00$ D. UTILITY- DRAINAGE 38,106.00$ E. UTILITY- WATER 39,945.00$ F. MISC. SITE IMPROVEMENTS 6,835.00$ G. ELECTRICAL 44,400.00$

ESTIMATE SUBTOTAL 423,843.70$

HSURVEY STAKE-OUT (2%) LS JOB $8,476.87 8,477.00$ MAINTENANCE BOND/ GUARANTEE -UTILITIES LS JOB $5,000.00 5,000.00$ SURVEY AS-BUILTS LS JOB $2,119.22 2,120.00$ LANDSCAPING (TREE RELOCATION) LS BUDGET $100,000.00 100,000.00$ TESTING & T.V. LS JOB $2,500.00 2,500.00$ ENGINEERING INSPECTIONS (1.5%) LS JOB $6,357.66 6,357.66$ CONTINGENCY (10%) LS JOB $42,384.37 42,384.37$

ESTIMATE TOTAL 590,682.73$

J:\15-056 River Club Condos\Docs\15-056 PrelimCostEstimate.xlsx 6/30/2016